$30000 is becoming the resistant price

[TravelMug]

I think we’re just seeing stability as buy orders act like a slowly rising tide. Since the economy is starting to squeeze people, banks are acting like crocodiles and waiting for those sell orders to creep close. The interesting thing to me was the drop in price below $30K, which to me seemed to indicate that someone knew the fed was going to be tightening again.

For sure there could be whales lurking around and speculating that the FEDS are going on tightening again and so they sell to panic the market and then just go and buy again. That's the thing with whales, although their influence has somewhat diminished, but a simply buy or sell orders that average joe see in their wall? it might cause them to sell as well. And most likely that is the case that's why the price goes below $30k again. And with the Bitcoin ETF noise simmering down, maybe we can expect the price to go back to $27k-$28 range again.

[Oshosondy]

I am optimistic that the bitcoin price will close above $30k by the end of this July. Very close of course given the current $29,100 - $29,500 price range, but the market needs a stronger push. $30k doesn't have to be an impenetrable resistance although the corrections that have taken place in the last few days have left some people a bit unsettled. I am highly optimistic about a July close above $30k, it will definitely be better to expect bigger moves in August.

Of course there is no certainty due to the high volatility of the trades. Panic traders have made it easier for the market to burn out instead of holding above $30k, but it's good for testing a new support level.

Becuse traders sell or go short, that does not mean that they are panic. It depends on their analyses and prediction. Like me, I have seen that it possible for bitcoin to get to $29000 when I started this thread, analysis has indicated this when bitcoin was not able to increase above $30400.

If bitcoin price stays too much within $29000 and $30000, and if it decrease slightly below $29000, it is possible for us to see $25000 again, although seeing $27000 to be another resistance. This is just a prediction, the market might be otherwise.

[KingsDen]

Bitcoin increased above $30000 to over $31500 and it has been within this price for many weeks or months now. Bitcoin decreased below $30000 several times but it increased back with some minutes in each time it decreased below $30000. But since yesterday I have been noticing that the bears are getting stronger than the bulls and the price of bitcoin later decreased below $30000 which now wants to become the resistant price.

When the price of bitcoin went above $30,000, I had thought that it will move upwards from that very price and likewise many other people. Even though the chart showed that it had a great probability of moving downward, we had believed that the wave and rumor of next year halving will influence the price  upwards.

And do not forget that it is summer and holidays, there is no significant change in the price.

holidays and summer truly affecting the growth as more of us taking their funds out or at least to make less investing as there are more priorities and expenses but once its over then better days will come and yes this is the preparation for the coming Halving and Bull running.

The summer effect is pushing and many people bearly have time. The expenses have increased and maybe people have started withdrawing some bitcoin for expenses which is the reason for the price below $30,000

[fzkto]

Yes, it's summer, which has typically been a bad time for cryptocurrencies. But you can pay attention to the stock market, where growth has been going on for a while now. Perhaps along with that, the cryptocurrency market is on the rise. 30k is not very far from the current price. It seems to me that unless some negative events happen, bitcoin will be able to break resistance this summer.

[CageMabok]

Yes, it's summer, which has typically been a bad time for cryptocurrencies. But you can pay attention to the stock market, where growth has been going on for a while now. Perhaps along with that, the cryptocurrency market is on the rise. 30k is not very far from the current price. It seems to me that unless some negative events happen, bitcoin will be able to break resistance this summer.

At the moment the price increase is also starting to show again on Bitcoin even though it hasn't touched $30K yet and in the past few days I have seen some positive news for Bitcoin so the opportunity to break resistance this summer is very wide open for Bitcoin. Now I will more consider buying what I can before Bitcoin breaks $30K again in the near future as that will probably happen with time for Bitcoin as well as for other cryptocurrencies in the market as I don't consider this to be a bad time for Bitcoin.

[darkangel11]

Becuse traders sell or go short, that does not mean that they are panic. It depends on their analyses and prediction. Like me, I have seen that it possible for bitcoin to get to $29000 when I started this thread, analysis has indicated this when bitcoin was not able to increase above $30400.

If bitcoin price stays too much within $29000 and $30000, and if it decrease slightly below $29000, it is possible for us to see $25000 again, although seeing $27000 to be another resistance. This is just a prediction, the market might be otherwise.

