Bitcoin Forum

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Bitcoin increased above $30000 to over $31500 and it has been within this price for many weeks or months now. Bitcoin decreased below $30000 several times but it increased back with some minutes in each time it decreased below $30000. But since yesterday I have been noticing that the bears are getting stronger than the bulls and the price of bitcoin later decreased below $30000 which now wants to become the resistant price.

This looks more like bitcoin may decrease more? That is what it seems to me if bitcoin can go below $29200.

What do you about this?

I agree with that but I think the drop will be the same as it has been so far this year, it won't last long and it will eventually go back up to 30k in price.
So far this year we have been at a price close to 30k for too long, I think this will be a positive point for Bitcoin price movement if it increases.

I think there's a broader context here. On July 14, the market was hit with positive news about ripple and the fact that sec was unable to prove something that looks like security is a security (XRP can meet all points of the HOWEY test - should be easy to prove it if you have the judge on your side and present some facts properly - ICO to gain funds to conduct business, the investor buys to earn profits from the functioning of the business. And if SEC failed in the case of ripple, which seemed easy, what about other cryptos, including the sued BUSD which is a f*king product that people use to invest in other stuff ... not a securitu that people buy to earn! So the traders went shopping. Or rather, retail investors rushed to buy, because the big fish probably knew about the decision much earlier. And since they knew before, now they are taking profits by pulling retail investors under the stoploss, which everyone probably has in the area of 29.5-29k from where there will probably be a false breakout and we will return to old trend which is up. All that to deceive the largest number of investors as Jesse Livermore once said - "The stock market is never obvious. It is designed to fool most of the people, most of the time"

Another way to look at this is that all the attempts to push the price below $30k has failed which means the chances of going lower is diminishing every day. And in my opinion that's the best speculation we can have since the market is uncertain. Only that the chances of a drop is decreasing every day.

Maybe the chances of going down will decrease every day, because the support in the $30k price area has tried to be broken three times but still not successful.
But if this time the support in the $30k area is still strong, then the possibility of going up will be even greater.

This will be the determination of whether Bitcoin will continue its rise, or will correct and head for the Flip Trend area at $28k.

Time Frame 1D
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In my market analysis, we are neither in a bull market or a bear market but we are at a resistant level and at that we have to wait for whatever direction the market will go from this point the 30k resistance has lasted long enough but then no one can tell when the next market benchmark will be made since Bitcoin price is unpredictable so for that we must we will be seeing more price flotation and the price will hover around the 30k-28k and possibly touched 32k on some occasions.

Yes, but it seems that we are below $30k as of this time, so maybe those how are pushing for it has been successful. Nevertheless, we will see if this is going to hold on not.

I mean $30k has been the support for quite sometime now, so now the ball is on the side of the bulls to keep it, otherwise, the bears are going to succeed and so $28k and then $25k is the next obvious support line. Not sure though why it went below, maybe there is negative news in the market again.

Also if you see the charts, the level from 30-33K is a key level that acted as strong support in the bull market as the price of bitcoin dumped from above 60K to 30K before going again to above 60K to make all time high. Now this level is acting as a strong resistance in the bear
market.

I think when the price of Bitcoin will surpass 33K, then we will officially be in a bull season, but it may take some time as we may get rejected from this level a few times before we actually surpass this price level.

What so far that I understand in this year, since January we have been in bull season, followed by mild bear market, but still bitcoin has been above $30000 for a long time this year. We may have bull season but I am just speculating what could happen in short term. What I noticed recently is that the bears may win before they will become the bulls which might lead to another bull market. But as for now, bear market seems what to be coming. Let us see as what the market will turn out to be, I may not be right. It is just a speculation.

Lots had been anticipating for the price to go down on 28k price before the market would really be taking up some launch or can be considered the last dip before we would really be taking or hitting 35k

which is something that for sure bearboys are really that looking into and this is what im really that assumpt that it would really be able to go down that low which i would really be accumulating
with those cheaper coins if ever it would happen but no one really knows on the current price might be the bottom and its true that we are playing or going in between 30k-31400+ price if we do speak about resistances on which how many times we do able to fail out on breaking that point but at least we are really that seeing that the market is really trying to break out that resistance.

We've been on how many situations along on the past years seeing on having multiple rejections when it comes to price roof or ceiling but its not really that something new anymore.
We've been there but time would come that we would successfully be breaking out those ceilings.

We've been drifting along for so long we are at the monthly average price now.   I have to take this amount of action above 30k with positive trend in the 50 day average and other measures of momentum as a positive for future action.  It doesnt mean we cannot go down near term but overall the situation appears to support tests of higher prices more then any requirement to retrack prior pricing lower in the 20k's for example.
  200 day average is at about 26k but staying above the June low I think would qualify us as positive bigger picture even in a pullback beyond this current hold.

Basically since June 22 we are stuck in this tight range. Being Summer means less liquidity. Which means the chances are higher of a failed breakout. Which we experienced many times. The best traders basically traded the daily wicks and will do so until we get a clear break.

With respect to Bitcoin, usually when it consolidates and trades in a tight range like this on resistance, it will most likely break and head higher. However nobody knows when that will happen. We might get the wick taken out at the lows around $29400 before we head higher. I would wait for confirmation first before going long.

It's only temporary. I think it will continue until Saturdays. Some Altcoins are pumping while Btc is raging. If someone plays short-term it is highly recommended to use SL (Stop Loss) to minimize risk, because there are no perfect indicators/scripts. But, if long term. it's still safe. because if you enter this month the difference between the purchase price and the decrease is not too big a percentage and don't forget to always pay attention to the Time Frame - 4 Hour movement and prepare funds to buy Bitcoin in the range of $ 28,500 - $ 29,000.

The recent price movement of Bitcoin, with fluctuations around the $30,000 level, has indeed been notable. It's not uncommon for Bitcoin to encounter support and resistance levels as buyers (bulls) and sellers (bears) influence the market dynamics.

While past trends can provide some insight into potential future movements, it's essential to remember that the cryptocurrency market can be highly unpredictable and influenced by a myriad of factors. Predicting short-term price movements with certainty can be challenging.

If Bitcoin's price remains below $30,000 and approaches the $29,200 level, it could be seen as a critical juncture for the market. Breaking below that level might signal further bearish sentiment, potentially leading to a deeper correction. However, it's crucial to be cautious about drawing definitive conclusions solely based on short-term price movements.

Investors should consider a broader perspective, conduct in-depth research, and assess various indicators and market sentiments before making any decisions. The cryptocurrency market is known for its volatility, and it's essential to approach it with a long-term mindset and risk management strategies in place.

As always, seeking advice from financial experts and staying updated with reliable sources can aid in making more informed decisions. Remember that any investment carries inherent risks, and diversification can be an effective strategy to manage potential fluctuations in the market.

Ultimately, it's best to focus on the fundamentals of the cryptocurrency you are investing in and consider your investment goals and risk tolerance when navigating the ever-changing landscape of the crypto market.

Yes you are right it does seem this way now for $30k is the lowest price we will see Bitcoin. But sometimes I check the price and it will be $29,700 for small time but does then goes back up to $30k.
But we know this can just change at any time for any reason. I do not think we are going to see a 'bull run' that soon. But I do think we can stay at price point of $30k and 30-30k is going to be a big test for future resistance.

I don't see the market going down any further below the $29,000 resistant it has maintained over some period of time within a couple of days now, the market has been struggling to break the resistance against $31,000 and above but i think there's more to expect for this to happen, the first indication here is the signals received from the weekly candles and the chart speculations on the market price whereby there's more tenderness to surge more highs than low while the second is the fact that the bear season is already gone and we are launching gradually to the bull market which the more the closer to halging the higher we experience the pump in price between now to the end of the year, the higher the volatility the higher the pump this period till we are approaching there bit by bit.

