Will bitcoin dump below $30,000 this week?

[Inspiron14]

Yes, its conceivable that it will break down under $30k, just two days back Bitcoin close enough this resistance. However, Bitcoin shoots to 38K earlier today and likely it will continue pump and dump scheme. It implies the big boys institutional smart money is moving in because they already know the game. what happened right here looks really fishy.

If you are on the long-term side of things, I am pretty sure that there's nothing to worry about because in the end, the prices are going to go up high in the future that the prices moving at an erratic pace this day will be a yesterday's thing.

are you from the future? Is it true that Bitcoin will always go up in the future? mate, we don't know what the future will be,
we better be wise about this, Bitcoin's strongest support is at $30k, just wait until everything is safe and then enter, if $30k is passed,
then we will see Bitcoin price really bearish, and bottom of course not yet known

[STT]

To dump to lower prices requires a break of range which I dont think is happening immediately this week.  BTC has a strange dynamic in its weekly bar is ending on a Sunday which doesnt include the full range of markets, its maybe Monday you should take most notice of even though its also the beginning of a new bar.

Anyhow I would guess we have a light touch and are rising upto the boundaries rather then breaking down especially now.



Nothing is certain, just my estimate of a fair range to note based on prior action

[ultrloa]

Yes, its conceivable that it will break down under $30k, just two days back Bitcoin close enough this resistance. However, Bitcoin shoots to 38K earlier today and likely it will continue pump and dump scheme. It implies the big boys institutional smart money is moving in because they already know the game. what happened right here looks really fishy.

If you are on the long-term side of things, I am pretty sure that there's nothing to worry about because in the end, the prices are going to go up high in the future that the prices moving at an erratic pace this day will be a yesterday's thing.

are you from the future? Is it true that Bitcoin will always go up in the future? mate, we don't know what the future will be,
we better be wise about this, Bitcoin's strongest support is at $30k, just wait until everything is safe and then enter, if $30k is passed,
then we will see Bitcoin price really bearish, and bottom of course not yet known

Well thats his just prediction only but if we base on reality this could never happen, maybe we can see the same scenario when bull run cames that bitcoin price pump harder but its impossible for it to pump up always like crazy. It was traded on the marker where anyone can msnipulate it, maybe the real scenario to see in future is the bitcoin price is at 6 digits figures at that time.

[Luqman]

I don't want to spread a FUD. But I never read about the Bitcoin price that will go down again until $28k before rising up. Well, if the price break the resistance and the price of BTC is really under $30k, it will be a very big change. The price drops so much more again. And the chance is to wait for the bullish season that probably will need more months again to rise up. So, it is better to be calm and see what the market will do., Never panic sell or buy crypto right now because it will really give influence to the price

[karanggatak]

I think the bitcoin bottom in the future is at $30k and it won't be possible to get below that.
currently the bitcoin price floor until the next halving is around $30k there may even be a new floor in the next few months.
the price of bitcoin this year I think it's still not at its peak we just need to buy it as much as we can at the current low price believe me in the future bitcoin will be even more fantastic than this year

[romero121]

The prices are still well above 30k this day so I don't think that we will see it go down anytime soon or maybe your prediction is really off and it might happen next month or another next month but it doesn't matter because people that has a long-term goal won't mind the prices going down temporarily because in the end it will have no other way but to go up.

Maybe this could go up, but based on the market trend it is supposed to break $38k by now. Nothing big has happened, and the price is around the $35k range. If it didn't gain resistance surely we'll see less than $30k in the falling weeks. I don't have an exact timeline for the price movements. Somehow within this year end we'll see the price down to $25k for sure.

[stadus]

The prices are still well above 30k this day so I don't think that we will see it go down anytime soon or maybe your prediction is really off and it might happen next month or another next month but it doesn't matter because people that has a long-term goal won't mind the prices going down temporarily because in the end it will have no other way but to go up.

Maybe this could go up, but based on the market trend it is supposed to break $38k by now. Nothing big has happened, and the price is around the $35k range. If it didn't gain resistance surely we'll see less than $30k in the falling weeks. I don't have an exact timeline for the price movements. Somehow within this year end we'll see the price down to $25k for sure.

Nothing is impossible when the market is bearish, we've witnessed a lot of big dumps in the past and the market is not changing, so it's likely to happen again. When we see a panic buying, a panic selling could also happen and that's when the market correction starts.

I'm not worried about bitcoin going down $30k, it's a normal thing for those who are not aware of the price movement history.

Any price could happen, but eventually, bitcoin will recover and will have a new bull market.

[Rajamuda]

In my personal opinion, even though it's not certain, it's very likely that it's more than 30k+. If from the price movement, it still has the potential and is more dominant in the upward movement, as for other things that could affect it.. that's not certain but I still believe it won't go down further than 30k.

