Will bitcoin dump below $30,000 this week?

[newwest]

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.

30K for me was sort of bottom only and couple of times it tested and could manage to resist that and now we have seen btc crossing 40k. Seems if it can resist this 40k for couple of days then we might see it moving upwards towards 45k and slowly btc will regain it 50k mark in coming month or so.

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[dmamigo]

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.

With Elon Musk still playing around I am still being cautious because I now don't trust this person and his actions if it is related to crypto only. But with growing acceptance and faith for Bitcoin we might have resisted it but just to be on the safer side don't put all in one basket.

[Dr.Osh]

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.

30K for me was sort of bottom only and couple of times it tested and could manage to resist that and now we have seen btc crossing 40k. Seems if it can resist this 40k for couple of days then we might see it moving upwards towards 45k and slowly btc will regain it 50k mark in coming month or so.

It's been a while since bitcoin has been holding up to $30k, and now it's very close to $40k. I'm also pretty sure that in the near future, we'll see another $50k price tag. although there is currently no trigger for it, but the price of bitcoin may look easy to rise to the price of $50k once the price has exceeded the price of $45k. hope it happens this week.

[Review Master]

It's been a while since bitcoin has been holding up to $30k, and now it's very close to $40k. I'm also pretty sure that in the near future, we'll see another $50k price tag. although there is currently no trigger for it, but the price of bitcoin may look easy to rise to the price of $50k once the price has exceeded the price of $45k. hope it happens this week.

Indeed, bitcoin will again hit $50k price if it can break $42-$45k price level as 200 MA and 200 EMA is on that zone which is now becoming the strong resistance just like $39k was previously. Also, bitcoin needs to break that zone to avoid death cross and we need huge volume for that as well. Hoping to see another bounce in the upcoming weeks as we're close to the death cross. Lets just wait and hopefully bulls will be on leading to pump it. 

[Slow death]

there are 6 days left to complete 1 month since this thread was made and I think the question of Op is still being asked at this moment by hundreds of people: will the price drop below $30000? With the price being rejected at over $39,500 the uncertainty will remain in the minds of many people. in my opinion i think that only if the price drops below $30,000 we could have cause for concern, as long as the price is above $30,000 we don't need to be worried, and to be honest I think it's impossible for bitcoin price to drop below $30,000 this year

[sana54210]

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?

As we can see bitcoin dumps are gone, because we are in a bull market once again and people are quite happy with what we are living right now. I get that it is not always like this but it is like this for now, we should take advantage of it while we can. We broke over 40k just the other day, and we are a bit lower right now but it is like just 1k or so down, this could be accumulation phase and we could make a lot more money.

I really hope that we could make a decent return from here and reach to 64k+ prices and break ATH, I know it is not going to be easy but it can be done and I hope that it will be during the summer because usually summer is a bear market period and when we end up higher during summer that means it is going to be even better during winter as well. I am not sure what is going to happen, this is just my guess and hopes that's it, I can't guarantee anything.

[peter0425]

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?

no and will never be , there is no week of this month that Bitcoin will drop below that and what we got is a bottom when we touched 32k.

After Elon Musk's last statement about Bitcoin mining, the price rose again and managed to reach $40k. Now, it is below 40k but I don't think also that it will go down below 30k. And I hope we don't see any big news which can cause the price to go down that much.

Only manipulator that goes with the flow from that statement because look at the market now it did not even progress from 40k.

[Natalim]

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?

no and will never be , there is no week of this month that Bitcoin will drop below that and what we got is a bottom when we touched 32k.

I would not be too confident on that, bitcoin is very unpredictable, after it breaks $40k, it started to fall down again.
If what we will see is more downtrend, then there's no doubt that the bar market has already taken over.

After Elon Musk's last statement about Bitcoin mining, the price rose again and managed to reach $40k. Now, it is below 40k but I don't think also that it will go down below 30k. And I hope we don't see any big news which can cause the price to go down that much.

Only manipulator that goes with the flow from that statement because look at the market now it did not even progress from 40k.

