Bitcoin will fall or rise? $30400 the recent price

[Captain Corporate]

Guess its doing alright and there is nothing we could lose at this point if we end up trusting bitcoin. Not that it would make a scene like be over 40k and all, but we gonna stay above 30k if you ask me. There is no way that wr gonna drop at this period. I believe we should definitely be hopeful about the current situation and we cant be losing hope if we want to grow. The price looks as good as it gets at this moment we are all looking like we are doing fine. So we should be having anything thats a negative thought and crus that if we want to. That way we can feel a lot better. Too many people fudding due to price going higher and fear it will crash again, but it will end up going higher for sure.

[Unbunplease]

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October.  From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

[Yaunfitda]

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October.  From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

Let me check on that Elliot Waves, thanks for reminding. But then again, if we look at the price right now, it is where we are, $30,400, although the market has improved in the last week or so. Yeah, it's is not going to where everyone wanted to see the price. If could be that buyers are exhausted already, and with that we will have to wait again, and if what you predicted, then August could be a good month to start seeing the price on the rise and finally breaking that $30k line whether it is become a support line, or the biggest mental barrier that we have right now.

[AakZaki]

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.

Holding on to bitcoins for the long term is the best way to go. By implementing the DCA strategy it will be very helpful. Instead of having to panic to keep selling, it's better to buy gradually with the money we have. the price keeps fluctuating and the FUD keeps coming, so it's an opportunity to start buying. The price will not continue to fall, there will be times when the price will be bullish and reach the highest target again.

[Natalim]

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.

Holding on to bitcoins for the long term is the best way to go. By implementing the DCA strategy it will be very helpful. Instead of having to panic to keep selling, it's better to buy gradually with the money we have. the price keeps fluctuating and the FUD keeps coming, so it's an opportunity to start buying. The price will not continue to fall, there will be times when the price will be bullish and reach the highest target again.

FUDs still give influence the market trend, many people got hooked up when hearing negative things and started to worry about the future. So instead of making themselves calm, they get into panic selling. Now, the news has become the main market player and it dictates what will happen next that is why whales and those manipulators are using this to manipulate the situation. But despite the change after the SEC announcement, I don't see the price of Bitcoin will dump hard instead, I was believing that it continues to move high surpassing $31k.

[Wiwo]

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October.  From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

Do we expect the growth before or after Bitcoin halving?

Because i am xertain that the odds for it to happen after the halving ia vwry high and at that, from that point till March -April all that Bitcoin will be doing regarding the price is recovery, and if we can move up to 35k to 40k then we can say that the market momentum has to build up and bull run can be expected at that time.

[erep]

Do we expect the growth before or after Bitcoin halving?

Because i am xertain that the odds for it to happen after the halving ia vwry high and at that, from that point till March -April all that Bitcoin will be doing regarding the price is recovery, and if we can move up to 35k to 40k then we can say that the market momentum has to build up and bull run can be expected at that time.

If we examine the analysis of price movements after the halving from the previous period then the probability will increase after the halving, but we cannot make it the main point of each halving period because if the price of $45k has been reached by the end of the year, maybe the analysis will trigger different speculations because the price has recovered above 50% of the last ATH before the halving.

I don't expect bitcoin to drop at the end of Q4 as the speculation above suggests, because the $30k bitcoin price is currently unstable, if the market can't sustain the price at that point it could be vulnerable again to $25k again, so we need positive news to support the bull run before the halving has the potential to reach the ATH price in the next halving period.

[cozytrade]

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.

I can't say for sure whether the price of bitcoin will go up or not. Because several times before the price of bitcoin starts to go up, the bitcoin market starts going bad again for some reason. But what will happen this time is not exactly understood. But hopefully.  Bitcoin price will reach good position very soon.

[ancafe]

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.

For this week bitcoin has gained upward momentum after the previous correction process and the price tends to be stuck at $ 30k to $ 31k. I would like to see strong support at $33k-$35k going forward, although many see sideways potential going forward and if no FUD news maybe for late month or early next month we should see support at much better prices than today.

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.

Everyone also thinks that bitcoin will not reach $ 100k soon and of course it is too fast, but we are still quite optimistic that price improvement can occur in the next few months, even though the correction process will also affect its journey in the market. If the halving count is getting closer, efforts to get profits must be prepared using any strategy to buy.

