Bitcoin price support above 30000?

[Oshosondy]

I wouldn't be surprised if it reaches 25K because that can be the lowest low if this is actually the bearish trend and we are not actually far away from this happening because lot of things aren't good now the war mode between countries almost crashed every investments sectors.

Do you think bitcoin can yet reduce to $25000? I too believe that bitcoin can get below $30000, but I am thinking it may not happen more than once or twice before the next bull run. Even if it gets to that level, it may not be long at all before it will bounce back above $30000.

It happened in the stock market and in the cryptocurrency.We should use the time and current scenerio for the process of getting profit.The war on UKraine was maybe initiated by the U.S against the Ukraine .But the innocent Ukraine start to war against Russia and they are not worth enough to fight against Russia.

That is true, it happened in stock and crypto market, but crude oil price increases. Later, cryptocurrencies price increases, from below $35000 I posted before to over $40000, bitcoin is around $38700 recently.

[LogitechMouse]

Well, hours just after Putin declared war on Ukraine everything dropped including the crypto market and it went down as low as $35,000.
It went below that price but went back above it a few hours after and now recovered from the price where it was before the announcement has said.

With what happened, I'm not expecting Bitcoin to go $30,000 at least in the short term unless this Russia-Ukraine war will stay for a longer period of time. This war might cause a domino effect negatively. Other countries will respond to what is happening and it might affect the prices of different markets including crypto.

[Coin_trader]

Well, hours just after Putin declared war on Ukraine everything dropped including the crypto market and it went down as low as $35,000.
It went below that price but went back above it a few hours after and now recovered from the price where it was before the announcement has said.

With what happened, I'm not expecting Bitcoin to go $30,000 at least in the short term unless this Russia-Ukraine war will stay for a longer period of time. This war might cause a domino effect negatively. Other countries will respond to what is happening and it might affect the prices of different markets including crypto.

Agree on this, The panic seller buy back again after the price become stable but still the current price is a do or die for Bitcoin since that wick on chart only means that some traders already have a quick profit and ready to take profit once there's another batch of bad news occur especially the long awaited move of US against the Russia invasion. Ukraine president is urging there allies that watching them suffer, I'm really doubtful if Russia will retreat considering there effort to demilitarized Ukraine.

[Reid]

Can't we find other events that will lead to the dip of Bitcoin. Why is it always what is on top of the news being the culprit of it? Is there really a high number of Bitcoin flowing in Ukraine to make that happen?
I don't agree with that point of view. There are other reasons behind all this dump market and perhaps they are doing it now so that the like of us will use only the geopolitics happening in Russia and Ukraine while they are hidden in the shadows. Who knows, it could be whale dumping it or just a normal correction.

[Taskford]

Can't we find other events that will lead to the dip of Bitcoin. Why is it always what is on top of the news being the culprit of it? Is there really a high number of Bitcoin flowing in Ukraine to make that happen?
I don't agree with that point of view. There are other reasons behind all this dump market and perhaps they are doing it now so that the like of us will use only the geopolitics happening in Russia and Ukraine while they are hidden in the shadows. Who knows, it could be whale dumping it or just a normal correction.

Because that one is easily to be seen and one of the major basis of others to look at that's why we are experiencing this huge dip. The war of Ukraine and Russia has a big effect on global market and I believe we can see more worse once the war will explode more towards their target countries also if there are other 1st world country will join the war to stop Russia on its currently doing.

[peter0425]

it is already shown now that Yes the strong hold is 30k , actually it is 33k to be specific  that is what Bitcoin is all bringing us the thrill and the excitement .

some of us already panicked yesterday , but look at the market today? is this the reason to panic?

Can't we find other events that will lead to the dip of Bitcoin. Why is it always what is on top of the news being the culprit of it? Is there really a high number of Bitcoin flowing in Ukraine to make that happen?
 

Either in Russia there is no that flowing , but the idea that these 2 countries are trying to adopt bitcoin? and the chance of bringing World war III? that is what others considering now.

[ethereumhunter]

This day seems the bitcoin price is not up or down too much in the market. The price of $38k is still there and hopefully, this weekend will not go down too deep so it will be good to increase more in the next week. If you still hold your bitcoin from the dips yesterday or already bought bitcoin at the dip, you can feel good as you can sell your bitcoin now and make a profit. Otherwise, you can still hold your bitcoin for the next rising of the price.