Since from June until middle of July, Bitcoin price resistance on area $30,000 although few percent up until close to $32,000 and dropped back again to $30,000. Don't know what happen with Bitcoin current last two months keep stable and not interested for short term trader because difficult earn profit in daily day. Its not short term trader only but also long term trading looks can't earn much profit due Bitcoin price resistance and change few percent only.

Left two weeks later in this months and what your predicting with Bitcoin will resistance on area $30,000 or has chance for Bitcoin will raise until $40,000 before end this month. Huge expect Bitcoin available reach up until $40,000 for bringing impact to altcoin keep in downtrend until right now and Bitcoin difficult up drastically.

The $30k resistance price of bitcoin has lasted more than a month now and it has made many people learn not to rush into investing in bitcoin due to its a little increase and fallen back in price to $30k.

If bitcoin can return to $30k within some hours when it decreases to $29,200, I don't think it can still fall below the amount again. It's still going to be $29k and $30k until the moment it breaks $31k, which will be its time for an increase in price to the end of the year, which can be above $35k-$40

Not really since we easily reach over 31k$ last time because of XRP news in the market, I think for now its the resistance, and it's kinda difficult for Bitcoin to surpass that market price but for sure it can easily surpass that price in the coming months, A lot of bitcoin is slowly accumulating Bitcoin and I think if the market stand by at this market price I think its going to skyrocket to 40k$ easily this year. Bitcoin might probably drop below 30k$ because there are some short-term investors that are going to sell their Bitcoin for sure, and they might want some quick profit, and it's a small percentage drop so some might get afraid of HODL.

The market is looking great in my opinion and the price today doesn't really matter a lot since I'm not planning to sell my Bitcoin yet, I'm aiming for the bull run and well on the right track from 15k$ to 30k$ this day and we still have the Bitcoin halving event I think it could easily skyrocket the market price triggering the Bullrun for sure.

It drop a bit below $30k, but after that, it seems the price is going to trade sideways again for this month. Unless there will be a break out run again to $31k++. But so far we haven't had any positive news yet. So it's better to think that the price will go on this pattern and not expecting big.

On the other hand, we want to see the price just above $30k and no more declining to $29k'ish or below. The market though seems to be bullish, and perhaps that waiting for a news just like the spot ETF filling or maybe its approval will be the catalyst for a great run at the end of the year.

This has been my fear, seeing 30k being a resistance instead of support. While the bitcoin price was sliding downwards from the range of 31k, I knew it will settle somewhere in 30k as usual. But it made further move to penetrate below 30k. When I noticed that moved, I checked the chart and saw that it will not last for long. I only gave it 48hrs to know our true direction.

As I type, the price is back above 30k at somewhere in $30,202. If the price stays above 30k for few more days we will be certain that our 30k support is regained.

I see some saying that stability in the $30,000 range means that the price will not go down, but going down is Bitcoin's way to go up. We are testing the $32,000 level for several days, and when the price does not succeed in breaking that level, then the resistance level at $28,000 will be tested. Thus, we get stability at 30k when consolidation occurs and the price cannot go up or down.

Re-testing the $28,000 to $26,000 levels means that next time we will most likely break the $32,000 level, as it will not hold as it happened the last time.

And do not forget that it is summer and holidays, there is no significant change in the price.

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still holding at 30k ,  and for how many times this week that bitcoin crossed 29-30k so indeed that resistance goes to 30 thousand dollars but if this going to continue then maybe we will be seeing 28k sooner.
but lets not make it a reason to not invest because best to take this advantage and yes buy more if that happened.

The markets are preparing for the next Fed meeting, which will be next week, so there is no enthusiasm for trading, as it is likely that the Fed will raise interest rates by 25 basis points, and if this happens, it will be additional pressure on the price, which means that the upward trend will stop during this month at least. If the Federal Reserve decides to fix the interest rate, it is a positive indicator and may mean that we may easily touch $38,000.


If the predictions of financial professionals are right, we will be leaving $30k.

This could be the next indication to look for, probably they are right since they are basing that predictions with the numbers and facts.
The volume is pretty low to break the resistance, it's been a challenge for BTC to break it. August might be a month to break it, we still have more time to prepare.
If there's still a huge volume on resistance level and another bad news regarding the market then it will be hard for us to break it and that predictions will be invalidated.

It can be said that since March or around 4 then the price of Bitcoin looks stronger and it is not easy to drop, when there is a decline, the market will respond positively again so that the price can return to $ 30k, maybe this is a positive sign that the end of this year there will be a bull run.

Having seen Bitcoin drop at $29k makes me think that the bearish trend is still ongoing and there is a possibility that the price will continue to fall this July. If the market had strengthened, it should have held on to $31k and not dropped to $29k but it did.

And that made me decide to place a buy order at around $28k-$29k because Bitcoin price could go back too low again. And at this time, the price of Bitcoin touched $ 29.7xx- $ 29.8xx, with a tendency for the price to fall deeper. But let's hope that doesn't happen because if the price goes down again, it could make some people panic.

So I guess we can only be prepared with all the possibilities. We get another discount for buying Bitcoins and that's good for us so we can accumulate more Bitcoins.

Yes people need to see the positive side of this. Bitcoins are not increasing more than 30k usd, but it also not going down right. Moreover if you think this as an opportunity then you are able to buy this high valued asset in 1/3rd of the price. So rather stop worrying and complaining and buy as many coins as you can in this low price. Bitcoins price will only go up when the demand to acquire it increases. So yes we have to show some patience and watch the price.

People need to see the positive side because if the price fall back to $25000 or $20000, the price will still increase and go back to $30000 and increase above it. Before next 2 to 3 years, I am expecting the price of bitcoin to increased above $100000 which is the positive thing we need to be looking at.

But this speculation is just for a short period of time. $30000 was the support price before but recently it become the resistant price which is what I am talking about. Let see what would happen. In short term speculation, someone can be very wrong, but I see bitcoin moving above $30000 to be something hard to achieve for now and likely the price would first decrease before moving up again.

Current Bitcoin price have dropped after resistance stable on $30,000 and right now Bitcoin lower price under $29,500, will this moment bitcoin decrease before moving up to higher price or possibility for bitcoin back under $29,000? Have been two months not interested with cryptocurrency trading due Bitcoin have stable price and difficult to earn much profit due Bitcoin dominance in market and altcoin difficult get higher volume transaction.
I have open buy order for bitcoin around $29,000 and seems has chance for bitcoin decrease down before moving up to higher price, but I am not trying to open instant order for buying Bitcoin and waiting for bitcoin drop and possibility in this month my order will be fill.

I think bitcoin prices tend to fall ahead of the halving, but something different could be possible if the market gets a lot of positive support from big investors. We would expect the market to continue to fight back to eliminate any more potential downside below $29k, but that is highly unlikely as there is a lot of panic every time bitcoin corrects.

If anything a correction is always possible, but I don't expect the price to drop any lower than $29k. It's very close indeed, but $29k is solid support so far. I agree that the bitcoin price is currently in a sideway, but an up trend can be expected towards the end of the year due to growing seasonality of investor interest.

All theories must be tested to be proven, seems natural we can fall back but how far is fair before a fail.  I have marked off 29700 as being a recent regular low, seems like that would be the point to maintain if this is to be just a light tough price recede.    Besides thats just flat 29k has been more obvious but not a price really visited so far recently hence the idea price action is actually strong though all its done is mostly sideways  (on June 21st we hesisitated at 29k for a few 4hr bars before moving up.).

