Bitcoin can do 30k$ this month?

[carlisle1]

We are still at the middle of the months of april and btc is already 28k$ so it is possible or it has a big possibility that it will go 30k$ price because we are almost there 28k$ is not too far from 30k and we start the year with a good market so maybe we are not far from bull run season.

Right now it's already reaching $29600 almost hit $30 and still moving forward, if support will hold then we might reached
$30K maybe within the day or two.

Lucky to those who are doing some leverage there's a good amount of profits for traders who did trust Bitcoin to be more bullish this week.

Still, lots of things that can happened, traders and investors still need to be more careful always do your DYOR.

[n0ne]

We are still at the middle of the months of april and btc is already 28k$ so it is possible or it has a big possibility that it will go 30k$ price because we are almost there 28k$ is not too far from 30k and we start the year with a good market so maybe we are not far from bull run season.

Right now it's already reaching $29600 almost hit $30 and still moving forward, if support will hold then we might reached
$30K maybe within the day or two.

Lucky to those who are doing some leverage there's a good amount of profits for traders who did trust Bitcoin to be more bullish this week.

Still, lots of things that can happened, traders and investors still need to be more careful always do your DYOR.

The price has crossed $29600 and the market is bullish. This makes people believe in the growth of bitcoin to go further and test $30k. Based on experts choice it is quite hard to breach and stabilize above $30k. It is predicted that the market will test and fallback if there is no good support and move around $28k. If some positive news rolls around this could test $30k and could reach the next barrier of $35k at the earliest. Along with bitcoin most of the altcoins have got similar market movement.

[tiCeR]

I have been trying to find out whether there was a certain event that triggered this pump? I only read that Coinbase is integrating Lightning network, but I didn't know that this is such a big deal and also that this hasn't happened yet. I didn't pay very close to attention to that.

As Coindesk said: "the cause of the move was difficult to pinpoint"

I definitely liked this headline



and it does make sense as in one other article it was also stated that more investors get into Bitcoin because the custody risk doesn't exist. Or it does exist because they could lose their coins due to making mistakes, but banks going bankrupt is on their radar now as a real threat to their assets. The time will come when less banks get bailed out and then you can potentially lose a big part of your portfolio in a single move. Bitcoin is the way to go then.

[Dave1]

^It's because there are rumors that the FEDS might cut the rate hike or a report might be published indicating that inflation dropping.

And if this is true, then it will be a respite to all markets, traditional and crypto and make a huge price increase. The spike right now is just a respond to this news. So imagine what will be the gains if CPI next week will be positive. I will speculate that we might be looking at least $31k tops with this latest bull run that we are going to see.

[LogitechMouse]

Well, it's a surprise for me that it reached the $30,000 just today.


I mean it wasn't really a surprise, but to see Bitcoin surpassing that price after moving sideways for almost a week made me surprised. It seems like the bulls got the control already over the bears.
I guess congratulations to those who bought Bitcoin at a lower price. I see $30,000 as a psychological resistance, so I expect that after this unexpected price increase, the price will go down below $30,000 again. Just my speculations.

Anybody who can share why this happened? Any news? Or it's just that investors bought and nothing more.

[Don Pedro Dinero]

Well, it's a surprise for me that it reached the $30,000 just today.
<...>
Anybody who can share why this happened? Any news? Or it's just that investors bought and nothing more.

I don't think there is any special reason. This price is quite normal for this point in the cycle and the rise has been quite sustained. It does not look like a spike caused by a specific event or news. We are simply slowly recovering from all the cascading leverage liquidation that took the price to sub $20,000 levels for quite some time.

[DevilSlayer]

Well, it's a surprise for me that it reached the $30,000 just today.


I mean it wasn't really a surprise, but to see Bitcoin surpassing that price after moving sideways for almost a week made me surprised. It seems like the bulls got the control already over the bears.
I guess congratulations to those who bought Bitcoin at a lower price. I see $30,000 as a psychological resistance, so I expect that after this unexpected price increase, the price will go down below $30,000 again. Just my speculations.

Anybody who can share why this happened? Any news? Or it's just that investors bought and nothing more.

Actually there is no news that considered as catalyst for the price of the bitcoin to go above $30,000. I can only say that the current sentiment of the BTC is postive wherein we can officially say that we are now in bull market, there are no panics in the market anymore and there are a lot of indication especially when it comes to bitcoin volume that there are huge investors who keep buying bitcoin for them to get more positions as much as they can. I've been anticipating it when this year started, my bias and predictions are really correct. The consolidation that the bitcoin did is considered as good because it earned momentum that can help for its price to breakout. The currenct price of bitcoin is around $30,000. My bias for today is that the bitcoin will test the new support at $28,900, if the price of the bitcoin will hold in that area. We can only ensure that the bull market is really strong for this year.

The next major support will be at $32,000, there is a high chance that we will see a retracement once the price of the bitcoin touch this level. For those who doesn't have yet bitcoin or other crypto, it is now the best time get bags of it because we are still in the beginning of the bull market where it is considered as the best time to acquire different assets especially if we do not want ourselved to miss out a lot of opportunities for this year. Get as much as positions as you can but make sure that you have a concrete and solid plan that will guide you and help you to achieve your goals.

