Will bitcoin dump below $30,000 this week?

[Dr.Osh]

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.

Actually, I thought that it happened in the last few weeks, but it doesn't look like it will be for long before the price rises again. Bitcoin price has really been in the range above $30k for the last few weeks. I expect to see a price of $40k this month, but that seems pretty tough too. Well, I still don't expect the bitcoin price to drop below the current $30k price.

[ILuckyGuyI]

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.

Social media is still affective on the price indeed. The more people start talking about Bitcoin on social media, the better for Bitcoin. Because it also helps people make new investments into it. And as the demand increases, the price does the same too.

[South Park]

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.

I think it went below that level for a few hours but it is still the floor of bitcoin as it was heavily defended by retail traders and the whales, right now we are right in the middle of the range with the price sitting at 35k, so the price can go in any direction, lets just hope that even if these market conditions last for a few more months that we still have something left in the tank in order to see a bull market at the end of the year, which is I think what we all want to see.

[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.

I think it went below that level for a few hours but it is still the floor of bitcoin as it was heavily defended by retail traders and the whales, right now we are right in the middle of the range with the price sitting at 35k, so the price can go in any direction, lets just hope that even if these market conditions last for a few more months that we still have something left in the tank in order to see a bull market at the end of the year, which is I think what we all want to see.

The price has a more downtrend than the uptrend, we used the $60k as the basis, and see where we are now. The problem is, bitcoin is struggling to break $40k which makes me think that it will likely go below $30k than going higher than $39k. We cannot guarantee but we have to always believe our prediction based on our experience being an investor and a trader.

[bryant.coleman]

The price has a more downtrend than the uptrend, we used the $60k as the basis, and see where we are now. The problem is, bitcoin is struggling to break $40k which makes me think that it will likely go below $30k than going higher than $39k. We cannot guarantee but we have to always believe our prediction based on our experience being an investor and a trader.

Support levels around $30,000 are still quite strong. For the long term investors, there is nothing much to worry. Look at the larger picture. It was a continuous rally fro $8,000 to $62,000. Obviously, once the rally ends there will be some amount of profit booking. That brought the prices to ~$30,000. Now that profit booking phase is over and Bitcoin seems to be stabilizing at ~$35,000. The user base continues to increase, and acceptability is also on the rise. So in the long term the exchange rates must increase. The stabilization phase may last a few months and after that we will be having the next major rally, which will take BTC to six digit prices.

[Yaunfitda]

The price has a more downtrend than the uptrend, we used the $60k as the basis, and see where we are now. The problem is, bitcoin is struggling to break $40k which makes me think that it will likely go below $30k than going higher than $39k. We cannot guarantee but we have to always believe our prediction based on our experience being an investor and a trader.

Support levels around $30,000 are still quite strong. For the long term investors, there is nothing much to worry. Look at the larger picture. It was a continuous rally fro $8,000 to $62,000. Obviously, once the rally ends there will be some amount of profit booking. That brought the prices to ~$30,000. Now that profit booking phase is over and Bitcoin seems to be stabilizing at ~$35,000. The user base continues to increase, and acceptability is also on the rise. So in the long term the exchange rates must increase. The stabilization phase may last a few months and after that we will be having the next major rally, which will take BTC to six digit prices.

Yeah, this kind of movement is normal I guess, the rise to $64k was impressive indeed but we can't sustain that run. Investors will have to book their profits and then we will have negative news to come and pull the price down. Just the nature of the market that we are all in, and timing is the key. Last quarter of the year might be the next major movement that we are expecting. And I do hope that the eventual 6 digits can be reach, it could stretch to early 2022.

[Rasa nanas]

Yeah, this kind of movement is normal I guess, the rise to $64k was impressive indeed but we can't sustain that run. Investors will have to book their profits and then we will have negative news to come and pull the price down. Just the nature of the market that we are all in, and timing is the key. Last quarter of the year might be the next major movement that we are expecting. And I do hope that the eventual 6 digits can be reach, it could stretch to early 2022.

I think $64k is the highest price in the bull market right now. we won't see bitcoin hit that price again except in the next bull market (maybe next 4 years). Experienced investors must have understood this condition and would not feel panicked.

