Wiwo (OP)
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March 19, 2023, 09:43:03 PM Last edit: April 26, 2023, 08:15:32 PM by Wiwo |
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Bitcoin is currently at $28k+ which is quite exciting at the moment since we never expected such a break out at this time because the Fed and Sec have not really relaxed the policies to regain the value of the dollar by lowering the interest rate and other economic factors that will strengthen the value of the dollars against another global asset such as Bitcoin.
-But with the recent Bitcoin market behaviour and recovery it has become necessary for us to open up a short-term speculation thread to discuss the price of Bitcoin within the next seven days, what are your speculations for Bitcoin in the next seven days do you think Bitcoin will cross the 30k price before this time next week?
-What are your speculations let's discuss this since this will give us a better understanding and help prepare us for the journey ahead because Bitcoin is set for an unprecedented turn out of events.
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Baofeng
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March 19, 2023, 09:55:31 PM |
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Why not? as you have said $28k has been breach already and it seems that there's no stopping this so called bull run that we are seeing. And this week alone, we have gain so much that we have been breaking the biggest mental barrier that is $25k. And so that next stop is $28k, which is also reach by now. So we are looking like $30k for this week and if that happens then $32k at the end of the month. So it's within the possibility, the recent bank crisis in US is what really pushing individuals, investors or perhaps just average Joe putting their wealth into BTC and so there is FOMO. They are opting to a assets that can hedge their wealth and BTC is the only one option for them.
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CoinEraser
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March 19, 2023, 10:08:39 PM |
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Certainly it is possible that we will see the 30k$ in the next few days. But as you have seen, the price can fall again just as quickly. Above all, you cannot predict whether the current prices are sustainable and will remain stable. There is currently a lot of speculation and assumptions as to why the price is rising and whether it will continue to rise. Even though I'm happy about the price increase, I don't see a bull run ahead of us yet. Rather, I assume that the price will cool down again next month at the latest and the prices will fall again. But that's just my current opinion on the current situation. We will see in the next few days/weeks whether everything will turn out like this. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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aoluain
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March 19, 2023, 10:17:06 PM |
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Yes quite possibly $30k is achievable, I havent checked but I would imagine there will be a good bit of resistance just before that though.
This is also prime territory for long leveraged positions to get liquidated which will drive the market down....we have seen it before and its definitely coming, it might be over $30k though.
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Merit.s
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March 19, 2023, 10:29:27 PM |
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Bitcoin price is moving up bit by bit at as this morning, the price was 26+k but I just checked my wallet and I saw that the price has increased to 28+k with an approximately 3% high,breaking the resistance of 27k that it was yesterday night. This is a sign that the collapse of SVB and the other banks is adding value to bitcoin price since so many people are seeing bitcoin as an alternative means to safe their funds. Does this means that Bitcoin price can hit 50k this year even when it hasn't hit the bull run yet and we are still expecting bitcoin halving by next year. Bitcoin price might hit 30k this week or by the ending of this month.
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hugeblack
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March 19, 2023, 10:30:33 PM |
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Personally, I see that we need some correction first before we rise above $30,000, because it is a peak that, if we reach it, it will be difficult for the price to fall lower. It is true that the momentum is on me, but it has slowed down, and therefore we can rise above 30,000, but without a correction, we will not continue to rise for a long time. I'd prefer to be below that price for two to three months before healthy growth begins.
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ajiz138
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March 19, 2023, 10:43:35 PM |
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It is very possible that bitcoin could touch $30,000 in the near future because it is in a positive trend and this is the momentum that is waiting for when the recovery is still happening considering some reactions to the market which continues to increase and this is not least influenced by FUD which caused SVB bank and Swiss Credit be a threat, to me it is not.
I will just wait for another correction and that I will buy for a better opportunity, if it has decreased before to $30,000 it will increase even more after the decline then I will prepare to buy at the lowest point and see what situation will occur later.
But still the weekly DCA will run but when there is another correction, for example to $25,000, then I am ready to buy more in a lump sum way.
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Wiwo (OP)
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March 19, 2023, 11:01:47 PM |
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Personally, I see that we need some correction first before we rise above $30,000 because it is a peak that, if we reach it, it will be difficult for the price to fall lower. The momentum is indeed on me, but it has slowed down, and therefore we can rise above 30,000, but without a correction, we will not continue to rise for a long time. I'd prefer to be below that price for two to three months before healthy growth begins.
