BTC price hitting 30k twice this year.

[btc_angela]

Still find it hard to understand that ETFs still stir up quite a bit of corporate fomo. I won't claim to have the same opinions as the few back in 2017/18 -- but have always held that all the speculation about "institutional interest" being a major driving force behind a sustained bull for Bitcoin is already disproven.

Don't even remember the names anymore but each time something big has finally coughed up, the reaction has been a whimper. Big money, old money, these didn't wait around for ETFs.

And yes, the bigger picture? None of this affects Bitcoin beyond the (temporary) reflection on its (trading) market and derivatives of.

Yeah, we still remember the CME or CBoE or even Bakkt hype around 2017-2018. It just FOMO and it didn't have any effect on the market. I mean the market moves as it is, bear market - price going down, bull market - price going up regardless of this institutional news or now.

So one lessons we learn is that it doesn't matter though, maybe it will have a temporary effect on the market, but once everything settled down, we are back to the normal flow, and speculation as to where the price would be short or long term with or without this money from institutions. The driving force is still with us, average joe retail investors.

[Popkon6]

The price of Bitcoin has been running upwards for several days. 25k has been dragged down for a long time and from there touched $31 thousand at the present time. But I think we're going to stay under the shadow of a Bitcoin bull market. Meanwhile, Bitcoin halving is only 297 days away, so we can see the increasing price of Bitcoin. I don't think the price of bitcoin will go down because everyone is ready to invest now because of which the price of bitcoin has completed high speed will be more. I can see the price of bitcoin going up and up to 35-40k this time.

[kotajikikox]

Bitcoin price is on it again after a few drop in price at around 25-26k, but hitting the price value of 30k again as it did sometime April this year. What I describe as a gleams of the prospective light at the end of the tunnel of the year 2023.

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

not only that mate because in 24 hours bitcoin broke 31k again and almost 31,500 dollars to be exact

Price performance
24h
Low
$29,927.28
High
$31,389.54


https://coinmarketcap.com/currencies/bitcoin/

so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

[laurenB7742]

The price of Bitcoin has been running upwards for several days. 25k has been dragged down for a long time and from there touched $31 thousand at the present time. But I think we're going to stay under the shadow of a Bitcoin bull market. Meanwhile, Bitcoin halving is only 297 days away, so we can see the increasing price of Bitcoin. I don't think the price of bitcoin will go down because everyone is ready to invest now because of which the price of bitcoin has completed high speed will be more. I can see the price of bitcoin going up and up to 35-40k this time.

The halving is a powerful catalyst for a bull market, but one thing that people overlook is that the bulls will only come a few months or a year after the halving, not immediately. We are still 297 days away from the halving, and that doesn't mean the bull season is exactly 297 days away.
If you look closely at history, we even had another big drop before the halving. I don't know if history will repeat itself, but it's not right to expect the price to rise as the halving approaches. There are many different factors that affect the market than just the halving event.

[taufik123]

-snip-
so now we are looking for one of the highest pump so far this year? and sign that there is more big uptrend to come before this year ends.

hope to see at least 50k before 2024 comes .

Touching $31k is the highest price for this year and this is certainly the strongest resistance.
See how the price is still stuck in the $30k price area.

Looking at the 1D Time Frame Bitcoin is in the Uptrend Console position, and if it is able to survive in the current position the bullish possibility will continue.
However, the possibility of continuing to $50k is still quite heavy, especially if there is further FUD that makes the market unstable.

But hopefully, $40k-$50k will be reached this year, and ATH will appear before the 4th Halving.

But if it is forced down, of course, there will be some corrections so that the market is not saturated and is currently Overbought.
The nearest correction area is at $28k-$27k support.

[Doubler Disburser 232515]

How far away from the next halving are we?  It might be a combination of factors such as business consolidating their half yearly positions by shifting funds around or investment groups seeing the $25k price and deciding to throw a few million in Bitcoin's direction.

[justdimin]

Well, a very optimistic prediction of yours. With or without that ETF that's being filed by Blackrock, Bitcoin is expected to surpass it's previous ATH maybe next year or 2 years from now.

Anyway, it seems like the ETF filing of Blackrock really pushed the price of Bitcoin to around $30,000 currently. TBH, I don't know the impact of having a Bitcoin ETF towards the crypto market because we haven't seen any ETF filed that has become successful in the past years, so I'd be excited to see what will be the after effects of this ETF "IF" it will not get rejected, but at the same time, cautious as well. I might hold some Bitcoins for short to mid term because most see this ETF filing as a positive news thus, price of Bitcoin is increasing.