[bengsabeng]

the bitcoin price is currently stable around $30k, that's half the price from the high. this is not so bad when compared to 2017 when the price of bitcoin fell very far after reaching its highest price. Is this a sign that the bear market is over? No one knows

[Yaunfitda]

Yeah, this kind of movement is normal I guess, the rise to $64k was impressive indeed but we can't sustain that run. Investors will have to book their profits and then we will have negative news to come and pull the price down. Just the nature of the market that we are all in, and timing is the key. Last quarter of the year might be the next major movement that we are expecting. And I do hope that the eventual 6 digits can be reach, it could stretch to early 2022.

I think $64k is the highest price in the bull market right now. we won't see bitcoin hit that price again except in the next bull market (maybe next 4 years). Experienced investors must have understood this condition and would not feel panicked.

It's too early to say if that is the highest that we are going to see, at least for this year. So if we are going with your argument, (4 year cycle) we are not yet done because we have the next 2 quarters to see what will be the final price this year. Yes, we are in the bear cycle, but we are not yet done. Let's say we should remain optimistic, and hope that we could get to another all time high before the end of the year.

[poldanmig]

the bitcoin price is currently stable around $30k, that's half the price from the high. this is not so bad when compared to 2017 when the price of bitcoin fell very far after reaching its highest price. Is this a sign that the bear market is over? No one knows

I also think that now the market conditions are still uncertain and the possibility of a price crash is still there, although the last few days the bitcoin price has rebounded but after that the bitcoin price has decreased again, the negative trend that occurs in the market in my opinion will continue for several weeks going forward and it is possible that bitcoin prices will fall again to touch the price level of $29K-$31K at the end of this month, now what we need to do is continue to monitor the market and see where the market is going so that we can take the right attitude in investing.

[LUCKMCFLY]

The BTC has been with very good movements, some in bullish style but the offer has been increasing, the bulls may be trying to continue testing more price levels, for now the price looks very nice, it is around $ 34k, no a possible arrival of $ 40k is ruled out.

The BTC has been with very good movements, some in bullish style but the offer has been increasing, the bulls may be trying to continue testing more price levels, for now the price looks very nice, it is around $ 34k, no a possible arrival of $ 40k is ruled out.

On the daily chart, Bitcoin (BTC) keeps trading above the support at $32,000 which means that bulls keep dominating the situation. If the situation remains the same, there are chances to test the liquidity zone at around $37,000 soon.

Source: https://u.today/btc-eth-bnb-ada-and-doge-price-analysis-for-july-6

It is necessary to emphasize that now it is very likely that the news will be better for BTC, therefore I do not think that it will go down by $ 30k or less, however everything is possible, but for now in the short term I do not see it possible.

[Rasa nanas]

Yeah, this kind of movement is normal I guess, the rise to $64k was impressive indeed but we can't sustain that run. Investors will have to book their profits and then we will have negative news to come and pull the price down. Just the nature of the market that we are all in, and timing is the key. Last quarter of the year might be the next major movement that we are expecting. And I do hope that the eventual 6 digits can be reach, it could stretch to early 2022.

I think $64k is the highest price in the bull market right now. we won't see bitcoin hit that price again except in the next bull market (maybe next 4 years). Experienced investors must have understood this condition and would not feel panicked.

It's too early to say if that is the highest that we are going to see, at least for this year. So if we are going with your argument, (4 year cycle) we are not yet done because we have the next 2 quarters to see what will be the final price this year. Yes, we are in the bear cycle, but we are not yet done. Let's say we should remain optimistic, and hope that we could get to another all time high before the end of the year.

That's true, most people might think it's too early to say $64k was the high price but now the bitcoin price has lost half of that high. I continue to be optimistic that the price of bitcoin will rise again and will surpass the previous high (although against my logic)

[DU18]

The BTC has been with very good movements, some in bullish style but the offer has been increasing, the bulls may be trying to continue testing more price levels, for now the price looks very nice, it is around $ 34k, no a possible arrival of $ 40k is ruled out.

The BTC has been with very good movements, some in bullish style but the offer has been increasing, the bulls may be trying to continue testing more price levels, for now the price looks very nice, it is around $ 34k, no a possible arrival of $ 40k is ruled out.

On the daily chart, Bitcoin (BTC) keeps trading above the support at $32,000 which means that bulls keep dominating the situation. If the situation remains the same, there are chances to test the liquidity zone at around $37,000 soon.

