Will BTC go above $30,000? - page 9.

jaberwock

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Quote from: Nrcewker on August 17, 2023, 04:44:55 AM

Bitcoin’s price always depends on it’s users. I don’t see why you exactly mentioned 30k usd? Is this because of the coin struggling in 29k usd price segment for few months? You need to understand the policies which affect the price of Bitcoins. Bitcoins are limited in number, hence very rare. So if their’s users sells more coins then buying it, then the demand to acquire Bitcoins goes down and along with it, the price also goes down. The reverse needs to happen in order for the price to go up.

Price depends on so many things. Also, he didn't exactly mentioned $30k but he said above it but is there a problem with that? I believe there isn't. Maybe that is only the price that he likes which for me much better because it's more achievable than those $100k and above. BTC might be stable at $29k for a long time but to call it struggling seems not a right word to use. It was perfectly normal.

There will always be a time for the bear, bull and the market to be stable. BTC are indeed limited in number but not very rare. If more people sells, price could dip which later makes the demand rise. If this continues, it will be a way for a recovery and price increase.

posi

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Quote from: Baofeng on August 17, 2023, 07:08:04 AM

Quote from: Nrcewker on August 17, 2023, 04:44:55 AM

You need to understand the policies which affect the price of Bitcoins. Bitcoins are limited in number, hence very rare. So if their’s users sells more coins then buying it, then the demand to acquire Bitcoins goes down and along with it, the price also goes down. The reverse needs to happen in order for the price to go up.

I think you meant the fundamentals, yeah it's based on supply and demand. Next year we will be having our halving again (every 4 years), so it means that the supply will dwindle into half, thus making it more scarce as ever.

Bitcoin's supply is still 21 million bitcoins, it doesn't decrease with each halving, to be precise, mining is becoming more and more difficult. You guys always emphasize the supply but forget to mention the demand of bitcoin. Supply is limited but demand does not increase, then the price will never increase, supply is not the only factor for bitcoin to increase in price if there is no demand. We should judge the value of bitcoin by looking at supply and demand, we shouldn't focus too much on the halving, what if the bitcoin price doesn't increase after the halving?

armanda90

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Difficult break out above $32k and fact Bitcoin current price right now under $28,000, its seems difficult with OP predicting about Bitcoin price above $30,000 after hasn't interested news. Probably, have been eight months in this year Bitcoin difficult to break out higher price after most lower price under $20,000 and not close opportunity with Bitcoin chance will back again to lower price.
Must be patience for several months later to see Bitcoim back to higher price or we still enjoying moment with Bitcoin keep going drop or stable around $29,000 to $30,000 until in the end of this year.

hugeblack

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The difficulty of breaking the $31,000 resistance level, and the price continuing to be close to the support level of the current price range are all indications that we may test $25,000 in the medium term and $21,000 if things are going bad. we have a meeting of the Federal Reserve next month, and it is likely that an increase in interest rates will be calculated by 25 basis points during the next two weeks, all of which are indicators that pressure the price, so unless the price rebounds soon, we will see prices near $31,000, then we will return to $25,000.

Baofeng

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Quote from: Nrcewker on August 17, 2023, 04:44:55 AM

Bitcoin’s price always depends on it’s users. I don’t see why you exactly mentioned 30k usd? Is this because of the coin struggling in 29k usd price segment for few months?

Most likely this is the case, we have been struggling to really go to $30k this year, yes we achieved it already but it seems that something about this price that it become a bigger psychological barriers for traders and speculators to break.

Quote from: Nrcewker on August 17, 2023, 04:44:55 AM

You need to understand the policies which affect the price of Bitcoins. Bitcoins are limited in number, hence very rare. So if their’s users sells more coins then buying it, then the demand to acquire Bitcoins goes down and along with it, the price also goes down. The reverse needs to happen in order for the price to go up.

I think you meant the fundamentals, yeah it's based on supply and demand. Next year we will be having our halving again (every 4 years), so it means that the supply will dwindle into half, thus making it more scarce as ever.

Nheer

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Quote from: wilkine on August 16, 2023, 04:03:25 AM

Anticipate significant market movements in the upcoming week due to the initiation of BTC price volatility.

We have been patiently waiting for the bullish trend and we all know bitcoin will still hit its peak, in a matter of weeks I believe we would cross above $30k. Bitcoin was once below $20k and still went back up so there is nothing to worry about and we are still anticipating a positive movement in weeks to come.

