Print Page - BTC price hitting 30k twice this year.

Bitcoin price is on it again after a few drop in price at around 25-26k, but hitting the price value of 30k again as it did sometime April this year. What I describe as a gleams of the prospective light at the end of the tunnel of the year 2023.

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

I was thinking that bitcoin price will hit around $37500 - $40000 this year before it will fall back to $20000. It went up to $31000 the first time, which we were expecting, but fall back to $25300 which was a big support price as it fall to around $25300 several times in days.

This time, again it went up to almost $31000 and not going beyond that price. If bitcoin do not go up beyond this price within a week, it would be the resistant price and bitcoin may not go up further for now.

If bitcoin do not go up further, we should be expecting downtrend and if it mistakenly go below $25000, we should expect $20000 again.

First of all, we should admit that we are happy to see this rise in the price. Yes, Bitcoins have already surprised us many times this year. At the start of the year, it suddenly jumped 10k USD and reached 28k USD. And after that, it got stuck in this price segment for a couple of months. Now it has again crossed 30k USD, generating good emotions in the minds of traders. Maybe this price rise is due to the increase in demand to buy the coins among traders. I am assuming we will touch 40k USD before August if this pace is carried out by the coins. Let’s hope for the best.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

This pump is legit compared to the previous pump last april because this is the result of positivity on crypto market due to the ETF run started by the Blackrock. SEC is now overwhelmed by ETF application since everyone is confident that Blackrock can get the long awaiting approval from SEC on spot ETF.

This pump is organic and will continue to probably ATH until next year if the trend will not gonna stop until the Bitcoin Halving. Blackrock is monster on their filings so I’m positive that they got this and also US huge company is now teaming up to have their own massive crypto exchange that will bring crypto more closer to US residents since this company will be working closely to SEC.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

The increase in the price of Bitcoin that occurred in the second quarter of this year to reach $ 30K which I saw did not happen spontaneously because the increase occurred slowly but very surely. Well, for this month maybe it will continue to run at $ 30K as it looks right now in the market, but for next month also I don't think that Bitcoin will fall below $25k - $26k again.

Because price resistance at a better level will probably continue as long as no bad news comes to Bitcoin in the next month. An increase like now is indeed very tempting, but I also don't think that it is a preemptive attempt to go down again in more depth.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

End of the year price prediction? yeah, why not go for $40k-$50k? remember that we still have the second half of the year to boot, so we might as well see the price going up.

And there are a lot of speculators here and those who put their technical analysis here in our community and pointing to the fact that we might have seen the bottom already and prior to the expected bull run next year, the price could be around that range. For me, we have seen the lowest low for this bear market, and I don't think that we can go below $20k. We have seen the support along $25k and it is strong and it will hold.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

This is a very positive thing considering the significant increase in bitcoin in 1 day, of course behind it all is where Blackrock proposed bitcoin to this ETF which became more positive after a lot of onslaught from the SEC, finally the market was able to go against the direction I think right now, prices are still optimistic bitcoin is still holding pretty well at $30K, but when you say whether the price will go down or up I think a correction will definitely happen again but the market is still in good momentum so for now it's still very strong in the current range .

About $40K I think it will be easy for sure this year but still it has to pass some other negative news before the positive news comes which can influence bitcoin price to recover.
Now the market is back to green starting from Bitcoin.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

I think based on the analysis I see on its resistance now, its resistance will be calm within 2 weeks from now, and its motion will probably be between 30k$-32k$, let's see if, within 2 weeks from now, it will break the value price of 33k$ towards 35k$, or drop again to 29k$.

It depends on the good or bad news we get about cryptocurrency. And from what I've seen, it's because of the series of good news that happened today that the Bitcoin price suddenly pumped up, which also caused the rise of other cryptos that are in the top 50 in the market.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

Please share your thoughts about this.

I still believe bitcoin will hit $40k this year, but maybe not this time, but this time I believe it will go further and maybe $32k - $35k before its correction. But honestly, I expect bitcoin to fall more than I hope it will go up because I still want to buy it at a low price rather than a high price. For me, I am not in a hurry about the price going up because sooner or later the bulls will come, it is inevitable. So I will just want to focus on accumulating as many bitcoins as possible.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

~snip~
Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the

Take a coin, pick heads or tails and flip it. It all comes down to guessing whether bulls or bears will have better luck in their intentions. For me personally, it's not the time for some big bull run, although it's obvious that something is brewing in the US kitchen, and the question is whether something will really happen or if the market just reacted to the news too optimistically.

Regardless of the enthusiasm with BlackRock, Fidelity or some other big company, I hope that people do not think that they are interested in Bitcoin because they consider it good and necessary, but are only interested in profit. Just as they have the power to pump up the price of BTC, they also have the power to do a lot of damage to the same.

Quote from: Lucius on June 22, 2023, 02:31:04 PM

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

~snip~
Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the

I don't think the big companies will do any damage for bitcoin. It's not in their interest. Although they can undoubtedly drop the price for a while to get a chance to buy cheap coins. But now that they are here, they undoubtedly have a strong interest in bitcoin to make a profit. So in the future the prices will be much higher than they are now.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

We will never know if it's all about the price of Bitcoin. It's nice that it's back to $30k but it's still fluctuating on that price and the possibility that it gets back to a lower price is always there.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

If it falls again and draws back that's a perfect opportunity that shouldn't be wasted by many if ever they've missed the drop that it has did. Because when it goes into a bull run, we'll not be sure how high it will go.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

We are no longer in the first quarter of the year, we are in its second quarter. Every quarter of the year is 3 months, and we are in June(6th month of the year) which makes it the last month of the second quarter of the year. This should be the second time we are seeing the price of bitcoin go above $30k in the second quarter of the year, the first one happened in April as you have already said.

I don't think that bitcoin's current price surge will cause it to revert to its prior level of $25k to $28k and stay there for several more months as it did it before. I anticipate that the cost of bitcoin will at least reach $32k between this month's end and the start of the next month.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

This time is different, as people like to say :D
IMO the price was always at 30k, but there's a difference between real value and spot price. Spot price is determined by trades on the biggest exchanges and 2 of them got sued by the SEC, which was a move to drag the price down and allow institutions to buy from you. They also wanted to introduce their own government backed exchange and force Binance out of the US, which worked.

The price is now returning to its former level that was achieved naturally in q1 of this year. The drop was driven by the US government and if you panicked and sold to them, that's your loss.

I think that we will continue to go up, especially when the blackrock ETF gets approved.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

Just expect more and higher attempts sooner thannwe experienced this few days since we are getting more closer to the bitcoin halving coming up next year where there will be a serious volatility and there may be more dips and highs during this time in their peaks, what we can do now is to hodl more as possible to stand in position getting ready for that appointed time for the bullrun to come sooner, we may experience breaking limit to $40,000 before the end of this month base on series of indications gotten from the chart while speculating.

Quote from: adaseb on June 23, 2023, 03:29:37 AM

The $30K is not really that much of a important resistance are. It never was. Same with $50K when most people assumed it would be the top last cycle.

This entire rally is based on the fact that the spot etf might be approved and we got 3 different companies apply for etfs. What this will do is create demand for real spot bitcoins which are already in short supply and should cause Bitcoin to rally quick.

Hopefully they won’t get rejected.

