Bitcoin to 30k Range again

[Baofeng]

The last 3 days make us optimistic that bitcoin will soon rise again, an increase of more than 15% in 3 days creates more opportunities to continue to rise and I'm also optimistic that July will return to the $30k range, now focus and keep buying so you don't regret it when the price is back to $30k.

Yep, but that's just 3 days though, we didn't even get to $25K as the price goes down again. Maybe there is a huge selling pressure hitting the magic number of $23K-$24K.

I like to be optimistic, but I still see that this might be 'catching a falling knife' scenario. And with that, I don't see the price going back to $30k not this month at least. Too many news like the war and then Musk selling his stash of bitcoin might affect the price in the next 24 hours.

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[dragonvslinux]

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 climb stops now

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

from increasing for several days?  now it starts lowering again and yes this is something that we need to look at .

what is important now is that we have our funds on hold? and we are already having funds ready to buy more when dumps happens.

Despite getting rejected prior to $25K, the current correction isn't exactly bearish yet. Breaking below $22K horizontal support would likely bring prices down to $21K, but at least there is support to the downside unlike previous short-term rallies. Even at present price could find support from the 200 WMA where price is at now ($22.7K), after already breaking 6% above this level, showing it's not as strong resistance as it previously was. Overall, a sharp correction to support is a lot more positive than continually failing to break through resistance levels and drifting lower (as has been the case with previous short-term rallies).

None of the short-term price action has changed the longer-term bullish factors, such as a Pi Cycle bottom signalling as well as Weekly RSI leaving oversold conditions. At the moment this is simply a case of "nothing goes up in a straight line", and a correction after a 28% pump in recent days all being very healthy for price. While some people will be panicking, others will have their buy orders at relevant support levels, anticipating a continuation of the current uptrend, especially when at the moment there appears to be mild selling / profit taking as opposed to outright rejection at higher levels.

I'll happily change my tune if price drops below $22K and $21K fails as support, then a re-test of upwards trending support around $20K will start to look bearish again.

[Joshapat]

If you look at the trend for this week I am optimistic that the price of $ 30k will be achieved in the near future, maybe the end of July or early August, before $ 30k happens then the best thing is to immediately buy, if we buy at this current price around $ 23k then we can profit More than 30% if the price of Bitcoin has returned to $ 30K.

[lixer]

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.

I do agree that there will be some sort of situation where 30k will happen not too quiet later than right now. It won't be that hard, but it will be certainly something we won't be having any trouble with neither. We just need to realize that the life we are having right now is not something special, it's 30k and it would be ordinary.

People are making a big deal out of a possible 30k, when in fact it is not a big deal at all. It's 100k that we should care about, that's a "big" change, even if we go back to 68k ATH prices, that would be good for people who bought low, or people who hold, but it won't be a huge new ATH that could be considered hype, it's normal. So, do not get excited about 30k at all.

[STT]

Basically we're in a pullback of the recent positive action and how far that pullback can go is something to watch.  Ideally we dont want it to continue too far because they we will have negated the overall idea of a recovery in BTC.   For the moment in a larger picture all we did was meet the 50 day average and follow its negative decline and this reflects the prior negative action this year, this is ok and to be expected.
  I do hope we can start to see something positive occurring before or around 22k and that will give hope of returning back nearer to 30k.   What will disappoint many is we are slower then they hoped, what they are used to in a BTC bull market.   We can rise even without the hype, its still valid but more different to stay positive both price and personally

[GeorgeJohn]

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.

I believe that the price of cryptocurrency is being determined through the demand and supply of it in the market, the price is going up and down because of the determinant of supply and demand. I will agree with you because the price is what triggers investors to join the market. But when the market is going down, the new investors skip of purchasing bitcoin for long hold