Bitcoin Forum

Hello BTT Users,

As You all Know That Elon Musk Has a Great Role in Current Btc Manipulation, and as tesla bot acept bitcoin btc more due to bitcoin energy issue.
Now A Big Meeting is going On 22 July 2021, Between Elon Musk and Jack Dorsey, So what can happen in this meeting? As Jack always try to do good for bitcoin sp he will Convence elon and
Tesla will again Accept Bitcoin? Btc will got o 20k$ or 70k$?
As I am Perosnally Thinking that we can't Ignore this meeting,
what you people can think? Share Your views

For now, bitcoin continues in an uptrend. But I think bitcoin will test the $20,000 levels this summer. If it can catch a hard exit from the twenty thousand levels, it can really reach the seventy thousand band in a few months.

Elon Musk, that market manipulator, he only knows how to manipulate the market while some people are following him because of the manipulations. If Elon musk likes or not like, bitcoin will survive, bitcoin does not depend on him, it will even be better for him not to accept bitcoin for Tesla so we will know the true bitcoin users like Microstrategy. All I know is that bitcoin price will always increase, the price did not depend on anyone.

There's no connection between Tesla not accepting Bitcoin and its energy usage because it was the same months before it chose to accept it and it will be the same months after Tesla stops.

For me it's going to be neither 20 not 70.
Not 20 because people are waiting for this round number hoping they'll be able to buy there which means it's never going to happen. Just like when people were waiting for 1000 USD in 2019 because some traders were predicting it and it never happened. Too many buyers at 20, maybe we'll reach 25 if it goes bad for bitcoin.
No 70 because it's too early for this. We'll probably be consolidating for months at levels below 40000.

We’ll never see $25,000 or below again, quote me on that.

The problem we’ve had with regards to Musk & his FUD on bitcoin is that he’s been a law onto himself on Twitter. He drops these FUD bombs & nobody can respond quick enough, all the noobs & weak hands sell & the price dumps.

The difference with this talk on July 21 is that @jack is a very intelligent guy & very pro bitcoin. He’ll be able to counter if Musk starts nonsense FUD again. So we really shouldn’t see any more negative price action if Elon decides to start trolling again.

Either way, a lot of the negative points Musk had have been sorted out now. The Bitcoin Mining Counsel, headed by Saylor have revealed bitcoin mining actually uses over 50% renewable/clean energy. Also China have now kicked miners out so that FUD is dead too.

I think we’re past the worst & bitcoin will start to rise again now. The bull run is alive & kicking, 1BTC = over $100,000 by the end of 2021 (not sure about $70,000 by 22 July though).

You know it.
I think the same way, even if the activity is minimal, it increases again and these are no signs of a drop.


70,000$ this month, no i don't think so either. If the bullrun is as intense as it has been since January this year, we'll see more than $ 100,000 this year. And if we see over 100k and it holds up then everyone wants bitcoin and it gets parabolic.

After Elon's recent try to pump doge failed so miserably, I don't think he has got any good impact on users to fall for him any more. Whatever is decided in the meeting, they were institutions who bought btc and sold it off later. I think they will not take btc again to a new ath this year because it will become too much expensive for them to buy it and if btc falls again like it fell down 50% from its ath, how will they recover their losses again?

Agree with your points there.

Hey Mino, sort out Mbappe to LFC will you ;)

Hey hey, you surely know that i give everything for my boys ^^
My reputation says that i only enforce the interests of the players by all means. Maybe Mbappe will also say yes, i have to ask him  ;)

Bitcoin will not be influenced by individuals especially with Elon Musk we know that he has been trolling his tweets about bitcoin and I don't think this meeting will have a significant impact that makes the price 70k on July 22 is it possible of course not, this is a process which is slow if it happens later and the current bullrun needs a process with positive news.

But we will see the outcome of a meeting between a FUD and a bitcoin pro Jack Doursey, so I will observe what they are talking about and this is not always influenced by it because bitcoin moves because of the large number of communities.

At this point of bitcoin we know the market was just dumped and experiencing a correction, can probably most of us will think that bitcoin will explode in the coming months which is I think could possibly happen as well.

But in my opinion, it's either 20$ or 70k$? but I think the market price is just stabilized at this moment so probably the market price is just gonna stay at 30$-40k$ for a few months probably until September or October.

I don't think bitcoin could drop at 20k$ at this point because the potential of bitcoin was just so high and when the price drop below 30k$ a lot of investors will easily buy bitcoin for sure.

It's better to ignore it and let things happen accordingly and do not think of it that much. IMHO, the price of $20k isn't going to be seen again as we've hit the bottom for this year.

And what's going to happen, upon the rise of cryptocurrencies and bitcoin adoption is growing despite the issues Elon has brought. The growth is unstoppable and adoption is inevitable. The positive price and rise will be shown by the end of the year and if not, early few weeks of next year.

The out come of their meeting will not yield anything meaningful to cryptocurrency generally, because it's obvious that Elon musk can't side for nice propagation of cryptocurrency especially bitcoin, this Elon of a man always look for a way to bring down or castigate cryptocurrency in all form, but it's obvious that irrespective of the out of the meeting bitcoin can't be eliminate, because Elon musk has tried to bring down or tarnish the images of bitcoin in several occasions but it could work for he, shall we are praying for positive outcome of their conversations than the negative part of it, if it happened to come out positively, i think bitcoin will elevate in price than the current price, but if it happened to be negative automatically it will depreciates bitcon price, because of circulation or speculation of wrong informations across the world.

Old traders or in crypto will no longer be inspire in hype Elon can make due to the past months of manipulating the market, though newbies  can still get the hope from him it will not be enough to reach 70k$ that fast, there will be a need for adoption of known companies again to mke the hype he created early this year to happen again. The market just recovering now and it may not go daown to $20k but not too high to reach $70k.

I am in favor of  70k$ many speculator and expert says that bitcoin will reach a new ATH before year end. And as what you have said jack Dorsey is a bitcoin lover and of he can convince Elon then the positive impact to bitcoin community will happen, and I am sure that the price will rise in the next few months, let's just wait for the another update and make a right decision if we buy or sell.

We can’t easily reach a new peak just because of that Meeting because we don’t know yet their topics. The market is still recovering and that’s a good sign, I don’t see any big influence of Elon with Bitcoin because he is just hyping DOGE. BTC will make it’s new ATH if the market enters into a new bull run, for now we can just speculate and that Elon thing can’t bring the market into a bull run again.

Neither. Bitcoin's price will not forever be tied to Elon Musk's opinions. It wasn't even tied in the past, Musk tweets simply triggered the price crash that was already building up due to the loss of bullish momentum. On July 22 the price will move up or down a few thousands of dollars at most, if it will move at all. And Dorsey will definitely not be able to convince Musk to accept Bitcoin payments again, because he has to answer to shareholders who don't want this to happen.

That meeting has not yet issued a public statements of what outcome has been stated, but what I am about to see here is a great future. If there's a positive impact to price of btc as it constitutes to huge btc pump this month, then let's rejoice. This July is My birth month, hopefully this coming 20th would be a big surprise because it's my day. Before 22nd of July let's welcome at least $60k or even higher would be achieved, as results of great news happening. We all knew Elon Musk's capabilities, it doesn't make sense if we still have to doubt on him just because of previous tweets.

