Will Bitcoin Price Enter the $30k Area?

[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.