Will Bitcoin Price Enter the $30k Area?

[mattujusuruga]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

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[jackg]

I'd check what's happened before if you think this'll go on for long...

There was a third pull back in 2017 that was met with the start of an exponential run off which could always happen again...

I don't think the low 30s are that reachable though.

[mk4]

I wouldn't bet huge money on it but I wouldn't be surprised if it happened either. What I did was I just slowly but surely de-risked a bit in the past few months; just so I have enough fiat to live happily and comfortably for like 2 years. If we do go lights out from here then I'm definitely going to lack a lot of "dip-buying" power.

Also, I wouldn't say below 30k = long winter though. We're probably going to have winter, but probably not as long as people expect which is like 2-3 years based on history. I really liked the fact that we didn't have an over-exaggerated blowoff top like in December 2017.

[TravelMug]

It's weird that people are calling $30k now, Lol, in any case, why not though? it is possible that we are going to hit if the downward pressure will be there. Maybe short term we will go that low, but if you look at long term, maybe we will have a good bounce, maybe right before the 1st quarter end, we will be back above $50k, just saying. So no need to panic if we see $30k-$39k at the start of the year. It might not be a full blown crypto winter, just retesting lower lows but we will bounce back for sure.

[Finestream]

It's weird that people are calling $30k now, Lol, in any case, why not though? it is possible that we are going to hit if the downward pressure will be there. Maybe short term we will go that low, but if you look at long term, maybe we will have a good bounce, maybe right before the 1st quarter end, we will be back above $50k, just saying. So no need to panic if we see $30k-$39k at the start of the year. It might not be a full blown crypto winter, just retesting lower lows but we will bounce back for sure.

I would not be surprise if we reach that $30k support level since bitcoin is definitely very bearish right now and if there will be negative news that will add on the pressure, the price will always fall down consistently. But of course, this present downward trend is just temporary. Bitcoin is always volatile so we can also expect that after couple of days or months, bitcoin will start to recover and surge high again. Although the market price is very negative at the moment, but if we can make this current condition of the market into our advantage, then we won't be a loser but certainly a gainer in the end.

[stompix]

Hihi, I love how some poeple talk calmly and post TA for 30k, like, well you know, it could happen but just a while ago, anyone would have said that would have been ridiculed and called every bad word in the urban dictionary.

So, what did really change between December let's say, and now to make a 30k price possible? Why was the thought of 30k ridiculous and now it's fairly possible? Because of a fake scare in Kazakhstan, because of the rumors of a FED  rate hike of what, 0.25%-0.5%? That's why we have a 10% drop in a week and an 18% one in 30 days? Common, this is just silly, why 30k and not 20k for example, why not even 10k if we're going down, let's just do it, lol! There is no basis for any of those movements, just like looking at the picture now, there would be no basis for a jump back to 60k, right, what would be needed for that at this point to truly reflect market conditions?

I would understand if somebody would call 68k am overpriced peak that was driven by speculation and FOMO, but a return to prices under January 2021 makes really no sense at all.

[BitcoinBarrel]

Short answer: Yes

[ajochems]

Hihi, I love how some poeple talk calmly and post TA for 30k, like, well you know, it could happen but just a while ago, anyone would have said that would have been ridiculed and called every bad word in the urban dictionary.

So, what did really change between December let's say, and now to make a 30k price possible? Why was the thought of 30k ridiculous and now it's fairly possible? Because of a fake scare in Kazakhstan, because of the rumors of a FED  rate hike of what, 0.25%-0.5%? That's why we have a 10% drop in a week and an 18% one in 30 days? Common, this is just silly, why 30k and not 20k for example, why not even 10k if we're going down, let's just do it, lol! There is no basis for any of those movements, just like looking at the picture now, there would be no basis for a jump back to 60k, right, what would be needed for that at this point to truly reflect market conditions?

I would understand if somebody would call 68k am overpriced peak that was driven by speculation and FOMO, but a return to prices under January 2021 makes really no sense at all.

Most expected one among the huge people. Because many holding their money in dollars to inverse and get profit from it. The investment also look like gambling. But the investigation is difference between the investment and the gambling. Investigation is key to get the wrong and right of the trading profit.

[sunsilk]

Everything is possible.

But the problem is with those who bought at the peak, they're problematic about the current price of bitcoin. Normally, holders won't see it as a problem even it goes down to $30k.

As it goes down near to $40k as its support, you have to think of any possible thing that may happen for it. Remember, bitcoin is volatile and it can go as high as it can and go low unexpectedly.

[DeathAngel]

There should be solid buy interest at anything around $40,000 so I hope we don’t see the $30,000’s again. If we do dip below $40,000 then hopefully it is very briefly & we can have a relief rally. It feels incredibly cheap at the moment, I don’t expect much lower than the current prices.

[redwine49]

Short answer: Yes

Short answer : YES and NO

There should be solid buy interest at anything around $40,000 so I hope we don’t see the $30,000’s again. If we do dip below $40,000 then hopefully it is very briefly & we can have a relief rally. It feels incredibly cheap at the moment, I don’t expect much lower than the current prices.

how could you say "cheap". we already seen many bull & bear history in bitcoin market.
from last bitcoin bubble, bitcoin rally up to 20k$ and back to 3k$.
at this moment we are still 40k$ area from ATH at 60k+$.

this is just a normal correction guys. don't panic

[pooya87]

It is not possible to say because we know that there is no reason for price to go any lower than this, in fact this is already unreasonably low so there is no more room left for any more drops. But at the same time the market manipulators and panic sellers are hard at work trying to push the price lower by spending millions of dollars worth of bitcoin (dumping).

this is just a normal correction guys. don't panic

There is no reason to panic but also nothing about this is normal.

[michellee]

If people lose their trust to hold bitcoin and fear seeing their investment value still go down, they will sell it right away. People will do that, and those who do not have a strong hand holding bitcoin will also do that because they panic seeing the price is down. Although they know that it is just temporary, they are still afraid and worry and in the end, they will not want to see how long they can still hold their bitcoin.

[btc78]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

have not you expected this to happen ? 2021 is a very generous year for bitcoin giving the coins multiple All Time High , almost every quarter there
is a record of high value so this year consider as a correction year.
if you will check what had happen after the bullrun of december 2017 , the following years are bearish like 2018 and almost the whole 2019.

I am ready for this to happen as i have full out my coins to be re invested in dumping season and will wait for another halving season to keep the holding,.

[Beparanf]

There's a chance that Bitcoin will go again on that area since Bitcoin is currently trading right now on the last support it reach again that 30K level again. It's already a 50/50 chance to hit that level especially today weekends and most of the sell off often happened during this time. The timing of the dump is very in line with the date so I believe might see a one more wick candle below 40K then we can go straight up again

[LogitechMouse]

It went down to near the $40,000 price range and it seems like it is acting as a psychological support as of now short term because it bounced back a bit and not sitting at $42,000.
Though Bitcoin going to $30,000 is possible, the chances of it to happen right now is still low "unless" we go below $40,000 and stay below for quite some time.

I would not be surprised though if Bitcoin will hit $30,000 and I will accumulate more if that happens. Its a discount sale for some intelligent investors out there. The best thing to do right now is to wait what will happen. You can buy right now or you can wait for further downward movement. Just be ready though .

[Mpamaegbu]

OP, that won't be impossible considering that a convincing break on the Daily close below where you marked the support is much likely to pull Bitcoin into a range that stretched between $30,718 and $41k. Your chart is similar to this picture I shared which was part of a post I made here sometime in September 2021. Specifically, it was made on September 22 (in case anyone wants to peruse that comment of mine on it. $30k is a strong support supposing it breaks through $40k. And if it breaks $30,000 convincingly then we are likely getting more dips.

[buwaytress]

I am with jackg on his initial response. Not with very much conviction, but because I note with a certain degree of hesitancy to go down the road with bears just so soon. The last ATH was still pretty underwhelming for me, building up only several thousand on the previous, so I feel like serious bulls are also keen to see a determined Pullback before putting chips back on the table.

And, also, the 40k bounce could coincide.

[Wexnident]

I'm highly doubtful of it happening but it isn't completely out of the picture, it's just that it's actually unlikely considering what has happened in the past year. A good possible bounceback could start a pretty good run off towards a new ATH right now, and honestly, if we consider the entire 2021, we're still pretty bullish. It's just that the peak came early on instead of a steady movement of gradual price increase, hence why we're feeling the dips right now.

[Zilon]

Bitcoin continues to decline for now all I can say about Bitcoin price is that it's more difficult to predict the next move but if it eventually hits $30k support zone I won't be in anyway surprised. All I should be more concerned about now is how to gather more capital to take good advantage of the dip because it would be sad to miss out on this opportunity

[Baofeng]

Bitcoin continues to decline for now all I can say about Bitcoin price is that it's more difficult to predict the next move but if it eventually hits $30k support zone I won't be in anyway surprised. All I should be more concerned about now is how to gather more capital to take good advantage of the dip because it would be sad to miss out on this opportunity

We should prepare for all eventually for now, I mean we are almost in that zone already, as the price is just hovering $40k and then the rest of the crypto market is also down huge at this point.

So with that said, if ever it hits $30k, then we shouldn't panic, that's a fact that we need to accept and adjust. The bull run maybe over and we will have to face the bear market that we dreaded but it is what it is.

[onecall123]

It continues to decline. As long as you're sure, that was enough to convince me! It would be nice to keep the rate low for a while longer, however.

A death cross is incoming. We can't ignore the lower lows that started the year.

It's hard to make any assumptions. Okay, I predict it will go either way.

[Wilhelm]

Looking at the long term RSI for both BTC and ETC which are below 20, I see a massive breakout building. This thing is going to go up at a very very fast pace soon....

[cafucafucafu]

I think it's quite likely.

The bearish sentiment is quite strong given that we could not break $50k resistance for quite a few months now.

Right now the price of BTC is just edging towards that $40k level. I personally don't see it bouncing off the support of $40k because there were massive liquidations and most longs are already gone. Traders and investors really went to bullish too soon with insane amounts of leverage this time, and they're paying the price now.

[freedomgo]

It continues to decline. As long as you're sure, that was enough to convince me! It would be nice to keep the rate low for a while longer, however.

A death cross is incoming. We can't ignore the lower lows that started the year.

It's hard to make any assumptions. Okay, I predict it will go either way.

Same with my prediction too. Its even a good catch if the price will lose further so that we can buy bitcoin and good altcoins at their lowest value. The bearish season might take a little bit longer so if we can maximize this opportunity we have at the moment, i think it will bring huge profits for us once the market turns into bullish and bitcoin will reach its new ATH. Its more ideal too if we can buy in every dip.

[pinggoki]

Looking at the long term RSI for both BTC and ETC which are below 20, I see a massive breakout building. This thing is going to go up at a very very fast pace soon....

That's why it's a high time for everyone of us to buy bitcoin right now and many other tokens if we want to join that pump that's going to happen and we don't know when will it happen so it's a really good thing to start getting in while the market is still on a steep drop. That's like buying a 1st Edition Alpha Black Lotus at almost half the SRP.