[South Park]

Yes, its conceivable that it will break down under $30k, just two days back Bitcoin close enough this resistance. However, Bitcoin shoots to 38K earlier today and likely it will continue pump and dump scheme. It implies the big boys institutional smart money is moving in because they already know the game. what happened right here looks really fishy.

If you are on the long-term side of things, I am pretty sure that there's nothing to worry about because in the end, the prices are going to go up high in the future that the prices moving at an erratic pace this day will be a yesterday's thing.

are you from the future? Is it true that Bitcoin will always go up in the future? mate, we don't know what the future will be,
we better be wise about this, Bitcoin's strongest support is at $30k, just wait until everything is safe and then enter, if $30k is passed,
then we will see Bitcoin price really bearish, and bottom of course not yet known

Everyone can make their own prediction and that is his own, and taking into account that countries printed a great deal of money during the pandemic and they are going to do it again in order to improve the economy then it is safe to say that over the long term the direction of the price of bitcoin will be upwards, after all this is what see in the history of bitcoin, if you see the price then there are ups and downs but when you see the average of those prices over the long term the line that is drawn is almost always going up.

[Yamifoud]

Yes, its conceivable that it will break down under $30k, just two days back Bitcoin close enough this resistance. However, Bitcoin shoots to 38K earlier today and likely it will continue pump and dump scheme. It implies the big boys institutional smart money is moving in because they already know the game. what happened right here looks really fishy.

If you are on the long-term side of things, I am pretty sure that there's nothing to worry about because in the end, the prices are going to go up high in the future that the prices moving at an erratic pace this day will be a yesterday's thing.

are you from the future? Is it true that Bitcoin will always go up in the future? mate, we don't know what the future will be,
we better be wise about this, Bitcoin's strongest support is at $30k, just wait until everything is safe and then enter, if $30k is passed,
then we will see Bitcoin price really bearish, and bottom of course not yet known

Everyone can make their own prediction and that is his own, and taking into account that countries printed a great deal of money during the pandemic and they are going to do it again in order to improve the economy then it is safe to say that over the long term the direction of the price of bitcoin will be upwards, after all this is what see in the history of bitcoin, if you see the price then there are ups and downs but when you see the average of those prices over the long term the line that is drawn is almost always going up.

That's the right thing to do, based on the history of bitcoin and we will never fail the uncertainty of its future. Our countries are printing money, and that will lead to hyperinflation in the future, we might not feel it yet now but this unlimited supply of money our government has has a lot of hidden agenda inside that a normal citizen did not see and understand but we will eventually feel the effect.

[kapalmabur]

In my personal opinion, even though it's not certain, it's very likely that it's more than 30k+. If from the price movement, it still has the potential and is more dominant in the upward movement, as for other things that could affect it.. that's not certain but I still believe it won't go down further than 30k.

Bitcoin has gone back up to $39k now, even though many people thought that the price of Bitcion had dumped again,
and some had already taken profit, but when it changed instantly, this is the cryptocurrency market!, no one can set a benchmark

[Farma]

In my personal opinion, even though it's not certain, it's very likely that it's more than 30k+. If from the price movement, it still has the potential and is more dominant in the upward movement, as for other things that could affect it.. that's not certain but I still believe it won't go down further than 30k.

Bitcoin has gone back up to $39k now, even though many people thought that the price of Bitcion had dumped again,
and some had already taken profit, but when it changed instantly, this is the cryptocurrency market!, no one can set a benchmark

a few weeks ago also the price of bitcoin had exceeded the price of $ 40k, but quickly dropped to the price of $ 32 and back to the price of $ 35k. we don't know what will happen in the future. although the potential for bitcoin prices to be below $30k is there, but seeing the price rise to $39k today makes me confident again that the bitcoin price can reach more than $40k in the near future.

[YinShuiSiYuan]

Everything indicates that the correction is over and the price of Bitcoin is starting to rise again. I think that for a long time now there will be no chance to buy BTC at such a low price. A drop below $30k in my opinion will not happen this year.

[stadus]

Everything indicates that the correction is over and the price of Bitcoin is starting to rise again. I think that for a long time now there will be no chance to buy BTC at such a low price. A drop below $30k in my opinion will not happen this year.

We've seen this before, if it's really over then we will see bitcoin back to $60k, if it's not then bitcoin will stay at $30k and will probably fall. There's no more hype, we might again disappoint with our expectation, but let's see if bitcoin could get past $40k as that's the first barrier.

[Raflesia]

Everything indicates that the correction is over and the price of Bitcoin is starting to rise again. I think that for a long time now there will be no chance to buy BTC at such a low price. A drop below $30k in my opinion will not happen this year.

We've seen this before, if it's really over then we will see bitcoin back to $60k, if it's not then bitcoin will stay at $30k and will probably fall. There's no more hype, we might again disappoint with our expectation, but let's see if bitcoin could get past $40k as that's the first barrier.