I agree with you on the correction speculations, by then we may possibly see a short-term correction, it may not last long and those who are waiting for the opportunity to buy the deep should be ready if not they can still miss the train before we cross the $30k price. -I feel that we already missed the deep when the price slid down to 19k in the last weeks before the current momentum started again, 30k is highly visible at the moment and we may not see any more noticeable slowdown in the price of Bitcoin going forward.
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Adbitco
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March 19, 2023, 11:08:07 PM |
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Do I say looking from the past history it doesn't obey the price movement meaning this year has it own actions towards the price, we may see a little correction otherwise 30k within the next few days is inevitable, is one thing for sure we must witness within this period but I am having this strong feeling it may possibly touches 35k due to the buying pressure before any corrections imo. However it's very hard to understand and predicts the true price of bitcoin.
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Woodie
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March 19, 2023, 11:15:04 PM |
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Am pretty sure we are all excited to finally see Bitcoin break the 25k barrier which seemed a little stubborn for a moment, but trying to get all time highs for the year 2023 done all in one week is a big ask tbh.
Besides with every break of structure ( break of a price barrier) what's always expected is price retracement and before the week ends .. price its likely to come down before the catapult effect gets back on to continue the bullish trend.
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serjent05
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March 19, 2023, 11:43:59 PM |
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Bitcoin is currently at $28k+ which is quote exciting g at the moment since we never expected such a break out at this time because the Fed and Sec have not really relaxed the policies to regain the value of the dollar by lowering the interest rate and other economic factors that will strengthen the value of the dollars against another global asset such as Bitcoin.
-But with the recent Bitcoin market behaviour and recovery it has become necessary for us to open up a short-term speculation thread to discuss the price of Bitcoin within the next seven days, what are your speculations for Bitcoin in the next seven days do you think Bitcoin will cross the 30k price before this time next week?
-What are your speculations let's discuss this since this will give us a better understanding and help prepare us for the journey ahead because Bitcoin is set for an unprecedented turn out of events.
If what I read bout the 4000 increment speculation on Bitcoin happens again, then we can see Bitcoin price crossing $30k since the next target would be $32k. But I think before this thing happens we might experience a small correction which may make the price pull back under $27k before surging to $32k. I hope that the 1-week time frame is enough for these price changes to happen. Hopefully the current news abouts speculation of Bitcoin reaching 1m will produce hype that will greatly help to make Bitcoin break the $30k barrier.
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STT
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March 19, 2023, 11:48:42 PM Last edit: March 20, 2023, 12:02:10 AM by STT |
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This month would be a nice target to estimate, 7 days from now would seem too soon but BTC can move like that. I would expect a sell off if BTC rises that much that soon. Its on trend so far, if we dont break that gradient or pace of gains then it would appear the 21st or 22nd would deliver the 30k price objective. I think its very possible we need to revise and redo pricing down to 25k again, to just keep gaining generally leads to lack of fuel, a stall and fall.
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GeorgeJohn
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March 19, 2023, 11:52:42 PM |
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The increase in bitcoin recently is not the final, the real question is that can it continue to accelerate without experiencing any kind of down fall, I believe bitcoin small increase is not strong enough to call for jubilation, because it shows that bitcoin can decrease today and increase tomorrow, as I stipulated in other threads that the increment in bitcoin is normal, but we can celebrate or be excited in bitcoin increase when is above previous bull run of last two years when bitcoin was 60k in price.
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Wiwo (OP)
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March 20, 2023, 01:41:25 AM |
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The increase in bitcoin recently is not the final, the real question is that can it continue to accelerate without experiencing any kind of down fall, I believe bitcoin small increase is not strong enough to call for jubilation, because it shows that bitcoin can decrease today and increase tomorrow, as I stipulated in other threads that the increment in bitcoin is normal, but we can celebrate or be excited in bitcoin increase when is above the previous bull run of last two years when bitcoin was 60k in price.
Bitcoin price volatility is normal since volatility is a primary feature of bitcoin, and this present price increase is normal since there is nothing that can be pointed to as the cause of the increase but then we can say that this was more expected considering the bitcoin market outlook since the beginning of the years 2023. -I am sure before the second quarter of 2023 is over we will know what the position of the market will be if it will continue with the recovery past or a full-blown bull run, we never can tell but let's keep our fingers crossed, and expect rhe best from the market for the time being.