Regardless of the meeting or the debate, the price can go and swing to that price.

To be honest, I don't like this kind of public debate, but for the sake of exposing Musk ignorance of the subject of bitcoin, what better way was to do it in public. So for me, it won't have any impact on the price, even if Musk looks fool, the price will just move in a sideway patterns. But I'm not seeing it going down to $20k.

No he doesn't. Just because once his FUD was in the same direction that bitcoin was going that doesn't mean he has a "great role"! He is just another A.hole on the internet spreading FUD about bitcoin.

Nobody cared about it when they started accepting bitcoin and since nobody ever paid with bitcoin for their cars they removed it and claimed it is because "energy consumption". If they start accepting bitcoin, again nobody would care and nothing will change about bitcoin apart from a couple of days of people talking about it on the internet before forgetting it again.

That's because for some reason that I can't understand you think Musk is important for bitcoin!!!

There is no more room left for drops. There has already been a MASSIVE 50% drop and the only direction left to go is up. The moment $40k is broken price will shoot up to $70k.

Elon cannot even manipulate anymore the price of his favorite Doge. His Doge tweets are fast becoming useless that he cannot cause it to pump anymore. If this is happening to a meme coin with a lower volume and market cap, how much more to Bitcoin? Elon does not have any influence to Bitcoin's price anymore. If he truly has, do you think he would allow his $1.5 billion in BTC to just fall like that? Forget about him.

As to Tesla accepting Bitcoin or not, it does not matter to Bitcoin. Perhaps it does to Tesla.

Pretty sure nothing will come out of that meeting. So I don’t see either prices getting hit by then. If I had to choose I would say $20k is more likely than $70k. Right now $20K or $50k is more of a 50/50 chance.

Even if he says Tesla accepts bitcoin again, we will get a very small rally and that’s it. It won’t be like it was before when we broke $40K and rallied non stop to $60K pretty much.

Needs another catalyst like maybe Apple or Facebook buying a billion worth or maybe some ETF approval.

I don't care about that meeting, but perhaps, they make a plan to manipulate the price again ;D

Everything can happen at that meeting, but we should prepare for anything. Jack Dorsey supports bitcoin while Elon seems to have two faces, and Elon wants to play with bitcoin first. But I don't know because that will be hard to predict what they will do.

I don't care if Tesla accepts bitcoin again because all I care about is seeing the bitcoin price start the rally again. We don't have to ignore the meeting, but we should be ready because if they play with the market, we can predict where the bitcoin price will move.

Regarding the price, I think it will be in that range in the middle. I would like it to go up but I see no reason to start climbing and break ATH in 15 days..

And as for what Elon does, I don't give a damn. I think he has less and less influence.

My guess is: neither.
Even though there's a chance the price gets moved a little bit, there were plenty of other news that should have moved the price and they didn't.
I start to think that we won't see a new ATH for the price before the hash rate will get very close to the last ATH.

Also I'm not convinced that the meeting will be focused on hype and price rise. Maybe some speculators could try to profit a bit from it, but I don't know how much is possible.
All in all, the current 34k-36k range is not bad at all as long as it's kept.

I am not giving any importance to this meeting because i do not care whether Tesla is going to accept Bitcoin or not because i am not going to purchase their products, if there is a meeting with Jeff Bezos then we can hope that there would be a possibility that Amazon worldwide would start accepting Bitcoin and if that happens it is a much bigger impact than a car company that caters only the ultra rich ;).

Yeah, Elon tried pumping Doge again, but It doesn't seem like it worked same as last time.
So, this meeting might not have enough impact to change Bitcoin's price pace.
The El Salvador news should've moved Bitcoin positively, but It didn't. The China FUD didn't moved Bitcoin into a worse price range either.
Now, a lot of people might've realised what Elon was doing trying to manipulate the crypto market. Though, he still have a lot of followers, but some of them might've realised already. 

https://i.postimg.cc/P5914TkY/Untitled.png
Quoted

Everyone is expecting a huge dump like December 2017. But we are so far away from the situation of December 2017.

October 2015 to December 2017: [27 month Bull run]
Weekly higher high has been started from October 2015. Before the start of the 2017 bull run, Bitcoin's lowest price was below ~$160, and throughout the year the weekly candles were given higher high and the highest price was around $19,000+.

That means the pump was about 120x timed. and the bull run stayed for 27 long months. After that, the bear market has been going on for a year.

March 2020 to May 2021: [27 months Bull run]
After 3rd halving BTC weekly higher high has been started. Before the 2021 bull run, Bitcoin had a lowes price ~$3200,
till now the ATH is ~$64000+.

That means the pump has been only 20x times so far within 20 months. we have a remaining potential 11 months to fill up the remaining "100X pump"

The possibility within the next couple of months:
We have remaining months for the Bull run: ~11
Possible range to touch: 120x3200= ~$384000

enough of F*cking Elon musk thing in this forum , don't be surprised if this thread end up to Off topic because another Elon topic.


And even if we will remain in this area yet Bitcoin will never fell down below 20k again , and yeah i support that stand mate..count me in.

of course after that meeting bitcoin will increase rapidly again in the market but don't expect it will continue to grow more and has possibility to break out from the current resistance , because you know how very smart they're when it comes to such thing wherein just to convince other investors to follow trends but after that they will manipulate the growth rate again, and that's what we called a trap!. So be prepared mate if you want to ride in on their plans..

Well it seems that people know already what Elon Musk is trying to pushed everytime he were going to tweet about crypto thing. I mean the meeting that was scheduled to happen this coming 22nd of July is big but pretty no such a huge impact well be expected to happen in bitcoin's market value. Elon Musk is a huge personality in a business world but he is not alone so maybe some huge investors if were going to invest in bitcoin could make a good impact like a $70k value I guess.

I like the idea of this but I am also very well aware that Bitcoin has dropped 85% before in the past,,, of course nothing compared to 95% of ETH drop and other alts but shitcoins are very famous for 99% drops! The question for most of us is not really whether it will drop more, but when is the next ATH and exactly how high we can go before we prepare for winter.

We are now 2 weeks away and we are still closer to 20k than 70k,,, so of course people are getting worried. Let them!:)

They just talk about business nothing else so don't expect anything especially with Elon since they will just play our feelings if we seriously what he  tweet, We already experience how he try to manipulate the market and for second time around hopefully he will not succeed on their plans since if they are back for manipulation well that's not good but if they  are here again and want to play good and support bitcoin by not doing any harsh tweet maybe this could turn the events for bitcoin.

it's time for us to forget about elon musk and believe in ourselves now, we know several times that elon musk has created controversy on the market so that it triggers the market to bleed even more, but there are still many of us who continue to hope for elon musk to again raise the price of bitcoin by the power of the tweet. Now Elon Musk is tweeting about Baby Doge again and I think everything Elon Musk does with crypto has a business interest for him personally.

As much as I would love the data you provided become reality, I think we will stagnate for quite a while. There have been some good news recently, but also some bad news. It feels a bit as if both sides are kind of on par, there is no overweight of news to one side or the other. Bad news is some bans here and there, tougher regulation for some countries, good news is Germany allows its institutional investors very soon to invest up to 20% of assets under management to be put into crypto. So far they were not allowed to. We are talking close to $400 billion here. The question how keen they are to use that 20% margin and how quickly they would do it. Keep in mind though that there intention is never to push a market up, but to keep it steady and buy slowly in order to gain from price appreciation themselves.

