Will bitcoin dump below $30,000 this week?

[CryptopreneurBrainboss]

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.

Glad that wait is over as this week is looking promising and hopefully the market can recover from here. The sad News now would be if people in the community didn't fill up their bags because they were waiting for the $20k price range to be reach since it was all over the news of bitcoin dumping to that particular price.

The market always goes against how this so called crypto experts think. We should have realized that by now and start using it against them by placing ourselves in the best positions.

[ultrloa]

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.

People seems confused on whats happening to the market the confidence to hold has been lessen thats why many has been doing crazy things in the market, but once Bitcoin at 35,000 $ up provably we can see more people are holding back bitcoin again. The fear of losing will be lessen so maybe we can see the price shooting  up again.

[Shasha80]

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.

People seems confused on whats happening to the market the confidence to hold has been lessen thats why many has been doing crazy things in the market, but once Bitcoin at 35,000 $ up provably we can see more people are holding back bitcoin again. The fear of losing will be lessen so maybe we can see the price shooting  up again.

Until now the movement of Bitcoin is still stable above the price of $ 35k, and several times tried to return to the price of $ 40k but still failed.
Therefore, there are still many possibilities that could happen, it could be if a lot of FUD circulated, there will be a lot of Bitcoin holders who panic
and sell their Bitcoins. As a result Bitcoin could go down again, hopefully that doesn't happen. Actually, there's no need to be confused about
the current market, we don't have many choices to take, and the best option is holding Bitcoin that we have, because I think Bitcoin price will
go up again this week. So the possibility to drop below $30k will not happen if we look at Bitcoin's current movement and there are not many
FUDs circulating right now.

[STT]

Its in a range still and theres a small uptrend the last few days.   I doubt its that significant but if held it would presumably build higher but if broken possibly lead us back to lower boundaries of the range since 19th May



We've on the 2 day average with weekly matching the recent high, an attempt but ultimately we reversed back to this level.   Basically all 3 things are converging now, averages and this small uptrend and I presume we resolve a direction while sorting between them.

[LUCKMCFLY]

This week I see less the possibility of BTC falling below $ 30k, although the mass indicates that BTC will fall more I think it is an ideal time for those weak hands that have so much panic, sell and the bullish trend takes revenge , this scenario is shown here:

Strong Bitcoin Rally in Sight As Extreme Fear Grips BTC: Crypto Analyst Alex Krüger



and:

Krüger also reminds his followers that Bitcoin has survived one of its worst months in history. He reiterates a tweet by fellow crypto analyst Luke Martin who keeps tabs on Bitcoin’s deepest monthly sell-offs since 2016.

“May 2021 is the bloodiest month for BTC in its history. Worst monthly returns in last 5 years:
•May 2021: -37%
•Nov 2018: -36%
•Mar 2018: -32%
•Jan 2018: -27%
•Mar 2020: -25%.”

Source: https://dailyhodl.com/2021/06/01/strong-bitcoin-rally-in-sight-as-extreme-fear-grips-btc-crypto-analyst-alex-kruger/

The prospects are very good, of course very few analysts are seeing the market in this way, it is just a matter of waiting.

[rhodelmabanal]

Now it had crossed one week.The price of bitcoin was not reduced to 30000 and make a confirm statement.The price of bitcoin will not back to 30k at any circumference for the recent time.It may vary with a period of 2-3 months.Because the dump is also a common factor in the bitcoin trading.With the end of june month,we can expect the 50k again.

Yes i agree on that we an maybe saw bitcoin at 50k$ again, bitcoin is now starting to rise and there is no doubt that it will never fall down below 30k$, we are still at bullish price is still high and it start to rise again maybe 100k$ speculation at price till the end of this year will come true.

[chikading2016]

Now it had crossed one week.The price of bitcoin was not reduced to 30000 and make a confirm statement.The price of bitcoin will not back to 30k at any circumference for the recent time.It may vary with a period of 2-3 months.Because the dump is also a common factor in the bitcoin trading.With the end of june month,we can expect the 50k again.

Yes i agree on that we an maybe saw bitcoin at 50k$ again, bitcoin is now starting to rise and there is no doubt that it will never fall down below 30k$, we are still at bullish price is still high and it start to rise again maybe 100k$ speculation at price till the end of this year will come true.

I saw bitcoin price stays above 30k$ and after so many days it never drop below the 30k$ price so I think it can never drop below 30k and i agree that there is a posibility that the price of btc will reach 100k$ at the end of the year. Let see how this price back to bullish again and maybe buying is now the most good action this time.

[yohananaomi]

Nobody knows.

But bulls will probably be looking for a bounce this week. If that doesn't happen, I'm sure a lot will be thinking long term bear market.

However, 2013 had a large drop mid cycle, so anything is possible.

All I know is that this would be a good time for any institutions that were thinking of buying to buy.

it is inevitable that in situations like this it is clear that many are using the opportunity to be able to buy bitcoin, when else will the opportunity occur that bitcoin experiences a very deep correction so that the price drops drastically. If you don't use this opportunity, then the time that has been given to you will disappear by itself.

we know that until now bitcoin is still looking for a loophole to be able to bounce back to continue the time left behind because external cases that come repeatedly make bitcoin unable to avoid it, so it undergoes a correction.

the bitcoin upgrade period is still there and real, will continue to run again after all can be resolved. because the time until the end of the year for bitcoin to increase and it's still quite a long time.

agree with your initial opinion, no one will ever know if bitcoin will drop to $30K, but very sure it won't. if it happens then we do not know what happened to bitcoin.

