What comes next for Bitcoin: $20K or $30K?

dragonvslinux

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Quote from: dragonvslinux on February 21, 2023, 09:14:45 AM

Do you think $20K or $30K will happen next?

Am locking this thread now to avoid ~~sig~~ spammers answering this question (for the rest of the year) that's already answered itself. Answer was $20K before $30K.

For reference 82% voted $30K, only 10% voted $20K. I was in the $30K camp at the time admittedly:

Quote from: dragonvslinux on February 21, 2023, 09:14:45 AM

Personally I think if price can reclaim $25K then we will see $30K next, but otherwise if price drops below $23K then $20K becomes more likely again, as I think $21.5K will be less likely to hold as support again.

$21.5K certainly didn't hold as support second time around though!

New topic & poll: What comes next for Bitcoin: $17K or $23K?

Wong Gendheng

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I am very surprised when checking the price of bitcoin dropped again below $ 20k to $ 19885, today the market drop is more than 8%, hopefully there is no panic from investors, I'm sure investors who have experience understand that when the price drops then the good opportunity to buy more, do not Miss a golden opportunity to get cheap prices.

Fara Chan

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Quote from: bitterguy28 on February 27, 2023, 11:20:52 PM

I must admit that I fail as we are in the end of the month now and yet spiking and holding 25k cannot attain , and also maybe even March isn't enough to break that target , but also I believe that the question is for the whole year and not just this February or the next month.

The Bitcoin cycle will of course continue to run in line, last February may have been a failure, for March now it cannot be said for sure, of course there will be no accurate predictions, there have been changes and increases that occurred in the last month, which must have happened yesterday when the increase hit by frequent price corrections, and the cycle is still running between $22k and $23k, I think for the rest of the year it's going to be a significant pump it seems.

doomloop

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Quote from: STT on March 06, 2023, 01:21:06 PM

Stalled at present and looking like down is a more likely option then up. Could be a fake out type move rather then genuine sustained negative selling but right now I'm watching how it moves relative to various moving averages and this down trend line also. Every time we've attempted upwards its failed to do so and resolved downwards, do that too often and it gets bumpy and falls off the track; action not likely to lead to 30k imo

Yeah, the possibility of the price reaching $20k or maybe lower is more than reaching $30k. We've seen how the last two weeks of last month were, we almost thought that it is going to get out of this cycle and start moving up, but every time market proved us wrong and then dropped again.

I'm pretty surprised by the poll results where most people voted for $30k, meaning the price will reach that first. Bitcoin will not move up before it touches $20k for once and then if it crosses $25k from there, that will be a signal for it to go towards $30k then.

STT

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Stalled at present and looking like down is a more likely option then up. Could be a fake out type move rather then genuine sustained negative selling but right now I'm watching how it moves relative to various moving averages and this down trend line also. Every time we've attempted upwards its failed to do so and resolved downwards, do that too often and it gets bumpy and falls off the track; action not likely to lead to 30k imo

Nrcewker

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Quote from: 19Nov16 on March 05, 2023, 04:55:15 AM

I bet will reach $30k soon, even though it's almost a month of red market but I'm sure March will be the start of a revival, this is common when the market looks sluggish then there will be surprises that make prices skyrocket, like at the end of last year which seemed to continue to drop due to the FTX case but in January it was proven can skyrocket to over 43%.

I had a lot of expectations in March, but instead of increasing in the price, Bitcoins are struggling in this price segment. Instead of increasing, they are falling in their price. The resistance in this price segment is so high that, it is pulling the Bitcoins, and not allowing it to cross the 25k usd price segment. Now only some external good news, can make the Bitcoins jump out of this price segment. Else we need to load more demand for the coin, as a result it will help to attain more high price. Fingers crossed for this month.

19Nov16

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I bet will reach $30k soon, even though it's almost a month of red market but I'm sure March will be the start of a revival, this is common when the market looks sluggish then there will be surprises that make prices skyrocket, like at the end of last year which seemed to continue to drop due to the FTX case but in January it was proven can skyrocket to over 43%.

doomloop

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Quote from: justdimin on February 28, 2023, 07:46:31 AM

I think march could be, we have tried it and basically made the cap looser to open next time we tried it. Imagine it this way, you can hit a wall with a hammer once, and it will not fall down, but if you hit the wall with a hammer over a dozen times then it will eventually be just crumbles and nothing more.

This is why I believe that we shouldn't be really focusing on what to do with bitcoins future, because we know what we should, just try to hammer that 25k price as many times as we have to and eventually we will crack above that level without a doubt. I know that it is not going to be easy, but it will happen eventually, maybe we will fail a couple more times but we will eventually pass that level.

There has been a lot of movement lately. It went to $25k for the second time, couldn't hold it, then dropped back to $22.7k, couldn't go lower, and rallied back to nearly $24k again, but wasn't strong enough again, and dropped back to $23k again. Now it's trying to go up once again, and it still doesn't look too strong of a movement to me.