Historical resistance levels do not always determine future price movements, and previous assumptions about key levels, such as the $50K figure, have been proven wrong in previous cycles. As you said, traders are better off focusing on the $30K resistance level not ignoring factors. other.

Yes. the potential impact of a spot ETF approval. With so many companies offering ETFs, there is an expectation of increased demand for real spot bitcoins, which are already in short supply. This spike in demand can lead to a rapid Bitcoin price rally. although It is expected that the ETF application will be successful and not face resistance, as this will further contribute to positive market sentiment and potential price growth.

Quote from: Oshosondy on June 22, 2023, 12:15:31 PM

Now, in the current resistance situation of bitcoin in the exchanges, we can notice that its motions are not so aggressive, which means that there may be positions to lift towards 33k$ if the support is broken, and if not, the motion is possible. it is still a downtrend.

So, we can't accurately measure where its direction is due to its volatility, that depends on what updates will be made on the news about Bitcoin or crypto.

Quote from: gunhell16 on June 23, 2023, 06:02:17 AM

You mean if the resistance is broken, not the support.

Let us see what will happen. Some analysts believed that bitcoin may first go to $28000 first, but it is like $30000 is becoming the support price now. If it maintain this, likely it might go up. But some people may still sell at around $31000 as many of them see it as the resistance price for now. If the bulls win, bitcoin may increase further above $31000.

Quote from: darkangel11 on June 22, 2023, 08:36:46 PM

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

What do you mean in the whole post. I don't think I really understand you well. Are you in anyway saying that the exchanges prevent the bitcoin price rise or they in a way influence it with the spot price. This therefore means that if there are no exchanges, the market movers will trade bitcoin directly against ordinary users to give the true value of bitcoin?

Quote from: fzkto on June 22, 2023, 03:53:01 PM

I don't think the big companies will do any damage for bitcoin. It's not in their interest. Although they can undoubtedly drop the price for a while to get a chance to buy cheap coins. But now that they are here, they undoubtedly have a strong interest in bitcoin to make a profit. So in the future the prices will be much higher than they are now.

I wish you were right, but I share the opinion of some other people who think that BTC ETFs are very likely to cause a lot more problems than good. I've already posted that link on the forum several times, so even though it's about posts from 5 years ago, I think that what @theymos wrote definitely makes sense - although it would be interesting to know if he still thinks the same today.

You must know that the interest of big companies is exclusively profit, and that they do not choose ways to achieve the same. But most of these companies just use everything they can and then move on, and I think that Bitcoin is no exception to that.

Quote from: https://bitcointalk.org/index.php?topic=5153962.0

Agreed, an ETF will almost certainly turn into a disaster at some point. The coins will be stolen, forks will be handled controversially, there will be issues with fungibility (eg. someone will "trace stolen coins" to the ETF's stash), the world will freak out when a bunch of retirees lose their life savings after doing the equivalent of buying BTC at $20k, etc. etc. It'll also get the sort of people who love regulation more into BTC, which is never good.

But investors want it, so it'll probably happen eventually. In particular, I totally condemn trying to get regulators to interfere in the free market more than they already do by blocking any ETF. (When the SEC was last looking into this, I had actually written a long document that I was going to send to them in order to comment on many technical issues with their proposed Bitcoin ETF regulation, but I decided not to send it because I don't want to have even the slightest hand in regulations.)

An ETF probably will increase the price a lot (until the ETF suffers its near-inevitable catastrophe), which has some pros and cons.

Note that an ETF can't affect Bitcoin itself, just the ETF investors and the market. There is no voting of any sort in Bitcoin, so it's not as if holding a lot of BTC gives you any power over Bitcoin, for example. I do agree with Andreas that the creation of a "corpo-Bitcoin" seems probable, perhaps after the ETF loses a ton of BTC and wants to undo it.

Quote from: uchegod-21 on June 23, 2023, 07:51:47 AM

Quote from: darkangel11 on June 22, 2023, 08:36:46 PM

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

I don't think that what he intend to say though, he might be pointing to the US government, against their hard line stance on crypto itself. And instead of pulling the price down with the whole SEC vs exchanges, the price suddenly goes up to $30k.

And we used to have this price already, it's that we just reclaim it again, so good job for the market and all the investors. And if you sell during the negative news on Binance, then it's your loss.

There still another catch here, if we seen BlackRock ETF gets approved, although the chance might be slim, we might see a huge rally again.

The BTC price dropped down to 25K mostly because of the "SEC vs. Binance.us and Coinbase" drama, but it turned out that this drama isn't such a big deal(as expected) and the optimism returned to the Bitcoin market.
The price moving in the 25K-30K range isn't such a big deal to me. A 20% price fluctuation can be considered normal for Bitcoin.
I don't believe that there will be strong support for a price pump above 30K USD. The summer is usually a quiet period for the cryptocurrency markets. There won't be any major bullish news coming soon.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

Well, I'd never seen yet the strong market position of Bitcoin but still, I was in good faith and believed that this year we are able to see the price of Bitcoin hitting back at $35k. Of course, I don't expect the market will turn bullish, no, but at least seeing its price surpassing $25k is a sign that we are moving forwards and building recoveries slowly. As to the moment that halving comes and done, the Bull run is what we believe to come next. And that is likely to happen next year. So I guess, we need to extend our patience till next year otherwise, it was a fail test.

Quote from: Coin_trader on June 22, 2023, 01:05:42 PM

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

Well, a very optimistic prediction of yours. With or without that ETF that's being filed by Blackrock, Bitcoin is expected to surpass it's previous ATH maybe next year or 2 years from now.

Anyway, it seems like the ETF filing of Blackrock really pushed the price of Bitcoin to around $30,000 currently. TBH, I don't know the impact of having a Bitcoin ETF towards the crypto market because we haven't seen any ETF filed that has become successful in the past years, so I'd be excited to see what will be the after effects of this ETF "IF" it will not get rejected, but at the same time, cautious as well. I might hold some Bitcoins for short to mid term because most see this ETF filing as a positive news thus, price of Bitcoin is increasing.

It seems like the $30,000 is now the support.

Going down to the $26k price area may still happen if there is further FUD attacking Bitcoin. the achievement of the current bitcoin price being able to stay above $30k is good enough. The market looks supportive and many investors are starting to enter. But it does not rule out the possibility that a correction will occur. it is quite normal if there is a correction in the next few days. or when the market drops weekly.
To reach a higher price, it certainly needs some corrections, so that the current position will be even stronger.

Quote from: cryptomaniac_xxx on June 22, 2023, 01:12:52 PM

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

We have approximately 5 months until the end of the year, so I'd say that anything is possible. However, I'd say that it's still quite early to see such a major recovery due to the ongoing economic uncertainty, and the latest incidents with the SEC didn't help at all. In my opinion, I don't anticipate Bitcoin surpassing $40,000 to $42,000 within 2023, and to be honest, I'd be satisfied after all that we've been through the past few months. I'm almost certain, though, that the bottom has been reached, unless something unexpected happens, such as a large exchange closing. Perhaps some time before or after the halving, we'll see a major recovery, possibly near mid-2024.

Still find it hard to understand that ETFs still stir up quite a bit of corporate fomo. I won't claim to have the same opinions as the few back in 2017/18 -- but have always held that all the speculation about "institutional interest" being a major driving force behind a sustained bull for Bitcoin is already disproven.

