Is $30k the bottom for this dip?

[Slow death]

Will the 30k price benchmark be the next bottom line before the rise?

the price is now at $36400 and it has not even reached $32000 so this is a case to say that the price will not reach $30000, at least we are sure that it will not fall below $28000. in my opinion cause for concern would be if someday bitcoin price falls below $28000, as long as we are above $28000 there is no reason to worry and never believe those analysts who always fail in price prediction

i expect the market to go below $25k.

this will no longer happen, we will not see this price anymore

[AmoreJaz]

Will the 30k price benchmark be the next bottom line before the rise?

the price is now at $36400 and it has not even reached $32000 so this is a case to say that the price will not reach $30000, at least we are sure that it will not fall below $28000. in my opinion cause for concern would be if someday bitcoin price falls below $28000, as long as we are above $28000 there is no reason to worry and never believe those analysts who always fail in price prediction

i expect the market to go below $25k.

this will no longer happen, we will not see this price anymore

the market is slowly going up again. so i don't think we will hit the 30k level. but let's not be confident that it won't. anything can happen. just prepare on possible scenarios that may happen in the next months to come.
for those who bought at 35k level and are in short-term trading, you are already getting your profit. not big for now but if you can wait a lil bit more, you may get good returns of your money.

[lepbagong]

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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.

if it's true it will go down as you predict, obviously I agree it's better to wait indeed so that it can reach $ 30K. but if it does not reach the desired price, it is clear that the current opportunity has decreased enough to be lost and the opportunity will not be obtained again.

so indeed everything must do the analysis correctly and need predictions that are at least close to. because the opportunity to buy at the best price will be lost because it is too long to wait for it to go deeper.
So all now depends on what we think, are we going to do it right away or wait some more?

[timerland]

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 highly doubt it.

I think we will actually go down to below $20k surprisingly, even though some people seem to think that the bear market will not go that low.

The increase in interest rates is going to be a big hit to all risk-on assets in my opinion and I think that it will hit much harder than people expect since inflation is still high.

Have plenty of liquidity for the next 2 years or so on standby ready to be deployed.

[lienfaye]

Will the 30k price benchmark be the next bottom line before the rise?

Its possible and it can go even lower to $30k. I think the lowest that we will see is $20k if the price continue to drop before the consistent increase. But somehow the market is recovering a bit so we're hopeful that the price wont drop further. On the other side this is a good time to fill our bags to those investors who missed to hold BTC after reaching the ath last year. Who knows the price will start to climb up again in the coming days.

[michellee]

Will the 30k price benchmark be the next bottom line before the rise?

We will see it later as the price can be up and down like this many times. But if we take a look at the moves in these few days, it seems the price can go to $30k but it is still difficult to know where is the bottom and we can only guess and speculate. Hopefully, the price will not go down to the $27k-$29k level because if that really happens, we will go back to the situation before the last ATH is reached.

But this situation also gives us the opportunity to buy low and sell high. As long as you do not feel too greedy to chase more profit, I guess you can make a profit and if you can repeat many times, your profit will become bigger too.

[yohananaomi]

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.

there is a concern that if bitcoin is not able to maintain the $30K price threshold, it is likely that it will continue to decline, although of course I don't expect it to happen because the impact is certainly not very good for the development of bitcoin itself and what is clear is that the development of new projects will clearly experience obstacles that could occur. many projects are put on hold.

Your hope for bitcoin does not reach $ 30K of course also from the many expectations of all those who are involved and currently holding bitcoin, but maybe for those who want to buy there is of course an opportunity and hope otherwise. surely bitcoin will increase, will last and be back above $40K next month. of course we are waiting for that hope.

[Fundamentals Of]

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 want to call a bottom for now. There's no telling whether the price bloodbath is through or not. The previous support which was strong enough to hold the line for a while was $40,000. I thought it was the bottom because it was a solid support. But then I was already thinking that such a strong support could not withstand for long after constant battering. And it finally happened. It was shattered. The price was falling freely right after. But that must have somehow drained all the sellers of their Bitcoin.