Though we know that it is destined to cross that $25k mark sometime soon, I still feel that we will see it moving again towards $20k at least once or maybe twice before it breaks up the resistance and goes beyond.

dragonvslinux

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Quote from: ShowOff on February 28, 2023, 02:21:39 PM

Quote from: dragonvslinux on February 27, 2023, 04:49:19 PM

Quote from: OgNasty on February 27, 2023, 03:39:47 PM

Wow. Those poll results are telling. The market is incredibly bullish right now. That actually makes me feel like maybe I should be bearish.

Was thinking the same thing. Was expecting most to vote for $20K not $30K, or at least a balance. But also this could mean $20K prior to $30K, so not necessary bearish long-term.

Since there are only 3 options, I think it's natural that most people expect bullish. If you add sideway then maybe I'd vote for sideway instead of the $30K.

I understand what you're saying, but unless Bitcoin remains between $20K and $30K forever, then the fair assumption is that it will reach one before the other.

So even if you think price will sideways for a while, the question still remains, what comes after that... $20K or $30K?

Quote from: ShowOff on February 28, 2023, 02:21:39 PM

But I don't understand why some voters are more bearish than bullish for the next price prediction.

I think it's simply because 95%+ (23/24) think that $20K won't happen again, or at least not before $30K, even if price is to go sideways or a bit lower in the meantime.

ShowOff

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Quote from: dragonvslinux on February 27, 2023, 04:49:19 PM

Quote from: OgNasty on February 27, 2023, 03:39:47 PM

Wow. Those poll results are telling. The market is incredibly bullish right now. That actually makes me feel like maybe I should be bearish.

Was thinking the same thing. Was expecting most to vote for $20K not $30K, or at least a balance. But also this could mean $20K prior to $30K, so not necessary bearish long-term.

Since there are only 3 options, I think it's natural that most people expect bullish. If you add sideway then maybe I'd vote for sideway instead of the $30K. The price range I'm thinking of in the short term is $22K - $26K, this could be during March or after. But I don't understand why some voters are more bearish than bullish for the next price prediction.

It's good to get the price a bit lower around $22K before finally breaking through $25K and above. But anyway $20K is still possible, so traders just have to be careful.

BobK71

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Quote from: Wiwo on February 27, 2023, 05:32:21 PM

Quote from: dragonvslinux on February 27, 2023, 04:49:19 PM

Quote from: OgNasty on February 27, 2023, 03:39:47 PM

Wow. Those poll results are telling. The market is incredibly bullish right now. That actually makes me feel like maybe I should be bearish.

Was thinking the same thing. Was expecting most to vote for $20K not $30K, or at least a balance. But also this could mean $20K prior to $30K, so not necessary bearish long-term.

Quote from: OgNasty on February 27, 2023, 03:39:47 PM

I’m expecting Bitcoin to be on a multi year bull run now but I’d hoped there were still plenty of worries to climb. If everyone is all in, that could be bad news. Still, I’m not selling any.

If we get closer to $20K most will become more bearish. This could well be the ideal result imo. Then moving beyond $25K to $30K would become less of a problem.

Bear market sentiment have kept bitcoin price at a stagnated level for over the past few days, even though Bitcoin showed some remarkable sign of recovery and a possible bull market, in the coming week if bitcoin continues to place a resistant level at 22k and anything below that price should be taken as pointers to the level of support.

After the 25K price spike, when there were no buyers for Bitcoin, the price of Bitcoin continued to decline. A down trend has prevailed so far. But if this continues for a few more days then the price of Bitcoin will drop again and may even fall to 20k. As investor confidence is still lacking, it is unlikely that the price will rise any time soon. If this situation continues, Bitcoin price will certainly fall to 20K and it will take more time to bullish again.

justdimin

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Quote from: bitterguy28 on February 27, 2023, 11:20:52 PM

Quote from: maydna on February 23, 2023, 09:34:46 AM

Perhaps, it still can't reach $30k by the end of this month because the price difference is still around $6k-$7k, so it will take a little longer unless there is major support or more positive news that can convince investors to buy bitcoin in large quantities that can move its price to break every high. Maybe the decider will be in the next month because that's the end of Q1 for the year, so maybe the price will start showing massive moves in Q2 or beyond. But let's see how bitcoin moves in the next month while still waiting for the new ATH to be reached.

I must admit that I fail as we are in the end of the month now and yet spiking and holding 25k cannot attain , and also maybe even March isn't enough to break that target , but also I believe that the question is for the whole year and not just this February or the next month.

I think march could be, we have tried it and basically made the cap looser to open next time we tried it. Imagine it this way, you can hit a wall with a hammer once, and it will not fall down, but if you hit the wall with a hammer over a dozen times then it will eventually be just crumbles and nothing more.

This is why I believe that we shouldn't be really focusing on what to do with bitcoins future, because we know what we should, just try to hammer that 25k price as many times as we have to and eventually we will crack above that level without a doubt. I know that it is not going to be easy, but it will happen eventually, maybe we will fail a couple more times but we will eventually pass that level.

bitterguy28

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Quote from: maydna on February 23, 2023, 09:34:46 AM

Quote from: bitterguy28 on February 23, 2023, 02:24:47 AM

aiming for 30k , I believe we will be seeing this in a couple of weeks or at least in before this month ends?