Don't even remember the names anymore but each time something big has finally coughed up, the reaction has been a whimper. Big money, old money, these didn't wait around for ETFs.

And yes, the bigger picture? None of this affects Bitcoin beyond the (temporary) reflection on its (trading) market and derivatives of.

The bitcoin price is currently at 31k and needed to break the 31k resistance level but now that bitcoin has managed to reach that price, I think the bitcoin price will continue to 33k in the near future.
bitcoin is expected to continue its bullish trend in July and it is possible that the price will be higher than in August and we can be sure that in August the bitcoin price will decrease slightly, maybe it will return to the price of 26k-25k or again.
and this is just my opinion and eventually the price of bitcoin will rise again, and some positive news related to bitcoin could be one of the main sentiments in preparation for next year's bitcoin halving.

Quote from: Kelvinid on June 23, 2023, 12:31:57 PM

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

>snip

I'm not sure what to say about the current state of the market, I mean the price is recovering slowly after a few months of correction. Currently bitcoin price has broken the $31k resistance and will probably test another resistance level around $35k, but I hope this recovery doesn't stop before $35k is broken.

I think the market has recovered after a dismal year in 2022, but of course it's not very bullish even though we are already above 100% of last year's low. Currently, we are still in the -54% range of ATH bitcoin, so I hope the price recovery this time can continue and even break through the $40k resistance, hopefully.

Quote from: bitzizzix on June 23, 2023, 05:10:43 PM

Resistances tend to move. They are just levels that we failed to break the last time, but it could have been due to the fact that there was a large seller setting up a wall of coins at that level and we kept bouncing off, but that seller doesn't have to be there now, a few weeks later. Don't forget that the SEC attacked Binance and many people took money out of exchanges, so there was much less liquidity on the market compared to a April when prices were pumping for the first time.

Wait for us to break 32k because above that there's no known resistance level up to 40k, so if we can stay above 32k, we'll poke the low 40s for sure.
I think it's inevitable this year that we do it.

The recent movement in the bitcoin price is a good sign for the market and also a good sign of the bitcoin price hitting the $40-$50K price before the end of the year or at the end of the year. After the price hit $30K in the month of April, many expectations was that it’ll go below $30K for some correction before it goes uptrend again but it didn’t. This current uptrend was as a result of happenings in the market (Blackrock, ETF etc), this is a good sign and I don’t expect the price to go below that range any time from now again.

Quote from: Kemarit on June 23, 2023, 11:12:41 AM

You're correct. What I meant is that spot price depends on a few big exchanges and the data they propagate. Binance and Coinbase were under pressure from regulators who wanted to freeze Binance's assets. This was done to scare people into selling or withdrawing their coins and allowing institutions to do their last buys before announcing their plans for ETFs and custodial services. It's one large scam.

The real value of bitcoin at that time was different than what exchange data was telling us. Bitcoin was still worth 30k, it just wasn't trading at 30 because exchanges were being suppressed.

Quote from: AakZaki on June 23, 2023, 03:59:40 PM

Going down to the $26k price area may still happen if there is further FUD attacking Bitcoin.

I didn't hope for it, but based on the pattern that occurred in previous years, there is a possibility of another correction going forward.

Quote from: AakZaki on June 23, 2023, 03:59:40 PM

the achievement of the current bitcoin price being able to stay above $30k is good enough. The market looks supportive and many investors are starting to enter. But it does not rule out the possibility that a correction will occur. it is quite normal if there is a correction in the next few days. or when the market drops weekly.
To reach a higher price, it certainly needs some corrections, so that the current position will be even stronger.

I also wouldn't completely discount the possibility of another correction below $28k in the following months, but this incoming investor support is expected to keep the price above $30k longer than we expect. It's always possible for Bitcoin to gain FUD allowing the price to correct again, but I don't expect that to happen verry soon.

It is hard to tell if the price of the Bitcoin market will plummet again but I expect it to reach $40K and after we may see another market correction since the reason behind the surge in price happened after the U.S banking crisis, the Federal Reserve changed its stance recently on interest rates in an effort to prevent a a recession or increase public confidence in decentralized finance. As a result, the cryptocurrency market benefited greatly from this, and this also lead to giant multinational company filing for BTC ETF.

Quote from: goaldigger on June 23, 2023, 09:38:17 PM

This is an indication that many believes we should be on a bull market and if this time Bitcoin able to break the resistance, we might see its price to actually reach the price of $40k. Let’s wait patiently and watch the market closely as this can still be a bull trap because the volume is not that much to support the pump. Though if you look at a weekly time frame, you can still a bullish trend with Bitcoin and its a good sign too.

I'm glad there is a lot of optimism about the market right now, but bitcoin's volatility will allow you not to find it breaking through $40k in the next few months. I'm not sure $40k can be broken next month, but most likely only if support from investors gets stronger.

I'm a bit surprised by bitcoin's success finding $31k again after it was last reached in April, but it's always possible anyway when demand increases. Price movements occur so fast, but we also need to consider the possibility of a correction.

Quote from: goaldigger on June 23, 2023, 09:38:17 PM

We did break the resistance of $30k, for a short time, the price reaches $31k, but then again, maybe there are sellers or orders along that price, so it was liquidated very fast, and so it didn't last long. Nevertheless, $30,500 right now, still very high and we should be expected that this price might hold at least at the end of the month. And if that happens, then we are going to be green again. Historically, the month of June is not good in a bear market, but it seems we will change that pattern for this year as we have seen a jump from $26k-$30k++.

Quote from: buwaytress on June 23, 2023, 04:48:24 PM

Yeah, we still remember the CME or CBoE or even Bakkt hype around 2017-2018. It just FOMO and it didn't have any effect on the market. I mean the market moves as it is, bear market - price going down, bull market - price going up regardless of this institutional news or now.

So one lessons we learn is that it doesn't matter though, maybe it will have a temporary effect on the market, but once everything settled down, we are back to the normal flow, and speculation as to where the price would be short or long term with or without this money from institutions. The driving force is still with us, average joe retail investors.

The price of Bitcoin has been running upwards for several days. 25k has been dragged down for a long time and from there touched $31 thousand at the present time. But I think we're going to stay under the shadow of a Bitcoin bull market. Meanwhile, Bitcoin halving is only 297 days away, so we can see the increasing price of Bitcoin. I don't think the price of bitcoin will go down because everyone is ready to invest now because of which the price of bitcoin has completed high speed will be more. I can see the price of bitcoin going up and up to 35-40k this time.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

not only that mate because in 24 hours bitcoin broke 31k again and almost 31,500 dollars to be exact

Price performance
24h
Low
$29,927.28
High
$31,389.54

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

so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

Quote from: Popkon6 on June 24, 2023, 02:11:04 AM

The halving is a powerful catalyst for a bull market, but one thing that people overlook is that the bulls will only come a few months or a year after the halving, not immediately. We are still 297 days away from the halving, and that doesn't mean the bull season is exactly 297 days away.
If you look closely at history, we even had another big drop before the halving. I don't know if history will repeat itself, but it's not right to expect the price to rise as the halving approaches. There are many different factors that affect the market than just the halving event.

Quote from: kotajikikox on June 24, 2023, 02:48:21 AM

-snip-
so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

Touching $31k is the highest price for this year and this is certainly the strongest resistance.
See how the price is still stuck in the $30k price area.

