Bitcoin Forum

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

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

A new era seems to be dawning. Following Ripple's legal success against the U.S. SEC, a Bitcoin spot ETF is now introduced by Jacobi Asset Management, a London firm authorized by the Guernsey Financial Services Commission. After securing approval and two years of preparation, the ETF is listed on Euronext Amsterdam as $BCOIN. Fidelity Digital Assets will safeguard the fund, and Flow Traders assumes the role of market maker.

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

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

According to Analyst Crypto Tony, BTC prices are forecasted to hover within the $29,400 to $29,500 range for the week ahead. However, a bullish uptick is foreseen on August 20, 2023, with the possibility of breaching the $30,000 mark. Recent months have demanded substantial bullish forces to overcome these thresholds, hinting at an impending resurgence in Bitcoin's volatility.

Presently, Bitcoin's price displays minimal fluctuations, maintaining a nearly constant level. While external influencers such as CPI rates, FOMC decisions, and the DXY index have failed to incite the desired fluctuations, the BTC spot ETF could potentially infuse positive influence. Yet, market participants grapple with uncertainty regarding forthcoming price actions and the strengthening bear sentiment. Consequently, the market remains ensnared within a narrow consolidation range.

Why 20th August and not immediately though? Still waiting for this spot ETF to prove me wrong about all ETFs (I'd be really pleased to be wrong), been some weeks of discussion on this forum about it. I'm surprised how optimist the mood is, though I concede this seems a different beast (UK, not Guernsey, would have swung my mind into the positive camp).

I don't see this news in any of the local papers here, economics section still pretty much focused on euro outlook.

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

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

With the provided link and the picture you can tell for you self if the price will go above $30k or not https://coinmarketcap.com/currencies/bitcoin/#Chart
https://talkimg.com/images/2023/08/16/MdZK9.jpeg
https://talkimg.com/images/2023/08/16/MdHG3.jpeg

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


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

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

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

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




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

From where price is currently sitting,  30k can be easily breached without breaking  a sweat,  let's talk about getting to $50k and above for now  8)

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

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

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

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

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

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

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

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

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

https://www.talkimg.com/images/2023/08/17/MwLUG.png

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

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

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


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

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

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

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

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

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


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

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

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

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

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

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

I agree with you that Bitcoin's limited supply isn't the only factor to push the price up, even with the reduction in supply bitcoin can't increase in price without demand, however, supply and demand, both work in tandem because once you are cutting the supply of something, in the other hand you are encouraging demand and that's the fact with the law of demand and supply, The bottom line is that Bitcoin will be on increasing demand so far the supply is getting reduced.

It may not be looking that great right now but going above 30k is also not that hard neither. I mean it may take some time, but when it tries to go up again one day it will be quite easy. We are already close enough and that means that we are going to end up with that type of price very soon. We should be aware of the situation and not be really wondering what will make it better or worse.

If we are aware that the price is not doing well right now, that means it's time to buy bitcoin, because it's better to buy it when it's low. It's also important to be aware of the fact that it's not that low right now, and it could go up very quickly when the bull starts and that's why we will not be waiting all that long for it to happen.

OK, so tell my why there shouldn't be a demand for bitcoin. It works pretty much like digital gold and is currently the best store of value out there, because it's the first and the only decentralized way to hold money. Every other thing is limited, requires a third party, or like gold is hard to carry around and sell. Bitcoin is simply the best and if you give people time, more and more will get to understand this.

Even if we ignore the above, bitcoin was trading at above $40k for almost a whole year in 2021. Why shouldn't it be like that in the future? You're looking at 30k right now but in reality going from 30 to 35 requires very low amount of money when compared to how much people put in stocks. A single billionaire investing in bitcoin could get us above 30k today and there's a lot of billionaires in the world.

What does it mean after the halving? Do you mean a month? A year? It's mathematically impossible for bitcoin to stay flat below 30k despite the halving. It either goes up to 40k or it dies and goes to 1k and eventually below, but for that the blockchain would have to fail somehow. As long as bitcoin works it's going up.

The price increase of bitcoin doesn't really affect a strong believer of bitcoin, I mean as a holder you won't get disturbed over the price fluctuations and this shows not selling signal, those who buys for selling or profits maximization are the people who kept panicking about increase and decreased. But that not withstanding we are all to be positive on bitcoin price but from what I am seeing currently I doubt if the price gonna pass 30k after 20 August. The possibility for the price to surge above 30k will possibly depends on the total amount that could be purchased within the period of 72hrs will tell if the price may changes.

Ironically, everyone has their own explanation. I woke up today when bitcoin was still above 28k and the news outlets were saying that a strong dollar recovering from its dip has influenced stocks and the markets are down... You say that it's because of Chinese figures... I saw an article on one of those crypto news that it's because ETF got delayed... Nobody knows anything to be honest andf bitcoin just does what w few rich traders want it to do because it's easy to manipulate if only 10% of total supply is being traded and the rest is held.

As for the 25k potential, the 200 WMA is currently at 27k, so that should act as support. Not that I care, I'm not selling anything at 30k or below. It's far too cheap now.

That's correct; I also don't see any valid reason for Bitcoin not to surpass $30,000. I understand that the OP is possibly concerned about the current crash in the market, with Bitcoin's worth at $27,900 as we speak, as we were used to it being stable during, the past few months. It is said to be the period with the lowest volatility since 2016. However, as you've also mentioned, Bitcoin was being traded at over $40,000 for over a year, while not long ago, probably less than a month ago, it had reached the price of $31,000. To sum up, it's statistically impossible not to see a recovery somewhere within 2024.

As long-term holders, it will not have any effect, they will certainly buy gradually when Bitcoin goes down and it will increase their assets.
But for those who panic and only rely on quick trades, they will sell it instantly.

Although Bitcoin is still struggling to break $30k at the moment, it would still be a good opportunity to get in before the halving happens.
Look at the table I provided below, Bitcoin in August and September has always decreased and it is likely that August and September this year will enter a bearish mode.

The market has shown some pretty significant dips in the last few days which actually made my portfolio down a few percent. Of course it's not a problem that worries me too much, but for some people it might be quite risky.

The market will gradually recover on its own as demand increases, but building a good portfolio is sound advice during a downturn. Yes, they need to accumulate by buying on a dip, but there's no need for coercion so they buy it with a lump sum. Still consider DCA for another possible downside, meaning they can still buy lower if prices fall rather than improve.

It looks like that will be the new trend of BTC before it goes bullish.  Everytime the market move up, it is easily got sold making the market price revert to its original price before it goes up.  And now BTC plummet to $27k  it is harder for the market to break $30k barrier.  We can only observe the incoming ETF approvals for the Bitcoin market to break $30k barrier.

I had not noticed until I saw your comment that the price of bitcoin had gone down to 27k, it seems the 30k resistance level is way stronger than what we thought, but in a way this was to be expected, if the price went above that level then the next significant resistance should be at the 35k level, and that is about half the distance from the ATH, so it would be a price too high to reach especially when the halving still seems to be so far away.

Over the last 24 hours bitcoin has experienced a significant drop and now at $27.5K (at the time of writing) there is a possibility that it will continue to fall and approach support levels.
It is still very difficult for the price to rise to this resistance level as there is a negative impact affecting the price but this month the market is not enough to make it positive there is a possibility of this impact until the end of the month.

We will have to see how the next month goes, of course expecting resistance to be broken again.

This is the trend now and unfortunately the Bitcoin can even go lower for the price of $27k.
Well, its expected after many failed attempts to break the resistance level and now we are seeing the drop price. The next question is, can Bitcoin sustain its price above the support level or we might see another drop. Let’s hope for a more positive trend before the end of the Month and see how its going.

I hope we see another drop, and I hope that drop will be around the time of my job's payroll so I can buy bitcoin at a much cheaper price, hopefully I can accumulate as much bitcoin as I can while it's still plummeting, to everyone that wants to do the same, don't forget to DCA when you buy bitcoin right now, this might not be the first dip in prices. Regarding the support, let's just hope that no more whales will dump their bitcoin right now if we want to see a sustained support level, that's the only thing that might break that new support level, more bitcoin sold.

it seems that this downward movement will only be short-lived. for sure, a lot of whales who are waiting for this moment are already secretly buying. worry if there is no chance of going up again. but since adoption is continuously increasing, we have high hopes that once this bottleneck is over, we will soon see the price rising again.
no single person can make this market disappear.

I agree, it's just the momentum that this whales are waiting, knowing that there are many people that will going to fall out of fea.

We need to watch carefully if we are into this business, there's pressure but we need
to work it out not to follow the direction if we wanted to be safe, just buy and hold
for the meantime and allow the market to move forward.

And it happened as you expected and I hope you accumulate more bitcoins at the current price before the bull run arrives. Many people have also said that they would like to see bitcoin drop more so they can buy it cheaply, and I hope they will buy it now, not that they are scared to see it drop that much.