They react to lack of demand, probing the levels. They do it like this:
A trader sees the price being stable, so he comes in with a large amount of fiat and buys a decent amount of bitcoin, like 20 at one go and watches if others follow his move, if some short positions get liquidated and so on. If nothing happens he sells everything poking the market in the other way and checks which move caused a bigger change in price. That shows him how liquid the market is and what's its depth in each direction and that draws a famous bart simpson pattern on the chart. You shouldn't care about this unless you're also a trader, but a smaller one, unable to form a pattern on your own.

[Webetcoins]

I'm not really surprised seeing that, if the price really was to go above, it would break the resistance at $31k and go beyond it, but even after trying really hard, Bitcoin couldn't go past $31.5k which proves that it isn't yet strong enough to go up much, and I always knew that once it gets below $30k, it will again have a hard time crossing it and that is exactly what's happening, now, I expect the price to go even more down if $30k becomes the next resistance.

This is exactly why I don't think that the price of Bitcoin will go above $40k this year because there won't be a lot of buying pressure from retail and industrial investors since everyone will expect the price to experience another dip from this point, so everyone will try to save up as much as they can.

[KingsDen]

I'm not really surprised seeing that, if the price really was to go above, it would break the resistance at $31k and go beyond it, but even after trying really hard, Bitcoin couldn't go past $31.5k which proves that it isn't yet strong enough to go up much, and I always knew that once it gets below $30k, it will again have a hard time crossing it and that is exactly what's happening, now, I expect the price to go even more down if $30k becomes the next resistance.

This is exactly why I don't think that the price of Bitcoin will go above $40k this year because there won't be a lot of buying pressure from retail and industrial investors since everyone will expect the price to experience another dip from this point, so everyone will try to save up as much as they can.

Even without putting into consideration some kind of analysis. I have always believed that bitcoin price may not exceed 45000 dollars for this year. This is because the price of Bitcoin has already done so much well from moving from the area of 15,000 dollars to the present area of 30,000 dollars. So if a major movement is recorded again that means the bull run expectation must have been exhausted by this time, but if bitcoin still remains below $45000 before the bull run, it's a very nice one which means the build-up has already been done and bull run effect will immediately give us a new all-time high.

It is obvious that there is a very great resistence at that $31,000. The Bitcoin tried its best to exceed that range but it was pulled down and that very downward trend has weakened the support of 30,000 dollars.

[Captain Corporate]

I know that going towards 29k made a lot of people worried, but if I were capable of holding and even buying when it was 16k, then I am pretty sure that a mere drop to 29k means nothing to me. Remember, bitcoin going up %10 in a week is nothing, it has happened so many times, so if we do that, we are already above 31k price right away, and that's not really out of question right now. Sure we are not above 30k like we would like to, but that doesn't mean that we are way way down, we are still pretty close. Just have happy thoughts, its something we should be happy about and there shouldn't be really anything that would be that much of a serious thing, its definitely understandable level.

[ScamViruS]

I know that going towards 29k made a lot of people worried, but if I were capable of holding and even buying when it was 16k, then I am pretty sure that a mere drop to 29k means nothing to me.

When Bitcoin moves down, there are people who start thinking that it will go down further and start more panic selling. An acquaintance of mine said bitcoin was coming under $10k when bitcoin was in the $16k range, and he didn't buy at $16k, so after meeting him a few days ago, he regretted his wrong decision.

When Bitcoin creates a calm environment in the market and discourages traders, it should be understood that Bitcoin is preparing for a big storm. Bitcoin has not been able to break the important $31000 resistance this time, hopefully in the next legup Bitcoin will gather strength to easily break this resistance.

[jaberwock]

Many people are expecting bitcoin to cross $31k and hit $33k or $35k, and I've prepared more USDT. I like to go against the crowd and I think like you, bitcoin will probably correct towards the 26k-27k level instead of continuing to rise as many are expecting. Bitcoin has barely had any significant movement over the past week, and I expect it to correct with the next Fed rate hike soon.

That is very possible after the big pump a few weeks ago until now the price of bitcoin has not had a deep correction and I think that a correction to 25k or 26k is very possible but I don't think it will happen for a long time and we will staying longer at a price close to 3ok, it's been happening since the beginning of the year and I think it will continue to happen.

