Will Bitcoin Price Enter the $30k Area?

[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.