Their is something I want to know of bitcoin price since it is being at one price since because the price of bitcoin have not reached 40000 in price since the increment started why is that it still clamp the rang of 30000 and 31000 instead of clamping up to add values to the already one, so that is what the market needs but it have being constant in 30000, does it mean that bitcoin is bull run or the price of bitcoin is in bear market. I want to get a good answer from experience ones that know about bitcoin

my opinion is very simple, maybe I would even say that it is very practical, the price was falling to 25,000$ and it stayed in that zone for some time and suddenly there was good news which made people rush and buy more bitcoins, with that the price went up a lot until it was above 30,000$, but the problem came later, in which people's expectations did not materialize and since there is no more good news ahead and the the only big advantage for bitcoin is the halving that won't happen for many months, so this has become a race of patience in which the more days go by without good news, the more people will get impatient and sell

and as a result the price has been falling to 29500$ more and more, since it keeps touching 29500$ a lot at some point it will give up and with that it will fall again to 25000$ and will stay in that zone for many months, I see the price being below 32000$ until when we are close to the halving or if there is some good news that is big and that would make the price stay above 32000 $, for now I'm not surprised by this price movement, it's expected for me, the only thing I'm wondering is when will it drop to 25000$ and I'll see if I buy it when it's ready to go up a lot

We can't be sure of the bear/bull market. $30k is the resistance region, because the price have been moving around it for a long time. The price is expected to grow and reach the next barriers, but the required push isn't achieved. For now the price of bitcoin have dropped a little and this looks like the corrective movement is happening. Maybe once after this we can expect the price to make a big bounce.

It's just sideways. What I believe is that the moment the $31,500 resistance is broken, we will go to $40,000 in the blink of an eye. All the conditions are in place for that. We are 9 months away from the halving, where the price tends to rise, it is clear that we have been out of the bottom of the bear market for a long time and we just need a push to create a little FOMO.

Well, Bitcoin at the time I'm posting this is below $30,000 already base on Coingecko.
Though it touched below $30,000 a few times already over the past few weeks, I still believe that there are still buyers at the $30,000 price range thus, putting the price in between the 2 prices.

Bitcoin might decrease more? I guess it will as the weeks pass by. I mean there's no catalyst that will make the price of Bitcoin increase, and probably there will be some buyers at the bottom or near to it that might sell at that price as well. The recent bump was because of Blackrock, and as to when we will expect a decision coming from SEC will take a long time. The SEC can extend 3 times before they will come up with a decision, and they can just come up with a decision as late as next year - a few months before the halving.

As for me, I expect a gradual decrease of Bitcoin in the short term, but in the long term, I still expect for Bitcoin's price to go up like everyone else here. :)

It is possible the price is going to remain at those levels for a very long time, after all it is difficult for the price to go any lower as if it did then investors will take advantage of it immediately and the price will go return to the current levels, but surpassing 30k in a definite way is also proving to be a challenge, and this is because we are getting close to half the ATH we reached on 2021, and when the halving is still months away such a high price seems unjustified.

We are definitely getting close there which is why it is going to take some time but also when it breaks over it, when that time comes, you will see that it will happen very quickly as well. We do not know when it will happen, maybe it will take months but the problem is that something that has been low for many years, will go up in a week above what we could even imagine.

That is literally how it went from under 20k to 25k levels for examples, it was around 16k and reached 25k in about 10 days, it didn't take that long, maybe even less, and then the same thing when it reached 30k as well. So be ready for it to change a lot, because in the end it doesn't stay at the same level and the changes are quite frequent when they happen.

Bitcoin has crossed the $31000 level several times in the last few weeks and has not been able to stay there. And right now Bitcoin is trading below the $30000 level as I write this post, but it seems to me that there are still a lot of buyers who are buying so that every time the bears want to take full control, they don't break. The market is now in a state that is confusing even expert traders due to excessive volatility.

If Bitcoin trades below $29200 then we might see a red market for a few more days. Bitcoin's movements over the past few weeks have been very disappointing for high leverage traders. Because wherever they were opening trades long/short, the market was moving them in the opposite direction. So now it will be risky to trade bitcoin on the market (leverage trading). So it would be wise to wait patiently and try to predict the next move of the Bitcoin market.

if that will be the dropping point then indeed that even 35k will be broken any time from that period .
we have been waiting for 32k and above because for how many times this year that the price attempted to take that boarder but suddenly we are failure.
holidays and summer truly affecting the growth as more of us taking their funds out or at least to make less investing as there are more priorities and expenses but once its over then better days will come and yes this is the preparation for the coming Halving and Bull running.

Yes this was very similar to what happened in 2018. We chopped for months and went no where. Even after summer ended we still didn’t get a strong trend until November time. Catalyst for that dump was the entire Bitcoin sv and Bitcoin cash debates.

So most likely this time around we need something similar. We either will get some massive fud or something positive like an etf approval which will get us out of this tight trading range.

Im just really waiting for some news or whatsoever because the market is really that too silent or having no noise recently on which im not saying that it would be relevant on relying with these factors but we do know

that news and fundamentals could really make out such impact, not all the time but at least it does really have that relevance on which it is something that we could look at and basing up our position decisions.
Now that we are hovering and playing around on 30k price point then we could really assume out that this current price would really be the toughest resistance that we do need to break before we could proceed out
on higher price but of course since we are still approaching on next halving then i would assume out that this is really the main event that the market would be waiting
before we could make out some significant movement towards the price but well its always recommended on expecting something which is something that it is unexpected.

Everything is upon the cyclic pattern, and bitcoin price movement have got similarities to the past. What we experience looks like the impact of halving. During the days before halving the price movement used to stagnate and move high during the days around the halving.

These days reaction to FUD isn't happening around as people are much aware of the market and the reality behind the growth. As said something positive happening around will give a upliftment in the price of bitcoin.

It is true there are some cyclic patterns on the way the price of bitcoin moves, but at the same time we need to notice the differences, the bull markets are getting less intense than in the past by virtue of the increased market cap of bitcoin, and as such it takes way more money to be invested on this market before bitcoin moves in a significant way, that being said I still expect the next bull market to give very good profits for those that decide to invest right now.

Most likely I will lean towards a positive news, not necessarily ETF approval or something, but a good news that will sway the market again to above $30k or higher before the end of the year. So far we are in a decline, the support of $30k has been broken, nevertheless, it seems that the bull are trying to get it back, as currently the price is $29,190.

So we will see, we have a lot of months ahead in front of us. And I still very positive that something big will come up in the last quarter that will push the price prior to the most anticipated event of block halving early 2024.

Personally , I think we won't hold the 29k mark by the end of the summer and a flash drop towards 27k might happened. The summer cycle have always been tricky with BTC price and I never remember a summer with Bitcoin going up during a bear market but those who will hold , they'll do the best choice as it's too risky to actually predict how low can BTC go from here as 30k seems a bit hard to achieve right now.

Their no amount of pumping experience of altcoin that will determine or triggered me to invest in altcoin for long term, their something I want to understand very well concerning altcoin investment, if you want to invest with altcoin i think the best to do is ensure that you have venture into short term investment.  Bitcoin is something I know quite well because the investment is profitable at any point in time, so whenever you invest in Bitcoin you will sure make a profit depending on how long is you invest or you place your investment, so i believe any invest the profit is been determined by the increase of the coin you invest in at particular point. That is while many people such much love in investing in Bitcoin knowing that the investment might result positive because Bitcoin rise and fall and when you exercise patient and wait till bullish time you will definitely make a profit for your investment.

Many people are expecting bitcoin to cross $31k and hit $33k or $35k, and I've prepared more USDT. I like to go against the crowd and I think like you, bitcoin will probably correct towards the 26k-27k level instead of continuing to rise as many are expecting. Bitcoin has barely had any significant movement over the past week, and I expect it to correct with the next Fed rate hike soon.

That's to indicate that Bitcoin price is rational and it's unpredictable, bitcoin might seriously experiencing degradation in value as a means of corrections because what i noticed in Bitcoin is that it only appreciate in value whenever the gravity of the demand is higher than the supply and it's obvious that in this year 2023 many people invested in Bitcoin because of some country inflation and it might be one of the reasons while Bitcoin experience a little acceleration. So therefore, theirs every tendency bitcoin may reach thirty five thousand (35k) this year depending on the investor's that will invest in Bitcoin that will make the price to skyrocket, throughout this year it has been between thirty thousand to thirty one thousand (30-31) in value.

