Bitcoin price support above 30000?

[Jating]

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.

Yeah, if we are going to loo k at what is going around in the environment, (covid, war, etc, that really impacted the price, we can't say for certain what is the support price).

Long term though, it might be $20k to be the last support level, if this is broken, then obviously it will be a free fall. But for now, price seems to be fluctuating a lot and hopefully we won't have that scenario of $20k being tested.

[Poker Player]

Long term though, it might be $20k to be the last support level, if this is broken, then obviously it will be a free fall.

Yes, I have said so in other threads. I would think if we went below $20K it would set off a selling panic. You can never know for sure because some people say that if it goes down to those levels, the weaker players would have already sold and only the strong holders would be left, but within these speculative speculations and how irrational the markets tend to be, I bet on the first option.

Although I think it is quite unlikely that we will go below $20.

[ShowOff]

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.

We may find the answer in the next 2-3 years or after the next halving occurs. Bitcoins usually hit ATH after the halving but this is not "just a habit". If that scenario is true then the price of bitcoin this year or in the next 2 years may experience a dump and $20K will not be a strong support to hold it.

Despite all that, the increase in adoption so far will probably change the history or habits of how bitcoin is traded. There is always a possibility that the next ATH could be reached and it might also drop lower than $20K. We really don't know for sure about that.

[redsun114]

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.

Even the panic sellers didn't expect that the price will recover quickly and this leads for them to go back and join again the roller coaster ride and because of them, the existing crypto users have already gained something and there are now ready to sell it any time of the day or maybe they are only waiting for a good signal i.e if when there's another issue reported in the news. They need to act quickly tho before the panic sellers realize this.

Russia on the other hand looks going to fight till the end and there are no signs of them retreating too early.  The price is already above 30k, it was at 38k in fact at this moment of writing but I don't think it can cross 40k anytime soon till the war ends.

[sana54210]

Even the panic sellers didn't expect that the price will recover quickly and this leads for them to go back and join again the roller coaster ride and because of them, the existing crypto users have already gained something and there are now ready to sell it any time of the day or maybe they are only waiting for a good signal i.e if when there's another issue reported in the news. They need to act quickly tho before the panic sellers realize this.

Russia on the other hand looks going to fight till the end and there are no signs of them retreating too early.  The price is already above 30k, it was at 38k in fact at this moment of writing but I don't think it can cross 40k anytime soon till the war ends.

The panic sellers are reacting way too quickly, that is the main problem. I mean they are in panic mode so I understand why they are acting so quickly, but do we really never see bitcoin price drop before? Bitcoin stands the hardships of time and always comes out on top, we have seen this a million times before, why try to change that today? We should be a lot more at ease whenever the price drops, we should be doing a lot better.

I get that it is not easy for everyone involved in the world, but at least it shouldn't be this big. It wasn't really that much of a big deal if you ask me, I have been doing fine for a long time without a need to sell, or get panic, or fear the price, just hold it and you will profit and simple as that.

[24Kt]

Even the panic sellers didn't expect that the price will recover quickly and this leads for them to go back and join again the roller coaster ride and because of them, the existing crypto users have already gained something and there are now ready to sell it any time of the day or maybe they are only waiting for a good signal i.e if when there's another issue reported in the news. They need to act quickly tho before the panic sellers realize this.

Russia on the other hand looks going to fight till the end and there are no signs of them retreating too early.  The price is already above 30k, it was at 38k in fact at this moment of writing but I don't think it can cross 40k anytime soon till the war ends.

The panic sellers are reacting way too quickly, that is the main problem. I mean they are in panic mode so I understand why they are acting so quickly, but do we really never see bitcoin price drop before? Bitcoin stands the hardships of time and always comes out on top, we have seen this a million times before, why try to change that today? We should be a lot more at ease whenever the price drops, we should be doing a lot better.

I get that it is not easy for everyone involved in the world, but at least it shouldn't be this big. It wasn't really that much of a big deal if you ask me, I have been doing fine for a long time without a need to sell, or get panic, or fear the price, just hold it and you will profit and simple as that.

You can't expect all people to hold and not panic if they are holding their assets to possibly sell at profit and use it for their immediate needs. Not many people can hold long-term without needing their cash. Because only people who can hold long-term are those who are financially stable at least. And their crypto is just an extra asset to them. So the up and down movement for them is not a problem. Because if you are here for long-term, you are already expecting this up and down trend but in the end you are aiming to win because you are holding a rock solid coin.

[usekevin]

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 .

When the price of bitcoin reduced below the value of 30k dollars,kindly make some big bucket for it.Because as we know,the price of bitcoin will reach the 50k in a few months.So don't forget to buy a huge amount of the bitcoin at the dump.The people who buying the huge amount of bitcoin at dump and sell at the pump was the most profit earning person as compared to any other people.

[Chato1977]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

yup it is the support as we already see it there,now once again standing to 40k level as the war continues to spread .
wondering what would ne the effect in the following weeks , but im happy with what is bitcoin doing now.

[Oceat]

It seems like we won't go further for the support these days since Bitcoin just pushed $43k and soon it might reach $50k and so on. But the last support I've seen was $37k and I think that's enough for some investors starting to buy the dip that's why it makes a difference today. I just thought it wouldn't budge any further because it seems like it's almost going to $30k but surprisingly it just broke past $42k.

I think it will break $50k next week and I hope I am right if this war topic is creating a FOMO.

[rodskee]

Looking at the market in the beginning of March looks good now, there are 2 digits increase in the value of Bitcoin and followed by other legit currencies.

https://coinmarketcap.com/

Specially Bitcoin claiming back its  43k position and still climbing now.

