Will bitcoin dump below $30,000 this week? - page 5.

elisabetheva

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Quote from: ultrloa on June 10, 2021, 06:13:39 PM

Quote from: mhine07 on June 09, 2021, 07:12:36 PM

Quote from: stadus on May 23, 2021, 08:52:32 AM

It's been bearish for bitcoin thus far, and now it slowly going down again. We hit $30k in the past few days and it seems we are going back to that level again. The price is currently at $32,900 per http://preev.com/.. and the price is descending.

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

As days goes by bitcoin price suddenly goes down and its possible that it will break down under $30k it its value. Even if this happens it will surely bounce back in value we all have to do is wait just like before when bitcoin price crashes and bounce back higher in value after a few years.

El Salvador saves Bitcoin bearish trend right now and it's good thing to see Bitcoin recovers up again. Maybe we can see it more grind and recovers back at 40,000 let's just see in next few days if no fuds came we can see a bounce back in future. This El Salvador came in perfect time and maybe other country will follow after this.

If you look at the bitcoin situation after a deep correction it doesn't seem that bitcoin to move down to below $30K, only 2x in a month bitcoin fell close to $30K was at $31K-$32K and after that never experienced again and remained calm in the range it seemed at a fairly stable figure in the $33K-$40K range. hopefully this will continue to be done until there is momentum from bitcoin will be able to rise again.

hopefully what you say about El Salvador saves Bitcoin bearish trend right now, will have a good impact on the direction of the revival of bitcoin. I hope that what is bad news even though it still exists will not shake investors to move to take actions that are actually detrimental, with provide benefits for people who are looking for opportunities for it. let this be an experience that doesn't need to happen again and don't pay heed to these people anymore and don't be given another chance to do it for personal gain.

ultrloa

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Quote from: mhine07 on June 09, 2021, 07:12:36 PM

Quote from: stadus on May 23, 2021, 08:52:32 AM

It's been bearish for bitcoin thus far, and now it slowly going down again. We hit $30k in the past few days and it seems we are going back to that level again. The price is currently at $32,900 per http://preev.com/.. and the price is descending.

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

As days goes by bitcoin price suddenly goes down and its possible that it will break down under $30k it its value. Even if this happens it will surely bounce back in value we all have to do is wait just like before when bitcoin price crashes and bounce back higher in value after a few years.

El Salvador saves Bitcoin bearish trend right now and it's good thing to see Bitcoin recovers up again. Maybe we can see it more grind and recovers back at 40,000 let's just see in next few days if no fuds came we can see a bounce back in future. This El Salvador came in perfect time and maybe other country will follow after this.

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Quote from: onecall123 on June 10, 2021, 09:22:11 AM

Yes, its conceivable that it will break down under $30k, just two days back Bitcoin close enough this resistance. However, Bitcoin shoots to 38K earlier today and likely it will continue pump and dump scheme. It implies the big boys institutional smart money is moving in because they already know the game. what happened right here looks really fishy.

It looks like Bitcoin is in good shape and is bullish in lower time frames after testing the $32000 support level. The long downtrend line around $38,100 is the major resistance. As I see it, a new attempt to break the descending resistance level is underway. If BTC breaks the downtrend line and hold above it we will see a retest of the $39,500-$40,000 area.

onecall123

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Yes, its conceivable that it will break down under $30k, just two days back Bitcoin close enough this resistance. However, Bitcoin shoots to 38K earlier today and likely it will continue pump and dump scheme. It implies the big boys institutional smart money is moving in because they already know the game. what happened right here looks really fishy.

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Quote from: mhine07 on June 09, 2021, 07:12:36 PM

Quote from: stadus on May 23, 2021, 08:52:32 AM

It's been bearish for bitcoin thus far, and now it slowly going down again. We hit $30k in the past few days and it seems we are going back to that level again. The price is currently at $32,900 per http://preev.com/.. and the price is descending.

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

As days goes by bitcoin price suddenly goes down and its possible that it will break down under $30k it its value. Even if this happens it will surely bounce back in value we all have to do is wait just like before when bitcoin price crashes and bounce back higher in value after a few years.

now the bitcoin price is starting to increase slightly again, this happened due to the positive sentiment that occurred after the el salvador parliament had approved the adoption of bitcoin as a whole in the country, in my opinion the fluctuating price of bitcoin makes us not have to worry if bitcoin experiences a price decline because when there is The positive sentiment that occurs will certainly push the bitcoin price back up, as you said it's better for us to wait and not panic at all when the bitcoin price drop Grin

.

mhine07

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Quote from: stadus on May 23, 2021, 08:52:32 AM

It's been bearish for bitcoin thus far, and now it slowly going down again. We hit $30k in the past few days and it seems we are going back to that level again. The price is currently at $32,900 per http://preev.com/.. and the price is descending.

