Bitcoin Forum

It's been bearish for bitcoin thus far, and now it slowly going down again. We hit $30k in the past few days and it seems we are going back to that level again. The price is currently at $32,900 per http://preev.com/.. and the price is descending.

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

Nobody knows.

But bulls will probably be looking for a bounce this week. If that doesn't happen, I'm sure a lot will be thinking long term bear market.

However, 2013 had a large drop mid cycle, so anything is possible.

All I know is that this would be a good time for any institutions that were thinking of buying to buy.

Possibly the support of bitcoins at that level is not so high so I wonder if many people will place their order seeing the marker is keep collapsing. Hopefully the $30k will not be break since this scenario will create panic to those people who's not prepared for the bear market crash.

Hoping to see a bounceback and will see if bitcoin would reach at $60k.

There is still a long way for bitcoin to return to the $60,000 level. It is difficult for him to get through this challenge. I think the decline will continue in the next few days and we will see what the bottom price will be because this dump will definitely continue until time has not been determined.

Because Dump has a lot of bad news that continues to haunt investors so that the market becomes an unbearable bubble even this panic continues to be because there will be many cuts at times like this, it's no wonder this dump will definitely continue to tail at the end where we will know from history before him.

I don't think so!

 looking at the charts you can see that there is a lot of support around the 30000 area possibly a lot of pending buy orders waiting to be filled around this area too to take price on the upside.

FYI a drop below the $30K would change market sentiments to be bearish. 8)

If we based the pattern of the chart from the start of Bitcoin we will see that the pattern is like a wave but is moving up. So there's still a huge chance that we aren't going to go bearish yet this year since a drop below from $30k support will surely trigger a bearish trend. There's a lot of tension in the market already and the market is congested also with these panic sellers so if there's another tension going to happen it will eventually lead to bearish market.

I am very bullish so there's still a high chance there's a new investors that's going to break the $64k ATH, I hope I am right. :D

i don't think we can expect a bounce back anytime soon because of the way the dumping is continuing and people are panicking these days. even if the dumping starts most of the same newbies are too afraid to buy back and the whales would need time to accumulate more bitcoin at these super cheap prices so it could easily take a month before we can see the real price of bitcoin again above $60k.

I am optimistic that it won't go beyond this week and that we won't go below $30K, but there is no way of knowing. I think that the drop now is partly due to the low volume this weekend and that we are at prices that, whoever knows the instrucinsic properties of Bitcoin and its history, knows that they are a bargain. I therefore believe that we should not have long to hit the bottom and from there start to recover.

Its rejected attempts to break the downtrend so far, Monday is a good day to see if it can start a new trend having finished the last weekly bar it can mean selling over extends and we get a bounce.

https://talkimg.com/images/2023/06/12/AJKFI.png

Just waiting for it to break this or the 2 day average and start to confirm above while heading to test 200 day average for example.     I do still consider this a flush, some of it is forced by China wanting to control capital flow within their population, because of the size of the country it would be enough to tip us into a series of sell patterns downwards.

No one knows because no person on this world does have the crystal ball to see on what would happen in the market as of next minute or hours or days or months or years.

We have seen some several sentiments that we do presume out that the main reason of this dump and the rest is still unknown and this had been always the characteristic

on where the market is way too unpredictable.I have already accumulate on this price point and playing up with the current price swings even in bouncy moments.  ;)

There is no certainty but we can assess a good level of probability to moves, its usually quite simple observation in a repeatable trend to selling or buying.  The part that confuses often is the different time frames that may be intra day, over a week or even a year or so.   Its not random, I also dont take the news too seriously especially flashy head lines from important people who can sell newspapers but really arent going to alter factors in crypto itself.    Theres two main points to observe, the dollar and usage of Bitcoin itself then the rest is speculative flows in and out.

After setting a ATH of $60k, I don't think it can plummet very very much, but if it does, I'm sure the hype will be so much that investors will jump in and increase in demand equals you know ;) = price hike, and we might then see it again bouncing back to the ATH or breaking it even. But, it's all just theory, and not classical, but quantum one ;D

We will have to wait and see, it seems the whales defended the 30k level a few days ago and it is possible they are going to do this again, however taking into account the extreme fear that we are seeing in the market they might as well let it crash even further and get even more coins for their fiat, which is the whole point of the current correction, what I am more interested to find out is if this is indeed the end of the bull market or if this is just a monster correction and then the bull market resumes its upwards trajectory.

We are in a bearish phase and should prepare for an unstable market with a continuous decline and it is undeniable that the current fall in prices will be more than what is expected to survive, so for me it is very difficult to predict that bitcoin can return to its original price because we have passed a fairly high ATH period and that's when bitcoin slumped due to FUD.

And I cannot conclude about this prediction even the experts are not necessarily correct in processing the predictions, therefore we must be prepared for any situation because this has become a market habit before.

Well, just think of any possibility that can happen since it's very close to the $30k spot. If it manages to reach back that price, there will be a lot of buy orders that will be filled that consider it as the dip for this cycle. And once it happens, we'll see that it's going to recover a little which will encourage those people that are still in doubt and fear because of the bad news that has come.

There can be a reversal that it shall bring it to $40k. I'm still positive that it can get back to $60k but I don't know when it can happen. If this is the same scenario as the 2018 bear market, I like this year more than that year with what I'm seeing, even more.

Yes, it's possible to go below 30,000$ soon. Last wednesday btc reached 32,000$, then the market recovered nicely until friday, when btc dropped to 34,000$ with a very shy recovery right after, which resulted in the recent fall to 31,000$ already this sunday. What I see is that bitcoin is slowly going down, what means it's hitting limit orders of different investors set for different prices in 30,000's range, but these investors aren't willing to put a lot of money in bitcoin yet. It looks like big money isn't going to come into btc until the digital currency reaches at least the 20,000's range again.

Froth doesn't determine pricing best, the base line moves gradually despite worries when hype evaporates and this is the most steady gain in BTC to take note of; my highest confidence is with the least desired pricing which long term is still incredible and very bright imo.  The highest prices are the most inaccurate, thats the thing to remember unfortunately.   Fast moves, grand estimates are obviously attractive but also highly unstable compared to regular lows which are the best indicator of direction.   I dont know if others do so but my most serious estimate is when few have an optimistic outlook.

It still hard to determine if upto how much the market will be, some were waiting to do buy back and probqbky hoping for prices to go dipper, once it reach lower 30k theres a possibility that the bearish trend will go up again. Many were just waiting for signals to buy.

We can see that the support in the 30k level is quite strong, but in this market, everything is possible to happen. So it may go down below 30k but it can go up fast. Another week in trading and we will see where the market is moving. I am also optimistic in this market as the adoption this time is very different than in previous years. We need one good news to get up again.

I think or also expect some buys to happen this week. The whales will be ready in filling there basket having made some good profit. This buy will be a factor which will begin to push price up back again to bull. The bear actually came early which may be from Elon musk negatively tweeting against bitcoin. I think the profit have been made and now is likely to see recovery.

Yes, obviously.


No, not possible.

If it's due for a correction, the price would really dump, and yes it could bounce back to $60k, but we never know what would happen next, I'm okay with both but I have a feeling that the trend now is on downtrend.

The bearish trend is looking strong at this moment and it doesn't look good for overall Bitcoin holders and to newbie investors who invested when BTC was above 50k$. I want to tell all of them to hold whatever you have, don't sell it for loss. People who have bought at 16-19k$ in the previous all-time high are just gonna laugh at you.

Be patient and hold what you have.

Also, we don't have to worry if it did go down below 30k, if you are a long-term hodler then you should probably just buy more and accumulate more bitcoin. The prices are going to go up in the future, we just have to wait for it.