Looking at the 1D Time Frame Bitcoin is in the Uptrend Console position, and if it is able to survive in the current position the bullish possibility will continue.
However, the possibility of continuing to $50k is still quite heavy, especially if there is further FUD that makes the market unstable.

But hopefully, $40k-$50k will be reached this year, and ATH will appear before the 4th Halving.

But if it is forced down, of course, there will be some corrections so that the market is not saturated and is currently Overbought.
The nearest correction area is at $28k-$27k support.

https://www.talkimg.com/images/2023/06/24/H0voj.png

Quote from: LogitechMouse on June 23, 2023, 01:56:53 PM

I am not entirely sure if it was Blackrock that made it push this far, sure it looks like we are talking about a good thing here but not all good things have a good result in the crypto world. Sometimes it does well and sometimes it doesn't do all that well.

I think this one was one of the good ones that did well and I personally believe that blackrock doesn't have anything to do with the increase, sure it must have some small help here and there but the main reason was that people were done going down and it was much harder to go down, it required a lot more bitcoins to be sold, so we basically found our bottom and then it started to increase and go higher because of that. It's a good thing, we needed this increase for sure.

Quote from: Doubler Disburser 232515 on June 24, 2023, 05:13:44 AM

How far away from the next halving are we? It might be a combination of factors such as business consolidating their half yearly positions by shifting funds around or investment groups seeing the $25k price and deciding to throw a few million in Bitcoin's direction.

329 days until the Bitcoin halving will start, don't worry we don't need to worry because it will definitely happen,
Bitcoin has also reached $30k this year and is likely to stay at that level and make a bullish pattern,
so if you have sold Bitcoin in the price was $ 25k yesterday better buy again.

Quote from: Doubler Disburser 232515 on June 24, 2023, 05:13:44 AM

How far away from the next halving are we? It might be a combination of factors such as business consolidating their half yearly positions by shifting funds around or investment groups seeing the $25k price and deciding to throw a few million in Bitcoin's direction.

Approximately 300 days until the next halving (https://buybitcoinworldwide.com/halving/), although the exact date cannot be precisely determined since halving occurs after every 210 000 blocks, and blocks are created on average every 10 minutes.

Given that halving is something that has had a big impact on the price so far, there should be no doubt that many are acting on it when it comes to investing in Bitcoin. Although from a business perspective it always makes the most sense to invest when the price of something is lowest, and all those who invest now have missed this opportunity.

For small investors who will invest a few hundred or thousands of dollars that may not mean too much - but when you invest millions then the difference must definitely be noticed, because for what you invest in BTC today you could have got almost twice as much BTC 6 months ago.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

The signals are full of various analysis when the price increases which is very pronounced in the last week of June.
Of course I am very happy to see a sharp increase in the price chart and consider this something from a positive angle.
Sometimes I also think that this condition will not last long or only for a moment and will return to the price of $25K - $26K.

I hope this market situation persists and can increase towards the price of $40K although there will be another decline.
If it can last for the next month, then I will be very optimistic that $ 40K can be reached by the end of the year.

Quote from: Doubler Disburser 232515 on June 24, 2023, 05:13:44 AM

322 days give or take, so it's a little bit under one year from now. It's the FOMO though, when there is news of institutions getting into the Bitcoin ETF like Blackrock applying for now, the price seems to zoom in to $30k++.

So it's not businesses consolidating, although institutional money has been in the market for so long. But this is different, everyone including retail wanted to jump and doesn't want to missed the opportunity that's why there is a huge shift in the funds for bitcoin as we speak and there could be more waiting from the outside, willing to jump into the market.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

This is not a bull sign but the normal movement of the market. When the bull sign movement will come we will still know and detect it.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

when I saw the thread even I had not even read it but I just thought of it that the op would say " what is in your mind, what do you think? Well that is not withstanding, op your analysis is wrong. Not that I am criticizing you but what you said is wrong. Bitcoin price has not hit 30k$ at the first quarter of this year. From your statement, you said April and April is not first quarter again it is second quarter. If you don't understand the quarterly analysis of the year, I will tell you.
The 30+$ hit from second and third quarters of the year.

Quote from: Lucius on June 24, 2023, 10:33:42 AM

For small investors who will invest a few hundred or thousands of dollars that may not mean too much - but when you invest millions then the difference must definitely be noticed, because for what you invest in BTC today you could have got almost twice as much BTC 6 months ago.

Market conditions have recovered compared to 6 months ago, but anyone buying now may still have other things in mind. It's true that they missed the opportunity to buy lower last year, but today bitcoin is still pretty low compared to its ATH. So I think even if they buy it now, they can also expect a worth itu return in the long term. After all investors investing in millions could also consider DCA, and at least that should help get them to buy at a lower average price.

Quote from: goaldigger on June 23, 2023, 09:38:17 PM

Bitcoin hitting $30,000 twice this year doesn't mean we'll now see a bull market, it might be another bull trap and the market dumps with those it has trapped that bought the hype. $30,000 isn't a significant price to trigger the market into entering a bull run that'll see Bitcoin pump.

So many factors need to happen before we can enter another bull market that would see Bitcoin pump above it's previous all time high and also trade above $100,000. One of those factor is Bitcoin halving, if that hasn't happened I don't see the market pumping like it's in a bull market.

The spontaneous spike of Bitcoin doesn't mean the price is set to keep pumping but that's all we wish for as we have invested in Bitcoin and expecting the market to continue going up so we can profits but we should expect it to fall as correction take place.

Quote from: Baofeng on June 23, 2023, 11:00:10 PM

Quote from: goaldigger on June 23, 2023, 09:38:17 PM

The pumping was very fast, but the resistance was broken after the second attempt. We have one more day to hold above 30k. If the weekly candle closes above this level, it will mean that the resistance will become support. Hopefully nothing bad will happen tomorrow.

Quote from: BITCOIN4X on June 24, 2023, 04:19:40 PM

Thinking about others because they think whether after the increase there will be another correction and it becomes indecisive if an investor continues to compare last year's prices to now, I think it's never too late as long as it is still far from ATH, now at a price of $30K it can still be dominated the best price but much bigger later the return is still decent, especially by saying in the long term, of course the price will be even higher if they start now, the return will be 2x from the previous ATH, especially the new ATH record can even be more than 5x returns.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

Ambivalent feelings. When we have been given bad news for 2 years escalating to charges against Coinbase and CZ, it's more than hard to trust again on any kind pump. FUD is still there, people are now just ignoring it. And i find it weird that people seem to still buy everything even though threat to altcoins and binance seems real and bad.

But i guess i shouldn't try to find reason from the markets. Only reason it needs is that when it pumps it pumps more just because of confidence.

Quote from: skarais on June 23, 2023, 08:15:50 PM

Quote from: AakZaki on June 23, 2023, 03:59:40 PM

Going down to the $26k price area may still happen if there is further FUD attacking Bitcoin.

I didn't hope for it, but based on the pattern that occurred in previous years, there is a possibility of another correction going forward.

Quote from: AakZaki on June 23, 2023, 03:59:40 PM

We will continue to hope that bitcoin is able to stay above $30k in price, and is still quite strong right now. The possibility of a correction will definitely occur, but if the support is still strong, of course bitcoin will continue to rally. Regarding FUD there will be some who come to interfere with Bitcoin, it is done so they can get cheaper prices. No need to panic, FUD will just come and go. Just focus on your investment and buy again when the price is cheap.

