Bitcoin Forum

I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC

Bottom is in when the derivatives market is shorting $BTC into the dirt after the brunt of the spot selling has taken place. i.m.o we are currently in a bottom level. must be make an Uptrend from here. what ever it is  this isn't short term game.

This topic belong to the speculation board here: https://bitcointalk.org/index.php?board=57.0
But then Bitcoin can easily make a movement when there is demand and this increase or decrease is demand may be a result of some good news that can trigger the buying appetite of the Bitcoin market.

This is just a short term speculation, it is possible that if bitcoin price rise to $28000 or $30000, there could still be selling pressure at that point which could plummet the price down back to $20000 or below. But this period will favour buyers that have long term ambition to hold, there can be volatility within certain range, but all-time-high would not likely take more than 3 years from now.

any facts why you think this or is it just a "feeling"
I don't see it breaking out of the 20's this year

I'm targeting an increase in price of $28,000 after taking a few entries at the lowest price, it will be very possible for bitcoin to return high for only a few moments for the short term so I target at a certain price.
So I predict it could just bounce back like yesterday bitcoin fell after we expected it to go up but it's better to take better profits than nothing.
This is just for analysis only I allow it to happen.

I think the attempts to liquidate large market players have somewhat failed for the time being.  I'm not sure if they're covering positions and preparing another attack, or if they're going to admit defeat and let Celsius live.  It does seem like they've adequately addressed their liquidity issues for the time being with the pumping of CEL coin.  That relieves the chance of a massive wick downward in the short term.  I'm sure there are some players who are already zombies in the space but haven't been forced into liquidating yet, so there's definitely some choppiness ahead.  I think $30K is starting to look more likely than $10K in the near term, but I'd keep an eye on the next shoe to drop.

Bitcoin will break twenty thousand (20k) and approximately thirty thousand (30k) if time is not taken, because nobody expected the downgrade of bitcoin to be twenty thousand (20k) and even fall below twenty thousand to be nineteen thousand, which it rose to accelerate a little, i believe that bitcoin regulations can break down the bond of twenty and speed up a little.

I'm inclined to agree that a relief rally to $30K is coming. Not convinced most investors will sell again if they haven't already though, for me this is more like around the $40K distribution level, even $50K. It will be a shorting range for derivatives markets though, that much is true. Given it was long-term support for 18 months, it'll likely become resistance now.  I think it also depends how quickly price rebounds to this level however.

This market is indeed very unpredictable. We haven't seen this coming to go down below 20k. A lot thought that it will stop at $30k. But then, as this market is very volatile, you need to be ready whatever may happen to the market. And you should have the list of what to buy or sell in this period to maximize your profits. Or just hold some valuable alts and wait for the market to recover. In this situation, we have our own preferences on how to tackle this market.

And when it goes back to that range, there will be significant bad news about suing from exchanges to exchanges and that shall be the factor to send the markets down again at the possible bottom.
It's always like that whenever the market starts to recover, it will eventually be dumped because of these factors that circulates to the entire crypto market.

The market is growing in a consistent manner without much of fluctuation. The price can reach the $28k to $30k range at the earliest. Traders will get into shorting and the users who made an entry around $20k will also go for a selling around this price point. There can be high volume selling which could further lower the price. If this gets resisted and moves forward. There is chances of reaching $35k. However the market being highly unpredictable makes way for a speculative move than real progress.

well , what you call that is correction but it doesnt mean Investors will sell more than what they bought , because many of us who bought recently are willing to Keep holding again for long term as preparation for the coming Halving in the years from now.
so we just bought at discounted price at least to take our chances in long term .

Right, from $17,500 it's either

a) to down further to $15k range
b} move past $20k and then go towards $30k

And luckily for us, it went on the latter, 2 days of trading above $20k and then even trying to go break $22k but with some resistance. But the last week again will be critical, though, and just like the rest of the previous months last week, it seems there is a downward pattern. So let's see if this will continue as we might see < $20k before the end of the month again and then goes back up starting July and reach $30k.

none of us really understand what will be the market behavior because now that the value of bitcoin is really lowering then there are more possibilities that whales can play the movement.
we can only speculate but no one can exactly tell whats coming.
but if the price of bitcoin climbed to 30k then i will be one of those to sell small part of my holding as I needed some funds in the coming month.