[bitterguy28]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

almost there and keeps on falling so YES, we will be drowning to 30k level and of course this is an opportunity for Me as waiting to buy another small amount as i saved my Christmas bonus to invest more in bitcoin but i prevent from buying last year instead i wait for this moment of bearish.
so yes 30k level is coming and i will be there to buy more 

Looking at the long term RSI for both BTC and ETC which are below 20, I see a massive breakout building. This thing is going to go up at a very very fast pace soon....

That's why it's a high time for everyone of us to buy bitcoin right now and many other tokens if we want to join that pump that's going to happen and we don't know when will it happen so it's a really good thing to start getting in while the market is still on a steep drop. That's like buying a 1st Edition Alpha Black Lotus at almost half the SRP.

take it slow mate , don't worry there will me more bearish to come , just keep your funds still and wait for the signal to buy more.

[Ararbermas]

If bitcoin fails to make reversal for sure there's a potential it go below 40k. But let just hope it didn't happen because you know this bearish market will not last due to panic selling once the price drop more. Just imagine how long some holders keep holding and after all there's a worst results.. It's like back to zero to be honest if you invested at 30k and bitcoin keep dropping wherein now its near. Well unless if you dump already some of your profits because these situation is ok.

[TheGreatPython]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

$30k must be too far for bitcoin market to experience by considering the hype and speculations happening on this crypto space. Probably we may see $39k levels thanks to whales which also will not sustain for longer sessions. Moreover, I do see the market in a way it would hardly get potential to break $40k levels; it means bounce back from current levels is more likely to happen.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I do see the current market scenario as a winter for bitcoin and this way we could expect the warming summer earlier than usual bounce back time.

[bitgov]

Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.
In my opinion, a Bitcoin price drop to $30k is very real.

[OgNasty]

An actual poll already exists for this topic… Feel free to vote and check the results.
https://bitcointalk.org/index.php?topic=5380513.0

[Vaskiy]

Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.

We've got enough with the bull run but this year is still a long year to have that hope of newer ATH. It always makes us a skeptic when we see the price of bitcoin doesn't move up that much and instead of going up, it's slowly going down.

Last year everyone enjoyed good bullish move. As for concerned everything happened as a result of massive global adoption of all time. Due to the pandemic people were looking for opportunities and the same landed more people into cryptocurrency.

In my opinion, a Bitcoin price drop to $30k is very real.

It's really just how it's real and happened last year. July last year, it had made bitcoin even below $30k but it was just for a while.

What we had last year is different from now. By then the World market was down, but crypto market was experiencing a good bounce against the expectation. The market crash that happened for a while is termed to be the market correction, which seems true as the bounce back happened immediately.

[arwin100]

Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.
In my opinion, a Bitcoin price drop to $30k is very real.

So hard to speculate about new Ath when people is at fear that we may see another heavy bear season this year and maybe at the moment I will agree to other says that we might enter at that price since for sure people is panicking and want to sell their bitcoins at the moment. I do hope there's a reversal happening so that it can kill the momentum of people who think about more bad days to come with bitcoin.

[Dave1]

Despite the fact that I believe that in 2022 we will have a new ATH, in the current situation I am skeptical about the trend reversal in the coming days, and maybe even weeks.
In my opinion, a Bitcoin price drop to $30k is very real.

So hard to speculate about new Ath when people is at fear that we may see another heavy bear season this year and maybe at the moment I will agree to other says that we might enter at that price since for sure people is panicking and want to sell their bitcoins at the moment. I do hope there's a reversal happening so that it can kill the momentum of people who think about more bad days to come with bitcoin.

That's really what's going on here, a lot is in fear because we have just entered the bear season and this could also be different (like the bull run) as it could be very hard to see the price going down hard and our portfolio value obviously is getting less and less.

So my strategy will still be the same, accumulate as much as I can in a bear market, if it goes to $30k then good. And then what I have left right now don't sell.

[adaseb]

I am 50/50 on this. Right now everybody is very bearish and people think that bitcoin will go down to $30K or $20K or $10K. I see 1 or 2 scenarios happening.

We will bottom somewhere in the current range we are in. Maybe $38K or so will be the bottom. Right now the fear/greed gauge is very low. So I don't think we will go lower.

If we go to $30K, I don't think it will be the bottom. I think if we touch $30K, it will go to $20K or something like $15K. I don't see $30K as being the bottom in this cycle. Either $38K is the bottom or something like $18K.

[Fundamentals Of]

There is a very strong level of fear or even panic right now. People are selling. People are asking questions which are fairly pessimistic. Many are probably bracing for more decrease in the price. This is expected of course. But then there will always be others who will be taking advantage of the situation and buy more while the price is cheap. If the demand of those who are attracted by the cheap price will finally defeat the selling force or the panic sellers have already drained whatever they have, the price will start to recover. 

[kotajikikox]

Bitcoin is still holding tight in 40k level ..

actually it has even keeping the 41k strong position for whole week now as we can see in the graph now

https://coinmarketcap.com/currencies/bitcoin/

So I think I will be in the middle of the question , It can or cannot .

But Of course we all wanted to have recovery and starts bullying again this early stage of 2022 , no hypocrite but that is reality of all.

[Oasisman]

Bitcoin is still holding tight in 40k level ..

actually it has even keeping the 41k strong position for whole week now as we can see in the graph now

https://coinmarketcap.com/currencies/bitcoin/

So I think I will be in the middle of the question , It can or cannot .

But Of course we all wanted to have recovery and starts bullying again this early stage of 2022 , no hypocrite but that is reality of all.

Not everyone wants recovery, those who wants to be heavily invested always wants the price of Btc to at least have a sharp dip or correction so they could buy on a much lower price and will have a significant profit in the future.
However, $40k support level is indeed very strong and it looks like it will not going to break anytime this week or it will never totally break it. Once Btc will bounce back up to $50k, there will only be a thin chances for Btc to touch the $30k level.

[peter0425]

I Will be one of the most Happy person if that level reached , Imagine from 68k drops to 30k or below? that is more than 50% discount to buy again 

while others are praying for recovery I am praying the opposite and that is the price to drops more and more, and actually Was looking for 20k level or even lower  Sorry for the Bitcoin expectorant but I wanted to invest more this year.

[davis196]

The current Bitcoin price is 42K USD after several days of staying in the 40K-41K USD area.
We can't use this info to come up with predictions about the price recovering back to 50K.The possibility of the price dropping below 40K still remains,but this is going to be a slow drop,rather than a nosedive price crash.Both options(drop and increase) are still available,but I would bet on a winter price drop followed by a spring price increase(if there is no FUD,and the pandemic won't go out of control).

I Will be one of the most Happy person if that level reached , Imagine from 68k drops to 30k or below? that is more than 50% discount to buy again  

while others are praying for recovery I am praying the opposite and that is the price to drops more and more, and actually Was looking for 20k level or even lower   Sorry for the Bitcoin expectorant but I wanted to invest more this year.

Yes,there's nothing to worry about,if the price drops below 30K USD.Cheaper Bitcoins to buy and to prepare for the next bull run,which will happen sooner or later.
The people who are worrying about a big price drop are those,who don't believe that Bitcoin is going to survive in the long run and hit another ATH.

[asrinur]

I see the price of bitcoin does not last long at the level of $ 40,000. But I believe, the weakening of the current bitcoin price does not rule out the possibility that the price will advance to a higher position until it reaches a new ATH record. But I think, although the price of bitcoin is still weak lately, but the price of bitcoin is not going down to the level of $ 30,000 again. Therefore, this is the right time to buy when the bitcoin price corrects.

[bitzizzix]

The current bitcoin price is slowly starting to rise again and is approaching the price of 43k and there is still a possibility that it will go down again and but in my opinion to reach 30k is impossible because there is no effective reason to reach it.
and whenever there is a dip, everyone can only speculate which might not necessarily come true, I take this drop as a discount to get more bitcoins when they hit rock bottom and hold it.

[Sanitough]

I Will be one of the most Happy person if that level reached , Imagine from 68k drops to 30k or below? that is more than 50% discount to buy again 

while others are praying for recovery I am praying the opposite and that is the price to drops more and more, and actually Was looking for 20k level or even lower  Sorry for the Bitcoin expectorant but I wanted to invest more this year.

For me, i know bitcoin has its own chance to recover again but also, it may go down deeper like $30k but i'm confident to say it will never really touch $20k again. I think that will really cause big panic in the market and mostly will definitely fall into panic selling.

However, that will give a big discount for all those who want to buy bitcoin when its price drops more. So its not surprising that long for long term hodlers, they are hoping for bitcoin to recover now but for newly investors, they are waiting for bitcoin price to drop more.

[Kasabus]

I see the price of bitcoin does not last long at the level of $ 40,000. But I believe, the weakening of the current bitcoin price does not rule out the possibility that the price will advance to a higher position until it reaches a new ATH record. But I think, although the price of bitcoin is still weak lately, but the price of bitcoin is not going down to the level of $ 30,000 again. Therefore, this is the right time to buy when the bitcoin price corrects.

It’s still hard to determine if upto how much the price will go down but it is certain that the price will arise again when the market shows a positive sign and is having and recover it will soon to have another ATH. Im taking this time to study other altcoins like NFT and Metaverse as well to study more chart and flow of the market. The price may not be lower at 40k usd if ever for long so better prepare some amount so we can ride once the market starts to recover.

The fact that bitcoin is so much volatile and its hard for us to determine as to what price its deepest dip, then i think falling down to $30k might still be quite possible. With the continuous price decline of cryptos in the market, this correction might pave its way to a new bearish season that will definitely make the prices even more bearish. So with this case, i guess there's a lot of chances that $30k might be its bottom price in the end.

[GreatArkansas]

I see the price of bitcoin does not last long at the level of $ 40,000. But I believe, the weakening of the current bitcoin price does not rule out the possibility that the price will advance to a higher position until it reaches a new ATH record. But I think, although the price of bitcoin is still weak lately, but the price of bitcoin is not going down to the level of $ 30,000 again. Therefore, this is the right time to buy when the bitcoin price corrects.

When Bitcoin started broke $30,000 last year then up to $60,000.

These levels became significant for me, $20,000, $30,000, $40,000, $50,000, $60,000
It looks like becoming psychological support or resistance for the many.

So for me, dropping Bitcoin below $40,000 again, and that's the time I will consider $30,000 as support, then $40,000 resistance.

[ultrloa]

I see the price of bitcoin does not last long at the level of $ 40,000. But I believe, the weakening of the current bitcoin price does not rule out the possibility that the price will advance to a higher position until it reaches a new ATH record. But I think, although the price of bitcoin is still weak lately, but the price of bitcoin is not going down to the level of $ 30,000 again. Therefore, this is the right time to buy when the bitcoin price corrects.

