Bitcoin will fall or rise? $30400 the recent price

[boltz]

My prediction remains the same with Bitcoin falling in price for the rest of summer cycle but it's hard to predict how much can it drop. Maybe we hold the 30k area because the support is pretty impressive but on the same time maybe the support around 30k gets vanquished from whales and if that happens , Bitcoin can drop all away towards 25k area but I don't see Bitcoin dropping any further than that.

[1714775089]

1714775089

[1714775089]

1714775089

[1714775089]

1714775089

[1714775089]

1714775089

[1714775089]

1714775089

[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.

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.

First, bitcoin will not rise before the halving, just as the bull season will not come immediately after the halving. Second, when everyone is expecting and expecting a rally as the halving approaches. I will be more cautious as I don't like Fomo following the crowd, and I think the market will go against the crowd's expectations, so I don't expect more at this point.

$40k for this year is also an unlikely goal, let alone $60k. I'm still leaning more toward bitcoin falling as we near the end of the year than bitcoin continuing to rise.

[AakZaki]

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.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

[Yamifoud]

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.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Once it pumps and hyped, dumps come next and FUDs manipulate the market. I was certain that there is price corrections but seeing the current market sentiment, I've been positive that it never be going a worse scenario like dumping back to the $25k level. We're not going back to bearish seasons as the halving near comes but instead, we can expect more on the rise because people believe in the positive impact of halving rather than believing the negative news. To expect $40k, that seems possible (or even more).

[Kemarit]

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.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Strategy will have to change as well depending on the price movement. There are speculators though that says that this might be a bull trap or something. However, after the initial burst to $31,000 due to positive news, market is back to $30,000, which by the way is now our biggest support.

So in any case it goes down again because of FUD then we should update our strategy, like buying more and accumulate and HODL. Or just do what we always do, continue with DCA strategy and that's it. No need to complicate things if we are a small investors just like the majority of us.

[stomachgrowls]

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.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Once it pumps and hyped, dumps come next and FUDs manipulate the market. I was certain that there is price corrections but seeing the current market sentiment, I've been positive that it never be going a worse scenario like dumping back to the $25k level. We're not going back to bearish seasons as the halving near comes but instead, we can expect more on the rise because people believe in the positive impact of halving rather than believing the negative news. To expect $40k, that seems possible (or even more).

Not totally shocking or surprising already on which this had been always like this on which the price could be giving out some good green candles and later on there some popped up nowhere negative news or Fuds then the

entire market would really be having some dive. Something new? It wasnt and this had been pretty normal and if you are a noob then you would definitely be having these kind of actions on which you would really
having that kind of impulsive approach which might lead into bad decisions on which it is something that you should really be needing to avoid. Make yourself that fully aware or wary about on how things goes
and how do things works so that on the time that you do make out realizations then later on you would really be able to go with the flow.

Now the price is going up and down on even playing around on 30k price on point which going up beyond few hundred dollars and dropping down below it which i could say that it would be a good entry on doing so.

[Ojima-ojo]

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.

But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.

Once it pumps and hyped, dumps come next and FUDs manipulate the market. I was certain that there is price corrections but seeing the current market sentiment, I've been positive that it never be going a worse scenario like dumping back to the $25k level. We're not going back to bearish seasons as the halving near comes but instead, we can expect more on the rise because people believe in the positive impact of halving rather than believing the negative news. To expect $40k, that seems possible (or even more).

@Yamifoud all what you mention in you post is not the characteristic of Bitcoin most especially where you mention hype,  pump and the rest,  those are not characteristic and for that bitcoin always stand out from the other shitcoins that may be deferred in operation and market approach there by giving room to all those hype and pump, those altcoins are just gamble and at that their can be referred to as hyped projects.


But on the other hand,  Bitcoin should  ready to face some more attention.

[lixer]

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.

We can't really be so certain about that, and people barely FUD when the price is going up but they become happy and start buying more, people FUD when the price starts dropping after going up a little bit like what happened just recently where Bitcoin went up to $31.5k and then dropped back to $30.2k later on, such movements are what usually cause FUD in the market, and when there is FUD and panic all around, the price can take no time in dropping.

So even though it hasn't been going below $30k for quite some time, we can't really be sure if it will keep going up from here because it hasn't been showing any signs of that too, the resistance is strong and there isn't too much buying pressure from retail or institutional investors at the moment.