Bitcoin will fall or rise? $30400 the recent price

[Asuspawer09]

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 mean it's still really early in my opinion Bitcoin market price could stay at 20k-30k$ for months and I think it's a good market price to accumulate Bitcoin, at any time course bitcoin market price could easily skyrocket, we saw it drop from 30k$ to around 25k$ which quickly recover. And I think it's a good opportunity for investors to invest and accumulate more Bitcoin while the market price is still at 30k$ and still didn't skyrocket.

The trick is to stay HODL your Bitcoin since might skyrocket at any moment, But I was hoping for the market price to stay at 20k$ since there is still a lot of time for the Bitcoin halving hype, I think the Bitcoin halving could easily hype the market and potentially could lead to bull run if the market followed the pump. I want to buy more Bitcoin and I'm waiting for a opportunity if the market price could still drop, but I still bought every Bitcoin every 2 weeks ever the price is just to continue to grow my portfolio and be ready for the bull run soon.

[ajiz138]

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?

Prices are likely to indicate a possible downside in July, but I'm hesitant to say so. Somehow the SEC and FED may still impact the price, but bitcoin managed to close June above $30k. But whatever happens, then you have to stick to your plan. Don't panic, do Averaging as this will help you stick to the plan. Even if the bitcoin price goes down, it will only go up again after some time and this kind of thing should be considered normal.

They are still one of the influences on the price of bitcoin so with the ETF submission if it is granted of course this will have an impact and I think this news cannot be avoided from them between the SEC and FED.
Closing at the end of June was quite good at around $30K but if this month I still think bitcoin remains at its support level if resistance can be passed it is likely that there will be a slight surge and correction again, this is not far from before bitcoin movement is still difficult to follow guess.

[yhiaali3]

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.

[benalexis12]

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?

Everything that happens to the value of Bitcoin in the market will depend on the rumor news that will appear on various social media platforms, and others such as cointelegraph and others. No one can really predict Bitcoin's exact future value to be honest.
So if you want no stress or headache, just invest in Bitcoin for long-term investment, then just wait for a few years to hold it and then sell it after 2-5 years depending on you.

[uchegod-21]

Not sure expectation of the SEC is ever bullish, I hope there are better reasons for recovery in the price or I might never be bullish on gaining from here.  30k could be the final price no further upwards, I dont find it too negatively personally.

I am seeing the support at 30k being strengthened in the coming days. Bitcoin sideways movements shows consolidation and it is for upward trend and not the reverse. However, the external influence (SEC) is very much at the neck of bitcoin and is greatly impacting it this time around.
Anyone entering the market should be mindful of the fundamental between SEC and exchanges.

I am rather optimistic of upward movement rather than downwards if SEC is to be positive.

[Husires]

Based on what I read from the comments above, I find everyone looking for the last hot topic and then dropping its impact on the price, either up or down. The SEC decisions were not new, and the discussion about them will disappear as soon as the upload is made, and it will return again with a new Bitcoin ETF, so predicting the price based on it will not lead to to the correct end.

What controls the price now is the weekly supply and demand more than the sec because the price guesses the rise before it occurs, and therefore I still see that the decline is the likely possibility.

[michellee]

It's only temporary, don't worry too much. Rest assured that the market will return to normal and may even find greater support to start increasing. And if the price drops below $30k again, that's a good time to start buying again. But it's better not to think too much or worry because if you still do it, you will lose the opportunity to buy Bitcoin.

We've been through many events that are worse than this so I'm sure many of us are still able to survive. I thought maybe the price will get a correction around $29k-$30k but again, that's okay. Our target to sell Bitcoin at a high price is coming soon and until then, we should be able to own a lot of Bitcoin.

And if the Bitcoin price goes back to $25k again, that's a big deal for us because that price discount might not come again before the halving or before a long rally. So better prepare your money to buy at low prices and keep monitoring the market and if necessary, place buy orders so you are not too late to buy Bitcoins.

[ScamViruS]

I'd say a rise is more likely because Bitcoin defended the previous support levels for many times recently, and halvening is getting closer and closer, so some of the traders already start buying, and now there are bullish news like the ETF filing. But I wouldn't expect any big movements, maybe $35k and then correction again.