It’s still hard to determine if upto how much the price will go down but it is certain that the price will arise again when the market shows a positive sign and is having and recover it will soon to have another ATH. Im taking this time to study other altcoins like NFT and Metaverse as well to study more chart and flow of the market. The price may not be lower at 40k usd if ever for long so better prepare some amount so we can ride once the market starts to recover.

The fact that bitcoin is so much volatile and its hard for us to determine as to what price its deepest dip, then i think falling down to $30k might still be quite possible. With the continuous price decline of cryptos in the market, this correction might pave its way to a new bearish season that will definitely make the prices even more bearish. So with this case, i guess there's a lot of chances that $30k might be its bottom price in the end.

If the level of fear will not fade out and the dump will continuously happen then we might fall at that number but if there's something event that can eliminate the fear of the people then chances for us not to see that one is also there but lets keep monitoring the market since its hard to place some position knowing market is not in good shape recently.

[michellee]

If the level of fear will not fade out and the dump will continuously happen then we might fall at that number but if there's something event that can eliminate the fear of the people then chances for us not to see that one is also there but lets keep monitoring the market since its hard to place some position knowing market is not in good shape recently.

Hopefully, the level of fear will leave those people as they now see the price can stay at the $42k level. If they start to build confidence by buying bitcoin at a lower price and still not panic with the volatility of the price, they should see their profit now coming to them. So in this time, they should manage their emotion and not do the same thing as before and hold on tight to their bitcoin until they can see their target price come to sell their bitcoin. They do not always have to monitor the market, but they should prepare their alarm so that the alarm will sound when the price reaches the level.

[bitterguy28]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I thought it will be an easy wait to see that 30,000 level for Bitcoin but now that this stays in place at 40,000 level? https://coinmarketcap.com/currencies/bitcoin/ I am starting to believe that we will be seeing another pump in the next weeks .

look how strong bitcoin holds at these level now? https://coinmarketcap.com/ and the market is making strong  hold and now showing a small increase overnight .

[Vaculin]

I see the price of bitcoin does not last long at the level of $ 40,000. But I believe, the weakening of the current bitcoin price does not rule out the possibility that the price will advance to a higher position until it reaches a new ATH record. But I think, although the price of bitcoin is still weak lately, but the price of bitcoin is not going down to the level of $ 30,000 again. Therefore, this is the right time to buy when the bitcoin price corrects.

It’s still hard to determine if upto how much the price will go down but it is certain that the price will arise again when the market shows a positive sign and is having and recover it will soon to have another ATH. Im taking this time to study other altcoins like NFT and Metaverse as well to study more chart and flow of the market. The price may not be lower at 40k usd if ever for long so better prepare some amount so we can ride once the market starts to recover.

The fact that bitcoin is so much volatile and its hard for us to determine as to what price its deepest dip, then i think falling down to $30k might still be quite possible. With the continuous price decline of cryptos in the market, this correction might pave its way to a new bearish season that will definitely make the prices even more bearish. So with this case, i guess there's a lot of chances that $30k might be its bottom price in the end.

If the level of fear will not fade out and the dump will continuously happen then we might fall at that number but if there's something event that can eliminate the fear of the people then chances for us not to see that one is also there but lets keep monitoring the market since its hard to place some position knowing market is not in good shape recently.

But it seems the market is making a little progress at the moment. Its currently priced at $42,769 so if this pump will continue to grow, then bitcoin will never have the chance to fall at $30k price level. For me, this progress will slowly remove the fears that we are facing right now, but somehow reaching $30k area will bring a good opportunity as bitcoin's best entry point. Maybe we could just observe the market right now and let's see what will be the price movement either its upward or still follow its downward trend.

[Poker Player]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

The fact is that we are in uncharted territory. I don't think so, although I was also sure we would pass $100K in 2021, then I don't know anymore. I think it's likely we'll be in an extended cycle and beat the previous ATH this 2022, although I wouldn't bet heavily on it.

[TravelMug]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I thought it will be an easy wait to see that 30,000 level for Bitcoin but now that this stays in place at 40,000 level? https://coinmarketcap.com/currencies/bitcoin/ I am starting to believe that we will be seeing another pump in the next weeks .

look how strong bitcoin holds at these level now? https://coinmarketcap.com/ and the market is making strong  hold and now showing a small increase overnight .

Yeah, same here, I thought that we went to around $41k, the price will continue to go down and will see $30k the soonest. But the market turns green in the last 2 days, holding support levels and now is currently above $42k and could be hitting $43k if the upward momentum continues.

Anyways, still the start of the year, we are not far from $30k so it is still possible at this market conditions as we are still in the bearish trend.

[STT]

Its entered the 30k prices and quite quickly retracted and moved upwards.   Going from 50k prices into the 30's so fast seems to have confirmed the move wasnt especially valid just fearful selling not especially with confirmation.
  I think right now we are quite positive as we are moving past 2 day, weekly averages back to challenge the monthly average which is the yellow line on this chart:


There was a series of descending lows but as always BTC is not so predictable and staying above 40.5k seems to have been positive enough to establish something of a low.   Target upside now is about 47k, see how it handles that to ascertain the recovery overall.

[yhiaali3]

Why this pessimism? I do not think that Bitcoin will visit the 30K$ area so that I expect the bottom to be at the 40k$ resistance, but in any case, even if the bitcoin visits the 30K$ area, there is no need to fear because Bitcoin will inevitably do it and return soon to the 50k$ areas and then there will be new tops, never worry Bitcoin has been under pressure much more than this and then came out strongly, this drop is in favor of the whales so they will try to squeeze the market as much as possible to accumulate the largest amounts of Bitcoin and then they will pump after that.

[jaberwock]

I thought that we went to around $41k, the price will continue to go down and will see $30k the soonest. But the market turns green in the last 2 days, holding support levels and now is currently above $42k and could be hitting $43k if the upward momentum continues.

Anyways, still the start of the year, we are not far from $30k so it is still possible at this market conditions as we are still in the bearish trend.

I would say that if you keep seeing red too many times in a row, then you should realize that it can't be for too long, the price crash usually happens all at once, and then it gets a bit more slower and slower and then stops. So yes there could be many red days in a row but that will have to stop eventually, and I believe that we are in that situation where the stop is happening right now.

I believed that the price would have stopped long time ago, I believed that it would happen like maybe a few days earlier and then we wouldn't see under 42k if you asked me. I was wrong with that and price did see under 40k for a very very tiny period of time. However, we are back to where I believed it would be.

[eaLiTy]

~
I believed that the price would have stopped long time ago, I believed that it would happen like maybe a few days earlier and then we wouldn't see under 42k if you asked me. I was wrong with that and price did see under 40k for a very very tiny period of time. However, we are back to where I believed it would be.

Right now it is interesting to see that we have a good support around $40k because whenever the price tend to go beyond that, it is recovering fast as we can see that there is a major buying wall when ever the price goes below $40k. If we are in a bear market i am sure it would not hold like that, so i am still optimistic that we will see one last rally before we see a major correction, which i think is inevitable.

[24Kt]

Why this pessimism? I do not think that Bitcoin will visit the 30K$ area so that I expect the bottom to be at the 40k$ resistance, but in any case, even if the bitcoin visits the 30K$ area, there is no need to fear because Bitcoin will inevitably do it and return soon to the 50k$ areas and then there will be new tops, never worry Bitcoin has been under pressure much more than this and then came out strongly, this drop is in favor of the whales so they will try to squeeze the market as much as possible to accumulate the largest amounts of Bitcoin and then they will pump after that.

As we are seeing now, instead of going down to $30k, it is now slowly going up and we are now more than $44k again. So for those who bought btc at $40k is already gaining a lil bit of profit. BTC will go down, but as we noticed, it always bounces. So if you want to take the opportunity before it goes up for more, decide for yourself what are you gonna do for the time being. I believe we already surpassed the $30k stage but in this market, everything is possible to happen.

[suzanne5223]

Why this pessimism? I do not think that Bitcoin will visit the 30K$ area so that I expect the bottom to be at the 40k$ resistance,

I agree with what you said and I also believe that there's a chance we may not see a Bitcoin downtrend to the $30K.
1) Institutional investors are the major investor of this current market.
2) A lot of retailer investors are ready to buy whenever a dip happens.
3) IMF research says Bitcoin has reached a mature stage
4) Jack Dorsey, Alex Morcos, and Martin White created a legal defense fund that will help Bitcoin Dev.

but in any case, even if the bitcoin visits the 30K$ area, there is no need to fear because Bitcoin will inevitably do it

Only that didn't deserve to join the cryptocurrency investment in the first place will be fear because of the downtrend.

[tbct_mt2]

Bitcoin might be summoned back to $22k area from which it will stop its pull back. Because it is a big cohort from $18k to $22k and if most of people in the market think that Bitcoin will hold $30k, it will can not hold it.

Market works like this. Years ago, when we believed Bitcoin found its bottom in bear market around $6k, it was broken to $4k. The same in March 2020 when we believed Bitcoin won't crash too much because halving to come, it dumped.

Same for this year but it is just a big wash out in the market and it is very healthy for Bitcoin growth. I am bullish for Bitcoin, and I will more confident about it if such wash out to $20k happens.

[rodskee]

Its entered the 30k prices and quite quickly retracted and moved upwards.   Going from 50k prices into the 30's so fast seems to have confirmed the move wasnt especially valid just fearful selling not especially with confirmation.
  I think right now we are quite positive as we are moving past 2 day, weekly averages back to challenge the monthly average which is the yellow line on this chart:


There was a series of descending lows but as always BTC is not so predictable and staying above 40.5k seems to have been positive enough to establish something of a low.   Target upside now is about 47k, see how it handles that to ascertain the recovery overall.

It was a fast drop , entering 30k but increased back in a matter of minutes  so there is no Dive that happened .

Now there seems to be a greening market again as majority of currencies increasing at least a single digit climb .

maybe there is a chance that we will take 50k level in a matter of weeks from this point .

[michellee]

Its entered the 30k prices and quite quickly retracted and moved upwards.   Going from 50k prices into the 30's so fast seems to have confirmed the move wasnt especially valid just fearful selling not especially with confirmation.
  I think right now we are quite positive as we are moving past 2 day, weekly averages back to challenge the monthly average which is the yellow line on this chart:


There was a series of descending lows but as always BTC is not so predictable and staying above 40.5k seems to have been positive enough to establish something of a low.   Target upside now is about 47k, see how it handles that to ascertain the recovery overall.

It was a fast drop , entering 30k but increased back in a matter of minutes  so there is no Dive that happened .

Now there seems to be a greening market again as majority of currencies increasing at least a single digit climb .

maybe there is a chance that we will take 50k level in a matter of weeks from this point .

Hopefully, bitcoin is strong enough to hold the price not to go down again as this moment is a good time for bitcoin to still rise for more. But if somehow, the price gets another correction, we can not do anything except accept that and try to buy more bitcoin. If you have a plan to buy bitcoin, maybe you can buy it now before the price continues to rise but you should prepare some money just in case the price is down again so you will have your chance to buy bitcoin at a low price. We need to have an additional plan to do to prevent the changing of the market so we can adapt to the current situation that happens at the market.