There are many people who always say bitcoin is too expensive and they want it to drop more to buy, but when bitcoin drops, they start to get scared and don't dare to buy. Bitcoin has dropped quite a bit today and I think there is no better time than to buy now, if someone misses this moment, they will regret it.

looks like it brings a different approach mate because look at what happened in the market now https://coinmarketcap.com/currencies/bitcoin/ while we are looking for increase and breaking 30k?
now what we broke is the lower side and that is 26k , yes we are at 26k level now and there seems to be more and more low to come.
sad to see when we expect this but we only got sideways.
sorry for most but it is frustration that others felt(of course not me because i am ready to what will come)
my Holdings are intact and i have funds in stable coin that is waiting for sudden withdrawal.
this is how i treat market now from the experience in the past.

That's why I'm on a time crunch to gather as much money right now because I know that the price bouncing back is imminent and inevitable. As you've mentioned, whales are definitely buying, I think that some of them have probably an inside knowledge that a dump will happen and must have shorted.
I just hope that those people see this drop as enough reason to buy bitcoin now because they're probably going to see it as not enough of a drop in prices and so they will wait again which will be problematic for them. The people that will say they buy when the prices drop but then the prices drop and they don't buy are the worst because they end up hurting themselves with regret. Totally agree with you, it's high time that anyone should buy bitcoin now.

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

The expectation of a decrease in the price of Bitcoin is gradually coming true. I don't know how much this decrease will be, but I was predicting that it would decrease recently. Because in order for the price to rise, a fall must come first. The price was very stuck and a move was needed.

Bitcoin gives us the opportunity to buy again. I think the return of this decrease in price will be good. We are halfway through August and price forecasts may be very different by the end of the month.

Stop selling to strengthen the new support price in anticipation of the halving and to strengthen returns.
The market is being played by big capital owners because there are big targets that they want to get in large numbers.

In considering each investor's personal gain through the expectation of huge returns, I think dropping prices to under $20k or below should be put to good use. Seasoned investors are at it and they welcome price reductions like the current one to improve the status of bitcoin holdings.

Despite such odd news I still believe that Bitcoin has a bright next year because of halving. I just read on the forum that Space X has sold out its 363 million USD worth of bitcoin holdings and to me this is not a huge sell off. Price of Bitcoin is very difficult to predict, right now its at 26.5k and it has the tendency to go in both directions from here. Just don't panic and don't sell your Bitcoins on discount to whales at this point.   

That number is insignificant compared to the market capitalization and it is certainly not the cause of bitcoin's plunge as many people think. I agree with you, although I am also quite surprised how bitcoin moves, but I believe it will not be able to fall any further, and we will recover soon.

Not only should we not panic, but we should also consider this a better time to accumulate bitcoins. We want to get the most profit, we need to buy low and sell high and this is the time for us to buy.

And did you see me mention that the demand for bitcoin won't increase or bitcoin won't be able to cross $30k? What I'm trying to say here is that the supply doesn't decrease with each halving, but instead, bitcoin becomes harder to mine. Second, limited supply is meaningless without demand. So when we want to say bitcoin price increases, we need to ensure between supply and demand, not just focus on limited supply while we are not talking about bitcoin demand.

Yes, it's going to be difficult to mine or at least miners need hash power even more in the block halving. But speaking of $30k price, currently, we are down to $26k and it's hard to see the price going hard again after so many months of steady increased.

But if you talk about the fundamentals, I think it is still very strong, the difficulty and the growth will continue specially as we are going to face approach the bitcoin halving next year. Still everything is going to be base on supply and demand and as we have the halving, obviously supply is going to be small but the demand is going to be big.

Yes, just like the previous halving, prior to approaching that activity, we have the pandemic in March, causing the price to really plummet to $3k. But we have bounce back to even hit a new all time high. So this is just a mental test for us again. Right now there is a huge dip that we didn't anticipate but we can't do anything about it but to face it head on.

So no need to panic, if ever you have the capital then invest it right away @26k because we might not see this price again in the future.

The market is buzzing about SpaceX selling its bitcoins, and the strong impact it has had on the market is greater than the amount of bitcoins SpaceX has sold. So it is understood that whale traders are accumulating more by making maximum use of this news. Bitcoin finally made a big move after being in an area for months, everyone expected an uptrend but Bitcoin moved in the opposite direction to a downtrend.

But this should also be seen as an opportunity for crypto investors to strengthen their positions in preparation for next year's halving. So the most important thing now is whether Bitcoin can hold on to the critical $26k area.

The bitcoin price can't drop below $20k again unless something worse happens. In fact, I believe that the sharp decline in the last few days actually happened because traders and investors were panicking and the market was not ready to accommodate a lot of selling given that demand was not very high.

Investors chose to hold on while waiting for the best moment to get in, but I think they have bought it in bulk at yesterday's dump market. But indeed each of them should consider the risk of further downside if they want to invest, meaning they don't have to put 100% of their budget to buy all at once.

The news about SpaceX selling their Bitcoins is the basic reason for the recent dip, otherwise, all other news and stuff were already there but the market didn't react this much to any of them. However, I don't really see the price going as low as $20k or below that, if it was to go to that range, it wouldn't rebound so quickly, but still, all we can do is speculate and the market won't move as per our predictions and expectations, so we will just wait and see.

One more bad news and the market will surely take a bigger dip at this point, but if there is nothing else that has a lot of influence on the market, I believe it will start recovering from here since a lot of investors will start buying at this point because they wouldn't expect to get a lower price again this or next year.

I would guess that the demand is already there, that's the difference and that's why they do not talk about it. Do we have people who buy bitcoin daily? We do, look at the trading volume and you will see that there are a lot of people who are buying up bitcoin and that's why I think it's important.

This is why I think it should be important to focus on what you could do, it is not really that much of a big difference and I think it should be important to note that we are going to end up with a result where when the supply is less, demand stays the same, equals price going up. Today there are certain amount of coins mined everyday and sold and bought, in the future less coins will be mined everyday and sold, but why would demand go down in that case?

This positive outlook on the bitcoin price didn't even last 2 days  :D. Definitely hodl your coins or better yet buy now when the prices are much cheaper than you could ever ask for, the reason for the dump has been known already this price or should I say discount in bitcoin price isn't going to last long because other whales would be buying a lot at a lower price, don't let them have all the fun, the halving is nigh and we all know what comes after the halving.

Important decisions will be announced in September. Fed rate decision, unemployment data and producer price data. The fact that all these data indicate that inflation is not improving and unemployment is still strong may cause the Fed to increase the interest rate decision. In this case, the Bitcoin price may decline further with the declines that will be experienced. It is also worth mentioning. Pricing for these data and situations is often priced by the market days or weeks in advance. When the situation itself occurs, there is a short term positive reaction. I think this is due to buybacks to cover short positions. Finally, according to the course of global economic data, the pricing of Bitcoin will be more evident in September.

That is still uncertain but still, we have to prepare for what will happen next.
However, despite the current situation of the market, I didn't lose hope yet. I was here for many years and I experience countless marker dumps and corrections but I'd never give up my faith and even think of the worse case to happen as I know the market recovers after the storm. If you think about reaching back to $20k, well, that is your prediction but I did not because all of the things that happen are just temporary, panic sellers are done selling, and that stops the declining trend as well.

I feel like that will definitely change the price a lot but I can't guarantee if it will go higher or lower after that. I mean if it is as expected then maybe it could take it higher, or maybe if it is not what we assume it will be then it could go lower. It's hard to make distinctions between them but apparently the market thinks that it will go down, maybe they are selling it because of that. In the end, we are going to end up with a movement that much is certain.

These type of periods do matter for the time when it happens but to be fair they do not matter at all on the long run and will not matter, we need to make sure that it is not going to any different situation anytime soon, we will go higher eventually no matter what happens.

Bitcoin will surely return to the price of $30k and even more. For now, make sure you hold onto your Bitcoins because the price is now dropping and there is a possibility that another drop will occur. Although the reason for the dump is known, if you don't do anything during this downturn, you will regret it when the Bitcoin price increases again.

Don't think too much about the current market conditions. If you doubt the market movement, leave the market for a while and come back after a few hours or a few days. We have more time to buy Bitcoin at low prices, so use it before it runs out.

And, the halving is closer and if you don't have Bitcoin or have not accumulated a lot of Bitcoins yet, do it now lest you regret it later. The clock is ticking, and the decision is yours.

but what about today actually since this week started?
do you think that we can still call this positive movement ? reaching 30 isn't much to happen
at least not this month because of so much happening
from Elon Musk to US government.

Its not guarantee with halving time is closer but current Bitcoin price still drop drastically and FUD when issues Elon Musk selling his Bitcoin investment can't stopping many people are panic for selling their bitcoin and automatically drop to $25,000 last week. No doubt with potential price for Bitcoin raise above $30,000 without several weeks later, but if not any bad news or FUD easily for Bitcoin raise to higher price.
Current condition need time for Bitcoin back above $30,000 although its not difficult but we need waiting when positive news publish and Bitcoin has chance raise up again.

