What comes next for Bitcoin: $20K or $30K?

[dragonvslinux]

With price currently testing $25K for the forth time in recent days, was curious on current market sentiment. Do you think $20K or $30K will happen next?



Personally I think if price can reclaim $25K then we will see $30K next, but otherwise if price drops below $23K then $20K becomes more likely again, as I think $21.5K will be less likely to hold as support again.

What are your thoughts? Will the bullish uptrend continue or will price get rejected by $25K resistance level and correct back to the downside?

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[Yatsan]

Possible to hit both. Correction could always take place especially if the reason behind an increase, is not that strong, enough to push a long pump in the marjet prices. Right now the market price is more likely to be back at $20k. $30k on the other hand is possible to be crossed mid year but I cannot cite exact reason for this thing. The marjet is just unpredictable and full of uncertinty. The recent increase was not even anticipated by many investors. It just did, and eventually influenced the demand towards other cryptocurrencies. Right now wherein the market is a bit retesting, the next price movement is hard to predict or even assume.

[btc_angela]

If we have seen the trend, it takes time to break $20k->$24k, and if I'm not mistaken, it's take like 3-4 attempts to be able to break that barrier and sustain it. I'm just working on my memory, and If I'm correct we have seen an attempt to $25k twice already this month and each time, it's not sustainable as the price keeps on going down, maybe the pressure to sell is there obviously.

Nevertheless, I think if we can get to $25k in our 3rd or 4th attempt regardless of the time, we could get there and sustain or run. So for more me, it's likely that $30k will be closer than a dip to $20k.

[dragonvslinux]

Possible to hit both.

Well yes, this I don't deny. But the question is what comes next, not whether both are possible to reach

Right now the market price is more likely to be back at $20k.

That's your answer: $20K. But it seems you voted for $30K if that was you 

The recent increase was not even anticipated by many investors.

This is probably why it happened. Because market likes to trick people 

[NeuroticFish]

What are your thoughts? Will the bullish uptrend continue or will price get rejected by $25K resistance level and correct back to the downside?

I am optimistic and I voted 30k. Clearly a cooldown will come again - sooner or later -, but we seem to jump into a FOMO-like atmosphere already (at least crypto Twitter seems to be there), and if it's so then the cooldown may only happen after 35-40k (and will be a bit painful/disappointing for some).

[Macadonian]

ognasty posted in the WO topic about a triple top. I am trying to find previous charts that show what a triple top does in price. If any one knows the dates I would appreciate it. We are definitely in a good market now with FOMO very strong. Twitter and Reddit are going crazy about missing out on <$20,000 so I doubt we will return there for a while at least not until we have gone over $30,000 if we hit 20,000 again I think it will be during a correction from a bull run but I am optimistic that this is the last time we see $20,000.

[dragonvslinux]

ognasty posted in the WO topic about a triple top. I am trying to find previous charts that show what a triple top does in price. If any one knows the dates I would appreciate it. We are definitely in a good market now with FOMO very strong. Twitter and Reddit are going crazy about missing out on <$20,000 so I doubt we will return there for a while at least not until we have gone over $30,000 if we hit 20,000 again I think it will be during a correction from a bull run but I am optimistic that this is the last time we see $20,000.

Had to go way back, but found the old classic on Daily chart from 2019. Bare in mind this was a 3 month long ascending triangle structure, whereas currently we have one over the span of 5 days (so less reliable):



Hence, you can probably see the similarities. In context of what OG said, I wouldn't say a triple top is inherently bullish, it depends on the structure. If price is within a channel of horizontal support / resistance, it's probably more bearish/neutral, as price is likely to continue trading within that channel. However if price has higher lows, it shows bulls are willing to pay increasingly higher prices. Hence in this example, each time $25K is tested it's become weaker (as clears out sellers) and price is (so far) pulling back less far each time, ideally until it barely pulls back at all and eventually breaks to the upside, as shown above.

[crwth]

I'm feeling bullish about this trend that we have because recently, we just had continuous ups and downs in the market in the $23000~$25000 range. It's building up its squeeze then pops and breaks the resistance. It's hard to know when but I believe it is going to happen.

[Nrcewker]

If Bitcoins manages to keep its price at 25k usd till the end of February, then next month we can expect something big. I mean Bitcoins suddenly bounced back from 21k usd to 25k usd in a week, so in a shorter period of time anything can happen. But it is assumed that Bitcoins won’t fall down or go downwards. Rather seeing this increase in demand, the price will definitely go high. So 20k usd is not practically possible if we see. 30k usd will be the new checkpoint for all the Bitcoin investors.

[Mate2237]

The price of bitcoin is uncertainty. And the dip has come to and end, this semi bull is just to make the users that invested at the rate of $40k to see road. Bitcoin will still come down to below $20k so nobody should think of saying the bull has started. I am not even concern about the price right now. My main aim is to get enough bitcoin before the next bull. That is why, almost a three weeks now I have not checked the price of bitcoin. Because even I checked there is nothing I can do about it instead I left like that. And let me be focusing on the long investment plan. Anyone that is for long term investment should not bother themselves to be checking to the price every day. You will just have high blood pressure.