[pooya87]

I am not sure in the next two months Bitcoin will experience an increase, the correction phase from the end of 2021 until now has not recovered completely, that means the opportunity for Bitcoin is very small to rise, but for the long term, I think right now you can buy Bitcoin, then save up to new ATH, but you have to be patient and don't panic in the condition of the correction that will be greater later, because after that bitcoin will be pumped at a much higher price, be prepared to achieve it?

The thing about recoveries in bitcoin market is that they have usually been just as fast as drops. We have had at least 5 major examples in the past 2 years where people think price is going to recover slowly but all of a sudden price breaks a simple resistance and then it shoots up.
This is why I have my reverse bubble theory and I consider this price is also another reverse bubble.

[cryptomaniac_xxx]

I am not sure in the next two months Bitcoin will experience an increase, the correction phase from the end of 2021 until now has not recovered completely, that means the opportunity for Bitcoin is very small to rise, but for the long term, I think right now you can buy Bitcoin, then save up to new ATH, but you have to be patient and don't panic in the condition of the correction that will be greater later, because after that bitcoin will be pumped at a much higher price, be prepared to achieve it?

The thing about recoveries in bitcoin market is that they have usually been just as fast as drops. We have had at least 5 major examples in the past 2 years where people think price is going to recover slowly but all of a sudden price breaks a simple resistance and then it shoots up.
This is why I have my reverse bubble theory and I consider this price is also another reverse bubble.

And maybe this is also the reason why you think that we will have a new pattern or cycle now as it might break the old cycle that we have seen in the past?

Nevertheless with the way bitcoin's narrative have change in the last 2 years, maybe we will have 2 bull cycles just like when we have 2 new ATH in a single year. This is a nice theory, but who knows, this could happen this year (and then hits $100k).

[Rasa nanas]

yes I also think so, if the price of bitcoin falls below $40k it can cause panic selling and will cause a sharper price decline. if it really happens most likely in the near future the price of bitcoin will drop to the $30k support area. but currently the bitcoin price is still holding above $40k and the last few days there has been a small-scale price recovery and caused the bitcoin price to be slightly pushed up away from the $40k area. but the downward pressure is still very strong and it is unlikely that this small-scale price recovery will be able to push bitcoin to reach $45k.

[ranaprime]

Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

[Botnake]

Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

Bitcoin is still unstable at this time so chances are, it may continue to drop or it may surge its price again that could lead to its new ATH. But hitting the $30k area i think is still very possible especially if negative news will hit the market again and will leave a negative impact on bitcoin and altcoins. But having this price is not really bad at all since it will be the best price for bitcoin that may attract a lot of investors to enter in the market.

[adzino]

You asked a question that no one can answer. The price of crypto currencies are unpredictable. Like look at the chart you have given. According to you the price "may" go down to $30k if the trend continues. But it didn't. You see? The price went up above $43k. So it doesn't follow any specific trends and are always random/unpredictable. Different events can trigger bear/bullish market that goes against trend. Look at all those articles we have been seeing when the price was dropping. Everyone was saying the price will go below $40k and bitcoin is going to crash very badly. It didn't happen. So stop depending on those "likely" factors.

[michellee]

I am not sure in the next two months Bitcoin will experience an increase, the correction phase from the end of 2021 until now has not recovered completely, that means the opportunity for Bitcoin is very small to rise, but for the long term, I think right now you can buy Bitcoin, then save up to new ATH, but you have to be patient and don't panic in the condition of the correction that will be greater later, because after that bitcoin will be pumped at a much higher price, be prepared to achieve it?

No, bitcoin still has the opportunity to rise, even if it is not this year. If you check on the history, the recovery phase of bitcoin needs a long time. As you can see, after 2017-2018, the price is not rising so fast to back to $20k. Yes, we need to be patient and not panic while accumulating more bitcoin by buying at a low price. After bitcoin reached $43k yesterday, this day, bitcoin gets another correction and makes the price is down. So it proves that the recovery phase still needs time and make the price rise slowly but it will be at the last ATH soon.

[Chato1977]

Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

but now we are having another reddish market and seems like this near to come
as it was the system happens since late November 2021 , when there will be a small pump then will dump high and happens continuously till now.
so be aware and be ready of this because any moment your investment will come down and if you are willing to long hold then never worry of this.

[Kemarit]

Anything can be possible. The price of bitcoin decreases a lot form the ATH though the current condition is green but everything is possible. Due the current position the price of bitcoin rise up and we see that 38k has strong support zone for btc so normally it may not down under 38k in this stage.

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

[molsewid]

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

[Pamadar]

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

Better to have that kind of mindset where you are willing and ready to wait. This kind of market sway creates lots of fears.

We don't know how low bitcoin can go and the same thing with how high it can proceed once the
market starts to recover and bounces back.

Opinion based which answerable with your own understanding and belief inside this industry, better not to rush your
decision making and allow some time before you do anything.

[romero121]

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

If $40000 support gets broken automatically the market will experience a bear market atleast for some time period. Today it has tested $43k, and if this trend continues and broke the $45k there is possible chances of price touching $50k. As said people are more bullish about the market touching great price by this year. Fortunately there is more reasons for a bearish trend than a bullish move.

[Silberman]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

It is possible that bitcoin could enter that area but I doubt it will remain there, the bears could push the price down for some time but they simply lack the strength to do something like that for a long amount of time, besides with institutional investors now being part of the market it is likely that if they see a price of bitcoin that low they will buy as many coins as possible, increasing the demand and decreasing the supply in the process, which will in return increase its price as well.

[stadus]

The first line of support is $40,000 if that breaks then $38,000 will be the next.

And the good thing is that the price seems to be stable at above those numbers so we are all good. Forget about the all time high though, I don't think that we are going to hit any in the next couple of years now.

We have reach the top last year and so this year might be a bearish one, just saying. But we can still go above $50,000 though, I think for the majority that price is very low because we are looking for 6 digits but we will have to wait.

You are certainly right about it mate, I mean everyone are really looking forward to see bitcoin price hit a 6 digit value and that was about before the year 2021 ends but sadly bitcoin didn't make it instead it sits on it's resistance price between $40K-$49K. That's why I do understand that this kind of thread will be open up, I mean OP is not the one here who fails to see bitcoin breaks it's own ATH even me, I do expect and I really wait to see bitcoin's another milestone. Truly unexpected things happen anytime so that's better to be prepared at all times, prepare for the worst case scenario.

If $40000 support gets broken automatically the market will experience a bear market atleast for some time period. Today it has tested $43k, and if this trend continues and broke the $45k there is possible chances of price touching $50k. As said people are more bullish about the market touching great price by this year. Fortunately there is more reasons for a bearish trend than a bullish move.

Right. I see more chances for bitcoin to drop again and fall into its bearish season as i see the market is slowly facing the bears already. Even if bitcoin will break $45k, i won't still be convince that we are heading again to the bullish season because i know majority here are already preparing to make buy orders since the market is giving signs of bearish. So if the bear season is finally here, i guess it will be very possible for bitcoin to go down to $30k level that gives everyone a very good opportunity to buy bitcoin.

[Tumanggor]

~

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

the whales have been waiting for the dip, it went down more drastically in fact it was very profitable for them

but imo bitcoin to $30k is a phenomenon that will never happen again

even though I don't really believe in Elon Musk but he once said "the price of bitcoin will not drop drastically, if it drops drastically then many will buy it"

[24Kt]

~

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

the whales have been waiting for the dip, it went down more drastically in fact it was very profitable for them

but imo bitcoin to $30k is a phenomenon that will never happen again

even though I don't really believe in Elon Musk but he once said "the price of bitcoin will not drop drastically, if it drops drastically then many will buy it"

But we can never say never here. The likelihood of going down to $30k may be low, but we still need to prepare if this situation may happen in the future. We can never assure things will happen according to our expectations. We have seen a lot of ups and downs already, so by now, you already have in mind what to do with your funds to take advantage of the market.

[YinShuiSiYuan]

~

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

the whales have been waiting for the dip, it went down more drastically in fact it was very profitable for them

but imo bitcoin to $30k is a phenomenon that will never happen again

even though I don't really believe in Elon Musk but he once said "the price of bitcoin will not drop drastically, if it drops drastically then many will buy it"

Of course, big investors like Elon Musk really hope that Bitcoin will drop to $30k in order to buy more. In his words, I would see more that he predicts a drastic decline than that Bitcoin will not fall.
It is still uncertain whether Bitcoin will fall, because the most important resistance limit, i.e. $39k, has not been broken. Whatever it does, I think we'll be back over $50k within a few weeks, maybe months.

[Mamun74]

The market is going down little. I think,bitcoin unlucky down under $40000.Now bitcoin price around $42k+.Previous year bitcoin price was $66k+ and touched all record price but this year bitcoin price little dump Than 2021.i do expect and i sitill believe bitcoin will more development in this year.For my experience bitcoin price movement still correction. I hope bitcoin will be more rise again and price will be more increase.

[STT]

Right this minute you should attempt some optimism as the trend of decline hits bottom.   If it does surpass and continue downwards then breaking daily range would take us into thirty thousands and confirm the lower range rather then the attempt to break higher.   Its still possible for the moment we are able to make a bottom price here.



We've failed to beat the weekly average, so its resolved downwards.  It does look slightly more positive on the daily bars as we are simply tracking sideways in a range.

[Pamadar]

The market is going down little. I think,bitcoin unlucky down under $40000.Now bitcoin price around $42k+.

Then again, below $42K fluctuations continue to hurt the butt of investors and traders who want to have a quick profit.

Previous year bitcoin price was $66k+ and touched all record price but this year bitcoin price little dump Than 2021.i do expect and i sitill believe bitcoin will more development in this year.

There's no accurate prediction about that, but if you are one of those many believers, best to buy and store more BTC while the market is
still down, it's an opportunity that shouldn't be missed out.

For my experience bitcoin price movement still correction. I hope bitcoin will be more rise again and price will be more increase.

Hope is always there when you condition your mindset as long-term investor. It will save your ass not to lose your investment.

[kotajikikox]

Right this minute you should attempt some optimism as the trend of decline hits bottom.   If it does surpass and continue downwards then breaking daily range would take us into thirty thousands and confirm the lower range rather then the attempt to break higher.   Its still possible for the moment we are able to make a bottom price here.



We've failed to beat the weekly average, so its resolved downwards.  It does look slightly more positive on the daily bars as we are simply tracking sideways in a range.

But if we can keep the price level this 40k till weekend then we are safe again to try another High right?

stagnant at 41-43k level but at least showing strong at that part and not showing weakness to down fall at below 40k .

wondering what will happen when we step down to 30k area? will this be really the bottom or this is the initial of the bad weather and we will be seeing the 20k value?(In which i am praying to come lol)

[Taskford]

Right this minute you should attempt some optimism as the trend of decline hits bottom.   If it does surpass and continue downwards then breaking daily range would take us into thirty thousands and confirm the lower range rather then the attempt to break higher.   Its still possible for the moment we are able to make a bottom price here.



