Abolute bottom of Bitcoin?

[thecodebear]

$30k is probably the bottom. Certainly a chance it breaks at some point and we see high $20,000s for a bit or maybe only very briefly, but very possible $30k holds. Basically if there is some sort of huge panic causing news I could see $30k breaking but I think it'd be bought back up pretty quickly. Without big time panic news I think it'll hold.

After initially hitting $30,000 a month ago and getting rejected it has only twice gotten back down to $31,000s. With whales accumulating and pushback on the false anti-bitcoin energy narrative gaining steam and Musk flip-flopping so much hiss tweets are becoming closer to just being noise, it's only a matter of time until getting back close to $30k gets harder and harder. All that plus the El Salvador news and that causing other small countries to start talking about doing the same thing, the directional momentum of the market is definitely gradually switching to the upside. But at long as Bitcoin is ranging at the bottom in the $30,000s, going under $30k it is still on the table, and i expect we'll have a couple more months of ranging.

[ILuckyGuyI]

Maybe $20k, but I don't expect a lower level than that. Because Bitcoin is at another level right now. Its price can't go down too low like in old times against FUDs I believe.

[virasog]

It seems 20k has a strong support and it will never go below that, as there are lot of institutional investment I even think 20k is lot to fall.

$20,000 is way too sharp for a dip at this current market condition. $30,000 is the strong support, and Bitcoin might be consolidating for another bull market, or it could dive below $30,000.
Whichever way Bitcoin goes, the current price is good for accumulation. For those people who's looking for further dip to buy might start accumulating today. You might not see Bitcoin below $30,000 again.

Bitcoin won't go under $30k, I'm 100% sure!, because several times the price of Bitcoin has tried to drop below $30k,
and see! How? Bitcoin gains after dump and tries to breakout of resistance, therefore many people seem to have lost faith in bitcoin and are trying to leave,
haha it will hurt if the price of Bitcoin at the end of the year touches over $100k

How can be you so sure that bitcoin price can't go below 30,000$. If it tried couple more times, the support at 30K would be broken.

Noting is impossible in bitcoin. Bitcoin can reach 20,000$ or 100,000$ and both of these targets seems impossible for now.

[johnwest]

In any case, if the BTC price falls below 30k$ then it will probably go below 20k$ for sure. There is no strong support below 30k$ but that itself is great support right now. Bulls are not able to clear the 40k$ resistance so we are just going sideways in between. I will definitely wait for BTC to break the support and will invest when we can see stronger support otherwise I am happy with my positions.

[gabbie2010]

In any case, if the BTC price falls below 30k$ then it will probably go below 20k$ for sure. There is no strong support below 30k$ but that itself is great support right now. Bulls are not able to clear the 40k$ resistance so we are just going sideways in between. I will definitely wait for BTC to break the support and will invest when we can see stronger support otherwise I am happy with my positions.

I don't think price ofbitcoin falling below $30K is feasible based on past Price Action, there is a strong support at $33K to $34 which the price had tried to break after several attempts even today the price got rejected now, I beleive this is a bottom for buying and accumulating in fact buying at that zone and selling high will fetch some little profits, although bull taking over the market is not at sight now, the market is still in deep bearish sentiment which I believed is due to all the negative fundamental news which triggers massive dump as a result of FUDs.