Topic: Will BTC go above $30,000? - page 6. (Read 1224 times)

Just learnt about this ETF launch. Notice how price dumped within days of the launch, just like with ProShares back in November 2021, as well as Bakkt launch in 2019, and the infamous CME/CBOE launches in December 2017. Bitcoiners have always said it's a "coincidence" that price dumps after a futures or ETF launch,  but yet again this $BCOIN launch has followed the same bearish pattern as all other launches. I was wondering what had encouraged such an aggressive dump, apart from over-leverage longs in the market, and it seems like this new ETF launch is the answer that covers it.

Still not looking forward to the bearish price action that will follow any other ETF launches on the horizon, there is only the argument that getting them out the way will be better for the long-term. No doubt for the future of Bitcoin these products could well help drive more institutional adoption in the long-term, but for the immediate future these launches it seems obvious by now that they will only generate bearish price action. Hopefully there won't be any further ETF approvals until next year with higher prices and a bit more stability, otherwise we could see price sink considerably lower at this rate with any further ETF approvals.

The way I'm seeing bitcoin price and how  the market of bitcoin is moving on now, if you asked me to compare the price with last year price  of bitcoin I will say that the price of bitcoin is moving higher this year and it will experience more of positive this year compare last years price, the price of bitcoin have not being stable before and it's falling always be higher than its increasing and this year we see small positive in bitcoin  and it later drop in the market, for me we are not expecting the price to continue falling because more investors will come in and the prices of bitcoin will go higher than the current price.

That is true, $30k has been unlocked several times this year, but it's a bit tough to maintain that price level. We really don't know what's the reason, the only thing that i can think is that is a mental barrier for everyone, meaning once they see it, they will immediately put their sell orders.


We will see, only time can tell and if indeed investors are bullish to be in the last quarter of the year. Maybe historically we are, but market tends to be very different every year so it could go the other way, or the pattern continues.

I feel like those are all temporary and it is not going to be a big deal. I get that some people do not end up with a good result because they are not used to it, but that doesn't mean that we are going to end up with a profit, it just means that we are not going to profit during this period. It means that we are going to end up with a profit that will be "eventual" and not right now.

This means that we are going to face some stuff that will not be simple and it will not be profitable right now. So, just hold it as long as you can and in return you could be making some profit all the time. I hope that it gets to a point where we could make a profit whenever we can, and hold it until that time comes, if you can hold it then it will be fine.

It might look difficult though, but I guess we have seen and surpass $30k already, so it's just a matter of time before we can go back to that price range. Maybe not for this month as obviously we have suffered a huge decline and all other gains have been wipe out already.

But maybe in the last quarter of the year, we might see some change in the price and investors looking very bullish about bitcoin and then we can go above $30k again. So let's see, let this month pass by, I mean we don't want to see a decline but we have to take everything in stride and just remain calm.

Make yourself dont easily believe with thos shit called expert or professionals but rather it would really be that ideal that you should really be trusting your own price analysis rather than on making yourself
that a fan on listening others tips and hints about price in the future which we know that there's no man on this world would be able to know on what the future lies ahead and totally unpredictable since from the beginning. Anyone who do make out claims about numbers then they are really just making those wild guesses and there are some people who do really require out some funds or subs fees for them to snip out
from those newbie traders whom do easily get fooled about price predictions and speculations which its totally random and cant be sure.

Now that we are on the price of 26k as of this moment and that 30k price point is somewhere it is really that a strong resistance on which it cant really be that easily be breached out.
We might be seeing on touching this price once again on this year but still not an assured thing since we know that this market cant really be that so assuring despite on seeing on what
are the things that happened in the past. So its always been wise that you should be setting up back up plans with your trading positions anytime that the price would really be making out some u-turn.

Yea, I do believe that too, as if it were ever possible for price to be predicted and experts were to know what the price will be at any given time, then they would take advantage of that, and that might actually have a negative impact on Bitcoin, as everyone now knows when to buy and when not to buy, and no one will ever want to sell low or buy higher, and the market might look different from what it is today.

But the reverse could actually be the case when it comes to you; as your name proves otherwise, maybe you could actually say the exact time, as some already know what time it should be. 😏

Such question no one can really answer even those long-timers or the so-called experts.
But we can always predict when is the most probable time, however, don't give yourself high expectations.
Also, if you are here for long-term investments, don't get too agitated with the up and down movement.
Worry if the price is continuously going down and the adoption is getting weaker and weaker.
But for now, it is the opposite that is happening, more people are trying to participate in this market.

I don't think the question of when is actually necessary, especially when one is an accumulator and a long-time holder. We all love to see the market green, but let's not forget the fact that it can't continue being green all the time. The market will definetly show the negative side sometimes too. It's only when one is in a hurry to pick out a few profits that they are concerned with when they can actually take that desired profit and when Bitcoin will hit a particular price.

