Will Bitcoin Price Enter the $30k Area? - page 3.

doomloop

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Quote from: Pamadar on March 03, 2022, 08:11:39 AM

Quote from: sunsilk on March 03, 2022, 05:06:00 AM

You're speaking entirely for the crypto market which has a cycle.

But, we don't know if that's going to be followed for this year. Well, it should start to see some drops by this month but if it's not then that's good for all of us that just wants to see it staying at this good level it has right now.

Adoption is going to be unstoppable year by year and it's going nowhere but to increase its rate there.

That's how it should be looked at, the adoptions are happening and aftereffect of that is an increase in value,

though we still experiencing corrections and the sway is still unpredictable, but in the long run we will continue to see more and more
people that will involve themselves in this business.

With how the market works and with how we have seen the progress, just like how you percept increase in rate will take
place. It's just your timing that will give you decent benefits.

The after effect of every adoption is always going to be positive or can lead to an increase because new people are buying and it would be strange if this leads to a more fall? But, falls are expected after all the people have successfully entered because the price will also be high that time and that's the time for the old investors to sell their coins to secure a profit.

Corrections are done last time but the aftershocks are still there as we feel small dumps but this isn't life-threatening, no need to worry cause we are heading on the right direction this time. If crypto works as a cycle therefore what follows an increase is a decrease or vice versa.

Pamadar

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Quote from: sunsilk on March 03, 2022, 05:06:00 AM

You're speaking entirely for the crypto market which has a cycle.

But, we don't know if that's going to be followed for this year. Well, it should start to see some drops by this month but if it's not then that's good for all of us that just wants to see it staying at this good level it has right now.

Adoption is going to be unstoppable year by year and it's going nowhere but to increase its rate there.

That's how it should be looked at, the adoptions are happening and aftereffect of that is an increase in value,

though we still experiencing corrections and the sway is still unpredictable, but in the long run we will continue to see more and more
people that will involve themselves in this business.

With how the market works and with how we have seen the progress, just like how you percept increase in rate will take
place. It's just your timing that will give you decent benefits.

sunsilk

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Quote from: KennyR on March 02, 2022, 06:02:42 PM

Quote from: sunsilk on March 02, 2022, 04:34:08 PM

Quote from: Frengki_cisco on March 02, 2022, 08:33:04 AM

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

Every market have got its moves happening over a cyclic process. Cryptocurrency market too does the same, but it highly unpredictable against the traditional market. For now two year of bull run is possible, because the market move much depends on the adoption.

Over the months there is good adoption of bitcoin even when the surrounding market isn't that supportive. Price around $30k will be reached over the time, but it will recover in the short term as the moves will be happening out of fluctuation and not out of trend change.

You're speaking entirely for the crypto market which has a cycle.

But, we don't know if that's going to be followed for this year. Well, it should start to see some drops by this month but if it's not then that's good for all of us that just wants to see it staying at this good level it has right now.

Adoption is going to be unstoppable year by year and it's going nowhere but to increase its rate there.

24Kt

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Quote from: KennyR on March 02, 2022, 06:02:42 PM

Quote from: sunsilk on March 02, 2022, 04:34:08 PM

Quote from: Frengki_cisco on March 02, 2022, 08:33:04 AM

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

Every market have got its moves happening over a cyclic process. Cryptocurrency market too does the same, but it highly unpredictable against the traditional market. For now two year of bull run is possible, because the market move much depends on the adoption.

Over the months there is good adoption of bitcoin even when the surrounding market isn't that supportive. Price around $30k will be reached over the time, but it will recover in the short term as the moves will be happening out of fluctuation and not out of trend change.

With what is going on between Russia and Ukraine, I am seeing that there will be more adoption in crypto. As we have seen, a lot of donations are going to Ukraine via crypto. Because for one, it is one of the fastest way to send money without disclosing your identity. People are now seeing the benefits of transacting crypto, and I think, more and more users will try to look at crypto market. And the fees as well is relatively cheap. So in my opinion, the price will increase in the coming months. Though correction will be a part of this market, but we are heading to very good adoption.