$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

Indeed that those short term or small time trader will take that advantage when the price reaches at least 23k -25k , they have bought at 17k level so why need to wait for that long when they can easily take their fruits in short term.
and also in this Hyping and dumping market now? opportunity knocks every 5-15% increase.

$28k-$29k is the main target for now, anything above that will be helpful for people to go out of the market if they want to. A relief rally is much needed before any drop to the downside. I would say this is the perfect time ($20.3k) to open a long with less leverage and good margin. Let's see how this goes in near future. I am hoping $28k near 12 July.

I would be hoping it goes $30,000 in a month or two. Its just time that we are going to wait for it to happen when those who sold will realized the market is about to change its trend again.

However an speculation from Soloway that it may time for market to go straightup which in the following 6 months from now, the market will go sideways. Just be careful not to use you emotions he advised investors to wait until the bounce will really be shown in the charts.

They are shorting bitcoin again, specially for those who bought at lows of $17k, easy profit for a $22k pump. And now we are in the $20k range and there could be more selling pressure. But just one good news in this bear market might push it to $25k though. Give it over like a month and see where the price will go, I think $25k can easily be breach.

It's not easy as it sounds though, of course we want it to crossed $30,000 or even higher. But going to $17,500 to $30,000? it make take a lot of time and since we are in a bearish cycle right now, who knows, maybe 3-6 months to achieved that? Definitely, the best option is to fill our bags of cheap bitcoin, it is 2017 price so it's going to be cheap and huge potential profit in the next bull run.

The whales have been playing the market all along and these surges and dumps have been part of it. While they're taking the advantage for themselves to take as much as they can.
We, the small time investors and traders have been having the difficulty on how is it going to give us the opportunity of making in here if we're uncertain. But, if you've got a stronger sense and you're good in TAs, you won't worry of what you must do as you've got a game plan.

Well, I have seen same predictions like yours in social media and I think I will go with the flow.  :D Demand will increase as investors may find this a cheap price coming from a $60k all time high. I mean, there will always be that kind of phenomenon where Bitcoin will rise again, we just don't know when it will happen so getting your hands with 1 Bitcoin or half of it is a great idea in case that happens soon.
This will be an easy profit, damn if only I just have the money which I mostly spent during $28k. Anyway, no regrets, just patience and I wish it will come true.

I guess that's where I strategy plays-in, I mean all of us is waiting for a perfect opportunity to buy and it presents itself when it goes to $17k. And just just a bounce to $20k+ so easy profit.

But then again, some of us might not have the capital to invest today. But for me there is no regrets, maybe just planning carefully might help us in the end to acquire at least 1 BTC in our lifetime.

And why not? $30k might be the next bounce for this run for all we know.

The current price is around 20K while 30K is 50% growth on the current price which is not usual for a relief rally. It will be a breakout if the happened because it already broke the psychological resistance which result to fomo buy by retail traders. 25K seems achievable for a relief rally because that's the price for EMA8 line and probably Bitcoin will bounce down immediately once it hits umless the buy pressure is so strong to maintain its buy power above the resistance and established a support there.

But I still believe that 30K level is the price that we might not see in the near future except when something good news occur.

Unfortunately today there is another correction that makes Bitcoin canceled up to $ 22k, even though I am optimistic that the June price will return to the level of $ 30k, before that happens then I suggest to continue to buy because the chance to buy cheap prices will not be repeated.

Yes that’s indeed the truth.
Whenever there is a great demand and when the supply is limited, definitely the price goes up.
Same should happen with Bitcoins. But comparing last 24 hours price, Bitcoins are in 2% negative right now.
Maybe Bitcoins will struggle more for now at this price range?
Unlike others I am also waiting for the bear market to end, so that Bitcoins will reach in a good position in price.
I have also bought some coins in this down time. Hope Bitcoins will not let us down and we will be in the profit at the end of day.
Waiting for Bitcoins to cross again the 40k usd mark.

