Bitcoin breaking the biggest limit since match price push

[Ojima-ojo]

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.

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[philipma1957]

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.

Mostly chatter. The game of chicken is CPI and Fed Rates against inflation.

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

It is obvious that many are upbeat which is why we push up near that CPI date.

[Oshosondy]

All we have been seeing is showing that bitcoin may get to over $30000, but this leaves many people in confusion if bitcoin will get to $30000 and start decreasing. But as to how I think about it, bitcoin is going to stay bullish for long time before going bearish. I believe bitcoin may go bearish one more time before halving, but it will still remain bullish this time.

[stompix]

Mostly chatter. The game of chicken is CPI and Fed Rates against inflation.
We get CPI number in a few days. which determines what fed will do.
It is obvious that many are upbeat which is why we push up near that CPI date.

Same pattern, the push right now is the same as in the last two months, seems like a lot of betting is going on the numbers, and everyone expects positive news, probably if it weren't for that oil bump things would have looked a bit more clear, but right now it's again 25 points probably.

Anyhow, speaking of US data, saw something funny about the job data released a few days ago:
U.S. economy adds 236,000 jobs in March as labor market stays strong
US adds 236,000 jobs in March as labor market weakens
So yeah, this volatility despite a 70-80% chance of 25 points starts making sense when two people look at a duck and say it's a goose or a swan.

[ShowOff]

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.

$30k is increasingly looking real to me regardless of the current state of the economy. Today the price looks up and broke the $29k resistance, but I really want $29k to hold through April. Of course there has been a lot of speculation about the price bitcoin might reach over the course of April, but I think $35k is still a hard to reach if a lot of people are pushing for more selling. We are currently into 4 months of increase since January 2023 and hopefully that will continue for the next few months as well.

[pixie85]

I've seen some predictions last week and many analysts (I think one the more popular ones was Michael van de Poppe) claimed that if we go towards 29k resistance again, we'll break it to the upside and this is exactly what happened. This proves that there's a very strong and significant pressure from the buyers and that no outside manipulation like the selling of coins by US government can change this.

It looks like the next step is 30 thousand.

I think that many people keep thinking what they should do and if this trend is going to continue. I advise you look at the moving averages. Usually when bitcoin goes above the 200 MA it changes the trend from bearish to bullish. For the first time in many months we're above the line. In fact, since July 2022. This is an important indicator that you should not ignore.

[_BlackStar]

I've seen some predictions last week and many analysts (I think one the more popular ones was Michael van de Poppe) claimed that if we go towards 29k resistance again, we'll break it to the upside and this is exactly what happened. This proves that there's a very strong and significant pressure from the buyers and that no outside manipulation like the selling of coins by US government can change this.

It looks like the next step is 30 thousand.

I think that many people keep thinking what they should do and if this trend is going to continue. I advise you look at the moving averages. Usually when bitcoin goes above the 200 MA it changes the trend from bearish to bullish. For the first time in many months we're above the line. In fact, since July 2022. This is an important indicator that you should not ignore.

So far it seems that the price prediction is in accordance with the reality in the market. The bitcoin price has managed to break through the $29k resistance which is likely to reach $30k in some time. Great start to the week for bitcoin but anyway the hardest thing right now is keeping the price above $29k let alone expecting it to be new support for bitcoin price.

Right now the bitcoin price is trading at the exact same price as it was on June 11, 2022, if this trend continues then $32k can be expected. Early bullish may have been made, but let's see how far this trend going on.

[Ojima-ojo]

All we have been seeing is showing that bitcoin may get to over $30000, but this leaves many people in confusion if bitcoin will get to $30000 and start decreasing. But as to how I think about it, bitcoin is going to stay bullish for long time before going bearish. I believe Bitcoin may go bearish one more time before halving, but it will remain bullish this time.

BTC have struggled severally to achieve the $30,000 price benchmark mark against what was popular speculation around January this year we heard a price run off that point to that direction in January but February through match has been steady movement even though Bitcoin hardly make 3% price increase at each point of bitcoin price chat all through those months,  there is no doubt that it was within those months that Bitcoin managed to make a steady recovering to $28,000 and now $29,000+

This is significant enough to let us anticipate the $30,000 price benchmarks soon as Bitcoin has to build a stronbuildistance around the current price.

[Ndabagi01]

This is significant enough to let us anticipate the $30,000 price benchmarks soon as Bitcoin has to build a stronbuildistance around the current price.

The resistance limit bitcoin held onto throughout the month of March is positive. I was expecting a breakthrough to $30,000 but it didn’t happen. We are already getting to the middle of this new month, seeing the price moving and maintaining the $28-$29K+ limit, a $30K is most likely possible before the end of the month. But more bearish time is still coming ahead before the bitcoin halving takes place.

[Franctoshi]

Mostly chatter. The game of chicken is CPI and Fed Rates against inflation.

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

It is obvious that many are upbeat which is why we push up near that CPI date.