Actual price is 37k$ I think there is a low posibility that it will go down below 30k$ for just a week if the price go down below 30k$ This week it means 8k$ of the 37k$ present price is gone in just a week so for me it is imposible to drop below 30k$, i hope it will rise back for good.

If someone hits you in the head several times, you fall to the ground and lose consciousness, and you may get a concussion - how long will it take you to fully recover? The analogy may not be the best, but I want to say that the crypto market is currently in a state of shock where the patient is starting to wake up, but is not yet able to stand on his feet - and the recovery time is quite unclear.

From what we can see, several attempts to stabilize the price have already failed, and we will probably be between $30k and $40k for a while - and the longer it lasts, the chances are increasing that for now the solid support at $30k will be broken. Perhaps in medical terminology we could say that the first week of recovery will show how strong or weak the patient is.

Will bitcoin pump above $40,000 this week?

I mean... do we really need a new speculation thread about every friggin' price point? It's Bitcoin, it goes up and it goes down and it goes up and you get the idea.

If I were a dictator moderator of the speculation board I would allow one bull thread, one bear thread, and WO. Any other thread better have a really good novel topic, not some generic "number go down" or "number go up" stuff.

well, this month is true quite a tough month for holders. although bitcoin prices fell to the $ 38k range, and altcoins also fell quite drastically, but so many people hold their assets from high prices, so when the price is low, the pressure is quite large. however, the potential for the bitcoin price to drop below its current $ 32k price is still there. however, I am more likely to think that bitcoin's price is back in the $ 40k range than it is at that price.

The trend is definitely not complete downwards right now there is no doubt about that. However the question is, will the trend change? Right now it is downwards that is okay and we can see that there is no doubt about that. However what if the trend changes? What if suddenly something great happens? What if microsoft says today that they are buying bitcoin and now accepting bitcoin for all microsoft purchases for example? That would make the price go above 60k in a month again right?

We should not expecting outside help this much to go back up again but that is the possibility there right? So, that means we are in a downtrend right now and we are going to keep going unless something major changes, I agree that we may go down even more from here, but I am not leaving the chance of going back up again to zero neither, there is still (tiny) a chance to go up again.

At the moment I do not think that the price of BTC will fall to $ 30k because I see a better chance of it rising, the reason is simple, Elon Musk is not the only BTC whale, there are many, since 2009 they were formed and Elon Musk is Whale since 2021, he cannot compete, he may manipulate the market but he no longer has so much manipulating power, according to Merten there is still a lot to go up, for him the bullish trend has not ended, here is his analysis:

https://i.imgur.com/blAsszF.png
Source: [url]https://dailyhodl.com/2021/05/25/no-bitcoin-bear-market-in-sight-according-to-crypto-analyst-nicholas-merten/[/url

I think there is still a long way to go, for me the whales that performed in 2017-2018 have not yet participated in the market.

so far we have had many serious attempts to dump the price harder over the past 6 days but all of them have been failing miserably as each time price sets a higher low and higher high and price keeps on pushing upward (despite the sell off manipulation).

we have to wait and see what the following days hold. with chances of Taproot lock in being nearly 100% for the next retarget there are a lot of good news coming that could put an end to the manipulation.

Yeah, the China banning bitcoin mining and of course, Elon Musk continuous anti bitcoin tweet. I think this two FUD's really put some selling pressures on bitcoin in the past 6 days as it plummet 50% >.


I do hope that somewhat the Taproot news will somewhat bring some positive vibes in the market to at least get to $40k and up. And as for the FUD, it will just have a short term effect, price will bounce back eventually. And for those weak hands who sold, let them learn their lessons in this market. You really don't need to be emotionally and panic, bitcoin's fundamentals is getting stronger.

Why many high ranks not optimistic about the possibility of the next pump in Bitcoin? You guys already give up and conclude the bearish has been coming? It is a correction in crypto prices, Bitcoin also experienced it. It is impossible if Bitcoin price always increases without a correction. We have experienced many times a big correction this year. But the prices always come back to grow again. If you are pessimistic, just sell all your coins or keep them on hard wallets, then you are better offline.

Because they already experience the worse case scenario especially on year 2018 so expect thag many of high rank users are fearful of the market movement when the crash happen, but also there are some doing that to add on the fear so that they can buy bitcoins at cheap cost remember bitcoin got high pumping potential so expect that many will create noise or confusion unto this.

Currently the 39K bitcoin price is slowly rising which I think will return to 40K in the near future, this correction makes most users panic and worry which makes it turn into weak hands, maybe because they don't understand bitcoin movements which make bitcoin price drop continuously.
and but the decline in bitcoin did not reach 30K which I think the decline in bitcoin is actually our chance to buy and hold it for the long term.

Bitcoin will not go below 30,000 this week. I think it is causing panic among investors the rate at which bitcoin has risen is much less likely to fall below 30,000 its price is rising again bitcoin is going to go up again this year but not down so much this year there is nothing to panic about. You have to wait patiently until the market corrects this is a good time to buy bitcoin.

Many investors should have faith like you, because it seems that they are still being deceived by bad news circulating on social media which is actually detrimental because what investors are doing adds deeper correction. if they believe in bitcoin they should refrain from creating panic in the market because it will obviously be affected.
I hope this will be a lesson, because I am also sure like you that this is only a temporary correction because it will start to recover in the future, remember the real increase is at the end of this year.

I guess we're not going to see Bitcoin below $30,000 this week because the price has been gradually recovering and flirting very close to $40,000 level. Also, Elon Musk seems he had change his mind regarding his bad remarks about Bitcoin mining enery usage after he had talk with the miners in North America about the plan of renewable usage of energy.
His tweet may trigger a massive buy back this coming week.
So, I guess we'll be seeing Btc in a $40,000 level in the coming weeks.

It's a bit of a change in the talk with the miners and so Elon Musk can see how the energy he has talked about might have a better chance and not spread the bad anymore.

Today bitcoin has increased to the level of $40k I am sure tomorrow can be achieved if there are still people who continue to believe in the fortress but what I see on the news and social media netizens always tell Elon Musk not to make controversial tweets this will lead to it, right? bad for bitcoin and bitcoiners agree Elon could have caused this.
But thankful now that he is recovering.

It seems that the crypto market were fast recovering from the consecutive dropped of crypto demand in the crypto space. But honestly speaking, I can't really tell what would be the next possible thibg to happen in bitcoin or in crypto market. Last month we have seen the bitcoin market strong resistance possessed and this past few days we are all been surprised by sudden downfall. Though we are already expecting the price correction but damn people of cryptocurrency believes that bitcoin weren't go down as lower at $45k. But it is still good seeing crypto market recovering now.

I try to do a little analysis and look at the candle weekly. I got to the fact that the resistance bitcoin has to break right now is at the price of $46K and it looks like this could be possible because of the current fundamental. Currently bitcoin is trying to break the existing resistance but if it fail then the possibility of further correction will also occur. $30K is a strong support at the moment and I don't think it will be touched during the end of May.

No I don't think that it would go below $30K anymore it seems like the price drop is already over for this week,
For me it looks like it is already maintaining the price around $30K+ or trying to climb higher slowly.
But it would all depends on the Market,News and of course the investors.
What if before this week ends we would have another Negative news and creates a FUD there is a possibility that it could make it drop down below $30K.

Its possible but not that realistic as all those institutions bought at that price level and no institutions as to date that sold their bitcoins.

It wasn't really difficult to have that kind of faith in bitcoin if you are a long term holder. When it is going down and everyone is selling, people who do not sell and hold and then make a profit during the same period seems "genius" people but the reality is that when we buy from 5k and then not sell at 64k and it drops to 30k people think we are idiots as well, we did literally nothing, didn't sell neither when it is going up and we didn't sell when it is going down neither, we just ignored everything and that is why there was nothing we did that should consider us as genius nor as idiot.

