Bitcoin breaking the biggest limit since match price push

[Husires]

Am I the only one who believes that breaking the barrier is nothing but temporary speculation, and we will return to 28,000 levels within the next 48 hours?
There does not seem to be enough momentum to make the price move far above that level, as evidenced by the fact that we did not break $31,000 quickly, although there is no support level here.

The positive news is that the psychological barrier has been broken, even if the price rebounded, so 30K will not be a problem and will be the level of resistance for the coming years.

We get CPI number in a few days. which determines what fed will do.

Is there any correlation between CPI and Bitcoin? Or only because influence the FED decisions?

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[Franctoshi]

Bitcoin has finally struck pass the long awaited $30k price level of resistance , this shows that the bull market has now officially kick started having passed this level which previous all time Bottom is a huge indicator for the market that the bulls are finally now fully in control of the market once again, So the probability of Bitcoin making another low is now very tiny.

[boyptc]

$29600 as of writing now.

While there were some positive actions that can be seen to bitcoin and the push that has been made just now. I still see some of those predictions from outside the forum that they're still waiting for $10k.

If they continue to wait, then they are going to lost their battle, because the chances are slim for bitcoin to hit $10k, in my opinion. We may have seen the lowest low for all we know for this bear cycle. And we have been trading sideways for the last 10 days, and now there is a big uptick in the price, and we might see $30k for this month or even higher if this bullish sentiments and FOMO continue.

As for the CPI report, speculators are hinting that the Fed will end it's series of interest rate hike.

If this is the case, the most likely, Bitcoin and the rest of traditional market is going to really because of this positive news.

That's also what I think because these people have been dying hard to wait that price to come, they've been all talking negatively and frustrating feelings of those that can read their "TA".

Bitcoin just hit $30k again and this is a celebration for everyone that has been waiting to see its price to be back at it again at that level.

Now that we already broke $29,000. By that, I am very positive for the short term that we can easily reach the $30,000 - $31,000 level.
I can say that these are healthy pumps because, for the past few days or weeks, we really did sideways and battling the $26,000 - $27,000 support level.

It just did got $30k this day and kinda stuck to that price. Well, that's so demanding if I say kind of stuck there if it has just been there. LOL

[Ojima-ojo]

Bitcoin has finally struck pass the long awaited $30k price level of resistance , this shows that the bull market has now officially kick started having passed this level which previous all time Bottom is a huge indicator for the market that the bulls are finally now fully in control of the market once again, So the probability of Bitcoin making another low is now very tiny.

Yes I thought I will be the first to update the thread that bitcoin broke the $30,000 benchmark a couple of hours ago and at that Bitcoin has sustained its price also at that level which is something we should be happy for building sustainability in liquidity is what will push the price of Bitcoin to push further.

The bitcoin market sentiment is quite big this time, and at that, we must have to speculate a lot more than we did in the last couple of month may be way back into the last quarter of 2022 which saw Bitcoin struggling a lot in its market price.

[SirLancelot]

Since the beginning of the year 2023, bitcoin has been on a steady but slow uptrend movement with a lot of resistance along the way and in the month of February struggle all through to attain and sustain a $23,000+ price but in mid-match to the ending of the same month Bitcoin finally, break that barrier to reach around $27,000-$28,000 with wide wind of resistance that keeps BTC price at that level for a long while.

Put seeing that bitcoin has pushed ahead of that resistance during the esther holiday to reach as high as $29,300+ which is a significant uptrend that will leave many to speculate what price bitcoin is going to reach in its current price trend, your speculation of the current market condition are all welcomed.

It has been around 10 to 11 days since Bitcoin has been just stable between the $27k to $28k range and hasn't either gone down or gone up, it has finally broken above the resistance around $29,300 and going up, as a lot of speculators have been predicting that the price will reach around $35k within the month of April, it finally seems it might be true.

What I think is that it wouldn't be a very big pump at this point, if we see a lot of buying pressure in the markets following this uptrend, we might see that pushing the price to maybe at most $32k before it will start dropping again.

