Bitcoin will fall or rise? $30400 the recent price

[Mpamaegbu]

Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?

Even if Bitcoin price crashes to the $25,000 speculated, it's still not too steep. Remember that it lost around 80% after its ATH in 2017. I mean, we should grow past this circle of unnecessary fear or panic when we know Bitcoin is a cat with nine lives. Like child's play, Bitcoin will zoom past its current ATH of $68k and record a fresh ATH that will see it above $120k. It looks impossible now but that's a certainty to come in the next two years.

[_act_]

Even if Bitcoin price crashes to the $25,000 speculated, it's still not too steep. Remember that it lost around 80% after its ATH in 2017. I mean, we should grow past this circle of unnecessary fear or panic when we know Bitcoin is a cat with nine lives. Like child's play, Bitcoin will zoom past its current ATH of $68k and record a fresh ATH that will see it above $120k. It looks impossible now but that's a certainty to come in the next two years.

Not only 2018 that bitcoin price decreased significantly. If bitcoin all-time-high is 69000 in November 2021 and the price decreased to $15500 in 2022, that is over 77% loss on price which is almost 80%.

If you are talking about investment, you are correct because if you invest now in bitcoin, the price will increase and reach all-time-high. I know that bitcoin price will increased and reach all-time-high but I am just talking about this time. Even if bitcoin increase this time above $30000, I am not yet expecting all-time-high but price decrease again until next year or next two years.

[Dave1]

Even if Bitcoin price crashes to the $25,000 speculated, it's still not too steep. Remember that it lost around 80% after its ATH in 2017. I mean, we should grow past this circle of unnecessary fear or panic when we know Bitcoin is a cat with nine lives. Like child's play, Bitcoin will zoom past its current ATH of $68k and record a fresh ATH that will see it above $120k. It looks impossible now but that's a certainty to come in the next two years.

Not only 2018 that bitcoin price decreased significantly. If bitcoin all-time-high is 69000 in November 2021 and the price decreased to $15500 in 2022, that is over 77% loss on price which is almost 80%.

If you are talking about investment, you are correct because if you invest now in bitcoin, the price will increase and reach all-time-high. I know that bitcoin price will increased and reach all-time-high but I am just talking about this time. Even if bitcoin increase this time above $30000, I am not yet expecting all-time-high but price decrease again until next year or next two years.

Going to be a win win for us, if bitcoin goes down, then we can buy cheap coins again, if bitcoin goes up, then just hold on it. So far though we have broken the $30k resistance and we have achieved $31k already.

Hopefully this is still a bullish signal for us, and there are speculators including me seeing the price to go to $36k at the end of the month.

I know it's huge jump but with so many news, then we knows, maybe it's going to be very easy reaching that price.

[Aanuoluwatofunmi]

After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?

All these experience with price volatility cannot be attributed to the SEC decision on spot bitcoin ETF approval or not, there are many other factors we could consider to judge base on the current happenings, now you could see how we are each day getting more closer to bitcoin halving which is believed to be next year, the market demands and supplies aren't stable as always, people are buying and some dumping, what else could we have seen than to consider this along with other occurrences of crypto news in the market economy, let's expect more bear and bulls the same way to occur anytime from now till the bullrun fully takes place.

[Franctoshi]

My expectation for BTC has not changed since we broke above the $30k previous resistance zone and since then, Bitcoin has strongly remained above this level for a couple of days now, which is a sign of strength. From the monthly perspective, I'm very optimistic about Bitcoin reaching the price of $40k first in the coming weeks, rather than seeing it go below $30k.

[Adbitco]

What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?

It's very hard to determine the direction of bitcoin, as I have always said the selling pressure is another thing holding the price from breaking out of $31k although it was around 31k plus after which it pushes back to $30,978, and from what
I am viewing currently the market is so indecisive it may go sideways. If the the price could breakout from 32k then there is every possibility we could witness 35k to 40k at the ending of the month as the case may be.

[Dimitri94]

After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?

According to the market conditions, Bitcoin price is unlikely to return to $25000 at this time. Currently Bitcoin has crossed its $30000 price area and is standing at $31000 and will touch $35000 any time. Bitcoin continues its upward trend despite various negative news. I think Bitcoin is going to start its bullish trend soon. Even if the price is reduced slightly, it will be difficult to get down below $30000. The price is unlikely to come back unless there is an unexpected situation.

[doomloop]

After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?

Though many people are optimistic about it, I don't expect the price of Bitcoin to break the resistance and go up at this point, it will most probably break through the support once again and correct itself up until it reaches about $26k or maybe $25k, the reason for that is I don't really see a lot of positivity in the market at the moment, people are either afraid to buy or are waiting for a better price so that they buy lower and hold until the halving event occurs.