We've failed to beat the weekly average, so its resolved downwards.  It does look slightly more positive on the daily bars as we are simply tracking sideways in a range.

wondering what will happen when we step down to 30k area? will this be really the bottom or this is the initial of the bad weather and we will be seeing the 20k value?(In which i am praying to come lol)

That will be scariest scenario knowing that many doesn't want to see that so for sure a huge fear or panic will build up since people will speculate that it will fall more. This events happen before and it might happen to that's why we need to watch how things move since it will give us an idea on what action needed to do. But hopefully there's no something like this to happen since the current happening on bitcoin is much cool than its movement for the past couple of days.

[Chato1977]

Right this minute you should attempt some optimism as the trend of decline hits bottom.   If it does surpass and continue downwards then breaking daily range would take us into thirty thousands and confirm the lower range rather then the attempt to break higher.   Its still possible for the moment we are able to make a bottom price here.



We've failed to beat the weekly average, so its resolved downwards.  It does look slightly more positive on the daily bars as we are simply tracking sideways in a range.

But if we can keep the price level this 40k till weekend then we are safe again to try another High right?

stagnant at 41-43k level but at least showing strong at that part and not showing weakness to down fall at below 40k .

wondering what will happen when we step down to 30k area? will this be really the bottom or this is the initial of the bad weather and we will be seeing the 20k value?(In which i am praying to come lol)

I am also waiting for that Dip  , Imagine what we missed in 2020 will happen this year again? I'm sure this is a chance that we will never missed again.
Buying on that level will save my Ass in the next couple of years as I am planning to built my dream house and this opportunity of investing in the lowest price bitcoin can ever offer will surely make me high .

[sarmrakib]

Right this minute you should attempt some optimism as the trend of decline hits bottom.   If it does surpass and continue downwards then breaking daily range would take us into thirty thousands and confirm the lower range rather then the attempt to break higher.   Its still possible for the moment we are able to make a bottom price here.



We've failed to beat the weekly average, so its resolved downwards.  It does look slightly more positive on the daily bars as we are simply tracking sideways in a range.

But if we can keep the price level this 40k till weekend then we are safe again to try another High right?

stagnant at 41-43k level but at least showing strong at that part and not showing weakness to down fall at below 40k .

wondering what will happen when we step down to 30k area? will this be really the bottom or this is the initial of the bad weather and we will be seeing the 20k value?(In which i am praying to come lol)

I am also waiting for that Dip  , Imagine what we missed in 2020 will happen this year again? I'm sure this is a chance that we will never missed again.
Buying on that level will save my Ass in the next couple of years as I am planning to built my dream house and this opportunity of investing in the lowest price bitcoin can ever offer will surely make me high .

The chart is around days passed now it is sideways on around 42k$ .I think the support level is more strong if we fall from this level we may face more deep .Its true that investor always find the deep level to invest but is not it true that btc is still on low price??I think we have huge target on this year 2022 ,like you we also have few plan to enter on the market and also have a different dream .However i don't think it will fall down below 30k$ and surely we are on strong position to go to the if nothing happen uncertainly .Now let's see how btc act with us on upcoming days .

[poldanmig]

If we say it is impossible to go down to $35k or $30k, sometimes it can go down because we also see the market situation has not recovered.
But I see today's bitcoin price is still touching $43,810.8 and the current price is also still making us nervous because it can be expected to drop to $40k.

Right now the bitcoin price has dropped to $43,000 from its highest price in November 2021, now I think bitcoin has experienced a slight price recovery compared to a few days ago which reached its lowest point of decline at $41,000, the bitcoin price correction that is still happening allows the bitcoin price to return improving in the next few weeks, so I think now it is the right move to buy bitcoin in the market, because bitcoin is likely to recover in price once the market improves.

[btc_angela]

If we say it is impossible to go down to $35k or $30k, sometimes it can go down because we also see the market situation has not recovered.
But I see today's bitcoin price is still touching $43,810.8 and the current price is also still making us nervous because it can be expected to drop to $40k.

Right now the bitcoin price has dropped to $43,000 from its highest price in November 2021, now I think bitcoin has experienced a slight price recovery compared to a few days ago which reached its lowest point of decline at $41,000, the bitcoin price correction that is still happening allows the bitcoin price to return improving in the next few weeks, so I think now it is the right move to buy bitcoin in the market, because bitcoin is likely to recover in price once the market improves.

I think the price will be somewhat lows of $40k and then will go as high as $43k and that's it.

We are already in the dip from the last all time high and going below and hitting $30k might sent another panic in the market and there could be selling pressures again. So hopefully the price just remain like this, or just trade sideways and hope that we will have a break out run so that we will see some semblance of improvement to mid $40k.

[Dave1]

If we say it is impossible to go down to $35k or $30k, sometimes it can go down because we also see the market situation has not recovered.
But I see today's bitcoin price is still touching $43,810.8 and the current price is also still making us nervous because it can be expected to drop to $40k.

Right now the bitcoin price has dropped to $43,000 from its highest price in November 2021, now I think bitcoin has experienced a slight price recovery compared to a few days ago which reached its lowest point of decline at $41,000, the bitcoin price correction that is still happening allows the bitcoin price to return improving in the next few weeks, so I think now it is the right move to buy bitcoin in the market, because bitcoin is likely to recover in price once the market improves.

I think the price will be somewhat lows of $40k and then will go as high as $43k and that's it.

We are already in the dip from the last all time high and going below and hitting $30k might sent another panic in the market and there could be selling pressures again. So hopefully the price just remain like this, or just trade sideways and hope that we will have a break out run so that we will see some semblance of improvement to mid $40k.

At least though, we are just above the waters somewhat.

$40k is holding and we have been in this price for the whole month, so I guess the bulls are defending this price and who knows, a possible break out run in the first quarter.

Nevertheless, we should be watching the price right now, we all know a bullish run, but chances are the bears will likely take over the market, just saying.

[jamkesmas]

I'm with a cycle that usually happens every 4 years, I think bitcoin will touch 30 thousand, it could even be under 30 thousand.

[Baofeng]

I'm with a cycle that usually happens every 4 years, I think bitcoin will touch 30 thousand, it could even be under 30 thousand.

Anything is possible, we are in the $33k'ish right now, sooner or later we will touch $30k and then below that after if the support will not going to hold.

I guess under $30k might be the bottom though, the most I'm seeing is $25k.

But we are still far from the bull run, as you have said, we are in a cycle and right now is the start of a bearish that will last for good 2-3 year (ouch!) in my opinion.

[Mamun74]

I Think it will be possible to bitcoin price enter the $30k area.Now bitcoin price around $33k+ and previous week bitcoin price was avobe $36-38k+.Bitcoin price little dupm this week and dumping continue.... This year similar time bitcoin price was under $30k and 2021 bitcoin price huge increase and reached $66k+. I hope bitcoin price will be More increase and recover soon this year.

[ultrloa]

I Think it will be possible to bitcoin price enter the $30k area.Now bitcoin price around $33k+ and previous week bitcoin price was avobe $36-38k+.Bitcoin price little dupm this week and dumping continue.... This year similar time bitcoin price was under $30k and 2021 bitcoin price huge increase and reached $66k+. I hope bitcoin price will be More increase and recover soon this year.

For continouosly seeing the dump happening and the people think about heavy bear season is coming so those number is quite possible to reached, We might experience what happen happen before where heavy decline occur and that is long bear market season and I think this one is what people don't want to see that's why many are now in panic especially those people who bag some at highest price and slowly dumping their balances.

[Raflesia]

I Think it will be possible to bitcoin price enter the $30k area.Now bitcoin price around $33k+ and previous week bitcoin price was avobe $36-38k+.Bitcoin price little dupm this week and dumping continue.... This year similar time bitcoin price was under $30k and 2021 bitcoin price huge increase and reached $66k+. I hope bitcoin price will be More increase and recover soon this year.

For continouosly seeing the dump happening and the people think about heavy bear season is coming so those number is quite possible to reached, We might experience what happen happen before where heavy decline occur and that is long bear market season and I think this one is what people don't want to see that's why many are now in panic especially those people who bag some at highest price and slowly dumping their balances.

Who doesn't panic and it's clear for those who buy higher but will think this bear market will last longer and of course they will sell their balances slowly because of the panic, and people whose hands are weak will not be strong against prolonged bears of course choose cutloss on every balance they have this should hold on a bit and my support area is $30k.

My friend has decrease his assets but I said if your assets are in bitcoin, don't worry, one day a pump will definitely happen and it's better to hold on than to sell it at a big loss.

[skarais]

For continouosly seeing the dump happening and the people think about heavy bear season is coming so those number is quite possible to reached, We might experience what happen happen before where heavy decline occur and that is long bear market season and I think this one is what people don't want to see that's why many are now in panic especially those people who bag some at highest price and slowly dumping their balances.

There's nothing better now than just hoping the market recovers and bitcoin is back up bit by bit until it hits the $40K level. January was not as expected as we have seen bitcoin dump its price accompanied by unstoppable panic over fud. People are buying on the downs, but they keep seeing new declines because the panic hasn't stopped. The market is very risky for day trading, but may still be good long term as bitcoin is being discounted 50% since November 2021.

I don't expect bitcoin to drop to $30K although it still seems quite possible. If this panic continues then I'm sure people will try to get out and secure their assets to fiat for a while. But I expect $30K to be solid support during this late January.

[Pamadar]

For continouosly seeing the dump happening and the people think about heavy bear season is coming so those number is quite possible to reached, We might experience what happen happen before where heavy decline occur and that is long bear market season and I think this one is what people don't want to see that's why many are now in panic especially those people who bag some at highest price and slowly dumping their balances.

There's nothing better now than just hoping the market recovers and bitcoin is back up bit by bit until it hits the $40K level. January was not as expected as we have seen bitcoin dump its price accompanied by unstoppable panic over fud. People are buying on the downs, but they keep seeing new declines because the panic hasn't stopped. The market is very risky for day trading, but may still be good long term as bitcoin is being discounted 50% since November 2021.

I don't expect bitcoin to drop to $30K although it still seems quite possible. If this panic continues then I'm sure people will try to get out and secure their assets to fiat for a while. But I expect $30K to be solid support during this late January.

Hopefully that will happen, but we can't really tell if $30K would be the strong ground,

If panics continue, we can't prevent more fears coming from those holders who are now unsure what to do with their assets,
they surely looking for the best answer before making a big move.

The chance of letting go will add more pressure and will bring more dump the moment that this barrier collapse..

[STT]

I'm with a cycle that usually happens every 4 years, I think bitcoin will touch 30 thousand, it could even be under 30 thousand.

