If Bitcoin soon returns to $25K - $30K

[rodskee]

I'm afraid that  the votes speaks for it , and that is sellers will gather because  many of them are waiting for the chance so recover their losses from the former dumping. I myself consider to sell some part of my holdings if the price reached back 30k because to be ready in case there is another dump comes .
but I will decide once the price goes back to that level.

[1714594408]

1714594408

[Nrcewker]

Current market trend if we compare to the last few days then Bitcoins have given a positive approach.
So this will only indicate that more investors will show trust in Bitcoins and hence they will buy more Bitcoins.
Many have also predicted that Bitcoins will cross the 30k usd mark by the end of the month.
We need to just wait and show some patience in the Bitcoins.

[Minecache]

My vote goes for "More buyers will step in" because right now, everyone is looking out for a bottom.

We know about Bitcoin's cycles.
When we reach a certain amount of $ per Bitcoin, people are getting FOMO and we can enter a new bull market.
But we need to reach a certain price above our current low for people to get enough trust.

I also predict there will be more buyers if bitcoin price hits 30k.  There are many people waiting for bitcoin to fall further before purchasing, but if bitcoin rises to 30k, then they will jump in to buy as they think their prediction is wrong, and they do not want to miss the opportunity to buy cheap bitcoin. Many will say that the bear season is over and the bull season has come when bitcoin hits 30k, there will be a certain Fomo at that point.

[Eternad]

Despite the increase of CPI index rate and Celsius bankruptcy application. Bitcoin is still standing strong on the 20K level for almost a month. This might be a good sign for a consolidation and probably we can see a short to mild bull run up to 25K next week if we manage to close above 20K for the weekly candle. I’m starting to believe now that The current price is almost the bottom because there’s no strong sell pressure besides the the release of CPI index rate since that is pure manipulation from whales and retail traders.

[ethereumhunter]

I choose No Idea because I do not know if bitcoin will return to $25k-$30k soon but I feel that the price can go back to below $25k soon and maybe this year. But the price can also increase more than $25k this year if many people support bitcoin more than before so that can make the price move and go up to a higher price. If the price is really back to $30k, maybe I will sell some portion but not the big amount as I am still waiting for the next new ATH that can happen anytime.

[cryptomaniac_xxx]

I choose No Idea because I do not know if bitcoin will return to $25k-$30k soon but I feel that the price can go back to below $25k soon and maybe this year. But the price can also increase more than $25k this year if many people support bitcoin more than before so that can make the price move and go up to a higher price. If the price is really back to $30k, maybe I will sell some portion but not the big amount as I am still waiting for the next new ATH that can happen anytime.

It seems that we can't break the next barrier of $22k, I forgot how many times we try to go over that hump, but it seems that it's the point wherein speculators are going to sell to make their profits. So first maybe we can't even see $25k the soonest. But if ever we go their, maybe the same attitude and scenario will happen, sellers are going to be evident, as everyone wanted to make money in this bear market.

[Slow death]

In my opinion it all boils down to:

1 - if the price drops below 17000$ then 14000$ and then 10,000$ will be the price we will see

2 - if the price breaks 22000$ it will go up to 27000$ - 28000$ and will stay between 22000$ to 28000$ for some time before trying to break the 28000$ again, that's because from 28000$ to 30,000$ and a very strong resistance zone

[Captain Corporate]

Its eerily close to call, plus its just a few votes. These type of polls shows me how much bitcointalk is used actually, in a place like reddit we would had a ton more votes. In any other situation, I have to say its not really a deal where we could make any kind of deduction based on this poll. I believe that there will be both, "then" would be hard to predict, but both buyers and sellers will be around for sure. This is why I believe that we shouldn't be really focusing on this part yet. Lets focus on getting to 25k and more first, we are not there yet and talking about what will happen after we get there makes no sense to me.

[romero121]

We can't simply find a reason for the growth, but everyone can make predictions. According to me the price of bitcoin suddenly won't move to that zone. The price of ethereum that grew mutual with the bitcoin have increased higher. When price of bitcoin reaches $21k+ the price of ethereum used to go $1200+ Now ethereum have moved $1345+ and this shows the variation over the market happening with bitcoin and altcoins. So, buyers could move towards altcoins in the coming weeks.

[sheenshane]

There are too many factors for the sudden trend so I voted the "No idea, see results".

We all know that the market price is unpredictable but still we create guesses and predictions based on our assumptions.  As we can see, there's a few positive news that's currently happening that might makes the Bitcoin price a little uplift.  So possible it will return to that price range after a month(s).

So I think we should be prepared at all times, if you're a holder, never sell at a lower price.

[AnonBitCoiner]

There has been way more mining in recent years. So the halving will happen before the expected 2024. I think we will see Bitcoin going up oct-Nov 2022 and up again march- April 2023 then the halving will happen in later 2023 and send it north of 100 K. That's just one guy's opinion.

[ethereumhunter]

I choose No Idea because I do not know if bitcoin will return to $25k-$30k soon but I feel that the price can go back to below $25k soon and maybe this year. But the price can also increase more than $25k this year if many people support bitcoin more than before so that can make the price move and go up to a higher price. If the price is really back to $30k, maybe I will sell some portion but not the big amount as I am still waiting for the next new ATH that can happen anytime.

