Will Bitcoin Price Enter the $30k Area? - page 5.

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Quote from: Tumanggor on January 17, 2022, 05:44:56 PM

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

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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.

the whales have been waiting for the dip, it went down more drastically in fact it was very profitable for them

but imo bitcoin to $30k is a phenomenon that will never happen again

even though I don't really believe in Elon Musk but he once said "the price of bitcoin will not drop drastically, if it drops drastically then many will buy it"

But we can never say never here. The likelihood of going down to $30k may be low, but we still need to prepare if this situation may happen in the future. We can never assure things will happen according to our expectations. We have seen a lot of ups and downs already, so by now, you already have in mind what to do with your funds to take advantage of the market.

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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.

the whales have been waiting for the dip, it went down more drastically in fact it was very profitable for them

but imo bitcoin to $30k is a phenomenon that will never happen again

even though I don't really believe in Elon Musk but he once said "the price of bitcoin will not drop drastically, if it drops drastically then many will buy it"

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Quote from: romero121 on January 16, 2022, 11:05:37 AM

Quote from: molsewid on January 14, 2022, 09:27:52 AM

Quote from: Kemarit on January 14, 2022, 12:39:10 AM

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

If $40000 support gets broken automatically the market will experience a bear market atleast for some time period. Today it has tested $43k, and if this trend continues and broke the $45k there is possible chances of price touching $50k. As said people are more bullish about the market touching great price by this year. Fortunately there is more reasons for a bearish trend than a bullish move.

Right. I see more chances for bitcoin to drop again and fall into its bearish season as i see the market is slowly facing the bears already. Even if bitcoin will break $45k, i won't still be convince that we are heading again to the bullish season because i know majority here are already preparing to make buy orders since the market is giving signs of bearish. So if the bear season is finally here, i guess it will be very possible for bitcoin to go down to $30k level that gives everyone a very good opportunity to buy bitcoin.

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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.

It is possible that bitcoin could enter that area but I doubt it will remain there, the bears could push the price down for some time but they simply lack the strength to do something like that for a long amount of time, besides with institutional investors now being part of the market it is likely that if they see a price of bitcoin that low they will buy as many coins as possible, increasing the demand and decreasing the supply in the process, which will in return increase its price as well.

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Quote from: molsewid on January 14, 2022, 09:27:52 AM

Quote from: Kemarit on January 14, 2022, 12:39:10 AM

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

If $40000 support gets broken automatically the market will experience a bear market atleast for some time period. Today it has tested $43k, and if this trend continues and broke the $45k there is possible chances of price touching $50k. As said people are more bullish about the market touching great price by this year. Fortunately there is more reasons for a bearish trend than a bullish move.

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Quote from: molsewid on January 14, 2022, 09:27:52 AM

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

Better to have that kind of mindset where you are willing and ready to wait. This kind of market sway creates lots of fears.

We don't know how low bitcoin can go and the same thing with how high it can proceed once the
market starts to recover and bounces back.

Opinion based which answerable with your own understanding and belief inside this industry, better not to rush your
decision making and allow some time before you do anything.

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Quote from: Kemarit on January 14, 2022, 12:39:10 AM

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

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Quote from: ranaprime on January 13, 2022, 03:54:24 PM

Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

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Quote from: ranaprime on January 13, 2022, 03:54:24 PM

Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

but now we are having another reddish market and seems like this near to come
as it was the system happens since late November 2021 , when there will be a small pump then will dump high and happens continuously till now.
so be aware and be ready of this because any moment your investment will come down and if you are willing to long hold then never worry of this.

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Quote from: ?? on ??

I am not sure in the next two months Bitcoin will experience an increase, the correction phase from the end of 2021 until now has not recovered completely, that means the opportunity for Bitcoin is very small to rise, but for the long term, I think right now you can buy Bitcoin, then save up to new ATH, but you have to be patient and don't panic in the condition of the correction that will be greater later, because after that bitcoin will be pumped at a much higher price, be prepared to achieve it?

No, bitcoin still has the opportunity to rise, even if it is not this year. If you check on the history, the recovery phase of bitcoin needs a long time. As you can see, after 2017-2018, the price is not rising so fast to back to $20k. Yes, we need to be patient and not panic while accumulating more bitcoin by buying at a low price. After bitcoin reached $43k yesterday, this day, bitcoin gets another correction and makes the price is down. So it proves that the recovery phase still needs time and make the price rise slowly but it will be at the last ATH soon.

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You asked a question that no one can answer. The price of crypto currencies are unpredictable. Like look at the chart you have given. According to you the price "may" go down to $30k if the trend continues. But it didn't. You see? The price went up above $43k. So it doesn't follow any specific trends and are always random/unpredictable. Different events can trigger bear/bullish market that goes against trend. Look at all those articles we have been seeing when the price was dropping. Everyone was saying the price will go below $40k and bitcoin is going to crash very badly. It didn't happen. So stop depending on those "likely" factors.

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Quote from: ranaprime on January 13, 2022, 03:54:24 PM

Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

Bitcoin is still unstable at this time so chances are, it may continue to drop or it may surge its price again that could lead to its new ATH. But hitting the $30k area i think is still very possible especially if negative news will hit the market again and will leave a negative impact on bitcoin and altcoins. But having this price is not really bad at all since it will be the best price for bitcoin that may attract a lot of investors to enter in the market.

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Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

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yes I also think so, if the price of bitcoin falls below $40k it can cause panic selling and will cause a sharper price decline. if it really happens most likely in the near future the price of bitcoin will drop to the $30k support area. but currently the bitcoin price is still holding above $40k and the last few days there has been a small-scale price recovery and caused the bitcoin price to be slightly pushed up away from the $40k area. but the downward pressure is still very strong and it is unlikely that this small-scale price recovery will be able to push bitcoin to reach $45k.

