Bitcoin fall below $30k

[btc_angela]

The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.

I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.

Right, it was a good indication that we might be on the road to have a good price of above $30k. Sometimes we just have to see this kind of bounce to feel good.  . I know that this is bear market and the price is supposed to be going down and it's hard for us to take. But sometimes it's good to see the market getting into green zone even for a week and break those red candles that we have been seeing for at least 2 months now. So let's wait how far this mini rally will go, hopefully it can break $32k.

[Sebas.tian]

I think, $20,000 will be the minimum decrease of bitcoin in this season because it will be difficult for the price of bitcoin to drop down more than $25,000 or 20,000. I believe people have started experiencing positive change in the price of bitcoin few days ago which is really giving them joy that very soon the price will move higher to allow people to make a good income from their investment. Now that the price of bitcoin has increased to $31,000, showed that the price will not decrease bellow $20,000 before it will hit higher before the end of this year 2022 because many people has used this opportunity to buy huge amount of bitcoin and hold for a brighter future to come.

[kotajikikox]

The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.

I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.

Because the thread is created month before now and when the price of bitcoin is still hanging to above 30k and this is why OP put this thread here , though we knew that multiple times this year that the value fell down that low .
and until now as in today? the price keeps falling below 30k.

[Tellek Garing]

The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.

I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.

Because the thread is created month before now and when the price of bitcoin is still hanging to above 30k and this is why OP put this thread here , though we knew that multiple times this year that the value fell down that low.
and until now as in today? the price keeps falling below 30k.

The thread is still relevant for market analysis yes the thread was created when the market started its early bear market movement and since the thread's existence, the price has fallen below the 30k predictions and has climbed back again.

Discussion on this thread has been updated on regular basis with users making replies of their Bitcoin market analysis.

[cryptomaniac_xxx]

The 30k resistance point held Bitcoin down for so long, before the price finally broke into 31k in the early hours of today, and with high hope for speculators and market analysis is pointing to a greener zone.

I believe in the coming weeks bitcoin should be able to sustain its green zone and build up the price to at least 38k.

Right, it was a good indication that we might be on the road to have a good price of above $30k. Sometimes we just have to see this kind of bounce to feel good.  . I know that this is bear market and the price is supposed to be going down and it's hard for us to take. But sometimes it's good to see the market getting into green zone even for a week and break those red candles that we have been seeing for at least 2 months now. So let's wait how far this mini rally will go, hopefully it can break $32k.

It's going to be a psychological barrier to get over or at least touch $32k this month. Even $30k is hard to maintain because it's sensitive for selling pressures. I think we have broken that read candles already for at least a week, but we can go back and have 8-9 straight red candles for sure as the market is still very bearish at this point.

[Tellek Garing]

I think the title thread should be changed at this point since the thread was created long ago when the price of Bitcoin was still above 40k but now Bitcoin is heading to below 20k at the moment and that is a significant change in the price.

But looking at the current conditions 30k price is not too far from us as the market can reband at any point thereby making 30k posible again.