BTC has fallen below 30,000. Is there still room for appreciation in the future

[qq719832]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

[TangentC]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

It will drop to $10K first. 

[Jet Cash]

Looks as if it is time to start buying again.

[stomachgrowls]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

You are late in regards to that news.Lets put up some link on when about that matter.
Tesla will no longer accept Bitcoin over climate concerns, says Musk

Rebound? No one knows and this current plummet isnt really connected into any other sentiments or news out there. Appreciation? no one knows but basing or looking
on the potential alone then you could really tell.

Just put up some risk on buying bitcoin when its cheap and its up to someones choice.

[crwth]

That news is so far gone that it is not the reason for this price decline. I guess many people are trying to cash out, and as they say, if it's the dip, you buy the dip. Lol.

Anyway, it's the same as before when BTC reached an ATH, and then people started saying that it will never go back, but then a few years later, it reached another ATH. It's not a sure-fire way to return to that price, but at least you know it has been occurring continuously.

[Hippocrypto]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

There's already some articles stated that Elon Musk said Tesla again accepted btc as payment, then why this statement came out regarding banning. Can you please send us latest link that this was really true? Maybe we're just making it exaggerating, and we don't know the real side of the story yet. There could be another reason which is more serious compared to Musk's statements, we shouldn't be too quick to judge now.

[proudhon]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

The price of bitcoin is not going to rebound.

Is there still room for appreciation in the future

No, and this has been clearly proven by math and science.

[mk4]

When will it rebound?

We're mostly investors, traders, and speculators here, not fortunate tellers. If you fancy some fortune telling, probably listen to proudhon. /s

[NathanielParker]

The news is a bit delayed. This has passed. The reason for the recent decline has nothing to do with Musk. If the decline is not a good opportunity to increase positions?

[Sithara007]

My opinion is that there is a good chance that Bitcoin can go down all the way up to $10,000. That would mean 85% drop from the ATH levels reached earlier this year. But back in 2015 and 2018, we had similar dips (exactly at 85%). The vast majority of the users remain bullish and they remain unprepared for extended phases of correction. In the near future, the exchange rates may resume the bull run and may even attain a new ATH. But before that, the prices may bottom out, at a certain level below $30,000 per coin.

[Wexnident]

Who knows. Glad the question is when though, instead of will, though in the end, no one can really answer since we aren't really fortune tellers. The news was way back then already, and we have yet to actually see BTC moving back up to where it was then, and it isn't exactly wrong or bad imo. It staying at the current price means it's trying to stabilize its position and would most likely reduce the chances of it actually going way below, and would only happen in the most extreme cases. Can safely assume it's trying to build up a foundation to stay in the long term.

[hugeblack]

My personal analysis is that the recent drop is caused by Grayscale, there is a lot of money that has been released and therefore it is easy to manipulate this time. As long as we don't test the 28k levels, we will rise sooner or later, but the question is when.


Attempting to link the price of Bitcoin to a specific individual or company is a mistake. Bitcoin is greater than that and these companies cannot influence except through buying/selling. As for such news, it affects investors with weak hands, which often leads them to lose their money.

[Saisher]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

There will be a meeting between him and Dorsey let's see if we'll have a pump if this meeting will bring positive news, then this is the right time to buy and if there is a piece of negative news on the meeting there's a possibility that Bitcoin will go down to $20k and that will start the bear trend, just when everyone is bullish that Bitcoin will reach 6 digits before the end of the year, these things happen.

[btc_angela]

The price started to recover again above $30k, not surprised if the price goes to $32k++ this week.

Perhaps the sudden dip below $30k was due to the GBTC news or just speculators shorting bitcoin again.

As far as Elon Musk goes, he has no longer the influencer that he has before. Because we are so tired of him playing the market. He could be one master manipulator, but in due time, people with common sense will realised what he is doing.

[uneng]

Since yesterday bitcoin has been raised in 6% as news informed. It's already a good thing for a very bearish scenario like this with tons of bitcoin being put for sale due to the Grayscale investment fund unlock. It means some investors aren't waiting bitcoin reach too low prices to buy because they know bitcoin doesn't necessarily need to lose a certain percentage of its price to start skyrocketing again. It can happen suddenly and at any time.

[barota]

The price started to recover again above $30k, not surprised if the price goes to $32k++ this week.

Perhaps the sudden dip below $30k was due to the GBTC news or just speculators shorting bitcoin again.

As far as Elon Musk goes, he has no longer the influencer that he has before. Because we are so tired of him playing the market. He could be one master manipulator, but in due time, people with common sense will realised what he is doing.

yeah , the cause of fall prices bitcoin these days is GBTC that offer 20 percent for bitcoin share , i hope bitcoin will recover soon , i think the support 29k or 30k is strong and who know prices already rise from 30k to up 60 before 3 month . the support 30k always can be the bottom because lot of invedtors bought bitcoin at this prices between 29k and even 33k for sure , everyone should avoid fear , and invest with good strategy  if price fall  for buying more bitcoin  or invest for long term

[michellee]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

There will be a meeting between him and Dorsey let's see if we'll have a pump if this meeting will bring positive news, then this is the right time to buy and if there is a piece of negative news on the meeting there's a possibility that Bitcoin will go down to $20k and that will start the bear trend, just when everyone is bullish that Bitcoin will reach 6 digits before the end of the year, these things happen.

Hopefully, that can happen if both, Musk and Jack agree to give good news about bitcoin to lift bitcoin price to a higher price. But if there will be a downtrend again before the price increase, we must be ready and prepare to buy back bitcoin at a low price. Maybe this time can be a good time to buy bitcoin but we need to save some money to buy at a low price because there is a chance for bitcoin to make another correction soon.

[CoolerSid]

I am sure that in September he will go forward as children to school

[palle11]

Since Musk banned BTC from acquiring Tesla, it has plummeted. When will it rebound?

You can only see rebound when investors start to go in again. Check the exchanges for btc orders and anything you start seeing huge buy orders, you know it can start to turn price up because that means demand started coming. After musk announced the energy concern, price started to drop and has not recovered yet and that is part of the bear.

[sunsilk]

Today. It hits $32k.

There will be a meeting between him and Dorsey let's see if we'll have a pump if this meeting will bring positive news, then this is the right time to buy and if there is a piece of negative news on the meeting there's a possibility that Bitcoin will go down to $20k and that will start the bear trend, just when everyone is bullish that Bitcoin will reach 6 digits before the end of the year, these things happen.

Maybe this raise a little today is due to that? But I don't want to believe that it's again attached to Elon's name again. It's always been like that and we want to see the ties cut with Elon's name to the market.

If he goes back loving bitcoin again, let it happen on his will not with his manipulative and moving tweets.