[Yaunfitda]

Since the beginning of the year 2023, bitcoin has been on a steady but slow uptrend movement with a lot of resistance along the way and in the month of February struggle all through to attain and sustain a $23,000+ price but in mid-match to the ending of the same month Bitcoin finally, break that barrier to reach around $27,000-$28,000 with wide wind of resistance that keeps BTC price at that level for a long while.

Put seeing that bitcoin has pushed ahead of that resistance during the esther holiday to reach as high as $29,300+ which is a significant uptrend that will leave many to speculate what price bitcoin is going to reach in its current price trend, your speculation of the current market condition are all welcomed.

It has been around 10 to 11 days since Bitcoin has been just stable between the $27k to $28k range and hasn't either gone down or gone up, it has finally broken above the resistance around $29,300 and going up, as a lot of speculators have been predicting that the price will reach around $35k within the month of April, it finally seems it might be true.

What I think is that it wouldn't be a very big pump at this point, if we see a lot of buying pressure in the markets following this uptrend, we might see that pushing the price to maybe at most $32k before it will start dropping again.

Yes, at least 10 days of not moving, and trading sideways around the $28k price range. Now, this is the one that we are waiting for, breaking that whole numbers of $30k, and it seems it's going to continue. See the price at $30,500 the highest so far and everyone is very bullish once again.

Uptrend, we are looking at $32k'ish before we finally got tired and bulls exhausted. But let's see, we know that when the market is very bullish because of positive news, it's hard to stop it. And the good thing is that we have two weeks more this month, still plenty of days to go to the next barrier.

[dragonvslinux]

Since the beginning of the year 2023, bitcoin has been on a steady but slow uptrend movement with a lot of resistance along the way and in the month of February struggle all through to attain and sustain a $23,000+ price but in mid-match to the ending of the same month Bitcoin finally, break that barrier to reach around $27,000-$28,000 with wide wind of resistance that keeps BTC price at that level for a long while.

Put seeing that bitcoin has pushed ahead of that resistance during the esther holiday to reach as high as $29,300+ which is a significant uptrend that will leave many to speculate what price bitcoin is going to reach in its current price trend, your speculation of the current market condition are all welcomed.

It has been around 10 to 11 days since Bitcoin has been just stable between the $27k to $28k range and hasn't either gone down or gone up, it has finally broken above the resistance around $29,300 and going up, as a lot of speculators have been predicting that the price will reach around $35k within the month of April, it finally seems it might be true.

What I think is that it wouldn't be a very big pump at this point, if we see a lot of buying pressure in the markets following this uptrend, we might see that pushing the price to maybe at most $32k before it will start dropping again.

If anything the buying pressure may well come from those re-entering the market who sold >$30K, noting that the trend is shifting bullish. Of course many speculators would have re-entered at lower prices, like $20K or $25K, but for more conservative investors they will want to wait for further confirmation of a trend shift, notably reclaiming $30K. If you sold around $50K to $60K, then $30K isn't a bad re-entry still.

[GeorgeJohn]

Let us not call for jubilation because of tortoise movement of bitcoin since 2023, before I can believe or attest to bitcoin increment as a joyful one is when the price of returns to the most reaches the maximum point bitcoin has reached so far for it history of increment before falling to a point that was unbearable when the price falls drastically in 2021 and 2022, so the price movement of bitcoin is not dependable,  because it might be higher today and tomorrow the price falls, so bitcoin reaching up to thirty thousand high and twenty eight thousand low doesn't mean that bitcoin price have ascertain a maximum point, we are expecting bitcoin to go beyond the stage price now, what Increase bitcoin price is the market demands and good information relating to a known companies investing in bitcoin or using bitcoin as point of payment.

[justdimin]

If they continue to wait, then they are going to lost their battle, because the chances are slim for bitcoin to hit $10k, in my opinion. We may have seen the lowest low for all we know for this bear cycle. And we have been trading sideways for the last 10 days, and now there is a big uptick in the price, and we might see $30k for this month or even higher if this bullish sentiments and FOMO continue.

As for the CPI report, speculators are hinting that the Fed will end it's series of interest rate hike.