Manipulator is here and will stay for long, you can judge by the price movement, it's very volatile, one day it will pump hard, the next day it will dump like everyone will be panic, that has been the nature of crypto, but hopefully it will change in the future.

[Oasisman]

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?

no and will never be , there is no week of this month that Bitcoin will drop below that and what we got is a bottom when we touched 32k.

The guy above you was asking about a possible dump in the next few days since May 23, and it has been more than 3 weeks and obviously Btc didn't dropped below that level. However, we cannot always guarantee about our price predictions. As you can see, there were good news about Bitcoin adoption (El Salvador) and yet there were no market reactions. Also, the Chinese banning of crypto mining has been circulating around the internet, yet there's no market reaction as well. 
There might be another thing that'll trigger Btc's price except the FUD and Hype.

[elisabetheva]

After Elon Musk's last statement about Bitcoin mining, the price rose again and managed to reach $40k. Now, it is below 40k but I don't think also that it will go down below 30k. And I hope we don't see any big news which can cause the price to go down that much.

social media does play an active role, I agree with you that really hope that no big bad news leads to a very deep correction. let people like @elonmusk never be given a chance to be trusted with what is said because he just wants to make a profit from it, for the benefit of himself and the company.

if he continue to be given bad news opportunities like this, it will continue to happen and is not good for the development of bitcoin and crypto in general. let us just listen to the good news in order to increase bitcoin.

we hope that bitcoin doesn't fall below $30K, of course it will have another impact on bitcoin's development, although I'm sure bitcoin will continue to increase by the end of this year.

[South Park]

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

And now the price is going down again, things are in a sort of limbo, the market does not have the strength to recover and the price cannot go down anymore, to me this seems like an artificial creation by the whales as they benefit from these low prices and they are taking their time buying their bitcoin as a way to avoid the price going up too quickly, but this cannot last forever and things will eventually improve, just make sure to still hold your bitcoin when that times comes.

[Mr.Scott]

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

And now the price is going down again, things are in a sort of limbo, the market does not have the strength to recover and the price cannot go down anymore, to me this seems like an artificial creation by the whales as they benefit from these low prices and they are taking their time buying their bitcoin as a way to avoid the price going up too quickly, but this cannot last forever and things will eventually improve, just make sure to still hold your bitcoin when that times comes.

I have to say, market not as longer bullish any more. So much disappointment out there, and things turning bad again as Bitcoin break the $37K support zone. If downtrend continues we will see more volatility in the market. Bitcoin is going down as many technical analytics said it. Bitcoin should hold the support zone otherwise we see quick dump. I'm thinking only long term here. 

[judaspriest]

this week will be scary for Bitcoin, because the $37k support has been passed and the breakdown,
and if $35k is also exceeded then we will see $30k for a few times,
and $30k if not strong enough then we will see terrible things this year, yes be careful,
don't let you hold altcoins and bitcoins during a bear market.

[bitgolden]

social media does play an active role, I agree with you that really hope that no big bad news leads to a very deep correction. let people like @elonmusk never be given a chance to be trusted with what is said because he just wants to make a profit from it, for the benefit of himself and the company.

if he continue to be given bad news opportunities like this, it will continue to happen and is not good for the development of bitcoin and crypto in general. let us just listen to the good news in order to increase bitcoin.

we hope that bitcoin doesn't fall below $30K, of course it will have another impact on bitcoin's development, although I'm sure bitcoin will continue to increase by the end of this year.

Social media plays a role BIG TIME in crypto, it is really one of the most important places, specially twitter. I do understand that there are some people who would like to make a big deal out of Elon Musk but the reality is that there are way too many crypto twitter accounts out there and they make a big noise as well.

There has been a ton of other coins that went up during this past year because of those places, I do not remember the name now but something like btt or something went up like that, and there was this fan token thing (chilly or something? that went up a lot as well, that was not about Elon Musk, he did nothing but it still went up, all because people tweeted about it. Long story short we are talking about a period where things are going up like crazy because of twitter "influencers" and Elon Musk wasn't alone in that regard.