Exactly, I guess so too , Today is Monday and we've gotten such rally, I do think on before the CPI data release that Bitcoin price will manage to reach $30k level, And the report would also determine whether we would continue to move up side or get a short term pull back. However,  I want to get some Bitcoin at a bit discount price, So I would love to see Bitcoin get a price correction towards 25k, so that my orders can get filled, I have buy orders at 26K, 25k,24k,23k, and 22k.

[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.

Like, I know that it's possible and bitcoin is too volatile that it can go as high as it can and go down more than what we're expecting. But realizing the situation now and cycles, it's very unlikely that we may see that falling on that price ever again.

[philipma1957]

Mostly chatter. The game of chicken is CPI and Fed Rates against inflation.
We get CPI number in a few days. which determines what fed will do.
It is obvious that many are upbeat which is why we push up near that CPI date.

Same pattern, the push right now is the same as in the last two months, seems like a lot of betting is going on the numbers, and everyone expects positive news, probably if it weren't for that oil bump things would have looked a bit more clear, but right now it's again 25 points probably.

Anyhow, speaking of US data, saw something funny about the job data released a few days ago:
U.S. economy adds 236,000 jobs in March as labor market stays strong
US adds 236,000 jobs in March as labor market weakens
So yeah, this volatility despite a 70-80% chance of 25 points starts making sense when two people look at a duck and say it's a goose or a swan.

I will tell you this the Fed can do 0.25 over and over and over again, but I do not think they will do more than that which translates to:

0.25 May
0.25 June
0.25 July

then a cut? or a flat in Sept

Which all translates to a  massive btc rally in fall. or not

[hatshepsut93]

I'm wary of this recovery, the halvening and the bull run that comes after it are still far away, so the market can still reverse and have a correction. If we look at the previous cycle, Bitcoin recovered to $10-11k, which was 50% of the peak value, but then crashed again before the new cycle started. If something similar happens now, we can fall to $18k again in this year. That's if the previous pattern still holds, which might not be the case anymore.

[Baofeng]

$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.

[bettercrypto]

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.

Last night before I went to sleep I saw that the price of bitcoin was around 28450$ each, and now it is at 29600$+ now, just a little bit and one is close to read 30k$. It's rising slowly but surely.

     Probably this day will not end when it is possible to reach 30k$ per one bitcoin in the market? Whatever the reason is, I don't know yet, but the only thing I can say is that this is a good sign for our bitcoin holders.

https://www.binance.com/en/trade/BTC_USDT?theme=dark&type=spot

[STT]

The majority of it is perception, nothing is absolutely accurate but people fear a central bank as big as the Federal reserve and the sharp effect that Dollar as a global reserve currency can have.   Add in greed and leverage and its distortion to whatever is already a clouded view.   Statistics are of variable accuracy and bias, the measure and actions of the FED and Dollar itself are variable, in fact economies exist far outside of measurement and official currency flows.  Like the world at large overall, we do not see everything that matters so quite a large part is perception and fears vs hopes and attempts to profit.
  We'll continue to have inflation and dollar will lose value, the rate hikes are just an attempt to slow the roll of volatility but they cant cap it at this point imo.  BTC will continue to advance, it will move slower then some might want but its probably more important that development and price also is justified by actual gains not speculation especially on leverage.

I dont think they will want to cut rates this year though Im surprised they were able to raise this much . US treasury debt has been short dated in its average term last I checked which could be dangerous in its rate of change, cost of interest fiscally.

34k for BTC is top price for its ability to move before greater resistance.  It might be able to move further then that but would require more volume in order to do so, presumably that will take more time and development.  We dont move in straight lines normally.

[GreatArkansas]

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.

[Don Pedro Dinero]

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.

We are about to. 29,983.90USD as of now.

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.

And above all because we are coming from a big fall and we had already been at these levels. Now I would expect us to stay between 30 and 40 thousand this month. After such a long time at levels of $20,000 and below, it is appreciated.

We'll continue to have inflation and dollar will lose value, the rate hikes are just an attempt to slow the roll of volatility but they cant cap it at this point imo. 

In the medium and long term, they will not be able to avoid lowering rates and continuing to expand the money supply, so the price of bitcoin can only go up.

[Reatim]

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.

and today as we are talking here , finally Bitcoin broke 30k and this is what most of us looking for long time now, since the beginning of march we are all eager to have this opportunity and surely correction will happen any time soon as this breaking will be a chance for many to at least earn or recover from their losses in the bear market.

I am maybe one of those who are planning to sell at least half or 30% of my bitcoin before it finally dumped and buy once again when it rose up .

[adaseb]

Yes this week we get CPI and FOMC minutes. If we get sticky inflation we can head back down to below $30K and the stock market can go targeting 4000 SPX again.

The bond market changes its mind almost weekly. Now we got a rate hike priced in for May. Which is obviously not good for Bitcoin. And there are also bank earnings coming late this week and will be interesting to see what mess SVB has started.