Quote from: Sim_card on June 25, 2023, 04:21:22 PM

The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year. The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range. I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.

Bitcoin have shown a lot of bull momentum since the beginning of this year 2023 after the price recovered from the market crisis that accompanied 2022 and that is some form of sharp attack on the market bit all through the start of 2023 bitcoin has been on the consistent price recovery and up till thos very moment the bitcoin price momentum has continued and at the moment is 30k+ and if I can speculate the next destination for Bitcoin I will say it going to clinch to the 35k region and then after making a new price chart.

What I can't speculate on this year 2023 is whether or not we likely see a bull market, my prediction on that is too low because since the next bitcoin halving is about a year from now it means the next bull will possibly be around a few months after the bitcoin haven.

Quote from: Sim_card on June 25, 2023, 04:21:22 PM

The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year.

There are no guarantees, but there is always a possibility.
As far as I understand, bitcoin will most likely maintain $30k support during June and it will also test stronger resistance between $33k and $35k.

Quote from: Sim_card on June 25, 2023, 04:21:22 PM

The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range.

If you take a closer look at the chart, you may get more accurate data on the April highs and lows.
The highest bitcoin price in April was $31k, while it has corrected to a low of $24.8k in mid-June. But the bitcoin price recovery journey since the beginning of the year has not been as smooth as we imagined, I mean the correction in March was

Quote from: Sim_card on June 25, 2023, 04:21:22 PM

I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.

Most people are optimistic about it, so prepare your plans well if you want to make a worth it profit afterwards. Corrections are still possible, so keep doing DCA if you want to accumulate.

Quote from: Sim_card on June 25, 2023, 04:21:22 PM

I agree that $40k should be easy to reach at the end of this year if Bitcoin price can always survive above $30k. However, if bitcoin experiences huge dump again, $40k may be a bit difficult to reach. I'm sure how big the price of Bitcoin at the end of this year will be determined by the issues/news about Bitcoin or crypto in the next few months. This factor sometimes has a very significant influence on Bitcoin price growth.

Quote from: AakZaki on June 25, 2023, 07:04:47 PM

We can expect Bitcoin price to survive above $30k if there will be no serious FUDs again. But if Binance case with SEC is getting worse, Bitcoin may drop to $28k-$29k and experience a long sideway again. TBH, I really don't want to see the same trend again as the last few months.

Quote from: nurilham on June 25, 2023, 09:03:31 PM

Ignore the Binance and SEC cases, maybe there will be more FUD than just that. But to be honest, I didn't expect that FUD would hit the bitcoin market so hard that it would then turn the trend bearish. We don't expect the trend anymore, but it's always hard to avoid it when traders can't go against the direction.

So far $30k is still holding, but maybe not too strong support when the current price gap is only $400. I hope the bitcoin price doesn't drop below $30k by the close of June, although I know that's also possible.

Quote from: taufik123 on June 24, 2023, 05:09:27 AM

Quote from: kotajikikox on June 24, 2023, 02:48:21 AM

-snip-
so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

Touching $31k is the highest price for this year and this is certainly the strongest resistance.
See how the price is still stuck in the $30k price area.

but this is just June mate? we have still 6 months to wait for us to tell about the highest price to expect this year of 2023?

Quote

Looking at the 1D Time Frame Bitcoin is in the Uptrend Console position, and if it is able to survive in the current position the bullish possibility will continue.
However, the possibility of continuing to $50k is still quite heavy, especially if there is further FUD that makes the market unstable.

never that I expect 50k very soon but at least this is the price I am praying to achieve this year at least.

Quote

But hopefully, $40k-$50k will be reached this year, and ATH will appear before the 4th Halving.

if ATH can be attain before halving then that would be 69k before mid next year mate?

Quote

But if it is forced down, of course, there will be some corrections so that the market is not saturated and is currently Overbought.
The nearest correction area is at $28k-$27k support.

https://www.talkimg.com/images/2023/06/24/H0voj.png

maybe I am contented for that support at least not to see 25k again before halving .

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

and maybe we will see more of this before the year ends because there are half a year remaining so if we hit 30k twice in half year so what more if we crosses 3rd quarter and the 4th ?

Quote

it is really spontaneous because we climbed 20+% in just 2 days and that is the highest we have from 2nd quarter ,
if this is going to happen quarterly then we will be seeing this for another 2 x more?

Quote from: Wiwo on June 25, 2023, 07:28:49 PM

Quote from: Sim_card on June 25, 2023, 04:21:22 PM

We all know about the initial price increase when the year 2023 started but we have also witnessed how the price was after it reached $31k in March, till that moment until about a week ago, it has been struggling to stay up and not fall down much, and as soon as the news about SEC suing Binance and Coinbase came out, the market dipped even further causing more panic and FUD in the crypto traders from all around the globe.

Now, after so much time, the price has shown some positive movement but then again it has become stable at around $30k which was the previous resistance, now I don't really see any momentum or signal for the price to go up to $35k from here because it isn't being able to move up at the moment.

Quote from: taufik123 on June 24, 2023, 05:09:27 AM

Quote from: kotajikikox on June 24, 2023, 02:48:21 AM

-snip-
so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

Now the market is rallying around 30k and since bitcoin has touched 30k this year this should be the longested time it lasted at 30k range. If this trend continues for more 7days without falling below 30k, we will understand that the 27k support is trying to shift to 30k and when this happens, a new resistance would be formed around 35k.

For this year, I know that bitcoin will move upwards again but I doubt that it will exceed 45k this year. Bitcoin has already give more than 180% rise this year, so we are optimistic about halving.

Quote from: ShowOff on June 25, 2023, 09:21:52 PM

So far $30k is still holding, but maybe not too strong support when the current price gap is only $400. I hope the bitcoin price doesn't drop below $30k by the close of June, although I know that's also possible.

If bitcoin falls below $30k, it's not a bad thing. I mean, why don't we take advantage of the short-term correction to profit, or will that also give us more time to accumulate bitcoins? Even if bitcoin goes higher and crosses $35,000, we won't have a bull market this year, so I think it would be better for it to fall back instead of continuing higher. Maybe I'm thinking the opposite of everyone, but that's what I want. For me, the bulls will only appear after the halving, so the current rally will only make it harder for us to accumulate, so I don't expect bitcoin to go higher.

Quote from: fzkto on June 24, 2023, 08:31:55 PM

Quote from: Baofeng on June 23, 2023, 11:00:10 PM

Quote from: goaldigger on June 23, 2023, 09:38:17 PM

Yes, it was just two days or 48 hours to see the price going from $26k->$31k, which means there is FOMO.

Nothing bad has happened though, even if we have settled down a bit, the market remains relative calm at $30k so it's a good sign for us. Although it might signal that we could go on another long and prolong sideways pattern like what we have seen in 3 months before another break out round, or investors are just waiting for some good news again to push passed this resistance price and then go $35k, which is the next barrier to break.

Quote from: doomloop on June 26, 2023, 10:38:10 AM

The fact that it has shown some positive movements is the reason why more people are going into it again, it just shows everyone that we are at a stage where it is doing fine again, which means that it is going to be a great thing. Obviously this depends on how good it could continue and if it can continue to do well then we are going to be fine.