It's only a few hours after bitcoin reached $40k and not yet a full day has passed 40k even I still doubt bitcoin will stay at this time, and surely the correction will occur again with a decrease of $30k.
bitcoin's reach is still uncertain whether this hype will start or not because the situation is still fluctuating with existing resistance, so there are still some investors who take profits now and this and sell it then wait at $30k and buy it back.
I think the ups and downs will continue to happen and take effect in the next few weeks.

[KennyR]

Everything indicates that the correction is over and the price of Bitcoin is starting to rise again. I think that for a long time now there will be no chance to buy BTC at such a low price. A drop below $30k in my opinion will not happen this year.

We've seen this before, if it's really over then we will see bitcoin back to $60k, if it's not then bitcoin will stay at $30k and will probably fall. There's no more hype, we might again disappoint with our expectation, but let's see if bitcoin could get past $40k as that's the first barrier.

This time the market will soon cross the $40k barrier. Once that is crossed we can expect a big growth on successful breaking of $42000. If the $42k barrier isn't crossed then we can expect the decline in the market. The price could've gone low to $30k by now, but the manipulation from Elon Musk is driving the market forward. So, anytime there is chance for market crash.

[TravelMug]

Everything indicates that the correction is over and the price of Bitcoin is starting to rise again. I think that for a long time now there will be no chance to buy BTC at such a low price. A drop below $30k in my opinion will not happen this year.

We've seen this before, if it's really over then we will see bitcoin back to $60k, if it's not then bitcoin will stay at $30k and will probably fall. There's no more hype, we might again disappoint with our expectation, but let's see if bitcoin could get past $40k as that's the first barrier.

It's only a few hours after bitcoin reached $40k and not yet a full day has passed 40k even I still doubt bitcoin will stay at this time, and surely the correction will occur again with a decrease of $30k.
bitcoin's reach is still uncertain whether this hype will start or not because the situation is still fluctuating with existing resistance, so there are still some investors who take profits now and this and sell it then wait at $30k and buy it back.
I think the ups and downs will continue to happen and take effect in the next few weeks.

It did break the $40k barrier, but I don't think we have enough momentum to push to at least $42k. So we will see if the price will sustained, or if there are speculators going to sell, specially those who bought at $32k and make some easy profits.

Yes, I believed that we will continue to see so much volatility in the market unless we go to $50k which is very doubtful this month. But I do hope that $40k will be at least the norm this month and wait then for another break out run.

[onecall123]

Everything indicates that the correction is over and the price of Bitcoin is starting to rise again. I think that for a long time now there will be no chance to buy BTC at such a low price. A drop below $30k in my opinion will not happen this year.

We've seen this before, if it's really over then we will see bitcoin back to $60k, if it's not then bitcoin will stay at $30k and will probably fall. There's no more hype, we might again disappoint with our expectation, but let's see if bitcoin could get past $40k as that's the first barrier.

This time the market will soon cross the $40k barrier. Once that is crossed we can expect a big growth on successful breaking of $42000. If the $42k barrier isn't crossed then we can expect the decline in the market. The price could've gone low to $30k by now, but the manipulation from Elon Musk is driving the market forward. So, anytime there is chance for market crash.

Finally, Bitcoin is back above $40,000 and maintaining it until this point. Massive bull run if maintained above $42,000 however I have question about that. We need to remain above $42K area to confirm the bullish movement. Elon Musk could control market, his tweets show that the crypto market for the present is a joke. Let's forget Elon Musk for a while, we'll break the wall at $42,000 this time?

[DOH!]

We successfully resisted at $30k and quickly regained the catalyst in El Salvado, Taproot, Elon & Tesla.  Assume that the market is going to form a short sale, returning to the $30k level after rallying more than 13% yesterday.  That would be goddamn madness.  Elon and Tesla are still in the game, but I don't think they'll ever act back for the trust of this community.  43k-45k coming this week is reasonable given good conditions.  Personally, I'm ready. The indicators on the chart have changed significantly.

[justdimin]

It's only a few hours after bitcoin reached $40k and not yet a full day has passed 40k even I still doubt bitcoin will stay at this time, and surely the correction will occur again with a decrease of $30k.
bitcoin's reach is still uncertain whether this hype will start or not because the situation is still fluctuating with existing resistance, so there are still some investors who take profits now and this and sell it then wait at $30k and buy it back.
I think the ups and downs will continue to happen and take effect in the next few weeks.

The price is never something you can predict, that is why we are not super wealthy people because if we could predict it correctly each time we would have done that and become richer than Jeff Bezos. By the looks of it the correction is not happening right now, it doesn't mean that it's over, it is just not around right now, maybe a trust check by the investors after Elon tweeted or whatever the reason is the price is doing fine for now.

What we will know is after a while the price will either drop down just a bit and it will be decent, or it may not drop and it will have a huge increase and that will be the reason, I do not know which one will happen but before any of those directions happen we will not know about it. I believe there is a good chance it could increase and go high very soon, but I do not "know" it, I just feel it and maybe I am right or maybe I am wrong who knows.