The latest rise can be called fake because it was the expectation that sec would approve etf for many large funds. People think that if these funds have huge money, it will all come to the market. But this news has already played out and the new money is still not coming into the cryptocurrency market. Now the correction has started. I hope that it will not turn into a new fall if there is negative news.

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I have a contrary view here with reference to weekly timeframe of BTCUSD the price of Bitcoin broke a very strong resistance level @$28125 to $29000 via a displacement candlestick on June 18 and the price is presently retouching and respecting that level that is resistance had turned support after a massive price correction from $30336 to $28841 invariably I am expecting a bullish sentiment of the market and a possible breakout of $31K or atleast stuck at the resistance of that zone subject to no any negative fundamental news that might defy that analysis.

That is very possible after the big pump a few weeks ago until now the price of bitcoin has not had a deep correction and I think that a correction to 25k or 26k is very possible but I don't think it will happen for a long time and we will staying longer at a price close to 3ok, it's been happening since the beginning of the year and I think it will continue to happen.

New update

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The price is still above my Fibonacci Retracement and I dont know yesterday price want to break the 30K level again and it seems fail but at this point it better to watch and see

^^ Thanks for the update.

And yes, it seems that we wanted to break and go to $30k again, seen as high at $29,500,  but not enough push I guess. And most likely this is due to the bitcoin future contracts that is about to end or has ended that pulled the price below $30k.

So let's see how it goes, just few days to end this month and we can hope that we will be back at $30k again this August. We need that positivity and momentum as we are targeting like $40k-$50k at the end of the year.

Yes, the price is playing around 29-30k on which it is really that hard to tell on what would be the next movement and also its really that the market now is really that not noisy or there were no news or fundamentals around on which this what make things that we could assume out that there would be no movements on next days to come but who really knows considering that its never been predictable on the first place.
Basing up on technical then it is really that playing around on those levels and touching up those values basing up on fibonnaci and it do really turns out that it is really that following with those paths.
Now that we are approaching in the month of August which it had been known to be the ghost month then speaking up with fundamentals then assuming that this would really be an another bloody month
for the entire crypto space on which it isnt something new.

I am optimistic that the bitcoin price will close above $30k by the end of this July. Very close of course given the current $29,100 - $29,500 price range, but the market needs a stronger push. $30k doesn't have to be an impenetrable resistance although the corrections that have taken place in the last few days have left some people a bit unsettled. I am highly optimistic about a July close above $30k, it will definitely be better to expect bigger moves in August.

Of course there is no certainty due to the high volatility of the trades. Panic traders have made it easier for the market to burn out instead of holding above $30k, but it's good for testing a new support level.

When talking about bitcoin's potential in the long term, then I also think the potential will be so great to be more expensive. Just like most users say; halving will push bitcoin price more expensive even can be expected to hit new ATH. Price swings that occur on daily or weekly time frames don't really bother me as a holder, but that's because I expect to be able to accumulate at lower prices.

Indeed, it is somewhat unethical to expect bitcoin price to drop to test its new low below $15k after last year, that is was too low to be expected to become a reality. I no longer expect a big FUD to beat back holder optimism, but anything is always possible.

Right, there is short term and long term prediction. Right now, or at least at the end of this month, I'm not seeing it going above or touching $30k. Maybe the OP is right that $30k is the resistant price. Although we have conquered $31k, it didn't maintain that price.

But for long term, yeah, next year will be having our halving and following that, I'm seeing the price hitting ATH. It's that right now, the bear is still in control of the market, and have successfully pull the price below the support line of $30k. Bulls are trying to get it back and will defend it. But for now we need to understand that this is how the market is, and we need good news to push it above again. In any case though that it falter back to $26-$27k which is the price last April to start of July, then it's another golden opportunity to accumulate.

I think we’re just seeing stability as buy orders act like a slowly rising tide. Since the economy is starting to squeeze people, banks are acting like crocodiles and waiting for those sell orders to creep close. The interesting thing to me was the drop in price below $30K, which to me seemed to indicate that someone knew the fed was going to be tightening again.

For sure there could be whales lurking around and speculating that the FEDS are going on tightening again and so they sell to panic the market and then just go and buy again. That's the thing with whales, although their influence has somewhat diminished, but a simply buy or sell orders that average joe see in their wall? it might cause them to sell as well. And most likely that is the case that's why the price goes below $30k again. And with the Bitcoin ETF noise simmering down, maybe we can expect the price to go back to $27k-$28 range again.

Becuse traders sell or go short, that does not mean that they are panic. It depends on their analyses and prediction. Like me, I have seen that it possible for bitcoin to get to $29000 when I started this thread, analysis has indicated this when bitcoin was not able to increase above $30400.

If bitcoin price stays too much within $29000 and $30000, and if it decrease slightly below $29000, it is possible for us to see $25000 again, although seeing $27000 to be another resistance. This is just a prediction, the market might be otherwise.

When the price of bitcoin went above $30,000, I had thought that it will move upwards from that very price and likewise many other people. Even though the chart showed that it had a great probability of moving downward, we had believed that the wave and rumor of next year halving will influence the price  upwards.

The summer effect is pushing and many people bearly have time. The expenses have increased and maybe people have started withdrawing some bitcoin for expenses which is the reason for the price below $30,000

Yes, it's summer, which has typically been a bad time for cryptocurrencies. But you can pay attention to the stock market, where growth has been going on for a while now. Perhaps along with that, the cryptocurrency market is on the rise. 30k is not very far from the current price. It seems to me that unless some negative events happen, bitcoin will be able to break resistance this summer.

At the moment the price increase is also starting to show again on Bitcoin even though it hasn't touched $30K yet and in the past few days I have seen some positive news for Bitcoin so the opportunity to break resistance this summer is very wide open for Bitcoin. Now I will more consider buying what I can before Bitcoin breaks $30K again in the near future as that will probably happen with time for Bitcoin as well as for other cryptocurrencies in the market as I don't consider this to be a bad time for Bitcoin.

They react to lack of demand, probing the levels. They do it like this:
A trader sees the price being stable, so he comes in with a large amount of fiat and buys a decent amount of bitcoin, like 20 at one go and watches if others follow his move, if some short positions get liquidated and so on. If nothing happens he sells everything poking the market in the other way and checks which move caused a bigger change in price. That shows him how liquid the market is and what's its depth in each direction and that draws a famous bart simpson pattern on the chart. You shouldn't care about this unless you're also a trader, but a smaller one, unable to form a pattern on your own.

I'm not really surprised seeing that, if the price really was to go above, it would break the resistance at $31k and go beyond it, but even after trying really hard, Bitcoin couldn't go past $31.5k which proves that it isn't yet strong enough to go up much, and I always knew that once it gets below $30k, it will again have a hard time crossing it and that is exactly what's happening, now, I expect the price to go even more down if $30k becomes the next resistance.

This is exactly why I don't think that the price of Bitcoin will go above $40k this year because there won't be a lot of buying pressure from retail and industrial investors since everyone will expect the price to experience another dip from this point, so everyone will try to save up as much as they can.

Even without putting into consideration some kind of analysis. I have always believed that bitcoin price may not exceed 45000 dollars for this year. This is because the price of Bitcoin has already done so much well from moving from the area of 15,000 dollars to the present area of 30,000 dollars. So if a major movement is recorded again that means the bull run expectation must have been exhausted by this time, but if bitcoin still remains below $45000 before the bull run, it's a very nice one which means the build-up has already been done and bull run effect will immediately give us a new all-time high.

It is obvious that there is a very great resistence at that $31,000. The Bitcoin tried its best to exceed that range but it was pulled down and that very downward trend has weakened the support of 30,000 dollars.

I know that going towards 29k made a lot of people worried, but if I were capable of holding and even buying when it was 16k, then I am pretty sure that a mere drop to 29k means nothing to me. Remember, bitcoin going up %10 in a week is nothing, it has happened so many times, so if we do that, we are already above 31k price right away, and that's not really out of question right now. Sure we are not above 30k like we would like to, but that doesn't mean that we are way way down, we are still pretty close. Just have happy thoughts, its something we should be happy about and there shouldn't be really anything that would be that much of a serious thing, its definitely understandable level.

