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

[adaseb]

I think we might hit $30K before $20K. Reason why is because we got bad macro news for the past few weeks and you need to wait until it blows over. We had high unemployment, high CPI and high PPI. So it’s normal for the markets to react this way.

Now unless something major happens, I think it will blow over and start to rally again. I am pretty sure another fed hike is getting priced in. Maybe 50bps or so. So in a couple of weeks we might resume this upwards trend again.

[gunhell16]

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?

I think that this month of March-April the value of Bitcoin may play between 24k$-26k$, because that's how I saw the movement of bitcoin in the month of February 23k$ to 25k$ if I look at the resistance in its trading chart graph.

But this is only based on my analysis and opinion on this matter. We know that bitcoin's value is unpredictable and no one knows what its value will be.

[Oshosondy]

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.

I check the weekly candles for this, using the BB and RSI. The more the time range of the candle stick, the more can be the accuracy, but indicators may not be accurate at times.

BB weekly candles are indicating overbought market already
The RSI weekly candles is at 71 already which also indicates overbought market

Likewise the MA, EMA and other indicators will already would be indicating that a slight bear market can result this time, if the weekly candles are used for the analysis.

My opinion is that it is possible that $25000 would be the resistance for now and possibly that the market can fall to $20000 again. But I can be wrong because indicators can fail.

[DanWalker]

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

There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.

[Kemarit]

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

There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.

Of course, because the price is going to be cheap again and we can all buy when the price is around $20,000. But the thing is that it looks like the bulls will continue this February or at least try to make it to $25,000 which is what others is pointing out, a big resistance.

Currently though, the price is like -4% in the last 24 hours. But still though, it's not yet confirmed is this is a reversal already and the price going back to $20,000 or not. So let's see, in the next 24 hours it might be confirmed though, or we will just punch our way to mid $24,500+.

[ethereumhunter]

Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.

Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.

[fzkto]

Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.

Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.

The price is down a lot given the past ATH, but relative to the past bottom around 15k bitcoin is still trading high. If the support around 20k breaks, we could see bitcoin around 15k again. But I hope that doesn't happen again and 30k is a magnet. But something tells me that 20k will happen sooner.

[Emitdama]

Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.

Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.

You want to stay it on $23k? But what about a recovery and an increase? You don't like it? But like it or not, the price can still go on its own and there is no way for us regular individuals to stop it. I check the price and it have recovered on $24k now. This is great because it seems that it will continue to move forward to $26k and onwards because $25k is already broken.

Thanks for reminding people to be prepared but I think they are already well prepared now. Before we entered the year, many people have already stocked a lot of Bitcoins with them and they are now waiting for the bull run to arrived.

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

We are done with $20k and the price continues to reach up to $25k last time. Our next stop would be $30k. If we won't get it within this month then we can surely get it next month.

[kamvreto]

Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.

Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.

The price is down a lot given the past ATH, but relative to the past bottom around 15k bitcoin is still trading high. If the support around 20k breaks, we could see bitcoin around 15k again. But I hope that doesn't happen again and 30k is a magnet. But something tells me that 20k will happen sooner.

The $15k support is broken so we'd be prepared for a dip lower, but it's still a long way off. Currently still holding above the $20k price tag, and the last resistance is above the $25k price area. Waiting to hit $30k as that is my target for the next month. Hopefully bitcoin can survive and can achieve it. I've been buying gradually when bitcoin was under $20k and now profits are showing, but I'll be holding it long term, it gets better. target new ATH will be achieved then I will sell it.

[DiMarxist]

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

There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.

I think maybe bitcoin will bull to $30 in anytime from now and,even me too praying, let bitcoin rise to $26k, if Bitcoin rise to$26k.Bitcoin reach $30k and if he blow $24k to $21,and  it will go to $20k. One thing if Bitcoin reach $20k am not going to sell Bitcoin.But Bitcoin will be bull in the cap,so am expecting Bitcoin to rise to $30k in this week,for me to be rich.