[kotajikikox]

~
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.  

Yes specially in our market movement now that the price is constantly changing and no stable that market is showing .

but good to see we are having a green market now because for couple of days we have seen a bloody market.

Will the 30k price benchmark be the next bottom line before the rise?

Its possible and it can go even lower to $30k. I think the lowest that we will see is $20k if the price continue to drop before the consistent increase. But somehow the market is recovering a bit so we're hopeful that the price wont drop further. On the other side this is a good time to fill our bags to those investors who missed to hold BTC after reaching the ath last year. Who knows the price will start to climb up again in the coming days.

at least market is now on green line again

https://coinmarketcap.com/currencies/bitcoin/

hope this will  continue back to normal again

[STT]

Recent high to recent low and fib levels between them.  So we are past the 2 day average again but I'd feel alot better if we can pass a weekly average and stay above that, it'd be the start of some positive momentum that could be trusted.  38k appears to be the fair mid way point in all this, see if that point can pivot into forming this recent as the bottom.   It'll be a process as quite a bit of volume occurred, that has to plowed back out the way to progress up.

[TheEconomists]

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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

[bitterguy28]

Recent high to recent low and fib levels between them.  So we are past the 2 day average again but I'd feel alot better if we can pass a weekly average and stay above that, it'd be the start of some positive momentum that could be trusted.  38k appears to be the fair mid way point in all this, see if that point can pivot into forming this recent as the bottom.   It'll be a process as quite a bit of volume occurred, that has to plowed back out the way to progress up.

Looking at the flow now? it seems that we have been in a good resistance now, dropping down to  33k  now we have settled at 36k and still stronger .
 but the question if the price will still drop to 30k? well there is a possibilities and may fall down to 20k level.
but if i am to choose? i will still live buying nowadays while the price is still lowering and the pumping will happen very soon .

[Reid]

Could be. $30k, worst $20k. But it makes you think, where is the money if its a bloodbath for both Bitcoin and Altcoins? Is all the missing money sold for stable coins?
If that's the case then someone is manipulating it heavily. We don't know who they are or when their decision to buy back will be but I know they will come back.
When you become a Bitcoin holder for a long time there is not much options anymore. You just wait again and trust the process. Look back at history and expect the same thing will happen.

[davis196]

Could be. $30k, worst $20k. But it makes you think, where is the money if its a bloodbath for both Bitcoin and Altcoins? Is all the missing money sold for stable coins?
If that's the case then someone is manipulating it heavily. We don't know who they are or when their decision to buy back will be but I know they will come back.
When you become a Bitcoin holder for a long time there is not much options anymore. You just wait again and trust the process. Look back at history and expect the same thing will happen.

I've seen many articles on crypto news websites(and mainstream news websites as well) bitching about 1 trillion USD being wiped out of the cryptocurrency markets.
This is so wrong.The fact that the combined cryptocurrency market cap dropped by 1 trillion USD doesn't mean that 1 trillion USD had left the cryptocurrency market and moved somewhere else.
The real amount is way lower.Probably around 50-100 billion USD.The lack of liquidity on the market combined with the fear and insecurity leads to panic selling and severe price drops.
I don't think that anyone is manipulating the crypto markets right now.Currently the fear dominates over the greed of the crypto investors.The stock markets aren't performing better than the crypto market.Is anyone manipulating the stock markets? 

[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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

[Botnake]

Could be. $30k, worst $20k. But it makes you think, where is the money if its a bloodbath for both Bitcoin and Altcoins? Is all the missing money sold for stable coins?
If that's the case then someone is manipulating it heavily. We don't know who they are or when their decision to buy back will be but I know they will come back.
When you become a Bitcoin holder for a long time there is not much options anymore. You just wait again and trust the process. Look back at history and expect the same thing will happen.

