Will bitcoin dump below $30,000 this week?

[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

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.

Yes, bitcoin bounces back, but I'm sure it will not push through to the uptrend position. Bitcoin is already bearish, so even if it will not dump below $30k now, it will also not gonna break the resistance, let's do short trading, take advantage of this predictable price range movement.

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[carlisle1]

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.

Yes, bitcoin bounces back, but I'm sure it will not push through to the uptrend position. Bitcoin is already bearish, so even if it will not dump below $30k now, it will also not gonna break the resistance, let's do short trading, take advantage of this predictable price range movement.

If you have that knowledge shorting is the best way to earned decently while this movement still unknown,.

Bitcoin and most of the coins inside the market are green, providing good amount of profits for those people who understand well and make
their move while trading inside this venue.

currently Bitcoin already gained almost 15% if you able to catch it from the very deep the profits is high enough doing the day trade strategy.

[19Nov16]

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

Bitcoin investments always make sleepless nights, especially those who buy when the price $60k, because there is a lot of speculation that the bitcoin price is $100k, unfortunately the market is correcting so that it is only 50% of the highest price. I hope it doesn't take long like the trend of 2017.

[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

Bitcoin investments always make sleepless nights, especially those who buy when the price $60k, because there is a lot of speculation that the bitcoin price is $100k, unfortunately the market is correcting so that it is only 50% of the highest price. I hope it doesn't take long like the trend of 2017.

We can't tell that, the market still volatile and the chance to fall more still possible if there's no buying pressure.

Opportunity for those latecomers and those who have strong believes that this market will bounce back and continue

the bull season, while for those who bought @ the peak surely stuck if they are not willing to lose their invested money.

[Kemarit]

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

Bitcoin investments always make sleepless nights, especially those who buy when the price $60k, because there is a lot of speculation that the bitcoin price is $100k, unfortunately the market is correcting so that it is only 50% of the highest price. I hope it doesn't take long like the trend of 2017.

And as a Bitcoin investors, you should know that risk involved as the market is very volatile.

But if you bought at the price of $60,000, then you just need to HODL as if you sell, you will obviously lost 50% of your investments already.

I'm not really sure what trend you are referring in 2017, but during that time there's also a lot of ups and downs and eventually reaching a all time high in December. So it might be same or not at the end of this year.

[Reatim]

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?

Not that week mate but Month after , because in this week of June the price of Bitcoin decreased to below 30,000 and indeed this happens couple days ago.

you have a great speculative idea so best to share it here for many to consider .

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

Bitcoin investments always make sleepless nights, especially those who buy when the price $60k, because there is a lot of speculation that the bitcoin price is $100k, unfortunately the market is correcting so that it is only 50% of the highest price. I hope it doesn't take long like the trend of 2017.

If i were you, instead of not sleeping waiting for the price to increase? better decide if you will sell at losses or you will consider the holding and just forget for a while.

[South Park]

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

Bitcoin investments always make sleepless nights, especially those who buy when the price $60k, because there is a lot of speculation that the bitcoin price is $100k, unfortunately the market is correcting so that it is only 50% of the highest price. I hope it doesn't take long like the trend of 2017.

While I can understand that people are not happy if they bought at that price at the same time I wonder what were they thinking? The bull market had been around a full year and they had all of that time to take advantage of it, so they are the ones at fault by coming so late in the game, however if they have the right mentality this is not such a huge mistake, I really think that if they just hold for a few moths they will get profits but even if it does not happen so soon they could just wait until the next halving and see a new bull market emerge and get profits that way.

[stadus]

I really think that if they just hold for a few moths they will get profits but even if it does not happen so soon they could just wait until the next halving and see a new bull market emerge and get profits that way.

The right strategy here is to hold until the market recovers and have its bull run again. Last time, the bull run does not come right away, it takes years before it comes and that means it's a long hold for those who still trust the market and got rewarded big time for their trust. The same formula that we should apply this time, it's like a roller coaster right, eventually, we will reach again at the level that the market is in a bull run.

[Saisher]

If i were you, instead of not sleeping waiting for the price to increase? better decide if you will sell at losses or you will consider the holding and just forget for a while.

Quite scary for those who buy late or in the $40k level and did not sell, they will have to cut their loss or wait for the price to get better, the anxiety is always there every time you look at the price, we have to be optimistic I don't see any pandemic like news and the economy of many countries are getting better, the good news is coming soon in the market.

[rodskee]

~

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.

It's normal to feel down when the prices are down, negative things evoke negative emotion right? For me though, I don't have anything to worry about because I am on the long-term side of things so this temporary dump in the prices is nothing to me.

instead of feeling Down why look at the ;positive side?

we can use this chance to buy when we can't do such when the price is growing more than 60,000 usd.

i remember the posts back then asking when will the value fall down and now that it happens all they want is the price to climb .
isn't a greedy attitude?

i don't feel sad because i am aiming for years holding starting this 3rd quarter.

[STT]

Heres the scenario I'm looking for at the moment, its not as clear cut as drawn because we can cross back and forth but its something to watch if we break an old trend and make a new one.



The recent low was a higher low so that could be taken as a line to hold here, not holding that positive appreciation would seem to confirm we are not able to breakout upwards just now.   I dont think its exactly obvious either way just yet though.

[BigBos]

The question for now by many traders is if btc already hit the bottom or another dip is coming in the next few days? This is really possible,  Im also close my position since its too risky to gamble if there are no confimations on possible reversal let hope this is the bottom but if close below 30k very scary for longers. 

well, even when the bitcoin price hit $60k, there were a lot of people who believed that the bitcoin price wouldn't drop below $40k, and now that price is clearly visible. for now, the price below $30k is still very close, so, it's very possible. bitcoin has fallen by more than $10k in the past few days, so for now, we need to be vigilant. however, I believe that the current price will start rising slowly.