Either way, it is not being able to break through the resistance. There are currently mixed emotions in the market, some people are praying that the price breaks through the resistance and goes up while others are more into a correction so that they can add more to their bags at a better price.

[Mate2237]

As of today by 9am in the morning or there about Bitcoin price was $31,000 but it didn't take time before returning back to the $30k and the way I see at it for now the price is going to penetrate the $31k and before this year will end the price will surpass $31k. Before the halving time the price will go up. And Bitcoin price will not come below $25k again in this year.

[TelolettOm]

There are some people who are still waiting for $25,000 before $35,000 which includes me.

For the people who still have the money and want to collect more Bitcoin, it is normal to expect Bitcoin to drop again $25k. 
However, I doubt if Bitcoin will free fall again to $25k, the current price is around $30k-$31k, too far from $25k. If there is no big FUDs, I am not sure Bitcoin will drop more than $5k.

What happening on Bitcoin now is fighting for resistance, it's a good start to the month of July. But on the other hand, with the pump recently and fewer price corrections, Bitcoin is becoming oversold now at the current level which is $31,000.
For me now, if ever we will fall again below $30,000 this month, I am really expecting to see the $25,000 first before $35,000.

It is always fighting for a new resistance since the early of this year. After a pump, there should be a correction, but the price change isn't so significant lately. Although we still have bad news related to Binance problem with SEC, there is no significant drop again in Bitcoin price. I think it indicates that people are no longer feeling afraid about the current situation. People become more mature and ready with every FUDs, so I'm not sure that the price will drop significantly again to $25k.

[TheGreatPython]

The Securities and Exchange Commission (SEC) has not yet officially rejected any application for a bitcoin spot ETF, but has requested that the application be reformulated. But at the same time SEC has not approved any application yet.

Therefore, it is possible that the fluctuation will continue with every upward or downward movement due to the introduction of huge financial institutions at a close time. Most likely, there will not be a strong rise in the current period, because even in the event of obtaining approvals, the market situation does not allow this at the present time.

I expect that we are in an uptrend, and even if applications are rejected, I don't expect us to go back to 25k$ levels.

The market is too stagnant for it not to get affected by bad news, and a Bitcoin spot ETF worth billions getting rejected is definitely bad news and we hope that it doesn't happen, but in case it happens, the market will definitely react to it, negatively. So hopefully, they resubmit the application with more documents that the SEC has demanded and then it gets approved, otherwise, we might see the market going down pretty soon.

July is usually considered to be a positive month for the market, but if there is more and more bad news coming out, I doubt we can see anything positive happening this July, so we hope that things stay positive for now and the price of Bitcoin be able to break above the $31k resistance level.

[barisbilgili]

As of today by 9am in the morning or there about Bitcoin price was $31,000 but it didn't take time before returning back to the $30k and the way I see at it for now the price is going to penetrate the $31k and before this year will end the price will surpass $31k. Before the halving time the price will go up. And Bitcoin price will not come below $25k again in this year.

I also believe that the bitcoin price will not fall below $ 25k until this year but for an increase as well, I believe there will be no significant movement this year, throughout this year I have seen Bitcoin price movements always close to $ 30k even though it happened increases or corrections do not last for a long time so they will return to that price.

[beerlover]

Going to be a win win for us, if bitcoin goes down, then we can buy cheap coins again, if bitcoin goes up, then just hold on it. So far though we have broken the $30k resistance and we have achieved $31k already.

Hopefully this is still a bullish signal for us, and there are speculators including me seeing the price to go to $36k at the end of the month.

I know it's huge jump but with so many news, then we knows, maybe it's going to be very easy reaching that price.

36K is definitely something that can be achieved, there are a few things we are waiting on right now and if those things happens then we can see it go that high for sure. It is not going to be a simple thing to arrange any of this and we need to make sure that it is going to take a while, but if we can do that then we are going to be fine about it.

People are still worried because we have been doing something that bothered a lot of people with that fall and then the increase stopped so people are worried we might drop again like last month, but I do not think that we are there just yet. I believe we are doing fine and we should be quite happy with what we have. People are just too much worried about the situation and that's not going to solve itself anytime soon.

[RewFrew]

After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?

I think Bitcoin price will increase. Because After the SEC did not want to approve bitcoin spot ETF Bitcoin price not big dumped. Still Bitcoin price avabe $30k. Many people was think Bitcoin price will huge dump it will come near about $20k. But few dump bitcoin price bounced. Now bitcoin price near about $31k. I think within short time bitcoin price will touch $35k and it will be continue. It has small possibility to dump but i think it has big possibility to pump. I believe within this year bitcoin price will touch new ATH.

[ShowOff]

I also believe that the bitcoin price will not fall below $ 25k until this year but for an increase as well, I believe there will be no significant movement this year, throughout this year I have seen Bitcoin price movements always close to $ 30k even though it happened increases or corrections do not last for a long time so they will return to that price.

Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

If you want to invest at the current price, then the best advice is still to do DCA. Prices can fluctuate sharply due to FUD which sometimes just attacks the market, but recovery will also follow. Accumulate as much as possible and hold on to your bitcoin for the long term.

[STT]

The worrying thing despite BTC recent rises is that the Dollar index has failed to make a new low, it could be taken as reassuming a trend higher perhaps.   We may yet test highs for DXY rather then BTC, they are quite inverse and usually higher perceived value in the currency denominator will bring about a lower price for BTC.  
  On that basis I think we do have a good chance of a back test for BTC unless DXY can lose 102 or similar pricing rather then making regular higher lows as it might well be doing week to week.

[kro55]

After the SEC did not want to approve bitcoin spot ETF, bitcoin fall from $31000 back to $30400 as of today price. Bitcoin has been staying between $29400 and $31250 since many days. The support as been at $30000 while the resistance as been at $31000. The market is difficulty to know which position to take. What are you people predicting that bitcoin price would be? Is bitcoin breaking the resistance and increase above $31000 which could take the price to $35000, or bitcoin price is getting back to $25000 again?

I think Bitcoin price will increase. Because After the SEC did not want to approve bitcoin spot ETF Bitcoin price not big dumped. Still Bitcoin price avabe $30k. Many people was think Bitcoin price will huge dump it will come near about $20k. But few dump bitcoin price bounced. Now bitcoin price near about $31k. I think within short time bitcoin price will touch $35k and it will be continue. It has small possibility to dump but i think it has big possibility to pump. I believe within this year bitcoin price will touch new ATH.

Bitcoin hits new ATH This Year? Do you mean bitcoin will cross $69k this year? Although the future is unpredictable, if you are thinking about it, it is not possible. News regarding ETFs is not the last news we will face for the rest of the year. For the micro as well as the macro situation, it is not surprising that more negative information will happen in the near future. The failure of ETFs does not affect bitcoin too much, but there is no guarantee that there will be no more negative news. Bitcoin will be dumped to $20k really hard, but it will be dumped below $25k is possible.

[ancafe]

Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

Sideways or sideways is still possible going forward, but optimism remains that the conditions related to the halving will also be getting closer, so how do we have to be able to take advantage of the conditions to collect bitcoins. DCA is still a strategy that can be utilized even though bitcoin is slowly showing an upward process from the previous correction.

If you want to invest at the current price, then the best advice is still to do DCA. Prices can fluctuate sharply due to FUD which sometimes just attacks the market, but recovery will also follow. Accumulate as much as possible and hold on to your bitcoin for the long term.

It takes target stages that we need to achieve for the next ATH and collecting some bitcoins in the next accumulation is an option that can be taken. If you still doubt the condition of price fluctuations because you are worried that it will experience another decline, then DCA is still a good choice as explained by you. So when the halving occurs we are in a favorable condition and maximize the strategy with the financial capabilities we have depending on how we do it.

[justdimin]

Sideways are always possible, but having a little more optimism on the price won't hurt either. If actually bitcoin is going sideways over the course of the year in the $28k - $35k price range, then this would be a good phase to do a lot of entries and DCA. Of course that's because there's a lot of confidence about the coming year especially since the halving is very likely to push bitcoin prices even higher.

Sideways or sideways is still possible going forward, but optimism remains that the conditions related to the halving will also be getting closer, so how do we have to be able to take advantage of the conditions to collect bitcoins. DCA is still a strategy that can be utilized even though bitcoin is slowly showing an upward process from the previous correction.

Going sideways is not a terrible thing, as long as it doesn't go down that means we are going to do fine. Looking at OP's price point, we have gone up from that, seen 31k+ and that's a good sign for all of us, bitcoin is capable of going higher. That means we could probably go even higher, if we didn't get stuck and going sideways that means we are going to end up with a better result eventually.

I am not saying that it is going to be 100k tomorrow, but going higher is a good thing, we could possibly end up with like maybe 35k soon and that would be lovely, I am guessing that it will be something we would all want to see and that's why I believe that it will bring us a lot of profit in the future as well, or at least that's my prediction for it.

[Lamkuthang]

I am not saying that it is going to be 100k tomorrow, but going higher is a good thing, we could possibly end up with like maybe 35k soon and that would be lovely, I am guessing that it will be something we would all want to see and that's why I believe that it will bring us a lot of profit in the future as well, or at least that's my prediction for it.

Yes. For BTC 100K it's not a one night dream and it's not impossible it will happen it seems, at least the journey in that direction will certainly be born. For the price of BTC, from what I read, your prediction will be 35k soon with a number of conditions, of course, the market atmosphere is conducive without negative issues and high daily transactions and buying actions. so the price will slowly rise towards 35K