Will BTC go above $30,000? - page 5.

imamusma

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Quote from: South Park on August 31, 2023, 03:47:45 PM

Quote from: imamusma on August 31, 2023, 01:42:01 PM

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At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't hate this kind of market situation as much as I could, but it's still not something I really expected. The market is expected to recover gradually and maintain its good trend so that resistance can be broken, but in fact the market is very easily influenced which in turn makes bitcoin lose value easily. $28k didn't last more than a few hours, it gradually fell until it almost touched the previous price level of $25k.

Of course this is a bit strange and not fun at all, but that's the unique thing about free trade that can swing without any control from one party or group. Some whales are happy with this market situation because they are a group that has strong financial strength to accumulate more. I am determined to hold and avoid panicking as much as I can, meaning I don't want to sell low and want to continue holding for a long term plan.

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Quote from: Minecache on August 31, 2023, 11:56:13 PM

Quote from: salad daging on August 31, 2023, 04:35:34 PM

Quote from: South Park on August 31, 2023, 03:47:45 PM

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

so that is the reason why the price drops back to 26k level today?
from standing above 27k for 2 days? https://coinmarketcap.com/currencies/bitcoin/ actually it shows that it may drop to 25k once again , and this seems to be how before halving season scenario shows?
or the increase recently is another trap before the price continue fell into 20k?

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Quote from: salad daging on August 31, 2023, 04:35:34 PM

Quote from: South Park on August 31, 2023, 03:47:45 PM

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

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Quote from: South Park on August 31, 2023, 03:47:45 PM

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

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Quote from: imamusma on August 31, 2023, 01:42:01 PM

Quote from: Sexylizzy2813 on August 31, 2023, 01:24:53 PM

I think that speed of getting to a higher amount have dropped drastically and I don't think getting to $30k as expected by the end of this month is going to be possible because to me it looks like it will only be going up to let me say $28k and back to $25k.
For Bitcoin to rise to $30k or more than with this current dip I think is going to be in October or better still by November.

Until a few hours before the July close, $30k was still the strongest resistance for bitcoin to break since the correction. I don't know exactly why bitcoin is having trouble keeping its price above $28k, but some assumptions like panic or selling of most day trader holdings are also to blame. The main impression about the current market situation is that bitcoin loses value too easily, but I believe this situation will improve in the next month.

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

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Quote from: wilkine on August 16, 2023, 05:03:25 AM

According to Analyst Crypto Tony, BTC prices are forecasted to hover within the $29,400 to $29,500 range for the week ahead. However, a bullish uptick is foreseen on August 20, 2023, with the possibility of breaching the $30,000 mark. Recent months have demanded substantial bullish forces to overcome these thresholds, hinting at an impending resurgence in Bitcoin's volatility.

Another example of how these forecasters know nothing. He predicted an uptick and got the opposite. I don't follow anyone and I don't watch any of these predictions because they're usually wrong, whatever they say. The only thing that seems to be consistent with these guys is that the ones that scream the loudest are usually the worst.

Quote from: Sexylizzy2813 on August 31, 2023, 01:24:53 PM

I think that speed of getting to a higher amount have dropped drastically and I don't think getting to $30k as expected by the end of this month is going to be possible because to me it looks like it will only be going up to let me say $28k and back to $25k.
For Bitcoin to rise to $30k or more than with this current dip I think is going to be in October or better still by November.

It takes very little to make bitcoin go to 30k because of a very limited number of coins on exchanges. It's the lowest since the 2018-19 bear market, and since that date we've mined more bitcoin and established more exchanges, so just think of how many now hodlers had to take their coins offline. We could literally go to 30k in an hour if a large buyer came in.

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Quote from: Zoomic on August 31, 2023, 04:25:02 AM

Quote from: Unbunplease on August 30, 2023, 05:56:17 PM

Most likely, September through October bitcoin will move in the 25000-35000 range. Very much these figures are attractive for recruitment by big players. Perhaps by the end of the year bitcoin will reach 40000 - but no one can say that for sure. We have to remember that soon - halving.