Long term holders only keep their coins and do nothing and that's it. Surely there could be some other people that may have did this as traders but the long term holders were all just ignoring the ups and downs.

They better be ready because if it comes, it will test your faith in bitcoin, if you hodl long enough, you will reap the rewards that are bestowed to the people who have the patience to wait for the next big pump and ATH. If you can't hodl then there's no saving you because it is your decision to sell bitcoin when there is a big dip.

Being optimistic has nothing to do with rank you see, it all depends on individual believe and their strong will towards the market, some people are easily swayed by circumstance while others are not, ideally anyone who already been in crypto more than 4 years should not be too worried with the bear market but unfortunately as humans we can't help but worried when the market is down. It is a natural feeling.

For me I don't think it will go below $30k now but it would take weeks before we get back to $60k again. We quickly bounce when bitcoin reached $30k each a week ago so many people especially whales bought at this price and they won't let it go below that price because we could quickly go down on $20k because there is no resistance between those prices. If it bounces back very quickly then this will not be good for altcoins because if bitcoin price goes up fast then this means its dominance also increases. I think most of us that can only invest a small amount of money are into altcoins because the potential gain from this is higher than buying bitcoin now. If bitcoin slowly goes up and consolidates at a certain price range, then altcoins can catch up with bitcoin properly and make their new highs.

Neither they are ready or not, if the market will fall, they have nothing to do about it but just to embrace the market change. Because it was always expected that not all the time the price is in the Bullish, time may come that it turns down back again.

But I think that people are already prepared for this situation. They might be preparing themselves to buy more Bitcoin if the moment has to come. But the question is if the price will able to decline below $30k where we can see that the price of Bitcoin is rising back above $40k? It sounds like the market won't let the chance for the bear season, not this time...

Hopefully it won't dump, but if according to the analysis of the strongest Bitcoin support is at $ 30k,
of course this will really help so that Bitcoin doesn't fall below that,
I can't imagine if the Bitcoin price drops below $ 30k and altcoins will certainly bleed and dump up to 100 % more,
it's terrible, hopefully it doesn't happen

Very few investors think like that because they only care about the money, as much as they like to say that they believe in bitcoin because of its technology and what it can achieve in the forum they do not really believe that and just want some quick profits, I m not saying that is wrong but in a market like this that has such a huge volatility this is a problem especially when the crash comes and they decide to sell at the very bottom of the market only for the market to begin its recovery just when they sold their coins.

99% of people here on community does have that kind of mindset on where they do believe about making fast bucks or easy income with this and that's why they do really think off
on getting out in the market when they hear out some news or fuds which is totally a bad idea.

We are now playing in 38k price and somewhat stable or moving sideways.,There were no signs of possible dumps or crash but lets not really remove the thing that
anytime it could happen.

So better to prepare yourself anytime on what would be the price movement and make significant move about it.

yes, I can probably agree with your response about bitcoin at the moment, although in a very deep correction it is not seen from the beginning of the year that bitcoin will experience a decline at this time.
it's the bad news that happens on social media that affects all of this and we can't stop it because it's always a fact that social media plays an important role in the movement of bitcoin.
but not all bad news should always be responded to with excessive panic so that the market receives a negative.

but with the decline, many who previously could not enjoy bitcoin are given the opportunity to be able to do something now to also be able to own and enjoy the increase that will be received later.

I really believe that bitcoin will be able to bounce back because I don't see that bitcoin will continue to fall or fall below once between $20K-$30K, but stay above $30K and this is certainly good news because if want to increase it will be easier done.

This week is ending and I think it is safe to say that bitcoin won't drop below 30k USD this week but the next week is another question and so are the other following weeks, we just have to wait and see what happens next.

maybe if it drops below $ 30K, a lot of possibilities will happen with bitcoin, because a very sharp decline will have no good impact, without any improvement efforts where it can be ascertained that bitcoin is indeed in a period of prolonged crisis.

For this week it may seem like bitcoin will be safe above $ 30K and don't see any decline, but we can't predict whether at the end of the week there will be a drop below $ 30K. but hopefully that doesn't happen.

Currently bitcoin is in a fairly stable position between $ 30K- $ 40K and moving between it at this time, do not want to fall further down and there is also no want to rise above. we will wait for further developments, because optimists must continue to be awakened to it.

The support  at $30K had held the price twice the price is heading down for the third attempt I believed a lot of buyers will buy dip at that zone thus that may trigger a possible reversal, and halt the continuous bearish runs, I believe the price correction wouldn't go beyond 50% which is quite normal, we can't be experiencing bullish runs all through there is a time for the bear to run the market which is what we are presently experiencing in the market.

I am also expecting the same pattern the third time around, the market had a solid support around $28k and i hope we will not see further downhill unless there is a another FUD that could manipulate the market so hard that we might see another correction, other than than i am hoping investors getting the coins around those support levels and we could see these patterns for a while.

Theres a good range or box to BTC pricing recently and we are towards the bottom of that range and likely to rise from there for the moment.   Its just challenging the 12hr and might go on towards challenging the 2 day moving average and so on.   What tends to happen until we break the upper and lower range we continue to repeat up and down and that would keep us above 30k.
   See how this develops but for now its not breaking out up or down just yet:
https://talkimg.com/images/2023/06/12/AJomW.png

Yes I'm seeing the same. we all know know the market sentiment is a bit bearish. Bitcoin may actually continue this trend between $30K- $40K sometime more. The buyers walls weaken every-time, I can hardly believe that 30k support won't break during this bear market. There's a lot of strong motive, I doubt it’ll end earlier than the other cycles. Though anything can happen in crypto we better sell, short and buy back if you want this scheme.

I hope the price will stay above $ 35k for now, or even go higher. however, currently, the price is strong enough to be above $ 30k. however, sometimes the beginning of the month brings something new. I just hope that in early June the price of bitcoin can increase higher than the current price.

The market is undecided at the moment about where to go, it does not seem we can take a direction as even if the price is low and people are buying coins at the same time the price goes down quickly and it returns to its previous levels as people do not want to risk being on bitcoin for too long and are taking only short trades, this seems to me as if it is going to be the reality for the market for some time, however the soft fork that is coming thanks to the approval of taproot could be what we need for the price to skyrocket again.

Glad that wait is over as this week is looking promising and hopefully the market can recover from here. The sad News now would be if people in the community didn't fill up their bags because they were waiting for the $20k price range to be reach since it was all over the news of bitcoin dumping to that particular price.

The market always goes against how this so called crypto experts think. We should have realized that by now and start using it against them by placing ourselves in the best positions.

People seems confused on whats happening to the market the confidence to hold has been lessen thats why many has been doing crazy things in the market, but once Bitcoin at 35,000 $ up provably we can see more people are holding back bitcoin again. The fear of losing will be lessen so maybe we can see the price shooting  up again.

Until now the movement of Bitcoin is still stable above the price of $ 35k, and several times tried to return to the price of $ 40k but still failed.
Therefore, there are still many possibilities that could happen, it could be if a lot of FUD circulated, there will be a lot of Bitcoin holders who panic
and sell their Bitcoins. As a result Bitcoin could go down again, hopefully that doesn't happen. Actually, there's no need to be confused about
the current market, we don't have many choices to take, and the best option is holding Bitcoin that we have, because I think Bitcoin price will
go up again this week. So the possibility to drop below $30k will not happen if we look at Bitcoin's current movement and there are not many
FUDs circulating right now.

Its in a range still and theres a small uptrend the last few days.   I doubt its that significant but if held it would presumably build higher but if broken possibly lead us back to lower boundaries of the range since 19th May

https://talkimg.com/images/2023/06/12/AJJka.png

We've on the 2 day average with weekly matching the recent high, an attempt but ultimately we reversed back to this level.   Basically all 3 things are converging now, averages and this small uptrend and I presume we resolve a direction while sorting between them.