[Sebas.tian]

Price of Bitcoin just hit $30,000 few hours ago, showed that before the end of this year 2023 both long term and short term investors will definitely experience $50,000 for them to recover from their losses. It was a great celebration when the price of Bitcoin hit $30,000, because many investors has been expecting the price to increase to that amount before they can sell to make a good income. I don't think, the price of Bitcoin will decrease to $20,000 this year because the bullish season is almost here for those that invested some years back to use the opportunity to achieve something special from their investment.

[BALIK]

Price of Bitcoin just hit $30,000 few hours ago, showed that before the end of this year 2023 both long term and short term investors will definitely experience $50,000 for them to recover from their losses. It was a great celebration when the price of Bitcoin hit $30,000, because many investors has been expecting the price to increase to that amount before they can sell to make a good income. I don't think, the price of Bitcoin will decrease to $20,000 this year because the bullish season is almost here for those that invested some years back to use the opportunity to achieve something special from their investment.

Yes, finally, bitcoin hit $30k, which we were expecting in March but didn't happen. We have every right to expect even higher highs in the coming days, but don't be too subjective that bitcoin will not be able to fall back, falling below 20k is very difficult but not impossible, so be careful.

If we believe that the 4-year history will repeat itself, then we are only halfway through the bear season, which means they are far from the bull season. So I will be careful even though we are having a green season in the market.

[onecall123]

Well, it's a surprise for me that it reached the $30,000 just today.


I mean it wasn't really a surprise, but to see Bitcoin surpassing that price after moving sideways for almost a week made me surprised. It seems like the bulls got the control already over the bears.
I guess congratulations to those who bought Bitcoin at a lower price. I see $30,000 as a psychological resistance, so I expect that after this unexpected price increase, the price will go down below $30,000 again. Just my speculations.

Anybody who can share why this happened? Any news? Or it's just that investors bought and nothing more.

I'm thinking BTC will be going up too for a quite a while, although it could dip again or remain steady. I think the world is now recognizing the value of BTC especially in light of discussions around dedollarization and CBDC talk.

BTC investors get some relief because break out $30,000 finally.
It will go up. Then go down again. Then up. Cycle will continue.

[irhact]

Right now it's already reaching $29600 almost hit $30 and still moving forward, if support will hold then we might reached $30K maybe within the day or two.

Finally the price cross $30k for the first time since it dump, the price is still struggling to maintain the $30k price as I checked the market few minutes before writing here and Bitcoin is just few dollars above $30k. I don't think it can hold unto this price until the weeks ends. The price might dip a little to below $30k but it would recover back quickly.

This price is a very good news for the market and altcoins are already pumping due to this news of Bitcoin reaching a new high from the bear market low. With $30k reached, do we think we can expect the price to reach $35k before the end of the month or should we be expecting some major correction?.

[Joshapat]

Today the price has reached $30k and almost a year back to the $30k level, hopefully the price will continue to rise and this year it can reach at least $100k, I believe today many are panic buying because more and more are optimistic that the market will continue to rise, and I'm glad I still managed to buy around $140 when it was $28k, but I'm not going to sell now as the potential price looks like it will continue to go up.

[Sayeds56]

Bitcoin was in a downtrend for long, which means that the current price levels are not representing a fair price anymore. We will see if downtrend is reversed and we can return to normal levels 30-40k

It is correct that Bitcoin experienced persistent downtrend during the year 2022 but market began getting better in the 1st quarter of 2023 when FED revisited its monetary policy, and consequently  interest rates were increased at a lower rate due to decrease in CPI, and this development generated  positive sentiment in stocks and Bitcoin markets.

As of now, Bitcoin has started showing its real color and yesterday its price soared more than $1000 and currently it is trading around $30,170 which exhibits positive sentiment of market.

[19Nov16]

The bear market is over, it's time for us to have a vacation or do what we like, I'm sure this month the price will continue to rise and can touch at least $40k, don't check the price too often, better focus on the goal of getting big profits.

[dragonvslinux]

Right now it's already reaching $29600 almost hit $30 and still moving forward, if support will hold then we might reached $30K maybe within the day or two.

Finally the price cross $30k for the first time since it dump, the price is still struggling to maintain the $30k price as I checked the market few minutes before writing here and Bitcoin is just few dollars above $30k. I don't think it can hold unto this price until the weeks ends. The price might dip a little to below $30k but it would recover back quickly.

Personally I wouldn't say it's struggling to hold $30K, bears are struggling to push prices lower right now. All I see is consolidation at the highs for the past 12 hours. Personally I'm more inclined to think that price will push higher towards the top the potential resistance range (previous support) around $32K, maybe even $34K if we see a continued breakout. Given the weeks of consolidation, there can be the momentum.

This price is a very good news for the market and altcoins are already pumping due to this news of Bitcoin reaching a new high from the bear market low.