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

As days goes by bitcoin price suddenly goes down and its possible that it will break down under $30k it its value. Even if this happens it will surely bounce back in value we all have to do is wait just like before when bitcoin price crashes and bounce back higher in value after a few years.

STT

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Looks like it can break a downtrend here, also the weekly average is about here and confirming above both on 4hr or daily bars would seem we continue positively until repeating a challenge to greater resistance over head. I'd also speculate we are within a range of prices and recent lows were the bottom of that box. We are rising but have yet to break range especially just proving a repeat of price action in this area, this does make us more positive then many speculated and a clear downtrend to continue futher downwards is not yet apparent.

Hippocrypto

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Quote from: stadus on May 23, 2021, 08:52:32 AM

It's been bearish for bitcoin thus far, and now it slowly going down again. We hit $30k in the past few days and it seems we are going back to that level again. The price is currently at $32,900 per http://preev.com/.. and the price is descending.

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

As the days went too crucial, that doesn't come to a point that below $30k has been initiated. But the real problem right now is with several alts who've been following through bitcoin's milestone. It had been bloody for most weeks and I don't see any good signs for now, though I hope positively but fears and worries couldn't be stop.

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Quote from: cabron on June 09, 2021, 05:36:48 PM

Quote from: smyslov on June 09, 2021, 05:24:48 PM

Quote from: Baofeng on June 04, 2021, 05:32:08 PM

I've said everyone should learn to accept that it might take some time before the price goes up again and recover. So yes, $30k might be the new norm for now.

We need a lot of big news or whales to push the price up, so far it's been a month of Bitcoin trading at $30k level I don't want to call it disappointing, even though some people are calling it that way that Bitcoin stops moving when it hit the $50k level, but we are coming from a huge $5k crash just last year and it's not disappointing for people who bought at that level who are still holding.

It retried to break that 30K support again but I guess the South American countries are buying the opportunity this time that made the bounce. If it's going to keep coming up this time, then the bullish market will continue.

The El Salvador president had made a domino effect after they settle Bitcoin being a legal tender. Quite an extraordinary move of a small country but did a ripple effect.

Yes that is good to hear and very welcoming developed for bitcoin enthusiast. At least we have some positive news to come after an almost months of reading negative and FUD around crypto and mainstream media.After going down to $32k now the price has bounce back to $37k already, and a 10%++ gain in the last 24 hours or so. Proving after all that bitcoin is resilient and it will have a good bounce, so people shouldn't be disappointed, maybe the bullish sentiments are back.

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Quote from: smyslov on June 09, 2021, 05:24:48 PM

Quote from: Baofeng on June 04, 2021, 05:32:08 PM

I've said everyone should learn to accept that it might take some time before the price goes up again and recover. So yes, $30k might be the new norm for now.

We need a lot of big news or whales to push the price up, so far it's been a month of Bitcoin trading at $30k level I don't want to call it disappointing, even though some people are calling it that way that Bitcoin stops moving when it hit the $50k level, but we are coming from a huge $5k crash just last year and it's not disappointing for people who bought at that level who are still holding.

It retried to break that 30K support again but I guess the South American countries are buying the opportunity this time that made the bounce. If it's going to keep coming up this time, then the bullish market will continue.

The El Salvador president had made a domino effect after they settle Bitcoin being a legal tender. Quite an extraordinary move of a small country but did a ripple effect.

smyslov

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Quote from: Baofeng on June 04, 2021, 05:32:08 PM

I've said everyone should learn to accept that it might take some time before the price goes up again and recover. So yes, $30k might be the new norm for now.

We need a lot of big news or whales to push the price up, so far it's been a month of Bitcoin trading at $30k level I don't want to call it disappointing, even though some people are calling it that way that Bitcoin stops moving when it hit the $50k level, but we are coming from a huge $5k crash just last year and it's not disappointing for people who bought at that level who are still holding.

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Quote from: philipma1957 on June 05, 2021, 07:18:13 PM

I corrected your title question.

your title adds to google's ability to look really bad for BTC.

haha.. that's right, but everyone has their own call on bitcoin, someone could be bullish while the other is bearish. It's hard to know if someone is telling based on the real basis because if we invest in bitcoin all our predictions would be biased.

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Quote from: anti-dot on June 05, 2021, 06:03:13 PM

Quote from: South Park on June 05, 2021, 05:27:00 PM

Quote from: mhine07 on June 03, 2021, 07:25:59 PM

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

Are you sure? 30k will have a lot of resistance but it is possible that whales push it down that far causing panic in the market while creating their own buy orders lower. I would say below 30k is possible. I know the post was from last week but now we see that Bitcoin struggles a good bit more than last week or at least at this level.
I wouldn't like it though because as we all know it has a lot of influence on all other coins as well. That's annoying every time when Bitcoin drops all your other crypto assets are in shambles as well.