It's possible it takes 3-6 months to get back to $30K based on past bear markets, even up to 12 months. But also bare in mind if it were to take 3-6 months to get there, then it's more likely price would continue rising to $40K distribution zone, even $50K. In 2018 after 3 months of consolidation price doubled within just 6 weeks, before eventually quadrupling. Similarly in 2020 price doubled within just 6 weeks.

Baring in mind price has dropped in half from $40K to $20K within 6 weeks, it wouldn't be completely unexpected to see price doubling within the same time-frame either. Many people who (for example) respect the 4 year cycles for example are overlooking the fact that price has already come down to the 200WMA and realised price within 6 months of ATH, instead of 12 months afterwards. This implies that the price is moving a lot faster than we have seen in previous cycles, or otherwise that more accurately May 2021 should be considered the bull market top and therefore a low 13 months later is pretty usual...

bitcoin always surprises everyone, with the price suddenly dropping and rising. everyone wants the price to continue to improve but in the field the bitcoin price can not be determined alone.
I think bitcoin price will hit 30k again but not anytime soon. for now the bitcoin market is in an unstable state because the world economy is also in a bad state globally.

Those who bought bitcoin when it bottomed at $ 17k would quickly sell out if bitcoin returned to the $ 30,000 range, it will put pressure on the market and the price of bitcoin will continue to fall, so we should once again see the $ 20k range again.

According to my opinion, bitcoin may hit $ 30,000 again, but it won't happen in June. It will probably move sideways at $ 20-22k before reaching $ 30,000.

I would guess that most of that already gone, it wouldn't take that long. I get the "3" in the 3-6 months, and yes it could take that long, maybe as long as 6 months but that would be a bit too much. I guess that by Q4 of this year we will start to see a bit of recovery and that will probably put us back to 30k.

I am not saying that we will be breaking ATH in the next few months, of course we will not do that, I am just talking about the 30k part, and that is not too far away, just a 50% increase and we all know how easy it could be for us to go up 50% in crypto world. This is why I am guessing that the best thing to do right now would be waiting, and not selling.

Unfortunately we are facing bearish sentiment right now in bitcoin markets which may last till weekends and only by the times of weekend we are seeing bulls get into action hence hopefully this weekend also might be another one for similar market actions.

It could return for a relief rally, but when we fell from 40k to 30k there was no relief rally. Then we fell from 30 to 20k and no relief rally and then we fell to 17k and finally had some bounce back. There's no certainty here.

Don't look for short term moves, it's a waste of time. Bitcoin is too volatile and too easily manipulated. Only long term matter here. What are you going to do if it goes back to 30k? Will you take it for a proof of strength or weakness? Will you sell because it's only a dead cat bounce or will you hold it because it's going to flip to a bull market later this year?

There's too many things going on in the background so I'm going to hold if it goes to 30k and I'm going to hold if it doesn't.

lets stop looking for relief rally because we already knew that rally only happens in Bull market in which mostly happens when Halving is there.
indeed but not unless we are in the rallying market like 2017 or 2021 in which the market is showing a strong growth and then we can claim our grate profits.
Keeping it all will help market to extend its growing , this is the way we can help bitcoin profiting.

Its likely to happen for investors who prefer short term. If they bought their Bitcoin at $17k bottom and sell at $30k its a nice profit already for those who take advantage the minor increase. Thats why there's always a way to gain even the market is in bearish but this is only for investors who can spend longer time to monitor the market frequently to not missed the timing to sell. Thus its expected if the price recover a bit, its bound to decline again, on the other hand long term hodlers are not bothered by this since they have target price to take profit.

Seems like there is a magnet now at $20K. When we first touched it there was tons of sell orders and why we kept dumping to $17K.

However when it approaches $20K now it seems many are buying Bitcoin at $20K. Most likely it will provide a temporarily bounce. Maybe it was the low, maybe not but either way you need to stay cautious especially what the stock market is currently doing.

Of course, we never thought that the bitcoin price would drop from $30k to $20k or more than 34% in 8 days, this is why we have to follow the advice of experts or influencers who suggest buying, holding or selling, and I'm currently following several influencers since the last 3 years and often their predictions are right.