Quote from: wilkine on August 16, 2023, 04:03:25 AM

BTC prices have been range-bound with notably subdued volatility for the past seven months. The current compressed state of the price requires a stable foundation for a potential upward surge to $30,000. The introduction of a Bitcoin spot ETF might be the catalyst propelling prices toward this threshold.

Bitcoin has not really shown much movement lately and for the past few weeks after dropping below $30k it has been moving within a certain range around $29k and hasn’t make it to $30k as we all are anticipating. I also think with the introduction of bitcoin spot ETF we could witness a shocking positive movement in bitcoin price that could see us cross the $30k mark and possibly even higher.

Nrcewker

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Bitcoin’s price always depends on it’s users. I don’t see why you exactly mentioned 30k usd? Is this because of the coin struggling in 29k usd price segment for few months? You need to understand the policies which affect the price of Bitcoins. Bitcoins are limited in number, hence very rare. So if their’s users sells more coins then buying it, then the demand to acquire Bitcoins goes down and along with it, the price also goes down. The reverse needs to happen in order for the price to go up.

Yaunfitda

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Quote from: STT on August 16, 2023, 06:22:27 PM

Ironically BTC is slipping not popping, the overall market is apprehensive of Chinese bad figures, awful housing market and we know from 2008 that bring everything down potentially as its always linked to the banks and their mess etc.

Way below weekly and 2 day averages, its at least good for 25k in potential. For proper estimate really need to take daily bars, see end of weekly bar close on Sunday etc. but it appears weak anyhow. A bounce back to 30k on ETF news or similar positivity would be nice but not there so far.

Thanks, I was about the whole day with my crypto activity, and just surprised when I logged it today and saw that we have slipped below 29k again? Wow, I thought that we will have good news, unfortunately, it seems the market reacted negatively.

I also thought that we have a good news like this one:

Quote

On Aug. 16, the National Futures Association (NFA) — designated by the U.S. commodities regulator as a registered futures association — granted Coinbase permission to operate a Futures Commission Merchant (FCM) platform.

https://cointelegraph.com/news/coinbase-futures-approval-seen-as-a-major-win-amid-war-on-crypto

But I guess it didn't have the enough hype about this positive news.

STT

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Ironically BTC is slipping not popping, the overall market is apprehensive of Chinese bad figures, awful housing market and we know from 2008 that bring everything down potentially as its always linked to the banks and their mess etc.

Way below weekly and 2 day averages, its at least good for 25k in potential. For proper estimate really need to take daily bars, see end of weekly bar close on Sunday etc. but it appears weak anyhow. A bounce back to 30k on ETF news or similar positivity would be nice but not there so far.

Asuspawer09

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In the past months, we already reach 31,000$ price as its peak and there was already resistance there, I think it was because of the XRP news that hype the market and pump the XRP market price as well, So we already see that the Bitcoin market could easily achieve that kind of market price, Probably 40,000$ is going to be the next one and I was hoping it could easily be reached before the end of the year, It was already evident that the end of the year was always where the market price pump so probably on December we can expect another pump on Bitcoin that its possible to reach 40,000$ and i think because of the Bitcoin Halving hype a lot of investors are going to jump righ into Bitcoin at that time, I mean it might not happened but for sure the Bitcoin halving hype is going to kick in in the end of the end or probably the next year around 1st quater, in my experience your gonna need to accumulate more at this time because when the hype started a lot of investors are going to sold there Bitcoin for a quick profit for sure.

JoyMarsha

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Is that what to think twice on? Not in any way. Bitcoin will for sure go above $30k and even more. Don't be deceive about the price decrease you see, that makes it seem like a $30k price is difficult to cross. it is just temporary and it won't be long for bitcoin to go above the $30k price. By September or whereabouts, bitcoin is supposed to be above $30k by right. Am looking at a $35k price before the end of the year.

By next year, we should be talking about higher prices of bitcoin. You should acquire more bitcoin now, as the opportunity is open because $30k will be a small amount when we enter the bull run

rhomelmabini

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Not that fast I guess. We will see Bitcoin above $30k when the market allows it, right now we're probably in the boring state when it's just bouncing around the box of support and resistance at 28k-30k. I think the bullish turn is when BlackRock will really approved their BTC ETF proposal. I'm happy to accumulate while Bitcoin is doing like this.

goaldigger

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Quote from: Woodie on August 16, 2023, 11:52:03 AM

Quote

Will BTC go above $30,000?

