Bitcoin to 30k Range again

[tabas]

And when it goes back to that range, there will be significant bad news about suing from exchanges to exchanges and that shall be the factor to send the markets down again at the possible bottom.
It's always like that whenever the market starts to recover, it will eventually be dumped because of these factors that circulates to the entire crypto market.

none of us really understand what will be the market behavior because now that the value of bitcoin is really lowering then there are more possibilities that whales can play the movement.
we can only speculate but no one can exactly tell whats coming.
but if the price of bitcoin climbed to 30k then i will be one of those to sell small part of my holding as I needed some funds in the coming month.

The whales have been playing the market all along and these surges and dumps have been part of it. While they're taking the advantage for themselves to take as much as they can.
We, the small time investors and traders have been having the difficulty on how is it going to give us the opportunity of making in here if we're uncertain. But, if you've got a stronger sense and you're good in TAs, you won't worry of what you must do as you've got a game plan.

[Reid]

Well, I have seen same predictions like yours in social media and I think I will go with the flow.  Demand will increase as investors may find this a cheap price coming from a $60k all time high. I mean, there will always be that kind of phenomenon where Bitcoin will rise again, we just don't know when it will happen so getting your hands with 1 Bitcoin or half of it is a great idea in case that happens soon.
This will be an easy profit, damn if only I just have the money which I mostly spent during $28k. Anyway, no regrets, just patience and I wish it will come true.

[Baofeng]

Well, I have seen same predictions like yours in social media and I think I will go with the flow.  Demand will increase as investors may find this a cheap price coming from a $60k all time high. I mean, there will always be that kind of phenomenon where Bitcoin will rise again, we just don't know when it will happen so getting your hands with 1 Bitcoin or half of it is a great idea in case that happens soon.
This will be an easy profit, damn if only I just have the money which I mostly spent during $28k. Anyway, no regrets, just patience and I wish it will come true.

I guess that's where I strategy plays-in, I mean all of us is waiting for a perfect opportunity to buy and it presents itself when it goes to $17k. And just just a bounce to $20k+ so easy profit.

But then again, some of us might not have the capital to invest today. But for me there is no regrets, maybe just planning carefully might help us in the end to acquire at least 1 BTC in our lifetime.

And why not? $30k might be the next bounce for this run for all we know.

[Beparanf]

I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC

Bottom is in when the derivatives market is shorting $BTC into the dirt after the brunt of the spot selling has taken place. i.m.o we are currently in a bottom level. must be make an Uptrend from here. what ever it is  this isn't short term game.

The current price is around 20K while 30K is 50% growth on the current price which is not usual for a relief rally. It will be a breakout if the happened because it already broke the psychological resistance which result to fomo buy by retail traders. 25K seems achievable for a relief rally because that's the price for EMA8 line and probably Bitcoin will bounce down immediately once it hits umless the buy pressure is so strong to maintain its buy power above the resistance and established a support there.

But I still believe that 30K level is the price that we might not see in the near future except when something good news occur.

[Sang Prabu]

Unfortunately today there is another correction that makes Bitcoin canceled up to $ 22k, even though I am optimistic that the June price will return to the level of $ 30k, before that happens then I suggest to continue to buy because the chance to buy cheap prices will not be repeated.

[Nrcewker]

This topic belong to the speculation board here: https://bitcointalk.org/index.php?board=57.0
But then Bitcoin can easily make a movement when there is demand and this increase or decrease is demand may be a result of some good news that can trigger the buying appetite of the Bitcoin market.

Yes that’s indeed the truth.
Whenever there is a great demand and when the supply is limited, definitely the price goes up.
Same should happen with Bitcoins. But comparing last 24 hours price, Bitcoins are in 2% negative right now.
Maybe Bitcoins will struggle more for now at this price range?
Unlike others I am also waiting for the bear market to end, so that Bitcoins will reach in a good position in price.
I have also bought some coins in this down time. Hope Bitcoins will not let us down and we will be in the profit at the end of day.
Waiting for Bitcoins to cross again the 40k usd mark.

[dragonvslinux]

Bitcoin must immediately return to $ 30k again, if in the near future it can be achieved $ 30k then I am optimistic that this year can pass ATH, but if you look at the trend that is still red we might have to be patient to see Bitcoin back to the $ 30k range. And while waiting for the price of $ 30k then buying more is a good thing.