I don't expected with halving because left many months later, looks this months not possibility for Bitcoin will raise above $30,000 and hope next months any good news can give chance for bitcoin up to higher price before halving closer will make bitcoin up drastically.

Strange but True. It's just a market scenario, and so be it. However, what should concern us from several moments of events in these 2 days is preparing fresh money to continue to be able to add to your BTC collection if it exists. So, if not, we will be wise spectators when the market begins to return to normal and the long-awaited season suddenly arrives and  Who can guarantee that BTC will rise and not fall again after the correction 2 days ago.

One needs to worry less about bitcoin price if not you might be tempted to sell believing that the price wouldn't recover again. We shouldn't forget that the market currently is short of liquidity which is causing the price of bitcoin to dump to the extent. I know that the price will pump back again in no time and would even go above 30k ,but I don't know the actual time.

Don't panic and sell but hodli to your bitcoin and if possible use this time to stash your bitcoin portfolio because we will have some good news on the price,and those who panic and sell will regret. Only the strong hodlers will smile at that time,and don't forget that we will approach the halving next year and it will give a good pump to bitcoin price.

Why is Elon mentioned when bitcoin price dropped in the past few days? It's not like we have a lot of proof that it's fake news and has nothing to do with him, he's not the cause of that drop.

But it's funny when someone makes a firm statement about bitcoin when we all know that the future is unpredictable. Just like the sudden drop of the past few days, I don't see anyone who can make a prediction. It's all just a wish for bitcoin to rise and speak his mind, not a well-founded prediction.

It's because Elon used to be the one of the biggest support of bitcoin, together with Michael Saylor, prior to his shifting his attention to Dogecoin. And him or at least his company has been confirmed to bought large amount of BTC. And it supposedly that they dumped it that's why the price suddenly goes down.

That is true, but there are speculators who loves to find the reason for the current dump and maybe Elon Musk is one of them. But when everything has settled down in the last couple of days. We found out that it was not really him, but the problem is that about of the market's liquidity.

It's true that after the price of bitcoin goes down, it usually goes up again hence right holding now but long term investment will yield good returns. If the price stays above the trend line, then the bullish trend will continue and we can expect a renewed increase in the price of bitcoin. If the price crosses the trend line and moves downward, there is a high probability that it may be part of an earlier downtrend a correction in its structure.

The market moves in a parabolic shape so after falling, it is likely to rise again and it can be confirmed that a btc increase is certain to happen. But the question is when will that happen? It will take a month or 3 or 10 months for that to happen, that's what we need to care about. If we are discussing the short term then I don't think bitcoin will recover any time soon and will probably drop more in the coming days as the market picks up on some more negative BNB news.

Right now the bullish trend is still invisible because the price decline is still happening, but I am still pretty sure that the bullish trend will be seen again this year if Bitcoin can surpass the prices it has reached in the previous months of this year. But for now I still think that now is the time for investors to continue to move in buying Bitcoin as long as the decline is still happening, because there is a possibility that the price recovery trend will occur again in the market for this year or before entering next year.

Yes there is decrease in price and no one knows how much decrease will occur in Bitcoin's price but as the negative news are arising suddenly so the demands become decrease as lots of people are selling their bitcoin at lower price without worrying about their loss.

The market is not good enough so lots of people are getting afraid of losing money and most of them denied to buy bitcoin as they don't think that market will recover soon.

Bitcoin has gained the curiosity of individuals in such a way that they always believe in bitcoin investment no matter how much it reduces they will always thinks about their profit and make good use of every situation may be its bear or Bull. During this periods when the price is 26k$ so everyone who believe in bitcoin will choose to buy more as the price is down than previous one.

Must will go Bitcoin price above $30000 today or tomorrow, i think there has no doubt. Bitcoin being popular day by day. And after pandemic Bitcoin has been more popular. Now a days many country declared bitcoin as legal currency. We know Al Salvador accepted bitcoin as a legal currency. So we think that bitcoin price will more up day by day. In past bull session in 2021 Bitcoin price was $69k which was ATH. I think in future bull session Bitcoin price will touch $100k, if it may need 1/2 years but it will hit $100k i think. So not only $30k it will go more i think.

We are investing with our money and we should be realistic, we can be optimistic but not delusional. On what basis do you believe bitcoin will rise above $30k today or before the end of August? I doubt it when the market is full of negative news. Bitcoin becoming more popular or adopted every day will only have an impact in the long term, in the short and medium term there will be no impact. Too many people mistakenly believe that bitcoin is becoming more popular and that the approaching halving will prevent bitcoin from falling further. Let's be more realistic with what's going on, bitcoin has fallen and will continue to fall if the bad news continues to hit. Popularity and halving cannot save bitcoin in the short term.

No one can guarantee what will happen in the future with the market, it's all predictions and speculations that people make regarding the prices of different cryptocurrencies and the direction of the market but we should obviously know that the market doesn't act based on our expectations and there can be a lot of things that make a difference like market sentiment, positive or negative news, important announcements from influential people or authorities.

So, no matter what we think will happen, it is all dependent on the conditions that will occur in the future and that is why we as traders should always be ready for all outcomes positive or negative so that we don't regret not making a right move at the right time later in our lives.

That's how people lose their money because they believe on unrealistic claims where they can easily see a big pumps ob short time span. If they could just check the situation and fuds spreading maybe there statement will be change and stick to more realistic comment where they also say the unfavourable situation that might still continue to occur this month or maybe including the upcoming months. If there's a good news will came out maybe bitcoin will be save from its current condition.

Being too optimistic is not good, in fact it will have an impact on a negative mindset in the future, I am also quite surprised by people who believe in something without any clarity or strong reasons for what they believe.
At the moment we see that the price of Bitcoin continues to experience correction, although slowly but we have experienced it in a few weeks so that now the price of Bitcoin is getting farther from the price of 30k
If you look at what's happened so far this year, then I think we're going to stay on the same trend for a long time to come.
For this year I am a bit pessimistic, but not for the future, in investing we also have to be like that, implement many plans and have to be patient to wait.

Surely everyone is optimistic that the price will soon pass $ 30k, in my opinion the question is when $ 30k can happen? If you see the current situation, it is certainly very difficult to see Bitcoin can pass $ 30K, it is proven that the price since March which can reach $ 30k and then go down again as it is happening now.

I don't think the question of when is actually necessary, especially when one is an accumulator and a long-time holder. We all love to see the market green, but let's not forget the fact that it can't continue being green all the time. The market will definetly show the negative side sometimes too. It's only when one is in a hurry to pick out a few profits that they are concerned with when they can actually take that desired profit and when Bitcoin will hit a particular price.

Bitcoin will reach $30k again for sure; the time it will happen doesn't really matter, but I sense that this will happen sooner than we expect as the market drop happened unexpectedly, so we may experience a similar move in the time to come, as one day a pump can push Bitcoin above $30k.

Such question no one can really answer even those long-timers or the so-called experts.
But we can always predict when is the most probable time, however, don't give yourself high expectations.
Also, if you are here for long-term investments, don't get too agitated with the up and down movement.
Worry if the price is continuously going down and the adoption is getting weaker and weaker.
But for now, it is the opposite that is happening, more people are trying to participate in this market.

Yea, I do believe that too, as if it were ever possible for price to be predicted and experts were to know what the price will be at any given time, then they would take advantage of that, and that might actually have a negative impact on Bitcoin, as everyone now knows when to buy and when not to buy, and no one will ever want to sell low or buy higher, and the market might look different from what it is today.

But the reverse could actually be the case when it comes to you; as your name proves otherwise, maybe you could actually say the exact time, as some already know what time it should be. 😏

Make yourself dont easily believe with thos shit called expert or professionals but rather it would really be that ideal that you should really be trusting your own price analysis rather than on making yourself
that a fan on listening others tips and hints about price in the future which we know that there's no man on this world would be able to know on what the future lies ahead and totally unpredictable since from the beginning. Anyone who do make out claims about numbers then they are really just making those wild guesses and there are some people who do really require out some funds or subs fees for them to snip out
from those newbie traders whom do easily get fooled about price predictions and speculations which its totally random and cant be sure.

Now that we are on the price of 26k as of this moment and that 30k price point is somewhere it is really that a strong resistance on which it cant really be that easily be breached out.
We might be seeing on touching this price once again on this year but still not an assured thing since we know that this market cant really be that so assuring despite on seeing on what
are the things that happened in the past. So its always been wise that you should be setting up back up plans with your trading positions anytime that the price would really be making out some u-turn.

It might look difficult though, but I guess we have seen and surpass $30k already, so it's just a matter of time before we can go back to that price range. Maybe not for this month as obviously we have suffered a huge decline and all other gains have been wipe out already.