The OP made this topic on 16th August and it seems that the bitcoin price has neared 30k since after the post. The bitcoin price is still within the range of 15k to 35k, so it will not be difficult or surprising if we see 30k before the dawn.
The speculations I always kick against is the one suggesting that bitcoin will make $80k or $100k this year. We know that nothing is impossible but it is the bitcoin bull run that will take the price of bitcoin as high as 100k from the range of 25k

It's not a range because so far this year bitcoin hasn't even touched $35,000 meaning it's still a long way from hitting resistance to $30,000 let alone $35,000 although you wouldn't be surprised but a $10,000 spike in a flash never happens.

Yes speculation of 80k or 100k this year is overkill though that's nothing against it, a 3x increase takes a long time, hoping for a halving is possible but that will take time to surpass as well.

Probably realistic is the $40k range by the end of this year.

imamusma

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Quote from: Sexylizzy2813 on August 31, 2023, 01:24:53 PM

I think that speed of getting to a higher amount have dropped drastically and I don't think getting to $30k as expected by the end of this month is going to be possible because to me it looks like it will only be going up to let me say $28k and back to $25k.
For Bitcoin to rise to $30k or more than with this current dip I think is going to be in October or better still by November.

Until a few hours before the July close, $30k was still the strongest resistance for bitcoin to break since the correction. I don't know exactly why bitcoin is having trouble keeping its price above $28k, but some assumptions like panic or selling of most day trader holdings are also to blame. The main impression about the current market situation is that bitcoin loses value too easily, but I believe this situation will improve in the next month.

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I think that speed of getting to a higher amount have dropped drastically and I don't think getting to $30k as expected by the end of this month is going to be possible because to me it looks like it will only be going up to let me say $28k and back to $25k.
For Bitcoin to rise to $30k or more than with this current dip I think is going to be in October or better still by November.

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Quote from: Unbunplease on August 30, 2023, 05:56:17 PM

Most likely, September through October bitcoin will move in the 25000-35000 range. Very much these figures are attractive for recruitment by big players. Perhaps by the end of the year bitcoin will reach 40000 - but no one can say that for sure. We have to remember that soon - halving.

The OP made this topic on 16th August and it seems that the bitcoin price has neared 30k since after the post. The bitcoin price is still within the range of 15k to 35k, so it will not be difficult or surprising if we see 30k before the dawn.
The speculations I always kick against is the one suggesting that bitcoin will make $80k or $100k this year. We know that nothing is impossible but it is the bitcoin bull run that will take the price of bitcoin as high as 100k from the range of 25k

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Quote from: n0ne on August 30, 2023, 07:55:33 PM

Quote from: Unbunplease on August 30, 2023, 05:56:17 PM

Most likely, September through October bitcoin will move in the 25000-35000 range. Very much these figures are attractive for recruitment by big players. Perhaps by the end of the year bitcoin will reach 40000 - but no one can say that for sure. We have to remember that soon - halving.

It is said that the approval for Application X to add cryptocurrency payments is the reason behind the price increase that had taken place days back from the range around $26k to the price close to $28k and once again got dragged downward. Maybe similar incidents in the upcoming days could push the market, if not it takes time to build good resistance and get pushed.

The news you mentioned is the positive news we have but I see Doge as the coin that benefits the most from it, not bitcoin. Bitcoin's sudden recovery is thanks to Grayscale's victory against the SEC and this is considered a major victory for the cryptocurrency industry. With this victory, we can expect the SEC to be less arrogant and unreasonably oppressive. But this news is not enough to push bitcoin beyond $30k in the coming days, I think bitcoin could reach $28k before correcting again.

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Quote from: Unbunplease on August 30, 2023, 05:56:17 PM

Most likely, September through October bitcoin will move in the 25000-35000 range. Very much these figures are attractive for recruitment by big players. Perhaps by the end of the year bitcoin will reach 40000 - but no one can say that for sure. We have to remember that soon - halving.

It is said that the approval for Application X to add cryptocurrency payments is the reason behind the price increase that had taken place days back from the range around $26k to the price close to $28k and once again got dragged downward. Maybe similar incidents in the upcoming days could push the market, if not it takes time to build good resistance and get pushed.

