Will bitcoin dump below $30,000 this week?

[BITCOIN4X]

I try to do a little analysis and look at the candle weekly. I got to the fact that the resistance bitcoin has to break right now is at the price of $46K and it looks like this could be possible because of the current fundamental. Currently bitcoin is trying to break the existing resistance but if it fail then the possibility of further correction will also occur. $30K is a strong support at the moment and I don't think it will be touched during the end of May.

[acener]

No I don't think that it would go below $30K anymore it seems like the price drop is already over for this week,
For me it looks like it is already maintaining the price around $30K+ or trying to climb higher slowly.
But it would all depends on the Market,News and of course the investors.
What if before this week ends we would have another Negative news and creates a FUD there is a possibility that it could make it drop down below $30K.

[In the silence]

Its possible but not that realistic as all those institutions bought at that price level and no institutions as to date that sold their bitcoins.

[dezoel]

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.

It wasn't really difficult to have that kind of faith in bitcoin if you are a long term holder. When it is going down and everyone is selling, people who do not sell and hold and then make a profit during the same period seems "genius" people but the reality is that when we buy from 5k and then not sell at 64k and it drops to 30k people think we are idiots as well, we did literally nothing, didn't sell neither when it is going up and we didn't sell when it is going down neither, we just ignored everything and that is why there was nothing we did that should consider us as genius nor as idiot.

Long term holders only keep their coins and do nothing and that's it. Surely there could be some other people that may have did this as traders but the long term holders were all just ignoring the ups and downs.

[Obito]

Hopefully, $30k won't break again, because people aren't ready for the bear market crash.
But today's market has risen to a $39k high, hopefully, it will continue to rise in the coming weeks. I think a lot of us, too,
where when the market is in a bear state like this, they buy altcoins and bitcoins to trade.

They better be ready because if it comes, it will test your faith in bitcoin, if you hodl long enough, you will reap the rewards that are bestowed to the people who have the patience to wait for the next big pump and ATH. If you can't hodl then there's no saving you because it is your decision to sell bitcoin when there is a big dip.

[Anonylz]

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.

Being optimistic has nothing to do with rank you see, it all depends on individual believe and their strong will towards the market, some people are easily swayed by circumstance while others are not, ideally anyone who already been in crypto more than 4 years should not be too worried with the bear market but unfortunately as humans we can't help but worried when the market is down. It is a natural feeling.

[xSkylarx]

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?

For me I don't think it will go below $30k now but it would take weeks before we get back to $60k again. We quickly bounce when bitcoin reached $30k each a week ago so many people especially whales bought at this price and they won't let it go below that price because we could quickly go down on $20k because there is no resistance between those prices. If it bounces back very quickly then this will not be good for altcoins because if bitcoin price goes up fast then this means its dominance also increases. I think most of us that can only invest a small amount of money are into altcoins because the potential gain from this is higher than buying bitcoin now. If bitcoin slowly goes up and consolidates at a certain price range, then altcoins can catch up with bitcoin properly and make their new highs.

[Kelvinid]

Hopefully, $30k won't break again, because people aren't ready for the bear market crash.
But today's market has risen to a $39k high, hopefully, it will continue to rise in the coming weeks. I think a lot of us, too,
where when the market is in a bear state like this, they buy altcoins and bitcoins to trade.

Neither they are ready or not, if the market will fall, they have nothing to do about it but just to embrace the market change. Because it was always expected that not all the time the price is in the Bullish, time may come that it turns down back again.

But I think that people are already prepared for this situation. They might be preparing themselves to buy more Bitcoin if the moment has to come. But the question is if the price will able to decline below $30k where we can see that the price of Bitcoin is rising back above $40k? It sounds like the market won't let the chance for the bear season, not this time...

[Dollar_Hunter]

Hopefully it won't dump, but if according to the analysis of the strongest Bitcoin support is at $ 30k,
of course this will really help so that Bitcoin doesn't fall below that,
I can't imagine if the Bitcoin price drops below $ 30k and altcoins will certainly bleed and dump up to 100 % more,
it's terrible, hopefully it doesn't happen

[South Park]

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.

Very few investors think like that because they only care about the money, as much as they like to say that they believe in bitcoin because of its technology and what it can achieve in the forum they do not really believe that and just want some quick profits, I m not saying that is wrong but in a market like this that has such a huge volatility this is a problem especially when the crash comes and they decide to sell at the very bottom of the market only for the market to begin its recovery just when they sold their coins.

[Lanatsa]

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.

Very few investors think like that because they only care about the money, as much as they like to say that they believe in bitcoin because of its technology and what it can achieve in the forum they do not really believe that and just want some quick profits, I m not saying that is wrong but in a market like this that has such a huge volatility this is a problem especially when the crash comes and they decide to sell at the very bottom of the market only for the market to begin its recovery just when they sold their coins.

99% of people here on community does have that kind of mindset on where they do believe about making fast bucks or easy income with this and that's why they do really think off
on getting out in the market when they hear out some news or fuds which is totally a bad idea.

We are now playing in 38k price and somewhat stable or moving sideways.,There were no signs of possible dumps or crash but lets not really remove the thing that
anytime it could happen.

So better to prepare yourself anytime on what would be the price movement and make significant move about it.

[lepbagong]

Neither they are ready or not, if the market will fall, they have nothing to do about it but just to embrace the market change. Because it was always expected that not all the time the price is in the Bullish, time may come that it turns down back again.