Yes, I guess there really are a lot of short right now. The fear level remains high and the negative outlook is still there. There are polls I've encountered on social media sites which suggest that the hard times are not yet gone and the fall has not yet reached the bottom. We are still in the middle of the bear market. But I agree with you that it will probably just be a matter of a few weeks before things could get better. $25,000 is an easy target in this case.

Does it remind you of something from the recent past? The same thing happened when we slipped from $40k to $30k and then stayed there for a while - ranging from $28k to $32k. It is now possible that $22k is the upper limit from which we will repeatedly decline to $20k, and if it lasts too long, we will probably see another drop - because a stable price is not something that characterizes Bitcoin.

In the short term, things don't look good, but for those who want to buy cheap and know that things like this have to happen sooner or later, periods like this shouldn't be a problem, but an opportunity to grab extra sats.

Exactly, my take on this is, we are looking at a bull trap. I do see fluctuations to perhaps 25k, but with so many defi sites getting hacked or losing funds by dump contracts there is more pain to come..

Yeah, it wasn't that all the nosedives or something, sellers are likely exhausted but we never know if the bottom was really in already. It could just get worse if there will be any bearish stuff to come again not just in the crypto market but for the whole market. DCA is a full proof against a bearish asset and it never gets old.

Note that you are talking about a 50% increase, which in the current bear market situation is very high. I don't deny that such a rise could happen smoothly, within a few weeks or even months, but so far I don't see the reasons for that. Unless the bear market ends and the bull run returns.

It does. And it doesn't make me feel good at all. That $30,000 was a long battle. The price rose several times beyond that but it also lost hold of that several times. But whenever there was a little increase beyond that, it would almost immediately be followed with a rejection. This is exactly what's happening with $20,000 right now. Again, this doesn't make me feel good at all. But although this isn't what we really want to happen, the good thing is that it's also an opportunity. There might never be something like this in the near future.

The same thing I thought. The trend line needs to be broken to determine if it has been broken. That definitely feels like it. I am more bullish when I hear any positive news. However, I still believe this is a bear market rally. There is no way for us to tell if it will work that way, but we can hope.

The bull run doesn't have to return to see a 50% increase, remember in 2019 when price rose from $4K to $14K? That was all in the context of a broader bear market, with price making a lower high and then collapsing back down to $4K again. I'm not suggesting a 300% increase this time around, as price hasn't fallen as far, but the equivalent dead cat bounce from here to the 0.618 fib retracement would be around $50K.

I'm not even suggesting the bottom is in here, or the bear market is over, this depends more on what happens around $30K when price returns there. Just that many are overlooking what a continuation of a bear market looks like, even if price doesn't make a new low, and it would look like price rebounding to $50K before dropping back down to $25K by the end of the year or sometime next year (12 month later).

Even if price did drop to $12K, the expected dead cat bounce within a bear market to the 0.618 retracement would still be around $48K, as the percentages don't change that much.

Just now a 50% bounce sounds very unrealistic to me. First we need to at least consolidate above the key 22-23k level and then talk about a bounce to 30k. But so far the situation doesn't remind me of 2018, 2020 or 2021. The only similarity is that bitcoin is falling heavily, but before there was no global crisis and now there is. So it seems to me that there is still some way to drop. I don't believe in Fibonacci, I don't even understand what it is and why the price should go there.

For sure I agree price needs to get back above $23K first, but given how oversold Bitcoin is on a Weekly scale, bouncing back to $30K without consolidation would be typical for bear market continuation. That of price attempting to leave oversold levels, getting rejected, then returning to oversold levels. Not to mention re-testing the long-term (18 month) support level of $30K and turning it into resistance.


It's based on "dead cat bounce" theory. The higher the cat falls from, the higher the cat bounces (not literally, but that's the general theory). The reason I use fib retracement is because in bear markets price usually re-tests 61.8% of the downside that has been achieved, before continuing lower or otherwise consolidating etc. At least in 2016 (@ $800), 2019 (@ $14K) and 2020 (@ $10K) this is exactly what happened.

It's just normal that's all  :)

We are not getting far from the tragic drops but the positive view that we see this time, it highlights some instances that $30k is really possible. We just hope that this will be no more panic selling and government banning scenarios that affect that trend. We probably see a happy face this time, especially those who bought Bitcoin in the past days when it was just below $20k.