A lot of people will ignore such a thing and they will end up with buying no matter what because they saw it go up and they do not want to miss it, but I understand the logic behind it since it hasn't been this high for a while and wanting to buy at this level is reasonable. Plus we are not here for the first time, that is why it may have less people selling during this period as well.

Quote from: Wong Gendheng on June 23, 2023, 02:21:37 PM

A good thing because prices can return to $ 30k after more than 2 months continue to drop, even many are predicted if the price returns below $ 20k and is almost true because the price has touched $ 24k, this proves that the Bitcoin community is still solid and can Make a surprise until the end of the year.

If they are a solid Bitcoiner, they won't ever think that BTC will dump under $20k as it shows they underestimate the coin. Now that BTC only shows a reverse movement, I bet those speculators change their views instantly and by now they are now hoping for Bitcoin to cross $31k. But that's a better mindset now. I also believe that BTC will reach $31k in no time and break that strong barrier to allow the coin for more gains.

2 months of being under $30k seems a bit long but the wait is worth it. 2 months of waiting time for a comeback is still nothing compared to what we have last year. We waited for almost a year to go out of the bear market. This is the one of the good things about crypto as it teaches us to be patient.

Good action so far since passing the lowest Fib line from ATH to the low last year. We have stayed high enough long enough to turn the 50 day average back to positive direction which bodes well further out then just these short term looks during a week.
29724 is the level I have to maintain above for the most optimistic action to continue but so far for almost a week now the market has closed each daily bar above 30k. We have gone sideways mostly but still I count this quite positively, due to being sideways the weekly average is now at the lows of today. For me a rolling weekly average shows positive or negative market short term so we'll see how this momentum challenges into and over the weekend but just staying here is ok for now.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

After the spontaneous increase in the price of bitcoin some days back, I was expecting a price increase till the $35K-$40K level but it just stopped abruptly and might have reached its resistant level, if that’s the case, we won’t see any further significant rise in the price in the soonest. If the price can maintain this price level till the end of the month to mid next month, we might see it reaching the $40K price level when there’s any uptrend in the price coming after that period.

Quote from: Asiska02 on June 28, 2023, 08:51:50 PM

However I agree $40k is still very much achievable, but not in June but in July or so. Given that the market is currently trending sideways between $29k - $31k, then maybe $40k won't be hit too soon. There should be some corrections gracing the road, but don't think of them as thorns but rather as good support for hoping for a run higher.

We all hoped for a bullrun, but at least don't ignore the correction which you can also use for accumulation. At the moment $29k is support which has been tested a few times since the price broke $31k, but if it is strong through mid-July then about $40k could be reached.

Quote from: DeathAngel on June 22, 2023, 01:31:53 PM

$40,000 before the end of the year would really set us up nicely for some real fireworks in 2024 & 2025. Hopefully we don’t get a 2019 style situation where we make a nice high & then retrace to lows. Things are looking good with Blackrock & Fixelity + others filing for bitcoin ETF’s with the SEC but let’s not get too excited. Things can change quickly. It is looking good above $30,000 though.

The price of bitcoin is moving up gradually and what I noticed is that one of the things hindering bitcoin not to increase is because bitcoin some of negative information circulating because bitcoin has be doing well and I know that everyone is expecting bitcoin to increase above this particular price now, but the information of sec is one of the things I notice that is the barrier of bitcoin not to increase above 30k, but the increase of bitcoin this year shows that bitcoin may or may not experience a large market increase next year 2024, because I read some thread of previous year were people where discussing that bitcoin will increase next two years is 2024 and 2025 which they will be experience of bull market

Quote from: RewFrew on June 30, 2023, 07:08:21 PM

Now for third time bitcoin price touch $30k in this year. If bitcoin price will stable in $30k then it will boom i think. Bitcoin price increasing gradually. If bitcoin pri e were stable more 4-5 days then it’s price will touch $40k within short time. Then Bitcoin price will touch $50k, after that bitcoin price will touch $69k+ and will hit new ATH. And it is possible considering bitcoin movement. Anyone who understand cryptocurrency matket he will understand about bitcoin price.

And it seems that you also understand enough to say about Bitcoin price movements that you only remember going up by forgetting about sudden corrections. Today is a very wise example in Bitcoin, where you can see first hand how the price went from $31K to under $30K.

This means that increases and corrections will always be more visible in the market and I don't think that increases can continue without corrections being present. Because if you say about price stability at $30K, actually the price of $30K this month has been running for more than a week ago, but that doesn't mean that the Bitcoin price can go to $40K very easily mate.

Quote from: Falconer on June 28, 2023, 09:09:11 PM

I think so too, where we are already in a sideways phase after we saw bitcoin price back past the $30k mark this week and it seems clear that at this point the sellers are quite large and that is the biggest point to watch. We are at the end of the month folks, and we saw bitcoin close this June at $30k, there is a bigger expectation for us in July to see price move to $35k.

In one positive way, we saw bitcoin a few months earlier slowly starting to rise in price after the big crash at the end of last season. We just have to be patient to see big price spikes in July or at the end of this year. But I think the $40k target in July looks like it will be easy to achieve.

Quote from: ginsan on June 30, 2023, 09:40:36 PM

Expecting $35K in the next month is quite feasible as long as Bitcoin stays at $30K at the end of this month and also at the beginning of next month. Because closing this month at $30K in Bitcoin is something really extraordinary because Bitcoin has also seen struggling to get to the $30K level. So the current price is a pretty positive price and it's more feasible to expect $35K in the next month as a gradual price improvement in Bitcoin.

looking at the charts and looking at the current price of 30,400$ I see that soon the price will start to rise a lot and will reach 39,000$, I say that because currently the price is managing to consolidate above 30,000$, which means that the 29000$ is already working again as a very strong support, so with the good news of next year, I am talking about the bitcoin halving that according to PlanB will take place in April of next year so it is almost certain that the price of bitcoin is no longer it will go down a lot, on the contrary it will go up a lot from now on

the price reached 31000$, it did not manage to break this great resistance that is at 31000$, but it also did not drop much which means that people are very confident that every drop is a good buying opportunity, as soon as the price drops even if it's little people will buy and when the price breaks 31000$, it will soon break 32000$ and then it won't take long to break 34000$ and 37000$, the only big obstacle will be 39000$ - 41000$, after that it it will go up to 50000$, I believe that by the end of the year the price will be higher than the current price, I don't see the price dropping much anymore

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

I saw a flash news today that Bitcoin price hit $31,000 today and it is true then the price has hit $31,000 twice in this year. And that is a very good Significant of Bitcoin in the nearest future to come. The way things are going the price might reach $40k and above in this year. Bitcoin has tried in this year.

Quote from: Mate2237 on June 30, 2023, 10:38:07 PM

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

Yes, it did hit $31k again, around $31,080k'ish if I'm not mistaken as I'm watching the price. But it suddenly went down again and now stable at $30,400-$30,500. The resistance of $31k still is very big wall for us though, last night (at least in my timezone), as I'm watching the price, I was hoping that we can stay and maintain $31k at least for a 12 hours and see if investors will continue to be bullish and push it harder. But no, that is the selling point of many speculators, so it might be very difficult road to $40k.