It's not easy as it sounds though, of course we want it to crossed $30,000 or even higher. But going to $17,500 to $30,000? it make take a lot of time and since we are in a bearish cycle right now, who knows, maybe 3-6 months to achieved that? Definitely, the best option is to fill our bags of cheap bitcoin, it is 2017 price so it's going to be cheap and huge potential profit in the next bull run.

It's possible it takes 3-6 months to get back to $30K based on past bear markets, even up to 12 months. But also bare in mind if it were to take 3-6 months to get there, then it's more likely price would continue rising to $40K distribution zone, even $50K. In 2018 after 3 months of consolidation price doubled within just 6 weeks, before eventually quadrupling. Similarly in 2020 price doubled within just 6 weeks.

Baring in mind price has dropped in half from $40K to $20K within 6 weeks, it wouldn't be completely unexpected to see price doubling within the same time-frame either. Many people who (for example) respect the 4 year cycles for example are overlooking the fact that price has already come down to the 200WMA and realised price within 6 months of ATH, instead of 12 months afterwards. This implies that the price is moving a lot faster than we have seen in previous cycles, or otherwise that more accurately May 2021 should be considered the bull market top and therefore a low 13 months later is pretty usual...

[superman184]

bitcoin always surprises everyone, with the price suddenly dropping and rising. everyone wants the price to continue to improve but in the field the bitcoin price can not be determined alone.
I think bitcoin price will hit 30k again but not anytime soon. for now the bitcoin market is in an unstable state because the world economy is also in a bad state globally.

[Marvell1]

Those who bought bitcoin when it bottomed at $ 17k would quickly sell out if bitcoin returned to the $ 30,000 range, it will put pressure on the market and the price of bitcoin will continue to fall, so we should once again see the $ 20k range again.

According to my opinion, bitcoin may hit $ 30,000 again, but it won't happen in June. It will probably move sideways at $ 20-22k before reaching $ 30,000.

[darewaller]

I would guess that most of that already gone, it wouldn't take that long. I get the "3" in the 3-6 months, and yes it could take that long, maybe as long as 6 months but that would be a bit too much. I guess that by Q4 of this year we will start to see a bit of recovery and that will probably put us back to 30k.

I am not saying that we will be breaking ATH in the next few months, of course we will not do that, I am just talking about the 30k part, and that is not too far away, just a 50% increase and we all know how easy it could be for us to go up 50% in crypto world. This is why I am guessing that the best thing to do right now would be waiting, and not selling.

Unfortunately we are facing bearish sentiment right now in bitcoin markets which may last till weekends and only by the times of weekend we are seeing bulls get into action hence hopefully this weekend also might be another one for similar market actions.

[darkangel11]

It could return for a relief rally, but when we fell from 40k to 30k there was no relief rally. Then we fell from 30 to 20k and no relief rally and then we fell to 17k and finally had some bounce back. There's no certainty here.

Don't look for short term moves, it's a waste of time. Bitcoin is too volatile and too easily manipulated. Only long term matter here. What are you going to do if it goes back to 30k? Will you take it for a proof of strength or weakness? Will you sell because it's only a dead cat bounce or will you hold it because it's going to flip to a bull market later this year?

There's too many things going on in the background so I'm going to hold if it goes to 30k and I'm going to hold if it doesn't.

[kotajikikox]

It could return for a relief rally, but when we fell from 40k to 30k there was no relief rally. Then we fell from 30 to 20k and no relief rally and then we fell to 17k and finally had some bounce back. There's no certainty here.

lets stop looking for relief rally because we already knew that rally only happens in Bull market in which mostly happens when Halving is there.

Don't look for short term moves, it's a waste of time. Bitcoin is too volatile and too easily manipulated. Only long term matter here. What are you going to do if it goes back to 30k? Will you take it for a proof of strength or weakness? Will you sell because it's only a dead cat bounce or will you hold it because it's going to flip to a bull market later this year?

indeed but not unless we are in the rallying market like 2017 or 2021 in which the market is showing a strong growth and then we can claim our grate profits.

There's too many things going on in the background so I'm going to hold if it goes to 30k and I'm going to hold if it doesn't.

Keeping it all will help market to extend its growing , this is the way we can help bitcoin profiting.

[lienfaye]

Those who bought bitcoin when it bottomed at $ 17k would quickly sell out if bitcoin returned to the $ 30,000 range, it will put pressure on the market and the price of bitcoin will continue to fall, so we should once again see the $ 20k range again.