But maybe in the last quarter of the year, we might see some change in the price and investors looking very bullish about bitcoin and then we can go above $30k again. So let's see, let this month pass by, I mean we don't want to see a decline but we have to take everything in stride and just remain calm.

I feel like those are all temporary and it is not going to be a big deal. I get that some people do not end up with a good result because they are not used to it, but that doesn't mean that we are going to end up with a profit, it just means that we are not going to profit during this period. It means that we are going to end up with a profit that will be "eventual" and not right now.

This means that we are going to face some stuff that will not be simple and it will not be profitable right now. So, just hold it as long as you can and in return you could be making some profit all the time. I hope that it gets to a point where we could make a profit whenever we can, and hold it until that time comes, if you can hold it then it will be fine.

That is true, $30k has been unlocked several times this year, but it's a bit tough to maintain that price level. We really don't know what's the reason, the only thing that i can think is that is a mental barrier for everyone, meaning once they see it, they will immediately put their sell orders.


We will see, only time can tell and if indeed investors are bullish to be in the last quarter of the year. Maybe historically we are, but market tends to be very different every year so it could go the other way, or the pattern continues.

The way I'm seeing bitcoin price and how  the market of bitcoin is moving on now, if you asked me to compare the price with last year price  of bitcoin I will say that the price of bitcoin is moving higher this year and it will experience more of positive this year compare last years price, the price of bitcoin have not being stable before and it's falling always be higher than its increasing and this year we see small positive in bitcoin  and it later drop in the market, for me we are not expecting the price to continue falling because more investors will come in and the prices of bitcoin will go higher than the current price.

Just learnt about this ETF launch. Notice how price dumped within days of the launch, just like with ProShares back in November 2021, as well as Bakkt launch in 2019, and the infamous CME/CBOE launches in December 2017. Bitcoiners have always said it's a "coincidence" that price dumps after a futures or ETF launch,  but yet again this $BCOIN launch has followed the same bearish pattern as all other launches. I was wondering what had encouraged such an aggressive dump, apart from over-leverage longs in the market, and it seems like this new ETF launch is the answer that covers it.

Still not looking forward to the bearish price action that will follow any other ETF launches on the horizon, there is only the argument that getting them out the way will be better for the long-term. No doubt for the future of Bitcoin these products could well help drive more institutional adoption in the long-term, but for the immediate future these launches it seems obvious by now that they will only generate bearish price action. Hopefully there won't be any further ETF approvals until next year with higher prices and a bit more stability, otherwise we could see price sink considerably lower at this rate with any further ETF approvals.

The price drop from $30K to $26K is a price drop that falls into the normal category and not a very large number price drop in Bitcoin, so the price of $30K is still possible to be reached and even surpassed by Bitcoin again this year because of the move and the time that Bitcoin has to go from $26K to $30K isn't going to be that far although it doesn't look like it will be easier, but I'm still pretty sure that $30K can still be surpassed by Bitcoin before entering next year and I think you still have a very good feeling optimistic about it.

Any movements of price, high or low are all normal. With how volatile Bitcoin is it's not gonna be a surprise if it all fall or pump a couple of thousand dollars in just 1 day.
As we are closely approaching to the bitcoin halving where everyone are anticipating for another bull season, this is where FUDs comes in, people who's trying to drag the price down so they can accumulate more at a lower price - so, it's not gonna be a surprise as well if there's  several negative news that surface and could potentially affect the price, we should already get used to it especially when you're here in crypto space for quite some time already.

I also think that as the halving gets closer, the more excited people get, the more Fuds will be spread. Their aim is to freak us out and sell them cheap bitcoins. Therefore, we must be extremely vigilant as the halving event is only a few months away. Moreover, if bitcoin dumping is even more severe then there is nothing to fear and instead take the last chance to buy bitcoin cheaply. We have come a long way in the harsh bear season, we should not give up when the destination is in sight.

Even without Bitcoin spot ETF, I have always believed Bitcoin will go beyond $30k. Bitcoin has peaked at about $31k this year or thereabout, so it shouldn't be a problem for it to go beyond 30k again.
When the price dipped recently and got to 25k, I was still optimistic that it would get back up to between 30k and 35k.
Now if these analyses of yours are correct then I can say with a certain degree of certainty that Bitcoin will get up to and most likely go beyond the $30k mark.

I also believed it would and it didn't last or even get past it, only lasted for almost a month if I'm not mistaken. It only clicked $31k ones and has never surpass that amount, my hope was that if it gets to $32k then $40k should be the next but it didn't happen that way.



The main target should be $30k and it has to last or even make a drastic move to $31-$32k before aiming for $35k.
As it is the price is not encouraging to me, is best to see it at $30k...
To me that's how it should be because is like the price is letting traders know that is time to bump higher than it is so is best to wait.

Yes, that was the biggest that we have right now, and If I'm not mistaken, we have achieved to reach $31k twice already for this year. The problem is that it is not sustainable, that's why the price goes down again and again. At if it is a mental barrier, that once the price has been reached, it will suddenly go down as speculators are selling.


Oh well, that's the best thing that we can do, hope for the best and that's what really happen as it rally again above $25k because of some positive news. But we should look at least for the end price this year. Might be above $30k in my opinion.

September will give us solid ideas about Bitcoin price. After the recent good news, the Bitcoin price rose but stopped again. I don't know if the price will drop again or continue horizontally. It is too early to predict the end of the year. In line with the news that may come in September, I think it will give an idea about where the price will go at the end of the year.

These levels still create buying opportunities for Bitcoin. Last time we saw how fast the price increase was. Buy Bitcoin and wait so you don't fall behind when Bitcoin price rises.

Most likely, September through October bitcoin will move in the 25000-35000 range. Very much these figures are attractive for recruitment by big players. Perhaps by the end of the year bitcoin will reach 40000 - but no one can say that for sure. We have to remember that soon - halving.

It is said that the approval for Application X to add cryptocurrency payments is the reason behind the price increase that had taken place days back from the range around $26k to the price close to $28k and once again got dragged downward. Maybe similar incidents in the upcoming days could push the market, if not it takes time to build good resistance and get pushed.

The news you mentioned is the positive news we have but I see Doge as the coin that benefits the most from it, not bitcoin. Bitcoin's sudden recovery is thanks to Grayscale's victory against the SEC and this is considered a major victory for the cryptocurrency industry. With this victory, we can expect the SEC to be less arrogant and unreasonably oppressive. But this news is not enough to push bitcoin beyond $30k in the coming days, I think bitcoin could reach $28k before correcting again.

The OP made this topic on 16th August and it seems that the bitcoin price has neared 30k since after the post. The bitcoin price is still within the range of 15k to 35k, so it will not be difficult or surprising if we see 30k before the dawn.
The speculations I always kick against is the one suggesting that bitcoin will make $80k or $100k this year. We know that nothing is impossible but it is the bitcoin bull run that will take the price of bitcoin as high as 100k from the range of 25k

I think that speed of getting to a higher amount have dropped drastically and I don't think getting to $30k as expected by the end of this month is going to be possible because to me it looks like it will only be going up to let me say $28k and back to $25k.
For Bitcoin to rise to $30k or more than with this current dip I think is going to be in October or better still by November.

Until a few hours before the July close, $30k was still the strongest resistance for bitcoin to break since the correction. I don't know exactly why bitcoin is having trouble keeping its price above $28k, but some assumptions like panic or selling of most day trader holdings are also to blame. The main impression about the current market situation is that bitcoin loses value too easily, but I believe this situation will improve in the next month.

It's not a range because so far this year bitcoin hasn't even touched $35,000 meaning it's still a long way from hitting resistance to $30,000 let alone $35,000 although you wouldn't be surprised but a $10,000 spike in a flash never happens.

Yes speculation of 80k or 100k this year is overkill though that's nothing against it, a 3x increase takes a long time, hoping for a halving is possible but that will take time to surpass as well.

Probably realistic is the $40k range by the end of this year.

Another example of how these forecasters know nothing. He predicted an uptick and got the opposite. I don't follow anyone and I don't watch any of these predictions because they're usually wrong, whatever they say. The only thing that seems to be consistent with these guys is that the ones that scream the loudest are usually the worst.


It takes very little to make bitcoin go to 30k because of a very limited number of coins on exchanges. It's the lowest since the 2018-19 bear market, and since that date we've mined more bitcoin and established more exchanges, so just think of how many now hodlers had to take their coins offline. We could literally go to 30k in an hour if a large buyer came in.

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

so that is the reason why the price drops back to 26k level today?
from standing above 27k for 2 days? https://coinmarketcap.com/currencies/bitcoin/ actually it shows that it may drop to 25k once again , and this seems to be how before halving season scenario shows?
or the increase recently is another trap before the price continue fell into 20k?