[BITCOIN4X]

There will not be many people who want Bitcoin to drop below $ 20,000, maybe because they have bought at a higher price or they have accumulated enough Bitcoin they need. But I still really expect Bitcoin to decrease, just like you, I still want to accumulate Bitcoin at a cheaper price instead of accumulating Bitcoin at high prices. But with what is happening, the bulls are more dominant than the bears, and I think bitcoin will break through $30k before a major correction.

I also don't expect bitcoin price to drop below $20K again, although it might. I hope over March bitcoin manages to hit $27K to $30K so $25K will be a solid support to hold on to. It was clear to me that was hope, but today I have seen correction which cost me -2.5% of my total portfolio value. Of course it's not fun, but for a monthly period I think I'm still making a good profit.

[dragonvslinux]

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.

The RSI weekly candles is at 71 already which also indicates overbought market

What settings are you using for RSI Weekly? Using standard settings with RSI length of 14, the RSI is at 56 (neutral) after reaching a peak just below bullish territory of 60.

So not sure where you got the idea of it being oversold unless modifying settings. The Weekly RSI hasn't been oversold since April 2021, nor bullish since November 2021.

Likewise the MA, EMA and other indicators will already would be indicating that a slight bear market can result this time, if the weekly candles are used for the analysis.

Indeed the Weekly MA 50 & 200 have formed a death cross which price is getting rejected by. However, the Daily has had a golden cross with MAs in bullish formation (20,50,200).

I wouldn't say it indicates a new bear market. It either indicates a correction on Daily time-frame or simply a continuation or the 15 month+ bear market on Weekly.

My opinion is that it is possible that $25000 would be the resistance for now and possibly that the market can fall to $20000 again. But I can be wrong because indicators can fail.

Based on today's price action I generally agree with this theory. It did look like price could breach $25K earlier this week, but now price is facing rejection.

[ScamViruS]

I think maybe bitcoin will bull to $30 in anytime from now and,even me too praying, let bitcoin rise to $26k, if Bitcoin rise to$26k.Bitcoin reach $30k and if he blow $24k to $21,and  it will go to $20k. One thing if Bitcoin reach $20k am not going to sell Bitcoin.But Bitcoin will be bull in the cap,so am expecting Bitcoin to rise to $30k in this week,for me to be rich.

Bitcoin has yet to break the $25k target strongly, which is why we are still seeing corrections in the market today. A strong breakout is definitely needed if the market is to go to $30k. Achieving this target this week is not important as we should see a healthy bounce in the market in the short term. However, Bitcoin's recent performance is giving traders confidence that momentum will return to the Bitcoin market in the coming days.

[Wiwo]

The current bitcoin price chart point further to an uptrend market force even though the price of Bitcoin has hit a strong resistant price benchmark of $25k, many factors have contributed to the market forces but that the buy order keeps getting higher we will gradually move to a less volatile zone and that is around 24k+ for a while before any possible break out of price.
-Because at the moment,  bitcoin has gone beyond the price chart that will return to 20k or below and think that the price candle has been burned long ago and we can't return to that region again not now.

[JoyMarsha]

As for this month and the next month, I can't tell what the price of bitcoin may be. Whether am to see bitcoin fall to $20k or keep maintaining this momentum price of $23k + price to $25k price. In any case, I believe that the price of bitcoin will continue to rise rather than decline below $23k to $30 by the conclusion of the second quarter of this year. The first and second quarters of this year are the correlation stage of bitcoin price($23k-$30k)

[virasog]

I think we might hit $30K before $20K. Reason why is because we got bad macro news for the past few weeks and you need to wait until it blows over. We had high unemployment, high CPI and high PPI. So it’s normal for the markets to react this way.

Now unless something major happens, I think it will blow over and start to rally again. I am pretty sure another fed hike is getting priced in. Maybe 50bps or so. So in a couple of weeks we might resume this upwards trend again.

