Bitcoin is on the Verge To Slice Through $30,000

[Reid]

How I wish this would happen to zip the mouths of those who are making FUD but there's a chance we will close at a stagnant position of 16-18k and it would last until the end of this year until the first quarter.
We need to see economic change first, if prices of all necessities especially food are still soaring then we won't see demands in the investment category.
They'd rather save that money for now in case everything goes cheap again.

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[michellee]

It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

[wxa7115]

It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

It seems to me that at this point we need to try to reduce the price we expect out of bitcoin during the next months, since bitcoin is unable to even surpass 20k so reaching 30k soon is going to be many times harder.

Now in the past we have seen that during the year before the halving the price has a tendency to recover, but I suppose we could see this during the second quarter of the next year, as we need some time for people to recover from all the bad news we have been getting during this year.

[lepbagong]

It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

hope there is big support so it can pump of course that's the hope but i doubt it. it is true that currently the price is very stable at around $ 16K and will likely continue to remain so until the end of December, because nothing can be expected to make bitcoin increase, let alone to $ 30K.
I am also the same as you, friend, there are doubts, because many economic analysts have said that 2023 is entering the year of the world economic crisis. so we can be sure that bitcoin will also have an impact on this situation, because everyone will restrain themselves. only want to spend existing funds on things that are very important. such as the necessities of daily life.
so I think that in 2023, if you can survive at current prices, this is a very special thing, of course, it's not impossible that it will drop even more than now.

[Kemarit]

It's possible, but it needs major support, or maybe a pump will happen shortly to reach the $30k price tag. Meanwhile, the current price is still under $20k and instead steady at $16k so this begs the question of how close it can start to increase. And I'm also still a bit doubtful if the price can start increasing step by step this December but that could happen after the new year. And hopefully after the new year, the price will get a nice increase and can return to the high price.

It seems to me that at this point we need to try to reduce the price we expect out of bitcoin during the next months, since bitcoin is unable to even surpass 20k so reaching 30k soon is going to be many times harder.

Now in the past we have seen that during the year before the halving the price has a tendency to recover, but I suppose we could see this during the second quarter of the next year, as we need some time for people to recover from all the bad news we have been getting during this year.

I think when we moved past our support of $20,000 that's where our expectations should be lower, I mean that is the biggest mental barrier for all of us, round numbers but then when it was broken and we did try to come back, but we are not that successful, then obviously, it will be very difficult time ahead of us and so we shouldn't expect something big to happen in 2023.

Another bear market and maybe we will see the final capitulation in this crypto winter, it could be around $10,000-$13,000, just saying. So we should be prepared for the worst and not expect a big jump in prices. Recovery might come later.

[noormcs5]

Bitcoin price is already slide down below 17K below which totally erased those gains from relief last few days. The weekly candle will close again in red which means more red days to come on the following weeks.

I also believe bitcoin will fall even more before the end of the year and the $30k prediction will never come true. Not only the economic situation is still difficult, but even the market is facing a lot of unfavorable information, so it is not possible to expect the bitcoin price to recover soon. With binance Fuds or DCG's Fuds we should see a new bottom this year soon.

I don't think we will fall even further at the end of the year, we have seen lowest low already at $15,500 and that will be the bench market for 2022. But I will agree that next year is another bear season for all of us. And with the economic conditions around the world not improving, we might see another lowest low for all we know.

So that $30k for now would look like a dream to us. And so we just have to be very positive that despite being in this kind of situation, we can still recover in 2024, right after the bitcoin block halving as it will be the catalyst for the next bull run. Long way to go but we can start with small steps from next year onwards.

See the current sentiments of the market I don't think that bitcoin will dumb further for this year. Also they are 2 to 3 days left in the monthly closing and we will close the month near about 16500 to 17000$.

Now comment to the question that whether bitcoin will reach 30000$ early next year I also don't see the possibility of this happening. Bitcoin will remain in range about 20,000$ in the next two quarters before making any major steps towards 25000$ and 30000$.

In the long run the future of bitcoin is bright and anyone who trust bitcoin will surely get this opportunity to buy and accumulate as much as bitcoins for the next bull market.