Quote from: StreakW on July 09, 2023, 06:40:28 PM

In my opinion, the Bitcoin price increase which reached $30k twice in the first quarter of 2023 indicates significant market volatility. While there is no guarantee that the price will rise above $40k or continue to rise, I do feel that the current rise is an indication that Bitcoin has the potential to reach even higher price levels later this year.

And with that, we are someone seeing another bullish run, price is $30,700 as I type it.

I'm expecting that we might have to make a run to at least $31k and see how it goes. This could be the 3rd time though that we are going to break this $31k mental barrier, and I think this time, it will remain and hold that position.

Hopefully I'm right, at least at the end of the week or early next week, we will be at the $31k'ish range.

Quote from: StreakW on July 09, 2023, 06:40:28 PM

If you look at the prices at the beginning of the year, we have actually increased twice now and are at a price of 30k, which is good enough in my opinion, and with the slow movements that are happening now, it is possible for us to reach a price of 40k or higher at the end of the year.
My speculation is inseparable from the many positive price movements that have occurred throughout this year, so in my opinion it is very possible that this will continue until the end of the year, even with small corrections that occur.

Quote from: StreakW on July 09, 2023, 06:40:28 PM

And what about now? It is at $30k and it has been there for quite some time now, it has even touched $31.5k once or twice recently, but it couldn't hold it or break through it but came back down soon after that. Now the price isn't going up nor coming down, those who have been waiting to buy their favorite assets are on hold more right now because they don't know whether the price will go up or come down from this point, so they are just waiting.

We know and expect that the price will go higher than this point sometime this year, but the chances are also that it might not happen in case the price drops below $30k and goes around $25k, it will probably take a longer period to get back to this point again and then go beyond it.

Quote from: doomloop on July 12, 2023, 05:50:31 PM

Quote from: StreakW on July 09, 2023, 06:40:28 PM

Many are wondering when Bitcoin's sideways movement at this level will end. I think it will rise towards the end of the year, but I don't know if it will rise from this level or if it will fall first and then rise. That's why I'm waiting.

I want to see positive things in the market. When Bitcoin stays at the same price for this long, a small drop follows. Let's see what happens this time. Maybe it will go up, I don't know. I want to not be late to buy bitcoins instead of guessing lately.

Quote from: eightdots on July 12, 2023, 06:12:51 PM

The sideaway moves may end in this month, I am optimistic Q4 will be the start of a price recovery higher than $40k as the recovery impact of the previous news regarding the SEC and Binance.us has been completed, I have reviewed the market after the price recovery the impact of the bad news will be going sideaway indicates doubts for investors to consider buying or waiting for the market to fall, but it is better not to rush into making decisions and it is recommended to do planning for a DCA strategy every investment, maybe 20-30% of the funds will be worth buying bitcoins in the price range of 27-30k and remaining funds then you can arrange to buy at a lower price.

Quote from: StreakW on July 09, 2023, 06:40:28 PM

Bitcoin is at $30k and has made several attempts to go above $31k, but has been rejected from the $31k level each time. It seems to me that Bitcoin is gearing up for its next big move, and it could be in either direction. Bitcoin is testing the patience of traders to the utmost, and when it moves from this level it will be very volatile. So now actually we should take any decision with patience after considering the market situation.

Because if Bitcoin successfully breaks the $31k level, it will make it possible for Bitcoin to go to $40k or more this year. So when the market is positioned at this crucial point, traders will have to think a little more when making decisions as no one will want to miss this big move.

Quote from: doomloop on July 12, 2023, 05:50:31 PM

When the price reached same value twice in same year,it mean the price going to go above that value or going to drop.With the market analysis the price of bitcoin going to reach new ATH in the 2024.So I personally think,the price going to move upwards in the upcoming days.So we can expect some bull run in the upcoming months.The movement for now is unpredictable and can be move in the bull run,Since we had faced huge bear market in the first half of this year.

Quote from: uswa56 on July 12, 2023, 10:07:52 AM

Quote from: StreakW on July 09, 2023, 06:40:28 PM

I do believe that this increase definitely shows something greater in the future and that should be a big deal for all of us, I am not saying that it should be easy or anything like that, of course it's not that easy but at the same time when it is going up like this it just shows that we are doing a good job.

I can see the price increasing a lot further in the future and should not be really a big deal. I hope that we can go beyond all of this and should be considered as a future FOMO for everyone. If you saw it go from 15k to 30k then you should be FOMOing right now, if you are not then you will regret it later when the price goes even higher and you miss your chance. I am getting as much as possible too, it's just the smart thing to do.

Quote from: usekevin on July 12, 2023, 07:54:40 PM

Quote from: doomloop on July 12, 2023, 05:50:31 PM

This year is still quite long it could be that in one year the same price ($31K) could touch it several times because the movement of bitcoin up and down of course it is still very possible even though it is still difficult to predict.
I will not say the next ATH in 2024 while the previous history still takes time from the halving to occur, but it will always be different from each cycle but we never know what happens next the forecast will only bullrun at its time.
Maybe it can be said that the bear market has passed and now only sideways long enough after that a slow recovery until it can bullrun again.

Quote from: superman184 on June 30, 2023, 10:03:31 PM

Bitcoin has touched the price of 30k$ in this months and I think that it will soon go more up and will rise to the price 35k$ and 40k$ this year. Price will also increase because more and more people are buying bitcoin as they have realized that how beneficial it is.

Bitcoin price remain higher for few days and if it continuously show rise in cost then surely there will be Bull run and everyone will get benefit from this bull season. There is a high chance that during this year bitcoin will touch 40k$ but people will not make a concepts of selling their bitcoin at 40k$ as they are in wait to get the benefit of halving next year.

Quote from: Pejoh Asu on July 14, 2023, 03:31:28 AM

After a long wait for almost a year now the price can reach $ 31500, hopefully this will be a positive sign that the bull run will happen soon, I am optimistic that as long as there are no big cases like LUNA or FTX, investors will continue to buy because they already understand that when a halving day occurs, the price can up to 200% of the previous price.

Let's hope so. We are at 6-month highs, and seeing that the worst of the bear market is over and there is less and less time left for halving, what we would expect would be a sustained rise in price, although with ups and downs, until about $50K I would say, where I think there will be resistance. I think it is difficult for the price to go much higher than that mark before halving.

Quote from: Poker Player on July 14, 2023, 03:52:32 AM

Quote from: Pejoh Asu on July 14, 2023, 03:31:28 AM

Yeah, isn't it great to see that despite that we are still in the bear market, the market has improved a lot already. Since the start of the year, we are slowly getting into the groove and now have doubled the bottom price already at $31k and it seems that the market is not going to stop.

So hopefully we can sustain this run and in the next 6 months, we might see the price hitting $50k. And then what makes everyone excited, we will approved halving year already so we will be expecting a massive bull run in 2024-2025.

Quote from: Yaunfitda on July 14, 2023, 07:30:19 AM

Quote from: Poker Player on July 14, 2023, 03:52:32 AM

Quote from: Pejoh Asu on July 14, 2023, 03:31:28 AM

I think this year belongs to altcoins if the remaining altcoins pass the howey test and won't be seen as securities. I don't think Bitcoin reaches 50K because if we keep in mind its ATH, then it's pretty close to that numbers and simply there is not a need of high price and there won't be as high hype as there was during the previous halving but 40K in the next 6 months is very realistic, it may even go up to 47K and then fall down to 40K, that's my prediction. And I hope America won't come up with new rules and regulations anytime soon in near future.

