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

dragonvslinux

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Quote from: dragonvslinux on February 21, 2023, 10:14:45 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, 10:14:45 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 28, 2023, 12:20:52 AM

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, 02:21:06 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

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Quote from: 19Nov16 on March 05, 2023, 05:55:15 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%.

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Quote from: justdimin on February 28, 2023, 08:46:31 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, 03:21:39 PM

Quote from: dragonvslinux on February 27, 2023, 05:49:19 PM

Quote from: OgNasty on February 27, 2023, 04:39:47 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, 03:21:39 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, 05:49:19 PM

Quote from: OgNasty on February 27, 2023, 04:39:47 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, 06:32:21 PM

Quote from: dragonvslinux on February 27, 2023, 05:49:19 PM

Quote from: OgNasty on February 27, 2023, 04:39:47 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, 04:39:47 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 28, 2023, 12:20:52 AM

Quote from: maydna on February 23, 2023, 10:34:46 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, 10:34:46 AM

Quote from: bitterguy28 on February 23, 2023, 03:24:47 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, 05:49:19 PM

Quote from: OgNasty on February 27, 2023, 04:39:47 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, 04:39:47 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, 04:39:47 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, 04:39:47 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, 10:14:45 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.

Reid

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30k. Lets go! It had been going down on the recent days but I don't doubt the power of Bitcoin. It's just a manner of time before we see another bull to come. I can feel it, the economy seems to be getting better. Prices of daily necessities are going down so there's a lot of savings for our Bitcoin supporters to but more and increase the demand.
We just need to be patient as this will take time before we can feel the surge.

Ziskinberg

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Quote from: dansus021 on February 24, 2023, 10:09:27 PM

for now, 25K level is the crucial point but based on your chart if we can break and remain stable at 25K level it is not impossible to test the resistance of 30K maybe little bit impossible on this first Q1 to stable at above 30K since 31K is very high to break,

bitcoin previously test 31K level as support many times and this becomes a major resistance in my opinion but well see Wink

if we can break the $25k, the I would say that $30k is quite possible. But as we can see, the price of Bitcoin is still at $23k, and the uptrend motion of the market is really not enough to hold and keep the momentum upright. Reaching $25k seems not easy, yet I was optimistic that it will happen this 1st quarter of this year.

Maybe if we are badly affected by inflation, I believe that more investors will put their money into crypto and increase demand. Unfortunately, the situation isn't going great plus the unsettled conflict between Russia and Ukraine.

ivankoh

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I think the market sentiment isn't ready to break through the $25k boundary yet, the possibility of a 30k move up will have to wait for a stiff support at 22k4 or fail to break through to the next low of 20k, I guess if the market continues to go down directly at $20k, we need to wait more time for a stronger transition in the March. I think the momentum is there but it takes time and more work. The market is still pivoting to more extreme sentiment due to recent events.

wxa7115

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Quote from: dansus021 on February 24, 2023, 10:09:27 PM

for now, 25K level is the crucial point but based on your chart if we can break and remain stable at 25K level it is not impossible to test the resistance of 30K maybe little bit impossible on this first Q1 to stable at above 30K since 31K is very high to break,

bitcoin previously test 31K level as support many times and this becomes a major resistance in my opinion but well see Wink

25k is proving to be a level which is difficult to surpass, but given enough time this should happen, the decline we are experiencing while unexpected is not that relevant as the bears are failing to push the price downward that much as the demand for bitcoin is still strong.

So give it enough time and the price should go back to 24k and eventually new attempts to break away from the 25k level should happen again.

ilovealtcoins

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Although bitcoin and the market are reacting negatively after the news about PCE was not as expected, many rumors suggest that the Fed will continue to raise interest rates after inflation shows signs of picking up again. But I still believe bitcoin will not drop below 20k but will continue to rise to the 30k, wait and see what happens.

GreatArkansas

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$20,000 here is the nearest. I'll go with $20,000. The $20,000 level now is an extremely significant level for Bitcoin right now. If you take a look at last month or when we start to trading above the $20,000 level, it became strong support, multiple times Bitcoin tested it but it keeps bouncing above $20,000.
So for me, $20,000 is the strong level here plus its psychological support.

dansus021

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for now, 25K level is the crucial point but based on your chart if we can break and remain stable at 25K level it is not impossible to test the resistance of 30K maybe little bit impossible on this first Q1 to stable at above 30K since 31K is very high to break,

bitcoin previously test 31K level as support many times and this becomes a major resistance in my opinion but well see Wink

doomloop

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Quote from: ScamViruS on February 22, 2023, 02:40:33 PM

Quote from: DiMarxist on February 22, 2023, 01:14:56 PM

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.

