Is $30k the bottom for this dip?

[cheezcarls]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

I can say there will be lots of supporters in the $30k range, but there are no guarantees or promises about it though. $25k to $30k might be the supporting range in my own instinct, but this could be very interesting for those of you who have hoped to buy some BTC at a cheap price.

[Renampun]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

after Bitcoin price managed to drop past $40k, I'm not sure Bitcoin will get past $30k...

Market dips do happen every year, but I see the $30k bitcoin price is no longer possible. Besides that, I also see that those who focus on campaigning to buy bitcoin on social media will work even harder, the market will definitely recover, and we can all sleep well again

[jrrsparkles]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

In the last cycle it went to 3K from 20K so it dropped almost 700% so based on such calculation imagine this cycle's ATH was $65K if I am not wrong we can expect the prices reaching the 10K even at the worst case scenario it may drop to 4 digit value too. Don't panic this is normal and if you came here just after the last bull market then you will know the value of HODL in the tough times.

[stadus]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

after Bitcoin price managed to drop past $40k, I'm not sure Bitcoin will get past $30k...

Market dips do happen every year, but I see the $30k bitcoin price is no longer possible. Besides that, I also see that those who focus on campaigning to buy bitcoin on social media will work even harder, the market will definitely recover, and we can all sleep well again

For me, there are still chances that bitcoin will definitely fall more and may end up below $30k. Because once we see bitcoin making a consistent fall, it becomes even more unpredictable so its hard to predict its bottom value from the current dip. But let's not be pessimistic because of the current events, bitcoin and altcoins may be experiencing a drastic fall but as long as there is high demand for them, they won't end up zero value. They will still recover from this latest dump and once positive news will fill in the market, i think they will start rising up again and continue to skyrocket.

[erep]

For me, there are still chances that bitcoin will definitely fall more and may end up below $30k. Because once we see bitcoin making a consistent fall, it becomes even more unpredictable so its hard to predict its bottom value from the current dip. But let's not be pessimistic because of the current events, bitcoin and altcoins may be experiencing a drastic fall but as long as there is high demand for them, they won't end up zero value. They will still recover from this latest dump and once positive news will fill in the market, i think they will start rising up again and continue to skyrocket.

Even though the market is currently crashing, it will be difficult to predict the underlying value concretely when the market is in a pump and dump momentum but in general it is possible based on connecting facts about market news that is happening. I'm assuming the market won't recover anytime soon but heading in the direction of the $30k lows, I'll be waiting for early February to review the real market direction before converting the USDT pool into coins.

[Quidat]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

If we're heading for worse bearmarket like in 2018, then I can say it's better If Bitcoin falls below $30k. Why? So everyone will have their chance to fix their regrets before for not buying at a the cheapest price possible. Now, I guess If Bitcoin falls under the $20k level, that's a good way to make profit for hodling long term as Bitcoin will most likely to be hitting the 6 digit figure in the next bull season.

As of the moment, Btc is at $35k and I'm not gonna be surprised If it falls down to $30k in a day or two.

Easy to say but when you are already on such condition on where the market had plummet or crash down like that then you would really still have doubts whether you should buy
or wait a little bit more.It would really be just normal for us to find the possible bottom as much as we could which is really a very common behavior we do have since its an unpredictable
market on the first place and looking for the bottom is always been a challenged but with due experience then you could at least have the idea whether it is worth to enter or not.
This would vary on someones personal risks management factor.

[DoublerHunter]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

^ Possible it is.
But the fact is predicting is really hard at this moment, nobody knows where the market price is headed it could create a more narrow line down or it will have a fast boost growing up. But I still believe in BTC and I have faith in it that it will surge back in the market. Let's just wait furthermore when it will be a good time to invest while small-scale investors panic selling their coins because they were afraid to get a loss while the wise investors start investing right and full their bags. As I say, this current drop was given a chance to others to invest, and probably at the level of $30k is a bottom dip and the correction will be done this week.

[freedomgo]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

^ Possible it is.
But the fact is predicting is really hard at this moment, nobody knows where the market price is headed it could create a more narrow line down or it will have a fast boost growing up. But I still believe in BTC and I have faith in it that it will surge back in the market. Let's just wait furthermore when it will be a good time to invest while small-scale investors panic selling their coins because they were afraid to get a loss while the wise investors start investing right and full their bags. As I say, this current drop was given a chance to others to invest, and probably at the level of $30k is a bottom dip and the correction will be done this week.

I think it may happen or not, because its really hard to predict with such an unpredictable market.  It may even go down below $30k if bearish season will last longer. So this only means that the opportunity to fill our bags with potential coins will continue, and it won't stop unless the market starts to recover. But definitely, a lot are panicking today and are afraid to see the coins falling into dips, however we cannot do something about this but to wait patiently until the bearish season is over.

[24Kt]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

^ Possible it is.
But the fact is predicting is really hard at this moment, nobody knows where the market price is headed it could create a more narrow line down or it will have a fast boost growing up. But I still believe in BTC and I have faith in it that it will surge back in the market. Let's just wait furthermore when it will be a good time to invest while small-scale investors panic selling their coins because they were afraid to get a loss while the wise investors start investing right and full their bags. As I say, this current drop was given a chance to others to invest, and probably at the level of $30k is a bottom dip and the correction will be done this week.