KennyR

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Quote from: sunsilk on March 02, 2022, 04:34:08 PM

Quote from: Frengki_cisco on March 02, 2022, 08:33:04 AM

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

Every market have got its moves happening over a cyclic process. Cryptocurrency market too does the same, but it highly unpredictable against the traditional market. For now two year of bull run is possible, because the market move much depends on the adoption.

Over the months there is good adoption of bitcoin even when the surrounding market isn't that supportive. Price around $30k will be reached over the time, but it will recover in the short term as the moves will be happening out of fluctuation and not out of trend change.

sunsilk

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Quote from: Frengki_cisco on March 02, 2022, 08:33:04 AM

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

Wong Gendheng

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Quote from: Frengki_cisco on March 02, 2022, 08:33:04 AM

Quote from: mattujusuruga on January 07, 2022, 12:46:22 PM

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

If bitcoin goes into the $25k area then I'm sure it will be difficult to go up and maybe the recovery will take a long time, the other big impact of course will be a lot of altcoins dying and maybe the project development won't be as massive as it is today, but I'm sure the bitcoin price is between $40k to $50k will last a long time.

Frengki_cisco

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Quote from: mattujusuruga on January 07, 2022, 12:46:22 PM

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Renampun

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Quote from: 1CentAlsoWorthForMe on February 27, 2022, 11:58:03 AM

Quote from: bots1 on February 25, 2022, 07:55:00 AM

I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

If Fed keeps increasing rates we might see BTC drop to 30 K. And if FEDs increase rates by 50 BPM in mid of march, There is more probability to BTC to test 30K level.

Quote

Williams, who serves as vice chairman of the Federal Open Market Committee (FOMC), said the US central bank could slow down or move faster. "But I don't see the need to do that (raise interest rates by a large amount) in the first place," he said.

I am pessimistic that the FED will raise interest rates in March because many high-ranking officials have rejected it...

Apart from that, there is no guarantee that an increase in interest rates from FED will cause the Bitcoin price to fall below $30k. Now investors are not so worried about the interest rate issue because they definitely will hodl their BTC assets.

1CentAlsoWorthForMe

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Quote from: bots1 on February 25, 2022, 07:55:00 AM

I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

If Fed keeps increasing rates we might see BTC drop to 30 K. And if FEDs increase rates by 50 BPM in mid of march, There is more probability to BTC to test 30K level.

bots1

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I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

1CentAlsoWorthForMe

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I believe bitcoin's price will be able to reach $30,000. The current bitcoin price is approximately $37k+, whereas the prior week's price was around $36-38k+. Bitcoin's price has dropped a little this week, and it's still dropping. Because people are constantly witnessing the dump and thinking that a major bear season is approaching, those numbers are quite likely to be achieved. We may see what happened previously, where a huge fall occurs and a protracted bear market season occurs. I'm hoping that bitcoin's price will rise and recover quickly this year.

tbct_mt2

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Quote from: StreakW on February 24, 2022, 07:09:19 AM

In my opinion, although bitcoin in the last few days has experienced a very deep price correction to date, it will not drop to the $30k price level. Indeed the price of bitcoin had dropped to the level of $ 35k at this time, but I believe the current price decline will not last long and the price of bitcoin will rise back to the level of $ 40k. Therefore I believe a bull market is coming soon and bitcoin price will rise again significantly in the next few months.

We don't know whether it will happen and when it will happen.

There is some on-chain analytics for you from Glassnode Insights. We can see another capitulation from short term holders and Bitcoin will move to long term holders who have averaged price from $18k to $29k. Long term holders will not shake their Bitcoin if it falls to that range but most of short term holders will do.

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If we say it is impossible to go down to $35k or $30k, sometimes it can go down because we also see the market situation has not recovered.
But I see today's bitcoin price is still touching $43,810.8 and the current price is also still making us nervous because it can be expected to drop to $40k.