I don’t want to call that psychopath and manipulator even uglier names so that his fans wouldn’t report the post, but I will say that all those who consider EM a person of some importance when it comes to BTC should seriously consider where EM has been all these years when Bitcoin has advanced without his help?

So expecting something spectacular from a meeting of two men who will talk about how smart one of them is and the other may be stupid when it comes to crypto is the same idiocy as when EM participated in some famous American show, and for days it was speculated that will say or do something there - in the end, there was one big nothing - and I think it will be the same now.

What you're actually asking is whether you should sell or buy crypto before that meeting - at least all those waiting for $20k have new hope if EM says some new nonsense - maybe BTC is to blame for the pandemic, it would surely bring down the price ::)

When the meeting occur between two users, Elon and Jack. Only thing happen will be after a week. Because on a same day, we can able to see some few pump or dump. But 20k and 70k are huge from the current price. So it's better to inverse in bitcoin for now. Surely the price will increase and you get good profit from it.

I do not think that market will react to this meeting that much. I doubt that it will either be 20k or 70k, I think it will be none of that. We could see some increases or decreases that is true but not that much, I think we will see about what we have seen so far. What people do not realize that there are many people who are out of trading market right now, they are either holding bitcoin or already sold their bitcoins and out of the market completely which means that they are not looking to trade and make the price go up or down.

It means that just because these two meet, there needs to be more people coming back to trading and either buy or sell bitcoin in order to change the price and I doubt that people will do that just because of this meeting. I am not saying that we should see no change, but it will be somewhere between 30 to 40 once again.

Everyone is optimistic about a rally yet again as they are tired of the the price range play for a while and people in the cryptocurrency world does not have the patience, in stock market you find out about a stock and the wait starts for years actually to see any major movements in the stock and it all depends upon how the company is performing, here everything happens quickly and still people are not satisfied  :D.

I suppose the title of this thread are your predictions depending on how the reunion goes right? Quite honestly both prices are simply too extreme, the 70k level is above the all time high and while I believe we are going to see it this will not happen just because Elon Musk is back on board the bitcoin train.

And the same is true for the 20k level, we will need a significant drop on the demand, something that I do not see because if the price began to go down institutional investors are not going to waste the chance to buy more coins for such a low price when it is obvious that a new all time high and a higher floor will be reached during the next months.

Elon Musk is a black hole as far as anything important happening, he isnt the reason you are looking for imo.   Its not even him, its the company and I'd hope they have more assets in play then the fragile asset of a rich man's ego to guide them forwards certainly BTC isnt reliant on whatever plan he might come up with.    Stick to technicals, if musk is part of some trend up great but dont worry about the news especially.  
   Most likely BTC has to make some kind of low in a flush type pattern before it later achieves 70k.   Expecting a recovery to 70k this month is unfortunately a pipe dream, I dont consider myself too much of a cynic but weak hands dropping us down 10k is feasible.  If nothing else one price is far closer then the other so this is not a balanced question.

Honestly, i dont really care with this upcoming events about meetings of certain guys no matter how known or influential they might be but still they arent everything in terms of market price trend.

Yes, they can affect somehow but not most of the time that the market will react into those sentiment this is why you should really be careful if you are FA user.

Somehow being keen or focused on how this meeting ends up might really give you some advantage but of course every action would be made will be needing that risk management
thing.

The market is quite bullish with minor changes happening every day. Until 22 we can see similar pattern of growth, and now the manipulation from Elon doesn't work as the previous time, because recently he had a tweet on doge. By the time doge gave small pump and dropped back. I'm expecting Elon won't talk much about Bitcoin, and this time he'll mention any one of the altcoins to pump it high.

Most of us want to see the price climbing to the high price, but it will be hard to reach in the next 15 days because bitcoin still not increase so high, especially since bitcoin now is at a sideways mode. Perhaps, we don't have to give Elon a chance, but I am curious about what Jack will do because he is a person who supports bitcoin. So I hope he will give something good news for us, and if that happens, perhaps, that can lift the price to start the next rally.

Probably, if the price can break $40k, bitcoin can rise slowly and back to $50k. So we can wait for what will happen this month,

Such a meeting seems to be very decisive for the future of bitcoin going forward. but the outcome of the meeting, of course, we will not know concretely.
but my view from this case bitcoin will boost even stronger in the future.

Quoting you here mate  ;D as i totally agreed on this +5 to not lowering in this level again (unless another covid virus comes in the future)

sad but true and i hate that part , when Weak hands constantly reacting as if they truly believe in everything he says .


Market will stand not because of what Musk will say but because the investors are doing what they must do.

and because this is how the market flows now with support and trust.

Yes I think we have to be "realistic" and give up on July. On the bright side, even with all the bad news around China the 30k support is holding and I was even surprised that it didn't get worse yesterday and bounced back off 33k, so we should be looking at a nice attempt in August to hold it steady before moving on?

And how Bitcoin holding is quite strong. It really looks like it won't give up the 30,000 line, but even if it did I am pretty sure it won't go much lower than that. I don't even know what the point is to ask whether Bitcoin hits $70k by 22nd July? Who cares? Does OP have to pay any bills or what? Could be end of this year, could be two years or three years from now. What I would say though is that it will go up.

You and me and the whole crypto army my man. Even those who publicly diss Bitcoin like Craig Wright or Roger Ver are hoping for the same, and all the legion of altcoins. Cause they know and everyone knows, when Bitcoin does well, even their shitcoins do well.

But everyone "knowing" things go up doesn't make it happen.

Still on cue for August momentum I would say.

As if you alone is enough to stop the movement of bitcoin because of Elon's speech in this meeting. His followers will eat up everything he say in this meeting and I don't think that no matter how many of us are disagreeing and trying to be indifferent with what he is going to say next about cryptocurrencies, if he is still influential, the market will definitely move no matter what.

The meeting between Elon Musk and Jack Dorsey on July 22 was an important one. We hope that Jack Dorsey can convince Elon so Tesla can accept bitcoin back. I'm sure the price of bitcoin from 30k$ can go up to 70$ and it can even touch 100k$

I'm leaning more towards $20k than $70k. as we know that yesterday the price of bitcoin experienced a fantastic increase and reached the price of $64k, and now the price of bitcoin has decreased and is stable at the price of $33k. impossible in my opinion in the near future the price of bitcoin will pass that high price.

I'm not sure of the market move. From my inner feeling, it looks like a bearish trend to happen then onwards. I'm expecting a massive fall by the mid days of August month. This is just a prediction based on what I've understood about the market. So the month of July is supposed to have a price close to $40k and fall gradually from that point.

Everything depdends from how investors and traders will work inside the market, if there are more pressures

for bear to dominate the market let the cycle  happens and wait patiently, bounce back will takeover once

good news encircle around this market, more on speculations and self claimed opinions.

Yes, $70k is somewhat too much if in case this event will positively affect the market. $40-50k may be possible to happen. But $20k, I don't think we will go down that level. Even if we have had crash, btc manages to keep afloat in this $30k level. If Tesla will accept bitcoin again, I believe it will have an impact in the market, but not that high jump. This is interesting, so for those who believe that btc will have a positive jump in the coming days, better buy now to make profit.