Maybe we have to forget the bottom, I guess we're done already.  

Over the past few days the price of bitcoin seems to rise above $21k and then drops down to $20k. This is like the market movement that happened around $28k - $30k before the price drop. Maybe this can continue for some time period before moving to the next step of growth. Maybe through this it can gain resistance for breaking the $25k barrier which will ease the market to reach $28k than $30k.

There are a lot of shitty things going on in the world. Inflation isn't just increasing in the US. The Fed is raising key rates regularly, something that hasn't happened in the last 30 years. Stock markets are falling along with various indices. Finally, there is a war going on right now, which has made energy and all sorts of fertilisers and other raw materials very expensive. I don't understand what news could cause bitcoin, which is a high-risk asset, to rise right now.

Most don’t feel good when they see their value melting away, but at this point it’s really not worth getting upset because none of us can change the situation for the better anyway. The time ahead is difficult and challenging, but every day we are closer to a new halving (less than 2 years), which will probably be a new starting point for a big bull run, although in the meantime some super positive news can happen that can result with a price increase of 10-20%.

Of course, it is wise to look at situations like this as opportunities, because the famous investor who does not like BTC (WB) invested about $40 billion in various stocks a few weeks ago and will certainly invest more - for people who have money, Santa Claus is this year come quite early ;)

I mean if this is about "feelings" you can feel anything you want, you can feel upset that the price is down and your value is gone, or you could feel happy that you could buy it cheap right now and make a lot of money later on. However, if we are talking about the reality, it is not about how you feel because how you feel means nothing at all if you are not going to do something about it. If you want to talk about "actions" instead, then there are 3 things you can do and nothing more.

If you want to sell and take the loss, you sell and take the loss, if you want to wait it out then you do nothing and if you want to just buy some more then you buy some more. I would advice doing anything but the first one, that is the one that makes sure that you lose and you will not be making that money back easily neither, it will be something quite difficult for sure.

It seems that the bearish trend is still happening again and many experts believe that the market will rise again in August, if this happens there will be a trend in 2021, the price of dropping in June and last July began to rise in August, so I preferred to buy.

At present the price is staying below the 2 day average (https://talkimg.com/images/2023/06/12/AsQQG.png).  We've made attempts to break that trend but not cemented only fallen back.  Till we consistently hold a good momentum for a closing week bar its best to stay cautious and expect profit taking on rises.  Even a small rise in BTC is big compared to most assets and can be sold easily.

if bitcoin can back to 30k range again and be stable on it would be great, but as you can see that bitcoin price can't even touch the 25K range or destroy the near resistance  :-X bear still exist in here

No way Btc could hit 30k with a flash pump as it's 10k difference right now and I don't see Bitcoin going up anytime soon. Sure , it will bounce between 2-3 range of a certain price but in general , Bitcoin is going down right now. Based on what most people are saying here, there is to much hope and not so much awareness about the Bitcoin rising in price. If somehow Bitcoin will reach 30k during this year , then we are out of bear market with 1 year earlier.

It hit me right in the stomach when I saw how much my BTC is now worth. A few months ago I had a lot less Bitcoin than I do now, and despite currently having more than double of what I had, it's still worth a lot less. While I'm mostly fine with waiting it out, I still become a little disappointed now and then.

History repeats itself, this situation is quite similar to 2018, and it taught me a valuable lesson of not giving up. After the crash, I completely abandoned Bitcoin and the forum itself, totally forgot about my wallets, my account here and everything, in a matter of a few days. My goal now is to stick around, hopefully till the possible recovery of the market, in a year or two at best.

Till then, I'm pretty pessimistic on any kind of recovery within 2022, even $30.000 seems too far from our current point.

actually this is the time to buy cryptocurrency, and this is major opportunity for someone who is cryptocurrency minded to purchase cryptocurrency and skip the information of bottom and more bottom. Believe that Bitcoin will rise but the june and august everyone is pointing at, is not the exact time factor of two months coming people are predicting. Despite that everyone have right to make it's poin. I believe that Bitcoin having a slight bull run, it be something that will happen between November and December and if actually it will.

