Will Bitcoin Price Enter the $30k Area?

[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.