Will bitcoin dump below $30,000 this week?

[proudhon]

will this dump continue in the next few days

Yes, obviously.

or bitcoin will bounce back strong going back to $60,000?

No, not possible.

[stadus]

It's been bearish for bitcoin thus far, and now it slowly going down again. We hit $30k in the past few days and it seems we are going back to that level again. The price is currently at $32,900 per http://preev.com/.. and the price is descending.

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

Possibly the support of bitcoins at that level is not so high so I wonder if many people will place their order seeing the marker is keep collapsing. Hopefully the $30k will not be break since this scenario will create panic to those people who's not prepared for the bear market crash.

Hoping to see a bounceback and will see if bitcoin would reach at $60k.

If it's due for a correction, the price would really dump, and yes it could bounce back to $60k, but we never know what would happen next, I'm okay with both but I have a feeling that the trend now is on downtrend.

[iram3130]

The bearish trend is looking strong at this moment and it doesn't look good for overall Bitcoin holders and to newbie investors who invested when BTC was above 50k$. I want to tell all of them to hold whatever you have, don't sell it for loss. People who have bought at 16-19k$ in the previous all-time high are just gonna laugh at you.

Be patient and hold what you have.

[Kittygalore]

Most people dont know where to find answer to most question about the dump. It is moving from panic to capitulations. Many believe 30k at resistance level, but if we get lower, it might be collosal damage but we are into it together. We should know how to prevent so many new traders that gave us out.

Also, we don't have to worry if it did go down below 30k, if you are a long-term hodler then you should probably just buy more and accumulate more bitcoin. The prices are going to go up in the future, we just have to wait for it.

[Twinscoin2017]

Most people dont know where to find answer to most question about the dump. It is moving from panic to capitulations. Many believe 30k at resistance level, but if we get lower, it might be collosal damage but we are into it together. We should know how to prevent so many new traders that gave us out.

Also, we don't have to worry if it did go down below 30k, if you are a long-term hodler then you should probably just buy more and accumulate more bitcoin. The prices are going to go up in the future, we just have to wait for it.

Actual price is 37k$ I think there is a low posibility that it will go down below 30k$ for just a week if the price go down below 30k$ This week it means 8k$ of the 37k$ present price is gone in just a week so for me it is imposible to drop below 30k$, i hope it will rise back for good.

[Lucius]

What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?

If someone hits you in the head several times, you fall to the ground and lose consciousness, and you may get a concussion - how long will it take you to fully recover? The analogy may not be the best, but I want to say that the crypto market is currently in a state of shock where the patient is starting to wake up, but is not yet able to stand on his feet - and the recovery time is quite unclear.

From what we can see, several attempts to stabilize the price have already failed, and we will probably be between $30k and $40k for a while - and the longer it lasts, the chances are increasing that for now the solid support at $30k will be broken. Perhaps in medical terminology we could say that the first week of recovery will show how strong or weak the patient is.

[suchmoon]

Will bitcoin pump above $40,000 this week?

I mean... do we really need a new speculation thread about every friggin' price point? It's Bitcoin, it goes up and it goes down and it goes up and you get the idea.

If I were a dictator moderator of the speculation board I would allow one bull thread, one bear thread, and WO. Any other thread better have a really good novel topic, not some generic "number go down" or "number go up" stuff.

[ancafe]

well, this month is true quite a tough month for holders. although bitcoin prices fell to the $ 38k range, and altcoins also fell quite drastically, but so many people hold their assets from high prices, so when the price is low, the pressure is quite large. however, the potential for the bitcoin price to drop below its current $ 32k price is still there. however, I am more likely to think that bitcoin's price is back in the $ 40k range than it is at that price.

[perfect999]

If it's due for a correction, the price would really dump, and yes it could bounce back to $60k, but we never know what would happen next, I'm okay with both but I have a feeling that the trend now is on downtrend.

The trend is definitely not complete downwards right now there is no doubt about that. However the question is, will the trend change? Right now it is downwards that is okay and we can see that there is no doubt about that. However what if the trend changes? What if suddenly something great happens? What if microsoft says today that they are buying bitcoin and now accepting bitcoin for all microsoft purchases for example? That would make the price go above 60k in a month again right?

We should not expecting outside help this much to go back up again but that is the possibility there right? So, that means we are in a downtrend right now and we are going to keep going unless something major changes, I agree that we may go down even more from here, but I am not leaving the chance of going back up again to zero neither, there is still (tiny) a chance to go up again.

[LUCKMCFLY]

At the moment I do not think that the price of BTC will fall to $ 30k because I see a better chance of it rising, the reason is simple, Elon Musk is not the only BTC whale, there are many, since 2009 they were formed and Elon Musk is Whale since 2021, he cannot compete, he may manipulate the market but he no longer has so much manipulating power, according to Merten there is still a lot to go up, for him the bullish trend has not ended, here is his analysis:

“We’re pretty much in line with how we were performing in the same time frame for the 2017 cycle or cycle number three… The big thing I want to emphasize is whether you’re a fan of [the theory of expanding cycles] or not, historically speaking, three out of the four times from bottoms in the market, it is expected that the cycle’s going to go longer than the previous one. We can see that very very clearly. The gaps are synchronized. ..

All of the data here is pointing out a pretty obvious fact: that this is most likely – it’s not guaranteed – but it’s most likely not the end all be all of the market.”

Source: [url]https://dailyhodl.com/2021/05/25/no-bitcoin-bear-market-in-sight-according-to-crypto-analyst-nicholas-merten/[/url

I think there is still a long way to go, for me the whales that performed in 2017-2018 have not yet participated in the market.