If we are in that larger cycle of prices then the full range would be down to 20k I presume.   However for it to happen all at once is not normally how it occurs, there's often a bounce along the way and that continued series of lower highs eventually leads to a multi year low.   There is the idea of war possible and FED actions but still it appears to have moved too much imo

[btc78]

What about now that the area is 30k , should there be another thread asking if "Will Bitcoin Price enter the $20k Area" ?

because this is the entire situation now and yes weeks after this thread it happens maybe 20k is also possible?(In which I really love to happen lol)

I'm with a cycle that usually happens every 4 years, I think bitcoin will touch 30 thousand, it could even be under 30 thousand.

If we are in that larger cycle of prices then the full range would be down to 20k I presume.   However for it to happen all at once is not normally how it occurs, there's often a bounce along the way and that continued series of lower highs eventually leads to a multi year low.   There is the idea of war possible and FED actions but still it appears to have moved too much imo

That is also why i wanted a new thread or revision of this title to 20k usd now .

[Epaper]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I think, if refer to your chart and until now the bitcoin price is still forming a lower low then there is a high probability that the bitcoin price will enter the $35k area. It is also possible that if this scenario of your chart pattern occurs, the price of bitcoin may fall again at $30k because it forms a head and shoulder pattern. But I don't think we're going to have a long winter because after dropping to that price level, the bitcoin price will rebound at least back to the $50k level again.

[kotajikikox]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I think, if refer to your chart and until now the bitcoin price is still forming a lower low then there is a high probability that the bitcoin price will enter the $35k area. It is also possible that if this scenario of your chart pattern occurs, the price of bitcoin may fall again at $30k because it forms a head and shoulder pattern. But I don't think we're going to have a long winter because after dropping to that price level, the bitcoin price will rebound at least back to the $50k level again.

the latter part of your post seems to be happening now because yeah we are heading to 45k and if this broken ? then 50k will be our next stop but what is good now
are the altcoins is making their way up more than how much Bitcoin climbs.
meaning investors are not only putting their funds inside bitcoin but segregating to more altcoins as well, if this continues then maybe we will be back to 2 trillion capitalization.

[StreakW]

In my opinion, although bitcoin in the last few days has experienced a very deep price correction to date, it will not drop to the $30k price level. Indeed the price of bitcoin had dropped to the level of $ 35k at this time, but I believe the current price decline will not last long and the price of bitcoin will rise back to the level of $ 40k. Therefore I believe a bull market is coming soon and bitcoin price will rise again significantly in the next few months.

[tbct_mt2]

In my opinion, although bitcoin in the last few days has experienced a very deep price correction to date, it will not drop to the $30k price level. Indeed the price of bitcoin had dropped to the level of $ 35k at this time, but I believe the current price decline will not last long and the price of bitcoin will rise back to the level of $ 40k. Therefore I believe a bull market is coming soon and bitcoin price will rise again significantly in the next few months.

We don't know whether it will happen and when it will happen.

There is some on-chain analytics for you from Glassnode Insights. We can see another capitulation from short term holders and Bitcoin will move to long term holders who have averaged price from $18k to $29k. Long term holders will not shake their Bitcoin if it falls to that range but most of short term holders will do.

[1CentAlsoWorthForMe]

I believe bitcoin's price will be able to reach $30,000. The current bitcoin price is approximately $37k+, whereas the prior week's price was around $36-38k+. Bitcoin's price has dropped a little this week, and it's still dropping. Because people are constantly witnessing the dump and thinking that a major bear season is approaching, those numbers are quite likely to be achieved. We may see what happened previously, where a huge fall occurs and a protracted bear market season occurs. I'm hoping that bitcoin's price will rise and recover quickly this year.

[bots1]

I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

[1CentAlsoWorthForMe]

I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

If Fed keeps increasing rates we might see BTC drop to 30 K. And if FEDs increase rates by 50 BPM in mid of march, There is more probability to BTC to test 30K level.

[Renampun]

I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

If Fed keeps increasing rates we might see BTC drop to 30 K. And if FEDs increase rates by 50 BPM in mid of march, There is more probability to BTC to test 30K level.

Williams, who serves as vice chairman of the Federal Open Market Committee (FOMC), said the US central bank could slow down or move faster. "But I don't see the need to do that (raise interest rates by a large amount) in the first place," he said.

I am pessimistic that the FED will raise interest rates in March because many high-ranking officials have rejected it...

Apart from that, there is no guarantee that an increase in interest rates from FED will cause the Bitcoin price to fall below $30k. Now investors are not so worried about the interest rate issue because they definitely will hodl their BTC assets.

[Frengki_cisco]

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

[Wong Gendheng]

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

If bitcoin goes into the $25k area then I'm sure it will be difficult to go up and maybe the recovery will take a long time, the other big impact of course will be a lot of altcoins dying and maybe the project development won't be as massive as it is today, but I'm sure the bitcoin price is between $40k to $50k will last a long time.

[sunsilk]

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

[KennyR]

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

Every market have got its moves happening over a cyclic process. Cryptocurrency market too does the same, but it highly unpredictable against the traditional market. For now two year of bull run is possible, because the market move much depends on the adoption.

Over the months there is good adoption of bitcoin even when the surrounding market isn't that supportive. Price around $30k will be reached over the time, but it will recover in the short term as the moves will be happening out of fluctuation and not out of trend change.

[24Kt]

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

Every market have got its moves happening over a cyclic process. Cryptocurrency market too does the same, but it highly unpredictable against the traditional market. For now two year of bull run is possible, because the market move much depends on the adoption.

Over the months there is good adoption of bitcoin even when the surrounding market isn't that supportive. Price around $30k will be reached over the time, but it will recover in the short term as the moves will be happening out of fluctuation and not out of trend change.

With what is going on between Russia and Ukraine, I am seeing that there will be more adoption in crypto. As we have seen, a lot of donations are going to Ukraine via crypto. Because for one, it is one of the fastest way to send money without disclosing your identity. People are now seeing the benefits of transacting crypto, and I think, more and more users will try to look at crypto market. And the fees as well is relatively cheap. So in my opinion, the price will increase in the coming months. Though correction will be a part of this market, but we are heading to very good adoption.

[sunsilk]

I believe Bitcoin this year can enter the $25k area, lower as you can imagine, lately a lot of phenomena have happened especially in the crypto market and the economic situation, from the speculation I see to enter the $25k area is quite large, maybe we need some time to wait for that to happen.

Expect the both sides of the best and worst.

The price that tank as low as even under $20k is possible as what the predictions say from everyone because of the cycle. Everyone remembers the cycle of 2017 and 2018.

And we may come into that position as 2021 as the year of the bull run just after the halving and then 2022 is the year of the bearish season. But things have probably changed this time, 2020 was the start of the bull run and as well as the halving. We will see at the end of this year if it's going to be a 2-year bull run.

Every market have got its moves happening over a cyclic process. Cryptocurrency market too does the same, but it highly unpredictable against the traditional market. For now two year of bull run is possible, because the market move much depends on the adoption.

Over the months there is good adoption of bitcoin even when the surrounding market isn't that supportive. Price around $30k will be reached over the time, but it will recover in the short term as the moves will be happening out of fluctuation and not out of trend change.

You're speaking entirely for the crypto market which has a cycle.

But, we don't know if that's going to be followed for this year. Well, it should start to see some drops by this month but if it's not then that's good for all of us that just wants to see it staying at this good level it has right now.

Adoption is going to be unstoppable year by year and it's going nowhere but to increase its rate there.

[Pamadar]

You're speaking entirely for the crypto market which has a cycle.

But, we don't know if that's going to be followed for this year. Well, it should start to see some drops by this month but if it's not then that's good for all of us that just wants to see it staying at this good level it has right now.

Adoption is going to be unstoppable year by year and it's going nowhere but to increase its rate there.

That's how it should be looked at, the adoptions are happening and aftereffect of that is an increase in value,

though we still experiencing corrections and the sway is still unpredictable, but in the long run we will continue to see more and more
people that will involve themselves in this business.

With how the market works and with how we have seen the progress, just like how you percept increase in rate will take
place. It's just your timing that will give you decent benefits.

[doomloop]

You're speaking entirely for the crypto market which has a cycle.

But, we don't know if that's going to be followed for this year. Well, it should start to see some drops by this month but if it's not then that's good for all of us that just wants to see it staying at this good level it has right now.

Adoption is going to be unstoppable year by year and it's going nowhere but to increase its rate there.

That's how it should be looked at, the adoptions are happening and aftereffect of that is an increase in value,

though we still experiencing corrections and the sway is still unpredictable, but in the long run we will continue to see more and more
people that will involve themselves in this business.

With how the market works and with how we have seen the progress, just like how you percept increase in rate will take
place. It's just your timing that will give you decent benefits.

The after effect of every adoption is always going to be positive or can lead to an increase because new people are buying and it would be strange if this leads to a more fall? But, falls are expected after all the people have successfully entered because the price will also be high that time and that's the time for the old investors to sell their coins to secure a profit.

Corrections are done last time but the aftershocks are still there as we feel small dumps but this isn't life-threatening, no need to worry cause we are heading on the right direction this time. If crypto works as a cycle therefore what follows an increase is a decrease or vice versa.

[Rimueng]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

Since December 2021 until now, the price of bitcoin is still in a correction phase which is quite frustrating, but that is how the crypto market works before forming a new movement, which is the main basis for every investor. If I look at your chart, it's possible that bitcoin price will continue to decline to $30k by forming a Lower Low after failing to establish a foothold in an attempted recovery. If the $30k area is breached, then we will be on the lookout for a stronger Bearish bottom which needs to be anticipated. Also be aware of the False Breakout.

[Pamadar]

-Snip-

-Snip-

The after effect of every adoption is always going to be positive or can lead to an increase because new people are buying and it would be strange if this leads to a more fall? But, falls are expected after all the people have successfully entered because the price will also be high that time and that's the time for the old investors to sell their coins to secure a profit.

Corrections are done last time but the aftershocks are still there as we feel small dumps but this isn't life-threatening, no need to worry cause we are heading on the right direction this time. If crypto works as a cycle therefore what follows an increase is a decrease or vice versa.

And we mostly seen that, just like what we are experiencing right now, after the dip now Bitcoin and most crypto projects

are moving upwards, lucky to those who bought from that dip below $40k, they can
continue to hold or they can sell it now for some decent amount of profits.

It will going to depend on how investors see the full potential of their hold assets.
You said it right, either to push more or maybe it will dump back.

[RealMalatesta]

And we mostly seen that, just like what we are experiencing right now, after the dip now Bitcoin and most crypto projects

are moving upwards, lucky to those who bought from that dip below $40k, they can
continue to hold or they can sell it now for some decent amount of profits.

It will going to depend on how investors see the full potential of their hold assets.
You said it right, either to push more or maybe it will dump back.

I have bought a bit under 40k, but I bought under 10k too, and above 60k too, hence it doesn't recall mean that "I was smart enough to know when it will go up". I will probably buy around these 40k prices as well. In the end we are talking about DCA and I am happy about it. It was always obvious that price reaching 50%+ lower would mean that it was just matter of time for the price to go up.

