As for this month and the next month, I can't tell what the price of bitcoin may be. Whether am to see bitcoin fall to $20k or keep maintaining this momentum price of $23k + price to $25k price. In any case, I believe that the price of bitcoin will continue to rise rather than decline below $23k to $30 by the conclusion of the second quarter of this year. The first and second quarters of this year are the correlation stage of bitcoin price($23k-$30k)
Topic: What comes next for Bitcoin: $20K or $30K? - page 3. (Read 541 times)
The current bitcoin price chart point further to an uptrend market force even though the price of Bitcoin has hit a strong resistant price benchmark of $25k, many factors have contributed to the market forces but that the buy order keeps getting higher we will gradually move to a less volatile zone and that is around 24k+ for a while before any possible break out of price.
-Because at the moment, bitcoin has gone beyond the price chart that will return to 20k or below and think that the price candle has been burned long ago and we can't return to that region again not now.
-Because at the moment, bitcoin has gone beyond the price chart that will return to 20k or below and think that the price candle has been burned long ago and we can't return to that region again not now.
I think maybe bitcoin will bull to $30 in anytime from now and,even me too praying, let bitcoin rise to $26k, if Bitcoin rise to$26k.Bitcoin reach $30k and if he blow $24k to $21,and it will go to $20k. One thing if Bitcoin reach $20k am not going to sell Bitcoin.But Bitcoin will be bull in the cap,so am expecting Bitcoin to rise to $30k in this week,for me to be rich.
Bitcoin has yet to break the $25k target strongly, which is why we are still seeing corrections in the market today. A strong breakout is definitely needed if the market is to go to $30k. Achieving this target this week is not important as we should see a healthy bounce in the market in the short term. However, Bitcoin's recent performance is giving traders confidence that momentum will return to the Bitcoin market in the coming days.
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.
The RSI weekly candles is at 71 already which also indicates overbought marketWhat settings are you using for RSI Weekly? Using standard settings with RSI length of 14, the RSI is at 56 (neutral) after reaching a peak just below bullish territory of 60.
So not sure where you got the idea of it being oversold unless modifying settings. The Weekly RSI hasn't been oversold since April 2021, nor bullish since November 2021.
Likewise the MA, EMA and other indicators will already would be indicating that a slight bear market can result this time, if the weekly candles are used for the analysis.
Indeed the Weekly MA 50 & 200 have formed a death cross which price is getting rejected by. However, the Daily has had a golden cross with MAs in bullish formation (20,50,200).
I wouldn't say it indicates a new bear market. It either indicates a correction on Daily time-frame or simply a continuation or the 15 month+ bear market on Weekly.
My opinion is that it is possible that $25000 would be the resistance for now and possibly that the market can fall to $20000 again. But I can be wrong because indicators can fail.
Based on today's price action I generally agree with this theory. It did look like price could breach $25K earlier this week, but now price is facing rejection.
There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.
I also don't expect bitcoin price to drop below $20K again, although it might. I hope over March bitcoin manages to hit $27K to $30K so $25K will be a solid support to hold on to. It was clear to me that was hope, but today I have seen correction which cost me -2.5% of my total portfolio value. Of course it's not fun, but for a monthly period I think I'm still making a good profit. 
I iam hoping for 20k as i think we need way more time to accumulate if we really want to moon, and if we hit 30k well get past it imho. And as we this is most likely going to be a bouncy launch anyway and i would rather see that volatility happening near 20k then in 50k as dropping from higher would be horrific for some alts
There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.
Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.
Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
The price is down a lot given the past ATH, but relative to the past bottom around 15k bitcoin is still trading high. If the support around 20k breaks, we could see bitcoin around 15k again. But I hope that doesn't happen again and 30k is a magnet. But something tells me that 20k will happen sooner.Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
The $15k support is broken so we'd be prepared for a dip lower, but it's still a long way off. Currently still holding above the $20k price tag, and the last resistance is above the $25k price area. Waiting to hit $30k as that is my target for the next month. Hopefully bitcoin can survive and can achieve it. I've been buying gradually when bitcoin was under $20k and now profits are showing, but I'll be holding it long term, it gets better. target new ATH will be achieved then I will sell it.
Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.
Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
You want to stay it on $23k? But what about a recovery and an increase? You don't like it? But like it or not, the price can still go on its own and there is no way for us regular individuals to stop it. I check the price and it have recovered on $24k now. This is great because it seems that it will continue to move forward to $26k and onwards because $25k is already broken.Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
Thanks for reminding people to be prepared but I think they are already well prepared now. Before we entered the year, many people have already stocked a lot of Bitcoins with them and they are now waiting for the bull run to arrived.
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Re: What comes next for Bitcoin: $20K or $30K?
We are done with $20k and the price continues to reach up to $25k last time. Our next stop would be $30k. If we won't get it within this month then we can surely get it next month. Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.
Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
The price is down a lot given the past ATH, but relative to the past bottom around 15k bitcoin is still trading high. If the support around 20k breaks, we could see bitcoin around 15k again. But I hope that doesn't happen again and 30k is a magnet. But something tells me that 20k will happen sooner. Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
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Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.
Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.