When Bitcoin moves down, there are people who start thinking that it will go down further and start more panic selling. An acquaintance of mine said bitcoin was coming under $10k when bitcoin was in the $16k range, and he didn't buy at $16k, so after meeting him a few days ago, he regretted his wrong decision.

When Bitcoin creates a calm environment in the market and discourages traders, it should be understood that Bitcoin is preparing for a big storm. Bitcoin has not been able to break the important $31000 resistance this time, hopefully in the next legup Bitcoin will gather strength to easily break this resistance.

I do not think that we are going to see such a low price. The worst case would be 27k+ levels, where it is like 27500 or something and that would be the lowest we are going to see, I do not think that we are going to see anything lower than that. This is my idea of course and maybe I am wrong and we will see it drop.

However, we are getting closer and closer by the day to halving which makes people want to buy more hence why it is harder for it to stay lower. This means that even if you are right and it goes down, I do not think that it is going to stay down for a long time. The best case is that it is going to go lower and then jump right back up when people start to buy more of it. That seems like a good choice for it at this moment.

Bitcoin is showing signs of correction, but I don't think there will be a big correction, yes I also think bitcoin will not be able to drop below $27k and will bounce back soon.

However, I disagree that the reason bitcoin can't plummet below $26k is because the halving is approaching, and people are accumulating. Many people say the same as you, but if that's not true, why didn't bitcoin go higher instead of correcting? What is happening shows that the market is under more selling pressure than buying, so this volatility in bitcoin has nothing to do with the upcoming halving.

There is no time left for a big correction to happen at least during this summer cycle so for now , I think the thread title is right as BTC is making a big resistance wall around 30$ area and I don't see any chances to break it anytime soon.

You're right , Bitcoin might do a jump between prices around 27-29k area and it's normal but it might also be an accumulation phase right ? we saw this in the past and I'm sure it might be one right now as well.

Well , Bitcoin could go under 26k but if that happens , it should be in August right ? because as soon as Autumn hits , we might see Bitcoin trying to stabilize around 30k area for a while as halv is still far to have any direct influence on Bitcoin price. Also , there is always a possibility for Bitcoin to go even under 25k this year but I have doubts on this.  ;D

Bitcoin in most cases won't go under 26k, a lot of people are afraid of that level but I am not because that is way too low for the current price and it looks like we are not going to end up with that at all. I understand that the technical analysis shows that if we go any lower then reaching 26k is not really that much of a shocker, but if we keep getting bad results all the time then we are going to end up with a bad result eventually.

This is why we need to be making sure that price doesn't really end up changing all that much. Hopefully it gets to a point where things are not that simple, and in order for that to happen we need to make sure that we possibly could result with a lot higher price instead if people start buying.

Today the market is red again so it touches $ 28k dropping more than 2% in a week, for those of us who want to get big profits then now is the right time to buy more so we can get big profits when the market rises again.

In my opinion, $ 30k is like a strong fortress and is difficult to break down, the price has touched $ 30k several times and then fell again, even more than 5 months the price has not been able to pass $ 30k, this is speculation that if the price of $ 30k can be passed then it will be easy to jump higher.

The price of bitcoin has dropped below $29,200 over the last few days, which is lower than you could have anticipated a month ago. For bitcoin to climb back to $30k price it was in recent months feels not happening soon but instead to fall harder in price. Nobody is certain if the price will decrease further to $25k or rise back to $30k. The fact that bitcoin might perhaps reach or be above $30k before the year is through makes me happy despite all these price drops. Purchasing bitcoin at $28,000 is not a bad idea though. 

There's a big or huge correction or not, there's no way that we could tell on what would gonna happen and this is the toughest thing on being a trader or investor on which we cant really be able to point out on where the prices would be heading on. Now on the time that we are discussing or talking about the price, its been long time already that it is really just staying on 29k which it turns out be like a stable coin for me. LOL!  ;D Now on the time that the price is really behaving this way then it is really that hard to predict on where it would be going. This isnt the first time we do able encounter like this.I agree on some points above that there might be some huge price decrease after this long stabilization in price on which we cant really be able to tell whether this one would be the base price
before we take off or we would be seeing the opposite? This is why taking up such action or position does really have that risk as always.

Bitcoin has been below $30k for the past 2 weeks, not just a few days and no one knows how bitcoin will move in the coming days. From what I see in the market, most people are just waiting for bitcoin to move for more data to predict the trend of bitcoin. Honestly, Bitcoin has been at $29k for quite some time and this is really annoying.

For traders, buying and selling at the moment is very sensitive and not a wise decision. But for long-term holders, bitcoin below $30k once again presents an opportunity to accumulate.

It is really annoying that the Bitcoin price is at the level of 29k. Looks like it'll be here for a long time. I think it needs to fall further from this level to enter the uptrend we expected. Many predict that the price will drop. The number of people who said that the price would increase decreased. At least that's the opinion of the people I talk to around me. I would like the price to fall as soon as possible before stopping at 29k and then to rise. Because when the price is stable, the expectation is that it will decrease.

Yes Bitcoins usually increase in price during the end of September. So till that time the price will stay low only. I would suggest everyone to not to panic about the price. Treat this time as an opportunity to buy the coin in low price. Moreover Bitcoins trying it’s best to break the resistance and come out of this price range, but still no positive movement is seen. So accumulate as many Bitcoins as you can in this low price and hold it for few months.

I also consulted some predictions from investors I know, most of which are that bitcoin will continue to drop to the 26k-27k region in the coming days. There are very few people who think bitcoin will rise in price. As I see it, when bitcoin goes sideways for a long time, people gradually lose patience and make more negative predictions. As for me, I really don't know if bitcoin will go up or down and I don't want to make predictions. I have prepared plan for 2 scenarios and bitcoin rise or fall I will accept and support it.

Market conditions are very vulnerable. if the interest is selling high what do you ask and consult with experts that bitcoin will continue to fall to the 26k-27k region in the near future and it will be very likely to happen. But, what I know is not yet the time. what I see when many predictions are born that leads always to a price drop, in a sudden the price can change in an instant without any notification and this happens very often. So. for me, if there is a market correction, it is normal that only patience is required here and not to be affected by issues that are currently developing which will lead us to CL than what we planned Hodl,

that is correct , we are aiming always for the BER effect in which starts from September to December . actually some says it is in 4th quarter but some says it is in late 3rd .
but whichever it is? the best thing is we are already accumulating before those days comes.

If we see, The aggregated crypto market has been facing tremendous volatility and it is true, if we look at the Bitcoin monthly chart it looks good but the BTC weekly chart is lousy, Bitcoin Price was seen selling around $29,000 approaching the key support level $28,500. I believe BTC will return to normal and this is just a time of accumulation for the big traders and ready to go to 35K later this month.

That was similar when we were going under it as well. We were above 30k and it looked like there was a huge wall at 30k that would be hard to break so we assumed that it would not go under 30k, and yet when we look at it right now we can see that it's under 30k as well. This is why I believe that we should not really be considering the situation all that different, it is as normal as it gets and can't be bothered to change all that much.

Hopefully it will get to be a bit better and we get to live in a normal situation without worrying about it. I understand the logic, I understand that it's going to take a while, but this is how it is for the time being. Just realize that 30k is not that hard to break and we could go up when we can.

Market forecasts are not always the same. But overall Bitcoin has been capped in the $30000 for a long time, it has been trending lower recently and this is the usual pattern before a bull run where the Bitcoin price drops massively. A break down from $29000 would definitely bring Bitcoin price closer to 27000, but this is just speculation but there is a possibility of upside from this point as it is completely unpredictable. However, there is a possibility of moving the market towards 35k anytime from the current position of the market.