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


so for those who invested again mid of February then you are at least in 20-25% profit now because the price drops down to 33k that time.

[bitterguy28]

Can we change the title now to "Bitcoin Support Price above 40000"?  because now bitcoin once again prove that it is worth a Hold and buy in dip.

seeing that the value is at 43k now it is not long to see 50k and another hyping soon.

Long live to bitcoin holder as we are now getting our profit from trusting the coin.

[GreatArkansas]

Can we change the title now to "Bitcoin Support Price above 40000"?  because now bitcoin once again prove that it is worth a Hold and buy in dip.
(....)

This is now the psychological support for me, after breaching the $40,000. Look how $40,000 acted support now, Bitcoin reached $44,000 immediately. This is how I label supports and resistance since last year, by $10,000 after we broke $20,000 last year.
So for me now too, $40,000 supports, $50,000 resistance.

[traderethereum]

Can we change the title now to "Bitcoin Support Price above 40000"?  because now bitcoin once again prove that it is worth a Hold and buy in dip.

seeing that the value is at 43k now it is not long to see 50k and another hyping soon.

Long live to bitcoin holder as we are now getting our profit from trusting the coin.

Not yet, I guess.
We do not even know if the support price can hold the price not to go down below $40k.
Maybe we need to wait a few days later to see if the price can increase to the next high price as this movement is good for the crypto market.
But it is, reaching $50k is not easy because before going that price, it will get more fluctuation and be like a roller coaster.
I just hope that $40k is really a support zone

[Vaskiy]

Can we change the title now to "Bitcoin Support Price above 40000"?  because now bitcoin once again prove that it is worth a Hold and buy in dip.
(....)

This is now the psychological support for me, after breaching the $40,000. Look how $40,000 acted support now, Bitcoin reached $44,000 immediately. This is how I label supports and resistance since last year, by $10,000 after we broke $20,000 last year.
So for me now too, $40,000 supports, $50,000 resistance.

For now this is an unexpected support, because the world is under hard days. Same time this support level have helped with the massive adoption of bitcoin which further boosts the market. The price that fell on the starting day of war have increased drastically. This has once again proven that holding gives good return. March used to be big in every year, maybe the same is happening this time.

[yohananaomi]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

I agree, that usually news about anything involving a big country like Russia will certainly affect the movement of bitcoin. not even from investors who feel panicked and afraid of a decline so that they release their bitcoins so that the market responds negatively.
but it looks like the russia and ukraine news is not too long ago and now the bitcoin price has started to improve and hope there will be more good news so that it can continue to move up, although it may be difficult, but still optimistic.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

the nature of bitcoin is decentralized, there is no institution or anything that can regulate it. but if there is bad news that simultaneously and simultaneously will trigger the movement of bitcoin because the market responds negatively, so the price can eventually make it corrected. but it seems that now it has started to improve although it is not certain that it will be able to move up quickly and will remain stable at the current price, which is a positive thing.

[Oshosondy]

Can we change the title now to "Bitcoin Support Price above 40000"?  because now bitcoin once again prove that it is worth a Hold and buy in dip.

The price is above $40000 and this is showing support at this level, I would have changed the title but the Russia and Ukraine war is linked to it which drove the price below $35000. You can open another discussion thread if you think $40000 will be a strong support.

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.

Bitcoin ATH was $69000 which was last year. What I am thinking is that bitcoin price may increase but may not reach ATH until next halving when people will FOMO and buy.

[RealMalatesta]

the nature of bitcoin is decentralized, there is no institution or anything that can regulate it. but if there is bad news that simultaneously and simultaneously will trigger the movement of bitcoin because the market responds negatively, so the price can eventually make it corrected. but it seems that now it has started to improve although it is not certain that it will be able to move up quickly and will remain stable at the current price, which is a positive thing.

Unfortunately the decentralization of crypto has been gone for a long time. Bitcoin itself could be decentralized and that is great, but all the places that we are using our bitcoin became a lot more centralized. Just recently I believe opensea decided to hold every single NFT of Russians and sell that to give it to Ukraine, it may not be opeansea, but it was an NFT marketplace.

Can you imagine how centralized that is? What did NFT investors from Russia ever do to the world? It was Putin and his officials that started this war, and for some reason Russian NFT investors got the bad end of the stick out of nowhere. That's why it is such a horrible situation to be in and crypto is no longer decentralized.

[Odusko]

Bitcoin have shown a great resistance level at $40,000 and at the moment bitcoin have started this week with a 43k+ price after touching 44k in the late ours of Monday before correcting back to.43k at the moment am thinking Bitcoin is riding on the same pattern it did last year and before the month of April, Bitcoin may touch the 50k+ price.

[bots1]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Indeed, the increasingly heated Russian invasion of Ukraine has triggered a massive sell-off that has resulted in the price of bitcoin experiencing a very deep price decline. Therefore, I think the current price decline may continue. However, the Bitcoin price took months to recover until it scored a new ATH again.

[SirLancelot]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Indeed, the increasingly heated Russian invasion of Ukraine has triggered a massive sell-off that has resulted in the price of bitcoin experiencing a very deep price decline. Therefore, I think the current price decline may continue. However, the Bitcoin price took months to recover until it scored a new ATH again.

Price decline? Have you checked the markets, it has gone up 23%+ in the last week alone. How is that a a price decline? We are talking about a huge increase in the past week alone. People should realize that anything bad in the world equals to fiat being devalued and when fiat is devalued then crypto is valued even more. People do not see this as an option and they need to start seeing it that way.

I personally feel more comfortable about bitcoin during this war, I was lucky enough to get it "cheap" compared to what it is right now and the war was imminent so I saw the potential of a war and said the war would result with higher crypto prices and I was right, it was so obvious.