I do not think that we are going to see such a low price. The worst case would be 27k+ levels, where it is like 27500 or something and that would be the lowest we are going to see, I do not think that we are going to see anything lower than that. This is my idea of course and maybe I am wrong and we will see it drop.

However, we are getting closer and closer by the day to halving which makes people want to buy more hence why it is harder for it to stay lower. This means that even if you are right and it goes down, I do not think that it is going to stay down for a long time. The best case is that it is going to go lower and then jump right back up when people start to buy more of it. That seems like a good choice for it at this moment.

[Marvell1]

Many people are expecting bitcoin to cross $31k and hit $33k or $35k, and I've prepared more USDT. I like to go against the crowd and I think like you, bitcoin will probably correct towards the 26k-27k level instead of continuing to rise as many are expecting. Bitcoin has barely had any significant movement over the past week, and I expect it to correct with the next Fed rate hike soon.

That is very possible after the big pump a few weeks ago until now the price of bitcoin has not had a deep correction and I think that a correction to 25k or 26k is very possible but I don't think it will happen for a long time and we will staying longer at a price close to 3ok, it's been happening since the beginning of the year and I think it will continue to happen.

I do not think that we are going to see such a low price. The worst case would be 27k+ levels, where it is like 27500 or something and that would be the lowest we are going to see, I do not think that we are going to see anything lower than that. This is my idea of course and maybe I am wrong and we will see it drop.

However, we are getting closer and closer by the day to halving which makes people want to buy more hence why it is harder for it to stay lower. This means that even if you are right and it goes down, I do not think that it is going to stay down for a long time. The best case is that it is going to go lower and then jump right back up when people start to buy more of it. That seems like a good choice for it at this moment.

Bitcoin is showing signs of correction, but I don't think there will be a big correction, yes I also think bitcoin will not be able to drop below $27k and will bounce back soon.

However, I disagree that the reason bitcoin can't plummet below $26k is because the halving is approaching, and people are accumulating. Many people say the same as you, but if that's not true, why didn't bitcoin go higher instead of correcting? What is happening shows that the market is under more selling pressure than buying, so this volatility in bitcoin has nothing to do with the upcoming halving.

[boltz]

Many people are expecting bitcoin to cross $31k and hit $33k or $35k, and I've prepared more USDT. I like to go against the crowd and I think like you, bitcoin will probably correct towards the 26k-27k level instead of continuing to rise as many are expecting. Bitcoin has barely had any significant movement over the past week, and I expect it to correct with the next Fed rate hike soon.

That is very possible after the big pump a few weeks ago until now the price of bitcoin has not had a deep correction and I think that a correction to 25k or 26k is very possible but I don't think it will happen for a long time and we will staying longer at a price close to 3ok, it's been happening since the beginning of the year and I think it will continue to happen.

I do not think that we are going to see such a low price. The worst case would be 27k+ levels, where it is like 27500 or something and that would be the lowest we are going to see, I do not think that we are going to see anything lower than that. This is my idea of course and maybe I am wrong and we will see it drop.

However, we are getting closer and closer by the day to halving which makes people want to buy more hence why it is harder for it to stay lower. This means that even if you are right and it goes down, I do not think that it is going to stay down for a long time. The best case is that it is going to go lower and then jump right back up when people start to buy more of it. That seems like a good choice for it at this moment.

Bitcoin is showing signs of correction, but I don't think there will be a big correction, yes I also think bitcoin will not be able to drop below $27k and will bounce back soon.

However, I disagree that the reason bitcoin can't plummet below $26k is because the halving is approaching, and people are accumulating. Many people say the same as you, but if that's not true, why didn't bitcoin go higher instead of correcting? What is happening shows that the market is under more selling pressure than buying, so this volatility in bitcoin has nothing to do with the upcoming halving.

There is no time left for a big correction to happen at least during this summer cycle so for now , I think the thread title is right as BTC is making a big resistance wall around 30$ area and I don't see any chances to break it anytime soon.

You're right , Bitcoin might do a jump between prices around 27-29k area and it's normal but it might also be an accumulation phase right ? we saw this in the past and I'm sure it might be one right now as well.

Well , Bitcoin could go under 26k but if that happens , it should be in August right ? because as soon as Autumn hits , we might see Bitcoin trying to stabilize around 30k area for a while as halv is still far to have any direct influence on Bitcoin price. Also , there is always a possibility for Bitcoin to go even under 25k this year but I have doubts on this. 

