Is $30k the bottom for this dip?

[bounceback]

$30K was the lowest point bitcoin hit in mid-2021 and after that the bitcoin price recovered and hit another ATH in the same year. conditions this year are very different from last year's conditions because last year the price of bitcoin was able to recover very quickly and was able to reach ATH twice in one year. so I think before the price recovers bitcoin will reach a lower point than last year, maybe around $25k or $20k.

I think bitcoin's low point this month will stay at $30k because if we look at the chart that bitcoin shows after falling to that low but then bitcoin price is back up again to the $38k-$40k area in no time, so that makes me believe if the price bitcoin for now will stay at $30k-$40k. Hopefully this year there will be a positive trend for bitcoin so as not to experience further bitcoin price falls.

[yohananaomi]

$30K was the lowest point bitcoin hit in mid-2021 and after that the bitcoin price recovered and hit another ATH in the same year. conditions this year are very different from last year's conditions because last year the price of bitcoin was able to recover very quickly and was able to reach ATH twice in one year. so I think before the price recovers bitcoin will reach a lower point than last year, maybe around $25k or $20k.

I think bitcoin's low point this month will stay at $30k because if we look at the chart that bitcoin shows after falling to that low but then bitcoin price is back up again to the $38k-$40k area in no time, so that makes me believe if the price bitcoin for now will stay at $30k-$40k. Hopefully this year there will be a positive trend for bitcoin so as not to experience further bitcoin price falls.

I also hope like you and all who want bitcoin will be in a price position that can be controlled and able to survive. $30K price is reasonable if bitcoin is able to maintain but if it happened the same as last year, maybe there would be another story but is it possible? anything can happen and remember last year starting mid febuary bitcoin started crawling to increase until a few months later hopefully this will happen this year and we will wait for it.

[Slow death]

So far the price has not dropped below $32000 so there is no way for us to know if it can drop below $30000 but I estimate that it will not fall below $28000, this is an extremely strong support that any attempt to fall below this support there will be rejection and the price will go up a lot to the point of reaching 47000$, and that's what we're talking about, a big boost for the price to increase a lot and recover

[bots1]

Currently, bitcoin is still confirming a downward breakdown. Despite a slight increase in price in the last few days, bitcoin still failed to break the resistance in the $39K area. Perhaps the closest potential support for bitcoin is in the $37K and $35K area. Therefore, If bitcoin fails to maintain the $35k area, it is likely that bitcoin will fall back in the $30K area.

[darewaller]

Currently, bitcoin is still confirming a downward breakdown. Despite a slight increase in price in the last few days, bitcoin still failed to break the resistance in the $39K area. Perhaps the closest potential support for bitcoin is in the $37K and $35K area. Therefore, If bitcoin fails to maintain the $35k area, it is likely that bitcoin will fall back in the $30K area.

It is nearly at 40k as of right now. We had a huge breakout, well not huge of course but huge compared to what we have seen in the last month or two. This is why I called it huge. This is why we have hard time understanding crypto, sometimes we think that it will not do something good and expect the worse and it goes up, then we expect it to go up and it crashes.

All of these are things that we should not be really worried about, it is basically things that we should be comfortable with at this point. I know that we are not going to be able to actually make predictions that stick all the time, so there is one thing that has always proven true; long term holding. This is why I turned into that, buying crypto with a bit of my salary on the first of each month and keep doing that for nearly 2 years now. It has been proven profitable and will probably stay that way as long as I work.

[STT]

Should be a good break upwards we can see in price action just today, the dollar continues weakly and this helps BTC to make progress vs its continual decline from the ATH.   Now its broken that trend it should not be so regular in that negativity.    No doubt it wont rise without struggle but immediately is looking alot better now imo

[Natalim]

Currently, bitcoin is still confirming a downward breakdown. Despite a slight increase in price in the last few days, bitcoin still failed to break the resistance in the $39K area. Perhaps the closest potential support for bitcoin is in the $37K and $35K area. Therefore, If bitcoin fails to maintain the $35k area, it is likely that bitcoin will fall back in the $30K area.

It is nearly at 40k as of right now. We had a huge breakout, well not huge of course but huge compared to what we have seen in the last month or two. This is why I called it huge. This is why we have hard time understanding crypto, sometimes we think that it will not do something good and expect the worse and it goes up, then we expect it to go up and it crashes.

All of these are things that we should not be really worried about, it is basically things that we should be comfortable with at this point. I know that we are not going to be able to actually make predictions that stick all the time, so there is one thing that has always proven true; long term holding. This is why I turned into that, buying crypto with a bit of my salary on the first of each month and keep doing that for nearly 2 years now. It has been proven profitable and will probably stay that way as long as I work.

Everytime there's a sudden pump, it kinda brings back the hype, and it's a good thing for the market as it's been a little bearish for a while. However, we have to confirm this first as we don't want to get disappointed again if it turns out to be a bull trap. By the way, is there any big news behind this sudden pump?

[Epaper]

I don't think bitcoin is going to drop to as low as $30k again. I see that bitcoin has the potential to move up to test the $45k resistance level in the next few weeks. If you pay attention to the charts in the crypto market, there are indications that bitcoin is strengthening and has the potential to breakout or at least the bitcoin price will touch the $46,000 area.

[Baofeng]

I don't think bitcoin is going to drop to as low as $30k again. I see that bitcoin has the potential to move up to test the $45k resistance level in the next few weeks. If you pay attention to the charts in the crypto market, there are indications that bitcoin is strengthening and has the potential to breakout or at least the bitcoin price will touch the $46,000 area.