I think it may happen or not, because its really hard to predict with such an unpredictable market.  It may even go down below $30k if bearish season will last longer. So this only means that the opportunity to fill our bags with potential coins will continue, and it won't stop unless the market starts to recover. But definitely, a lot are panicking today and are afraid to see the coins falling into dips, however we cannot do something about this but to wait patiently until the bearish season is over.

This opportunity is very good to those who have extra funds to spare. Because if you are buying now, of course, would be hard to say, you will sell after a week or so because it depends on the market conditions. If in case, btc will go down as much as 30k, then, that's very good opportunity to collect more satoshis. Because in time, its price will be rising again. So to avoid regrets, why not buy some today if you strongly believe that bitcoin will rally again in the near future.

[GreatArkansas]

After $40,000 broken, $30,000 now will be the psychological support for me.
If you take a look at how huge the dump was when Bitcoin broke $40,000. The $40,000 is now acting huge psychological resistance.

It's just sad that the dump is too huge, it's not healthy for me, I am expecting some bounce here and test the $40,000.

[wheelz1200]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

It depends on other markets.  I think both stocks and housing gonna slug through 2022.  People might be more willing to part with their crypto before some of those assets so I think we really get into the sub 20s before this flattens out.  Could be a long drought all the way up to the next halving, buckle in.

[adaseb]

$30K seems very too obvious to be the bottom. Kind of how $50K was too obviously to be the top or $100K so instead it topped at $69K.

Many will want to buy at $28-30K. So Bitcoin will do what it does best and it will either

1) Go to $30K, look like it’s going up, and then dropped down below $30K.

2) Go close to $30K like $31K or $32K and reverse from there.

Same with $20K if $30K doesn’t hold. Trading can’t be too easy.

[pooya87]

Many will want to buy at $28-30K. So Bitcoin will do what it does best and it will either

I wouldn't count too much on what people want or better say wish. It was last month they were wishing to buy at $48k-$50k then changed that wish to $40k-$45k and it was last week they were wishing to buy at $38k-$40k and yet today we are sitting at $35k and they didn't buy at any of those prices!
All it takes is a small signal to see a tsunami of buys from panic buyers, and right now they are all scared and hiding.

[ancafe]

I hope that is correct speculation. I suspect that when the bitcoin price drops more than $30k, it could easily drop to the $25k range. Well, I didn't expect that. I'm still very hopeful not to see a $30k price at this point, and hope that the bitcoin price will bounce back at least back into the $40k range.

[Reatim]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

I don't believe that we will going that low mate because seeing how supportive the price now and how recovering starting to happen?

https://bitcointalk.org/index.php?topic=5382683.0

this thread is much believable than yours, 34k would be the bottom and we will never go another low from that.

I hope that is correct speculation. I suspect that when the bitcoin price drops more than $30k, it could easily drop to the $25k range. Well, I didn't expect that. I'm still very hopeful not to see a $30k price at this point, and hope that the bitcoin price will bounce back at least back into the $40k range.

that is IF THE PRICE FALL TO 30k then there could be another 20k level , but is this coming? I don't think so lol .

[romero121]

Entire market is experiencing it's downtime, and the market may drop down even further or this could move upwards. Right now new users who entered the market last year will be now experiencing the bad time of the market. As some users predicted the price could turn bullish and then might drop down to the present low price.

Everytime the price drop, people panic to invest. People were speculating much about the market to be bullish, but this hasn't happened. This looks like the price of bitcoin is moving same as that happened once after the previous bull market of 2017-2018. Once after the bullish move, people were with much expectation and the market crashed. Now similar move is happening. For this reason there is more chance of gradual decline in the market for long term.

[Chato1977]

Just keep the patience guys . market is experiencing another dumping because of many factor but this is temporary because we have seen this more before and we will never doubt the capacity to recover and reached another ATH in the coming years.
so buy now , and sell later.

[btc78]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

for me come what may now mate because I know that this is going to happen actually and i am waiting for the chance to enter more and this is the perfect timing.

I have been looking for this opportunity and now that it is here? i will grab this and will never miss like what i did in 2020.

[aruldaroy]

The entire cryptocurrency market is on a blood bath level most cryptocurrency witness a higher percentage of price drop which have turned so many analysts to speculate the next stop price before the bull run, if you have been flowing up with recent price actions it show Bitcoin losing almost 7% of it price falling back to 38k and have been struggling to maintain that price level up till now.
Will the 30k price benchmark be the next bottom line before the rise?

I can say there will be lots of supporters in the $30k range, but there are no guarantees or promises about it though. $25k to $30k might be the supporting range in my own instinct, but this could be very interesting for those of you who have hoped to buy some BTC at a cheap price.

But today I saw the price of bitcoin was still around $35k, so if you want to buy bitcoin, I think just wait until the price goes down $30 so there's a little profit when bitcoin goes up again to $40k or $50k.

[eaLiTy]

~
that is IF THE PRICE FALL TO 30k then there could be another 20k level , but is this coming? I don't think so lol .

It is really difficult to predict what the bottom will be, but if there is a correction from this position, we could very well see below $30k and i wont be surprised if the institutional investors wait for a rise from this position to book another profit again. If the market performs like they usually performs during a bear run like they did during the past correction, i expect the market to go below $25k.