[justdimin]

There is no time left for a big correction to happen at least during this summer cycle so for now , I think the thread title is right as BTC is making a big resistance wall around 30$ area and I don't see any chances to break it anytime soon.

You're right , Bitcoin might do a jump between prices around 27-29k area and it's normal but it might also be an accumulation phase right ? we saw this in the past and I'm sure it might be one right now as well.

Well , Bitcoin could go under 26k but if that happens , it should be in August right ? because as soon as Autumn hits , we might see Bitcoin trying to stabilize around 30k area for a while as halv is still far to have any direct influence on Bitcoin price. Also , there is always a possibility for Bitcoin to go even under 25k this year but I have doubts on this. 

Bitcoin in most cases won't go under 26k, a lot of people are afraid of that level but I am not because that is way too low for the current price and it looks like we are not going to end up with that at all. I understand that the technical analysis shows that if we go any lower then reaching 26k is not really that much of a shocker, but if we keep getting bad results all the time then we are going to end up with a bad result eventually.

This is why we need to be making sure that price doesn't really end up changing all that much. Hopefully it gets to a point where things are not that simple, and in order for that to happen we need to make sure that we possibly could result with a lot higher price instead if people start buying.

[Kadal Ijo]

Today the market is red again so it touches $ 28k dropping more than 2% in a week, for those of us who want to get big profits then now is the right time to buy more so we can get big profits when the market rises again.

[Joshapat]

In my opinion, $ 30k is like a strong fortress and is difficult to break down, the price has touched $ 30k several times and then fell again, even more than 5 months the price has not been able to pass $ 30k, this is speculation that if the price of $ 30k can be passed then it will be easy to jump higher.

[JoyMarsha]

Bitcoin increased above $30000 to over $31500 and it has been within this price for many weeks or months now. Bitcoin decreased below $30000 several times but it increased back with some minutes in each time it decreased below $30000. But since yesterday I have been noticing that the bears are getting stronger than the bulls and the price of bitcoin later decreased below $30000 which now wants to become the resistant price.

This looks more like bitcoin may decrease more? That is what it seems to me if bitcoin can go below $29200.

What do you about this?

The price of bitcoin has dropped below $29,200 over the last few days, which is lower than you could have anticipated a month ago. For bitcoin to climb back to $30k price it was in recent months feels not happening soon but instead to fall harder in price. Nobody is certain if the price will decrease further to $25k or rise back to $30k. The fact that bitcoin might perhaps reach or be above $30k before the year is through makes me happy despite all these price drops. Purchasing bitcoin at $28,000 is not a bad idea though. 

[Quidat]

Many people are expecting bitcoin to cross $31k and hit $33k or $35k, and I've prepared more USDT. I like to go against the crowd and I think like you, bitcoin will probably correct towards the 26k-27k level instead of continuing to rise as many are expecting. Bitcoin has barely had any significant movement over the past week, and I expect it to correct with the next Fed rate hike soon.

That is very possible after the big pump a few weeks ago until now the price of bitcoin has not had a deep correction and I think that a correction to 25k or 26k is very possible but I don't think it will happen for a long time and we will staying longer at a price close to 3ok, it's been happening since the beginning of the year and I think it will continue to happen.

I do not think that we are going to see such a low price. The worst case would be 27k+ levels, where it is like 27500 or something and that would be the lowest we are going to see, I do not think that we are going to see anything lower than that. This is my idea of course and maybe I am wrong and we will see it drop.

However, we are getting closer and closer by the day to halving which makes people want to buy more hence why it is harder for it to stay lower. This means that even if you are right and it goes down, I do not think that it is going to stay down for a long time. The best case is that it is going to go lower and then jump right back up when people start to buy more of it. That seems like a good choice for it at this moment.

Bitcoin is showing signs of correction, but I don't think there will be a big correction, yes I also think bitcoin will not be able to drop below $27k and will bounce back soon.

However, I disagree that the reason bitcoin can't plummet below $26k is because the halving is approaching, and people are accumulating. Many people say the same as you, but if that's not true, why didn't bitcoin go higher instead of correcting? What is happening shows that the market is under more selling pressure than buying, so this volatility in bitcoin has nothing to do with the upcoming halving.