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Most likely, September through October bitcoin will move in the 25000-35000 range. Very much these figures are attractive for recruitment by big players. Perhaps by the end of the year bitcoin will reach 40000 - but no one can say that for sure. We have to remember that soon - halving.

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Quote from: Dave1 on August 30, 2023, 03:39:49 PM

Quote from: Alpha Marine on August 30, 2023, 09:53:22 AM

Even without Bitcoin spot ETF, I have always believed Bitcoin will go beyond $30k. Bitcoin has peaked at about $31k this year or thereabout, so it shouldn't be a problem for it to go beyond 30k again.

Yes, that was the biggest that we have right now, and If I'm not mistaken, we have achieved to reach $31k twice already for this year. The problem is that it is not sustainable, that's why the price goes down again and again. At if it is a mental barrier, that once the price has been reached, it will suddenly go down as speculators are selling.

Quote from: Alpha Marine on August 30, 2023, 09:53:22 AM

When the price dipped recently and got to 25k, I was still optimistic that it would get back up to between 30k and 35k.
Now if these analyses of yours are correct then I can say with a certain degree of certainty that Bitcoin will get up to and most likely go beyond the $30k mark.

Oh well, that's the best thing that we can do, hope for the best and that's what really happen as it rally again above $25k because of some positive news. But we should look at least for the end price this year. Might be above $30k in my opinion.

September will give us solid ideas about Bitcoin price. After the recent good news, the Bitcoin price rose but stopped again. I don't know if the price will drop again or continue horizontally. It is too early to predict the end of the year. In line with the news that may come in September, I think it will give an idea about where the price will go at the end of the year.

These levels still create buying opportunities for Bitcoin. Last time we saw how fast the price increase was. Buy Bitcoin and wait so you don't fall behind when Bitcoin price rises.

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Quote from: Alpha Marine on August 30, 2023, 09:53:22 AM

Even without Bitcoin spot ETF, I have always believed Bitcoin will go beyond $30k. Bitcoin has peaked at about $31k this year or thereabout, so it shouldn't be a problem for it to go beyond 30k again.

Yes, that was the biggest that we have right now, and If I'm not mistaken, we have achieved to reach $31k twice already for this year. The problem is that it is not sustainable, that's why the price goes down again and again. At if it is a mental barrier, that once the price has been reached, it will suddenly go down as speculators are selling.

Quote from: Alpha Marine on August 30, 2023, 09:53:22 AM

When the price dipped recently and got to 25k, I was still optimistic that it would get back up to between 30k and 35k.
Now if these analyses of yours are correct then I can say with a certain degree of certainty that Bitcoin will get up to and most likely go beyond the $30k mark.

Oh well, that's the best thing that we can do, hope for the best and that's what really happen as it rally again above $25k because of some positive news. But we should look at least for the end price this year. Might be above $30k in my opinion.

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Quote from: Alpha Marine on August 30, 2023, 09:53:22 AM

Even without Bitcoin spot ETF, I have always believed Bitcoin will go beyond $30k. Bitcoin has peaked at about $31k this year or thereabout, so it shouldn't be a problem for it to go beyond 30k again.

I also believed it would and it didn't last or even get past it, only lasted for almost a month if I'm not mistaken. It only clicked $31k ones and has never surpass that amount, my hope was that if it gets to $32k then $40k should be the next but it didn't happen that way.

Quote

When the price dipped recently and got to 25k, I was still optimistic that it would get back up to between 30k and 35k.
Now if these analyses of yours are correct then I can say with a certain degree of certainty that Bitcoin will get up to and most likely go beyond the $30k mark.

The main target should be $30k and it has to last or even make a drastic move to $31-$32k before aiming for $35k.
As it is the price is not encouraging to me, is best to see it at $30k...
To me that's how it should be because is like the price is letting traders know that is time to bump higher than it is so is best to wait.

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Even without Bitcoin spot ETF, I have always believed Bitcoin will go beyond $30k. Bitcoin has peaked at about $31k this year or thereabout, so it shouldn't be a problem for it to go beyond 30k again.
When the price dipped recently and got to 25k, I was still optimistic that it would get back up to between 30k and 35k.
Now if these analyses of yours are correct then I can say with a certain degree of certainty that Bitcoin will get up to and most likely go beyond the $30k mark.