It seems like the $30,000 is now the support.

I am not entirely sure if it was Blackrock that made it push this far, sure it looks like we are talking about a good thing here but not all good things have a good result in the crypto world. Sometimes it does well and sometimes it doesn't do all that well.

I think this one was one of the good ones that did well and I personally believe that blackrock doesn't have anything to do with the increase, sure it must have some small help here and there but the main reason was that people were done going down and it was much harder to go down, it required a lot more bitcoins to be sold, so we basically found our bottom and then it started to increase and go higher because of that. It's a good thing, we needed this increase for sure.

[Smitty Werben Man Jensen]

How far away from the next halving are we?  It might be a combination of factors such as business consolidating their half yearly positions by shifting funds around or investment groups seeing the $25k price and deciding to throw a few million in Bitcoin's direction.

329 days until the Bitcoin halving will start, don't worry we don't need to worry because it will definitely happen,
Bitcoin has also reached $30k this year and is likely to stay at that level and make a bullish pattern,
so if you have sold Bitcoin in the price was $ 25k yesterday better buy again.

[Lucius]

How far away from the next halving are we?  It might be a combination of factors such as business consolidating their half yearly positions by shifting funds around or investment groups seeing the $25k price and deciding to throw a few million in Bitcoin's direction.

Approximately 300 days until the next halving, although the exact date cannot be precisely determined since halving occurs after every 210 000 blocks, and blocks are created on average every 10 minutes.

Given that halving is something that has had a big impact on the price so far, there should be no doubt that many are acting on it when it comes to investing in Bitcoin. Although from a business perspective it always makes the most sense to invest when the price of something is lowest, and all those who invest now have missed this opportunity.

For small investors who will invest a few hundred or thousands of dollars that may not mean too much - but when you invest millions then the difference must definitely be noticed, because for what you invest in BTC today you could have got almost twice as much BTC 6 months ago.

[yudi09]

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

The signals are full of various analysis when the price increases which is very pronounced in the last week of June.
Of course I am very happy to see a sharp increase in the price chart and consider this something from a positive angle.
Sometimes I also think that this condition will not last long or only for a moment and will return to the price of $25K - $26K.

I hope this market situation persists and can increase towards the price of $40K although there will be another decline.
If it can last for the next month, then I will be very optimistic that $ 40K can be reached by the end of the year.

[Kemarit]

How far away from the next halving are we?  It might be a combination of factors such as business consolidating their half yearly positions by shifting funds around or investment groups seeing the $25k price and deciding to throw a few million in Bitcoin's direction.

322 days give or take, so it's a little bit under one year from now. It's the FOMO though, when there is news of institutions getting into the Bitcoin ETF like Blackrock applying for now, the price seems to zoom in to $30k++.

So it's not businesses consolidating, although institutional money has been in the market for so long. But this is different, everyone including retail wanted to jump and doesn't want to missed the opportunity that's why there is a huge shift in the funds for bitcoin as we speak and there could be more waiting from the outside, willing to jump into the market.

[Joshapat]

2 days ago the price was able to reach $ 31k although now it is down again, this fantastic increase at the end of June makes me optimistic that a bull run will happen soon, especially that big moments every 4 years will occur in early 2024 so there is no reason to panic when you see price drop, it becomes a great opportunity to buy a lot.

[Agbe]

Bitcoin price is on it again after a few drop in price at around 25-26k, but hitting the price value of 30k again as it did sometime April this year. What I describe as a gleams of the prospective light at the end of the tunnel of the year 2023.

This is not a bull sign but the normal movement of the market. When the bull sign movement will come we will still know and detect it.

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

when I saw the thread even I had not even read it but I just thought of it that the op would say " what is in your mind, what do you think? Well that is not withstanding, op your analysis is wrong. Not that I am criticizing you but what you said is wrong. Bitcoin price has not hit 30k$ at the first quarter of this year. From your statement, you said April and April is not first quarter again it is second quarter. If you don't understand the quarterly analysis of the year, I will tell you.
The 30+$ hit from second and third quarters of the year.

[BITCOIN4X]

For small investors who will invest a few hundred or thousands of dollars that may not mean too much - but when you invest millions then the difference must definitely be noticed, because for what you invest in BTC today you could have got almost twice as much BTC 6 months ago.

Market conditions have recovered compared to 6 months ago, but anyone buying now may still have other things in mind. It's true that they missed the opportunity to buy lower last year, but today bitcoin is still pretty low compared to its ATH. So I think even if they buy it now, they can also expect a worth itu return in the long term. After all investors investing in millions could also consider DCA, and at least that should help get them to buy at a lower average price.