There is no time left for a big correction to happen at least during this summer cycle so for now , I think the thread title is right as BTC is making a big resistance wall around 30$ area and I don't see any chances to break it anytime soon.

You're right , Bitcoin might do a jump between prices around 27-29k area and it's normal but it might also be an accumulation phase right ? we saw this in the past and I'm sure it might be one right now as well.

Well , Bitcoin could go under 26k but if that happens , it should be in August right ? because as soon as Autumn hits , we might see Bitcoin trying to stabilize around 30k area for a while as halv is still far to have any direct influence on Bitcoin price. Also , there is always a possibility for Bitcoin to go even under 25k this year but I have doubts on this.  

There's a big or huge correction or not, there's no way that we could tell on what would gonna happen and this is the toughest thing on being a trader or investor on which we cant really be able to point out on where the prices would be heading on. Now on the time that we are discussing or talking about the price, its been long time already that it is really just staying on 29k which it turns out be like a stable coin for me. LOL!   Now on the time that the price is really behaving this way then it is really that hard to predict on where it would be going. This isnt the first time we do able encounter like this.I agree on some points above that there might be some huge price decrease after this long stabilization in price on which we cant really be able to tell whether this one would be the base price
before we take off or we would be seeing the opposite? This is why taking up such action or position does really have that risk as always.

[fuguebtc]

Bitcoin increased above $30000 to over $31500 and it has been within this price for many weeks or months now. Bitcoin decreased below $30000 several times but it increased back with some minutes in each time it decreased below $30000. But since yesterday I have been noticing that the bears are getting stronger than the bulls and the price of bitcoin later decreased below $30000 which now wants to become the resistant price.

This looks more like bitcoin may decrease more? That is what it seems to me if bitcoin can go below $29200.

What do you about this?

The price of bitcoin has dropped below $29,200 over the last few days, which is lower than you could have anticipated a month ago. For bitcoin to climb back to $30k price it was in recent months feels not happening soon but instead to fall harder in price. Nobody is certain if the price will decrease further to $25k or rise back to $30k. The fact that bitcoin might perhaps reach or be above $30k before the year is through makes me happy despite all these price drops. Purchasing bitcoin at $28,000 is not a bad idea though. 

Bitcoin has been below $30k for the past 2 weeks, not just a few days and no one knows how bitcoin will move in the coming days. From what I see in the market, most people are just waiting for bitcoin to move for more data to predict the trend of bitcoin. Honestly, Bitcoin has been at $29k for quite some time and this is really annoying.

For traders, buying and selling at the moment is very sensitive and not a wise decision. But for long-term holders, bitcoin below $30k once again presents an opportunity to accumulate.

[flyingcarpet]

Bitcoin increased above $30000 to over $31500 and it has been within this price for many weeks or months now. Bitcoin decreased below $30000 several times but it increased back with some minutes in each time it decreased below $30000. But since yesterday I have been noticing that the bears are getting stronger than the bulls and the price of bitcoin later decreased below $30000 which now wants to become the resistant price.

This looks more like bitcoin may decrease more? That is what it seems to me if bitcoin can go below $29200.

What do you about this?

The price of bitcoin has dropped below $29,200 over the last few days, which is lower than you could have anticipated a month ago. For bitcoin to climb back to $30k price it was in recent months feels not happening soon but instead to fall harder in price. Nobody is certain if the price will decrease further to $25k or rise back to $30k. The fact that bitcoin might perhaps reach or be above $30k before the year is through makes me happy despite all these price drops. Purchasing bitcoin at $28,000 is not a bad idea though. 

Bitcoin has been below $30k for the past 2 weeks, not just a few days and no one knows how bitcoin will move in the coming days. From what I see in the market, most people are just waiting for bitcoin to move for more data to predict the trend of bitcoin. Honestly, Bitcoin has been at $29k for quite some time and this is really annoying.

For traders, buying and selling at the moment is very sensitive and not a wise decision. But for long-term holders, bitcoin below $30k once again presents an opportunity to accumulate.

It is really annoying that the Bitcoin price is at the level of 29k. Looks like it'll be here for a long time. I think it needs to fall further from this level to enter the uptrend we expected. Many predict that the price will drop. The number of people who said that the price would increase decreased. At least that's the opinion of the people I talk to around me. I would like the price to fall as soon as possible before stopping at 29k and then to rise. Because when the price is stable, the expectation is that it will decrease.