Bitcoin Price, Where Next

[Weawant]

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.

The movement of Bitcoin can go anyways nobody knows were the price will head, we can only be speculating as we're doing now and I'll have to side with those that believe the next steps is for Bitcoin to continue rising instead of falling as it did when the SEC lawsuit news came out.

This week Bitcoin price has risen so fast that it cross $30,000 in just few days, using the 1D chart you can see it rising from $24,800 to $30,800. It has been finding it difficult to keep rising and that's because we have a very strong resistance in the $30,000 price range.

The last time Bitcoin tried trading above $31,000 it wasn't successful as we saw previously when bitcoin reached that price back in March. I think this time around we'll be able to have enough momentum to pass the $31,000 price and keep increasing without Bitcoin retracing below $30,000 again.

[arufox]

Predicting with certainty whether the price of Bitcoin will experience further decline or further recovery in the future is very difficult because the cryptocurrency market tends to be highly volatile and difficult to predict. However, it seems that lately there has been a significant increase in demand so the price of Bitcoin has increased where it is currently back at $30k. Therefore, there is a possibility that the bitcoin price movement will continue and it is possible that at the end of this year, the bitcoin price has the potential to reach above $40k.

[pooya87]

This week Bitcoin price has risen so fast that it cross $30,000 in just few days, using the 1D chart you can see it rising from $24,800 to $30,800. It has been finding it difficult to keep rising and that's because we have a very strong resistance in the $30,000 price range.

This is always a good indication that there is a considerable about of "money" waiting on the sidelines to jump in. They are just waiting for a positive signal to begin "panic buying" and shoot the price up like this in a very short time. In fact what we saw here with the jump to over $30k has always been a very common trend in bitcoin.

I still wouldn't jump into calling this a rising trend though. Because in a way we could categorize this as the continuation of the sideways market (between $25k and $30k). However, if the momentum stays strong and we see more rises to break $31k and $35k resistances and start eyeing $40k this could be a different story. But we'll have to wait and see...

[yudi09]

-snip-

So what next are we going to witness a low price movement or more recovery that will place us on the verge of a market break out against the next year's Bitcoin halving and anticipated bull run which can come before the halving or after the halving with both having the percentage possibilities.

Whether it's a coincidence or not, the FTX story that made the market excited at that time seemed as if the story that had happened to Binance recently had no effect on the market price which had moved up when Binance failed in several countries.
Suddenly the Bitcoin price chart has increased rapidly to reach the price level of $30K since yesterday and still has a chance to last for some time to come at least until the end of June amidst the doubts of many people.

The appearance of the green chart in the last week of June grows our enthusiasm and optimism, which is very confident that the price of Bitcoin will be able to penetrate the target we expect at the end of 2023.

[doomloop]

It might be boring to say that sideways are the most likely during June and July, but I hope August shows something positive. Yes I expect a recovery around August to the end of the year, so the price will probably be above $30k in August.

Price swings are still very likely over the course of 2023, but I'm less likely to expect a big dump to hit the market. The SEC and a few other issues have had a negative impact on the market, but if the market is supported by institutional investors and a lot of large companies, then perhaps much more bullishness can be expected. I expect a lot of positives in the second half of 2023 especially when we are so close to the halving.

Don't worry mate, many of us are used to the boring feeling. We know that it was part of the hodling game and we are mostly long-term investor here. There will be down times in the market but there will also be a time for a recovery. It was only not possible to know their exact dates. We are now in June but 2 months of waiting for a great recovery must be enough time already so why not?

Price swings are always there in each year. ATM, the presence of the bear is still there but maybe I can agree with you that it won't lead to a bigger dump just like the last time. Despite of the negative news, die-hard crypto fans are still there. This is the reason why the price is still holding strong.

[STT]

Very positive action recently, has to be confirmed to be taken seriously but today has been a good price action day for BTC.   BTC has confirmed the 23.6% fib level for the ATH to the low last June.   In the last few hours we have held 29724 as a low and traded up to the current 30120.   If we continue do as much showing positives into daily bars and the weekly close on Sunday that would help the case for exceeding the prior highs of 2023 and building higher.
  I do think its a bit sudden, often volume must catch up with a wild price swing as we do need both to build properly and sustainably.   Anywhere above 200 week and 50 day has me far more optimistic then previously.