I don't hate this kind of market situation as much as I could, but it's still not something I really expected. The market is expected to recover gradually and maintain its good trend so that resistance can be broken, but in fact the market is very easily influenced which in turn makes bitcoin lose value easily. $28k didn't last more than a few hours, it gradually fell until it almost touched the previous price level of $25k.

Of course this is a bit strange and not fun at all, but that's the unique thing about free trade that can swing without any control from one party or group. Some whales are happy with this market situation because they are a group that has strong financial strength to accumulate more. I am determined to hold and avoid panicking as much as I can, meaning I don't want to sell low and want to continue holding for a long term plan.

If anyone is thinking that the SEC's recognition of the ETF will bring Bitcoin higher to $40,000, then the person must be a joker of the century. Even if they approved it, the news will spike it and will still subside over a short time as this is just overhyped by people, not that it really has that much importance on Bitcoin and cryptocurrencies that are already inculcated in the mainstream of the financial market. The market could be delusional, which is why news like this and the expectation from people would be moving the market. But in practice, if they eventually approve of it, the effect might not be as much as they thought.

Technically and with the news surrounding cryptos thus far, it will surely get past $30,000 again this year but certainly not up to $40,000. The resistance below the level will be too powerful for Bitcoin to breach higher.

You mean you knew in advance that bitcoin would drop in price even without news of the SEC rejecting the ETF?  so can you tell us whether bitcoin will go up or down in the coming days according to your vast knowledge?  because I was also quite surprised when I saw bitcoin back to its old price a few days ago and the reason I just found out is that the SEC rejected the ETF.  I don't know if this is a trap or not, but I feel the market is being manipulated rather than evolving naturally.

Haven't check the price though, and so I was quite surprised to see it going back down -5% to $26k? What happen? is this manipulation or there was some bad news again causing the market to panic and so we have a huge sell again?

This is just the start of the month though, so anything can happen. But when I thought that $27k was strong and there was support along the line, suddenly the price goes down nose dive again, not good at the beginning of September.

If I look at the chart graph today in the trading view, it is below 26k, which is around 25k more than its price. And based on my analysis, if it falls below 25k, it is possible that it will continue to decrease until 20k, and then it will bounce again gradually towards 30k. This is the thing that I see happening when it happens: liquidation, but I am not sure about this,  it is just my assumption.

There is only one thing, and I am sure that there are many people who are positioned in the things I have mentioned: it is still a bit difficult for us to get back to the so-called uptrend because obviously we are still in the downtrend.

We have been getting contrary opinions on this, but base on my own research as well, we may truly be on dip right away but i don't think it's something that will sustain last for a long period than we thought, also the market may not go further dip below $25,000 we would rather be moving ahead gradually till we are getting closer to the $68,000 all time high then we continue to launch into the bullrun experience after which halving would have taken place against next year.

We're badly bumping down which reaches $25,585 at the CMC at this post. It looks like a bad condition for Bitcoin and for the entire market. However, despite the decline I wasn't thinking that it would reach back close to $20k but it might be possible for $24k.
Well, anyway, it is just to know that whatever happens in the market, I will still hold my Bitcoin until the next bull season comes so I don't need to be worried about it. It was really hard to predict what would happen next which is why we kept ourselves ready and remained calm.

Not sure if it is the main reason, but it could be one of the possible reasons. Bad news always bring fast impact to crypto market, specifically to Bitcoin price. To be honest, it is difficult to trust any media because the media often spread false news. Yesterday, we heard positive news about ETF proposals. It is just a bit strange if it suddenly turned to be bad news.

Regarding the price of Bitcoin, it is true that BTC price is already drops again around $25k. But I think it is unlikely to drop more to $20k. We are heading the end of this year, ideally BTC price should begin to increase gradually toward the halving schedule in the next year.

If you still feel optimistic enough to continue holding and saving Bitcoin until the next bullish season arrives, that means the price decline that is currently occurring in the market is not a problem that you should consider even though you may always see it in the market. However, if you still have spare money that doesn't bother you for other things and you can use it to buy Bitcoin, I think that's also the right thing for you to do now if you still want to buy before the next bullish season arrives.

As of now the market is continuing to move on the bearish path. We should be ready to make the possible investment than thinking of whether the price will bump high or not. For now it is really hard to make a prediction on the price of bitcoin. Days back a bounce happened and the same is connected with the application X and now once again the market have begun to crawl downward. Maybe this can touch $20k or could move towards $30k, we need to be careful with our plans.

When bitcoin price recovered slightly, everyone was confident that bitcoin would continue to rise but when bitcoin decreased slightly, people started thinking about decreasing the price. I see a lot of pessimists that bitcoin will drop to $20k instead of rising to $30k and I see one thing, the market always goes against the crowd.

Not only now but the market has never been so easy to predict but I would go against the crowd, when everyone is negative about bitcoin dropping to $20k, I think that's when bitcoin will recover.

Everyone is making predictions based on their own thinking and analysis, which direction will the Bitcoin price go? It is natural that whenever the value of Bitcoin increases, people start thinking about the higher value, and when it falls, they start thinking about the lower value. Desperation is spreading, as Bitcoin is repeatedly touching $25,000 and on the other hand, the issues between Binance and the SEC and a lot of bad news are currently affecting the market. September has often not been a good month for the cryptocurrency market, and market crashes are often more likely during this month. It is true that when people have high expectations, the market goes against it, but often the market also falls in line with people's expectations and predictions. Maybe you're right and the market goes against what the crowd expects, and goes up to 30k instead of falling to $20k. We all want the market to go up instead of down,because we have been seeing the market falling for a long time.

In the last few weeks, the price of Bitcoin has continued to experience correction and it happened slowly, but in the last few days there was a slight dip but it didn't last long.
Currently, prices are very difficult to predict, but I am sure there will be no significant movements, so everything is still possible.
It is possible that we will return to the price of 30k and it is also possible that this decline will continue, so we must apply our respective strategies to take advantage of this moment to take profits.

I think nobody really "knew" it, they may have predicted it and some people were right, the ones who said it will go down were right, and the ones who said it will go up were wrong. But that doesn't mean that it will continue like that, it is not going to be that simple. We need to make sure that it is going to end up a bit different in the end and we should be careful about it as well.

I do believe that it is going to be tough, but it can't be impossible neither, it should be important in that regard. I do believe that we could end up with a good return one way or another, and it didn't happen that way, I think it should have been going up right now because ETF doesn't matter at all and the future is bright for bitcoin.

No one is saying that SEC approval ETFs will help bitcoin reach $40k immediately but it will clearly have a positive impact on the market even though it may only be short term as you stated. If you say that ETF recommendations have no impact, why do so many people expect that? The market even reacted positively when there was news that the SEC lost the case against Grayscale also related to ETFs?

I have no prediction on where bitcoin will go in the last months of the year, but I would like to know how can you be sure that bitcoin won't hit $40k before the end of the year?

It just shows how volatile the market was, one day we thought that we are out of the woods when we go to $27,500. But at the start of the month, suddenly the price dips, goes to $25k, but hopefully we can maintain in the highs and not go low as there are chances that it can go to $24k or even lower as the morale of the market is on low.

Not sure how we could get and take profits when the market is down though. The rule of thumb is to sell at high so that we can maximized our profits. Unless you really need some fiat money for emergencies, it is not recommended to sell at this point.

Therefore I also often emphasize to some of my colleagues, use money that will not be used for other purposes, because clearly it will be very troublesome for us in the HOLD problem, if we use money that we do not use for other needs. then we will not worry too much when we see very surprising price fluctuations like now. Now bitcoin is down and I see it is at $25k, from the confirmation of the trend that occurred in my opinion this is the lowest point, meaning that the price of bitcoin has reached support as before, and by looking at the indications that this has happened then I think the next few weeks the price will go back up. this is according to my assumption after seeing the formation that occurred.
But yeah right, like you said, we can only pray that the price is bullish again so we can get back into a profitable position, maybe there are some of them who want to take it, so stay patient for something bigger.

I see Bitcoin surpassing $30,000 but not immediately. There are too much noise on negative fundamentals making the direction of the market undecided. People will flow in with buy pressure once they understand the direction of the market, except for people buying Bitcoin as store of value, the institutions are actually enjoying the consolidtion as it gives them enough window to fill their bags.

Yeah, compared with those who are keeping on refilling their bags, the market still showing undecided directions, making it hard
for investors to throw their money inside.

Most of those day traders are having difficulty with how the market is moving, reaching $30K is still possible
and it's not that far to happen.

With the expectation of this upcoming halving, we may see more fall before the market will decide to pump
strongly and bring all that support to continue the rise.

I missed seeing that level mate, 2 weeks ago I also aiming to see bitcoin breaking more than 30k as the price tries to break away from that level sadly, now as we are closing August ?
it recovers a little but still hardly to pass 27k and seems to be stagnant now.
lets have a complete belief that recovery will come in the coming days.