Right now the bitcoin price has dropped to $43,000 from its highest price in November 2021, now I think bitcoin has experienced a slight price recovery compared to a few days ago which reached its lowest point of decline at $41,000, the bitcoin price correction that is still happening allows the bitcoin price to return improving in the next few weeks, so I think now it is the right move to buy bitcoin in the market, because bitcoin is likely to recover in price once the market improves.

I think the price will be somewhat lows of $40k and then will go as high as $43k and that's it.

We are already in the dip from the last all time high and going below and hitting $30k might sent another panic in the market and there could be selling pressures again. So hopefully the price just remain like this, or just trade sideways and hope that we will have a break out run so that we will see some semblance of improvement to mid $40k.

At least though, we are just above the waters somewhat.

$40k is holding and we have been in this price for the whole month, so I guess the bulls are defending this price and who knows, a possible break out run in the first quarter.

Nevertheless, we should be watching the price right now, we all know a bullish run, but chances are the bears will likely take over the market, just saying.

Depends on the market sentiment, whether today and next will define the bulls or even further worsen the market conditions, but if you pay attention to the market scenario from the beginning of the year, the possibilities for healing and reaching the green line are quite open, so be patient to achieve all of them and most importantly we are not reckless and take wrong actions in the current conditions.

I think market sentiment will continue until the front round, recovery conditions have not been seen until now, to achieve a difficult green line for this month, in market conditions like this, the most appropriate step is to wait for recovery, because the coin in the top 10 has no sign Improved, than at greater risk, it is more appropriate to wait until the market returns to normal.

While waiting for the market to return to the green line, it is better to buy coins that have fundamentals, correction conditions must be maximized in purchasing several coins, one of which may be buying coins in the top 10 with careful consideration and analysis, it is impossible for the market to continue to be corrected, because there comes a time when we can take advantage of the recovery by investing in fundamental coins, then being patient without doing anything will not pay off either.

I want to know what fundamental coins that you mentioned are like what, true correction conditions are the right steps to make coin purchases, but the coins that are worth buying must be based on good criteria and able to provide a new ATH achievement when the market returns to the green line, coins on The top 10 is also not necessarily guaranteed to reach what we discussed, I think it is difficult to recognize coins that can provide a new ATH achievement?

I think coins that have fundamentals are not far from the top 10 coinmarketcaps, although not all of them have them, but coins that have fundamentals usually have a good stability value in the market, the correction phase is not a source of reference for now, the right criteria to mention are bitcoin, ethereum and BNB, looking at 2021, bitcoin was able to hit the new ATH twice, that's why I mentioned bitcoin, ethereum and BNB.

StreakW

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In my opinion, although bitcoin in the last few days has experienced a very deep price correction to date, it will not drop to the $30k price level. Indeed the price of bitcoin had dropped to the level of $ 35k at this time, but I believe the current price decline will not last long and the price of bitcoin will rise back to the level of $ 40k. Therefore I believe a bull market is coming soon and bitcoin price will rise again significantly in the next few months.

kotajikikox

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Quote from: Epaper on February 02, 2022, 10:13:16 AM

Quote from: mattujusuruga on January 07, 2022, 12:46:22 PM

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I think, if refer to your chart and until now the bitcoin price is still forming a lower low then there is a high probability that the bitcoin price will enter the $35k area. It is also possible that if this scenario of your chart pattern occurs, the price of bitcoin may fall again at $30k because it forms a head and shoulder pattern. But I don't think we're going to have a long winter because after dropping to that price level, the bitcoin price will rebound at least back to the $50k level again.

the latter part of your post seems to be happening now because yeah we are heading to 45k and if this broken ? then 50k will be our next stop but what is good now
are the altcoins is making their way up more than how much Bitcoin climbs.
meaning investors are not only putting their funds inside bitcoin but segregating to more altcoins as well, if this continues then maybe we will be back to 2 trillion capitalization.

lizarder

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Quote from: lizarder on January 20, 2022, 05:25:11 AM

Quote from: Dave1 on January 20, 2022, 12:39:22 AM

Quote from: btc_angela on January 19, 2022, 07:44:43 AM

Quote from: poldanmig on January 19, 2022, 07:19:32 AM

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If we say it is impossible to go down to $35k or $30k, sometimes it can go down because we also see the market situation has not recovered.
But I see today's bitcoin price is still touching $43,810.8 and the current price is also still making us nervous because it can be expected to drop to $40k.