Bare in mind that while altcoin prices are increasing, they are generally failing to keep up the with Bitcoin, similar to the 2019 recovery. Bitcoin's market dominance is now breaking above it's 2 year range.

With $30k reached, do we think we can expect the price to reach $35k before the end of the month or should we be expecting some major correction?.

As I said I think $32K / $34K is realistic for the month. I'd expect price to go a bit higher before a pull-back, as since the consolidation below $29K, price has only so far increased by 5%. Also after yesterday's strong Daily close, the move to the upside into the $30K range doesn't look like a fake-out to me, even if not supported by strong volume. This likely means there is more volume to come, that is more likely to be bullish.

Either way, now that price has reached $30K it looks like $25K could well act as new support if we see a correction in the coming days. It was previously strong resistance that should theoretically turn into new support, even though it wouldn't be particularly a big correction at only -15% (compared to the -20% from $25K to $20K that remained bullish). Either that or more of -24% correction to $23K where we saw a lot of volume.

[famososMuertos]

OP, the question was not if this Month (or whichever)... after the first third of the year, the question was; it will happen this year, because it was getting difficult, let's hope the price sustains (difficult,!,?) and we begin to level the 30k "floor".

It is interesting to say that since Jun 10, 2022 ($30,110 source: CMC) that 30k barrier it had not been overcome.

[ajiz138]

Yes, finally, bitcoin hit $30k, which we were expecting in March but didn't happen. We have every right to expect even higher highs in the coming days, but don't be too subjective that bitcoin will not be able to fall back, falling below 20k is very difficult but not impossible, so be careful.

We still believe in the history of the 4-year cycle, we don't conclude that it will be a full bull this year there will be a little resistance to bearish but for the halving ahead, we can estimate that prices have started to rise again to their peak.

If we believe that the 4-year history will repeat itself, then we are only halfway through the bear season, which means they are far from the bull season. So I will be careful even though we are having a green season in the market.

This is a new point because bitcoin has reached the price predicted in the previous month but there is still some hope that in the future the price can exceed now and after that it will correct again so don't be surprised when it reaches $30k then returns to the price all because this often happens in the previous few months, we have to prepare when the price starts to fall again.

I think the year when it reaches $50K is already a good target whereas if it exceeds the desired level in the following year then history cycles faster, but from us in 2025 is the right time of year to be truly bullish.

[btc_angela]

OP, the question was not if this Month (or whichever)... after the first third of the year, the question was; it will happen this year, because it was getting difficult, let's hope the price sustains (difficult,!,?) and we begin to level the 30k "floor".

It is interesting to say that since Jun 10, 2022 ($30,110 source: CMC) that 30k barrier it had not been overcome.

And with that, this is the highest we've been since last year, and it's good to see that we are back in this range. However, I'm still not confident that it will sustained or maintained this price. It's a short burst to $30k, I wanted to see a slow price movement. And from as high as almost $30,500 now the price is around $30,100.

So let's see how it goes, for sure majority of us has been caught by surprised by this sudden increased in price and could have been selling at this price to get instant profit as we've almost double the lowest low of $15,500 last November.

[eaLiTy]

~
I have been trying to find out whether there was a certain event that triggered this pump? I only read that Coinbase is integrating Lightning network, but I didn't know that this is such a big deal and also that this hasn't happened yet. I didn't pay very close to attention to that.

The main reason is the declining trust of the US dollar and people are scrambling to find safe heavens and BTCitcoin is one set asset that will gain momentum during uncertain financial conditions and the failure of US banking sector proves the importance of having a decentralized financial system and more people are identifying them and hence more investment are coming into this sector.
Integrating LN to a CEX is definitely not the reason for the rally

[tiCeR]

~
I have been trying to find out whether there was a certain event that triggered this pump? I only read that Coinbase is integrating Lightning network, but I didn't know that this is such a big deal and also that this hasn't happened yet. I didn't pay very close to attention to that.

The main reason is the declining trust of the US dollar and people are scrambling to find safe heavens and BTCitcoin is one set asset that will gain momentum during uncertain financial conditions and the failure of US banking sector proves the importance of having a decentralized financial system and more people are identifying them and hence more investment are coming into this sector.
Integrating LN to a CEX is definitely not the reason for the rally

Yes I know but since the jump in price was so sudden I thought that some news must be circulating that have caused that instant price appreciation. But it seems that the market still is a bit careful given that we have so many proofs now regarding bank failures in the US as well as in Europe. If market participants were to unanimously consider Bitcoin the safe haven shouldn't we already be experiencing much stronger bull market sentiment?

Right now it does look healthy and it is all good, I guess nobody can complain unless you are still trying to build you stack, but does the crisis first has to hit hard before more people start to shift part of their assets into Bitcoin? Everybody should know by now how that can end as we have seen in the past.

The jumps in price are still relatively moderate compared to what we have seen in the past. Although it comes to my mind that this might be much healthier than a frenzy like we have seen it in 2017 and 2020.