You're right. Once you're a long term hodler, i guess your only goal is to see your coins reach their new peaks. You don't have any choice but to believe in your coins and trust the process as it will always end up with a good value no matter how long it will take.

However, the market is showing continuous price decline and no one of us can really tell what will be its bottom price. One thing is certain, if the market will be more bearish this year, i guess $30k will not only be bitcoin's lowest price. It may even hit below $20k if this bearish market cannot recover easily.

[sana54210]

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Just because we reached a higher level today doesn't mean that it will keep going higher, it also doesn't mean that it will keep going lower neither. It just doesn't mean anything at all. Do not try to look at the price right now and try to guess what is going to happen in the future, when we were at around 68k people didn't guess that we would be 50%+ lower, and yet it did happen.

So, what happens right now has nothing to do with the future, it is just the way it is at that point. I am guessing that a recovery and another drop is possible, feel like we will get to like 38k to 40k levels for a while, and then drop to 30k or even slightly less than that. Unfortunately we are in the bear market right now and we just need to realize the current situation.

[Sanitough]

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Just because we reached a higher level today doesn't mean that it will keep going higher, it also doesn't mean that it will keep going lower neither. It just doesn't mean anything at all. Do not try to look at the price right now and try to guess what is going to happen in the future, when we were at around 68k people didn't guess that we would be 50%+ lower, and yet it did happen.

So, what happens right now has nothing to do with the future, it is just the way it is at that point. I am guessing that a recovery and another drop is possible, feel like we will get to like 38k to 40k levels for a while, and then drop to 30k or even slightly less than that. Unfortunately we are in the bear market right now and we just need to realize the current situation.

For me, since we are in a bearish season, then anything is possible for bitcoin to drop its value into $30k or maybe lower than that. Just like when the market is bullish, we are always hoping for its price to reach new ATH, so the scenario still the same, we can only expect for the worst price of bitcoin as long as its bearish. But looking on its positive side, having that said price of $30k, i think that's already a big opportunity for us to invest in bitcoin while its very low. Anyone who's still hesitant to buy at that price will surely regret once the market starts to recover again.

[Vaculin]

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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Well, we can only tell that that this bearish season will be over if the price increase continues to create positive signs after couple of days. But more on, i guess what you see is a usual price fluctuation that usually appears at the middle of every bullish or bearish season but it always comes back dropping again after a while. So we can't expect that this bearish season will be totally because the present price decline will even drop more and goes below $30k. So better prepare for the worst, but the best opportunity to enter into the market.

[Hamphser]

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?

As for me I do believe that we may see below $30k if things remain unchanged that is if positive news that turns things around are not forthcoming as it should be. Although, if the market value of Bitcoin continue to maintain its stand above the current $30k in the next one month then the bearish period is said to be over.

it looks like we are in recovery now?

https://coinmarketcap.com/currencies/bitcoin/

the increase is starting because we have gained 3k for the last 24 hours and still showing strong moving up.

though i don't wanna take this that high yet we can see that bitcoin is keeping its positioning in Upwards even there are many FUD happening recently ..

Well, we can only tell that that this bearish season will be over if the price increase continues to create positive signs after couple of days. But more on, i guess what you see is a usual price fluctuation that usually appears at the middle of every bullish or bearish season but it always comes back dropping again after a while. So we can't expect that this bearish season will be totally because the present price decline will even drop more and goes below $30k. So better prepare for the worst, but the best opportunity to enter into the market.

No one could predict on what would be the bottom price would be since this market is totally unpredictable and we have seen that the market had made out already some slight recovery which we could presume that
the lowest price was on 34k as far as i remember or correct me if im wrong.
To those who had risks out on entering that price level are the ones who do make out some profits in short time as the price had risen up a bit but it wont be an assurance that it would be heading back on 40k
once again since it do moves sideways as of this moment.
If there would be other negative sentiments or news in the market would pop out then we might be seeing declining prices once again.