I iam hoping for 20k as i think we need way more time to accumulate if we really want to moon, and if we hit 30k well get past it imho. And as we this is most likely going to be a bouncy launch anyway and i would rather see that volatility happening near 20k then in 50k as dropping from higher would be horrific for some alts
There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.
Of course, because the price is going to be cheap again and we can all buy when the price is around $20,000. But the thing is that it looks like the bulls will continue this February or at least try to make it to $25,000 which is what others is pointing out, a big resistance.
Currently though, the price is like -4% in the last 24 hours. But still though, it's not yet confirmed is this is a reversal already and the price going back to $20,000 or not. So let's see, in the next 24 hours it might be confirmed though, or we will just punch our way to mid $24,500+.
I iam hoping for 20k as i think we need way more time to accumulate if we really want to moon, and if we hit 30k well get past it imho. And as we this is most likely going to be a bouncy launch anyway and i would rather see that volatility happening near 20k then in 50k as dropping from higher would be horrific for some alts
There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.
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.
I check the weekly candles for this, using the BB and RSI. The more the time range of the candle stick, the more can be the accuracy, but indicators may not be accurate at times.BB weekly candles are indicating overbought market already
The RSI weekly candles is at 71 already which also indicates overbought market
Likewise the MA, EMA and other indicators will already would be indicating that a slight bear market can result this time, if the weekly candles are used for the analysis.
My opinion is that it is possible that $25000 would be the resistance for now and possibly that the market can fall to $20000 again. But I can be wrong because indicators can fail.
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?
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 $25K resistance level and correct back to the downside?
I think that this month of March-April the value of Bitcoin may play between 24k$-26k$, because that's how I saw the movement of bitcoin in the month of February 23k$ to 25k$ if I look at the resistance in its trading chart graph.
But this is only based on my analysis and opinion on this matter. We know that bitcoin's value is unpredictable and no one knows what its value will be.
I think we might hit $30K before $20K. Reason why is because we got bad macro news for the past few weeks and you need to wait until it blows over. We had high unemployment, high CPI and high PPI. So it’s normal for the markets to react this way.
Now unless something major happens, I think it will blow over and start to rally again. I am pretty sure another fed hike is getting priced in. Maybe 50bps or so. So in a couple of weeks we might resume this upwards trend again.
Now unless something major happens, I think it will blow over and start to rally again. I am pretty sure another fed hike is getting priced in. Maybe 50bps or so. So in a couple of weeks we might resume this upwards trend again.
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?
about 20k, seems to be not happening this February as we are near closing , but 25-30k for me is the best in the Poll as this is the reality to come.Quote
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.
maybe today or tomorrow ? we will take this and starts making to 30k
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What are your thoughts? Will the bullish uptrend continue or will price get rejected by $25K resistance level and correct back to the downside?
Bullish will continue this is what i see in market.
It is indeed noticeable how Bitcoin has been repeatedly rejected by $25,000. That is a strong resistance right there. Of course Bitcoin has already successfully shattered it on certain exchanges but it just can't stay there for long. It always bounces downward immediately. To some exchanges $25,000 remains untouched. But I still think that $30,000 is more likely than $20,000. These attempts at $25,000 will eventually weaken that resistance. One of these days, it will finally be successful and $30,000 will come in handy.
I iam hoping for 20k as i think we need way more time to accumulate if we really want to moon, and if we hit 30k well get past it imho. And as we this is most likely going to be a bouncy launch anyway and i would rather see that volatility happening near 20k then in 50k as dropping from higher would be horrific for some alts
But we already have the time to accumulate to accumulate around $17,500-$19,000, and then the huge hit around $15,500 because of the FTX fiasco. And I think last year was the best time to accumulate in my opinion.
More likely $30k will be hit in the 1st-2nd quarter of this year. $25k might be the biggest resistance so far.
However, if we get pass the price this month or early March then the path is going to be clear for a $30k uptick.
It is very difficult to predict the current market conditions. However, currently the Bitcoin market has hovered around $25,000 several times. The market has moved down at the position of $25k. Although the market has moved back, it has stopped at $24,000. If there are many bad positions in the market, then the market can reach $20k. However, even if it returns within $20k, there will be a lot of bad news in the market. Otherwise, if the Bitcoin market is not coming below $24k, then we can say that the Bitcoin market can stay in the range of $30,000.
Nobody can predict the price of perfectly, so their is every tendency that the price of will accelerate in price more than thirty thousand (30k) and the same is applicable that the price can drop below twenty thousand (20k) so it's not the first time the price of Bitcoin experience increment and later decreased, so the continuities of the price rising is dependable on the determinant of the demand and supply in the market, and it's very clear that a positive information can influence the market of cryptocurrency and especially bitcoin and it's applicable for negative information that brings disvalues of Bitcoin price in the market, so it's vice versa.
This is why im not really that hassling or stressing out myself on minding on what would be the next price.Yes, i do made out neither long or short position but only on minimal which i dont care if it would be liquidated or not but it would be better if it would make out some profits.For long term holds then this is what im doing thats why im not really that stressing myself becausemarket is always been that unpredictable.There's no way that we could be able to predict on where it would be going.The price is really that trying to break 25k
but it had failed so many times.
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