It's really hard and difficult to predict whether bitcoin will go to 30k and beyond first or dump down again to 20k and even below that price . By the way I believe that if bitcoin reaches 30'000$ then we may not see 20k ever.

There is a strong resistance at 25k and price has tested it three times in last few weeks but unable to break it. Even though we have all these positive news and economic numbers, the selling pressure is dominant over the buying pressure.

[ethereumhunter]

Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.

Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.

The price is down a lot given the past ATH, but relative to the past bottom around 15k bitcoin is still trading high. If the support around 20k breaks, we could see bitcoin around 15k again. But I hope that doesn't happen again and 30k is a magnet. But something tells me that 20k will happen sooner.

It is true that the price drop is still relatively higher than the previous lowest price and at this time, the price can return to the $ 24K level. And hopefully, after yesterday's correction, the price can continue to rise to $ 30k. We are all still waiting for the price to increase step by step and enjoying the ups and downs of Bitcoin prices while trying to accumulate more bitcoin.

Eventually, bitcoin fell to $23k but I hope bitcoin price can stay there. It looks like this week, the market movement will be more frequent ups and downs and we have to be prepared for that. But it still seems too difficult to reach $30k by the end of the month or next month but hopefully, the price can achieve that in the next month.

Maybe support is still between $20k-$22k but if market conditions continue to decline, support could release it for a while to back up the lower price so it doesn't continue to fall. It is time to add more bitcoins as the price has decreased quite a bit.

You want to stay it on $23k? But what about a recovery and an increase? You don't like it? But like it or not, the price can still go on its own and there is no way for us regular individuals to stop it. I check the price and it have recovered on $24k now. This is great because it seems that it will continue to move forward to $26k and onwards because $25k is already broken.

Thanks for reminding people to be prepared but I think they are already well prepared now. Before we entered the year, many people have already stocked a lot of Bitcoins with them and they are now waiting for the bull run to arrived.

Of course, I like recovery and improvement after correction because I can return to profit if the price can turn around. The price can survive at $ 23K, not decrease too deep, and remain at $ 23K. And it turns out it is true. The price remains at $ 23K and after that, the price has increased again to $ 24K, as we saw yesterday. And the current market situation seems to start to improve and looks ready to penetrate a higher price.

Hopefully, they are ready now and already have a lot of Bitcoin accumulated since the lowest price yesterday. Yes, we are still waiting for Bull Run to arrive but we can buy Bitcoin again.

[G_Besar]

I think maybe bitcoin will bull to $30 in anytime from now and,even me too praying, let bitcoin rise to $26k, if Bitcoin rise to$26k.Bitcoin reach $30k and if he blow $24k to $21,and  it will go to $20k. One thing if Bitcoin reach $20k am not going to sell Bitcoin.But Bitcoin will be bull in the cap,so am expecting Bitcoin to rise to $30k in this week,for me to be rich.

In the first sentence you say Bitcoin will go up at a price that doesn't make sense because the price you said in the first sentence was the price when Bitcoin was just born. And for now, especially this month you can expect Bitcoin to be priced at $26K because such a price seems much more logical for Bitcoin to go to than you would expect $30K to be in this week just so you can get rich in no time.

[bitterguy28]

aiming for 30k , I believe we will be seeing this in a couple of weeks or at least in before this month ends?

February shows us how good bitcoin can be and also I am watching for this at least since January but the movement now seemingly will be bringing me more profitable month that the last.

and also the votes seems to be a growing for 30k.

[TravelMug]

aiming for 30k , I believe we will be seeing this in a couple of weeks or at least in before this month ends?

I don't think we can reach $30k at the end of the month. Selling pressure is still there and all technical indicators tell us that we should be fluctuating around $23k-$24k.

February shows us how good bitcoin can be and also I am watching for this at least since January but the movement now seemingly will be bringing me more profitable month that the last.

and also the votes seems to be a growing for 30k.

Yes, February is good but not as good as January. Currently the price is still on the resistance, it can get over $25k.

So really hard to see where we will end up at least this February, hopefully we can't go to $20k.