 The inner feelings will based on market analysis. And you should your soul fully. Your parents and your soul voice will not affected anyone. Some signals are just describing the price of bitcoin to rise above the value of 45k dollars. We should keep on patience to get profit.

I don't think either.  If I had to pick it would be 20k, there just isn't enough steam or buy pressure to get a double out of bitcoin in a couple weeks.  It easily can slide though...hoping for a lot of sideways trading for awhile.

Agree, we will neither see $20k or $70k this month. We've already past the first week and so far there are no major direction either side. It will be just another sideways pattern which we have been seeing since May if I'm not mistaken.

Although we have seen an attempt to $40k, nah, it wasn't sustainable growth. Speculators continue to short BTC, that's why the price is going nowhere.

I agree with your opinion, I think the bear market is still not over. there's no way the bear market is over while bitcoin is still losing half its price from its high. most likely the bitcoin price will drop below $20k or even reach $15k. We will see later

It is very difficult to make any price prediction in the current scenario, because in my opinion we would only see $20,000 if the price breaks the support that is at $28000, well since the price rose more than $28000 only once it came back to $28000 and at the same time that the price went down $28000 it rose sharply to $35000 which means that for many people this price of $28000 is a good buying opportunity, if we had a scenario where the support of $28000 had been tested many times then we could put the price will down to $20,000

I am of the opinion that by the end of the year we will be able to see the following:

1 - the price is stagnant in the zones from $30,000 to $37000

2 - the price will break $42000 and rise to $55000 and remain stagnant for some time in the zones from $47000 to $55000

I don't see a scenario where the price will drop to $20,000

We are already in the bear market, for two months straight now and it will be here to stay.

However, saying that we are going to see a massive fall by mid August is absurd. I do think that the market will continue to go on a sideways pattern. Any price movement whether positive or negative can be seen by Sept-Dec. This is usually we see the price going to on a massive spike, not sure though if we are going to hit 6 digits though.

:) Let's hope so. I am not against high Bitcoin prices at all, I am just a bit bothered by these threads discussing specific dates plus specific prices. I just don't get the point of doing that. Discussing trends is totally fine and also events that might have an influence and can either be anticipated more or less or are even already known. Or what is also ok is if OP wants to bet against someone. Take a date, a price and whoever is closer wins. Other than that there is really no point in discussing a specific price point on a specific day.

I believe Bitcoin is good to go and exactly as you said, everyone knows that if Bitcoin does well even shit coins do well! :P

it seems that everyone also doesn't think that it will happen again for the next bitcoin will experience a correction especially until it drops $20K, I will not see that happen and will remain at the current price which is quite stable for some time in the $29K-$40K range.
the meeting will have no effect at all other than that investors are starting to get tempted again with their tweets. as long as it remains to ignore then it will neither go up nor down. the time to increase is Q3 until the end of this year.

Tesla could accept bitcoin again but I don't think it will make bitcoin rise to $70k, the hype is over and Elon's reputation is slowly destroyed. Everyone who still looks upon Elon now should think wisely as he cannot shill a certain coin forever and we should not allow that bitcoin will be manipulated just because of Tesla's action or his personal action, we are smarter than that, bitcoin is for everyone and only a real adoption should move the price for real stability.

Elon Musk ,He is doing everything for now .Whats made his speculation is been correct or why only for he is one of the richest person in the world .I was bit surprised that he started with Doge and then come out accept btc in Tesla and then he has rejected as well .So whats wrong with him i did not get it yet  .However its better to accept btc on Tesla always but its still btc has an own feature which are more popular to the world and surely most of the big company will accept it soon.So guys always make your own decision instead of follow others.

I'm not really sure about Tesla though, it seems that they have made a U-turn and would not accept bitcoin unless it goes green, LOL. He could still influence the market, but I observed that his power has somewhat diminishes already specially with his anti-bitcoin sentiments that cause the market to go down.

However, $70k is not possible this month, it will take a lot of money to pour in just to turn the market into $40k, what's more $70k. Market is trading sideways, or as others says, this is a period of accumulation so it might take some time to see the market going bull run again.

Bitcoin cannot be controlled by anyone and elon musk will have no effect bitcoin's price started to fall due to some bad news in the market. Bitcoin will rise again the amount of investment is increasing many countries and organizations are again supporting bitcoin to increase the price of bitcoin which is increasing the demand for bitcoin is expected to reach its peak on July 22.

What peak on July 22? $70,000?
Though it's possible, but the chances are very slim to non as we're only 10 days away from the said meeting, and yet we haven't seen any market reactions yet. So, we're here to probably see the same price flow for the next coming weeks. Unless, they'll mention something good or terrible about Bitcoin, then It could probably affect the market sentiments.

Bitcoin may not be controlled by an individual, but It can somehow be manipulated, and that's what Elon is doing desperately.

Whether Tesla will accept bitcoin again or still not accept, if the bitcoin price really jumps to $70k on 22 July or in the next 27 July, I am sure most people will wait for that and accumulate more bitcoin at a current price. They will not let the chance to make a big profit from bitcoin leave them without doing something.

But I do not think that will be easy for bitcoin since the price does not increase significantly and still sideways from a few weeks ago. So I guess that the price will start to increase slowly and not jump in a second in one night. It will be good for the bitcoin movement if the price can increase slowly by slow as it could attract more people to buy bitcoin at a current price. We need to prepare ourselves before everything changes because that will be too late for us to buy bitcoin at a low price.

So, we have roughly 10 day left BTC will either $70K or $20K as what you have predicted. Elon Mask already did his things, and I have no idea why I'll give him importance. None one respect this person, let's see if we can clean up this place up a little. Lots of people optimistic about the BTC market. This is an investment, we need to learn DYOR this is the only way not by listening to others. BTC ain't a baby anymore, quite adult now and know how to struggle.

I'm looking at it positively Bitcoin may not reach $70k if there is good news coming up from their meeting but at least the dip will stop and the price will stabilize and from there the market will pick up and move upwards, we don't want it to move downwards again, if it is not moving upwards at least it will stabilize at the price that we all want.

Is this an Uptrend ?

https://coinmarketcap.com/currencies/bitcoin/

are you sure there is an uptrend going on since July started?

the price continue to grow little and drop at the same time so where is the uptrend on that one?

sorry but i think you don't know what is the Upping trend means.

Lowering at 20k is not gonna happen and this talk does not represent any of the market condition so meaning this is just a BS thread.

Two satanists of the deep state globalist system meeting and people believe they wanna do good things for the world, adapt Bitcoin and destroy their masters FIAT monetary system LOL. Censorship is real. TikTok banning crypto related videos was the beginning (yes the deep state moved to China and is centralized there now) and they will fight crypto with all they have. Dorsey and Musk might have to play the good guys Robin Hood role in crypto until their masters are ready and tell them to destroy it. I know this does not fit in to your pinky scientific "democratic" world. But if you did not realize, in the news they show China as a role model for the past 10 years while before China was in the category as Muslims and Russia. The social credit system is being tested in China currently and they will be rolling it out until 2030 together with a global crypto currency to control you and your wallet.

well, I just hope that this meeting gives a good result for the crypto world. however, the price of bitcoin is sure to go back up when Tesla returns to accept it. anyway, I'm really waiting for the result. well, maybe i start doing stock from now on. well, but I think, a lot of users don't like this, because many of us think that it can manipulate the price.