[Epaper]

Indeed, the price of bitcoin corrected very deeply after the news about Russia invading Ukraine where the price of bitcoin fell in the $34K area. But now there is a slight price increase where the price has returned to the $39k area. But I think even though there is an increase at the moment, I indicate that bitcoin will correct back to the $36K support area.

[gantez]

Indeed, the price of bitcoin corrected very deeply after the news about Russia invading Ukraine where the price of bitcoin fell in the $34K area. But now there is a slight price increase where the price has returned to the $39k area. But I think even though there is an increase at the moment, I indicate that bitcoin will correct back to the $36K support area.

$39k area is likely to be the break for the next resistance at $45k. The price today appreciated with high volatility from yesterday's drop below $35k. Hopefully as the day progress and the fears in  Ukraine and Russia goes away with time the price can stable up again.

Indeed, Bitcoin's price momentum changed drastically until it experienced the deepest decline after bitcoin failed to sustain its price gains since early February between $42k-$45k. Therefore, if the price of bitcoin continues to move downwards, the strong support for bitcoin probably will be in the $33k area.

Today showed a positive move in price. I think like I said we may be going up to $45k resistant area. The move to $33k and below was not looking visible this weekend and we may see more volatility with the new week taking us up to $45k.

[tabas]

-snip-

With the tension between Russia and Ukraine, I believe, this scenario will further boost the btc market.
Because people are looking for alternative ways on how to secure their assets or how to send safely their money outside.
And that bitcoin is a very good candidate in this situation. Surpassing the 40k mark would be easy in the next few days.
In my opinion, this is a good opportunity to invest while bitcoin is still in this position.
But don't forget about possible consequences, it may be worst for all we know. So invest what you can afford to lose.

There's somehow a boost in the market but it didn't break $40k. There's still something that stops bitcoin reaching that price. It's all about the market anymore and these conflicting news are always there and what stops bitcoin reaching that level is we don't know.
As always about buying, everyone is good to buy at these levels if they haven't bought yet because it surely is going to be a good time to buy whenever price is lower.

[Kemarit]

Indeed, the price of bitcoin corrected very deeply after the news about Russia invading Ukraine where the price of bitcoin fell in the $34K area. But now there is a slight price increase where the price has returned to the $39k area. But I think even though there is an increase at the moment, I indicate that bitcoin will correct back to the $36K support area.

You mean there is a manipulation from behind and possible that this is a bear trap? Yeah, thinking the same as well, so as investors we really need to be very careful. The tension from Russia and Ukraine are still there, we've seen the price going downhill but a huge increase of about 10% in a day. So clearly someone is playing us again. It's about the end of the month anyways, so hopefully our hunch is wrong and we can see the price hitting the $40,000 mark.

[Captain Corporate]

 I %100 honestly believe that this latest drop was manipulation for sure. I mean imagine for a second that a war would cause the price to go down, how? I mean you think russians or ukrainians believed their currency would gain value and that is why they cashed it out? Why would anyone think their currency would gain value? It dropped and I have to say it was expected as well. Crypto is by far the best choice and everyone knows this, a war should increase the price and not decrease it. Same happened with corona, the price went down a lot on march 2020, we all know what happened after that. If this war goes any longer, we are going to end up seeing the price of crypto skyrocket again.

 However, I hope it doesn't. I hope that the war ends now, I am more than happy to see bitcoin at 1k then see people die in a war, f--k money, its human life that matters the most.

[rhomelmabini]

Indeed, the price of bitcoin corrected very deeply after the news about Russia invading Ukraine where the price of bitcoin fell in the $34K area. But now there is a slight price increase where the price has returned to the $39k area. But I think even though there is an increase at the moment, I indicate that bitcoin will correct back to the $36K support area.

Hope what we're seeing by now isn't just a dead cat bounce because if it indeed the case then I'd say we have a chance to see a potential touch at the 20k+ levels in the coming days. Can't say for sure what resistance it should break but I think it's the 45k-46k area that we've seen in the past days it rebounded from 32k. I think it's the area we have to break to say we're strong in the short term scene.