This week I see less the possibility of BTC falling below $ 30k, although the mass indicates that BTC will fall more I think it is an ideal time for those weak hands that have so much panic, sell and the bullish trend takes revenge , this scenario is shown here:

Strong Bitcoin Rally in Sight As Extreme Fear Grips BTC: Crypto Analyst Alex Krüger

https://i.imgur.com/rb9zsQi.png

and:

https://i.imgur.com/J8TiTMi.png



Source: https://dailyhodl.com/2021/06/01/strong-bitcoin-rally-in-sight-as-extreme-fear-grips-btc-crypto-analyst-alex-kruger/ (https://dailyhodl.com/2021/06/01/strong-bitcoin-rally-in-sight-as-extreme-fear-grips-btc-crypto-analyst-alex-kruger/)

The prospects are very good, of course very few analysts are seeing the market in this way, it is just a matter of waiting.

Yes i agree on that we an maybe saw bitcoin at 50k$ again, bitcoin is now starting to rise and there is no doubt that it will never fall down below 30k$, we are still at bullish price is still high and it start to rise again maybe 100k$ speculation at price till the end of this year will come true.

I saw bitcoin price stays above 30k$ and after so many days it never drop below the 30k$ price so I think it can never drop below 30k and i agree that there is a posibility that the price of btc will reach 100k$ at the end of the year. Let see how this price back to bullish again and maybe buying is now the most good action this time.

it is inevitable that in situations like this it is clear that many are using the opportunity to be able to buy bitcoin, when else will the opportunity occur that bitcoin experiences a very deep correction so that the price drops drastically. If you don't use this opportunity, then the time that has been given to you will disappear by itself.

we know that until now bitcoin is still looking for a loophole to be able to bounce back to continue the time left behind because external cases that come repeatedly make bitcoin unable to avoid it, so it undergoes a correction.

the bitcoin upgrade period is still there and real, will continue to run again after all can be resolved. because the time until the end of the year for bitcoin to increase and it's still quite a long time.

agree with your initial opinion, no one will ever know if bitcoin will drop to $30K, but very sure it won't. if it happens then we do not know what happened to bitcoin.

It seems that the cryptomarket is now recovering, though it is early to announce but it's good to see that bitcoin and other major cryptocurrencies made a great resistance to the dumped market. I just that we shouldn't have to witness the crypto market saturated again like bitcoin price goes dumped below $30,000 because it is not impossible at the same time. The bull run probably has ended but maybe bitcoin is preparing for another sky rocketed come back.

under $30k again? I don't think it will happen again, because when the Bitcoin price dumps below $30k it's just a wick,
and that is a sign that the support in the $30k area is very strong, of course if you think that bitcoin will fall more than $30k you will miss the train ,
buy when the price is $35k to $37k because thats a good price for enter

Any position that you take if you back it up with good research will give you benefits in the long run,

We can't say that it won't happened again since there are fuds that may happened and bring the  entire

market to shake down and those weak holders will add the pressure breaking the strong ground.

Bitcoin now is regaining back to the top and seems have no chance to fluctuate again because of the percentage itself everyday when i always try to check it in the market wherein a good sign indeed.. Probably this is the right time to accumulate again for the bullish as its keep holding as well at the current support in my personal opinion wherein just to don't miss the train.

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

But we are not so sure because the current sentiments tends to be bearish, so there is a possibility that we can go down to $30k specially if there is a negative news again. Yes, there could be support in the $30k levels but how strong it is. We can't even break $40k, that is the numbers that we need to look it if we don't want the price go to $30k or even below.

Nevertheless this period of accumulation should be taken advantage of every trader, to amass bitcoin and then hold for long term. We still have the last quarter of this year to see if we are going to see another massive spike in prices.

Thats true we cant certainly predict the price in the coming days or months since we dont have crystal ball to know it. But based on the past history, even the market turn to bearish the time will come the situation will be better and most coins are going to recover back.

Somehow the price is recovering but still unstable. We are on the last month of second quarter, uncertain if the price will stay this way or will bounce back. Sometimes its better not to often monitor the market to avoid overthinking. Just go with the flow and forget for a while the market condition.

it does and you are correct.

I wish i saw this before comes to happen because i hate to say this but i have need some funds badly this week and i had no choice but to withdraw part of my Bitcoin holding even if i don't want to do.

instead of taking loans , i rather convert some coins.

That's the beauty and ugliness of living in this world and doing things, you never what's going to happen next or what's in store for you. 30k is still normal in my opinion, we just got to accustomed to the high prices and big pumps that we thought that a dump in 30k is a bad thing, of course it will go back up again but we have to wait for it to happen.

I think it is also normal to see the price of bitcoin going as high as $60k as we have touch it already because it will make us happy as our portfolio grow. But many investors are so down, looking at their portfolio now because it is -50% or near that levels. And since it's been weeks now and even $40k is rejected instantly, I've said everyone should learn to accept that it might take some time before the price goes up again and recover. So yes, $30k might be the new norm for now.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

Are you sure? 30k will have a lot of resistance but it is possible that whales push it down that far causing panic in the market while creating their own buy orders lower. I would say below 30k is possible. I know the post was from last week but now we see that Bitcoin struggles a good bit more than last week or at least at this level.
I wouldn't like it though because as we all know it has a lot of influence on all other coins as well. That's annoying every time when Bitcoin drops all your other crypto assets are in shambles as well.

It is really hard to see if your portfolio is going down, however, if you are here for long-term, just think that this phase will also pass. And from where it sits, it seems the stronghold for above 30k is good. But in this market, everything is possible, so yeah, it may go below 30k before we know it. And if that happens, don't panic, as you may execute decisions that you may regret later on. As early as now, you should be ready for that situation, and list possible scenarios that you know you can take advantage of.

Bitcoin is still in the consolidation phase, but if the $37,000 level doesn't gain momentum then bitcoin's position will either deteriorate or will fall back below that price and but I don't think it will reach below $30,000.
surely many are disappointed with the current movement of bitcoin and yesterday the bitcoin price rose again and did not break the $40,000 price and if it is reached there is a possibility that it will continue to rise, there is no choice but to hold it firmly, don't panic and stay patient.
and a lot of bad news for bitcoin that might affect bitcoin's decline which is hard to bounce back.

If you keep looking at it from time to time for sure you will get depressed especially the market still going crazy  better turn off your trackers for a while to forget what you have if you are for long term but if you are for short term better do some cut loss and wait for better position to enter back the market again. Seems bitcoin will stay at this situation for quite  long time so  expect that w can only see fewer pump and dump schemes.

Still 50/50 though, if the consolidation didn't have a break out run to $40k-$42k, then possible that the price can go down below $30k. But if there is a break out run, then we might see some bounce and then probably resuming the bull run.

So currently, it's a wait and see mentality for some investors, maybe they just wanted to be cautious and still looking for indication that a possible push might happen.

I corrected your title question.

your title adds to google's ability to look really bad for BTC.

There is nothing that we can claim is a sure thing in this market but we must remember that whales are not completely united, if a set of whales decided to crash the price there could always be another set of whales that could decide to buy those coins for a discount and prevent the crash, it is not like they will do this for the market, they will do it out of their own self-interest which is a way better motivator than anything we could try to do to motivate them to defend that level.

haha.. that's right, but everyone has their own call on bitcoin, someone could be bullish while the other is bearish. It's hard to know if someone is telling based on the real basis because if we invest in bitcoin all our predictions would be biased.

We need a lot of big news or whales to push the price up, so far it's been a month of Bitcoin trading at $30k level I don't want to call it disappointing, even though some people are calling it that way that Bitcoin stops moving when it hit the $50k level, but we are coming from a huge $5k crash just last year and it's not disappointing for people who bought at that level who are still holding.