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posi
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March 20, 2023, 03:00:10 AM |
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... I think its very possible we need to revise and redo pricing down to 25k again, to just keep gaining generally leads to lack of fuel, a stall and fall.
I also predict the same, bitcoin will not be able to continue straight to 30k even though the distance is not too far away. I think a correction to below $25k is needed before bitcoin bounces back, I also placed a buy limit order at $24k and expected my prediction to be correct. Next week, the Fed will announce the next rate hike, and if they decide to increase only 0.25%, as predicted will be a strong catalyst for the market in April. But if the unexpected happens, I'm afraid we'll see prices below $20k again.
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yhiaali3
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March 20, 2023, 03:12:03 AM |
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It is very possible that we will see 30k before the end of the week, I see that there is momentum in the market and the entry of new amounts of dollars, especially on Bitcoin, this new liquidity pushed the price higher.
Most likely, due to the bankruptcy crisis in the United States, the dollar will continue to flow from banks to Crypto, and this will give more liquidity to the market (there are at least $500 million that entered the market during the past week), so I expect to see significant gains in the coming period.
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LogitechMouse
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March 20, 2023, 03:27:39 AM |
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Look a bit on the daily chart of Bitcoin. RSI is on the oversold territories, but the MACD is still isn't crossing above the 0 level.
If we will just focus on this week, I think there is a very low chance that the $30,000 will be reached and if it will, it will go below that price immediately like what happened to Bitcoin when it tried to surpass the $25,000 price resistance. Well, it's only the 2nd day of the week, and many things might happen in the next days. Who knows. We might see another bank going down again like what happened a few weeks ago. We might see some more positive news that might make the price of Bitcoin pump this week.
However, if Bitcoin will reach $30,000 this week, I'm pretty sure that it will just touch it for a few hours then go below it again.
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Don Pedro Dinero
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March 20, 2023, 06:02:55 AM |
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Well, obviously, we cannot predict with certainty, but what is clear is that the possibility is closer than ever. Many people have become bullish about the Fed's liquidity injection that drove the price up, and it seems that the lack of confidence in the fiat system and inflation is what is going to make people take refuge in bitcoin despite the volatility. If we take into account the historical pattern (which does not necessarily always repeat itself) bitcoin will close this year in positive territory compared to 2022 and another thing that usually happens is a clear rise one year before halving, so it seems that we are in a scenario for rises, although I do not think that we will break the highs as some say until after halving. The price has gone up a bit and there are people predicting that we are going to the moon now. I don't think it's that big a deal.
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kro55
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March 20, 2023, 07:43:04 AM |
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Bitcoin is currently at $28k+ which is quote exciting g at the moment since we never expected such a break out at this time because the Fed and Sec have not really relaxed the policies to regain the value of the dollar by lowering the interest rate and other economic factors that will strengthen the value of the dollars against another global asset such as Bitcoin.
-But with the recent Bitcoin market behaviour and recovery it has become necessary for us to open up a short-term speculation thread to discuss the price of Bitcoin within the next seven days, what are your speculations for Bitcoin in the next seven days do you think Bitcoin will cross the 30k price before this time next week?
-What are your speculations let's discuss this since this will give us a better understanding and help prepare us for the journey ahead because Bitcoin is set for an unprecedented turn out of events.
I don't have a prediction on the exact time for bitcoin to hit $30k, but with what is happening, bitcoin will have a rally above $30k and possibly 40 thousand dollars, IMO. It is really difficult to say exactly when it will happen because it all depends on the macroeconomic situation. In light of the recent bank crash, the Fed pumping money and stopping rate hikes would be a move that would have a positive impact on bitcoin. The bankruptcy of banks is just the beginning, and shows no signs of stopping, and that will also be the driving factor for bitcoin.
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ethereumhunter
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March 20, 2023, 07:54:29 AM |
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I'm still not sure that the bitcoin price can increase very much in the next seven days because the bitcoin price now has become very wild and we can't predict exactly from the past. But if we talk about the medium term, there is a possibility that bitcoin could break through $30k or even higher. Maybe $30k can be broken at the month's or next month's end, and we can only wait for it.
I'm enjoying the current bitcoin price moment and still waiting and I'm sure people are still waiting like me. And I agree that we should prepare everything before the arrival of the bull run so that we can also benefit.
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