This is why I personally believe that anyone who knows what they are doing, would be buying even right now, but would have bought a long time ago for sure. Just focus on all those crashes, if you see the price crash too much then you could buy cheap and wait.

[Mamun74]

I think bitcoin will not back $30k again because bitcoin price increase day by day.February month bitcoin dropped  under $33k but This march month bitcoin price $47.5k+ level.The cryptocurrency market positive now and all coin price grow up again.I hope bitcoin price will more grow end of march and i hope bitcoin will touch $60k+ this year.

[Yaunfitda]

I think bitcoin will not back $30k again because bitcoin price increase day by day.February month bitcoin dropped  under $33k but This march month bitcoin price $47.5k+ level.The cryptocurrency market positive now and all coin price grow up again.I hope bitcoin price will more grow end of march and i hope bitcoin will touch $60k+ this year.

It's early to say if we are not going back to $30k or even less at this stage. Yes, the price has been growing in the last week or so, even breaking $45k, which for me is another accomplishment. Nevertheless, we can't tell if we are going to $60k or going down to $30k because there could be unforeseen events in the future that can sway investors to pour their money on the market.

[arufox]

I don't think the bitcoin price will drop to the $30k level again. In the last few weeks, the price of bitcoin experienced a significant price spike where the price of bitcoin is currently trading in the $46k price range. Therefore, I expect the current price increase to continue for the next few weeks to reach the $55k price target.

[Pamadar]

And we mostly seen that, just like what we are experiencing right now, after the dip now Bitcoin and most crypto projects

are moving upwards, lucky to those who bought from that dip below $40k, they can
continue to hold or they can sell it now for some decent amount of profits.

It will going to depend on how investors see the full potential of their hold assets.
You said it right, either to push more or maybe it will dump back.

I have bought a bit under 40k, but I bought under 10k too, and above 60k too, hence it doesn't recall mean that "I was smart enough to know when it will go up". I will probably buy around these 40k prices as well. In the end we are talking about DCA and I am happy about it. It was always obvious that price reaching 50%+ lower would mean that it was just matter of time for the price to go up.

This is why I personally believe that anyone who knows what they are doing, would be buying even right now, but would have bought a long time ago for sure. Just focus on all those crashes, if you see the price crash too much then you could buy cheap and wait.

Yup, if you focus on how the market behaves and with experienced that you already learned from the past movement.

It would be great to monitor and observe each market fluctuation. It gives you a good hint to buy
when opportunities show good potentials.

It's your own take to where to place your position, there are always good inside the market that you can take advantage,
best to track and manage to follow every path that you are following to have a much better chance of earning.

[stadus]

I don't think the bitcoin price will drop to the $30k level again. In the last few weeks, the price of bitcoin experienced a significant price spike where the price of bitcoin is currently trading in the $46k price range. Therefore, I expect the current price increase to continue for the next few weeks to reach the $55k price target.

If bitcoin will be able to keep that bullish momentum, then probably we might not see that $30k again. We know for the fact that bitcoin and the entire crypto market are very volatile and very unpredictable, any big bad news could cause a dump and that bullish momentum will be gone.

[stepwilli]

I don't think the bitcoin price will drop to the $30k level again. In the last few weeks, the price of bitcoin experienced a significant price spike where the price of bitcoin is currently trading in the $46k price range. Therefore, I expect the current price increase to continue for the next few weeks to reach the $55k price target.

If bitcoin will be able to keep that bullish momentum, then probably we might not see that $30k again. We know for the fact that bitcoin and the entire crypto market are very volatile and very unpredictable, any big bad news could cause a dump and that bullish momentum will be gone.

It is mate. We have seen btc getting bullish above 45k this past days and there is no signs that it will go down below 45k. Not all bad news can cause a dump, one example is the war. People are expecting the price of btc will go down during it but nope, the event gives a price boost instead.

The other one would be the covid 19. Same expectation again by the people but this only leads the price to rise. There is no question about the positive news because the effects of it are mostly positive. From this year, we don't see a full recovery yet so therefore I am expecting that the price will hit it first before doubting if the price will return to 30k again or not.

[Pamadar]

I don't think the bitcoin price will drop to the $30k level again. In the last few weeks, the price of bitcoin experienced a significant price spike where the price of bitcoin is currently trading in the $46k price range. Therefore, I expect the current price increase to continue for the next few weeks to reach the $55k price target.

If bitcoin will be able to keep that bullish momentum, then probably we might not see that $30k again. We know for the fact that bitcoin and the entire crypto market are very volatile and very unpredictable, any big bad news could cause a dump and that bullish momentum will be gone.

It is mate. We have seen btc getting bullish above 45k this past days and there is no signs that it will go down below 45k. Not all bad news can cause a dump, one example is the war. People are expecting the price of btc will go down during it but nope, the event gives a price boost instead.

The other one would be the covid 19. Same expectation again by the people but this only leads the price to rise. There is no question about the positive news because the effects of it are mostly positive. From this year, we don't see a full recovery yet so therefore I am expecting that the price will hit it first before doubting if the price will return to 30k again or not.

I go with your statement, those two things that happened were been anticipated to create some fud but instead,

it creates spikes and pumps, coming from deep market value. Bitcoin rises and gives decent profits to those who believes and hold.
We can't say that it won't happen. I'm referring with possible dump but with how the market is moving currently, it's still
good and still have a good potential to do sideways instead of dumping back to $30K.

[stepwilli]

I go with your statement, those two things that happened were been anticipated to create some fud but instead,

it creates spikes and pumps, coming from deep market value. Bitcoin rises and gives decent profits to those who believes and hold.
We can't say that it won't happen. I'm referring with possible dump but with how the market is moving currently, it's still
good and still have a good potential to do sideways instead of dumping back to $30K.

I do not mean that there is no way that it wouldn't go down ever! or something like that, of course there are days when it goes down, but people are focusing on when and how it will go down whenever it's high, and they end up selling and getting out when it's low, makes zero sense to me.

The reality is that we should be considering getting something a bit more decent and getting a bit more logical investments. If it is 45k and staying there and showing strong support, maybe then it's not so crazy to think that it may not go under that, or even if it happens thats a risk you take. I am guessing reaching to 50k is a lot more likely than reaching 40k, and reaching a new ATH is a lot more likely than hitting 30k.

[Ebede]

Most expected one among the huge people. Because many holding their money in dollars to inverse and get profit from it. The investment also look like gambling. But the investigation is difference between the investment and the gambling. Investigation is key to get the wrong and right of the trading profit.

i dont know very well but i know that any one who is making investment weather is cryptocurrency or any other investment so far the investment is like gambling, investment of cryptocurrency requires two things, advantages and disadvantages, so if the advantages enters for you then you make your Profit like Gamble credit, holding a coin result out into the two things i mentioned and is good to study and the time bracket your coin will stay before making a withdrawal

[Joshapat]

Many investors are waiting for the price of $ 30k to happen and want to buy more, but seeing the conditions and volume of daily bitcoin transactions that continue to increase then I believe the price of $ 30k is difficult to happen, the lowest possible price that can happen is $ 35k and this year it has been proven that when price of $ 35k then there will be a large buying volume and make the price skyrocket again.

[Reatim]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

So what's next after this question because the price of bitcoin drops down below 30k once and leveled to 30k multiple times just this year alone.

________________________________________________________

Isn't better to ask if what will happened now in climbing? i mean maybe we should ask now about the opposite side area in which the Hyping 

[Franctoshi]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

I don't see Bitcoin's price coming to such area ($30k) ,I'm expecting a modest $40k-$41k support level to hold , because after the break out from the week (W) pattern, this is the first time we're getting a major pull back from the price level we took off , the issue with most traders is that they panic a lot without having patient and being able to Identify why we do get some pull back. Everyone is waiting for Bitcoin to moon immediately without giving the market its time to complete its market structures and this is over expectation on Bitcoin.

[cryptomaniac_xxx]

Many investors are waiting for the price of $ 30k to happen and want to buy more, but seeing the conditions and volume of daily bitcoin transactions that continue to increase then I believe the price of $ 30k is difficult to happen, the lowest possible price that can happen is $ 35k and this year it has been proven that when price of $ 35k then there will be a large buying volume and make the price skyrocket again.

We will see if the price can hit on that levels though, currently this week is not that good for bitcoin as it went down hard to $43k right now. Trading volumes is a good indicator, and I would say that again, the volume is not that good resulting to the price declining. Nevertheless we are still very far from $30k and we might not hit that this year. Or even if we get to that price, for sure many will take advantage of that so we might have a faster recovery.

[Pamadar]

Many investors are waiting for the price of $ 30k to happen and want to buy more, but seeing the conditions and volume of daily bitcoin transactions that continue to increase then I believe the price of $ 30k is difficult to happen, the lowest possible price that can happen is $ 35k and this year it has been proven that when price of $ 35k then there will be a large buying volume and make the price skyrocket again.

We will see if the price can hit on that levels though, currently this week is not that good for bitcoin as it went down hard to $43k right now. Trading volumes is a good indicator, and I would say that again, the volume is not that good resulting to the price declining. Nevertheless we are still very far from $30k and we might not hit that this year. Or even if we get to that price, for sure many will take advantage of that so we might have a faster recovery.

Still far from $30K and with how the market is still trying to hold still good for investors and scalpers to invest in.

Though it's more on how you can handle the risk and how you anticipate but for sure there are people who know how to play
this kind of market situation.

Even there's a sight decline, there are still traders who can manage to earn a decent amount of money from this business.

[macson]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

We're already into Q2 of 2022, and have seen Bitcoin price drop below $40k ^{(but haven't touched $30k since early 2022)}.  even by the end of this year, i'm sure Bitcoin won't go down to $30k even lower past that price more.  just remember, that when the price of Bitcoin hits $30k then there will definitely be a lot of investors who buy back.

[coolcoinz]

^
They can't keep rising rates because it will eventually lead to stock market crash and huge recession. They don't want a wave of bankruptcies that spin out of control. Fed is actually in deep shit because they should be adjusting rates at first signs of inflation not wait for it to become critical and then go hard and they sure took their time in 2020 and early 21 when it was obvious that we are getting hit by covid.

As far as Bitcoin goes, I have some money set on the side in vase we touch the last lows of 34k and I'm pretty sure most investors have. I see no reason for us to go lower, unless the war enters a new stage like a clash between Russia and NATO forces or a use of nuclear weapons in Ukraine.

[Captain Corporate]

 Stock market crash would probably not happen because of high rates, I mean sure it could happen, but high rates also means free money for people in interest which could lead to more money that could go to stocks as well. Not right away, like you said it could be a crash for a while, but high rates will either balance out or go down eventually, at which point there will be more fiat in everyones pockets, specially the finance world, they will then use that to buy stocks that will skyrocket the prices. This is exactly what happened after the 2008 crash, there was free money given basically for all those banks, which bought stocks and increased it a lot during obamas second term and even early trump period.