[BrewMaster]

so far we have had many serious attempts to dump the price harder over the past 6 days but all of them have been failing miserably as each time price sets a higher low and higher high and price keeps on pushing upward (despite the sell off manipulation).

we have to wait and see what the following days hold. with chances of Taproot lock in being nearly 100% for the next retarget there are a lot of good news coming that could put an end to the manipulation.

[Baofeng]

so far we have had many serious attempts to dump the price harder over the past 6 days but all of them have been failing miserably as each time price sets a higher low and higher high and price keeps on pushing upward (despite the sell off manipulation).

Yeah, the China banning bitcoin mining and of course, Elon Musk continuous anti bitcoin tweet. I think this two FUD's really put some selling pressures on bitcoin in the past 6 days as it plummet 50% >.

we have to wait and see what the following days hold. with chances of Taproot lock in being nearly 100% for the next retarget there are a lot of good news coming that could put an end to the manipulation.

I do hope that somewhat the Taproot news will somewhat bring some positive vibes in the market to at least get to $40k and up. And as for the FUD, it will just have a short term effect, price will bounce back eventually. And for those weak hands who sold, let them learn their lessons in this market. You really don't need to be emotionally and panic, bitcoin's fundamentals is getting stronger.

[nurilham]

Why many high ranks not optimistic about the possibility of the next pump in Bitcoin? You guys already give up and conclude the bearish has been coming? It is a correction in crypto prices, Bitcoin also experienced it. It is impossible if Bitcoin price always increases without a correction. We have experienced many times a big correction this year. But the prices always come back to grow again. If you are pessimistic, just sell all your coins or keep them on hard wallets, then you are better offline.

[ultrloa]

Why many high ranks not optimistic about the possibility of the next pump in Bitcoin? You guys already give up and conclude the bearish has been coming? It is a correction in crypto prices, Bitcoin also experienced it. It is impossible if Bitcoin price always increases without a correction. We have experienced many times a big correction this year. But the prices always come back to grow again. If you are pessimistic, just sell all your coins or keep them on hard wallets, then you are better offline.

Because they already experience the worse case scenario especially on year 2018 so expect thag many of high rank users are fearful of the market movement when the crash happen, but also there are some doing that to add on the fear so that they can buy bitcoins at cheap cost remember bitcoin got high pumping potential so expect that many will create noise or confusion unto this.

[bitzizzix]

Currently the 39K bitcoin price is slowly rising which I think will return to 40K in the near future, this correction makes most users panic and worry which makes it turn into weak hands, maybe because they don't understand bitcoin movements which make bitcoin price drop continuously.
and but the decline in bitcoin did not reach 30K which I think the decline in bitcoin is actually our chance to buy and hold it for the long term.

[Xinarae*]

Bitcoin will not go below 30,000 this week. I think it is causing panic among investors the rate at which bitcoin has risen is much less likely to fall below 30,000 its price is rising again bitcoin is going to go up again this year but not down so much this year there is nothing to panic about. You have to wait patiently until the market corrects this is a good time to buy bitcoin.

[elisabetheva]

Bitcoin will not go below 30,000 this week. I think it is causing panic among investors the rate at which bitcoin has risen is much less likely to fall below 30,000 its price is rising again bitcoin is going to go up again this year but not down so much this year there is nothing to panic about. You have to wait patiently until the market corrects this is a good time to buy bitcoin.

Many investors should have faith like you, because it seems that they are still being deceived by bad news circulating on social media which is actually detrimental because what investors are doing adds deeper correction. if they believe in bitcoin they should refrain from creating panic in the market because it will obviously be affected.
I hope this will be a lesson, because I am also sure like you that this is only a temporary correction because it will start to recover in the future, remember the real increase is at the end of this year.

[Oasisman]

I guess we're not going to see Bitcoin below $30,000 this week because the price has been gradually recovering and flirting very close to $40,000 level. Also, Elon Musk seems he had change his mind regarding his bad remarks about Bitcoin mining enery usage after he had talk with the miners in North America about the plan of renewable usage of energy.
His tweet may trigger a massive buy back this coming week.
So, I guess we'll be seeing Btc in a $40,000 level in the coming weeks.

[$crypto$]

I guess we're not going to see Bitcoin below $30,000 this week because the price has been gradually recovering and flirting very close to $40,000 level. Also, Elon Musk seems he had change his mind regarding his bad remarks about Bitcoin mining enery usage after he had talk with the miners in North America about the plan of renewable usage of energy.
His tweet may trigger a massive buy back this coming week.
So, I guess we'll be seeing Btc in a $40,000 level in the coming weeks.

It's a bit of a change in the talk with the miners and so Elon Musk can see how the energy he has talked about might have a better chance and not spread the bad anymore.

Today bitcoin has increased to the level of $40k I am sure tomorrow can be achieved if there are still people who continue to believe in the fortress but what I see on the news and social media netizens always tell Elon Musk not to make controversial tweets this will lead to it, right? bad for bitcoin and bitcoiners agree Elon could have caused this.
But thankful now that he is recovering.

[molsewid]

Currently the 39K bitcoin price is slowly rising which I think will return to 40K in the near future, this correction makes most users panic and worry which makes it turn into weak hands, maybe because they don't understand bitcoin movements which make bitcoin price drop continuously.
and but the decline in bitcoin did not reach 30K which I think the decline in bitcoin is actually our chance to buy and hold it for the long term.

It seems that the crypto market were fast recovering from the consecutive dropped of crypto demand in the crypto space. But honestly speaking, I can't really tell what would be the next possible thibg to happen in bitcoin or in crypto market. Last month we have seen the bitcoin market strong resistance possessed and this past few days we are all been surprised by sudden downfall. Though we are already expecting the price correction but damn people of cryptocurrency believes that bitcoin weren't go down as lower at $45k. But it is still good seeing crypto market recovering now.