[yhiaali3]

According to what I see, the impact of the Russian war on Ukraine began to recede and Bitcoin recovered a little and returned to the 39K$ point, with the continuation of the war, everything is possible because all possibilities are open. No one knows what are the upcoming developments in the war as well as what are the economic consequences of this war, especially if Was it long-term or extended to other areas, everything is possible so we have to prepare for all scenarios and we could see bitcoin under 30k$ for example, no one knows, although I am optimistic that bitcoin will continue its rise.

[ipanks]

According to what I see, the impact of the Russian war on Ukraine began to recede and Bitcoin recovered a little and returned to the 39K$ point, with the continuation of the war, everything is possible because all possibilities are open. No one knows what are the upcoming developments in the war as well as what are the economic consequences of this war, especially if Was it long-term or extended to other areas, everything is possible so we have to prepare for all scenarios and we could see bitcoin under 30k$ for example, no one knows, although I am optimistic that bitcoin will continue its rise.

Hopefully, it will recover slowly and back to $40k. But if the price needs longer to recover, we can only stay calm and not panic but use that moment to buy more bitcoin. But bitcoin will still recover from a hard situation, although it is not easy to lift the price. The war itself can continue, especially if there is no agreement from both sides but it will not be good for their people who still suffer.

[davis196]

I don't agree with this very part of the statement, as the sharp drop in Bitcoin price is not as a result of Russian Ukraine unrest, Bitcoin market have shown a lot of possibility of downtrend market since the beginning of February 2022 as the pattern in the market drop have been on a drastic levels always melting down almost $2k to 3k drop within a short period this can be refer to say as crash in price Bitcoin is a highly volatile commodity and it price a hardly affected by a section of events that doesn't have direct implication on it services.

You are writing BS.
All the financial markets reacted to the Russian invasion in Ukraine,the Bitcoin market is no exception.
The markets are dominated by people,not robots and the people are emotional creatures.They get emotionally unstable sometimes.They can be manipulated by lies and propaganda.Sometimes they just panic.
I'm not expecting a fast BTC price recovery anytime soon.The market will remain turbulent.I actually expect another price drop and more panic selling,if more bad news keep coming from Ukraine.
Let's pray for the people in Ukraine and for the near ending of this ridiculous conflict.

[Mamun74]

Bitcoin price little drop last 2-3 days. I believe bitcoin price still movement  correction. This year although same time bitcoin price was under $30k but it touched $65k+ in 2021. So i hope This year bitcoin more increase than previous year. I hope bitcoin will grow up in This year and bitcoin price will avobe $50k+ this year.

[Reatim]

Bitcoin price little last 2-3 days $2k+

what is this? sorry but it looks like you are the only one who understand this? 2-3 days little?

 

and this month bitcoin price always movement.

always moving Up and Down is that what you mean?

And i believe bitcoin price still correction correction.

Completely Wrong because the correction had happened many months ago and we are now facing the true movement of market.

This year although same time bitcoin price was under $30k but it touched $65k+ in 2021. So i hope This year bitcoin more increase than previous year. I hope bitcoin will grow up in This year and bitcoin price will avobe $50k+ this year.

Above 50k this year? bitcoin had already reached 45k again this month so that would be 5k more?

of course that is completely possible .

[Mamun74]

Bitcoin price little last 2-3 days $2k+

what is this? sorry but it looks like you are the only one who understand this? 2-3 days little?

 

and this month bitcoin price always movement.

always moving Up and Down is that what you mean?

And i believe bitcoin price still correction correction.

Completely Wrong because the correction had happened many months ago and we are now facing the true movement of market.

This year although same time bitcoin price was under $30k but it touched $65k+ in 2021. So i hope This year bitcoin more increase than previous year. I hope bitcoin will grow up in This year and bitcoin price will avobe $50k+ this year.

Above 50k this year? bitcoin had already reached 45k again this month so that would be 5k more?

of course that is completely possible .

Difficult to bitcoin price  prediction this year.Look at bitcoin price chart, bitcoin price was previous week above $39k+ but this under $38k. Bitcoin is long time survive coin and it already touched $65k+ in 2021. So hopping bitcoin price will hit $50k+ back again and i think it will possible to happen.

[Poker Player]

I don't think we can seriously talk about supports this year, given the way the price has been behaving lately, in addition to the political situation. For me the only strong support would be $20K because so far in Bitcoin in one cycle it has not gone below the ATH of the previous cycle. But we can't be sure of anything, neither how much it will go down nor if we will surpass $70K this cycle.