Right now the bitcoin price has dropped to $43,000 from its highest price in November 2021, now I think bitcoin has experienced a slight price recovery compared to a few days ago which reached its lowest point of decline at $41,000, the bitcoin price correction that is still happening allows the bitcoin price to return improving in the next few weeks, so I think now it is the right move to buy bitcoin in the market, because bitcoin is likely to recover in price once the market improves.

I think the price will be somewhat lows of $40k and then will go as high as $43k and that's it.

We are already in the dip from the last all time high and going below and hitting $30k might sent another panic in the market and there could be selling pressures again. So hopefully the price just remain like this, or just trade sideways and hope that we will have a break out run so that we will see some semblance of improvement to mid $40k.

At least though, we are just above the waters somewhat.

$40k is holding and we have been in this price for the whole month, so I guess the bulls are defending this price and who knows, a possible break out run in the first quarter.

Nevertheless, we should be watching the price right now, we all know a bullish run, but chances are the bears will likely take over the market, just saying.

Depends on the market sentiment, whether today and next will define the bulls or even further worsen the market conditions, but if you pay attention to the market scenario from the beginning of the year, the possibilities for healing and reaching the green line are quite open, so be patient to achieve all of them and most importantly we are not reckless and take wrong actions in the current conditions.

I think market sentiment will continue until the front round, recovery conditions have not been seen until now, to achieve a difficult green line for this month, in market conditions like this, the most appropriate step is to wait for recovery, because the coin in the top 10 has no sign Improved, than at greater risk, it is more appropriate to wait until the market returns to normal.

While waiting for the market to return to the green line, it is better to buy coins that have fundamentals, correction conditions must be maximized in purchasing several coins, one of which may be buying coins in the top 10 with careful consideration and analysis, it is impossible for the market to continue to be corrected, because there comes a time when we can take advantage of the recovery by investing in fundamental coins, then being patient without doing anything will not pay off either.

Epaper

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Quote from: mattujusuruga on January 07, 2022, 12:46:22 PM

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I think, if refer to your chart and until now the bitcoin price is still forming a lower low then there is a high probability that the bitcoin price will enter the $35k area. It is also possible that if this scenario of your chart pattern occurs, the price of bitcoin may fall again at $30k because it forms a head and shoulder pattern. But I don't think we're going to have a long winter because after dropping to that price level, the bitcoin price will rebound at least back to the $50k level again.

btc78

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What about now that the area is 30k , should there be another thread asking if "Will Bitcoin Price enter the $20k Area" ?

because this is the entire situation now and yes weeks after this thread it happens maybe 20k is also possible?(In which I really love to happen lol)

Quote from: STT on January 24, 2022, 06:58:38 PM

Quote from: jamkesmas on January 20, 2022, 10:34:26 AM

I'm with a cycle that usually happens every 4 years, I think bitcoin will touch 30 thousand, it could even be under 30 thousand.

If we are in that larger cycle of prices then the full range would be down to 20k I presume. However for it to happen all at once is not normally how it occurs, there's often a bounce along the way and that continued series of lower highs eventually leads to a multi year low. There is the idea of war possible and FED actions but still it appears to have moved too much imo

That is also why i wanted a new thread or revision of this title to 20k usd now .

STT

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Quote from: jamkesmas on January 20, 2022, 10:34:26 AM

I'm with a cycle that usually happens every 4 years, I think bitcoin will touch 30 thousand, it could even be under 30 thousand.

If we are in that larger cycle of prices then the full range would be down to 20k I presume. However for it to happen all at once is not normally how it occurs, there's often a bounce along the way and that continued series of lower highs eventually leads to a multi year low. There is the idea of war possible and FED actions but still it appears to have moved too much imo

Topic: Will Bitcoin Price Enter the $30k Area? - page 3. (Read 1430 times)