After the price falls almost a year under $ 20k and earlier this year the market looks convincing, the price of January can rise more than 40% so that it makes us more optimistic with market performance, and the second big thing is now being able to pass $ 30k, of course we It is really waiting for the market to be able to pass $ 30k so that the Bull Run arrives soon, as evidenced by several times the increase but still cannot pass $ 30K.

Today, bitcoin has moved and it always surprises people and always goes against the crowd. Many were anticipating bitcoin to drop to $27k as they saw bitcoin move sideways for weeks. But in the end, things are going in the opposite direction. Those who are waiting for bitcoin to drop to $27k are probably getting frustrated and starting to lose patience, and if bitcoin continues to break above $30k, they will have to buy bitcoin at a higher price because they waiting for bitcoin to drop. It's fun to invest in bitcoin, bitcoin is unpredictable and there are always surprises for us.

I agree that the price was way too little back in the day and that means we are going to end up with something that is a lot more different. It should be considered that we are at a moment when things do not look that great and should be considered a bit different. I realize that it is not going to end up with a good situation at all, but at the moment it's still better than how last year was and that's the important part.

I get that things are not looking that good at this moment but why would that mean anything at all? This is why it should be reminded to everyone that life is not that simple and we should focus on making as much profit as we possibly could. It could be by just holding, or trading, but remember that life is doing fine.

Bitcoin tried to break through the resistance line once more but it's now heading down again. It's just repeating.

The bullish movement might be getting tired. However, what's more important Bitcoin dominance is increasing, no matter the market goes up or down.

For now, it looks like Bitcoin is moving sideways, possibly continue until October. We're still in the initial stage of the bull market. Yes, in the world of Bitcoin, things can change quickly, and surprises can happen anytime.

We have to keep in mind that bitcoin was at 16k few months back and 30k is relatively better position then 16k. The good thing is Bitcoin is quite stable at 30k and not moving up and down from this price. Moreover market has up, down and stable positions, as an investor we need to be well prepared for all such situations. Right now its a good thing that Bitcoin is maintaining its position and it may explode in the long run. 

We have gone through a bearish phase during 2022 during which time bitcoin lost a lot of value.
Some even thought that bitcoin would drop to $10k, but thankfully the price of bitcoin didn't drop to that level. Of course it is a gloomy period for the holders, but if they have good financial strength and have experience in terms of investment then of course accumulation is the best option to do.

The increased demand has seen the bitcoin price recover from the start of this year to almost touching $32k. However that resistance seems too strong to be broken so far, but I am optimistic that $32k will be broken during 2023 regardless of when.

It is easy to forget that just at the beginning of this year bitcoin was still doing badly and many investors thought that the price could keep going down and we could suffer another crypto winter as bad as the one we went through at the end of the 2017 bull run, so when we think about it a price close to 30k is still very good and the stability that the price is showing encourages long term investment strategies like DCA, so all in all this is still a very good moment to buy bitcoin despite the price lacking the strength to go above 30k.

30k was the level people previously expected to hold hence the actual full sell off nearly getting to half that was surprising.  Its quite possible we have old buyers in this area who remain disappointed and negative despite the regain it represents no personal profit to them.   In short there is alot of damage and debris in this area and other sections of BTC price action.

We have almost what looks like a double top on 4hr bars recently.  It was looking to be positive trend above the weekly average, however we seem ready to return right back to about 29.2k to pivot between positive and negative medium term.
  Highs of last 24hr and August start relate to a monthly average roughly, various time frames not aligned towards a clear continuation upwards and forwards more sideways.

In my opinion, Bitcoin is engineering liquidities above $30k and will likely soar $33k before it crash or consolidate again. If ut manage to stay above $35k then we might wont see $25k below level again.

So if the $35k doesn't get breached, then do you think we'll go lower than $25k?
No one can say for sure how high and how low the price of bitcoin will be, that's too difficult although some predictions find a decent degree of accuracy. The price of bitcoin keeps on fluctuating all the time so there is no certainty that it won't go down even if you see $35k being breached.

We have found that it is still easy for bitcoin to lose thousands of dollars in value just because of negative news or when FUD goes viral. Even if at some point the price had recovered and broken the $35k resistance, it was always possible to see the price right below $25k if something bad hit the market.

Allover thinking i can tell $30k is actually resistant price. We are seeing there has bren many days bitcoin price near about $30k. Some times Bitcoin price falling but within short time It revource and again $30k. But now seeing market gradually going down. And daily and weekly candidate showing for down. If there is no good news then the market will go more down i think. It is huge possibility to go $25k again. So we have to wait for some times to understand market movement. So i think now time for hold Bitcoin. We should avoid buy and sell. Only holding is best for now. I am also holding now.

The price resistance in the $30K range is also triggered by the buying power of Bitcoin itself which is still going on in the market and there is even a possibility to pass $30K again this year because when purchasing power can continue to increase, of course it will greatly affect the price increase as well. Also, as long as there isn't any news that panics most of the people who have bought Bitcoin, the price of Bitcoin should be close to $40K within the year.

If you look at the improvements that have occurred since the start of 2023 I don't think we're going to see prices much above 30k, and throughout this year it's been proof that no matter how much the price of Bitcoin falls then it will recover to prices that are steadily approaching 30k, I think the price is 30k it's pretty good compared to the end of last year and I'm sure for this year close to 30k is a stable price.

Ok, if you look at the price movement, it was a huge resistance for two months, and then we actually breach it with the news of Blackrock ETF application. And then after that it goes on our support until it fell to $28k. Now we are trying to get back at $30k and then put it as a support line.

But it's not that easy, resistance is very strong that when we have a chance to come closer again, there are huge sell orders in exchanges that's why the price goes down like today, it is price at $29,400.

Yes, bitcoin broke through $30k yesterday but it quickly went back below $30k once again. Continued to be flat Bitcoin predictions for the next few days, but I still believe bitcoin will have significant movements this month and I expect positive movements. Tonight, CPI will be released and market volatility is inevitable, I hope there will be positive news for the economy, bitcoin will benefit from that. Let's wait and see what happens when the CPI is released.

Not totally broke but rather it is really that only touching up that space on which it is really that turns out that this had become a strong resistance price that we've been trying to break and seeing that

how many times that the price is trying out to break this point but still it didnt really been able to push through. This is why tons of people are expecting that we might be seeing for 25k or lesser if it once would be rejected once more once it do touch up that 30k point but there are ones who do really believe that it might be able to break up on a particular point on the time that we might be able to see some positive news towards the market. It is really just that there are things which are supposed to be totally random and there's no way that we could be able to tell on when it would happen.

30k is indeed a solid ceiling that we do really need to break before this market would really be able to rally and heading to 35k or even 40k which might be possible for this year.
We are really just needing up some catalyst for the price to move on this kind of behavior or kind of trend.

And there are still no positive movement on bitcoin, on the contrary it went down again, but still manageable. At least we are still above $29k as of this writing and hopefully we won't have a significant drop as a result of the CPI news.

With that, it might take time again to see the price going to $30k'ish. We need some positive news and that news should stick for a while. Maybe a Bitcoin ETF approval will do and we might even see $40k at the end of the year if that news will become reality.

If the CPI can provide good news and can also make better price changes this month, it can also have an impact on the price of Bitcoin. I think CPI will become more popular this year, because until now there hasn't been such a significant price change in Bitcoin, especially price changes for more increases so most people still hope for lots of positive news so that it can affect the price of Bitcoin more quickly in the market, especially news that concerns the crypto space or that can have an impact on the crypto space.

Not only to bitcoin or crypto market, but the rest of the traditional financial markets, the CPI bring bullish news to it. Although I'm not from the US, but I learn to really check what the CPI news report is because as we have said, it could either be bullish (hopefully) and negative.

And if by chance it will be positive then definitely, I see it going to affect the price and we might see it conquering $30k again following the days of the said news. However, it seems that the CPI news as I understand it that there is still inflation in the US.