[globalpain]

Bitcoin has been very bullish at the moment it has managed to breakout from $30k and is likely to survive and will continue its bullishness this month,
I have seen many predictions that June will be good, and yes it has been proven.
if this momentum continues then Q3 will be a bullish month for cryptocurrencies and Bitcoin will surely ease into $50k again.

[Popkon6]

In particular, we must aim to move forward. It is normal for the Bitcoin market to go lower and higher but we need to be above (near) the 2021 Bitcoin price before the market moves in a mini bullrun with little momentum.
Because a little Bullran can refresh our mind and intelligence. Because the price of Bitcoin has been trending downward for a long time, we will move forward with this bullrun to close the door to the future halving. And so the momentum of the bull market continues.

[rojan]

Predicting with certainty whether the price of Bitcoin will experience further decline or further recovery in the future is very difficult because the cryptocurrency market tends to be highly volatile and difficult to predict. However, it seems that lately there has been a significant increase in demand so the price of Bitcoin has increased where it is currently back at $30k. Therefore, there is a possibility that the bitcoin price movement will continue and it is possible that at the end of this year, the bitcoin price has the potential to reach above $40k.

yes i also think it can go to 40k$ by the end of the year. but it is very difficult to know when the price of bitcoin increases and when it gets dumped. but when i invest in bitcoin the price of bitcoin is dumped a lot. again when bitcoins  Shortly after the sale, the price of Bitcoin began to rise.I don't understand that when I sell bitcoin price starts going up. So now I thought not to invest for a short time.  I would invest now and wait for a long time and sell when the price goes up.

[Jating]

Bitcoin has been very bullish at the moment it has managed to breakout from $30k and is likely to survive and will continue its bullishness this month,
I have seen many predictions that June will be good, and yes it has been proven.
if this momentum continues then Q3 will be a bullish month for cryptocurrencies and Bitcoin will surely ease into $50k again.

It just barely break the $30k price range though as it fluctuates from highs of $29k to lows of $30k, and so with that kind of movement, there is still a big resistance, a big wall in front of us.

Nevertheless, as shown previously, it can jump anytime if investors are going to be bullish and willing to pour their money because of so many positive news around. And just think of it, if just of those Spot ETF application was approved by SEC, the market will continue it's rally and could have another break out run to $35k. But a disapproval could also dampen the spirit of the market again.

[khiholangkang]

Predicting with certainty whether the price of Bitcoin will experience further decline or further recovery in the future is very difficult because the cryptocurrency market tends to be highly volatile and difficult to predict. However, it seems that lately there has been a significant increase in demand so the price of Bitcoin has increased where it is currently back at $30k. Therefore, there is a possibility that the bitcoin price movement will continue and it is possible that at the end of this year, the bitcoin price has the potential to reach above $40k.

Nobody really predicts correctly, because the price movement is very fluctuating as you say.
Even an increase of up to $ 30k who can predict this, in the midst of FUD circulating about the exchange that will get sanctions, and will have a negative impact on the market, but in fact instead it turns around.
If positive news sentiment continues, I think that not only $ 40k will be achieved by Bitcoin by the end of 2023, maybe we can pass the last ATH this year.

Another increase to $ 30k I never expected it, the effect of Blackrock and Fidelity is very useful for the increase in Bitcoin prices this week, Bitcoin moves from $ 25K to $ 30k not much time.

[kapalmabur]

Where next? of course BItcoin will go to $ 50k if the price of $ 30k can hold,
therefore we have to monitor it especially especially on weekends the volatility is higher,
if indeed this is not a bull trap then good news for the crypto currency market will arrive.

[dragonvslinux]

Personally I think somewhere between $50K and $60K is likely for the year, as long as price can get above $30K, otherwise I'd say a re-test of $15K to $20K becomes more likely.

My main reason behind this is the rounding bottom formation that has taken over a year to form, with confirmation above around $32K. This gives a target of roughly 100% increase, which while would actually be close to a re-test of the ATH around $64K, I think is more likely to fail a bit sooner, somewhere below $60K. This would also simply be "another" 100% increase over the next 6 months, which wouldn't be odd at all.

If this happens I think a return to $30K becomes also very likely, as a 300% increase over a year will likely be met with a 50% correction over the preceding 6 months, until the halving for example.

As I type, price is now at a new yearly high, as well as highest price in over a year.... so it's hard to be bullish about Bitcoin near future right now.