August has passed in a few days and we are almost at the end of the first week of September, my friend.

Bitcoin shows no signs that it is attempting a recovery, what I see is that it is slowly falling out of the $26k resistance and moving towards the 24k-25k area. The situation is not good for those who expect bitcoin to hit $35k this year, but those waiting to buy cheap are feeling excited.

Bitcoin is truly unpredictable and many people continue to make false predictions about what has been and is happening. Personally, I don't want to predict anymore, I will plan for myself. If the price goes up I will continue to hold what I bought, but if the price continues to fall I will try to buy a little more.

Slowly price have dropped from the range of $29k when the expectation was to cross $30k and reach the new barrier of $35k. The regular fall in the price have made the price go close to $25k. Inbetween there happened small recovery and there is big expectation it as the beginning of bullish movement. Further once again giving short term profiting the market once again started to drop. I don't think the recovery will happen at the shortest. For now my expectation is connected with the upcoming halving.

The price is some how difficult to know if the will move back to $29k at this point in time because there seems to be no sign of it bumping at the moment.
Investors are not finding it funny at all, new month and another expectation. $25k for almost 3 weeks without it rising to $29k. To me if it gets to $29k I believe it won't go back to $25k and that will be the last time we'll get to see $25k.

Despite this fall, we are still optimistic about the market and what the outcome may turn to be anytime soon because from research, we can see that in some cases, the market dips whenever it's planning to rise and this current bear isn't the first of its kind, we have been having it on several occasions but as long as the attempts to pump is always attacked by strong resistance to limit the rise back to bear, it will soon get to that period the resistant couldn't hold anymore and the whole thing will outburst beyond the limit till we get to the $6,000 all time high and beyond with time.

Maybe what you meant is long run. Yeah, that's why we should be looking for not, this short term dip because we all know that bitcoin will always had the tendency to recover and bounce back from any dip. Just like last year, we have seen lowest low of $15,500 and yet despite that, we move past $30k this year.

And with $25k that we have right now, it is still good as compare to last year. But then, we will have the block halving for this year and so it makes the market very positive long term as we will look for the bull run, in the next 2 years.

True, it's still a red zone with a Fear & Greed Index of 35 and a decline in the last 24 hours of approximately -1.41%. I think the strongest support is at 25K, if it breaks it will be a different story. But, my assumption is that the recovery for BTC will come quickly because the whales, it seems, are still smiling and continuing to increase their BTC holdings by accumulation.

Yes. All (6 companies) are waiting for the announcement of the postponement of the submission of all ETF applications which is currently having an impact on the price of Bitcoin (BTC) which is increasingly falling due to delays from the SEC.

The frequent volatility in Bitcoin market is what have lead to some many dissatisfaction to investors mostly those that have already speculated and bought into the market for the short term reasons,  this have become the reality and we had to face it,  when the price of Bitcoin was around 30k,  we all speculated possible both way market movement,  such that anyone buying at that point should be prepared to hold Bitcoin for the long term to be able to take proper advantage of the market.

Making a short-term market speculation could lead to very devastating results such as we have at the moment,  Bitcoin will recover back to 30k but when that will be,  no one can specifically speculate.

I'm more interested in how long the recovery will be, rather than where the drop will go if the 25k support is broken. I think Bitcoin will recover soon because as you said, the price of Bitcoin for whales may not be at the buy level yet. It has been giving me the opportunity to buy Bitcoin for a long time, but it is difficult to predict the desire of the whales.

SEC, Binance, ETF issues are obviously going to take a long time and I don't want the market to be drowned in this uncertainty. It will be good for all bitcoin lovers if some things happen right away.

So far there is no sign of recovery in bitcoin price but I am optimistic that it will happen soon. Bitcoin has lost a lot of value in the last 30 days and this is basically normal. However, I don't expect bitcoin to continue to lose value this month and into the end of the year, but some bad things could have an impact on the decline.

To this day bitcoin is still holding above $25k which is probably not strong support to say the least. If bitcoin falls below current support, then I believe $20k will be tested as new support. But I hope not and bitcoin is expected to recover soon and break its resistance.

Well bitcoin reaching 20k mark is not wanted but it can be utilised for good use because that mark can be of great use to accumulate more stack of bitcoin where the price is low the value and digit of bitcoin for any price of bitcoin you will buy compare to when the price is very high. But with the halving close by I don't believe the price is going to fall that low again although there is no certainty as these are just mere speculation.

Because of this temporary situation most of the people are doing blunders and then they are sad when realize the reality. If one are unable to get profit then it refers to the fact that he will not taking right decision in right time so always wait for the perfect timing.

Holding is a perfect way to overcome the chances of defeat and whenever you stop taking wrong step in the condition that are against you and keep waiting so this patience will become a key towards your success and you will be happy through your wise move.

The general desire that whales have in mind is to buy at the lowest possible price and sell at the highest possible price because the core goal of what whales do in the market is to make more profits so this is also starting to be followed by many people because it has considered as something that is very suitable to be utilized in current market conditions.

And it would be even better if some of the problems that could affect the market for the worse could be resolved in the near future so that market conditions could be much more stable with the influence of many people returning to the market to buy Bitcoin. I am also not happy to see the market sink this year and still hope that improvement can occur early next year.

Domino Effects that will be felt from Halving are the beginning of this year's Q4, for this Q3 closing I think it will get a stagnant movement for BTC, but if the Fed gives a good sentiment on the market from the results of the meeting it might be another story we can recover prices to $ 26 K is more.

$ 30k+ at the end of Tahn is more likely to be in my opinion for Bitcoin to get it, so from that it continues to gather Bitcoin as much as you can while the price has not peaked back to the level of $ 30k+.
There will be many events before Halving Bitcoin that can pump prices that move significantly in the cycle this time, just look closely. ::)

What's really the hold up in the price rising because earlier this year some see the price to be above the current price even up to $40-$45k and up till now is like there's something holding it and who's holding at the moment has given up.
What's the best advise to be given to investors who thinks the next bull isn't coming anytime soon but from next year?
To me I still have faith on this whole weak market price with the way it seems Bitcoin price can start rising starting from this week, not a prophecy or something is just keeping the hope up high.

Maybe you too and I have often seen and read the development of the crypto market, predictions and speculation about Bitcoin at this time, indeed one side, Bitcoin speculation is mixed, a little makes Bitcoin users sway like foam in the ocean, it's not clear where the foam will stop, that's for example what is currently felt about the understanding of Bitcoin.

But for me personally this year, is not the best year for me which puts the momentum or conditions of the crypto market in the category of a bullish market, I actually think the bear moment continues at this time, This can be seen from the current Bitcoin price which continues to reach the $25k level, perhaps it will go to an even lower level.

I am sure that a bullish market will occur at the end of this year, if I am guided by some speculations that may be a little believable, especially for myself, that is the momentum that I see currently regarding the Bitcoin market. however, we have a mixed understanding of bitcoin speculation today, they are all the best.

Believe it or not, the bull market will definitely come, but by the end of this year, it certainly needs a strong trend for Bitcoin to reach $30k again.

We will still see a decline in the price of Bitcoin if the $25k support is not strong enough to hold.
And at the end of the year, there will certainly be Black Friday which we know as a day of discounts and every year affects the price of bitcoin.

The understanding of bitcoin price speculation is diverse and many things will affect bitcoin.
The trend may not be the same as in previous years.

If you have that trust better to buy and hold while the price is still cheap, if your analysis is right, then expect to earn decently once the market begins to pump back and rally high.

All depends on how you trust and understand the market and how willing you are in case that another
dump takes place, how you will survive and how decide your investment.

In cryptocurrency Market the things we the investors should understand concerning bitcoin investment is that Bitcoin can not increase without the investors queue in the market, the genesis of bitcoin increment started when the price or the supply is lesser and the demand is higher than bitcoins the supply, that is the thing that makes bitcoin market rise to big levels, so we the investors we need to know while market is increasing and while it reduces in the market, so that during our predictions we can be specific to our predictions, bitcoin will rise above the expected ratio given but it determines by the investors and the Market regulations

@sexylizzy281, I believe you have already heard what @pamadar said, accumulating more coins in your assets and also holding for long. A wise investor doesn't even think of how many coins he's buying when he has the money to buy them, because it is true that after accumulating the little we can, when Bitcoin rises we will get more than what we invested. Sometimes, we even gain back the once we lose, we also get it back more especially when we are on the bullish season.
I believe that since Bitcoin has already reached $40k before, this time will be more than what it was then.

Yes, just like in the last 24 hours, prices are down again and what's scary is that we are in the lows $25k, been a long time since we have since this price though. On the other hand, as you have said, best to acquire and then just hold it for a while or at least wait for the bull run next year. Exciting times ahead.