[Weawant]

This is an indication that many believes we should be on a bull market and if this time Bitcoin able to break the resistance, we might see its price to actually reach the price of $40k. Let’s wait patiently and watch the market closely as this can still be a bull trap because the volume is not that much to support the pump. Though if you look at a weekly time frame, you can still a bullish trend with Bitcoin and its a good sign too.

Bitcoin hitting $30,000 twice this year doesn't mean we'll now see a bull market, it might be another bull trap and the market dumps with those it has trapped that bought the hype. $30,000 isn't a significant price to trigger the market into entering a bull run that'll see Bitcoin pump.

So many factors need to happen before we can enter another bull market that would see Bitcoin pump above it's previous all time high and also trade above $100,000. One of those factor is Bitcoin halving, if that hasn't happened I don't see the market pumping like it's in a bull market.

The spontaneous spike of Bitcoin doesn't mean the price is set to keep pumping but that's all we wish for as we have invested in Bitcoin and expecting the market to continue going up so we can profits but we should expect it to fall as correction take place.

[|MINER|]

I think nothing can be predicted yet, I think this is one type of recovery as well as Bitcoin halving is not far away so it can be expected a bit more. The fud that was removed a few days ago about the market of cryptocurrency world may not be so big now, it has also brought a positive result in the market. Since it is the middle of the second Q of 2023, I think the price of Bitcoin may rise from now, but I don't think it will touch 40 so soon.

[fzkto]

This is an indication that many believes we should be on a bull market and if this time Bitcoin able to break the resistance, we might see its price to actually reach the price of $40k. Let’s wait patiently and watch the market closely as this can still be a bull trap because the volume is not that much to support the pump. Though if you look at a weekly time frame, you can still a bullish trend with Bitcoin and its a good sign too.

We did break the resistance of $30k, for a short time, the price reaches $31k, but then again, maybe there are sellers or orders along that price, so it was liquidated very fast, and so it didn't last long. Nevertheless, $30,500 right now, still very high and we should be expected that this price might hold at least at the end of the month. And if that happens, then we are going to be green again. Historically, the month of June is not good in a bear market, but it seems we will change that pattern for this year as we have seen a jump from $26k-$30k++.

The pumping was very fast, but the resistance was broken after the second attempt. We have one more day to hold above 30k. If the weekly candle closes above this level, it will mean that the resistance will become support. Hopefully nothing bad will happen tomorrow.

[salad daging]

Market conditions have recovered compared to 6 months ago, but anyone buying now may still have other things in mind. It's true that they missed the opportunity to buy lower last year, but today bitcoin is still pretty low compared to its ATH. So I think even if they buy it now, they can also expect a worth itu return in the long term. After all investors investing in millions could also consider DCA, and at least that should help get them to buy at a lower average price.

Thinking about others because they think whether after the increase there will be another correction and it becomes indecisive if an investor continues to compare last year's prices to now, I think it's never too late as long as it is still far from ATH, now at a price of $30K it can still be dominated the best price but much bigger later the return is still decent, especially by saying in the long term, of course the price will be even higher if they start now, the return will be 2x from the previous ATH, especially the new ATH record can even be more than 5x returns.

[o48o]

Bitcoin price is on it again after a few drop in price at around 25-26k, but hitting the price value of 30k again as it did sometime April this year. What I describe as a gleams of the prospective light at the end of the tunnel of the year 2023.

What are your thoughts on this spontaneous rise again in the price of BTC hitting 30k twice just within the first quarter of 2023. Do you you think it's going to plummet again or do better above 40k? Or is just one of a tempting rise to fall again even below the 25k-26k it did for the past weeks after hitting 30-31k around the month of April?
Please share your thoughts about this.

Ambivalent feelings. When we have been given bad news for 2 years escalating to charges against Coinbase and CZ, it's more than hard to trust again on any kind pump. FUD is still there, people are now just ignoring it. And i find it weird that people seem to still buy everything even though threat to altcoins and binance seems real and bad.

But i guess i shouldn't try to find reason from the markets. Only reason it needs is that when it pumps it pumps more just because of confidence.

[Sim_card]

The price of bitcoin at 30k shows that this year bitcoin price will hit 40k by the end of this year. The price started to pump from the beginning of this year and go to 30k at April before the price correction to 25k-26K range. I believe that the halving is coming close and bitcoin price will pump up gradually so that after the halving,we can see a significant price of bitcoin. Perhaps,the price might fall down to 28k before it will rise above 30k by next month.