But I think that people are already prepared for this situation. They might be preparing themselves to buy more Bitcoin if the moment has to come. But the question is if the price will able to decline below $30k where we can see that the price of Bitcoin is rising back above $40k? It sounds like the market won't let the chance for the bear season, not this time...

yes, I can probably agree with your response about bitcoin at the moment, although in a very deep correction it is not seen from the beginning of the year that bitcoin will experience a decline at this time.
it's the bad news that happens on social media that affects all of this and we can't stop it because it's always a fact that social media plays an important role in the movement of bitcoin.
but not all bad news should always be responded to with excessive panic so that the market receives a negative.

but with the decline, many who previously could not enjoy bitcoin are given the opportunity to be able to do something now to also be able to own and enjoy the increase that will be received later.

I really believe that bitcoin will be able to bounce back because I don't see that bitcoin will continue to fall or fall below once between $20K-$30K, but stay above $30K and this is certainly good news because if want to increase it will be easier done.

[Kong Hey Pakboy]

This week is ending and I think it is safe to say that bitcoin won't drop below 30k USD this week but the next week is another question and so are the other following weeks, we just have to wait and see what happens next.

[elisabetheva]

This week is ending and I think it is safe to say that bitcoin won't drop below 30k USD this week but the next week is another question and so are the other following weeks, we just have to wait and see what happens next.

maybe if it drops below $ 30K, a lot of possibilities will happen with bitcoin, because a very sharp decline will have no good impact, without any improvement efforts where it can be ascertained that bitcoin is indeed in a period of prolonged crisis.

For this week it may seem like bitcoin will be safe above $ 30K and don't see any decline, but we can't predict whether at the end of the week there will be a drop below $ 30K. but hopefully that doesn't happen.

Currently bitcoin is in a fairly stable position between $ 30K- $ 40K and moving between it at this time, do not want to fall further down and there is also no want to rise above. we will wait for further developments, because optimists must continue to be awakened to it.

[gabbie2010]

Well, just think of any possibility that can happen since it's very close to the $30k spot. If it manages to reach back that price, there will be a lot of buy orders that will be filled that consider it as the dip for this cycle. And once it happens, we'll see that it's going to recover a little which will encourage those people that are still in doubt and fear because of the bad news that has come.

There can be a reversal that it shall bring it to $40k. I'm still positive that it can get back to $60k but I don't know when it can happen. If this is the same scenario as the 2018 bear market, I like this year more than that year with what I'm seeing, even more.

We can see that the support in the 30k level is quite strong, but in this market, everything is possible to happen. So it may go down below 30k but it can go up fast. Another week in trading and we will see where the market is moving. I am also optimistic in this market as the adoption this time is very different than in previous years. We need one good news to get up again.

The support  at $30K had held the price twice the price is heading down for the third attempt I believed a lot of buyers will buy dip at that zone thus that may trigger a possible reversal, and halt the continuous bearish runs, I believe the price correction wouldn't go beyond 50% which is quite normal, we can't be experiencing bullish runs all through there is a time for the bear to run the market which is what we are presently experiencing in the market.

[ene1980]

The support  at $30K had held the price twice the price is heading down for the third attempt I believed a lot of buyers will buy dip at that zone thus that may trigger a possible reversal, and halt the continuous bearish runs, I believe the price correction wouldn't go beyond 50% which is quite normal, we can't be experiencing bullish runs all through there is a time for the bear to run the market which is what we are presently experiencing in the market.

I am also expecting the same pattern the third time around, the market had a solid support around $28k and i hope we will not see further downhill unless there is a another FUD that could manipulate the market so hard that we might see another correction, other than than i am hoping investors getting the coins around those support levels and we could see these patterns for a while.

[STT]

Theres a good range or box to BTC pricing recently and we are towards the bottom of that range and likely to rise from there for the moment.   Its just challenging the 12hr and might go on towards challenging the 2 day moving average and so on.   What tends to happen until we break the upper and lower range we continue to repeat up and down and that would keep us above 30k.
   See how this develops but for now its not breaking out up or down just yet:

[onecall123]

This week is ending and I think it is safe to say that bitcoin won't drop below 30k USD this week but the next week is another question and so are the other following weeks, we just have to wait and see what happens next.

maybe if it drops below $ 30K, a lot of possibilities will happen with bitcoin, because a very sharp decline will have no good impact, without any improvement efforts where it can be ascertained that bitcoin is indeed in a period of prolonged crisis.

For this week it may seem like bitcoin will be safe above $ 30K and don't see any decline, but we can't predict whether at the end of the week there will be a drop below $ 30K. but hopefully that doesn't happen.

Currently bitcoin is in a fairly stable position between $ 30K- $ 40K and moving between it at this time, do not want to fall further down and there is also no want to rise above. we will wait for further developments, because optimists must continue to be awakened to it.

Yes I'm seeing the same. we all know know the market sentiment is a bit bearish. Bitcoin may actually continue this trend between $30K- $40K sometime more. The buyers walls weaken every-time, I can hardly believe that 30k support won't break during this bear market. There's a lot of strong motive, I doubt it’ll end earlier than the other cycles. Though anything can happen in crypto we better sell, short and buy back if you want this scheme.

[Farma]

I hope the price will stay above $ 35k for now, or even go higher. however, currently, the price is strong enough to be above $ 30k. however, sometimes the beginning of the month brings something new. I just hope that in early June the price of bitcoin can increase higher than the current price.

[South Park]

I hope the price will stay above $ 35k for now, or even go higher. however, currently, the price is strong enough to be above $ 30k. however, sometimes the beginning of the month brings something new. I just hope that in early June the price of bitcoin can increase higher than the current price.

The market is undecided at the moment about where to go, it does not seem we can take a direction as even if the price is low and people are buying coins at the same time the price goes down quickly and it returns to its previous levels as people do not want to risk being on bitcoin for too long and are taking only short trades, this seems to me as if it is going to be the reality for the market for some time, however the soft fork that is coming thanks to the approval of taproot could be what we need for the price to skyrocket again.