[Newlifebtc]

Bitcoin is close to the current $40k support area. seeing that the pressure has continued since the beginning of this year, it is likely that bitcoin prices will continue to be depressed for the next few weeks and enter the $30K area.

Maybe bitcoin will enter the $30K support area because if Bitcoin continues to be depressed beyond that level, Bitcoin is likely to experience a fairly long winter.

We're already into Q2 of 2022, and have seen Bitcoin price drop below $40k ^{(but haven't touched $30k since early 2022)}.  even by the end of this year, i'm sure Bitcoin won't go down to $30k even lower past that price more.  just remember, that when the price of Bitcoin hits $30k then there will definitely be a lot of investors who buy back.

I don't believe that because if bitcoin fall it does not repeat itself unless the market come to be bad enough that people refuse to buy Bitcoin again, this year 2022 bitcoin i expected Bitcoin to keep rising in a small form

[777Jolami]

I think bitcoin is currently bottoming at $39k-$40k and will bounce back.  BTC has been falling for the past few weeks and I believe bitcoin is still growing, the long term trend is still bullish.  I believe we are still in a bull market and not a bear market… Most likely this is the last correction before BTC heads towards $60k

[chikading2016]

For now bitcoin is still above 40k$ And there is a possibility that anytime it will enter 30k$ area and it is already expected. That is why i think that buying for now is not good for the possibility of dropping is in the corner we need to surpass 45k$ again before making a decision, i believe that if bitcoin rise up to 45k$ it will go up to 50k$ again.

[bhooscream]

I think bitcoin is currently bottoming at $39k-$40k and will bounce back.  BTC has been falling for the past few weeks and I believe bitcoin is still growing, the long term trend is still bullish.  I believe we are still in a bull market and not a bear market… Most likely this is the last correction before BTC heads towards $60k

You seem quite confident that the Bitcoin price won't drop again below $40k and still possible to reach $60k. To be honest, I don't expect much for the Bitcoin price to reach $60k again. The Bullrun period should end already if we analyze it based on the halving schedule. But the Bullrun scheme in the current halving BTC may be a bit different from the previous years. Moreover, there is still some good news related to Bitcoin adoption and its uses in daily life. This may support the Bullrun period to be longer.

[arufox]

I don't think the bitcoin price will drop to the $30k level again. In the last few weeks, the price of bitcoin experienced a significant price spike where the price of bitcoin is currently trading in the $46k price range. Therefore, I expect the current price increase to continue for the next few weeks to reach the $55k price target.

If bitcoin will be able to keep that bullish momentum, then probably we might not see that $30k again. We know for the fact that bitcoin and the entire crypto market are very volatile and very unpredictable, any big bad news could cause a dump and that bullish momentum will be gone.

I think bitcoin is currently on the rise again after dropping to the $39k price range a few weeks ago. currently, bitcoin is in a strong green zone to continue its significant price increase, supported by volume showing stronger selling. So, I see that if the current price increase has the potential to continue to show an increase, the nearest support is around $44k $45k.

[Dhaniii]

I don't think the bitcoin price will drop to the $30k level again. In the last few weeks, the price of bitcoin experienced a significant price spike where the price of bitcoin is currently trading in the $46k price range. Therefore, I expect the current price increase to continue for the next few weeks to reach the $55k price target.

If bitcoin will be able to keep that bullish momentum, then probably we might not see that $30k again. We know for the fact that bitcoin and the entire crypto market are very volatile and very unpredictable, any big bad news could cause a dump and that bullish momentum will be gone.

I think bitcoin is currently on the rise again after dropping to the $39k price range a few weeks ago. currently, bitcoin is in a strong green zone to continue its significant price increase, supported by volume showing stronger selling. So, I see that if the current price increase has the potential to continue to show an increase, the nearest support is around $44k $45k.

it looks like your hope has been lost as today bitcoin is back to $39k with the metric condition indicating it will go down again. but the reduction has not been proven to be wrong or legitimate, but must remain within the reach of careful scrutiny. bitcoin for now does not seem to have strong support from investors and the evidence is bitcoin is back down at $39k for this Friday.

[fullhdpixel]

it looks like your hope has been lost as today bitcoin is back to $39k with the metric condition indicating it will go down again. but the reduction has not been proven to be wrong or legitimate, but must remain within the reach of careful scrutiny. bitcoin for now does not seem to have strong support from investors and the evidence is bitcoin is back down at $39k for this Friday.

Interesting to see bitcoin going down today, but these are the levels we have seen plenty of time before, as long as it's above 38k+ levels then I am feeling fine as a bullish long term investor. To be fair I wouldn't care if it dropped to 20k and bounce back to 40k in the next few months, I will not sell anyway.

But, there are many people who would lose money and that would be sad, so I hope it doesn't get there. In the end crypto is not something we should be worried in the long run, 39-40k levels are stable and it rarely ever drops from those levels, I doubt that this drop means anything significant or different from the previous drops, probably the exactly same thing.

[stomachgrowls]

it looks like your hope has been lost as today bitcoin is back to $39k with the metric condition indicating it will go down again. but the reduction has not been proven to be wrong or legitimate, but must remain within the reach of careful scrutiny. bitcoin for now does not seem to have strong support from investors and the evidence is bitcoin is back down at $39k for this Friday.

Interesting to see bitcoin going down today, but these are the levels we have seen plenty of time before, as long as it's above 38k+ levels then I am feeling fine as a bullish long term investor. To be fair I wouldn't care if it dropped to 20k and bounce back to 40k in the next few months, I will not sell anyway.

But, there are many people who would lose money and that would be sad, so I hope it doesn't get there. In the end crypto is not something we should be worried in the long run, 39-40k levels are stable and it rarely ever drops from those levels, I doubt that this drop means anything significant or different from the previous drops, probably the exactly same thing.

Im already preparing my stash or wallet whenever the price would be dropping around this area but it seems 38-39k support isnt something that easy to be break yet we've been retesting this area for

how many times but still failed to break and eventually made out some recovery afterwards or making out some sideways movement or stable like kind of behavior which it is really hard to determine
on what would be the possible movement next ahead.

For now, decisions would vary for each investor or trader whether they do wait up a little further or would really be taking up accumulation phase at this point.

[Sir Legend]

If we see to the market trends, the bitcoin price when it enters the $30k area then there is a very large transaction volume, even today when the price rose from $38k to $40k the transaction volume rose more than 29%, this proves that investors are waiting for the price low to buy.

[Bitcoin2009]

Today there was a price correction of around 2% and now we are entering the $30k area, many experts believe that the price will continue to decline because of the trend that occurs every 4 years so we deserve to be patient and don't do anything, it's better to wait and if the price is below $35 k then you should immediately switch to coin stable.

[buwaytress]

Today there was a price correction of around 2% and now we are entering the $30k area, many experts believe that the price will continue to decline because of the trend that occurs every 4 years so we deserve to be patient and don't do anything, it's better to wait and if the price is below $35 k then you should immediately switch to coin stable.

You do know this is not the first time we broke 40k support recently, ya? And since when is 2% cause for concern anyway?

They are right though, these experts haha. Lower lows and less time spent above 40k. Hate to admit it but weakness all over spelling blood. Crunch time coming, we are just going to have to bite down.

[STT]

Its a weak recovery at present, likely to need a repeat and confirmation of any support process in play.   I think we have not had enough volume with any buying to justify alot of optimism.



This shows to me we are at best likely to go sideways.   It can recover later but thats yet to show, just holding here would be something to build on but really needs to get back above 35k or presume selling continues to be bias.

[Untomabur]

$30k area? Isn't it now down below $30k?, I think it's the strongest support at $30k but $28k is the strongest support,
well hopefully, everyone hopes that $28k can withstand the bearish sentiment that occurs in all social media,
because they have seen dumped actcoins more than -90% of course this makes me sure the market will recover

[Pujangga]

After almost 3 months in the range of $40k bitcoin then dropped and is now around $20700, of course this is a very vulnerable level because if bitcoin drops below $20k then many panic, making it harder for the market to recover.

[ShowOff]

After almost 3 months in the range of $40k bitcoin then dropped and is now around $20700, of course this is a very vulnerable level because if bitcoin drops below $20k then many panic, making it harder for the market to recover.

As of today the bitcoin price is still trading around $20K to $22K. There is the potential for a possible crash to see the bitcoin price drop below $20K, and if that happens then we can assure ourselves that a repeat dump scenario like 2018 could become a reality. Maybe now isn't the time to think about how a bad scenario could happen to bitcoin, but we have to believe that $20K is a very good opportunity to get bitcoins in the wallet.

[tn211]

I think now is a good time to follow the market. It's the  time of the year where money is been made. For me I tested a short with 200 bucks margin. Let's see if it that works.
Overall i feel like a bear, but we may seem opportunities on the short term.

[Sebas.tian]

I think now is a good time to follow the market. It's the  time of the year where money is been made. For me I tested a short with 200 bucks margin. Let's see if it that works.
Overall i feel like a bear, but we may seem opportunities on the short term.

I don't think, the market is looking good for traders to achieve a good profit because the price is still low for those that purchased at the rate of $30,000 few months ago in the market. Since we are still in the bear season, it will be difficult for traders to make a huge amount of money in this season compared when the price of Bitcoin was $50,000 in the market that was making traders to smile through out the season. Based on what is happening right now in the crypto market, it show that traders will soon experience bullish season in the community because the price of Bitcoin is about to hit higher for long term traders and short term traders to smile again.

[Moshi Moshi]

$30k for Bitcoin can be achieved this month, considering Bitcoin has also experienced an uptrend,
and is now at a price of $24k, yes, if it can survive above $25k then $30k will be achieved soon,
moreover the sentiment is still bullish, hopefully it can be achieved in end of august

[Rimueng]

I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

If Fed keeps increasing rates we might see BTC drop to 30 K. And if FEDs increase rates by 50 BPM in mid of march, There is more probability to BTC to test 30K level.

The Fed has made a policy of raising interest rates this month. The impact of the massive interest rate hikes, has had an impact on the crypto market in the past month or so. The price of bitcoin has experienced a very deep price drop where it is currently trading in the $23k price area.

[First Registration]

I don't think the bitcoin price will go down to the $30k area. although the last few days, the price of bitcoin had fallen to the range of $35k, now the price of bitcoin has increased again and the price of bitcoin is trading again in the range of $39k. I believe that in the near future the target price for bitcoin will be in the $42k-$45k range.

If Fed keeps increasing rates we might see BTC drop to 30 K. And if FEDs increase rates by 50 BPM in mid of march, There is more probability to BTC to test 30K level.

The Fed has made a policy of raising interest rates this month. The impact of the massive interest rate hikes, has had an impact on the crypto market in the past month or so. The price of bitcoin has experienced a very deep price drop where it is currently trading in the $23k price area.

Current 23k but now bull market has started. So hopefully going to 30k is very easy. It is true that no one can tell when the market will go. The market was down due to being in a bear market for many days. But even then the price of Bitcoin can go down. Because the market always goes up and down.