The price is too unstable at the moment, it has dropped below $23k today, and as it seems, it might even go lower if we see another correction within a couple of days or so. If it manages to break above $25k from here, then we might see some interesting price actions entering the next week.

If I was to buy Bitcoin, I would still wait for some days before I get into it, or maybe I would buy some today when it dropped to $23k something, I think it was a pretty good price to buy a few sats.

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Quote from: tygeade on February 23, 2023, 10:48:40 AM

Quote from: ethereumhunter on February 23, 2023, 12:57:43 AM

It is true that the price drop is still relatively higher than the previous lowest price and at this time, the price can return to the $ 24K level. And hopefully, after yesterday's correction, the price can continue to rise to $ 30k. We are all still waiting for the price to increase step by step and enjoying the ups and downs of Bitcoin prices while trying to accumulate more bitcoin.

Basically it means that buyers are looking into it more than the sellers. As soon as it drops, people end up buying more and I am guessing that it is going to end up with a good situation that will be a lot higher than what we have been in a long time. I know that people are upset about the current situation because it is not going to be easy choice to keep buying, it has been a long time since we have been high so there are still a lot of people with anxiety about the price.

But if we keep allowing that type of fear to control our finance, then we are not going to be able to profit when the price inevitably goes up, which it will, there is no way around that. So buy when you can, before it is too high.

That's why we really have to be able to control ourselves in all situations so we won't be affected. Maybe buying at this time is not a good thing because the price trend is still declining, but who knows, it's only temporary and after a few hours, the price can reverse direction and immediately increase.

At least, we can try buying at this low price and holding it for a while to see where the market trend will go. And if the market trend continues to decline, we can prepare some money to buy again, but don't buy all-in because that's not recommended.

lionheart78

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Quote from: NeuroticFish on February 21, 2023, 10:45:52 AM

Quote from: dragonvslinux on February 21, 2023, 10:14:45 AM

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 am optimistic and I voted 30k. Clearly a cooldown will come again - sooner or later -, but we seem to jump into a FOMO-like atmosphere already (at least crypto Twitter seems to be there), and if it's so then the cooldown may only happen after 35-40k (and will be a bit painful/disappointing for some).

Well, if FOMO kicks in, I would say $35k - $40k is easy and we might see a change in the pattern and cycle of BTC. I am still unsure if the price would go up or down since there is no news to hype the market nor FUD the market.

Quote from: Quidat on February 23, 2023, 05:56:14 PM

Being positive isnt that bad but we should really be at least sticking into those realistic approach and ideas on which it wouldn't result into frustration or being annoyed or getting angry just because
the price didnt able to hit up on what you had that price in mind.This is why it would really be just that stick into those realistic approach because if we do see on how this market move and behaves,
then reaching out 30k isnt something that too easy to be done.Lets just focus on how to buy low and sell high and if you are into holding then its still good.
Not all people would really be that love on risks taking on dealing with volatility in active manner.

But we are talking about Bitcoin here and not just any ordinary stocks. We all know the Bitcoin market is crazy, can spike more than 100% in just a couple of days, or crash more than 50% in the same way too. So for now $30k is somehow reachable, just need a little push on the FOMO side.

Indeed not all people like to deal with high volatility but speculative merchants and investors do.

Quidat

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Quote from: maydna on February 23, 2023, 10:34:46 AM

Quote from: bitterguy28 on February 23, 2023, 03:24:47 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.

Being positive isnt that bad but we should really be at least sticking into those realistic approach and ideas on which it wouldn't result into frustration or being annoyed or getting angry just because
the price didnt able to hit up on what you had that price in mind.This is why it would really be just that stick into those realistic approach because if we do see on how this market move and behaves,
then reaching out 30k isnt something that too easy to be done.Lets just focus on how to buy low and sell high and if you are into holding then its still good.
Not all people would really be that love on risks taking on dealing with volatility in active manner.

el kaka22

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30k definitely looks quite possible these days. We are breaking barriers after barriers and it is looking quite good. I understand that 20k is more likely in the sense that we have gone back down to that before and we haven't been 30k for a long time now, it has been months and months since we reached that price so I understand the worry that we may not go there when there is 20k which we have been so many times before, but I think the direction is towards 30k these days.

I hope that I am not wrong for the sake of our investments, there are very few people shorting compared to all the people who are holding and price going up would be a lot better for the whole market.

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Quote from: ethereumhunter on February 23, 2023, 12:57:43 AM

It is true that the price drop is still relatively higher than the previous lowest price and at this time, the price can return to the $ 24K level. And hopefully, after yesterday's correction, the price can continue to rise to $ 30k. We are all still waiting for the price to increase step by step and enjoying the ups and downs of Bitcoin prices while trying to accumulate more bitcoin.