It could be a turning point for Bitcoin price really. Elon Musk made a statement some time ago like Tesla would start accepting Bitcoin again as long as Bitcoin mining is made without fossil fuels. Maybe he will really do it.

don't listen to @elonmusk's bullshit and he's only aiming to profit from all that can be done. after canceling now turning to accept because there is something they are chasing, namely subsidies, @elonmusk is smart to outsmart the situation and trick everyone into following what he wants, which is clearly the benefit of all that will happen.

no changes occurred on the specified date and everything returned to its normal state. there is still a lot of red and bitcoin remains stable at a price that has continued to do so for the past few months, yes it is quite stable.

Indeed, chances of  being manipulated once again is really high. It's still best for bitcoin to grow naturally, with real case usages and people behind are those who are really willing to use it as currency.

In regards to this meeting, it's tough for each speculators to place their side, it will agin depends from how you look to this meeting and how you percepts the help that it may bring to the entire bitcoin market,

we can't deny that news moves the market, either good or bad there's always reflection to how the market will behave,.

I honestly believe that this will not make anything change. I understand that Jack likes crypto, and I understand that Elon memes about crypto, all of which are good things for crypto most of the time. However I refuse to believe that just because two people who are rich having a meeting "potentially" about crypto to have the impact on crpto to change it.

This is not even manipulation, nobody can blame these guys about manipulating the price, these guys haven't even had the meeting yet and people are already talking about if they are going to end up doing something that will increase the price, people are giving the power to these two people to manipulate others, manipulate even themselves, the same people who look up to these two are the same people who are getting manipulated. Ignore them, let them have any meeting they want and keep ignoring them after that too.

In my opinion, Bitcoin will not make any dramatic price gains until the fall for now. Meeting Elon Musk with someone can change nothing. After the recent scandals around his tweets and statements about cryptocurrency, he will no longer have the same influence on the masses. Therefore, the price of bitcoin will not fall to $ 20,000 or rise to $ 70,000. During these summer months, cryptocurrency is almost always at the same price level.

So we're back here after a week, and back to the old "35k resistance but 30k support" line.

Have to say am a little disappointed that the markets took another loop around the same week, and if you look at volumes, it's all very low also so there doesn't seem to be interest (or maybe lack of resource) from anyone on either side bear or bull. 9 days away, we're closer to 20k we have to admit.

People usually focus a lot on the drop instead of the reason for the drop.
For example the 85% drop didn't happen out of nowhere under normal circumstances. But instead it was after 13200% rise after 3 years. In comparison price has to reach $500k first before it can have another 85% drop. Until then anything bigger than 30% is unnatural and bitcoin would be undervalued.

I don't know but as of this moment, I'm feeling very optimistic with regards to Bitcoin and the crypto market as a whole.
I will agree on this. Bitcoin to $25,000 seems to be impossible or in this case have a very chance of happening.

Do you think that this meeting will have a very huge impact towards Bitcoin? I don't think so at least for me.
I will not choose into either of the 2 choices that you shared because nothing will happen to Bitcoin's price. When this news spread in the internet, nothing happened into the market. Now when it will happen on the 22nd, I don't think that this will have an impact towards Bitcoin but still there is a possibility that something huge might happen but going to $70,000 is impossible.

If the market will react positively to this meeting, my prediction is to at least reach the $40,000 price resistance and from there we might see either a bounce back or a further move towards the upside. I will ignore this meeting because I don't see any significant things that will happen here at least for me.

Elon Musk messages are not worth trusting anymore < He even Dumped Bitcoin rigth away without even further notice and now claiming to accept again
he obviously making fun of us investors of Bitcoin and please don't fall into any now.
Same belief in here mate because he had already lost His credibility towards crypto market and investors , so there might be someone who still believes in him but that is quite smaller compared to those who trust him from last year.

We are fully declined to the area of the 50 week average which is still rising, so a bounce might happen but not 70k.   Way more work to be done yet

I'll post a weekly bar graph because to me that is the master plan that is of most reference and its also the most simple take and so the most likely clear view for accurate projections.

https://talkimg.com/images/2023/06/12/Aypy9.png

This is all the big bars, before this we were small time in comparison back xmas prior.   We're in the midst of Jan action and that should be considered support, an area of interest not just this 50 week MA which equates to a yearly average but for volume reasons.   Then we must consider momentum, to get 70k you need this inertia set in play and as the sideways consolidation shows we are low momentum.    The price is still volatile but each recent bar has been small red or small green with wicks which are not as important as closing price.

the current state of the market is a little confusing. Now that the bitcoin price has stabilized at $30k-$35k for quite a long time, this situation makes many people wonder whether the bear market is over or not. maybe this is the condition that makes bitcoin trading volume decline quite sharply at this time. if there are no significant changes this week, we are likely to hit $20k in the following weeks.

50 weeks is long enough and i think enough to understand that we are not heading any High from that 70k .

I believe that the highest we can make before the year end is at least 50k and that will stop there , let us admit that the 4 year cycle had already passed .

I'm ok with $50k if there's no chance to break the $70k level I consider this better than the previous all-time high record that the market hold for three years, it could have been better if there are less FUD and more good news coming, the technology is moving just find there are new algo Ethereum and Binance is getting better and more coins coming in to introduce new technology, great to invest.

A week now left for the 22 July to come and btc is not moving in the strong direction at present. Slowly it is now moving towards 30k price as for couple of weeks it was near 33k range. This is not giving any good signs for btc to move at present to even above 40k though not losing hope as any dips only gives an opportunity to buy but need to be little careful from now on if its dips below 30k.

I think part of the weakness could be also that ETH has not been holding up its share of the support (broken 2000 and now below 1900). I know usually alts rely on Bitcoin, but in the previous bounce we also saw that as ETH held up its share of support, Bitcoin was able to bounce, and when it couldn't, we saw more losses on BTC. Stupid correlation but I think now confidence is shared across major crypto. Do you agree?

It would also be seeing this a bad news which will bring the price down which I guess is also the reason why it's also dropping today for they also speculate the same thing will happen. The unlocking of GBTC funds of Microstrategy could've one of the reasons too and if they're protecting their funds today, it may be the right thing to do for them because they don't know how low it could go.


Everyone is losing now. Holding digital currency isn't a safe haven after. Sad faith that all the things we have heard, this is happening. We'll find out more on 22 july.

But at least not as badly as BTC, which is always a good thing for me. I have to be honest and say I'm not very pleased of course but as long as we maintain the old ATH of 20k I will be in good spirits generally. There's always a next rally, though we may not really be done yet as 50MA is still holding strong.