It is not seems, the Bitcoin market had already been in a bear market for months now.  Some vlogger thinks that some good thing will happen in September but without him giving a proper backup and proof, I doubt that.  I think we won't be seeing Bitcoin at the $30k range until next year.  I hope I am wrong but that is what most news and market sentiment feels like nowadays.

There is no way to predict what the lowest and highest price will be until it occurs, so it is best not to speculate about it. The right price to buy is as of right now, heavily discounted from the most recent ATH.

I don't believe the market will go up in August but I believe this is a better time to accumulate and hold than wait for another rally to happen now. Most likely as you would expect, there will be a slight bull run at the end of the year and beginning of January 2023.

Speculation is needed especially if it is accompanied by technical analysis and fundamental analysis. Indeed, no one can predict future prices but at least analysis can help traders or investors to find the best time to enter to buy. ATH and the lowest price is a never ending discussion, so it will always fill the speculation board every day.

Of course there must be a reason why it didn't rise and why it rose and recovered. It is clear that everything depends on supply and demand, but the thing that affects the most is that this market is always influenced by both negative and positive news.

I think the bear market will continue to be sustainable, it can't be avoided because it has been in the current situation for a long time, I read an article predicting that the bears will continue until the end, I know on the other hand the news says the bears will end soon and by the end of the year could touch above $30k but I don't know which one is right but I think the current situation in the market will still continue to sentiment.
Thinking this would be a low to buy is a good time but the situation could turn around again and any $15k could be hit if the bears persist.

That $30k would come anytime soon but since we are already in a bear trend the chances that we'll see it again is far from the reality yet. Maybe we'll get close to $25k or lower than that since we are in a bear market, I think $30k would be a dumping price of the other holder who's just waiting to see an opportunity. This month would be a long day to be thinking that Bitcoin would break and pump but it will take some fomo if the market want to pump. Whales will do pump them once but we don't know yet when would be that time.

There will still be some investors that will buy at that point. That's what makes the market complete. Someone will be buying at the same time someone else is selling. Remember that there were buyers that made price possible even to $64k while some lucky dudes sold off at that point. However, let me quickly state here that there will be another stage of resurgence in price even to the point of a fresh ATH. Only those who will hodl till then will be highly profitable. I've read reports from some quarters that Bitcoin had never dipped this deep and that it signalled something sinister to Bitcoin; but I tell you, buy more if you've to. It's all noise. Bitcoin isn't going to die, at least not now.

Yeah, it's either $13k or $30k for us at least at the end of the year. So for now, we really don't know what the price will be, and even if we reaches $30k, we are still going to be in the bear market. So might see some sell-off again if we reach that price, pushing the market into another bloodbath. Nevertheless, if will be good though, at least the market is going to be active, there will be sellers and then corresponding buyers. It's not that we will see selling as the majority of the volumes.

Whatever the price of Bitcoin, there will always be buyers and sellers, whether Bitcoin at a low or high price, there are always those who are
interested in Bitcoin. That's why the price of Bitcoin is very volatile.  So we have to be smart to take advantage of the market situation to be able
to make money from the movement of Bitcoin. Don't be afraid to buy Bitcoin when the price is low like now, because like you said Bitcoin will not die.
The high demand for Bitcoin, always makes Bitcoin always able to recover when experiencing a drastic decline. So buying Bitcoin when in a bear market
will make us rich if we collect Bitcoin in large quantities, then next only need to hold the Bitcoin until the bull market. So we should never listen
to other people's words, especially people who say negative about Bitcoin, meaning that person does not understand Bitcoin properly.

Well its been 2 weeks now from your post here yet nothing comes close to 30k , and the price stays lowering up to now, though it keeps hitting 20k yet that is the highest it can bring from your date post.
I'm afraid that there are nothing we can expect this whole year , maybe we will be seeing more dumping in the coming months  and up to 4th quarter there will be the same movement.
but at least we will not be seeing that 10k below prices because that is very hard and bad to look at for those who had been trusting bitcoin this whole year.

It is obvious that we have entered a period of low volatility on the market. Fortunately, low volatility sometimes causes big moves on the market, which is something we are all waiting for. I think this coming week will be decisive as if the sell-off is over and if the market will be making a large move upward or downward.