[stadus]

The question for now by many traders is if btc already hit the bottom or another dip is coming in the next few days? This is really possible,  Im also close my position since its too risky to gamble if there are no confimations on possible reversal let hope this is the bottom but if close below 30k very scary for longers. 

well, even when the bitcoin price hit $60k, there were a lot of people who believed that the bitcoin price wouldn't drop below $40k, and now that price is clearly visible. for now, the price below $30k is still very close, so, it's very possible. bitcoin has fallen by more than $10k in the past few days, so for now, we need to be vigilant. however, I believe that the current price will start rising slowly.

They are not here before the last bull run because they don't believe bitcoin will drop below $40k, that is a wrong perception and the current market has proven them wrong already. Bitcoin has been so volatile, it even reaches the point that people thought bitcoin will not recover anymore, but look where it is now, it's at $30k and still at a good price even if it has corrected its price.

Thing is, bitcoin is not built for short-term success, with all the manipulation, the hypes, and the FUD, it's normal to see it pump and dump but its long-term growth is very positive.

[tygeade]

Bitcoin has been so volatile, it even reaches the point that people thought bitcoin will not recover anymore, but look where it is now, it's at $30k and still at a good price even if it has corrected its price.

Thing is, bitcoin is not built for short-term success, with all the manipulation, the hypes, and the FUD, it's normal to see it pump and dump but its long-term growth is very positive.

Yeah, at the same time if the price fall is healthy because corrections are good, then that means 30k is good as well, if its not good that means 30k is not good, you can't have both corrections as good but 30k as bad. Of course you could have corrections that are smaller, but right now the price is in the range of dropping to 30k and still being close to where it is right now, which is why it could still be considered a correction, I am not saying accept 20k as correction but 30k is still at the correction level as long as it can recover

 I believe as long as rich people keep accumulating bitcoin at every level (10k, 20k, 30k and even 40k) it is fine for all of us, because when they accumulate that means they will want to see it go up and do whatever they can for it, which is why drops are not a big deal anymore.

[Golftech]

They are not here before the last bull run because they don't believe bitcoin will drop below $40k, that is a wrong perception and the current market has proven them wrong already. Bitcoin has been so volatile, it even reaches the point that people thought bitcoin will not recover anymore, but look where it is now, it's at $30k and still at a good price even if it has corrected its price.

Thing is, bitcoin is not built for short-term success, with all the manipulation, the hypes, and the FUD, it's normal to see it pump and dump but its long-term growth is very positive.

In the long term perspective it's already been proven that Bitcoin provides  huge profits for those who continue to buy

and hold, people who invest and think for this asset as their long term investmen/retirement investment, instead of

working with stocks, Bitcoin mnaged to bring very decent to those who holds and wait. Only those who understad and willing to

that big risk will short this asset.

[Argoo]

This, of course, cannot be completely ruled out. Over the past two months, Bitcoin has already dropped to the $ 30,000 mark several times, but then it has always climbed to the $ 35,000 level. In the past few days, it has risen in value again, and with it other cryptocurrencies. Now it is close to $ 36,000 and it is possible that the price will rise further.
It is still difficult to predict the future development of events in this market in relation to the price of the cryptocurrency. It is most likely that prices will continue to fluctuate until the fall. However, cryptocurrency always surprises us.

[South Park]

If i were you, instead of not sleeping waiting for the price to increase? better decide if you will sell at losses or you will consider the holding and just forget for a while.

Quite scary for those who buy late or in the $40k level and did not sell, they will have to cut their loss or wait for the price to get better, the anxiety is always there every time you look at the price, we have to be optimistic I don't see any pandemic like news and the economy of many countries are getting better, the good news is coming soon in the market.

Bitcoin dumped many times but it failed to go below 30,000$. This means that there are a lot of buyers who are willing to buy bitcoin at these prices.
If this bull run is not over yet, then around 30K could be the bottom and we may see upward momentum from July/August.

30k seems to be the absolute bottom that we are going to reach and this is great, people are doubtful of buying bitcoin right now because they are scared and while I understand this at the same time they need to get over it, after all I think we are going to see the bull run once again during this year which means this could be the last time we see prices as low as the ones we are seeing now, and all of those that do not buy now are going to regret that decision for the rest of their lives.

[Lorence.xD]

The prices really did go below 30k but it quickly got back to 30k, I am congratulating those that have both at around that price point and have profited a lot when the prices has gone back up.

[stadus]

The prices really did go below 30k but it quickly got back to 30k, I am congratulating those that have both at around that price point and have profited a lot when the prices has gone back up.

I didn't notice it, maybe I was not paying close attention to it.

Well, if it falls below $30k, it's still not so significant as bitcoin has recovered and stayed above $30k.
The struggle continues, we might not see a $40k anytime soon, instead, we will see a $20k in the weeks to come.

The hype seemed to be gone already, and so the bull run is over.

[Slow death]

The prices really did go below 30k but it quickly got back to 30k, I am congratulating those that have both at around that price point and have profited a lot when the prices has gone back up.

the price touched $28000 temporarily and soon thereafter had a strong rebound to above $36000, it has been like this for some time, whenever the price touches below $31000 then it tends to go up to $37000 - $39000. this in my opinion is something normal, when a strong support is not broken it always tends to go up a lot until it finds a strong resistance which, if not broken, tends to fall a lot to the stronger support. a bull run would start if the price manages to break $42000 to $44000

I didn't notice it, maybe I was not paying close attention to it.

it didn't take long for the price to recover from the drop it had to reach $28,000