Regarding the bull run, history hasn't failed as yet, so I do not think that you have to worry about what if the next bull run is not going to come. If that is the case they still though, good to hold and acquire cheap bitcoin, and just wait for it to go up.

I tend to agree with your last point; accumulate now and wait until the price goes up. It is true that current market conditions are very unstable and tend to be easily corrected just because of some negative things that are happening out there, but I am sure that the halving that will occur in 2024 will encourage more demand which in turn will make the price of bitcoin even more expensive.

At this time all investors need to be patient and maintain their long-term investment plans. The accumulation stage is still continuing and they need to maximize this opportunity to accumulate, but of course as long as they still have a budget.

And that is why we say that indeed in crypto investment, we need a lot of patience and practice it diligently.
Otherwise if you just always look for short term profits, which is not bad, don't get me wrong, but we should look for the bigger picture here, long term investment is the key in bitcoin investment.
So for now, accumulation is the key, the price is < $30,000 and we don't need to be a rocket scientist to understand that it is still very cheap.
We don't need to buy 1 whole BTC, simple DCA and we will be good with that strategy.

That's really the only thing to do in this era, especially now that the volatility of Bitcoin and other cryptocurrencies is so aggressive that it's very difficult to keep up if you do day trading in the crypto space. Especially if you don't know enough about it.

So, what is the best thing to do, then? Of course, it is said that it is better to save while the market situation is not good, and at least in this way, think that you are accumulating savings for your future, your family, and others. But if you can do it short-term, it's fine as long as you know what you're going to do.

The $30k price is small compared to what is coming actually, investors should just buy and hold and forget till 2025, what is coming to Bitcoin is bigger than any of us can imagine, I personally believe that the coming bull run will see Bitcoin reach the price of $100k and above and later on becoming stable at $50,000 and maybe above ..

A lot of institutions, big and cooperate companies are gonna invest big in Bitcoin once Bitcoin ETF is approved by the security and exchange commission(SEC) for the major companies applying for for it, the best is yet to come as long as it's Bitcoin we are talking about .

Better to keep holding and if you still have enough spare, it's also possible to buy for more and maybe lessen the chance
of dealing with day trading or any future trade position.

The market is so volatile it may harm your investment if you don't know what you are doing
while placing your position.

It might go in any possible direction better to anticipate and make your decision when you
already reached your target.

The best solution now is to accumulate and keep holding. The market is very volatile although there are opportunities to gain short term profits, but I think holding and staying away from the trading plan is the most advisable option. Market movements are still very slow as far as September goes, but we never know how it will turn out because there are still 2 weeks to see the difference until the end of this month.

When they have decided to invest, they must be able to maintain their plan in the long term, not ruin it for one reason or another. Good planning will benefit them in the long run, including having a reserve budget for urgen needs.

In context to the upcoming halving I find it to be the right time to hold than just getting into trading practice. Being into trading will give the choice of increasing the holding volume. However it have got th risk associated with it. Not everyone able to tackle if things happen in an unexpected way. For now the prime focus of each and everyone is about the halving scheduled for the upcoming year. With everything in mind we need to be good enough to keep things planned and execute it well. Market is moving in a stabilised manner which assure $30k to be reached in a slow manner.

Today price is crossing the 50 day average, our strength and ability to stay above these gains not just recycle and repeat prior price action is a good way to decide if 30k is possible in future.
  Whats happened in the last few hours is a retraction and reversal, I wouldnt assume its failed in the positive action just yet but how we finish today on the daily bar and more importantly the weekly bar in 6 days will matter more.   Ultimately we have to expect BTC to just repeat, it does this often but also Im open to new moves higher if it can consistently gain.
  If I go off an indicator like OBV which can try to collate volume, I'd look at the highs of Sept 12th as our line in the sand.   If we should push 26800 then expect further weakness and if this is the lowest we go today from now on be slightly more optimistic as to the overall move and higher aspirations.

You can will gain from short term but you will also get deprived of your money in short term so that's why focus on investment instead of short-term trading. Investment for upto four years is an advantageous timing because whenever Bull season will come about you will see this lucky occasion and will stop to regret.

slow but sure movement towards Bull run of market is obligatory because this little up movement will give you economically successful reaction. As it reaches again to 27k$ from 25k$ so without doubt it will again touch the value of 30k$ and more therefore bitcoin shows as always that it never remains in one state but recovery process is confirmed.

Well I do not think it is a question of if BTC will go to $30,000. It is just a question for us to wait until we will see it at this price. And we will be rewarded for it.

We can make speculation for this question all we want to. I think there is some big things going to happen for BTC and we will see some big profits. If it does not happen this year, well then after the halving in the next year.

Not everyone is capable and yes, the chance of increasing your holding is possible, but same with that chance, you are also prone to losing your investment when you mistakenly anticipate the market.

Better to keep buying with your spare and keep it in a safe wallet while waiting for the market to pump
up as the upcoming halving may bring decent hype with the coin/s that you are holding.

Research shows that the Bitcoin market will definitely go above $30,000, it will never remain stable. Now the market position is not so good, but we can be sure that the bitcoin market will change soon. We went above $30k a few months ago, but again due to a push, others came down and touched $25k. But right now the market is moving slightly upwards, so we can be sure that the Bitcoin market will touch $30000 next month. And when it reaches $30,000, the Bitcoin market is likely to grow further, and the price of Bitcoin will go above that. And slowly the bitcoin market will change and next year we will see bitcoin halving, then of course the bulls will meet.

There is nothing certain, the price of Bitcoin is currently in a positive trend, in the last few days there has been a slow increase but there is no guarantee that it will reach 30k again.
If we look at the Bitcoin price throughout this year, the price of 30k is a very strong price and we often see it, even though there has been a correction again so I think it is not impossible that it will come back again because winning the price of 30k is very strong for Bitcoin this year.

Never use the word "sure" with bitcoin when you have nothing to prove what you say will happen. Although the gap from $26k$ to $30k$ is very small and not difficult for bitcoin to overcome, so far, we have not been able to surpass it even if we previously maintained the $29k level in quite a long time.
Even if bitcoin can reach $30k next month, there is no guarantee that it will continue to rise. Don't forget this year bitcoin also touched the $31k multiple times, but it couldn't sustain it for long and has dropped below $30k so far. It's impossible to predict what will happen next with bitcoin.

that is definitely  A non knowledgeable comment saying it is sure to happen when they cannot specified when it will come , market keeps moving of course , it may be bullying in after Halving? yes it can but still there is no assurance not until it happened.
maybe some people are just too desperate to see it coming, or just wanted to have a word of good but has not known to prove the fact.
bitcoin have served us for how many years, making bull movement every 4 years but still there is no assuring to everyone it will come like that.

The potential for Bitcoin prices to return to $30K again this year is still very possible even though the increase still tends to be slow, but I think it will not be so difficult for Bitcoin to return to that price as long as Bitcoin continues to have fairly good support in the final quarter of this year. So you don't need to worry about the increase in Bitcoin prices, because if you don't see a sharp increase this year, maybe you can see it next year at a better moment.

I think the price of $30K is very close and quite possible to happen this year, it's true as you said I don't think there's any need to worry about that increase, if we see the positive trend that continues to occur now even though slowly then the price of $30K is quite possible to we'll see again.
And I'm sure if the price is only $30k, we don't have to wait for next year, I'm sure it will happen this year, hopefully.

If we look at this year's price chart then the highest price of bitcoin was only around $31k, and I still remember it lasted less than 24 hours and the market fell again, and now the price around $26k and I see like a puzzle that was difficult to solve so we had to be patient to see price increase this year.

Yes. The market is not always predictable as the BTC Price is constantly fluctuating, the best trade is one that is ahead of market expectations. I think it's not a mystery because it is still trading sideways but what is needed is to maintain psychology and continue to monitor the current market and I am sure that the end of the year the price will be more encouraging and many are predicting it will reach $50K.


Everything requires a process and there will be many eyes watching and monitoring prices, especially at the end and beginning of 2024, both professional traders and beginners too.

The current top for this year doesn’t reflect the limitations on how high it can go this year. If you will use Bollinger Band indicator on monthly basis. You can notice that it sits on the middle channel which means there’s a chance to pump more higher than 31k this year.

Also Bitcoin usually start to make strong move on the last quarter of the year especially Bitcoin halving is already around the corner next year. There’s still chance to see some price explosion once everyone unites to become bullish due to the halving.

For me $30k is just a number that bitcoin can reach at any time, will it reach it, when? It is not known but it may be that things start now, the price is at $27.8k and that does not mean that the price will stay there, some say that they find the market boring, but I prefer to see it so it goes down and stays down , it is better that the price continues as it is and that this week there is a nice rise in price, the things that can be good when the price stays there do not go down and if it goes up it stays the same, for me it is more comprehensive if it does it that way way , it is less likely to fall ugly.