And just like that, there are no strength to move past $45k, unfortunately, so no $46k as well. As in the last 3 days, the price seems to be moving sideways and in the last 24 hours, it goes on a negative run and touch $41k-$42k. So I guess the bears have taken the market again and maybe, just maybe the reality that $30k is not the bottom at least for this year could be real again.

[STT]

A reset is normal, whats bigger then that is moves in the dollar index which did rally late last week.   However, much bigger picture on the Dollar value long term is we see decline.  This prediction can be wrong but right now the recent rally in dollar is a small movement compared to the tide going out on it, we cant know for sure that happens but the sell off in BTC is just normal profit taking for now.

[macson]

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 discussing the next bottom line then it will be endless....but i still believe that "the bottom line" of bitcoin has passed and we will not experience a price drop below $30k.  i see the sideway on bitcoin prices will last a long time and Bitcoin ATH for this year is still difficult to predict when it will happen.

[STT]

The shorter time frames look a bit more negative but this view shows we have broken above and maintained the 50 day moving average.   Going back a year or so this measure of momentum marked the lows for the highest prices and BTC did well when trending above 50 daily average.

[South Park]

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 discussing the next bottom line then it will be endless....but i still believe that "the bottom line" of bitcoin has passed and we will not experience a price drop below $30k.  i see the sideway on bitcoin prices will last a long time and Bitcoin ATH for this year is still difficult to predict when it will happen.

I think that after the huge bull market we went through and the correction that we saw then it makes sense that we will see bitcoin moving without producing any kind of big trend in either direction, and to be honest that is not bad at all, as it gives us the chance to accumulate more bitcoin during that time at prices that are relatively stable, so personally I would appreciate that something like that happened as a lot of time has passed since we could find those conditions in the market of cryptocurrencies.

[FanEagle]

It seems like the bottom has been reached already and people who keep denying that probably missed it. I mean if you still want to see bitcoin going down, there are two main reasons for that. You either missed it and want it to go down so you can buy some more before it goes up in which case you would probably still miss it out of fear to buy it when it is low just like you previously did, or you are just a person who hates crypto and everyone who made money from it.

There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.

[arwin100]

It seems like the bottom has been reached already and people who keep denying that probably missed it. I mean if you still want to see bitcoin going down, there are two main reasons for that. You either missed it and want it to go down so you can buy some more before it goes up in which case you would probably still miss it out of fear to buy it when it is low just like you previously did, or you are just a person who hates crypto and everyone who made money from it.

There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.

Nothing will happen for people waiting for another dip since those $30k figure will not possible for now knowing that bear market season is I think end up. Maybe there are certain dump we encounter and possibly this is due to some other reasons which can possibly create economic crisis.

If we keep waiting for something not possible to come then we will miss those good position enter which can give us a profit.

[Fakhrulenclix]

It seems like the bottom has been reached already and people who keep denying that probably missed it. I mean if you still want to see bitcoin going down, there are two main reasons for that. You either missed it and want it to go down so you can buy some more before it goes up in which case you would probably still miss it out of fear to buy it when it is low just like you previously did, or you are just a person who hates crypto and everyone who made money from it.

There is really no third option for me, if you WANT it to go down, if you guess it or predict it but not really want it then it is understandable but you predicting it going down to 30k would be like me saying gold will be 100 bucks each again one day.

Nothing will happen for people waiting for another dip since those $30k figure will not possible for now knowing that bear market season is I think end up. Maybe there are certain dump we encounter and possibly this is due to some other reasons which can possibly create economic crisis.

If we keep waiting for something not possible to come then we will miss those good position enter which can give us a profit.

anything can happen and in my opinion the bear market is still not over even though the Bitcoin price is now above 40k. Of course, talking about the lowest point is difficult for us to determine because the movement is very fast, of course entering at prices like today to buy some is the right choice because no one doubts that BTC will recover in the future.
although I don't believe the bear market has passed but I hope there won't be any more prices below 40k and I firmly believe that my expectations will be right.

[STT]

I got to report back that just as we seemed to be slightly more positive while above the 50 day average, failing that now is not a positive sign for any further gains appearing.   We are challenged and on the daily graph it should be quite clear to see a double top, a quite commonly observed negative sign .
    Dont expect much in Feb but possibly we calm, go sideways and appreciate during March onwards.   For now its wait and see, Im not with any negative for prospects further out especially with dollar inflation unabated but near term we cannot be said to be bullish at this moment.   Perhaps next week will reverse our course but Im not expecting it personally.

[arufox]

I don't think the bitcoin price will drop further to the $30k level although in recent times the bitcoin price has decreased slightly where the bitcoin price has dropped to the $38k level. I see the current downward trend is only temporary because the potential for the market to return to bullish is still possible.

[Chato1977]

I don't think the bitcoin price will drop further to the $30k level although in recent times the bitcoin price has decreased slightly where the bitcoin price has dropped to the $38k level. I see the current downward trend is only temporary because the potential for the market to return to bullish is still possible.

Lol wait if the war in Europe happens , then even 20k will be on our way, remember that this is involving one of the most powerful country in the world(Russia) so the effect will surely cover all businesses and markets and including cryptocurrency .

[StreakW]

In my opinion, it looks like the price of bitcoin has the potential to drop to the level of $30k because throughout the third week of February the price of bitcoin has returned to the level of $35k. In the current drop in bitcoin price, liquidations have been lower than expected. The current liquidation volume is much lower above the volume that accompanied the previous gains. This can be a very important indicator for the market to continue to experience price declines.