It retried to break that 30K support again but I guess the South American countries are buying the opportunity this time that made the bounce. If it's going to keep coming up this time, then the bullish market will continue.

The El Salvador president had made a domino effect after they settle Bitcoin being a legal tender. Quite an extraordinary move of a small country but did a ripple effect.

Yes that is good to hear and very welcoming developed for bitcoin enthusiast. At least we have some positive news to come after an almost months of reading negative and FUD around crypto and mainstream media.After going down to $32k now the price has bounce back to $37k already, and a 10%++ gain in the last 24 hours or so. Proving after all that bitcoin is resilient and it will have a good bounce, so people shouldn't be disappointed, maybe the bullish sentiments are back.

As the days went too crucial, that doesn't come to a point that below $30k has been initiated. But the real problem right now is with several alts who've been following through bitcoin's milestone. It had been bloody for most weeks and I don't see any good signs for now, though I hope positively but fears and worries couldn't be stop.

https://talkimg.com/images/2023/06/12/AJIhZ.png

Looks like it can break a downtrend here, also the weekly average is about here and confirming above both on 4hr or daily bars would seem we continue positively until repeating a challenge to greater resistance over head.  I'd also speculate we are within a range of prices and recent lows were the bottom of that box.   We are rising but have yet to break range especially just proving a repeat of price action in this area, this does make us more positive then many speculated and a clear downtrend to continue futher downwards is not yet apparent.

As days goes by bitcoin price suddenly goes down and its possible that it will break down under $30k it its value. Even if this happens it will surely bounce back in value we all have to do is wait just like before when bitcoin price crashes and bounce back higher in value after a few years.

now the bitcoin price is starting to increase slightly again, this happened due to the positive sentiment that occurred after the el salvador parliament had approved the adoption of bitcoin as a whole in the country, in my opinion the fluctuating price of bitcoin makes us not have to worry if bitcoin experiences a price decline because when there is The positive sentiment that occurs will certainly push the bitcoin price back up, as you said it's better for us to wait and not panic at all when the bitcoin price drop  ;D.

Yes, its conceivable that it will break down under $30k, just two days back Bitcoin close enough this resistance. However, Bitcoin shoots to 38K earlier today and likely it will continue pump and dump scheme. It implies the big boys institutional smart money is moving in because they already know the game. what happened right here looks really fishy.

It looks like Bitcoin is in good shape and is bullish in lower time frames after testing the $32000 support level. The long downtrend line around $38,100 is the major resistance. As I see it, a new attempt to break the descending resistance level is underway. If BTC breaks the downtrend line and hold above it we will see a retest of the $39,500-$40,000 area.

El Salvador saves Bitcoin bearish trend right now and it's good thing to see Bitcoin recovers up again. Maybe we can see it more grind and recovers back at 40,000 let's just see in next few days if no fuds came we can see a bounce back in future. This El Salvador came in perfect time and maybe other country will follow after this.

If you look at the bitcoin situation after a deep correction it doesn't seem that bitcoin to move down to below $30K, only 2x in a month bitcoin fell close to $30K was at $31K-$32K and after that never experienced again and remained calm in the range it seemed at a fairly stable figure in the $33K-$40K range. hopefully this will continue to be done until there is momentum from bitcoin will be able to rise again.

hopefully what you say about El Salvador saves Bitcoin bearish trend right now, will have a good impact on the direction of the revival of bitcoin. I hope that what is bad news even though it still exists will not shake investors to move to take actions that are actually detrimental, with provide benefits for people who are looking for opportunities for it. let this be an experience that doesn't need to happen again and don't pay heed to these people anymore and don't be given another chance to do it for personal gain.

As usual, bitcoin is always here to create a new ATH as its demand increases over time, but sometimes due to hype and FUD, the price is so volatile and it could be overvalued and undervalued, so it's really hard to say the real status of the market. But now, since the correction is happening, it should give us an opportunity to buy cheap, and always put in mind that bitcoin will break its ATH making us profitable able.

It could go dip below $30k, but it will recover, for short term traders, always pay attention to the price movement but for long term, always focus on the long term and look only for more accumulation opportunity in the short term.

It's been there before and Bitcoin survive and bring good compensations to those long term holders.

Like what you just said, what's annoying now already happened before, those who survive and believe that this situation will changed up
bounce will happen again, if you have good spare better to buy more and  continue holding your assets.

are you from the future? Is it true that Bitcoin will always go up in the future? mate, we don't know what the future will be,
we better be wise about this, Bitcoin's strongest support is at $30k, just wait until everything is safe and then enter, if $30k is passed,
then we will see Bitcoin price really bearish, and bottom of course not yet known

To dump to lower prices requires a break of range which I dont think is happening immediately this week.  BTC has a strange dynamic in its weekly bar is ending on a Sunday which doesnt include the full range of markets, its maybe Monday you should take most notice of even though its also the beginning of a new bar.

Anyhow I would guess we have a light touch and are rising upto the boundaries rather then breaking down especially now.

https://talkimg.com/images/2023/06/12/AJEzf.png

Nothing is certain, just my estimate of a fair range to note based on prior action

Well thats his just prediction only but if we base on reality this could never happen, maybe we can see the same scenario when bull run cames that bitcoin price pump harder but its impossible for it to pump up always like crazy. It was traded on the marker where anyone can msnipulate it, maybe the real scenario to see in future is the bitcoin price is at 6 digits figures at that time.

I don't want to spread a FUD. But I never read about the Bitcoin price that will go down again until $28k before rising up. Well, if the price break the resistance and the price of BTC is really under $30k, it will be a very big change. The price drops so much more again. And the chance is to wait for the bullish season that probably will need more months again to rise up. So, it is better to be calm and see what the market will do., Never panic sell or buy crypto right now because it will really give influence to the price

I think the bitcoin bottom in the future is at $30k and it won't be possible to get below that.
currently the bitcoin price floor until the next halving is around $30k there may even be a new floor in the next few months.
the price of bitcoin this year I think it's still not at its peak we just need to buy it as much as we can at the current low price believe me in the future bitcoin will be even more fantastic than this year

Maybe this could go up, but based on the market trend it is supposed to break $38k by now. Nothing big has happened, and the price is around the $35k range. If it didn't gain resistance surely we'll see less than $30k in the falling weeks. I don't have an exact timeline for the price movements. Somehow within this year end we'll see the price down to $25k for sure.

Nothing is impossible when the market is bearish, we've witnessed a lot of big dumps in the past and the market is not changing, so it's likely to happen again. When we see a panic buying, a panic selling could also happen and that's when the market correction starts.

I'm not worried about bitcoin going down $30k, it's a normal thing for those who are not aware of the price movement history.

Any price could happen, but eventually, bitcoin will recover and will have a new bull market.

In my personal opinion, even though it's not certain, it's very likely that it's more than 30k+. If from the price movement, it still has the potential and is more dominant in the upward movement, as for other things that could affect it.. that's not certain but I still believe it won't go down further than 30k.

Everyone can make their own prediction and that is his own, and taking into account that countries printed a great deal of money during the pandemic and they are going to do it again in order to improve the economy then it is safe to say that over the long term the direction of the price of bitcoin will be upwards, after all this is what see in the history of bitcoin, if you see the price then there are ups and downs but when you see the average of those prices over the long term the line that is drawn is almost always going up.

That's the right thing to do, based on the history of bitcoin and we will never fail the uncertainty of its future. Our countries are printing money, and that will lead to hyperinflation in the future, we might not feel it yet now but this unlimited supply of money our government has has a lot of hidden agenda inside that a normal citizen did not see and understand but we will eventually feel the effect.

