Topic: Will Bitcoin Price Enter the $30k Area? - page 7. (Read 1430 times)
There is a very strong level of fear or even panic right now. People are selling. People are asking questions which are fairly pessimistic. Many are probably bracing for more decrease in the price. This is expected of course. But then there will always be others who will be taking advantage of the situation and buy more while the price is cheap. If the demand of those who are attracted by the cheap price will finally defeat the selling force or the panic sellers have already drained whatever they have, the price will start to recover.
I am 50/50 on this. Right now everybody is very bearish and people think that bitcoin will go down to $30K or $20K or $10K. I see 1 or 2 scenarios happening.
We will bottom somewhere in the current range we are in. Maybe $38K or so will be the bottom. Right now the fear/greed gauge is very low. So I don't think we will go lower.
If we go to $30K, I don't think it will be the bottom. I think if we touch $30K, it will go to $20K or something like $15K. I don't see $30K as being the bottom in this cycle. Either $38K is the bottom or something like $18K.
We will bottom somewhere in the current range we are in. Maybe $38K or so will be the bottom. Right now the fear/greed gauge is very low. So I don't think we will go lower.
If we go to $30K, I don't think it will be the bottom. I think if we touch $30K, it will go to $20K or something like $15K. I don't see $30K as being the bottom in this cycle. Either $38K is the bottom or something like $18K.
Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.
In my opinion, a Bitcoin price drop to $30k is very real.
In my opinion, a Bitcoin price drop to $30k is very real.
So hard to speculate about new Ath when people is at fear that we may see another heavy bear season this year and maybe at the moment I will agree to other says that we might enter at that price since for sure people is panicking and want to sell their bitcoins at the moment. I do hope there's a reversal happening so that it can kill the momentum of people who think about more bad days to come with bitcoin.
That's really what's going on here, a lot is in fear because we have just entered the bear season and this could also be different (like the bull run) as it could be very hard to see the price going down hard and our portfolio value obviously is getting less and less.
So my strategy will still be the same, accumulate as much as I can in a bear market, if it goes to $30k then good. And then what I have left right now don't sell.
Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.
In my opinion, a Bitcoin price drop to $30k is very real.
In my opinion, a Bitcoin price drop to $30k is very real.
So hard to speculate about new Ath when people is at fear that we may see another heavy bear season this year and maybe at the moment I will agree to other says that we might enter at that price since for sure people is panicking and want to sell their bitcoins at the moment. I do hope there's a reversal happening so that it can kill the momentum of people who think about more bad days to come with bitcoin.
Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.
We've got enough with the bull run but this year is still a long year to have that hope of newer ATH. It always makes us a skeptic when we see the price of bitcoin doesn't move up that much and instead of going up, it's slowly going down.In my opinion, a Bitcoin price drop to $30k is very real.
It's really just how it's real and happened last year. July last year, it had made bitcoin even below $30k but it was just for a while.
An actual poll already exists for this topic… Feel free to vote and check the results.
https://bitcointalksearch.org/topic/poll-will-bitcoin-dip-below-40k-5380513
https://bitcointalksearch.org/topic/poll-will-bitcoin-dip-below-40k-5380513
Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.
In my opinion, a Bitcoin price drop to $30k is very real.
In my opinion, a Bitcoin price drop to $30k is very real.
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.
$30k must be too far for bitcoin market to experience by considering the hype and speculations happening on this crypto space. Probably we may see $39k levels thanks to whales which also will not sustain for longer sessions. Moreover, I do see the market in a way it would hardly get potential to break $40k levels; it means bounce back from current levels is more likely to happen.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 do see the current market scenario as a winter for bitcoin and this way we could expect the warming summer earlier than usual bounce back time.
If bitcoin fails to make reversal for sure there's a potential it go below 40k. But let just hope it didn't happen because you know this bearish market will not last due to panic selling once the price drop more. Just imagine how long some holders keep holding and after all there's a worst results.. It's like back to zero to be honest if you invested at 30k and bitcoin keep dropping wherein now its near. Well unless if you dump already some of your profits because these situation is ok.
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.
so yes 30k level is coming and i will be there to buy more
Looking at the long term RSI for both BTC and ETC which are below 20, I see a massive breakout building. This thing is going to go up at a very very fast pace soon....
That's why it's a high time for everyone of us to buy bitcoin right now and many other tokens if we want to join that pump that's going to happen and we don't know when will it happen so it's a really good thing to start getting in while the market is still on a steep drop. That's like buying a 1st Edition Alpha Black Lotus at almost half the SRP.