[$crypto$]

FUDs still give influence the market trend, many people got hooked up when hearing negative things and started to worry about the future. So instead of making themselves calm, they get into panic selling. Now, the news has become the main market player and it dictates what will happen next that is why whales and those manipulators are using this to manipulate the situation. But despite the change after the SEC announcement, I don't see the price of Bitcoin will dump hard instead, I was believing that it continues to move high surpassing $31k.

There is no escaping FUD because it will continue to attack the market and cause a lot of panic so it is no wonder that many people sell midway because maybe they are traumatized and don't want to lose more so they decide to sell midway.
A whale can control any news to lead the opinion they want trying to manipulate is their habit to be able to buy lower prices then when getting a lot of bitcoin they can save for the next trend with bullish.
Remember that with the SEC announcement it was a threat to them even though it was an attack on the exchange not related to bitcoin but negative news still always affects all existing markets.

[Minecache]

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October.  From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

I don't know the time frame bitcoin will be distributed, but in my opinion, bitcoin will be distributed between $31k and $33,000, and then there will be long term corrections until the end of the year. That is also my prediction for this short-term bull run, bitcoin will continue to rise in the coming days and potentially hit $33k before falling again. Before the 2020 halving, bitcoin also plummeted, and I still think things are repeating themselves.

[Aanuoluwatofunmi]

In my opinion, bitcoin will rise until early to mid-August (if you follow the Elliot waves). Then the distribution phase will begin and we can expect bitcoin to fall from September-October.  From February 2024 we can expect the start of real growth, as the halving will happen either in March or April 2024.

I don't know the time frame bitcoin will be distributed, but in my opinion, bitcoin will be distributed between $31k and $33,000, and then there will be long term corrections until the end of the year. That is also my prediction for this short-term bull run, bitcoin will continue to rise in the coming days and potentially hit $33k before falling again. Before the 2020 halving, bitcoin also plummeted, and I still think things are repeating themselves.

We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.

[Davian144]

If we examine the analysis of price movements after the halving from the previous period then the probability will increase after the halving, but we cannot make it the main point of each halving period because if the price of $45k has been reached by the end of the year, maybe the analysis will trigger different speculations because the price has recovered above 50% of the last ATH before the halving.

This cannot be used as the first benchmark before a halving because every year the trigger can be different and also the level of speculation is also different so that it can only be used as an existing example without having to fully expect it to happen again in the coming period. Although it would also be quite nice if it could happen because I also expect better things in Bitcoin before the halving period starts.

I don't expect bitcoin to drop at the end of Q4 as the speculation above suggests, because the $30k bitcoin price is currently unstable, if the market can't sustain the price at that point it could be vulnerable again to $25k again, so we need positive news to support the bull run before the halving has the potential to reach the ATH price in the next halving period.

Clearly positive news is still needed before the halving occurs because it usually triggers a lot of people to enter the market on their own accord to buy Bitcoin. I also hope Bitcoin can get closer to the $50K area before the halving, but if it's still tough for Bitcoin then at least don't expect another drop to the $25K area. Because it can also make some people get frustrated and don't want to hold Bitcoin long term or during the halving period.

[Ojima-ojo]

There is no certainty as to when the next ATH will happen and even though there have been lots of speculation about what the price of bitcoin will be and when the next all-time high will happen.


While some are speculating that there is a high possibility of the halving happening after the halving and their reasons based on previous all-time dates,  but also there is no gain saying that some of the previous all-time highs have also happened before all-time highs like once or twice according to the history.

[Weawant]

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.

I'm also optimistic but not optimistic to think that we'll see Bitcoin trading at $40,000 before it trades below $30,000 again. The price now is $30,300 which means there's a higher possiblity of Bitcoin trading below $30,000 before the weeks ends if nothing positive happens.

Bitcoin trading below $30,000 doesn't mean we'll be heading to a bearish market, we might bounce back immediately and that momentum can push the price to above $35,000 and the market creates a new support for the price to continue pumping to $40,000 and beyond.