Now, we could understand that people/traders are reliant on the news and this is a factor that affects the market price. If the news is good or positive, people are optimistic but if it was negative, they also become hopeless. And I don't wonder why it was hard for the price to grow because we have been influenced by this thing, not because we trusted Bitcoin but because we are more comparable to the news we've heard every day. Now, if there are no changes in the news, I don't think there is something that could influence the growth of Bitcoin - possibly it remains below $30k.

Or maybe we the run for this year was very quick, we've reach like $30,000 in April if I'm not mistaken. But after that, it was very slow to us, of course, there's negative news around, but at the start of the year, it seems that it was all a breeze to us as we goes like every month with green dildo to end it.

However, after that, for whatever reasons, everything was in a slow motion, price not moving a bit, expect when we had a news like the Blackrock filing for a spot ETF that pushes the price to $31,000. But it was just the hype on the news and after the hype is gone, the price goes back to normal, below $30,000, ouch.

35k is really far to be honest. If Bitcoins manages to cross 30k usd also, then many people will become happy. Yes we should treat this resistance price as an opportunity to accumulate as many Bitcoins as we can. As next year it is expected that Bitcoins will break the Ath price. So if we start accumulating from right now at current price, then definitely we will make tons of profits in the coming year. Bitcoins will start to give signal about the rise from early October this year. So not expecting any big price change currently.

Happy in what when bitcoin touches $30k will they sell? I don't think so, it may be the limit of their resistance to bitcoin and further expect accumulation.
No, I do not treat resistance as buying bitcoin in the sense that the price is still below $50K while we ourselves are still convinced of its high price increase then continue to accumulate in any way including the simplest DCA.
Not sure October is any signal in the know from now on, I know that's your analysis but I'm not really thinking about it for the coming month.

For those people who had bought on 32k as far as i remember and now seeing the price is playing around 29k and failed up on breaking that 30k point are the ones who are really that waiting for price recovery
but in overall which we do know that price could neither be breaking those resistances or would really be moving sideways for a period of time. We are now on a situation where it is really hard to tell on where the
price would eventually be going.It doesnt really give out that huge hint or patterns whether it would be going up or down. We dont have any fundamentals or news around on which it would really be that so hard to
assume out on where prices could eventually be ending up. For now its not that bad to place yourself on the current price just like on what others said but of course as long you arent that get involved into futures trading then you wont really be finding yourself on being liquidated even if the price would go south as you do predict.

We have seen Bitcoin hovering around 30k for a long time. I predict Bitcoin price movement will have a positive impact on the market.  For several more months, Bitcoin will probably rise within this price range.  The market is now in the end of the bear season, as we can see from the Bitcoin price change signal.  We may not have to wait much longer for we may reach the bull market very soon.Those who are waiting for Bitcoin to drop to $27k are probably disappointed, I think they still have time to buy and hold Bitcoin.

It was very influential indeed but if we look at the movement of Bitcoin throughout this year we've been on a significant increase and then hold for a long time at a price close to 30k, I don't see us going any further than that, regardless of what that affects in the future no one knows for sure whether it's about positive news or otherwise that will affect the magnitude of the price movement of Bitcoin or others.

It's hard to say about the end of the bear season because most altcoins are constantly falling and it's unclear when it will end. If we talk about bitcoin separately, it is likely that the bear market was over for it at the beginning of this year. Bitcoin has been on the rise for seven months now. But until 30k turns into support it is hard to talk about further growth.

I hope people can see now that $30000 is becoming the resistant price.


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Bitcoin dropped below $28000 today which is indicating bearish market. Let us see what would happen, but I am still bearish until bitcoin got below $26500.

I may be wrong, but this is my guess for now.

^ Bitcoin goes down to $25,000 in the last 2 days or so, and so it looks like we are in the bearish phase and it seems everything now has been invalidated unless we get back to $26,500 and see how it goes.
And so it's a mix signal right now, and most likely eventhough we are in the buy region, no one is biting because there are indicators that we might go down again to lows of $25,000 as liquidations might come at the start of the week, or there could be a potential bounce back to $28,000. Hoping for the best though at the start of a new week.

If the next week the price bounces to the 26-27k area, then the impact of the price recovery will recover significantly to reach a price of 30k again, but we won't know when the panic selling will stop because the liquidation of the SpaceX bitcoin selling issue is still affecting the market. I hope that holders or traders must control themselves in responding to issues that affect the market for the short term but must wisely analyze the market for the long term before the bullish period.

I'm sure the market will recover quickly because the news about each company's bitcoin asset ownership will not be 5-10% higher than supply, so any news regarding the sale of bitcoin assets from companies will only affect the market in the short term.

Its already gone up from the low, we hit a similar price now to the June low.   What could be bearish if we didnt repeat  upwards but for now we just repeated the top and bottom of the range.   Many had hoped for more of a positive trend to hold hence 30k becomes old news and maybe support instead its remained as it was despite that bit of good news the wider market doesnt care especially for now and wants to test the selling prices.  
  On some time frame or another its always repeating itself, we have to decide when the repeat is better then previous.  This time the low was a bit higher then last, some people sold the higher prices and put their buys in that point probably.   We can assume thats bullish to register low but as a higher low, but to me I would guess its far too slight.    Instead I fear that low is further repeated, instead of a reflex we slam into it and more strength is tested beyond just the speculators playing ping pong games on the order books for us all to observe.

Bitcoin over this month did really create a resistance on $30000 level. Simply with the monthly chart we can observe that high in that level once it get there from few hours and maximum a day it falls down for lower levels. I must say that it’s really hard to break this resistance any time soon unless we get a really good news that will change this situation other than that it really needs time to build a strong support to break that high resistance level.

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It looks like the Evergrande thingy is going to set us back months. We are probably stuck in this 25k/28k region for a good while now

sadly , it is the barricade and indeed we did not see it crossed that price till now and have a sudden fall badly.
and that had happened mate, because yes we even fall down to 25k and still falling , it is a bad sign for August but we can see it growing in the coming months.

The coming months we should be all looking at is by next year not this particular year because it seems like bitcoin won't go above the expected price of $35k before the end of the year. Even if bitcoin crosses that amount, many investors won't bother to sell their Bitcoin as their case may be. They will still be waiting for the bitcoin bull run to happen by next year or two upper years(2025).

So let this August keeps being a bad sign as long as it doesn't stop someone to invest with the amount they can afford to lose without a problem

This is just another bump for us this month. We are still in the $25k right now, I thought that after everything has settled down, we should be at least gaining some grounds and could be just above $26k.

But don't think that we won't be recovering, it might take some time but this is just another perfect opportunity to accumulate.

And just let this this decline pass by in the next month or so.

We saw the Bitcoin market hover around $30,000 last week.  But that was along with the price resistance but we have seen the bitcoin market fall badly over the past few days. The Bitcoin market has been experiencing a major bear market since it fell below around $25,000. Right now the Bitcoin market is not doing very well as we have seen the Bitcoin market when it was around $30k and it was predicted to go back to $35k. But the current position in the Bitcoin market is now forecasting to reach $30,000 but how long it will take is uncertain. As the market is moving lower right now and the bear market seems to have more power than the bull market, it is not certain whether the Bitcoin market will go down or up.

It is not yet seen that there will be an improvement in movement, even though it has been holding around $30K for a long time. In the end, you have to accept the fact that there is a correction so that it reaches $25K, and of course, this is beyond expectations. But indeed, analysts say that September will remain red and there will be no changes that lead to improvement.Even though this will be a correction until October and the possibility of reaching $20K is not impossible, this is good news for those who will buy and will get a good price. Just hold on until the next bull market.

Waiting for the next bull market are people who have previously bought even though it is still quite good if they want to continue buying again now. Because the price of $25K or a little more than that is a fairly low price before the next bullish occurs, especially if the market sentiment this month will indeed be more likely to stay in that price range than excessive correction. Apart from that, there is also speculation that next month there will be a possibility of another correction, but I think more that next month there will be another increase on a repeated basis which is likely to return close to $30K.