Its likely to happen for investors who prefer short term. If they bought their Bitcoin at $17k bottom and sell at $30k its a nice profit already for those who take advantage the minor increase. Thats why there's always a way to gain even the market is in bearish but this is only for investors who can spend longer time to monitor the market frequently to not missed the timing to sell. Thus its expected if the price recover a bit, its bound to decline again, on the other hand long term hodlers are not bothered by this since they have target price to take profit.

[adaseb]

Seems like there is a magnet now at $20K. When we first touched it there was tons of sell orders and why we kept dumping to $17K.

However when it approaches $20K now it seems many are buying Bitcoin at $20K. Most likely it will provide a temporarily bounce. Maybe it was the low, maybe not but either way you need to stay cautious especially what the stock market is currently doing.

[Paul Pogba]

Of course, we never thought that the bitcoin price would drop from $30k to $20k or more than 34% in 8 days, this is why we have to follow the advice of experts or influencers who suggest buying, holding or selling, and I'm currently following several influencers since the last 3 years and often their predictions are right.

[Fundamentals Of]

$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

They are shorting bitcoin again, specially for those who bought at lows of $17k, easy profit for a $22k pump. And now we are in the $20k range and there could be more selling pressure. But just one good news in this bear market might push it to $25k though. Give it over like a month and see where the price will go, I think $25k can easily be breach.

Yes, I guess there really are a lot of short right now. The fear level remains high and the negative outlook is still there. There are polls I've encountered on social media sites which suggest that the hard times are not yet gone and the fall has not yet reached the bottom. We are still in the middle of the bear market. But I agree with you that it will probably just be a matter of a few weeks before things could get better. $25,000 is an easy target in this case.

[Lucius]

$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

Does it remind you of something from the recent past? The same thing happened when we slipped from $40k to $30k and then stayed there for a while - ranging from $28k to $32k. It is now possible that $22k is the upper limit from which we will repeatedly decline to $20k, and if it lasts too long, we will probably see another drop - because a stable price is not something that characterizes Bitcoin.

In the short term, things don't look good, but for those who want to buy cheap and know that things like this have to happen sooner or later, periods like this shouldn't be a problem, but an opportunity to grab extra sats.

[tn211]

$30,000 is too high before the selling continues. For the past days it seems the selling resumes as soon as the price bounces back a little, to even as low as $21,000 or $22,000. This doesn't look good at all. It seems the sellers cannot anymore wait for the $25,000 or $30,000 levels to be reached before they will continue with their thing. Does this mean Bitcoin's price still has a bigger room to fall? In any case this is indeed a long term game. And I'm in.

Does it remind you of something from the recent past? The same thing happened when we slipped from $40k to $30k and then stayed there for a while - ranging from $28k to $32k. It is now possible that $22k is the upper limit from which we will repeatedly decline to $20k, and if it lasts too long, we will probably see another drop - because a stable price is not something that characterizes Bitcoin.

In the short term, things don't look good, but for those who want to buy cheap and know that things like this have to happen sooner or later, periods like this shouldn't be a problem, but an opportunity to grab extra sats.

Exactly, my take on this is, we are looking at a bull trap. I do see fluctuations to perhaps 25k, but with so many defi sites getting hacked or losing funds by dump contracts there is more pain to come..

[rhomelmabini]

I Think bitcoin could go toward 30k range again For a relief rally. Then come back to current range or even more dump possible . If btc would go toward 30k range most of investors will sell it again. BTCBTC

Bottom is in when the derivatives market is shorting $BTC into the dirt after the brunt of the spot selling has taken place. i.m.o we are currently in a bottom level. must be make an Uptrend from here. what ever it is  this isn't short term game.

Yeah, it wasn't that all the nosedives or something, sellers are likely exhausted but we never know if the bottom was really in already. It could just get worse if there will be any bearish stuff to come again not just in the crypto market but for the whole market. DCA is a full proof against a bearish asset and it never gets old.

[fzkto]

This is just a short term speculation, it is possible that if bitcoin price rise to $28000 or $30000, there could still be selling pressure at that point which could plummet the price down back to $20000 or below. But this period will favour buyers that have long term ambition to hold, there can be volatility within certain range, but all-time-high would not likely take more than 3 years from now.

Note that you are talking about a 50% increase, which in the current bear market situation is very high. I don't deny that such a rise could happen smoothly, within a few weeks or even months, but so far I don't see the reasons for that. Unless the bear market ends and the bull run returns.