Bitcoin will reach $30k again for sure; the time it will happen doesn't really matter, but I sense that this will happen sooner than we expect as the market drop happened unexpectedly, so we may experience a similar move in the time to come, as one day a pump can push Bitcoin above $30k.

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.

Being too optimistic is not good, in fact it will have an impact on a negative mindset in the future, I am also quite surprised by people who believe in something without any clarity or strong reasons for what they believe.
At the moment we see that the price of Bitcoin continues to experience correction, although slowly but we have experienced it in a few weeks so that now the price of Bitcoin is getting farther from the price of 30k
If you look at what's happened so far this year, then I think we're going to stay on the same trend for a long time to come.
For this year I am a bit pessimistic, but not for the future, in investing we also have to be like that, implement many plans and have to be patient to wait.

That's how people lose their money because they believe on unrealistic claims where they can easily see a big pumps ob short time span. If they could just check the situation and fuds spreading maybe there statement will be change and stick to more realistic comment where they also say the unfavourable situation that might still continue to occur this month or maybe including the upcoming months. If there's a good news will came out maybe bitcoin will be save from its current condition.

No one can guarantee what will happen in the future with the market, it's all predictions and speculations that people make regarding the prices of different cryptocurrencies and the direction of the market but we should obviously know that the market doesn't act based on our expectations and there can be a lot of things that make a difference like market sentiment, positive or negative news, important announcements from influential people or authorities.

So, no matter what we think will happen, it is all dependent on the conditions that will occur in the future and that is why we as traders should always be ready for all outcomes positive or negative so that we don't regret not making a right move at the right time later in our lives.

We are investing with our money and we should be realistic, we can be optimistic but not delusional. On what basis do you believe bitcoin will rise above $30k today or before the end of August? I doubt it when the market is full of negative news. Bitcoin becoming more popular or adopted every day will only have an impact in the long term, in the short and medium term there will be no impact. Too many people mistakenly believe that bitcoin is becoming more popular and that the approaching halving will prevent bitcoin from falling further. Let's be more realistic with what's going on, bitcoin has fallen and will continue to fall if the bad news continues to hit. Popularity and halving cannot save bitcoin in the short term.

Must will go Bitcoin price above $30000 today or tomorrow, i think there has no doubt. Bitcoin being popular day by day. And after pandemic Bitcoin has been more popular. Now a days many country declared bitcoin as legal currency. We know Al Salvador accepted bitcoin as a legal currency. So we think that bitcoin price will more up day by day. In past bull session in 2021 Bitcoin price was $69k which was ATH. I think in future bull session Bitcoin price will touch $100k, if it may need 1/2 years but it will hit $100k i think. So not only $30k it will go more i think.

Yes there is decrease in price and no one knows how much decrease will occur in Bitcoin's price but as the negative news are arising suddenly so the demands become decrease as lots of people are selling their bitcoin at lower price without worrying about their loss.

The market is not good enough so lots of people are getting afraid of losing money and most of them denied to buy bitcoin as they don't think that market will recover soon.

Bitcoin has gained the curiosity of individuals in such a way that they always believe in bitcoin investment no matter how much it reduces they will always thinks about their profit and make good use of every situation may be its bear or Bull. During this periods when the price is 26k$ so everyone who believe in bitcoin will choose to buy more as the price is down than previous one.

Right now the bullish trend is still invisible because the price decline is still happening, but I am still pretty sure that the bullish trend will be seen again this year if Bitcoin can surpass the prices it has reached in the previous months of this year. But for now I still think that now is the time for investors to continue to move in buying Bitcoin as long as the decline is still happening, because there is a possibility that the price recovery trend will occur again in the market for this year or before entering next year.

The market moves in a parabolic shape so after falling, it is likely to rise again and it can be confirmed that a btc increase is certain to happen. But the question is when will that happen? It will take a month or 3 or 10 months for that to happen, that's what we need to care about. If we are discussing the short term then I don't think bitcoin will recover any time soon and will probably drop more in the coming days as the market picks up on some more negative BNB news.

It's true that after the price of bitcoin goes down, it usually goes up again hence right holding now but long term investment will yield good returns. If the price stays above the trend line, then the bullish trend will continue and we can expect a renewed increase in the price of bitcoin. If the price crosses the trend line and moves downward, there is a high probability that it may be part of an earlier downtrend a correction in its structure.

It's because Elon used to be the one of the biggest support of bitcoin, together with Michael Saylor, prior to his shifting his attention to Dogecoin. And him or at least his company has been confirmed to bought large amount of BTC. And it supposedly that they dumped it that's why the price suddenly goes down.

That is true, but there are speculators who loves to find the reason for the current dump and maybe Elon Musk is one of them. But when everything has settled down in the last couple of days. We found out that it was not really him, but the problem is that about of the market's liquidity.