Quote from: Synchronice on July 14, 2023, 08:18:14 AM

Quote from: Yaunfitda on July 14, 2023, 07:30:19 AM

Quote from: Poker Player on July 14, 2023, 03:52:32 AM

Quote from: Pejoh Asu on July 14, 2023, 03:31:28 AM

After the judge declared XRP not a security, is the altcoin market showing signs of bull and altcoin season coming? And bitcoin dominance has dropped dramatically, I hope we have an alternate season now.
I agree with you, $50k for bitcoin is too high, and $35k-$40k will be much more realistic this year. But why are you afraid of regulations from the US? Regulation is inevitable, and we should face it rather than fear it. What I fear is that regulations will limit market volatility, but I hope we will find a way to maintain market volatility.

Quote from: Pejoh Asu on July 14, 2023, 03:31:28 AM

Today the price of Bitcoin reached $31800 and it almost reached $32000 so I am also optimistic that there will be an increase in price like this, as well as other people who are still buying before the halving day occurs. But at the moment I don't think that the increase will be 200% over the current price because that is almost a $100K increase at the current price. And in my opinion it is too big even though I also have no doubts about the increase in Bitcoin in the halving day era.

Quote from: Davian144 on July 14, 2023, 02:16:20 PM

Quote from: Pejoh Asu on July 14, 2023, 03:31:28 AM

The completion of the XRP case seems to have given a bit of a boost to the bitcoin price and it's changed the stigma on cryptocurrencies in my opinion including bitcoin, and today's achievement I hope will last until the next good news momentum that can push up the bitcoin price again.
For example, like the application of bitcoin ETFs received by the SEC as one of the trading commodities on major exchanges, along with ranks of stocks, of course if this happens everyone will look at bitcoin, and maybe we can get 200% in this cycle.
However, if you take into account the halving, I think it is rather difficult, the potential is up to 200%, maybe 50%-100% can still be said to have potential until that increase.

Quote from: Davian144 on July 14, 2023, 02:16:20 PM

Quote from: Pejoh Asu on July 14, 2023, 03:31:28 AM

There was a very good momentum yesterday, but price pulled back from the resistance zone again. Some coins made a very good rise, but bitcoin failed to break the 32k level. It is hard to say what else has to happen in the market for bitcoin to finally break the resistance, but so far the price is slowly pulling back. Maybe something will happen this weekend.

Quote from: fzkto on July 14, 2023, 02:47:54 PM

It is not certain that Bitcoin will fail to reach $32k today as there are still a few hours left before the close.
At the time of writing, Bitcoin is trading at $31,303
Yesterday's rising Bitcoin price momentum had a positive impact on altcoins such as Ripple/XRP which increased to over 60%. For now, the percentage increase in Ripple's price is still 65% within 24h.

Something might happen if the Bitcoin price for the next few days remains at the current price level.

Quote from: aylabadia05 on July 14, 2023, 03:18:44 PM

Yesterday's rising Bitcoin price momentum had a positive impact on altcoins such as Ripple/XRP which increased to over 60%. For now, the percentage increase in Ripple's price is still 65% within 24h.

Yesterday's rise in bitcoin price was influenced by XRP's success against the SEC, not the other way around. This momentum was used by investors which in the end made almost all crypto go up high including bitcoin. This is definitely a great advantage for XRP, and of course the impact on the market has been very positive.

I also expect bitcoin price to break the $32k resistance which has been struggling to break so far, but I'm not sure it will be broken today. I believe $32k won't be too hard in the end for bitcoin which is getting more and more in demand, but it's only a matter of time.

Quote from: aylabadia05 on July 14, 2023, 03:18:44 PM

Quote from: fzkto on July 14, 2023, 02:47:54 PM

Yes, it is not certain, and it is also not certain that Bitcoin will reach the $32K price range due to some rumors about the possibility of the US government selling 10K BTC which is part of the BTC they collected from the silk road. Another is the Mt Gox disbursement date.
The XRP surge in price was due to the US judge in charge of the US SEC ripple lawsuit yesterday about XRP.

Quote from: ShowOff on July 14, 2023, 03:41:24 PM

Quote from: aylabadia05 on July 14, 2023, 03:18:44 PM

Yesterday's rising Bitcoin price momentum had a positive impact on altcoins such as Ripple/XRP which increased to over 60%. For now, the percentage increase in Ripple's price is still 65% within 24h.

My numbers though might be close to $32k at the end of the month and not going to break it. We need a positive news for bitcoin itself just to break that $32k barrier. But the good thing is that $31k is now our support.

Yes, thanks to Ripple news, the price of almost all crypto has increased overnight. And obviously the big winner is those XRP holders. But as I have said, we need to keep this positive momentum going specially as we are not very bullish months before the halving.

Quote from: Jating on July 14, 2023, 05:11:17 PM

Bitcoin looks excited with price today because almost reached to $32k although can't stable yet and current bitcoin price right now drop to $30,900. Its seems still difficult for Bitcoin reached to $32,000 in second week on July and don't know how potential for Bitcoin will close to $40k in this month. But have good news for cryptocurrency holder exactly for XRP investors, winning against SEC bring positive side XRP success reached up more than 70% today.
I think have good side after XRP winning against SEC and make Bitcoin back to higher price again, right now is good momentum how to make Bitcoin back to higher price and not worry with bad news publishing by SEC in the next time.

Quote from: $crypto$ on July 13, 2023, 10:13:12 AM

Quote from: usekevin on July 12, 2023, 07:54:40 PM

I do not think that bitcoin price would stay same for a whole year. It can go up or down, but not going to stay the same price. Tell me, when was the last time you have seen bitcoin stuck between 1k price for over 5 months? We are talking about 30k to 31k range, that's 1k range, and you are considering it would stay there for 5 months straight? That doesn't happen at all.

I would understand if you said it would go down, and I would understand if you said it would go up, but that doesn't mean that it will stay same. I think it will go up, halving is getting closer so the price would probably change and we will see a higher price. People will buy more and more the closer we get to halving and that should be what we expect as well.

Quote from: Lida93 on June 22, 2023, 12:06:33 PM

This is a good indication since Bitcoin break the 30k$ market resistance because of the XRP sec issue being resolved, this is a great boost to the market price for sure, I mean the market is still gaining a lot of momentum, and if this continues the market price could easily skyrocket for sure because of the Bitcoin halving even, looking at the Bitcoin halving timeline we could expect for a bull run right after the Bitcoin halving event. There is still a long way for the Bitcoin halving event but where already getting a lot of pumps, honestly the price projection on the bull run can be up to a million dollars since we already see Bitcoin from 2$ to 1000$ I don't really see any problem unless there are some factors that is going to affect the world. Something like a pandemic or war could easily affect the market, but if it that doesnt happened market could easily continue its cycle from the bear market to the bull market around 2024-2025.

I can already see around 40-60k$ at the end of the year and that's already near the all-time high and it's not even Bitcoin halving. So probably all-time high could easily double next bull run.

Bitcoin Forum

Economy => Speculation => Topic started by: Lida93 on June 22, 2023, 12:06:33 PM