Looking at the long term RSI for both BTC and ETC which are below 20, I see a massive breakout building. This thing is going to go up at a very very fast pace soon....
That's why it's a high time for everyone of us to buy bitcoin right now and many other tokens if we want to join that pump that's going to happen and we don't know when will it happen so it's a really good thing to start getting in while the market is still on a steep drop. That's like buying a 1st Edition Alpha Black Lotus at almost half the SRP. 
It continues to decline. As long as you're sure, that was enough to convince me! It would be nice to keep the rate low for a while longer, however.
A death cross is incoming. We can't ignore the lower lows that started the year.
It's hard to make any assumptions. Okay, I predict it will go either way.
Same with my prediction too. Its even a good catch if the price will lose further so that we can buy bitcoin and good altcoins at their lowest value. The bearish season might take a little bit longer so if we can maximize this opportunity we have at the moment, i think it will bring huge profits for us once the market turns into bullish and bitcoin will reach its new ATH. Its more ideal too if we can buy in every dip. A death cross is incoming. We can't ignore the lower lows that started the year.
It's hard to make any assumptions. Okay, I predict it will go either way.
I think it's quite likely.
The bearish sentiment is quite strong given that we could not break $50k resistance for quite a few months now.
Right now the price of BTC is just edging towards that $40k level. I personally don't see it bouncing off the support of $40k because there were massive liquidations and most longs are already gone. Traders and investors really went to bullish too soon with insane amounts of leverage this time, and they're paying the price now.
The bearish sentiment is quite strong given that we could not break $50k resistance for quite a few months now.
Right now the price of BTC is just edging towards that $40k level. I personally don't see it bouncing off the support of $40k because there were massive liquidations and most longs are already gone. Traders and investors really went to bullish too soon with insane amounts of leverage this time, and they're paying the price now.
Looking at the long term RSI for both BTC and ETC which are below 20, I see a massive breakout building. This thing is going to go up at a very very fast pace soon....
It continues to decline. As long as you're sure, that was enough to convince me! It would be nice to keep the rate low for a while longer, however.
A death cross is incoming. We can't ignore the lower lows that started the year.
It's hard to make any assumptions. Okay, I predict it will go either way.
A death cross is incoming. We can't ignore the lower lows that started the year.
It's hard to make any assumptions. Okay, I predict it will go either way.
Bitcoin continues to decline for now all I can say about Bitcoin price is that it's more difficult to predict the next move but if it eventually hits $30k support zone I won't be in anyway surprised. All I should be more concerned about now is how to gather more capital to take good advantage of the dip because it would be sad to miss out on this opportunity
We should prepare for all eventually for now, I mean we are almost in that zone already, as the price is just hovering $40k and then the rest of the crypto market is also down huge at this point.
So with that said, if ever it hits $30k, then we shouldn't panic, that's a fact that we need to accept and adjust. The bull run maybe over and we will have to face the bear market that we dreaded but it is what it is.
Bitcoin continues to decline for now all I can say about Bitcoin price is that it's more difficult to predict the next move but if it eventually hits $30k support zone I won't be in anyway surprised. All I should be more concerned about now is how to gather more capital to take good advantage of the dip because it would be sad to miss out on this opportunity
I'm highly doubtful of it happening but it isn't completely out of the picture, it's just that it's actually unlikely considering what has happened in the past year. A good possible bounceback could start a pretty good run off towards a new ATH right now, and honestly, if we consider the entire 2021, we're still pretty bullish. It's just that the peak came early on instead of a steady movement of gradual price increase, hence why we're feeling the dips right now.
I am with jackg on his initial response. Not with very much conviction, but because I note with a certain degree of hesitancy to go down the road with bears just so soon. The last ATH was still pretty underwhelming for me, building up only several thousand on the previous, so I feel like serious bulls are also keen to see a determined Pullback before putting chips back on the table.
And, also, the 40k bounce could coincide.
And, also, the 40k bounce could coincide.
OP, that won't be impossible considering that a convincing break on the Daily close below where you marked the support is much likely to pull Bitcoin into a range that stretched between $30,718 and $41k. Your chart is similar to this picture I shared which was part of a post I made here sometime in September 2021. Specifically, it was made on September 22 (in case anyone wants to peruse that comment of mine on it. $30k is a strong support supposing it breaks through $40k. And if it breaks $30,000 convincingly then we are likely getting more dips.
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