[geegaw]

this week will be scary for Bitcoin, because the $37k support has been passed and the breakdown,
and if $35k is also exceeded then we will see $30k for a few times,
and $30k if not strong enough then we will see terrible things this year, yes be careful,
don't let you hold altcoins and bitcoins during a bear market.

Since that moment bitcoin can no longer go higher and capitalization dissolves into silence and disappears, every week is a very long story about the fear that we and bitcoin can't get through this difficult situation but thinking about the past, I can only be as resilient and strong as I have accumulated in life. The bears start playing and soon get bored of this party we will also be safe again, it is not necessary to let our selves fall into anxiety, bad morale will greatly affect the process and results, a strong investor must not live in such a way.

[Inspiron14]

it's still very scary to see Bitcoin price movements on the weekend, yes this is because some traditional markets close,
and make whales unable to contribute to the market, as a result many people do fake buy and sell, and volatility goes up,
of course this will affect the trend of Bitcoin in the market, don't be fooled

[Natalim]

it's still very scary to see Bitcoin price movements on the weekend, yes this is because some traditional markets close,
and make whales unable to contribute to the market, as a result many people do fake buy and sell, and volatility goes up,
of course this will affect the trend of Bitcoin in the market, don't be fooled

Don't be scared, we've seen the worst from the current price, we have to understand where we came from before we reach a new ATH this year. The price was below $20K before the bull run starts, and we are still higher than the price before, so even if will go below $30k, we are still in profit if we bought during the dip, not the peak.  We are not in control of the price, it always depends on the demand, and it could fall like before, so be strong to hold.

[Golftech]

it's still very scary to see Bitcoin price movements on the weekend, yes this is because some traditional markets close,
and make whales unable to contribute to the market, as a result many people do fake buy and sell, and volatility goes up,
of course this will affect the trend of Bitcoin in the market, don't be fooled

Don't be scared, we've seen the worst from the current price, we have to understand where we came from before we reach a new ATH this year. The price was below $20K before the bull run starts, and we are still higher than the price before, so even if will go below $30k, we are still in profit if we bought during the dip, not the peak.  We are not in control of the price, it always depends on the demand, and it could fall like before, so be strong to hold.

Still good in terms of stats since last year, there are lots of fuds and too bad that newcomers are

being victimized by those people, instead of keeping their assets they believe that more dumped will come

and recovery is no longer coming. It's very important that you fully understand how volatility really affects

this market, afterwards, you'll able to comes up with good sets of plans and you won't be shake by anything.

[South Park]

And now the price is going down again, things are in a sort of limbo, the market does not have the strength to recover and the price cannot go down anymore, to me this seems like an artificial creation by the whales as they benefit from these low prices and they are taking their time buying their bitcoin as a way to avoid the price going up too quickly, but this cannot last forever and things will eventually improve, just make sure to still hold your bitcoin when that times comes.

I have to say, market not as longer bullish any more. So much disappointment out there, and things turning bad again as Bitcoin break the $37K support zone. If downtrend continues we will see more volatility in the market. Bitcoin is going down as many technical analytics said it. Bitcoin should hold the support zone otherwise we see quick dump. I'm thinking only long term here. 

However I do not see it as being bearish, we are going sideways trapped between the 30k and the 40k level and it is going to take some time to the market to finally take a direction, however I think there are many reasons to think the direction the market will take next is upwards, the bears have been trying to make the price to go below 30k and they have failed, which means this is the new floor and as such bitcoin will go up but it first needs to get rid of the weak hands.

[btc_angela]

it's still very scary to see Bitcoin price movements on the weekend, yes this is because some traditional markets close,
and make whales unable to contribute to the market, as a result many people do fake buy and sell, and volatility goes up,
of course this will affect the trend of Bitcoin in the market, don't be fooled

Who wouldn't? but if you have the mentality of a holder and been in crypto space for many years, probably you won't move even if you see the price moving this weekends. Not sure though if it goes below $30k or $32k is the low during that time.

However, it seems that we have bounce back a bit again, currently at $34k and hopefully it will stay at this phase and reach $36k at least this week.