If this is the case, the most likely, Bitcoin and the rest of traditional market is going to really because of this positive news.

That's also what I think because these people have been dying hard to wait that price to come, they've been all talking negatively and frustrating feelings of those that can read their "TA".

Bitcoin just hit $30k again and this is a celebration for everyone that has been waiting to see its price to be back at it again at that level.

I think people who are not happy about 30k are the people who waited too long to buy, nobody else would be unhappy about it. I personally had to sell because of medical issues and even I am happy that it went up, it would be better for me if it went under 20k again so I can buy again, that would be personally better for me but I do not see this as a personal issue, bitcoin going up is better for the market and should be considered as a great thing.

Not a lot of people consider that and for some reason they keep doing what they like doing which is complaining and whining about it. Going above 30k is amazing and should be celebrated, I personally celebrate it and I hope that it goes even higher very soon as well.

[Lubang Bawah]

The prediction that April will rise is now proven true, the price has reached $ 30k and it is the point that this year the market will rise, I believe the bull run will happen soon, many have predicted that in April the price can touch at least $ 50k, if this happens then this year it will easily reach $100k.

[Lucius]

Is there any correlation between CPI and Bitcoin? Or only because influence the FED decisions?

People all over the world look at the FED and the CPI as some kind of sacred cows by which the whole world is aligned - and if Powell just says something negative in the context of cryptocurrencies or even hints at what the FED will do, people buy or sell Bitcoin accordingly. We defend the fact that Bitcoin is decentralized, but we cannot in any way refute the fact that most of those who invest in Bitcoin are completely centralized idiots who try to outwit the market by listening to what the leaders of that market say.

Breaking news - Don't pump the market (NSFW)

[Ojima-ojo]

Is there any correlation between CPI and Bitcoin? Or only because influence the FED decisions?

People all over the world look at the FED and the CPI as some kind of sacred cows by which the whole world is aligned - and if Powell just says something negative in the context of cryptocurrencies or even hints at what the FED will do, people buy or sell Bitcoin accordingly. We defend the fact that Bitcoin is decentralized, but we cannot in any way refute the fact that most of those who invest in Bitcoin are completely centralized idiots who try to outwit the market by listening to what the leaders of that market say.

Breaking news - Don't pump the market (NSFW)

Exactly thos investors are the reason why market behaviour rely much more of the fed fun and all the shit that come with that, the centralized investors are not true believer of Bitcoin so at that they will likely flow in the direction the news push them to, and I don't expect anything more that that because their so hungry for profits and making quick bulk out of Bitcoin that is why their will cash in on any thing that have any atom of fud that relate to Bitcoin that could impair the market to favour the gullibility.

[FUCKBSVFUCK]

If you wanted to see what happens the following month is coming as a year of the year where price is going to go up even in the resistance would not be as strong but if there is a sign of the beginning of the year where we see we are going to see more of the resistance which is possible once again we are going to see the end of the year and the current market condition is going to start going to be able to achieve it in order for us to reach a good price range and we can see on the horizon of this month of April when the price will go up we can expect to see higher price and higher price next month.

[Ojima-ojo]

If you wanted to see what happens the following month is coming as a year of the year where price is going to go up even in the resistance would not be as strong but if there is a sign of the beginning of the year where we see we are going to see more of the resistance which is possible once again we are going to see the end of the year and the current market condition is going to start going to be able to achieve it in order for us to reach a good price range and we can see on the horizon of this month of April when the price will go up we can expect to see higher price and higher price next month.

I agree with you on the possibility of the price of Bitcoin to ride on a Ralacosta ride in the new month and subsequently shortly, but then we must not miss the point that price correction is something that we can't over look because there is no such thing as one direction price movement, since bitcoin is a volatile asset and there is a need to see a few corrections even at the point of every price uptrend.

I agree with you that we may see a more uptrend price movement in this month since the month of April have been one hell of a month where Bitcoin witnessed a lot of price resistance, and the price was constantly pushed below the $30k region for a while now even though bitcoin tried severally to break that benchmark.