[OgNasty]

I would agree that such stability seems to be the accumulation phase and the big boys are loading their bags while the panic is still allowing it on the cheap.  I'm not sure $30K is the target they're looking for though.  Now is the time to buy and sit on it for 2 years, or continue buying regularly through dollar cost averaging while things pickup again.  It's possible a nasty recession could take things lower, but one thing is certain, the government will print their way out of the coming recession and Bitcoin will flourish.  Whether it hits $13K or $5K won't matter when it hits $200K in a couple years.  Just make sure you have money to keep you afloat if there's a job loss or other catastrophe in your life.

[Hamphser]

I would agree that such stability seems to be the accumulation phase and the big boys are loading their bags while the panic is still allowing it on the cheap.  I'm not sure $30K is the target they're looking for though.  Now is the time to buy and sit on it for 2 years, or continue buying regularly through dollar cost averaging while things pickup again.  It's possible a nasty recession could take things lower, but one thing is certain, the government will print their way out of the coming recession and Bitcoin will flourish.  Whether it hits $13K or $5K won't matter when it hits $200K in a couple years.  Just make sure you have money to keep you afloat if there's a job loss or other catastrophe in your life.

My main priority is to make myself that able to survive and doesnt matter if this one talks about traditional investments or focusing on crypto space, and as long i do make profits or income then this is what counts.

Im really that indeed preparing for some recession and some that inevitable inflation that we are all that is trying to fight and survive on.In speaking about crypto investment or simply with Bitcoin then
i do really make out some investment or some savings through Bitcoin.Although im not really that expecting that much whether this thing would fly away or boom out on upcoming years to come or
would simply just dump down.No one really knows on what would the future looks like and the most important thing to be done or to do is to make yourself that prepared ready for
some actions that you would be making on that particular point.

[sana54210]

My main priority is to make myself that able to survive and doesnt matter if this one talks about traditional investments or focusing on crypto space, and as long i do make profits or income then this is what counts.

Im really that indeed preparing for some recession and some that inevitable inflation that we are all that is trying to fight and survive on.In speaking about crypto investment or simply with Bitcoin then
i do really make out some investment or some savings through Bitcoin.Although im not really that expecting that much whether this thing would fly away or boom out on upcoming years to come or
would simply just dump down.No one really knows on what would the future looks like and the most important thing to be done or to do is to make yourself that prepared ready for
some actions that you would be making on that particular point.

Inflation makes bitcoin prices go up, and even though inflation may slow down and prices may stop going higher, it will not go down neither. Something that goes up a lot doesn't go down but stays the same and that means inflation is low, what happened has already happened and it will stay that way.

This causes bitcoin to go down in price because inflation is going down but when the high interest rates stops because of inflation rates, then we are going to end up with lower amount of interest rate when inflation stops and that means that we are going to have a higher bitcoin price because people will withdraw their money from banks and invest into assets.

[Kemarit]

I would agree that such stability seems to be the accumulation phase and the big boys are loading their bags while the panic is still allowing it on the cheap.  I'm not sure $30K is the target they're looking for though.  Now is the time to buy and sit on it for 2 years, or continue buying regularly through dollar cost averaging while things pickup again.  It's possible a nasty recession could take things lower, but one thing is certain, the government will print their way out of the coming recession and Bitcoin will flourish.  Whether it hits $13K or $5K won't matter when it hits $200K in a couple years.  Just make sure you have money to keep you afloat if there's a job loss or other catastrophe in your life.

For selling? I doubt that $30,000 will be the target of this big boys in the market. They have change the game and rules already so they might be looking for at least 6 digits before they will sell and offload some of their stash.

And with the current market situation, still a win win for them, total accumulation, very cheap price and even if it went to $30,000 or $13,000 they will continue to accumulate because this whale are smart and knows when to amass and stockpile BTC and when is the right time to make a selloff for easy huge profits at hand in the future.

[taufik123]

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And with the current market situation, still a win win for them, total accumulation, very cheap price and even if it went to $30,000 or $13,000 they will continue to accumulate because this whale are smart and knows when to amass and stockpile BTC and when is the right time to make a selloff for easy huge profits at hand in the future.

Whales have their own strategy. they will continue to buy when the price continues to fall and will sell when the price is high enough. Do not go against their currents, otherwise, you want to be swept away by strong waves.

Just follow their flow, whales also know what steps they take next. current market conditions allow us to continue to collect Bitcoins before reaching $30,000. If it drops to $13,000 it's a good opportunity to buy again.

The most important thing is to have cash reserves and be prepared for uncertain market conditions. Meanwhile, the market is still holding on at $16,800. Wait and see