And it is very disheartening to see that the faith of btc price lies in the hands of few rather than majority, this is a decentralize space but more or less operate like a centralize environment,  why should Elon Musk meeting on 22nd determine were price should go next! This shouldn't be but unfortunately this seem to be the reality,  many crypto followers base their decision on top players like Musk, hence panic sellers ::)

This comes only as not Safe Haven if you are tending to make profit short time , because if you are ready for long term holding then I believe that Bitcoin is still the Safest haven ever crypto provided.
I have already see the ups and downs of market from the previous halving to the recent one so i basically understand the sentiments here.
But With Elon Musk being in the talk again? i don't think that this will bring big impact in our market this time because Elon had already proven that he is not trustworthy and not even really care about the crypto market so how will this bring effect at all?
forget the man just focus on your investments.

That's the effect of decentralized market, anyone can assume control since it doesn't exactly follow any central authority, I think that we should've known about it by now because that's what we get when we don't want authority to get in control, other influential entities will try to take the proverbial crown of a decentralized market. There's nothing wrong when you are basing your buy and sell patterns to a influential personality in the market because if you know the right timing, their influence and attempt to manipulate the market might work in your favor.

Yeah good thing we still at this level simce if we compare the past dump happen after the halving we can say that before is so deep and the bear market days is so long so gladly we are in healthy situation where bitcoin is so promising and had a high possibilities to recover back to its past ATH. Maybe next yesr we can see some great changes so better lets speculate about that and forget about bad manipulation happen this year.

Bitcoin won't reach $70k just because of their meeting, it's been almost 3 months since the bitcoin ATH, but to fall to $20k after that meeting is also impossible, because the bitcoin price has been around 30k for quite a while, so there's likely to be an upward spike until the end of July as the market starts to saturate around $30k. my prediction 40k might be a decent position for bitcoin.

Well, by default definition safe haven tends to refer to long term holding, or at least temporary holding until markets are "safe" again to venture out. You put value into safe haven to protect it, and yes, Bitcoin can drawback as we're seeing right now, but usually not as bad as other crypto. Gold of course seems to hold it even better but long-term gains can't beat Bitcoin

Constantly dropping was the biggest problem of 2018, I am glad that is not happening neither. We should also remember that price didn't went under 4k right away though, the price dropped as much as 6-7k levels from 20k levels and that was it, it stayed there for a very long time, and then in November 2018 we had BSV vs BCH war and Craig Wright sold tens of thousands of bitcoins and paid miners to mine his blockchain to take over BCH, he failed of course because he was going against literally the biggest miners in the world, and that is why the price went from 6-7 levels to under 4 as well.

Will we have another drop like we had in 2018? I do not think so, we do not have a war now, we do not have people who will sell a lot now, but we never know what can happen, so we should be ready for some 20k price if the same thing happens this year as well.

Maybe we should consider the news about the GBTC unlocking here, definitely that $70k prediction won't be reach by the 22nd. But currently with the news about the unlocking, it has somewhat sent shockwaves as the price is going down to the $30k. But hopefully it won't go again to $28k-$29k because of this news.

Of course, it will be another perfect opportunity to buy again if it goes down at that level, but I would rather not see it. We have been in the period of accumulation already, the price needs to be in that range, $30k-$35k before we could see another break out run. We don't need a sell-off because of that news.

That's actually something I was talking about in another thread. Bitcoin actually does very well AFTER a big threat, and this China mining thing to me isn't anywhere as big as the 2017 internal conflict in Bitcoin that caused the 2018 drop, from which we all know it recovered very well from.

We should definitely be ready for below 20k, but it's actually good news if it happens!

Ok i quote that.

Let's go below 20k$  ::) (seriously, you can't know.... but by analyzing the past and the differents psychologies of the investors and by knowing how the market is manipulated, then we can says that it's highly probable than it could return under 20k$)

You talk like if people were there to hear a "very intelligent guy" talk, in fact most people are investing to gain money not to support the blockchain, first fact. Second fact, if this famous "intelligent guy" was very intelligent he would have start supporting alternative coins not a slower crypto such as bitcoin is.

By the way the fact that bitcoin mining uses renewal energy doesn't justify the fact that we should use this energy to continue to mine this slow and old cryptocurrency that is called "bitcoin", there is far more better alternatives (not that i'm against Bitcoin, but there is a lack of developpement)


That's so science .... or not.

In 2018 the price was around 12k for a while, even 15k, 10k, then finally i bought it between 4500$ to 7000$ year later  8)

BTC is still in the holding zone above $30k and there is no indication of market improvement ahead of July 22, I'm afraid if Elon Musk still responds negatively to crypto impacting the bear market, so the public will be waiting to assess the main direction of the discussion

I do not believe much in the predictions, only the one I believe is that of PlanB's S2F, but nevertheless that scenario may occur, although I do not see it very well, but some expect BTC to fall to $ 24k, I do not think it is possible , but it is within the possibilities:

https://i.imgur.com/Pn7wg2z.png
Source: https://u.today/btc-eth-and-xrp-price-analysis-for-july-17 (https://u.today/btc-eth-and-xrp-price-analysis-for-july-17)

The market is still very uncertain, it is likely that any scenario will occur, for now what is most opposed is that it is bearish, but the market tends to go in the opposite direction to what the masses think.

You are absolutely right , the Market has been range bound since more than 2 months now and every week it makes new low but something big is going to happen soon either breakout or break down . The general perception is Bearish but perception is mostly far from reality. You have explained very well the  scenario that is likely to happen in coming weeks but whales always move the market in opposite direction what general public thinks that is the lesson of the history and this is how whales make money in this market.

I think it's like news that can influence or have an effect on price movements will get better/higher, but anyway that's not sure with what will happen on 22 July, for $70k I think it's too high, maybe if it has a good effect on the market.. looks like it will only reach $35K+ if we look at the current market movement.

I agree on that 70k$ is very high, we are now July 18 and the price of btc is 31k$ so I think there is no way for bitcoin to rise up to 70ks this July. Maybe it will rise up to 70k$ before the year end but not this month of July. The price is still big and we still in favor of rising because the bitcoin price still didn't drop down below 30k$ so we need to hold on.

yes dear, I totally agree with you guys I think we will not go down 20k or 24k yes maybe we are going down 26k or 27k but little time and we recover
with good volume and we see a new high in BTC I suggest we should buy every dip if you believe bitcoins than every dip is good Opportunity :)

Really a good news to crypto community. Recent tweets of Elon Musk, really impacted the crypto market. Bitcoin has seen a ever time height in price after 2017 and obviously fallen down drastically 50% now after his tweet on not accepting bitcoin as payment.

I really, love to see a welcoming change after this meeting if happens so. Because I have invested in one of the top coins. So expecting a good change after four weeks.

The so called influencers can manipulate the market for a period of time and not all the time, if we hear any investment by billions of dollars then we might see the market rallying but i highly doubt we are going to hear anything of that sort and despite saying that i am also not expecting the market to go down further and we will be in this range for a few months and then we can expect any movement .

Hello dear @ReiMomo I don't like Elon musk but I love bitcoin  ;D I think maybe more delay to accept bitcoin If there is any difficulty And the price came down So we have Opportunity  buy more bitcoin because may tesla want to buy bitcoins more dips

It is getting close to the price of being below $30,000. As seen right now, $31,869 and this makes a lot of speculators that it can go down as low as $20,000.

While bitcoin goes close to that price of speculation, that's always the case that bitcoin recovers no matter how low it can go. Just a few more days left but I think it's no longer important if there will be an impact with that discussion.