Two weeks is not much time to recover, especially after such a hard fall. However, a new week has started today and we are seeing attempts at growth, although earlier weeks started with a fall. Maybe this time we will see green on the chart. Especially encouraging is the start of a new month, which might set a new trend.

Do you mean the low volatility give it more chance to increase than decrease? Since it is more stable compared to before and investors are likely to wait for a bull signal to be back in aka strong chance for FOMO. I think this scenario could only be possible if FED stop their shenanigans and no surprise news about Covid's latest variant or the ongoing war conflict between Russia and Ukraine. Too many variable factors to be accounted for.

Yes, soon but we can't know the time for sure when as we don't really know when would this bear trend ends. But since we're already optimistic about it, might as grab as many patience while hodling it. As of now, it's still below $22k but the market is pumping for the past 12 hours and I think that's a good reason for us to wait for its recovery. Nevertheless, $25 or $30k, there will be always an investor that will decide to buy or dump.

Was OP a bit of a prophet on this calling it so early.   Seems like the main conclusion since 21st June has been we go sideways, allowing both sides of the order book to cling onto their assumption we can move up or down.      I think we attempt both and in the failure find strength in the opposite direction.   We have not really properly attempted a higher price yet so I wait for that but its too early to say we are done being negative, its hard to believe as the overall market is teetering after so many blows.
   Every day the 50 day average comes closer to touching the price action, thats our cue I reckon.  Its strong enough to knock us off the rails and cause some proper action to occur.

Update for bitcoin price as we can see that Ichimoku Indicator show short, the MACD, Stochastic also indicating to short the RSI still below 50 meaning still short (*note 1 hour chart) the local support is 21.2 K

https://s3.tradingview.com/snapshots/2/2Fa3TOTX.png

I hope the 30K range will reach up soon  ;D ;D if we can bounce back from 21K

Not looking probable until we break above 21k area as that coincides with momentum indicated by weekly moving average
https://talkimg.com/images/2023/06/12/Asw52.png

blue is weekly and yellow is monthly average with 50 day above that.  Once we get all those averages below the price action and we are also regularly making higher lows then its time to be more confident.  I assume sideways with possible negative resets until we are able to jump start some positivity.

Bitcoin chances of rising to thirty thousand is at stake currently because when you looked at the chart of the map you can see bitcoin is still adamant of increasing and instead of moving forward and it's decreasing from the process bitcoin nobody knows the rightful time to understand the concept of buying is now. Some people don't  want to buy now but expecting to buy when it's low

Aside from that, the bankruptcy declaration of Celsius might also affect the Bitcoin market sentiment.  Since it is negative news, it gives weight to Bear Market thus we might experience a bit bitcoin sell-off due to the fear that this Celsius event will affect the Bitcoin Market and thinks that shorting may give them a bit of profit for the next days' trend where BTC price taking another dip.

I believe its matter of time. We are getting there pretty soon and we are going to see crypto do a lot better. Of course its going to be a bit more down the road and not tomorrow, but we are closer to it than ever. If we consider the last peak of 68k happening in october, I can say that we are going to see it quicker than that, its not going to take another 8 months to reach to 30k again. I feel like its going to be Q4 of this year for sure. Can't give a guaranteed result right now, but I can say that its definitely going to be sooner than what we have been waiting for and that means we are over the hill and its easier from here on out.

many also predict like you my friend that a recovery will occur in Q4 this year, but I've also read from some analysis that this year there will be no significant changes in bitcoin's movement and will remain in the $30K range, will start to move upwards to occur in next year and it's also moving slowly.

I agree mate, it's just a matter of time and bitcoin will reach to increase according to what has been done so far. where if there is a decrease it will be accompanied by an increase, in time, but when? I predict maybe after the next halving, there will be a renewable ATH, so be patient.

The price that is nearing $24000 is a big price compared to the price it fell month back. If bitcoin is able to cross $25k, then we can discuss about it. For now $30k range isn't an achievable price for the short term. The altcoins market that was against the Bitcoin market needs to be pushed hard.