[RewFrew]

Fantastic Movement we are seeing. Bitcoin increase near about $6k within 2/3 days. Now bitcoin price hit $31000. Brazil’s largest Bank ITAU is joining National Association to Defend Bitcoin and crypto. So i think it will creat big impact in cryptocurrency market. I think Bitcoin price will $35000 within 4/5 days. And within this year bitcoin price will hit $50k i believe it. If all situation will positive then in 2024 Bitcoin price will hit New ATH i mean it will hit One zero zero zero zero zero. 

[beerlover]

Whether it's a coincidence or not, the FTX story that made the market excited at that time seemed as if the story that had happened to Binance recently had no effect on the market price which had moved up when Binance failed in several countries.
Suddenly the Bitcoin price chart has increased rapidly to reach the price level of $30K since yesterday and still has a chance to last for some time to come at least until the end of June amidst the doubts of many people.

The appearance of the green chart in the last week of June grows our enthusiasm and optimism, which is very confident that the price of Bitcoin will be able to penetrate the target we expect at the end of 2023.

I do not think that it was any story that made it go up, I think it was obviously the price being too low, so people said they believed it could be higher and that's why it went up like that. When the price goes too low, it is not that easy to make it go any lower, you need to sell a lot more to break down that wall and go lower, which does happen time to time but not all the time. Instead, it takes a lot less money to make it go up, and that's why it goes up, it's easier.

The market realizes this easily, and they keep doing it, if it's easier to go down one direction, it's very rare that it doesn't go that direction. Sometimes when a big news happens it might, but it has to be something very major to make it go down that road that is harder.

[Semar Mesem]

After the price can return to $ 30k I'm optimistic that July can reach at least $ 35k, the upward trend will continue due to positive sentiment in the market, the initial panic when the issue of Binance experiencing a crisis was not proven so that investors were even more optimistic to continue buying.

[fuguebtc]

After the price can return to $ 30k I'm optimistic that July can reach at least $ 35k, the upward trend will continue due to positive sentiment in the market, the initial panic when the issue of Binance experiencing a crisis was not proven so that investors were even more optimistic to continue buying.

In April, when bitcoin crossed $30k, and everyone was optimistic, all believed bitcoin would break $35k to conquer the $40k target. But in the end, bitcoin remained below $30k for 2 months, and today, we could see $30k again. But it looks like bitcoin cannot sustain above $30k if we look at the chart now. My expectation is bitcoin will correct below $30k before rebounding and surpassing $32k in the coming weeks.

Many people say that people are being very optimistic, but in my opinion, people are still very cautious with everything. Bitcoin has been bullish for the past few days, but if you check the market, you won't see any new money flowing into the market, with ETFs, bitcoin's price increase is because of the flow of funds from altcoins. So I don't think this bullish can sustain for long.

[Ngemmeng]

a few days ago the price of bitcoin rose dramatically and maybe that price increase is also a sign that the SEC issue is over. my instinct says if there are no more issues like this then the price of bitcoin will continue to rise because more and more people are buying in preparation for a bullish welcome in 2024.

[GreatArkansas]

After the price can return to $ 30k I'm optimistic that July can reach at least $ 35k, the upward trend will continue due to positive sentiment in the market, the initial panic when the issue of Binance experiencing a crisis was not proven so that investors were even more optimistic to continue buying.

$35,000 is always possible here but I want to make it more healthy like there must be some price correction along the way.
That's why I believe we will still visit below $30,000 or worst $25,000 before visiting the $35,000 price. We still have a lot of time before the end is left.
We are kinda oversold right now, we saw that huge pump to above $30,000 easily.

[LogitechMouse]

Bitcoin might stay above $30,000 and will go sideways to around $30,000-maybe $40,000 this year, or Bitcoin might go below $30,000 and might reach the $20,000 price again.

Like what happened in 2019, the market is kind of boring because most of the time, it goes sideways. The only good thing about what's happening is that, it is creating a higher lows like what we are seeing right now. I don't believe that we are in a bull market this year now, but I think we are still in the accumulation phase where investors are slowly accumulating Bitcoin in preparation for the bull market that "MIGHT" happen a few months after the Bitcoin halving which happens next year.

The price of Bitcoin might get affected by the decision regarding the Bitcoin ETF filed by Blackrock, and TBH it might go both ways. I just don't know why I feel a bit bad about the acceptance of a Bitcoin ETF from Blackrock (assuming that it will get accepted).