Except that this has been a holding level for weeks now. Even when BTC has gone down below that critical support, the bounce hasn't been too long away and quite significant.

I think this really just is a cat and mouse game now between buyers and sellers. Nothing we say is going to be meaningful until we see a REAL move.

It is not possible to give accurate information about the market of bitcoin but elon musk's tweet has had a negative impact on the market. But it won't last very long if the amount of investment increases the bull run will come to a head very soon.

I can't exactly remember which company it was, but some of the predictions are ridiculous. They claimed that the bottom is around $10k and the top around $600k or something like that. I wouldn't even dare to publish such a prediction as it's useless. Well, here is my prediction: Bitcoin could go close to zero but it could also go to a million within the next five years. What's even the point of publishing information/trash like that?

Lol they are doing this so that when Bitcoin price is within that set range they can say "SEE we told you so" and then they would probably look to profit off of that correct prediction down the line. Most correct predictions are because they set a wide margin that it is unlikely that they would be wrong. It is not very often that people guess the exact price even the so called experts.

Looks like we've been focusing too much on the hype from Tesla and Elon. Why depend and exaggerate it? This is what causes damage to bitcoin. I don't think it's serious enough to try to add fuel to the fire when the market is in bad shape. I think it's a fair, natural discussion to deal with bitcoin and the user base market. Bitcoin can't at 20k,..there will be new war, I believe it will come soon
I believe in Jack, whether the results are optimistic or not, his value to bitcoin will always remain the same.

It's quite slow.

And that's for sure that we're going to see the real move after this discussion happens. We're going close to the date and the same with the price as it's on the $30kish level already.

But hopefully that this won't go below the support level.

The talk between Elon Musk and Jack Dorsey have been scheduled, but we don't know whether this is gonna happen for sure. So, let's wait until the meeting happen. If the meet happens and Elon gets convinced the market gets a forward push, but this time this won't be big as the past. Because, people have got an overview about the drama of Elon Musk shattering and pumping the market to make money.

Right now we've already slipped below the socalled 30k support line (which has been broken a few times already) and this I think is mainly through all the global market fears from the effects of Covid, which are making everyone sell off stocks even.

So if the news is bad, this could break BTC temporarily. And if it's good, I'm not sure it's strong enough to counter the global fears.

The logic is that it will not be 20k because of the high support level there, but that doesn't mean that it won't happen. The main idea is that if we are facing something that is not as great as people are imagining then the price will drop, if they come out of the meeting and say that they have decided not to work together and all that, then the price will drop that is the main idea, that is what we should be focusing on, because as long as it drops then there is nothing else we can do to try to guess if it will be 20k or not.

I say there are a lot of support levels that needs to be broken, dropping under 28k first, then dropping under 25k, then 22-23k level which has a huge support, so we have a lot of support until 20k and that means its hard with just one tweet and one bad meeting. However like I said, it is basically anything goes in crypto.

in my opinion it remain less than two days for 22 july ,the other question ,  i dont know why exactly this date , generally this recent twitter of elon musk  is just a fud and have no sence , i hope the current prices is always good chance for buying bitcoin ,  i hope this level is a good support like past drop , and prices to rise and pump from these level 30000 usd always ,  the traders have lot of fear because of fud and the effect of bad news on crypto

Down to $29k.

Yeah, there could still be an affection from the global event for which there's another variant. The stocks also went down and it's a global thing I guess but we'll see how long bitcoin will stay on $29k.

Those are wishing for it to go down, I guess their pockets are ready.

I haven't check other traditional markets, but if this is true, then don't be surprised by the current down size of bitcoin again as every money markets are somewhat connected. We have seen this happened during the March covid lockdown across the globe.

And since bitcoin has broken it's strong support of $30k, we can only hope that the price won't go down hard and see a quick bounce again to its support and then trading sideways again. Which is good as compare to seeing the price going South.

Just goes to show how much the entire world still relies on the third world countries. If economies there are broken, and they will be, eventually the chain reaction shows the net effect on stocks in developed markets.

All these fears of course make people shy from every type of investment, including Bitcoin. But eventually, it'll be the one proven to be the safest in all these uncertainties.

Now bitcoin about $31k, I sure $20k never happen in this year.
Market conditions that have continued to be red since May made us have to wait even longer to see the price of $70k, I last bought bitcoin at a price of $33k a few days ago, I'm optimistic the market will recover soon and pass the highest position ever.

"Never say never" :D

You know, Elon Musk planned to have a talk with Twitter CEO Jack Dorsey today. Lots of people expected that these two will come up with a plan that will kick Bitcoin price to the moon. I suppose that due this expectations, Bitcoin and cryptocurrency price rose today. But, if these wont figure out a "cool plan how to make everybody rich", price most probably would go down again. People would feel betrayed, even though no one promised them anything.

This is more about hyperbole of course, basically do we think that bitcoin will be going up or down in 22th July? That's more like it, of course it is not known and it is not going to be decided until that day comes and they tweet. I do think that there is a good chance that we should not be really hoping for anything that should be very high, I do not think that neither 20k nor 70k will happen, I think it is either 35-36k levels if we are lucky, or it will be 27k or so at the bottom it has to be one of those things.

But the main idea of the question doesn't change, do we believe that bitcoin will go up or down after this meeting? If you can focus on that part of the question you will realize that there are a lot of people who are still caring about these people and their opinions so I really do not care what they will say but more about what people will think.

Its definitely going up but I do not know if this is enough hype to generate a big bull run I do think we will see at least 35k and probably closer to the 40k mark after this meeting has concluded. Watch all the celebrities take a u turn and change their mind about bitcoin after this meeting.

And with some actions that being place after taking that low, the market is now moving forward and showing some good runs, always doing the cycle and lucky for those who managed to predict the right call,

They are now gaining decent amount of profits for short-term, and those who are aiming for more are still have good potentials to see
more actions,

Not sure if this break will go above $35K, and then slowly climb to $40K.

Its a good relief rally and now we trade above the weekly average now which means it can develop but the near reversal pin today is because of resistance from the old trading range we held.

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

Remaining questions are the monthly average and the 50 day average is still a weight descending overhead and thats where the larger picture would lie but certainly for that moment price got too cheap.   I'd guess we end month end a bit more positively then we had previous in constant decline.

Not that long that bitcoin stayed on $29k now it's about to move up and cross $32k and that's so quick!

It's safe in a way that it's here to stay but the risk won't be the same as how it's safe to put money on bitcoin. People have to understand that it should be an investment and actually a money that must be used for every transaction that we do.

And for those enterprises that do accept it.

Btc will soon reach $70k and above because we already experienced the attempt of price which suddenly goes down below $30k. After that crash there could be a potential signs that we might see btc soaring back again just want happen last bullrun ATH. Surprises cannot be predicted, and it comes randomly with no further notice.

FYI, The picture above is the current condition of Bitcoin. Bitcoin needs to break that ascending triangle in able to play the $70,000 goal that you are talking about, Bitcoin seems rejected by that upper line of the triangle which is very bad sign for further retest on the $29,000 support that make the Bitcoin price survive for over a month. But due to all ongoing FUD and Grayscale shit unlocking of GBTC next week, The timing of retesting is about favorable on FUD. Trade safe guys!