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Quote from: pooya87 on January 13, 2022, 03:10:12 AM

Quote from: ?? on ??

I am not sure in the next two months Bitcoin will experience an increase, the correction phase from the end of 2021 until now has not recovered completely, that means the opportunity for Bitcoin is very small to rise, but for the long term, I think right now you can buy Bitcoin, then save up to new ATH, but you have to be patient and don't panic in the condition of the correction that will be greater later, because after that bitcoin will be pumped at a much higher price, be prepared to achieve it?

The thing about recoveries in bitcoin market is that they have usually been just as fast as drops. We have had at least 5 major examples in the past 2 years where people think price is going to recover slowly but all of a sudden price breaks a simple resistance and then it shoots up.
This is why I have my reverse bubble theory and I consider this price is also another reverse bubble.

And maybe this is also the reason why you think that we will have a new pattern or cycle now as it might break the old cycle that we have seen in the past?

Nevertheless with the way bitcoin's narrative have change in the last 2 years, maybe we will have 2 bull cycles just like when we have 2 new ATH in a single year. This is a nice theory, but who knows, this could happen this year (and then hits $100k).

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I am not sure in the next two months Bitcoin will experience an increase, the correction phase from the end of 2021 until now has not recovered completely, that means the opportunity for Bitcoin is very small to rise, but for the long term, I think right now you can buy Bitcoin, then save up to new ATH, but you have to be patient and don't panic in the condition of the correction that will be greater later, because after that bitcoin will be pumped at a much higher price, be prepared to achieve it?

The thing about recoveries in bitcoin market is that they have usually been just as fast as drops. We have had at least 5 major examples in the past 2 years where people think price is going to recover slowly but all of a sudden price breaks a simple resistance and then it shoots up.
This is why I have my reverse bubble theory and I consider this price is also another reverse bubble.

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Quote from: rodskee on January 12, 2022, 11:11:23 PM

Quote from: STT on January 12, 2022, 08:52:33 AM

Its entered the 30k prices and quite quickly retracted and moved upwards. Going from 50k prices into the 30's so fast seems to have confirmed the move wasnt especially valid just fearful selling not especially with confirmation.
I think right now we are quite positive as we are moving past 2 day, weekly averages back to challenge the monthly average which is the yellow line on this chart:

There was a series of descending lows but as always BTC is not so predictable and staying above 40.5k seems to have been positive enough to establish something of a low. Target upside now is about 47k, see how it handles that to ascertain the recovery overall.

It was a fast drop , entering 30k but increased back in a matter of minutes so there is no Dive that happened .

Now there seems to be a greening market again as majority of currencies increasing at least a single digit climb .

maybe there is a chance that we will take 50k level in a matter of weeks from this point .

Hopefully, bitcoin is strong enough to hold the price not to go down again as this moment is a good time for bitcoin to still rise for more. But if somehow, the price gets another correction, we can not do anything except accept that and try to buy more bitcoin. If you have a plan to buy bitcoin, maybe you can buy it now before the price continues to rise but you should prepare some money just in case the price is down again so you will have your chance to buy bitcoin at a low price. We need to have an additional plan to do to prevent the changing of the market so we can adapt to the current situation that happens at the market.

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Quote from: STT on January 12, 2022, 08:52:33 AM

Its entered the 30k prices and quite quickly retracted and moved upwards. Going from 50k prices into the 30's so fast seems to have confirmed the move wasnt especially valid just fearful selling not especially with confirmation.
I think right now we are quite positive as we are moving past 2 day, weekly averages back to challenge the monthly average which is the yellow line on this chart:

There was a series of descending lows but as always BTC is not so predictable and staying above 40.5k seems to have been positive enough to establish something of a low. Target upside now is about 47k, see how it handles that to ascertain the recovery overall.

It was a fast drop , entering 30k but increased back in a matter of minutes so there is no Dive that happened .

Now there seems to be a greening market again as majority of currencies increasing at least a single digit climb .

maybe there is a chance that we will take 50k level in a matter of weeks from this point .

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Bitcoin might be summoned back to $22k area from which it will stop its pull back. Because it is a big cohort from $18k to $22k and if most of people in the market think that Bitcoin will hold $30k, it will can not hold it.

Market works like this. Years ago, when we believed Bitcoin found its bottom in bear market around $6k, it was broken to $4k. The same in March 2020 when we believed Bitcoin won't crash too much because halving to come, it dumped.

Same for this year but it is just a big wash out in the market and it is very healthy for Bitcoin growth. I am bullish for Bitcoin, and I will more confident about it if such wash out to $20k happens.

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Quote from: yhiaali3 on January 12, 2022, 12:19:31 PM

Why this pessimism? I do not think that Bitcoin will visit the 30K$ area so that I expect the bottom to be at the 40k$ resistance,

I agree with what you said and I also believe that there's a chance we may not see a Bitcoin downtrend to the $30K.
1) Institutional investors are the major investor of this current market.
2) A lot of retailer investors are ready to buy whenever a dip happens.
3) IMF research says Bitcoin has reached a mature stage
4) Jack Dorsey, Alex Morcos, and Martin White created a legal defense fund that will help Bitcoin Dev.

Quote from: yhiaali3 on January 12, 2022, 12:19:31 PM

but in any case, even if the bitcoin visits the 30K$ area, there is no need to fear because Bitcoin will inevitably do it

Only that didn't deserve to join the cryptocurrency investment in the first place will be fear because of the downtrend.

Topic: Will Bitcoin Price Enter the $30k Area? - page 5. (Read 1421 times)