Bitcoin has gone back up to $39k now, even though many people thought that the price of Bitcion had dumped again,
and some had already taken profit, but when it changed instantly, this is the cryptocurrency market!, no one can set a benchmark

a few weeks ago also the price of bitcoin had exceeded the price of $ 40k, but quickly dropped to the price of $ 32 and back to the price of $ 35k. we don't know what will happen in the future. although the potential for bitcoin prices to be below $30k is there, but seeing the price rise to $39k today makes me confident again that the bitcoin price can reach more than $40k in the near future.

Everything indicates that the correction is over and the price of Bitcoin is starting to rise again. I think that for a long time now there will be no chance to buy BTC at such a low price. A drop below $30k in my opinion will not happen this year.

We've seen this before, if it's really over then we will see bitcoin back to $60k, if it's not then bitcoin will stay at $30k and will probably fall. There's no more hype, we might again disappoint with our expectation, but let's see if bitcoin could get past $40k as that's the first barrier.

It's only a few hours after bitcoin reached $40k and not yet a full day has passed 40k even I still doubt bitcoin will stay at this time, and surely the correction will occur again with a decrease of $30k.
bitcoin's reach is still uncertain whether this hype will start or not because the situation is still fluctuating with existing resistance, so there are still some investors who take profits now and this and sell it then wait at $30k and buy it back.
I think the ups and downs will continue to happen and take effect in the next few weeks.

This time the market will soon cross the $40k barrier. Once that is crossed we can expect a big growth on successful breaking of $42000. If the $42k barrier isn't crossed then we can expect the decline in the market. The price could've gone low to $30k by now, but the manipulation from Elon Musk is driving the market forward. So, anytime there is chance for market crash.

It did break the $40k barrier, but I don't think we have enough momentum to push to at least $42k. So we will see if the price will sustained, or if there are speculators going to sell, specially those who bought at $32k and make some easy profits.

Yes, I believed that we will continue to see so much volatility in the market unless we go to $50k which is very doubtful this month. But I do hope that $40k will be at least the norm this month and wait then for another break out run.

Finally, Bitcoin is back above $40,000 and maintaining it until this point. Massive bull run if maintained above $42,000 however I have question about that. We need to remain above $42K area to confirm the bullish movement. Elon Musk could control market, his tweets show that the crypto market for the present is a joke. Let's forget Elon Musk for a while, we'll break the wall at $42,000 this time?

We successfully resisted at $30k and quickly regained the catalyst in El Salvado, Taproot, Elon & Tesla.  Assume that the market is going to form a short sale, returning to the $30k level after rallying more than 13% yesterday.  That would be goddamn madness.  Elon and Tesla are still in the game, but I don't think they'll ever act back for the trust of this community.  43k-45k coming this week is reasonable given good conditions.  Personally, I'm ready. The indicators on the chart have changed significantly.

The price is never something you can predict, that is why we are not super wealthy people because if we could predict it correctly each time we would have done that and become richer than Jeff Bezos. By the looks of it the correction is not happening right now, it doesn't mean that it's over, it is just not around right now, maybe a trust check by the investors after Elon tweeted or whatever the reason is the price is doing fine for now.

What we will know is after a while the price will either drop down just a bit and it will be decent, or it may not drop and it will have a huge increase and that will be the reason, I do not know which one will happen but before any of those directions happen we will not know about it. I believe there is a good chance it could increase and go high very soon, but I do not "know" it, I just feel it and maybe I am right or maybe I am wrong who knows.

30K for me was sort of bottom only and couple of times it tested and could manage to resist that and now we have seen btc crossing 40k. Seems if it can resist this 40k for couple of days then we might see it moving upwards towards 45k and slowly btc will regain it 50k mark in coming month or so.

With Elon Musk still playing around I am still being cautious because I now don't trust this person and his actions if it is related to crypto only. But with growing acceptance and faith for Bitcoin we might have resisted it but just to be on the safer side don't put all in one basket.

It's been a while since bitcoin has been holding up to $30k, and now it's very close to $40k. I'm also pretty sure that in the near future, we'll see another $50k price tag. although there is currently no trigger for it, but the price of bitcoin may look easy to rise to the price of $50k once the price has exceeded the price of $45k. hope it happens this week.

Indeed, bitcoin will again hit $50k price if it can break $42-$45k price level as 200 MA and 200 EMA is on that zone which is now becoming the strong resistance just like $39k was previously. Also, bitcoin needs to break that zone to avoid death cross and we need huge volume for that as well. Hoping to see another bounce in the upcoming weeks as we're close to the death cross. Lets just wait and hopefully bulls will be on leading to pump it.  ;)

there are 6 days left to complete 1 month since this thread was made and I think the question of Op is still being asked at this moment by hundreds of people: will the price drop below $30000? With the price being rejected at over $39,500 the uncertainty will remain in the minds of many people. in my opinion i think that only if the price drops below $30,000 we could have cause for concern, as long as the price is above $30,000 we don't need to be worried, and to be honest I think it's impossible for bitcoin price to drop below $30,000 this year

As we can see bitcoin dumps are gone, because we are in a bull market once again and people are quite happy with what we are living right now. I get that it is not always like this but it is like this for now, we should take advantage of it while we can. We broke over 40k just the other day, and we are a bit lower right now but it is like just 1k or so down, this could be accumulation phase and we could make a lot more money.

I really hope that we could make a decent return from here and reach to 64k+ prices and break ATH, I know it is not going to be easy but it can be done and I hope that it will be during the summer because usually summer is a bear market period and when we end up higher during summer that means it is going to be even better during winter as well. I am not sure what is going to happen, this is just my guess and hopes that's it, I can't guarantee anything.

no and will never be , there is no week of this month that Bitcoin will drop below that and what we got is a bottom when we touched 32k.

Only manipulator that goes with the flow from that statement because look at the market now it did not even progress from 40k.

I would not be too confident on that, bitcoin is very unpredictable, after it breaks $40k, it started to fall down again.
If what we will see is more downtrend, then there's no doubt that the bar market has already taken over.


Manipulator is here and will stay for long, you can judge by the price movement, it's very volatile, one day it will pump hard, the next day it will dump like everyone will be panic, that has been the nature of crypto, but hopefully it will change in the future.

The guy above you was asking about a possible dump in the next few days since May 23, and it has been more than 3 weeks and obviously Btc didn't dropped below that level. However, we cannot always guarantee about our price predictions. As you can see, there were good news about Bitcoin adoption (El Salvador) and yet there were no market reactions. Also, the Chinese banning of crypto mining has been circulating around the internet, yet there's no market reaction as well. 
There might be another thing that'll trigger Btc's price except the FUD and Hype.

social media does play an active role, I agree with you that really hope that no big bad news leads to a very deep correction. let people like @elonmusk never be given a chance to be trusted with what is said because he just wants to make a profit from it, for the benefit of himself and the company.

if he continue to be given bad news opportunities like this, it will continue to happen and is not good for the development of bitcoin and crypto in general. let us just listen to the good news in order to increase bitcoin.

we hope that bitcoin doesn't fall below $30K, of course it will have another impact on bitcoin's development, although I'm sure bitcoin will continue to increase by the end of this year.

And now the price is going down again, things are in a sort of limbo, the market does not have the strength to recover and the price cannot go down anymore, to me this seems like an artificial creation by the whales as they benefit from these low prices and they are taking their time buying their bitcoin as a way to avoid the price going up too quickly, but this cannot last forever and things will eventually improve, just make sure to still hold your bitcoin when that times comes.

I have to say, market not as longer bullish any more. So much disappointment out there, and things turning bad again as Bitcoin break the $37K support zone. If downtrend continues we will see more volatility in the market. Bitcoin is going down as many technical analytics said it. Bitcoin should hold the support zone otherwise we see quick dump. I'm thinking only long term here. 

this week will be scary for Bitcoin, because the $37k support has been passed and the breakdown,
and if $35k is also exceeded then we will see $30k for a few times,
and $30k if not strong enough then we will see terrible things this year, yes be careful,
don't let you hold altcoins and bitcoins during a bear market.