Basically it means that buyers are looking into it more than the sellers. As soon as it drops, people end up buying more and I am guessing that it is going to end up with a good situation that will be a lot higher than what we have been in a long time. I know that people are upset about the current situation because it is not going to be easy choice to keep buying, it has been a long time since we have been high so there are still a lot of people with anxiety about the price.

But if we keep allowing that type of fear to control our finance, then we are not going to be able to profit when the price inevitably goes up, which it will, there is no way around that. So buy when you can, before it is too high.

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Quote from: bitterguy28 on February 23, 2023, 03:24:47 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.

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Quote from: bitterguy28 on February 23, 2023, 03:24:47 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.

Only 1 week left until the end of February, and the expectation of reaching $ 30k before the end of the month is too high, without any big news, bitcoin has no chance of getting there. My prediction is that bitcoin will hit $ 30k before dropping to $ 20k, although bitcoin has increased significantly, but the buying power is still not high, so I think the shark needs to push bitcoin higher to create Fomo before it falls back.

Investors have become smarter, they are still very wary of what is going on, so if bitcoin drops now there will be no panic in the market or profits for the sharks. So I guess one more bullish wave is needed.

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Quote from: bitterguy28 on February 23, 2023, 03:24:47 AM

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

I don't think we can reach $30k at the end of the month. Selling pressure is still there and all technical indicators tell us that we should be fluctuating around $23k-$24k.

Quote from: bitterguy28 on February 23, 2023, 03:24:47 AM

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.

Yes, February is good but not as good as January. Currently the price is still on the resistance, it can get over $25k.

So really hard to see where we will end up at least this February, hopefully we can't go to $20k.

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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.

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Quote from: DiMarxist on February 22, 2023, 01:14:56 PM

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.

In the first sentence you say Bitcoin will go up at a price that doesn't make sense because the price you said in the first sentence was the price when Bitcoin was just born. And for now, especially this month you can expect Bitcoin to be priced at $26K because such a price seems much more logical for Bitcoin to go to than you would expect $30K to be in this week just so you can get rich in no time.

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Quote from: fzkto on February 22, 2023, 06:47:32 AM

Quote from: ethereumhunter on February 22, 2023, 05:11:18 AM

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.

It is true that the price drop is still relatively higher than the previous lowest price and at this time, the price can return to the $ 24K level. And hopefully, after yesterday's correction, the price can continue to rise to $ 30k. We are all still waiting for the price to increase step by step and enjoying the ups and downs of Bitcoin prices while trying to accumulate more bitcoin.

Quote from: Emitdama on February 22, 2023, 12:46:39 PM

Quote from: ethereumhunter on February 22, 2023, 05:11:18 AM

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.

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.

Of course, I like recovery and improvement after correction because I can return to profit if the price can turn around. The price can survive at $ 23K, not decrease too deep, and remain at $ 23K. And it turns out it is true. The price remains at $ 23K and after that, the price has increased again to $ 24K, as we saw yesterday. And the current market situation seems to start to improve and looks ready to penetrate a higher price.

Hopefully, they are ready now and already have a lot of Bitcoin accumulated since the lowest price yesterday. Yes, we are still waiting for Bull Run to arrive but we can buy Bitcoin again.

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Quote from: adaseb on February 22, 2023, 12:14:18 AM

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.

It's really hard and difficult to predict whether bitcoin will go to 30k and beyond first or dump down again to 20k and even below that price . By the way I believe that if bitcoin reaches 30'000$ then we may not see 20k ever.

There is a strong resistance at 25k and price has tested it three times in last few weeks but unable to break it. Even though we have all these positive news and economic numbers, the selling pressure is dominant over the buying pressure.

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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)

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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.

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Quote from: DiMarxist on February 22, 2023, 01:14:56 PM

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.

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Quote from: Oshosondy on February 22, 2023, 03:59:53 AM

Quote from: dragonvslinux on February 21, 2023, 10:14:45 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.

The RSI weekly candles is at 71 already which also indicates overbought market

What 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.

Quote from: Oshosondy on February 22, 2023, 03:59:53 AM

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.

Quote from: Oshosondy on February 22, 2023, 03:59:53 AM

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.

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Quote from: DanWalker on February 22, 2023, 04:21:31 AM

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.

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Quote from: DanWalker on February 22, 2023, 04:21:31 AM

Quote from: o48o on February 21, 2023, 04:43:58 PM

Quote from: dragonvslinux on February 21, 2023, 10:14:45 AM

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.

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.

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Quote from: fzkto on February 22, 2023, 06:47:32 AM

Quote from: ethereumhunter on February 22, 2023, 05:11:18 AM

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.

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.

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Quote from: ethereumhunter on February 22, 2023, 05:11:18 AM

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.

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.