February shows us how good bitcoin can be and also I am watching for this at least since January but the movement now seemingly will be bringing me more profitable month that the last.

and also the votes seems to be a growing for 30k.

Perhaps, it still can't reach $30k by the end of this month because the price difference is still around $6k-$7k, so it will take a little longer unless there is major support or more positive news that can convince investors to buy bitcoin in large quantities that can move its price to break every high. Maybe the decider will be in the next month because that's the end of Q1 for the year, so maybe the price will start showing massive moves in Q2 or beyond. But let's see how bitcoin moves in the next month while still waiting for the new ATH to be reached.

I must admit that I fail as we are in the end of the month now and yet spiking and holding 25k cannot attain , and also maybe even March isn't enough to break that target , but also I believe that the question is for the whole year and not just this February or the next month.

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Quote from: dragonvslinux on February 27, 2023, 04:49:19 PM

Quote from: OgNasty on February 27, 2023, 03:39:47 PM

Wow. Those poll results are telling. The market is incredibly bullish right now. That actually makes me feel like maybe I should be bearish.

Was thinking the same thing. Was expecting most to vote for $20K not $30K, or at least a balance. But also this could mean $20K prior to $30K, so not necessary bearish long-term.

Quote from: OgNasty on February 27, 2023, 03:39:47 PM

I’m expecting Bitcoin to be on a multi year bull run now but I’d hoped there were still plenty of worries to climb. If everyone is all in, that could be bad news. Still, I’m not selling any.

If we get closer to $20K most will become more bearish. This could well be the ideal result imo. Then moving beyond $25K to $30K would become less of a problem.

Bear market sentiment have kept bitcoin price at a stagnated level for over the past few days, even though Bitcoin showed some remarkable sign of recovery and a possible bull market, in the coming week if bitcoin continues to place a resistant level at 22k and anything below that price should be taken as pointers to the level of support.

dragonvslinux

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Quote from: OgNasty on February 27, 2023, 03:39:47 PM

Wow. Those poll results are telling. The market is incredibly bullish right now. That actually makes me feel like maybe I should be bearish.

Was thinking the same thing. Was expecting most to vote for $20K not $30K, or at least a balance. But also this could mean $20K prior to $30K, so not necessary bearish long-term.

Quote from: OgNasty on February 27, 2023, 03:39:47 PM

I’m expecting Bitcoin to be on a multi year bull run now but I’d hoped there were still plenty of worry to climb. If everyone is all in, that could be bad news. Still, I’m not selling any.

If we get closer to $20K most will become more bearish. This could well be the ideal result imo. Then moving beyond $25K to $30K would become less of a problem.

OgNasty

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Wow. Those poll results are telling. The market is incredibly bullish right now. That actually makes me feel like maybe I should be bearish. I’m expecting Bitcoin to be on a multi year bull run now but I’d hoped there were still plenty of worry to climb. If everyone is all in, that could be bad news. Still, I’m not selling any.

yhiaali3

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There are about 24 hours left until the monthly closing. If we close above $24,500, I think we will witness a big month in March, and we may see 30k$, but if we close below 21,500, we will most likely see a correction for areas of 20k$ or below.

I tend to be bullish, but we need to break $23,800 first to continue the rise, otherwise it could stop the positive scenario.

In the end, these are all expectations based on analytics. Perhaps the course of Bitcoin will be in a scenario that contradicts all of these expectations.

indah rezqi

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I don't have the best idea of the current bitcoin price. Prices tend to improve for few hours and then down and keep repeating. Sideway to be precise, but I hope this isn't a bad start on a possible dip below $22K. I didn't expect it, but even if it happens during March which is known as not the best month for bitcoin price then we just have to be prepared.

Current market conditions may be great for day traders hoping for quick returns, but the risk seems bit higher as I find the market less profitable. Especially bitcoin, I don't think it will break $25K again this month.

gunhell16

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Quote from: dragonvslinux on February 21, 2023, 09:14:45 AM

With price currently testing $25K for the forth time in recent days, was curious on current market sentiment. Do you think $20K or $30K will happen next?

Personally I think if price can reclaim $25K then we will see $30K next, but otherwise if price drops below $23K then $20K becomes more likely again, as I think $21.5K will be less likely to hold as support again.

What are your thoughts? Will the bullish uptrend continue or will price get rejected by $25K resistance level and correct back to the downside?

At the current price value of Bitcoin, it has increased again by 23, 700$ plus in the market, it can probably reach 24200$ today.

It is really possible to play 23k$-25k$ the resistance it will move on the graph, this is based on my analysis in chart trading. But it's still hard to be complacent because we know that bitcoin is volatile. But it seems like we are entering the bullish phase little by little from my observation.

summonerrk

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A week has passed since the topic was created, but the situation has not changed much. The feeling that the price wants to test the level of 20 thousand dollars. Despite the fact that the majority (90 percent) considered that the price of bitcoin will rise to thirty thousand dollars. But I am sure that in any case, the price will grow to this level in the coming months.

Topic: What comes next for Bitcoin: $20K or $30K? (Read 543 times)