We shouldn't be too bothered though about the short term prices that Bitcoin will be trading at because we'll be heading into next year with big hopes as that's the halving year and Bitcoin will receive lots of interest as people prepare for the bull market that we will be expecting

[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.

I'm also optimistic but not optimistic to think that we'll see Bitcoin trading at $40,000 before it trades below $30,000 again. The price now is $30,300 which means there's a higher possibility of Bitcoin trading below $30,000 before the week's end if nothing positive happens.

Bitcoin trading below $30,000 doesn't mean we'll be heading to a bearish market, we might bounce back immediately and that momentum can push the price to above $35,000 and the market creates new support for the price to continue pumping to $40,000 and beyond.

Even though we had a drop to $29k yesterday and today, we have not ended a daily candle close below it, From what I can see, there is some sort of price manipulation going on in the market. They have managed to push the price down to $29k but have failed to retain it, They are trying to induce sellers to sell. $40k is still achievable because the market is yet to take a direction from the position we are in now.

[Merit.s]

Bitcoin price is on its way upward,as we can see the price is at 30k and it shows that the price will continue to move up gradually to 33k which we are looking forward to see it by the mid month. When Bitcoin price will correct back to 27k will be around September and by December we will have a pump in price towards the halving next year. All one needs to do is to keep holding and if possible use DCA method to accumulate more and relax your mind towards the bull run.

[Slow death]

I honestly cannot understand why people created high expectations that this time would be different and that the SEC would approve bitcoin etf when we have already seen them postponing it many times and then not approving it, and looking at the temporal distance that is still left for the halving I would say that there is a lot of space for the price to drop a lot and only start to recover when the halving is approaching, while the halving does not arrive, people will not feel very motivated to buy a lot because there is nothing they see that will make the price go up a lot

so I see the price staying in this zone of 2500$ - 31000$, only in case of a break above 31000$ would we see 40,000$ but we would have to see how far the price would manage to remain above 32000$, because as I said there are still many to go months for the halving, we are talking about more than 7 months for the halving, and a lot of time, and this makes people sell and wait to buy in more drops looking at high profits in the next one after the halving, I would particularly buy only in a big fall and not now

[Hamphser]

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.

I'm also optimistic but not optimistic to think that we'll see Bitcoin trading at $40,000 before it trades below $30,000 again. The price now is $30,300 which means there's a higher possibility of Bitcoin trading below $30,000 before the week's end if nothing positive happens.

Bitcoin trading below $30,000 doesn't mean we'll be heading to a bearish market, we might bounce back immediately and that momentum can push the price to above $35,000 and the market creates new support for the price to continue pumping to $40,000 and beyond.

Even though we had a drop to $29k yesterday and today, we have not ended a daily candle close below it, From what I can see, there is some sort of price manipulation going on in the market. They have managed to push the price down to $29k but have failed to retain it, They are trying to induce sellers to sell. $40k is still achievable because the market is yet to take a direction from the position we are in now.

Yes, we did make a drop on below 30k but this behavior shows that there are lots who would really be tending to catch up with those corrections and price decrease. This means that there's a strong support on this level on which it cant be possibly be able to go back on 27k or even below but we know that there's always a possibility knowing that this market is really that truly unpredictable but basing up on indicators
then we could really be able to tell that there's those potential movement on which we might be able to encounter on or possibly be able to hit up.

Now we are playing on 30400+ as of this writing on which the price is starting to move sideways or having no little movement on which it is really that hard to tell on what would be its next move.
We cant really be able to point out but since there are indicators then we do have at least have the idea on where we possibly go but it wouldnt really be an assurance.

[_act_]

This means that there's a strong support on this level on which it cant be possibly be able to go back on 27k or even below but we know that there's always a possibility knowing that this market is really that truly unpredictable but basing up on indicators

The market can be very deceiving at times, it is very possible that bitcoin price may suddenly fall below $30000 and the support can be broken and bitcoin may fall back to $25000 very fast. The support at $30000 is very strong but the market can be unpredictable in short period of time.

The 4 hour chart is not indicating bull market for now. The one week chart is indicating that the market can go either way and bitcoin is at $30200. If there is no many buyers, bitcoin may go back below $30000. I guess not this time for now because psychologically, people are buying back arround $30000.