The market has now created a confusing situation for short-term traders. The market will start the uptrend with enough liquidity by liquidating the high leverage traders before starting the next big uptrend. So I think the market will test the patience of traders at present as negative news is swirling in the market. $31000 has become a very important point for bulls to take control of the current market. So let's see when the market can break this resistance.

[Falconer]

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.

I agree that the SEC can have both good and bad effects on asset price movements, but in the short term I think they just make a lot of investors and market participants worry with some decisions. I'm starting to find that the current market conditions are only going sideways in 1-4 weeks or at least during July, but the fluctuating movement is still there.

In my opinion, bitcoin may struggle to break through the $32k resistance if it doesn't get a lot of investor support. If this sideway persists, then a correction will usually follow, but not to go lower than $29k. I expect $29k to be strong support during consolidation, so I hope there isn't much panic this month.

[cryptomaniac_xxx]

I'd say a rise is more likely because Bitcoin defended the previous support levels for many times recently, and halvening is getting closer and closer, so some of the traders already start buying, and now there are bullish news like the ETF filing. But I wouldn't expect any big movements, maybe $35k and then correction again.

Yeah, we can call it that way, $25k is the previous support levels, and so we just like trade sideways $26k-$28k and it didn't go down hard. The price remain stagnant since April and then become bullish once the news of ETF filing.

And as per SEC statement, they are going to go and will continue to give feedback. As far as I know as well, those who companies re-filed again and it seems that they are a race and competing against each other as who will be the first company to be approved by a spot bitcoin ETF. So it might be really a good sign that maybe one day we will get a approval. It could be before or after the halving, but it doesn't matter as it will be the bullish sign that we need.

[Halime Anatolia]

I'd say a rise is more likely because Bitcoin defended the previous support levels for many times recently, and halvening is getting closer and closer, so some of the traders already start buying, and now there are bullish news like the ETF filing. But I wouldn't expect any big movements, maybe $35k and then correction again.

Yeah, we can call it that way, $25k is the previous support levels, and so we just like trade sideways $26k-$28k and it didn't go down hard. The price remain stagnant since April and then become bullish once the news of ETF filing.

And as per SEC statement, they are going to go and will continue to give feedback. As far as I know as well, those who companies re-filed again and it seems that they are a race and competing against each other as who will be the first company to be approved by a spot bitcoin ETF. So it might be really a good sign that maybe one day we will get a approval. It could be before or after the halving, but it doesn't matter as it will be the bullish sign that we need.

It could be. this month has been a good month for a gradual increase in BTC. and the price is now very good and I think BTC will break through the resistance and go to the price of 35k first then rise again slowly but surely regardless of what you said above because many are waiting for the price of BTC at 35k.

[jaberwock]

Perhaps it is too fast to be establishing $30k as support, having had the 6 months that we have had, without going very far we were at 16k only in January ($16,521(1)), April was the only month that we managed to be above $30k for a few days, If something is clear, it is that this year 2023 the support can be marked at +$20k, there is enthusiasm but that does not consolidate positions. I think maybe the last third of this year we could be talking about a +$30k base.

Not really that fast because we already experience $30k before and if I'm not mistaken, it also stayed there for a while before going down making $27k as the new support but recently we are now back again at our previous support which is $30k. The 6 months journey of Bitcoin on this year was impressive.

We start from $16k and we almost times two this value. Nothing is clear when it comes to crypto prices because there are unexpected surprises here. We already have that $30k base you are talking about so I think it's now easier to reach higher prices this way and maybe by third or fourth quarter of the year we are already above $50k because this was usually the peak period of cryptos.

[kawetsriyanto]

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.

It is just a small move, why you are so worried?
The current price is about $31k, it seems BTC trying to increase gradually. BTC increases slowly because there are some FUDs, but luckily it can survive stronger. You can see that FUDs is getting less impact on BTC price, the current drop isn't so significant anymore.

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?

BTC has passed $31k and I think it is possible to increase to $32k-$33k in the next few days. However, it depends on what news to have. If we still have many bad news, it won't easily increase to $32k-$33k. While to achieve $35k, it needs for few weeks. It is likely at the end of this month to achieve $35k, it won't be in the near future. By the way, I don't think it will return to $25k again.