From where price is currently sitting, 30k can be easily breached without breaking a sweat, let's talk about getting to $50k and above for now Cool

Even if Bitcoin is having a hard time to break that $30k level, I also believe that we can easily go beyond that level once we already get the momentum.
The price is still on the sideway trend which I think is a good preparation for the bull trend. Set your target price for profit taking because for sure, the next bull market will be a long one and the real target is actually $100k by next year, so let's wait for that and hold more.

Faisal2202

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I think this time period is the longest time when BTC was that less volatile like we should say it become a stable coin now and that's good thig IMHO. Because BTC is cooking and collecting fuel for next flight to Moon of another planet. And yes i definitely think that BTC will go above $30k easily.

Because $30k is the most easiest Resistance level that it will break with time but due to the news of Paypal restricting the buying and selling of things using BTC might make market to bleed but this is just temporary and there is still so much room for the BTC to grow.

You question is so childish although i still not stopped my self to give you some hope but please do not use my advice or POV as defending attack when the things went upside down. hehe.

Woodie

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Quote from: wilkine on August 16, 2023, 04:03:25 AM

Europe has unveiled the inaugural Bitcoin Spot ETF, marked by the launch of $BCOIN, a symbol that signals a noteworthy step forward in Bitcoin's embrace.

Anticipate significant market movements in the upcoming week due to the initiation of BTC price volatility.

Sorry and just how does the launch of $BCOIN show support for Bitcoin?? I guess we all know the answer to this question is it doesn't. If these guys really wanted to honour or embrace Bitcoin they would have done so without introducing another altcoin on the market! Btw If you connect the dots, what's actually happening here is that these guys are trying to hitch a ride on bitcoins success and call it supporting Bitcoin which we all can see that it's deception, and trying to feed as a centralized coin..

Quote from: wilkine on August 16, 2023, 04:03:25 AM

-snip-

The question lingers: How long can the bullish momentum be sustained?

Not as bad as it sounds for bitcoin, but if they can coordinate the process of getting an approval..most certainly the momentum can be sustainable, besides one price starts to go up the speculation alone can provide some support to keep price up

Quote

Will BTC go above $30,000?

From where price is currently sitting, 30k can be easily breached without breaking a sweat, let's talk about getting to $50k and above for now Cool

Eternad

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Quote from: rachael9385 on August 16, 2023, 07:33:45 AM

With the provided link and the picture you can tell for you self if the price will go above $30k or not https://coinmarketcap.com/currencies/bitcoin/#Chart

What exactly your interpretation with that price chart and the link you provide? It doesn’t make sense at all to determine what’s the next move of Bitcoin. One thing is for sure here that Bitcoin will surely surpass that 30K psychological barrier since Bitcoin ATH was above 65K. That 30k level was breach multiple times in the past before the ATH reach so breaking it while there’s already a higher price target achieved is very easy. The on,y question here is when.

Your chart only shows temporary price action. I don’t know what your specific position with this comment but the chart doesn’t provide useful information to determine the next move.

Ndabagi01

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Quote from: wilkine on August 16, 2023, 04:03:25 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.

Bitcoin analysts will always say this and that and forecast the bitcoin price, which does not always come true. But I see several encouraging signals in his analysis, and I'm fairly certain that his prediction will come true. Although bitcoin has already gone above the stated amount this year, I believe that if it crosses the $30,000 level, it will most likely not return below that number again, and we will continue to see a rise with occasional minor corrections as time passes.

Quote from: rachael9385 on August 16, 2023, 07:33:45 AM

With the provided link and the picture you can tell for you self if the price will go above $30k or not https://coinmarketcap.com/currencies/bitcoin/#Chart

Graphs can be difficult to grasp at times, and some individuals are unsure how to interpret them. Graphs do provide some illustrations that we can use to determine where the price is headed, but they do not guarantee that it will continue in that direction indefinitely.

rachael9385

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With the provided link and the picture you can tell for you self if the price will go above $30k or not https://coinmarketcap.com/currencies/bitcoin/#Chart

yudi09

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Quote from: wilkine on August 16, 2023, 04:03:25 AM

Re: Will BTC go above $30,000?

More than $30,000 will be achieved and has been achieved by bitcoin. List of bitcoin prices this year from January to August at the time of this writing, you can check on several available platforms that bitcoin has reached more than the price you mentioned. At least the price above $30k has been reached several times even though it is only at $31k.

OP. Various events that occur throughout the country can be positive and negative triggers for the price of bitcoin.
The best anticipation is to have strong power to hold bitcoins without any feelings of concern even when the market price continues to move downwards.

BabyBandit

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I am almost positive it will reach $30K+ and even more, and be stable there, just wait and hold your coins, at least that¨s what I should do.

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