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Quote from: Oasisman on August 26, 2023, 08:12:58 AM

Quote from: CageMabok on August 26, 2023, 07:46:17 AM

Quote from: 19Nov16 on August 23, 2023, 09:41:02 AM

Surely everyone is optimistic that the price will soon pass $ 30k, in my opinion the question is when $ 30k can happen? If you see the current situation, it is certainly very difficult to see Bitcoin can pass $ 30K, it is proven that the price since March which can reach $ 30k and then go down again as it is happening now.

The price drop from $30K to $26K is a price drop that falls into the normal category and not a very large number price drop in Bitcoin, so the price of $30K is still possible to be reached and even surpassed by Bitcoin again this year because of the move and the time that Bitcoin has to go from $26K to $30K isn't going to be that far although it doesn't look like it will be easier, but I'm still pretty sure that $30K can still be surpassed by Bitcoin before entering next year and I think you still have a very good feeling optimistic about it.

Any movements of price, high or low are all normal. With how volatile Bitcoin is it's not gonna be a surprise if it all fall or pump a couple of thousand dollars in just 1 day.
As we are closely approaching to the bitcoin halving where everyone are anticipating for another bull season, this is where FUDs comes in, people who's trying to drag the price down so they can accumulate more at a lower price - so, it's not gonna be a surprise as well if there's several negative news that surface and could potentially affect the price, we should already get used to it especially when you're here in crypto space for quite some time already.

I also think that as the halving gets closer, the more excited people get, the more Fuds will be spread. Their aim is to freak us out and sell them cheap bitcoins. Therefore, we must be extremely vigilant as the halving event is only a few months away. Moreover, if bitcoin dumping is even more severe then there is nothing to fear and instead take the last chance to buy bitcoin cheaply. We have come a long way in the harsh bear season, we should not give up when the destination is in sight.

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Quote from: CageMabok on August 26, 2023, 07:46:17 AM

Quote from: 19Nov16 on August 23, 2023, 09:41:02 AM

Surely everyone is optimistic that the price will soon pass $ 30k, in my opinion the question is when $ 30k can happen? If you see the current situation, it is certainly very difficult to see Bitcoin can pass $ 30K, it is proven that the price since March which can reach $ 30k and then go down again as it is happening now.

The price drop from $30K to $26K is a price drop that falls into the normal category and not a very large number price drop in Bitcoin, so the price of $30K is still possible to be reached and even surpassed by Bitcoin again this year because of the move and the time that Bitcoin has to go from $26K to $30K isn't going to be that far although it doesn't look like it will be easier, but I'm still pretty sure that $30K can still be surpassed by Bitcoin before entering next year and I think you still have a very good feeling optimistic about it.

Any movements of price, high or low are all normal. With how volatile Bitcoin is it's not gonna be a surprise if it all fall or pump a couple of thousand dollars in just 1 day.
As we are closely approaching to the bitcoin halving where everyone are anticipating for another bull season, this is where FUDs comes in, people who's trying to drag the price down so they can accumulate more at a lower price - so, it's not gonna be a surprise as well if there's several negative news that surface and could potentially affect the price, we should already get used to it especially when you're here in crypto space for quite some time already.

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Quote from: 19Nov16 on August 23, 2023, 09:41:02 AM

Surely everyone is optimistic that the price will soon pass $ 30k, in my opinion the question is when $ 30k can happen? If you see the current situation, it is certainly very difficult to see Bitcoin can pass $ 30K, it is proven that the price since March which can reach $ 30k and then go down again as it is happening now.

The price drop from $30K to $26K is a price drop that falls into the normal category and not a very large number price drop in Bitcoin, so the price of $30K is still possible to be reached and even surpassed by Bitcoin again this year because of the move and the time that Bitcoin has to go from $26K to $30K isn't going to be that far although it doesn't look like it will be easier, but I'm still pretty sure that $30K can still be surpassed by Bitcoin before entering next year and I think you still have a very good feeling optimistic about it.

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