[bestcoins1]

It could be. this month has been a good month for a gradual increase in BTC. and the price is now very good and I think BTC will break through the resistance and go to the price of 35k first then rise again slowly but surely regardless of what you said above because many are waiting for the price of BTC at 35k.

If you look at crypto investors who tend to prefer long term investment in Bitcoin, of course they are always waiting and expecting the best price on Bitcoin and it might not be at $35K. Because they always hope for bigger things than many people speculate, even though to go to $35K Bitcoin still needs to increase gradually this year because now the price is still below $32K which means it is not too far to go to $35K if it increases to be consistent in the market.

[_BlackStar]

BTC has passed $31k and I think it is possible to increase to $32k-$33k in the next few days. However, it depends on what news to have. If we still have many bad news, it won't easily increase to $32k-$33k. While to achieve $35k, it needs for few weeks. It is likely at the end of this month to achieve $35k, it won't be in the near future. By the way, I don't think it will return to $25k again.

I currently see no reason to say bitcoin price will return to $25k - but maybe, only if the market is hit by FUD that badly.

On the other hand - bitcoin price could break the $32k resistance within a few days if investors are still very optimistic about July momentum. I've read on several place that July is a good month to expect bitcoin prices to increase by a few percent - but that's someone else's analysis that still isn't entirely credible as financial advice.

[GeorgeJohn]

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 don't that all small speculation of sec can bring setback in cryptocurrency and bitcoin mostly but I believe that bitcoin will regain it price which I know very well so if bitcoin price increases again without any bridge I believe that the price will be more large than the initial, because what I know concerning bitcoin is that Bitcoin price rises when the demands is higher

[romero121]

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 don't that all small speculation of sec can bring setback in cryptocurrency and bitcoin mostly but I believe that bitcoin will regain it price which I know very well so if bitcoin price increases again without any bridge I believe that the price will be more large than the initial, because what I know concerning bitcoin is that Bitcoin price rises when the demands is higher

Recently the price drop took place associated with the setback from SEC, same also caused the bitcoin dominance have some decline while the altcoins moved high. It is said altcoin season could test the market, but once again bitcoin rise is on the track. The price have crossed the resistance barrier $31000 and this reaching $35000 or more depends on the correction phase that takes place whenever there is good price movement on the bullish side. This gives an outview that $25k is possible.

[flyingcarpet]

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 don't that all small speculation of sec can bring setback in cryptocurrency and bitcoin mostly but I believe that bitcoin will regain it price which I know very well so if bitcoin price increases again without any bridge I believe that the price will be more large than the initial, because what I know concerning bitcoin is that Bitcoin price rises when the demands is higher

Recently the price drop took place associated with the setback from SEC, same also caused the bitcoin dominance have some decline while the altcoins moved high. It is said altcoin season could test the market, but once again bitcoin rise is on the track. The price have crossed the resistance barrier $31000 and this reaching $35000 or more depends on the correction phase that takes place whenever there is good price movement on the bullish side. This gives an outview that $25k is possible.

I do not think that an increase in altcoins will be permanent. You need to pay attention. There are big movements in some altcoins as a result of Bitcoin drawing a horizontal line. I'm not sure if this is due to Bitcoin getting stuck in a certain price range. Still, I doubt that the time has come for altcoins.

SEC decisions do not affect Bitcoin as much as before. At every stage, it is necessary to act by considering the risks. If it can stay at this level for a while, I think it will rise even more.

[GreatArkansas]

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

[karabiber]

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

I think profit selling will accelerate if BTC fails to close above $31k and we may see a correction this week with selling pressure on BTC. I would say hourly closings are important for correction. If hourly closes occur below $30,450 the correction will accelerate. BTC will be priced below the 8-day EMA. For now, the resistance zone is positive and selling pressure can be resisted but if the pullback occurs, i can talk about a pullback for BTC around $28k. I don't think we will see $25k prices unless we see sudden changes in macroeconomic conditions. In the bullish scenario, it is very important for BTC to step into the $31k region and stay here for the continuation of the trend. If this happens the journey to $35k will begin. I advise you to carefully monitor the support levels on a daily closing basis.