OP looking like crypto savant in prospect right now.   If we can break this area where 200 week resides it seems fair we do move far closer to 30k but I think 27k is an obvious area where we first encounter some selling and prior holders who now wish to hold into the recovery as prior volume often represents.   We move sideways in this area quite recently but up until then its clearer, for the moment its not yet clear we are clear of the 23k (https://talkimg.com/images/2023/06/12/AsUYI.png) area and its pulling back slightly imo remains in a bullish pattern

the climb stops now

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

from increasing for several days?  now it starts lowering again and yes this is something that we need to look at .

what is important now is that we have our funds on hold? and we are already having funds ready to buy more when dumps happens.

If I'm not mistaken, we almost hit $24k or hit it already, but then again the market is suffering another down side as it is close to $23k or even lower.

And it's good to see this thread again, however, there are still a lot of psychological barriers that we need to conquer next specially $28k . So it will take a lot of money again and we don't know where it will be coming as the world is on the recession and investors are not very keen on investing on any, not just crypto market.

Yep, but that's just 3 days though, we didn't even get to $25K as the price goes down again. Maybe there is a huge selling pressure hitting the magic number of $23K-$24K.

I like to be optimistic, but I still see that this might be 'catching a falling knife' scenario. And with that, I don't see the price going back to $30k not this month at least. Too many news like the war and then Musk selling his stash of bitcoin might affect the price in the next 24 hours.

Despite getting rejected prior to $25K, the current correction isn't exactly bearish yet. Breaking below $22K horizontal support would likely bring prices down to $21K, but at least there is support to the downside unlike previous short-term rallies. Even at present price could find support from the 200 WMA where price is at now ($22.7K), after already breaking 6% above this level, showing it's not as strong resistance as it previously was. Overall, a sharp correction to support is a lot more positive than continually failing to break through resistance levels and drifting lower (as has been the case with previous short-term rallies).

None of the short-term price action has changed the longer-term bullish factors, such as a Pi Cycle bottom signalling (https://bitcointalk.org/index.php?topic=5406719.msg60598863#msg60598863) as well as Weekly RSI leaving oversold conditions. At the moment this is simply a case of "nothing goes up in a straight line", and a correction after a 28% pump in recent days all being very healthy for price. While some people will be panicking, others will have their buy orders at relevant support levels, anticipating a continuation of the current uptrend, especially when at the moment there appears to be mild selling / profit taking as opposed to outright rejection at higher levels.

I'll happily change my tune if price drops below $22K and $21K fails as support, then a re-test of upwards trending support around $20K will start to look bearish again.

If you look at the trend for this week I am optimistic that the price of $ 30k will be achieved in the near future, maybe the end of July or early August, before $ 30k happens then the best thing is to immediately buy, if we buy at this current price around $ 23k then we can profit More than 30% if the price of Bitcoin has returned to $ 30K.

I do agree that there will be some sort of situation where 30k will happen not too quiet later than right now. It won't be that hard, but it will be certainly something we won't be having any trouble with neither. We just need to realize that the life we are having right now is not something special, it's 30k and it would be ordinary.

People are making a big deal out of a possible 30k, when in fact it is not a big deal at all. It's 100k that we should care about, that's a "big" change, even if we go back to 68k ATH prices, that would be good for people who bought low, or people who hold, but it won't be a huge new ATH that could be considered hype, it's normal. So, do not get excited about 30k at all.

Basically we're in a pullback of the recent positive action and how far that pullback can go is something to watch.  Ideally we dont want it to continue too far because they we will have negated the overall idea of a recovery in BTC.   For the moment in a larger picture all we did was meet the 50 day average and follow its negative decline and this reflects the prior negative action this year, this is ok and to be expected.
  I do hope we can start to see something positive occurring before or around 22k and that will give hope of returning back nearer to 30k.   What will disappoint many is we are slower then they hoped, what they are used to in a BTC bull market.   We can rise even without the hype, its still valid but more different to stay positive both price and personally :)

I believe that the price of cryptocurrency is being determined through the demand and supply of it in the market, the price is going up and down because of the determinant of supply and demand. I will agree with you because the price is what triggers investors to join the market. But when the market is going down, the new investors skip of purchasing bitcoin for long hold