Social media plays a role BIG TIME in crypto, it is really one of the most important places, specially twitter. I do understand that there are some people who would like to make a big deal out of Elon Musk but the reality is that there are way too many crypto twitter accounts out there and they make a big noise as well.

There has been a ton of other coins that went up during this past year because of those places, I do not remember the name now but something like btt or something went up like that, and there was this fan token thing (chilly or something? that went up a lot as well, that was not about Elon Musk, he did nothing but it still went up, all because people tweeted about it. Long story short we are talking about a period where things are going up like crazy because of twitter "influencers" and Elon Musk wasn't alone in that regard.

Since that moment bitcoin can no longer go higher and capitalization dissolves into silence and disappears, every week is a very long story about the fear that we and bitcoin can't get through this difficult situation but thinking about the past, I can only be as resilient and strong as I have accumulated in life. The bears start playing and soon get bored of this party we will also be safe again, it is not necessary to let our selves fall into anxiety, bad morale will greatly affect the process and results, a strong investor must not live in such a way.

it's still very scary to see Bitcoin price movements on the weekend, yes this is because some traditional markets close,
and make whales unable to contribute to the market, as a result many people do fake buy and sell, and volatility goes up,
of course this will affect the trend of Bitcoin in the market, don't be fooled

Don't be scared, we've seen the worst from the current price, we have to understand where we came from before we reach a new ATH this year. The price was below $20K before the bull run starts, and we are still higher than the price before, so even if will go below $30k, we are still in profit if we bought during the dip, not the peak.  We are not in control of the price, it always depends on the demand, and it could fall like before, so be strong to hold.

Still good in terms of stats since last year, there are lots of fuds and too bad that newcomers are

being victimized by those people, instead of keeping their assets they believe that more dumped will come

and recovery is no longer coming. It's very important that you fully understand how volatility really affects

this market, afterwards, you'll able to comes up with good sets of plans and you won't be shake by anything.

However I do not see it as being bearish, we are going sideways trapped between the 30k and the 40k level and it is going to take some time to the market to finally take a direction, however I think there are many reasons to think the direction the market will take next is upwards, the bears have been trying to make the price to go below 30k and they have failed, which means this is the new floor and as such bitcoin will go up but it first needs to get rid of the weak hands.

Who wouldn't? but if you have the mentality of a holder and been in crypto space for many years, probably you won't move even if you see the price moving this weekends. Not sure though if it goes below $30k or $32k is the low during that time.

However, it seems that we have bounce back a bit again, currently at $34k and hopefully it will stay at this phase and reach $36k at least this week.

Yes, bitcoin bounces back, but I'm sure it will not push through to the uptrend position. Bitcoin is already bearish, so even if it will not dump below $30k now, it will also not gonna break the resistance, let's do short trading, take advantage of this predictable price range movement.

If you have that knowledge shorting is the best way to earned decently while this movement still unknown,.

Bitcoin and most of the coins inside the market are green, providing good amount of profits for those people who understand well and make
their move while trading inside this venue.

currently Bitcoin already gained almost 15% if you able to catch it from the very deep the profits is high enough doing the day trade strategy.

Bitcoin investments always make sleepless nights, especially those who buy when the price $60k, because there is a lot of speculation that the bitcoin price is $100k, unfortunately the market is correcting so that it is only 50% of the highest price. I hope it doesn't take long like the trend of 2017.

We can't tell that, the market still volatile and the chance to fall more still possible if there's no buying pressure.

Opportunity for those latecomers and those who have strong believes that this market will bounce back and continue

the bull season, while for those who bought @ the peak surely stuck if they are not willing to lose their invested money.

And as a Bitcoin investors, you should know that risk involved as the market is very volatile.

But if you bought at the price of $60,000, then you just need to HODL as if you sell, you will obviously lost 50% of your investments already.

I'm not really sure what trend you are referring in 2017, but during that time there's also a lot of ups and downs and eventually reaching a all time high in December. So it might be same or not at the end of this year.

Not that week mate but Month after , because in this week of June the price of Bitcoin decreased to below 30,000 and indeed this happens couple days ago.

you have a great speculative idea so best to share it here for many to consider .

If i were you, instead of not sleeping waiting for the price to increase? better decide if you will sell at losses or you will consider the holding and just forget for a while.

While I can understand that people are not happy if they bought at that price at the same time I wonder what were they thinking? The bull market had been around a full year and they had all of that time to take advantage of it, so they are the ones at fault by coming so late in the game, however if they have the right mentality this is not such a huge mistake, I really think that if they just hold for a few moths they will get profits but even if it does not happen so soon they could just wait until the next halving and see a new bull market emerge and get profits that way.

The right strategy here is to hold until the market recovers and have its bull run again. Last time, the bull run does not come right away, it takes years before it comes and that means it's a long hold for those who still trust the market and got rewarded big time for their trust. The same formula that we should apply this time, it's like a roller coaster right, eventually, we will reach again at the level that the market is in a bull run.

Quite scary for those who buy late or in the $40k level and did not sell, they will have to cut their loss or wait for the price to get better, the anxiety is always there every time you look at the price, we have to be optimistic I don't see any pandemic like news and the economy of many countries are getting better, the good news is coming soon in the market.

instead of feeling Down why look at the ;positive side?

we can use this chance to buy when we can't do such when the price is growing more than 60,000 usd.

i remember the posts back then asking when will the value fall down and now that it happens all they want is the price to climb .
isn't a greedy attitude?

i don't feel sad because i am aiming for years holding starting this 3rd quarter.

Heres the scenario I'm looking for at the moment, its not as clear cut as drawn because we can cross back and forth but its something to watch if we break an old trend and make a new one.

https://talkimg.com/images/2023/06/12/AJdJC.png

The recent low was a higher low so that could be taken as a line to hold here, not holding that positive appreciation would seem to confirm we are not able to breakout upwards just now.   I dont think its exactly obvious either way just yet though.

well, even when the bitcoin price hit $60k, there were a lot of people who believed that the bitcoin price wouldn't drop below $40k, and now that price is clearly visible. for now, the price below $30k is still very close, so, it's very possible. bitcoin has fallen by more than $10k in the past few days, so for now, we need to be vigilant. however, I believe that the current price will start rising slowly.

They are not here before the last bull run because they don't believe bitcoin will drop below $40k, that is a wrong perception and the current market has proven them wrong already. Bitcoin has been so volatile, it even reaches the point that people thought bitcoin will not recover anymore, but look where it is now, it's at $30k and still at a good price even if it has corrected its price.

Thing is, bitcoin is not built for short-term success, with all the manipulation, the hypes, and the FUD, it's normal to see it pump and dump but its long-term growth is very positive.

Yeah, at the same time if the price fall is healthy because corrections are good, then that means 30k is good as well, if its not good that means 30k is not good, you can't have both corrections as good but 30k as bad. Of course you could have corrections that are smaller, but right now the price is in the range of dropping to 30k and still being close to where it is right now, which is why it could still be considered a correction, I am not saying accept 20k as correction but 30k is still at the correction level as long as it can recover

 I believe as long as rich people keep accumulating bitcoin at every level (10k, 20k, 30k and even 40k) it is fine for all of us, because when they accumulate that means they will want to see it go up and do whatever they can for it, which is why drops are not a big deal anymore.

In the long term perspective it's already been proven that Bitcoin provides  huge profits for those who continue to buy

and hold, people who invest and think for this asset as their long term investmen/retirement investment, instead of

working with stocks, Bitcoin mnaged to bring very decent to those who holds and wait. Only those who understad and willing to

that big risk will short this asset.