[blockman]

As much as I've seen a lot of speculation and analyses about possibly hitting back to $20k and below, I've voted for $30k. The points are obvious and aside from that, I'm very optimistic that the chart is just setting the ambiance before the halving. Yeah, it's still quite far but the same vibes I'm seeing when the halving occurred in 2020, and then with the pandemic and war, 2021 made a great entry for everybody. And that's why I think history will simply repeat itself and will pass $30k soon.

[o48o]

I iam hoping for 20k as i think we need way more time to accumulate if we really want to moon, and if we hit 30k well get past it imho. And as we this is most likely going to be a bouncy launch anyway and i would rather see that volatility happening near 20k then in 50k as dropping from higher would be horrific for some alts

[Hypnosis00]

Upon seeing the current momentum, we have a bigger chance that the price of Bitcoin will reach $30k. We are actually moving there but we can never say when and also, we can't assure that it never fall back to $20 despite the uptrend. I can recall in the past few days that we almost reach $25k but the course of the Bitcoin trend had a chance to dump and go back to $17k, this can be possible as well. Yet, I was very optimistic that we were moving high (slowly), but might it takes a few weeks or months.

[Oceat]

We have idea but all we know is that it is testing every price range it reaches, perhaps it might want to test every price till the year end. If only we don't want to consider the hype if there's something on the news and $30k might be too much for it that's why it won't last long IMO. But if it's going to stay at $30k price that long then I would expect another huge dropped from it considering that it's a halving next year. That might be its game, who knows?

[GeorgeJohn]

Nobody can predict the price of Bitcoin perfectly, so their is every tendency that the price of Bitcoin will accelerate in price more than thirty thousand (30k) and the same is applicable that the price can drop below twenty thousand (20k) so it's not the first time the price of Bitcoin experience increment and later decreased, so the continuities of the price rising is dependable on the determinant of the demand and supply in the market, and it's very clear that a positive information can influence the market of cryptocurrency and especially bitcoin and it's applicable for negative information that brings disvalues of Bitcoin price in the market, so it's vice versa.

[carlfebz2]

Nobody can predict the price of perfectly, so their is every tendency that the price of will accelerate in price more than thirty thousand (30k) and the same is applicable that the price can drop below twenty thousand (20k) so it's not the first time the price of Bitcoin experience increment and later decreased, so the continuities of the price rising is dependable on the determinant of the demand and supply in the market, and it's very clear that a positive information can influence the market of cryptocurrency and especially bitcoin and it's applicable for negative information that brings disvalues of Bitcoin price in the market, so it's vice versa.

This is why im not really that hassling or stressing out myself on minding on what would be the next price.Yes, i do made out neither long or short position but only on minimal which i dont care if it would be liquidated or not but it would be better if it would make out some profits.For long term holds then this is what im doing  thats why im not really that stressing myself because
market is always been that unpredictable.There's no way that we could be able to predict on where it would be going.The price is really that trying to break 25k
but it had failed so many times.

[Rigon]

It is very difficult to predict the current market conditions.  However, currently the Bitcoin market has hovered around $25,000 several times. The market has moved down at the position of $25k. Although the market has moved back, it has stopped at $24,000. If there are many bad positions in the market, then the market can reach $20k. However, even if it returns within $20k, there will be a lot of bad news in the market. Otherwise, if the Bitcoin market is not coming below $24k, then we can say that the Bitcoin market can stay in the range of $30,000.

[TravelMug]

I iam hoping for 20k as i think we need way more time to accumulate if we really want to moon, and if we hit 30k well get past it imho. And as we this is most likely going to be a bouncy launch anyway and i would rather see that volatility happening near 20k then in 50k as dropping from higher would be horrific for some alts

But we already have the time to accumulate to accumulate around $17,500-$19,000, and then the huge hit around $15,500 because of the FTX fiasco. And I think last year was the best time to accumulate in my opinion.

More likely $30k will be hit in the 1st-2nd quarter of this year. $25k might be the biggest resistance so far.
However, if we get pass the price this month or early March then the path is going to be clear for a $30k uptick.

[Fundamentals Of]

It is indeed noticeable how Bitcoin has been repeatedly rejected by $25,000. That is a strong resistance right there. Of course Bitcoin has already successfully shattered it on certain exchanges but it just can't stay there for long. It always bounces downward immediately. To some exchanges $25,000 remains untouched. But I still think that $30,000 is more likely than $20,000. These attempts at $25,000 will eventually weaken that resistance. One of these days, it will finally be successful and $30,000 will come in handy.

[peter0425]

With price currently testing $25K for the forth time in recent days, was curious on current market sentiment. Do you think $20K or $30K will happen next?

about 20k, seems to be not happening this February as we are near closing , but 25-30k for me is the best in the Poll as this is the reality to come.

Personally I think if price can reclaim $25K then we will see $30K next, but otherwise if price drops below $23K then $20K becomes more likely again, as I think $21.5K will be less likely to hold as support again.

yesterday , 25k been broken but did not sustain the position .

maybe today or tomorrow ? we will take this and starts making to 30k

What are your thoughts? Will the bullish uptrend continue or will price get rejected by $25K resistance level and correct back to the downside?

Bullish will continue this is what i see in market.