There is nothing that we can claim is a sure thing in this market but we must remember that whales are not completely united, if a set of whales decided to crash the price there could always be another set of whales that could decide to buy those coins for a discount and prevent the crash, it is not like they will do this for the market, they will do it out of their own self-interest which is a way better motivator than anything we could try to do to motivate them to defend that level.

philipma1957

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I corrected your title question.

your title adds to google's ability to look really bad for BTC.

Dave1

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Quote from: bitzizzix on June 05, 2021, 06:40:50 PM

Bitcoin is still in the consolidation phase, but if the $37,000 level doesn't gain momentum then bitcoin's position will either deteriorate or will fall back below that price and but I don't think it will reach below $30,000.
surely many are disappointed with the current movement of bitcoin and yesterday the bitcoin price rose again and did not break the $40,000 price and if it is reached there is a possibility that it will continue to rise, there is no choice but to hold it firmly, don't panic and stay patient.
and a lot of bad news for bitcoin that might affect bitcoin's decline which is hard to bounce back.

Still 50/50 though, if the consolidation didn't have a break out run to $40k-$42k, then possible that the price can go down below $30k. But if there is a break out run, then we might see some bounce and then probably resuming the bull run.

So currently, it's a wait and see mentality for some investors, maybe they just wanted to be cautious and still looking for indication that a possible push might happen.

ultrloa

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Quote from: CaVO32 on June 05, 2021, 06:07:51 PM

Quote from: anti-dot on June 05, 2021, 06:03:13 PM

Quote from: South Park on June 05, 2021, 05:27:00 PM

Quote from: mhine07 on June 03, 2021, 07:25:59 PM

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

Are you sure? 30k will have a lot of resistance but it is possible that whales push it down that far causing panic in the market while creating their own buy orders lower. I would say below 30k is possible. I know the post was from last week but now we see that Bitcoin struggles a good bit more than last week or at least at this level.
I wouldn't like it though because as we all know it has a lot of influence on all other coins as well. That's annoying every time when Bitcoin drops all your other crypto assets are in shambles as well.

It is really hard to see if your portfolio is going down, however, if you are here for long-term, just think that this phase will also pass. And from where it sits, it seems the stronghold for above 30k is good. But in this market, everything is possible, so yeah, it may go below 30k before we know it. And if that happens, don't panic, as you may execute decisions that you may regret later on. As early as now, you should be ready for that situation, and list possible scenarios that you know you can take advantage of.

If you keep looking at it from time to time for sure you will get depressed especially the market still going crazy better turn off your trackers for a while to forget what you have if you are for long term but if you are for short term better do some cut loss and wait for better position to enter back the market again. Seems bitcoin will stay at this situation for quite long time so expect that w can only see fewer pump and dump schemes.

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Bitcoin is still in the consolidation phase, but if the $37,000 level doesn't gain momentum then bitcoin's position will either deteriorate or will fall back below that price and but I don't think it will reach below $30,000.
surely many are disappointed with the current movement of bitcoin and yesterday the bitcoin price rose again and did not break the $40,000 price and if it is reached there is a possibility that it will continue to rise, there is no choice but to hold it firmly, don't panic and stay patient.
and a lot of bad news for bitcoin that might affect bitcoin's decline which is hard to bounce back.

CaVO32

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Quote from: anti-dot on June 05, 2021, 06:03:13 PM

Quote from: South Park on June 05, 2021, 05:27:00 PM

Quote from: mhine07 on June 03, 2021, 07:25:59 PM

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

Are you sure? 30k will have a lot of resistance but it is possible that whales push it down that far causing panic in the market while creating their own buy orders lower. I would say below 30k is possible. I know the post was from last week but now we see that Bitcoin struggles a good bit more than last week or at least at this level.
I wouldn't like it though because as we all know it has a lot of influence on all other coins as well. That's annoying every time when Bitcoin drops all your other crypto assets are in shambles as well.

It is really hard to see if your portfolio is going down, however, if you are here for long-term, just think that this phase will also pass. And from where it sits, it seems the stronghold for above 30k is good. But in this market, everything is possible, so yeah, it may go below 30k before we know it. And if that happens, don't panic, as you may execute decisions that you may regret later on. As early as now, you should be ready for that situation, and list possible scenarios that you know you can take advantage of.

anti-dot

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Quote from: South Park on June 05, 2021, 05:27:00 PM

Quote from: mhine07 on June 03, 2021, 07:25:59 PM

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

Are you sure? 30k will have a lot of resistance but it is possible that whales push it down that far causing panic in the market while creating their own buy orders lower. I would say below 30k is possible. I know the post was from last week but now we see that Bitcoin struggles a good bit more than last week or at least at this level.
I wouldn't like it though because as we all know it has a lot of influence on all other coins as well. That's annoying every time when Bitcoin drops all your other crypto assets are in shambles as well.

South Park

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Quote from: mhine07 on June 03, 2021, 07:25:59 PM

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

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