This, of course, cannot be completely ruled out. Over the past two months, Bitcoin has already dropped to the $ 30,000 mark several times, but then it has always climbed to the $ 35,000 level. In the past few days, it has risen in value again, and with it other cryptocurrencies. Now it is close to $ 36,000 and it is possible that the price will rise further.
It is still difficult to predict the future development of events in this market in relation to the price of the cryptocurrency. It is most likely that prices will continue to fluctuate until the fall. However, cryptocurrency always surprises us.

30k seems to be the absolute bottom that we are going to reach and this is great, people are doubtful of buying bitcoin right now because they are scared and while I understand this at the same time they need to get over it, after all I think we are going to see the bull run once again during this year which means this could be the last time we see prices as low as the ones we are seeing now, and all of those that do not buy now are going to regret that decision for the rest of their lives.

The prices really did go below 30k but it quickly got back to 30k, I am congratulating those that have both at around that price point and have profited a lot when the prices has gone back up.

I didn't notice it, maybe I was not paying close attention to it.

Well, if it falls below $30k, it's still not so significant as bitcoin has recovered and stayed above $30k.
The struggle continues, we might not see a $40k anytime soon, instead, we will see a $20k in the weeks to come.

The hype seemed to be gone already, and so the bull run is over.

the price touched $28000 temporarily and soon thereafter had a strong rebound to above $36000, it has been like this for some time, whenever the price touches below $31000 then it tends to go up to $37000 - $39000. this in my opinion is something normal, when a strong support is not broken it always tends to go up a lot until it finds a strong resistance which, if not broken, tends to fall a lot to the stronger support. a bull run would start if the price manages to break $42000 to $44000


it didn't take long for the price to recover from the drop it had to reach $28,000

Actually, I thought that it happened in the last few weeks, but it doesn't look like it will be for long before the price rises again. Bitcoin price has really been in the range above $30k for the last few weeks. I expect to see a price of $40k this month, but that seems pretty tough too. Well, I still don't expect the bitcoin price to drop below the current $30k price.

Social media is still affective on the price indeed. The more people start talking about Bitcoin on social media, the better for Bitcoin. Because it also helps people make new investments into it. And as the demand increases, the price does the same too.

I think it went below that level for a few hours but it is still the floor of bitcoin as it was heavily defended by retail traders and the whales, right now we are right in the middle of the range with the price sitting at 35k, so the price can go in any direction, lets just hope that even if these market conditions last for a few more months that we still have something left in the tank in order to see a bull market at the end of the year, which is I think what we all want to see.

The price has a more downtrend than the uptrend, we used the $60k as the basis, and see where we are now. The problem is, bitcoin is struggling to break $40k which makes me think that it will likely go below $30k than going higher than $39k. We cannot guarantee but we have to always believe our prediction based on our experience being an investor and a trader.

Support levels around $30,000 are still quite strong. For the long term investors, there is nothing much to worry. Look at the larger picture. It was a continuous rally fro $8,000 to $62,000. Obviously, once the rally ends there will be some amount of profit booking. That brought the prices to ~$30,000. Now that profit booking phase is over and Bitcoin seems to be stabilizing at ~$35,000. The user base continues to increase, and acceptability is also on the rise. So in the long term the exchange rates must increase. The stabilization phase may last a few months and after that we will be having the next major rally, which will take BTC to six digit prices.

Yeah, this kind of movement is normal I guess, the rise to $64k was impressive indeed but we can't sustain that run. Investors will have to book their profits and then we will have negative news to come and pull the price down. Just the nature of the market that we are all in, and timing is the key. Last quarter of the year might be the next major movement that we are expecting. And I do hope that the eventual 6 digits can be reach, it could stretch to early 2022.

I think $64k is the highest price in the bull market right now. we won't see bitcoin hit that price again except in the next bull market (maybe next 4 years). Experienced investors must have understood this condition and would not feel panicked.

the bitcoin price is currently stable around $30k, that's half the price from the high. this is not so bad when compared to 2017 when the price of bitcoin fell very far after reaching its highest price. Is this a sign that the bear market is over? No one knows

It's too early to say if that is the highest that we are going to see, at least for this year. So if we are going with your argument, (4 year cycle) we are not yet done because we have the next 2 quarters to see what will be the final price this year. Yes, we are in the bear cycle, but we are not yet done. Let's say we should remain optimistic, and hope that we could get to another all time high before the end of the year.

I also think that now the market conditions are still uncertain and the possibility of a price crash is still there, although the last few days the bitcoin price has rebounded but after that the bitcoin price has decreased again, the negative trend that occurs in the market in my opinion will continue for several weeks going forward and it is possible that bitcoin prices will fall again to touch the price level of $29K-$31K at the end of this month, now what we need to do is continue to monitor the market and see where the market is going so that we can take the right attitude in investing.

The BTC has been with very good movements, some in bullish style but the offer has been increasing, the bulls may be trying to continue testing more price levels, for now the price looks very nice, it is around $ 34k, no a possible arrival of $ 40k is ruled out.

The BTC has been with very good movements, some in bullish style but the offer has been increasing, the bulls may be trying to continue testing more price levels, for now the price looks very nice, it is around $ 34k, no a possible arrival of $ 40k is ruled out.

https://i.imgur.com/DcJQtq9.png
Source: https://u.today/btc-eth-bnb-ada-and-doge-price-analysis-for-july-6 (https://u.today/btc-eth-bnb-ada-and-doge-price-analysis-for-july-6)

It is necessary to emphasize that now it is very likely that the news will be better for BTC, therefore I do not think that it will go down by $ 30k or less, however everything is possible, but for now in the short term I do not see it possible.

That's true, most people might think it's too early to say $64k was the high price but now the bitcoin price has lost half of that high. I continue to be optimistic that the price of bitcoin will rise again and will surpass the previous high (although against my logic)

Right now the price of bitcoin is still not stable, and it is likely that the price decline will continue for some time to come, especially now that trade is starting to move in a varied manner so there is a possibility of a price correction, as is the case today the price of bitcoin has decreased by around 6.7 % and fortunately in today's trading the bitcoin price correction is quite thin compared to the correction that occurred some time ago, but even so I'm not sure if the correction will stop at 6.7% and according to my opinion the deepest correction will occur this weekend, so it's better to continue to observe price movements in the market so that we can anticipate every possibility that will happen later

today bitcoin was trading around $32,000 per btc is down 7% over the past 24 hours. i think the next level of support is seen around $30,000, this weekend or friday prices can touch 30000 usd per btc always because buyers will likely wait to return near $30,000 support, which is the bottom of the month-long trading range  , i am sure if level 30000 broken we can see bitcoin 25000 usd per btc at latest in my opinion prices can fall bellow 20000 too this summer july or august  because the bear market still active

It's true Bitcoin has lost 50% but in a bearish market anything can happen. It’s not a uptrend yet it still can go to 30k anytime or even lower. Meanwhile, Bitcoin tried couple of times to break the resistance of $36K but failed and just stable between 32.5k and 35.5k. I have learnt the hard way last 4 years, so I'll with BTC no matter what.

After moving this far down already, we are probably seeing the tail end of the move but it can still move fast in movement like a bull whip effect from the long line of momentum that has come previous its a crescendo effect I guess.

We are below range from Jan but this still needs to be confirmed.  Also we are regularly below the weekly average and suffering below the 50 day average, previously a positive indicator that underlined the positive action of this year.   None of that certainly means we trade below 30k but there is some negative tendency also Dollar is appreciating some, bonds reflect apprehension in the market and generally that favors plain currency over crypto or various speculative assets in perception.

https://talkimg.com/images/2023/06/12/Ayeso.png

Anything can happen, but the 30k resistance level seems to be very strong so I am not really that worried about the price going that much lower than that, also while people are complaining about the low price of bitcoin this has only lasted for a few months, the positive tendency that we saw was much longer on its duration so I do not think things are as bad as it may seem, if we could surpass the 40k level then I am sure the hype will return and the price will once again begin to go up.