Good signs today. I know it's not the biggest price increase we've seen and I have to say was disappointed it didn't just push through over 35k BUT the volumes of buying seem steady strong all around and even the localbitcoins traders in my currency are actually buying a lot more than market price so that means confidence. Let's see still, as long as it's as you say, positive month end, we're okay.

their conversation is over and we can see the Bitcoin price is around $32k++

I predict the price of Bitcoin will not be more than $ 40k in the next few weeks, the market is calm and very stable waiting for other positive news that will definitely appear to boost the price of BTC.

I think that $70k is more likely compared to $20k in this year. There was a slight chance for Bitcoin to come down to $20k but it didn't take too long to recover. Now it's $32k again. I think that we'll not see it decreasing below $30k again and it will start the next bull market from these levels at least.

So what was the outcome of their conversation?  Is there a statement that Tesla can make and accept Bitcoin again as payment for their products and services?  I've already read articles popping up in my newsfeed about it, maybe in the next few weeks, we'll see it stick to $ 40K again.

Elon Musk being able to manipulate the market is because he is wealthy and popularly known world wide. Him accepting bitcoin as a method of payment is having effect on the market and all these are because he has lots of followers who moves with his discretion.
The effect of Elon Musk on the market made lots of people to be very happy and lot more broke. As time goes on, the strength of him having such manipulation will gradually wear away.

The chances of Bitcoin going down to the $20k mark and getting to the highs of $70k is on a slightly  ??? Looking at the holders, new investors, financial institutions coming into the system with huge investment and many more craving to jump in, the tendency of the price might be of more strength to hit the highs of $70k, though, with the lows of $20k, the market will be highly flooded and Bitcoin could become too high way beyond the moon.

For some reason that I don't wanna believe but it does happen? the talk had effect to the market ,  the prices drops specially bitcoin who falls down below 30k and after the talk it rose up again back to 32k and now showing good to reach 33k .

hate it or not, yet it is Elon again who made the market shaken as there are no other news happens that may let the market climb back.

Well, 22 of July has passed already and I think that 70k is a pipe dream for now, and I suggest that this thread should be closed already. There's no more to speculate unless the title changes to another date, which I do hope does happens.

Exactly. Hate it or love it, the market moves in rather predictable hype cycles but that's what you get and that's what you expect if you want to play the same game in the same sea as others but equipped with a different boat.

We don't need new to let Bitcoin price climb back. We need the network to maintain and grow its strength and relevance, as it has been for the past 10 years.

There seems to be a little effect only, bitcoin pumped a little but it's not enough to reach break the wall, so I think we are really heading below $30k as the hype is not enough to bring bitcoin back up again. Bear market is here, what do we expect?

well, not much has changed since then. although the content is quite positive for the crypto world, it doesn't seem like the meeting made any significant changes. well, the bitcoin price doesn't even exceed $40k. well, but hopefully after this there are some changes that make the price go up again.

Looks different right now though. For some reason the past 12 hours is seeing really strong moves. It's already weekend in Asia, already also in Europe and maybe just America reacting to some good news or feeling good on Friday? Or bulls and whales getting drunk, who knows?;)

Bear market is not here. If it is, we'd all be feeling pretty down and trader stops would all be triggering. We're fine.

As you already said, they guess the price. It is nothing more than that but wild guessing, especially if you are trying to come up with a number for a day that is 6 months ahead. It just doesn't make sense. You may have an idea whether from here it rather goes up than down or something like that, but giving a number is almost always nonsense. Even if you knew secret good news, how do you know whether Bitcoin stops at $40k or $50k? You can't.

Of course we can't just ignore this one, and as Tesla said about bitcoin acceptance for second time I believed this brings positive effects towards every person. They would think so many times for btc price to become more valuable. What happened from the past was panic of small traders, because of exaggerating stories came from anonymous group who tried to pull down btc's economy.
Technically they kept on manipulating the market, but sadly the reality didn't coincide.

That's positive news but that hype already happens during the ball run, so I don't expect it will affect the current price. Elon can make good announcement about crypto but suddenly will change it, I don't know why people still trust this man with a bad reputation in crypto.

If one day Elon will said Tesla will accept DOGE, I think people will get crazy but let's not expect it will happen as he will not ruin Tesla's reputation by just hyping or connecting it to meme coin like DOGE.

For now the BTC market is recovering satisfactorily, I have seen many analysts who think that it can even reach $ 60k, because there is good news that has increased the confidence of investors, in any case you have to be careful when it comes to to operate, the market can give surprises of all kinds:

Bitcoin price hits $34K as trader forecasts fresh weekend resistance showdown

https://i.imgur.com/Vw5XD99.png

Source: https://cointelegraph.com/news/bitcoin-price-hits-34k-as-trader-forecasts-fresh-weekend-resistance-showdown (https://cointelegraph.com/news/bitcoin-price-hits-34k-as-trader-forecasts-fresh-weekend-resistance-showdown)

I think that those bears who predicted that BTC was going to fall to $ 20k or less are starting to fade, the scenario looks much more optimistic.

It does look much more optimistic, but that is the technical analysis only. I have been around for a while and while I don't have a problem with technical analysis, it ultimately doesn't do much when events like China banning mining operations come into play. You can have all sorts of TA indicators, but Bitcoin remains an asset of high political and social relevance, hence is influenced by events from so many domains.

Agree with you, news has more impact on the market as people can speculate and the price will move, hence, it makes a TA useless as it's based on trends. When the news came out that China is banning bitcoin, that resulted in a huge dump and a TA does not see that coming. Also, if we believe on market manipulation like what Elon did, then we should just study how it will affect the market and put that TA aside for a while.

Good news for the bulls if the bears have faded, and I do believe this is what happened. Said somewhere else in another thread that we saw critical support being broken many times (30k) but each time the bounce has been strong and this weakened the bears every time, I think they don't have much gas left in their tanks, they will now focus on not allowing BTC to go past 40k.

And here we are, but luckily the other way around: we made a big jump because Amazon rumors leaked. No technical analysis guru can now claim to have predicted this price jump because it has nothing to do with any typical movement line they can draw on their fancy software. Just a rumor about Amazon and we have a price jump. What is technical analysis really worth?

bitcoin moves because investors and institutions trade, they will be affected by the news that always comes through social media about bitcoin, be it bad news or good news. all are always associated with the news so that the biggest influence still comes from the news.
The bad news last time about the ban in china and the @elonmusk news, clearly seems to affect the very deep correction of bitcoin. how much the news can influence traders to believe that something will happen for good or bad just depends on the news.

hopefully the good news that starts to emerge will also affect the growth of bitcoin, we have seen the good news and it will continue to arise and hopefully traders respond well and we will see an increase in bitcoin.

As we can see none of this happened, not 20k and not 70k just like I imagined. Stop giving these famous people so much power, they are not capable of making bitcoin move as much as you imagine it will, and that is why I honestly think that we should not be focusing on bitcoin making a profit based on what Elon says, but more about what we think about bitcoin, if you actually give enough power to yourself you will realize that a thousand people who want bitcoin to go up could make a lot bigger statement about it then what Elon can do, few thousand can change the price bigger than him and couple tens of thousands? They will have a chance to create a big bull run like we had last year.

It is not about giving the power to one person, it is about giving the power equally to as many people as possible so that we could collectively get rich together.