What about market sentiment? I don't see a lot of confidence in the market at the moment, most retail investors are holding back and probably expecting a traceback later this year because even if the halving event is next year, we might still see a lower price while moving into the new year.

We didn't really see that happening on a lot of occasions, and we hope it does this time but the possibilities aren't aligning that way and it seems that the price will keep going sideways for the remaining couple of months and then we might see some movement at the beginning of the new year.

We've reach it already, and if I'm not mistaken, twice for this year, so yeah it's not a number that we can't breach. The problem is that it's hard to sustain it, because once we reach that price, it will go down suddenly. And obviously, this are round numbers and speculators are waiting for that price to reach and then they are going to sell to make short term profits. But currently in the last 24 hours, prices is up 2%+, we are now at $28,400 and most likely if this is a true rally and not a manipulation, maybe at the end of this month, we can get closer to $30k. So short term, or at least at the end of the year, $30k will still be the barrier that we need to break.

I too believe that there is no good sentiment in the market. You can see that people are not buying cryptocurrencies, so the bitcoin price is either falling or staying in a sideways movement. Although the bitcoin price has doubled this year, there is now a possibility that the bottom will happen again, especially if there is negativity in the stock market.

Now we have tasted $30,000 as the market rises yesterday spontaneously, though it was believed to be as a result of fake news, yet we are more desperate to see the market pump even beyond this as we are getting closer to halving, more of these should be expected either from the news event trending or from the way the market demands increases or decreases on bitcoin supply, this makes October a month where $30,000 or more is very possible for the market to attain before November.

Why should we despair, it is clear that it is fake news caused by the media, and admit that it was wrong.

Even though the fake news was published yesterday for a few minutes and later deleted, bitcoin still seems to be in a safe area - I feel $28K and above is quite good because of the positive response before even though there was negative news that was exciting it didn't make bitcoin return to the $27K area is clear the market can still maintain the price.

I'm sure this trend will not be much after the halving happens then it will trend more than this, although in October many are expecting $30K there is still room to get there with the remaining time available.

With the FOMO created in the market in the last 2 days, many expect BTC to be bullish very soon. Moreover, if you look at the previous history of BTC, you can see a positive trend during this period. However, recently, various comments have been made around the approval of Bitcoin ETF. If the Bitcoin ETF is allowed by the SEC then the price of Bitcoin will undoubtedly go up to 40k or more. No ETF has approved yet but everyone around the market is paying close attention. Market can be bullish anytime. A final decision on ETF is likely to be made by next January. I think bitcoin will cross 30k before that time.

30k level shows significant resistance even after such news. It will not be straight up to the market. There will be more ups and downs in the market and to make matters worse there can be a shake in the market to create panic for those investors who were patiently waiting for the halving. October is a month of bull so I won't be surprised if we see another correction in the months of November or December.

Yeah, everything was fake then, the rise because of that news from cointelegraph. But it just shows that we can reach that price again if there will be significant and true news like the approval of Bitcoin spot ETF.

Although the price is still at the uptick of $28,400. And with another 2 weeks or so this month, who knows. Maybe there will be another news, this time it's real that will push the price above $30k and then sustain that right because of that news this month.

While some people believe in the long-term potential of certain cryptocurrencies, it's also crucial to be prepared for market fluctuations. Investing in cryptocurrencies can be volatile, and it's essential to do your research and consider your risk tolerance before making decisions. Diversifying your investments and having a clear strategy can help manage risk. Remember, no one can predict the future of the crypto market with certainty.

Yes, that has already happened at some point. That's how it is with a volatile asset; it just plunged another 28k more. The news turned proven to be a hoax simply because it was false and so many people believed it, which quickly drove up the price of Bitcoin. To put it simply, the information provided by a reputable article site is untrue.

We definitely would have benefited right away if we had known it would happen, don't you think? But even so, as long as there is a chance, we will keep fighting here in the field where we live and gather.

Bullish action despite a negative daily candle.  Its only quite slight but mostly we have registered above prior gains, showing no continued loss from that initial gain.   A foothold might be in progress would could further gains at some point, my ideal here would be to close above 28500 as this is relating to the overall decline from mid July but perhaps not essentially just now for future positive moves.
   Bull flag in short seems fair conclusion, looks better on hourly bars then daily its good movement so far anyway.  Never take short term action as too certain its always risky.

are you really concern about the potential increase such low? that is not even half of the recent bullrun so why care about that nonsense increase when what we need to talk is the potential ATH next year?
you guys keep talking about the increase month after month , hoping that there will be at least 10-20%   growth , why need to seek for this if the next Bull will give us multiple times of those expectations?
maybe coming to climb breaking 100k USD is what we have to look at,
if you are not then sorry but all of us are.

At this stage we're still looking at the positive move Bitcoin price has made in the last 7 days, getting to $28,600 is another positive step up in the crypto world and from the looks of things $30k is some how likely possible before half of next month.
I just hope the price just stick around the current price which is $28k till next week, hopefully it will make a possible move to $29k before the end of next week.

Going by biases on the chart, Bitcoin has tested the 30k resistance twice this year, so it's very possible it will break that resistance soon, after the halving which is drawing more speculations around Bitcoin, it's very likely after the halving Bitcoin would have gathered enough momentum to be able to break above the 30k resistance after which it will move towards the 35k resistance.

It will most likely come back to retest the 39k after which it will move ahead and may never comeback to it by the next bull run, Bitcoin is known for breaking a resistance and retesting after which it doesn't come back to it again especially when a bull run happens, I'm projecting it can possibly spike to 45k and after the bull run may come back to settle at 40 or 38k but I'm very sure it will break above 30k soonest, if am not exaggerating, by January or February next year just before the halving. Then it will get a retest during the halving and further pump there after ( this is not a financial advise.)

If I were to make a Bitcoin price prediction considering the current situation, I would say that there is no chance of Bitcoin price going above $30K. There are several reasons behind this one of them is the current renewed Israeli-Palestinian war. On the other, the market was temporarily bullish due to the rumors about the ETF approval of Bitcoin and after the rumors, it started to bear down again. Moreover, the SEC has said that it will monitor it until next January and make an announcement. It is still doubtful whether Bitcoin ETF will be approved or not. So it doesn't seem likely that Bitcoin will surpass $30K at this moment.

returning to the basic formula, it is market sentiment that has a big influence on the price of bitcoin, there has been quite a lot of positive news about bitcoin circulating so far and that makes investors seem comfortable. Apart from that, the halving will occur in the next few months so there will be many people buying bitcoin for them to hold, perhaps before the year is out we will see the price of bitcoin above $30k.

In my opinion, the Palestine-Israel conflict doesn't have a significant impact on Bitcoin's existence.

As for the recent bullish trend, it's indeed linked to the ETF. Although there's no official news regarding the SEC's decision yet, I believe it demonstrates the substantial interest of institutional investors in Bitcoin. Once BTC can be officially traded as per the proposal put forth by BlackRock Inc., it's highly likely that institutional investors will diversify up to 10-20% of their assets into Bitcoin.

The objective behind this diversification is to preserve currency value and hedge against inflation. In other words, BTC will likely experience a significant bull run before that announcement occurs, perhaps around January 2024 when valid news might be obtained. So, surpassing the 30k mark before the new year is quite plausible.

I never expected bitcoin price to get to $29,500 this early, was expecting that to happen next week but from the looks of things I think is going to be heading up to $32k+ before end of this week. And I hope as it has surpass $28k it won't go back to $27k, let's see how it will be like before Saturday.
At least some traders will rather stick to what the market is bringing other than rely on bloggers who feel they can see the future of Bitcoin price, is best we stay calm and let the market direct us or show us the next price at hand, let's expect $30k from next week.

The future cannot be predicted accurately by all humans because until now no human has been able to read about the future in advance. Likewise with the future of the crypto market and all cryptocurrencies, but everyone can make research through things that have already happened so that everyone can have a slightly clearer picture that cryptocurrencies like Bitcoin are indeed worthy of being called cryptocurrencies that have the future is good through the number of users who are now starting to grow.

So making the decision to invest in Bitcoin is quite the right choice, although on the one hand, everyone must also be able to face every situation that occurs in the market, such as fluctuations and so on. And every investor who has made a decision for himself must have gone through several considerations first by analyzing the risks repeatedly so as not to make the wrong move on something as serious as this.

December should have given us something higher than every other month, at first we weren't sure of getting to $30k and we had that barrier that was holding it back but after sometime we got that bump that nobody expected. Up till now $30k hasn't been seen even when the market price was going down.
Bitcoin price has started coming up again and I feel this is the last time inside this year for it to make any movement either negatively or positively before we kiss this year goodbye.
$44k at this point and this is something we have seen but couldn't surpass $45k, what's the hold up, why can't we really see Bitcoin price climbing up to $50k?
Was expecting $50k before now but the market price started going down almost getting to $40-39k. This is the last shot in getting to $50k before the end of 2023, can $50k be achieved?