In general, it is said that the price of Bitcoin falls in September, so there may be new buying opportunities. I want September to be good. They say the price will fall to 20k, but I don't think it will. There are two possibilities. If the price falls to 20k, it will be a buying opportunity. If the price continues at this level, we will have a good start to October.

Avoid panic selling when the bull season approaches. There are a lot of people or institutions that want to buy Bitcoin cheaply before the bull season and it can affect the market a bit.

Totally agree, because I also don't think that the price of $20K will happen this month or next month for Bitcoin even though there are experts who say that this month Bitcoin will still have difficulty experiencing an increase in market prices. However, I also don't think that the price of Bitcoin itself will immediately fall to $20K, because the rate of price decline tends to be slow and happens slowly. So it can be concluded that this is also based on the existence of support for price resistance at $25K before prices continue to higher levels again on Bitcoin.

That's true and I also agree that the advice is to avoid selling because there is a feeling of panic in the bullish season. Other than that, for now it's also still a very good buy opportunity for everyone before seeing a strong start to the month ahead. Because I also think that next month there will be a more likely increase in prices than a decrease in prices, although it is not impossible for both of these things to happen.

We can see now that bitcoin is at $25,700 and is experiencing a sideways phase and see that it is approaching the support area in June yesterday, it has almost touched. While June was the second lowest support since the beginning of 2023, so we can conclude that now is the right time to buy more, but honestly I will not be too pushy for you to spend all the money on bitcoin because what I see is that there is no indication of a definite reversal (back up) there because the situation is still sideways a bit difficult to read. So buy with money that will not be used for other needs so that you remain calm if something significant happens, especially bearish. I agree, to go down to $20k in my opinion is impossible, because as I mentioned above this is the second lowest support this year and there must really be something that affects it if the price wants to drop to $20k, I have seen from history since the beginning of this year that bullish still dominates with stable zigzag movements. Honestly I will buy more now and I think early October could be around $29k.

Well, that's true, but there may be some of them who then immediately sell it for fear of the price dropping again. But yes it's true as you said, it's a good opportunity to collect more, as I said above that the price has been in the lowest support area for the last few months and that means it's a good time. Honestly, I'm very confident that October will be dominated by bullish at least up to $30k.

Nobody is actually talking or remembering the $30k price range that got Bitcoin stagnant at that price for long before it started moving downwards to its present price of $25k-$27k. Some of us have forgotten that price, only focusing on accumulating additional bitcoin at a discount price.

Currently, it seems like the $30k price tag is very difficult for bitcoin to skyrocket to before the end of the year. Although it might be possible it does, not quite certain about that because of how bearish the market tends to be in September.

Having said that, Bitcoin is currently on the verge of going below $25k. It trading at the price of $25,053. Let's see whether it will fall to the $24k price below

We are almost at the end of second week already, so I doubt that it will fall to $20,000. The lowest that we got for this month is around $25,000, so that is good enough for us.
And with that, it seems that we are going to trade sideways again, so for others it might look good as we can still accumulate way below $30,000.
I know that $30,000 is now the biggest barrier, but I do think that we are going to break around that price eventually.
But before we can do that, we should take advantage, and as you have said, this is still a buying opportunity to us, before the price suddenly goes on a massive run next year.

Yeah this was pretty sad for me cause I saw opportunity when price first dropped under 30k dollars. I bought some Bitcoin around 29k dollar levels. But I quickly regretted when bears literally started to dominate markets. This shows how quick market sentiment can turn us away from our suggestions. I believe 30000 is more like threshold to pass to start some kind of short term bull run now to 32k first and 38k later on. Literally.

Yeah, that's why the $30k barrier is very important to break as it could start a short term rally up to the end of this year and maybe we can at least break it and goes to $35k. That price could be good for the start of next year and prior to the bitcoin halving.

Gonna be a waiting game for now, if we did break then good for us, at least the bulls still have some control of the market from the bears although we are still in the bear market.

There are a lot of unknowns emerging and it's a good idea to keep updating and monitoring the market like you said and If I look at the OP's post it is already 2 months and 2 days old from the date of the post and it is true that the BTC price in July 2023 is at the highest price of $31,850. and currently BTC is still unable to penetrate this figure where the price is currently running at $26,528 and what is happening at the moment is that many altcoins are rising slowly.

Your prediction was true as you have mentioned that price will go more down so yeah it was down but now steadily it recovers back like that was 25k$ but now it is above 26k$.

Despite if its dumping price it is still consider as a worthy coin and if such dump was occur in other Coin's price then surely everyone will be in favor of selling it but as bitcoin revealed high potential of profitability so everyone will keep bitcoin with patience.

This gradual increase will turn the price back to 30k$ or more than this because people don't loss their trust in bitcoin and continuously putting money into it.

It seems like you still really like monitoring altcoins amidst current market conditions, but that doesn't matter as long as you are still happy enough to watch altcoins while monitoring Bitcoin. Because today Bitcoin has started to be at a price of more than $27K and I still hope that the price does not stop there so that Bitcoin can return to close to $30K in the near future. I think it's still much better to monitor Bitcoin and ignore all the altcoins on the market for the time being.

Those who believe in Bitcoin can definitely see that bullish movement of Bitcoin. When Bitcoin dropped below 26k a few days ago some expected a further dip but since then Bitcoin has started to trend upwards again. Bitcoin is one of the most desirable coins in the world, so temporary price drops should be expected without getting upset. Those who wait patiently could soon see Bitcoin hit $30k, and investors are getting excited as the halving approaches. Within 24 hours the price of Bitcoin has increased by 3 percent and we can see the price of Bitcoin at 30k dollars soon.

Yes, that's because most of them always analyze the development of bitcoin itself, and regarding the price of bitcoin which yesterday touched the price of $ 25k, to be honest I have my own analysis that it is the third lowest support in 2023, I bought some there because I was very confident in my analysis that bitcoin would go back up, and sure enough it was in accordance with predictions, and now as we see that bitcoin is almost finished in its correction phase and that means most likely the price will go back up.

To be honest, I also told some of my colleagues who are also active in bitcoin investment that yesterday was the right price to buy more, because as I said above, there bitcoin has touched the support point that occurred a few months ago, so this can really be used as a reference that the latest support has been indicated and now is the time for prices to reversal. Obviously, for those who have full patience in their investment plans and are always firm with whatever they have prepared then maybe they will always be able to take advantage of any opportunities that come. According to my prediction, the highest resistance point this year is around the $32k - $35k area before the halving period occurs.

When bitcoin was at 29k$ for many months and the distance to overcome 30k$ was too easy but in the end it could not overcome and fell to 26k$. So, just because bitcoin is up 3% in the last few days and you believe that bitcoin will soon reach $30k is quite subjective. I don't know what will happen because bitcoin is unpredictable but we should also consider a more bearish case for bitcoin instead of just hoping for a bullish scenario. Even though the halving is getting closer to us every day, let's not forget that bear season is not over yet and the bears are still going strong.

Remove the altcoins though, it won't have any significant effect in the price of bitcoin. If there is, then it should be the contrary, bitcoin influences the price of altcoin and not the other way around.

As for the price barrier of $30k, it's round numbers and usually it is really hard to break it. But as soon as we have the momentum, it's just a matter of time that we will breach it again but this time, it could be that we will sustain the run. Patience is the key here.

I do agree that it was a period where it took a while for people to realize things are not that easy and we need to end up with something that would be a bit different. I get that it may not be that great but it can be done and we need to end up with a solution that would make it a lot better.

I believe that people seeing just a little bit of fall and thinking that it is going to be terrible is the result of people seeing too many crashes recently which made them fear all of the crashes, even if it goes down just 500 dollars, it triggers them and makes them remember the bad old days. We are doing a lot better now and we should be able to actually do a lot better on the long run as well, it should be something that we could see it happening.