Source: https://u.today/btc-eth-bnb-ada-and-doge-price-analysis-for-july-6

It is necessary to emphasize that now it is very likely that the news will be better for BTC, therefore I do not think that it will go down by $ 30k or less, however everything is possible, but for now in the short term I do not see it possible.

Right now the price of bitcoin is still not stable, and it is likely that the price decline will continue for some time to come, especially now that trade is starting to move in a varied manner so there is a possibility of a price correction, as is the case today the price of bitcoin has decreased by around 6.7 % and fortunately in today's trading the bitcoin price correction is quite thin compared to the correction that occurred some time ago, but even so I'm not sure if the correction will stop at 6.7% and according to my opinion the deepest correction will occur this weekend, so it's better to continue to observe price movements in the market so that we can anticipate every possibility that will happen later

[barota]

today bitcoin was trading around $32,000 per btc is down 7% over the past 24 hours. i think the next level of support is seen around $30,000, this weekend or friday prices can touch 30000 usd per btc always because buyers will likely wait to return near $30,000 support, which is the bottom of the month-long trading range  , i am sure if level 30000 broken we can see bitcoin 25000 usd per btc at latest in my opinion prices can fall bellow 20000 too this summer july or august  because the bear market still active

[Mr.Scott]

Yeah, this kind of movement is normal I guess, the rise to $64k was impressive indeed but we can't sustain that run. Investors will have to book their profits and then we will have negative news to come and pull the price down. Just the nature of the market that we are all in, and timing is the key. Last quarter of the year might be the next major movement that we are expecting. And I do hope that the eventual 6 digits can be reach, it could stretch to early 2022.

I think $64k is the highest price in the bull market right now. we won't see bitcoin hit that price again except in the next bull market (maybe next 4 years). Experienced investors must have understood this condition and would not feel panicked.

It's too early to say if that is the highest that we are going to see, at least for this year. So if we are going with your argument, (4 year cycle) we are not yet done because we have the next 2 quarters to see what will be the final price this year. Yes, we are in the bear cycle, but we are not yet done. Let's say we should remain optimistic, and hope that we could get to another all time high before the end of the year.

That's true, most people might think it's too early to say $64k was the high price but now the bitcoin price has lost half of that high. I continue to be optimistic that the price of bitcoin will rise again and will surpass the previous high (although against my logic)

It's true Bitcoin has lost 50% but in a bearish market anything can happen. It’s not a uptrend yet it still can go to 30k anytime or even lower. Meanwhile, Bitcoin tried couple of times to break the resistance of $36K but failed and just stable between 32.5k and 35.5k. I have learnt the hard way last 4 years, so I'll with BTC no matter what.

[STT]

After moving this far down already, we are probably seeing the tail end of the move but it can still move fast in movement like a bull whip effect from the long line of momentum that has come previous its a crescendo effect I guess.

We are below range from Jan but this still needs to be confirmed.  Also we are regularly below the weekly average and suffering below the 50 day average, previously a positive indicator that underlined the positive action of this year.   None of that certainly means we trade below 30k but there is some negative tendency also Dollar is appreciating some, bonds reflect apprehension in the market and generally that favors plain currency over crypto or various speculative assets in perception.

[South Park]

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.

I think it went below that level for a few hours but it is still the floor of bitcoin as it was heavily defended by retail traders and the whales, right now we are right in the middle of the range with the price sitting at 35k, so the price can go in any direction, lets just hope that even if these market conditions last for a few more months that we still have something left in the tank in order to see a bull market at the end of the year, which is I think what we all want to see.

The price has a more downtrend than the uptrend, we used the $60k as the basis, and see where we are now. The problem is, bitcoin is struggling to break $40k which makes me think that it will likely go below $30k than going higher than $39k. We cannot guarantee but we have to always believe our prediction based on our experience being an investor and a trader.

Anything can happen, but the 30k resistance level seems to be very strong so I am not really that worried about the price going that much lower than that, also while people are complaining about the low price of bitcoin this has only lasted for a few months, the positive tendency that we saw was much longer on its duration so I do not think things are as bad as it may seem, if we could surpass the 40k level then I am sure the hype will return and the price will once again begin to go up.