Will Bitcoin Price Enter the $30k Area?

[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.

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[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.

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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.