[molsewid]

Now it had crossed one week.The price of bitcoin was not reduced to 30000 and make a confirm statement.The price of bitcoin will not back to 30k at any circumference for the recent time.It may vary with a period of 2-3 months.Because the dump is also a common factor in the bitcoin trading.With the end of june month,we can expect the 50k again.

It seems that the cryptomarket is now recovering, though it is early to announce but it's good to see that bitcoin and other major cryptocurrencies made a great resistance to the dumped market. I just that we shouldn't have to witness the crypto market saturated again like bitcoin price goes dumped below $30,000 because it is not impossible at the same time. The bull run probably has ended but maybe bitcoin is preparing for another sky rocketed come back.

[GelatikKembar]

under $30k again? I don't think it will happen again, because when the Bitcoin price dumps below $30k it's just a wick,
and that is a sign that the support in the $30k area is very strong, of course if you think that bitcoin will fall more than $30k you will miss the train ,
buy when the price is $35k to $37k because thats a good price for enter

[Golftech]

under $30k again? I don't think it will happen again, because when the Bitcoin price dumps below $30k it's just a wick,
and that is a sign that the support in the $30k area is very strong, of course if you think that bitcoin will fall more than $30k you will miss the train ,
buy when the price is $35k to $37k because thats a good price for enter

Any position that you take if you back it up with good research will give you benefits in the long run,

We can't say that it won't happened again since there are fuds that may happened and bring the  entire

market to shake down and those weak holders will add the pressure breaking the strong ground.

[Ararbermas]

Bitcoin now is regaining back to the top and seems have no chance to fluctuate again because of the percentage itself everyday when i always try to check it in the market wherein a good sign indeed.. Probably this is the right time to accumulate again for the bullish as its keep holding as well at the current support in my personal opinion wherein just to don't miss the train.

[mhine07]

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

[Dave1]

under $30k again? I don't think it will happen again, because when the Bitcoin price dumps below $30k it's just a wick,
and that is a sign that the support in the $30k area is very strong, of course if you think that bitcoin will fall more than $30k you will miss the train ,
buy when the price is $35k to $37k because thats a good price for enter

But we are not so sure because the current sentiments tends to be bearish, so there is a possibility that we can go down to $30k specially if there is a negative news again. Yes, there could be support in the $30k levels but how strong it is. We can't even break $40k, that is the numbers that we need to look it if we don't want the price go to $30k or even below.

Nevertheless this period of accumulation should be taken advantage of every trader, to amass bitcoin and then hold for long term. We still have the last quarter of this year to see if we are going to see another massive spike in prices.

[lienfaye]

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

Thats true we cant certainly predict the price in the coming days or months since we dont have crystal ball to know it. But based on the past history, even the market turn to bearish the time will come the situation will be better and most coins are going to recover back.

Somehow the price is recovering but still unstable. We are on the last month of second quarter, uncertain if the price will stay this way or will bounce back. Sometimes its better not to often monitor the market to avoid overthinking. Just go with the flow and forget for a while the market condition.

[Chato1977]

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?

it does and you are correct.

I wish i saw this before comes to happen because i hate to say this but i have need some funds badly this week and i had no choice but to withdraw part of my Bitcoin holding even if i don't want to do.

instead of taking loans , i rather convert some coins.

[zanezane]

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

That's the beauty and ugliness of living in this world and doing things, you never what's going to happen next or what's in store for you. 30k is still normal in my opinion, we just got to accustomed to the high prices and big pumps that we thought that a dump in 30k is a bad thing, of course it will go back up again but we have to wait for it to happen.

[Baofeng]

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

That's the beauty and ugliness of living in this world and doing things, you never what's going to happen next or what's in store for you. 30k is still normal in my opinion, we just got to accustomed to the high prices and big pumps that we thought that a dump in 30k is a bad thing, of course it will go back up again but we have to wait for it to happen.

I think it is also normal to see the price of bitcoin going as high as $60k as we have touch it already because it will make us happy as our portfolio grow. But many investors are so down, looking at their portfolio now because it is -50% or near that levels. And since it's been weeks now and even $40k is rejected instantly, I've said everyone should learn to accept that it might take some time before the price goes up again and recover. So yes, $30k might be the new norm for now.

[South Park]

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

[anti-dot]

No one knows what will happen again in bitcoin price, but it is only normal that a cryptocurrency will go dip in value. Just like what happened before that the bitcoin price significantly goes low and crash followed by most of the cryptocurrencies. And it seems that it will surely go back to normal state where they can recover again.

It is going to be difficult for bitcoin to go below that level, when the price was crashing we saw a very strong resistance at that point, I can only assume that this level was defended by the heavyweights of this market, old whales and institutional investors, which means that the chances that we see bitcoin below 30k this week or ever are very low and most likely it is never going to happen as it goes against the interests of the whales for the price to go that low.

Are you sure? 30k will have a lot of resistance but it is possible that whales push it down that far causing panic in the market while creating their own buy orders lower. I would say below 30k is possible. I know the post was from last week but now we see that Bitcoin struggles a good bit more than last week or at least at this level.
I wouldn't like it though because as we all know it has a lot of influence on all other coins as well. That's annoying every time when Bitcoin drops all your other crypto assets are in shambles as well.