It seems that we can't break the next barrier of $22k, I forgot how many times we try to go over that hump, but it seems that it's the point wherein speculators are going to sell to make their profits. So first maybe we can't even see $25k the soonest. But if ever we go their, maybe the same attitude and scenario will happen, sellers are going to be evident, as everyone wanted to make money in this bear market.

For now, indeed, bitcoin has not been able to break the next barrier but at least the price can stabilize at $20k-$21k and that's good for bitcoin. It might not be long before the price could go even higher and who knows, it could just go up to $25k or more. We hope this situation can change as soon as possible so the price can return to high prices again. Today's price is still at $21k more and we should be grateful that the price can return to it after getting yesterday's correction.

[adaseb]

$30K is going to be nasty resistance if it gets there. Look at the daily chart, it was strong support and now will be strong resistance. You can guage the state of the market by what happens at $30K.

If it closes above $30K then you can say that $17K was the low and we will trade higher. However there is a good chance that $30K will get tapped and it'll try and head back down to new lows.

[pooya87]

History has proven that after a big drop people are scared and will wait for a positive signal. That positive signal is breaking a major resistance and going above that with a strong momentum. We have had this many times in the past like in 2019 when price was stuck in $3k range and wasn't going up but as soon as the resistance at $4k was broken a large number of buyers poured into the market and started FOMO buying. Their influx caused a massive rise from $4k to nearly $14k, that is 250% rise in only 2 months.

[Lucius]

There has been way more mining in recent years. So the halving will happen before the expected 2024. I think we will see Bitcoin going up oct-Nov 2022 and up again march- April 2023 then the halving will happen in later 2023 and send it north of 100 K. That's just one guy's opinion.

You played a little in your imagination and you don't understand that the halving can't just happen half a year or earlier if it happens every 210 000 blocks. More crypto miners don't make mining faster, the mining difficulty is always adjusted so things can always go their way. Regardless of your thinking, the next halving is predicted sometime in the month of May 2024, although various halving calculators with regard to the calculation method show different estimates.

History has proven that after a big drop people are scared and will wait for a positive signal. That positive signal is breaking a major resistance and going above that with a strong momentum.

The question is when and if this signal will appear, given the pessimistic mood that prevails among the richest countries, and how it is only in the poor ones where people always live on the edge of existence. I know that there are always those who have money to invest regardless of the economic situation, but retail investors have a hard time dealing with inflation and the question is, will they bite into the FOMO bait as it was the case in the past?

[P2PECS]

History has proven that after a big drop people are scared and will wait for a positive signal. That positive signal is breaking a major resistance and going above that with a strong momentum.

The question is when and if this signal will appear

I do not believe that history necessarily has to repeat itself in this way. We could go from breaking, say $25K to $60K in a couple of months, but given the current situation I see that as unlikely. We know that Bitcoin is capable of rising very fast but as the price and market cap rises, the rate of rise should tend to slow down.

[onecall123]

That's right. This is what I see happening as well. This is the first time in a long time that BTC is showing signs of bullishness. It is this type of move that I am seeking. There are a lot of people eyeing similar opportunities. As a matter of fact, there is very little resistance the whole way. That you're hitting a point in the market where it's no longer just down, is exciting to me. If there was a large squeeze, I think bitcoin would rise to 24k to 25k if there was a weekend pump.

[EdenHazard]

I'm afraid that  the votes speaks for it , and that is sellers will gather because  many of them are waiting for the chance so recover their losses from the former dumping. I myself consider to sell some part of my holdings if the price reached back 30k because to be ready in case there is another dump comes .
but I will decide once the price goes back to that level.

We are building a very strong support line at the 20-21k usd now.

People get optimistic back really quick with these uncertain market , just dont forget that there is a possibility for us to get crashed one more time unexpectedly in the middle of an optimistic market like this. 21k support line nearly formed if we stay for a couple days at the current range

[pooya87]

The question is when and if this signal will appear, given the pessimistic mood that prevails among the richest countries, and how it is only in the poor ones where people always live on the edge of existence. I know that there are always those who have money to invest regardless of the economic situation, but retail investors have a hard time dealing with inflation and the question is, will they bite into the FOMO bait as it was the case in the past?

We have to wait and see because the world economy is so fragile right now but I believe there is still a good chance that we see the same FOMO repeated because a large part of the money that went out of the market is still waiting on the sidelines to jump back in and more importantly we would no longer have the same panic sellers to create a sell pressure to prevent the rise.

[Lucius]

~snip~

I did not find an estimate of how much money is currently on the sidelines, but if that amount was around $5 trillion last year, given the current state of the market, it is possible that that amount is much higher. It's hard for me to be positive at this moment when it comes to this year, and even the first two quarters of next year, given all the warnings that are literally flooding us here in the EU.

If there is something positive in everything, then it is that we have probably gotten rid of weak hands and that we may be at the beginning of a new cycle.