Will BTC go above $30,000?

[flyingcarpet]

I had not noticed until I saw your comment that the price of bitcoin had gone down to 27k, it seems the 30k resistance level is way stronger than what we thought, but in a way this was to be expected, if the price went above that level then the next significant resistance should be at the 35k level, and that is about half the distance from the ATH, so it would be a price too high to reach especially when the halving still seems to be so far away.

Over the last 24 hours bitcoin has experienced a significant drop and now at $27.5K (at the time of writing) there is a possibility that it will continue to fall and approach support levels.
It is still very difficult for the price to rise to this resistance level as there is a negative impact affecting the price but this month the market is not enough to make it positive there is a possibility of this impact until the end of the month.

We will have to see how the next month goes, of course expecting resistance to be broken again.

The expectation of a decrease in the price of Bitcoin is gradually coming true. I don't know how much this decrease will be, but I was predicting that it would decrease recently. Because in order for the price to rise, a fall must come first. The price was very stuck and a move was needed.

Bitcoin gives us the opportunity to buy again. I think the return of this decrease in price will be good. We are halfway through August and price forecasts may be very different by the end of the month.

[aylabadia05]

All these factors have contributed to this recent price dip.

Stop selling to strengthen the new support price in anticipation of the halving and to strengthen returns.
The market is being played by big capital owners because there are big targets that they want to get in large numbers.

The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

In considering each investor's personal gain through the expectation of huge returns, I think dropping prices to under $20k or below should be put to good use. Seasoned investors are at it and they welcome price reductions like the current one to improve the status of bitcoin holdings.

[WatChe]

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

Despite such odd news I still believe that Bitcoin has a bright next year because of halving. I just read on the forum that Space X has sold out its 363 million USD worth of bitcoin holdings and to me this is not a huge sell off. Price of Bitcoin is very difficult to predict, right now its at 26.5k and it has the tendency to go in both directions from here. Just don't panic and don't sell your Bitcoins on discount to whales at this point.   

[DanWalker]

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

Despite such odd news I still believe that Bitcoin has a bright next year because of halving. I just read on the forum that Space X has sold out its 363 million USD worth of bitcoin holdings and to me this is not a huge sell off. Price of Bitcoin is very difficult to predict, right now its at 26.5k and it has the tendency to go in both directions from here. Just don't panic and don't sell your Bitcoins on discount to whales at this point.   

That number is insignificant compared to the market capitalization and it is certainly not the cause of bitcoin's plunge as many people think. I agree with you, although I am also quite surprised how bitcoin moves, but I believe it will not be able to fall any further, and we will recover soon.

Not only should we not panic, but we should also consider this a better time to accumulate bitcoins. We want to get the most profit, we need to buy low and sell high and this is the time for us to buy.

[posi]

Bitcoin's supply is still 21 million bitcoins, it doesn't decrease with each halving, to be precise, mining is becoming more and more difficult. You guys always emphasize the supply but forget to mention the demand of bitcoin. Supply is limited but demand does not increase, then the price will never increase, supply is not the only factor for bitcoin to increase in price if there is no demand. We should judge the value of bitcoin by looking at supply and demand, we shouldn't focus too much on the halving, what if the bitcoin price doesn't increase after the halving?

OK, so tell my why there shouldn't be a demand for bitcoin. It works pretty much like digital gold and is currently the best store of value out there, because it's the first and the only decentralized way to hold money. Every other thing is limited, requires a third party, or like gold is hard to carry around and sell. Bitcoin is simply the best and if you give people time, more and more will get to understand this.

Even if we ignore the above, bitcoin was trading at above $40k for almost a whole year in 2021. Why shouldn't it be like that in the future? You're looking at 30k right now but in reality going from 30 to 35 requires very low amount of money when compared to how much people put in stocks. A single billionaire investing in bitcoin could get us above 30k today and there's a lot of billionaires in the world.

What does it mean after the halving? Do you mean a month? A year? It's mathematically impossible for bitcoin to stay flat below 30k despite the halving. It either goes up to 40k or it dies and goes to 1k and eventually below, but for that the blockchain would have to fail somehow. As long as bitcoin works it's going up.

And did you see me mention that the demand for bitcoin won't increase or bitcoin won't be able to cross $30k? What I'm trying to say here is that the supply doesn't decrease with each halving, but instead, bitcoin becomes harder to mine. Second, limited supply is meaningless without demand. So when we want to say bitcoin price increases, we need to ensure between supply and demand, not just focus on limited supply while we are not talking about bitcoin demand.

[cryptomaniac_xxx]

Bitcoin's supply is still 21 million bitcoins, it doesn't decrease with each halving, to be precise, mining is becoming more and more difficult. You guys always emphasize the supply but forget to mention the demand of bitcoin. Supply is limited but demand does not increase, then the price will never increase, supply is not the only factor for bitcoin to increase in price if there is no demand. We should judge the value of bitcoin by looking at supply and demand, we shouldn't focus too much on the halving, what if the bitcoin price doesn't increase after the halving?

OK, so tell my why there shouldn't be a demand for bitcoin. It works pretty much like digital gold and is currently the best store of value out there, because it's the first and the only decentralized way to hold money. Every other thing is limited, requires a third party, or like gold is hard to carry around and sell. Bitcoin is simply the best and if you give people time, more and more will get to understand this.

Even if we ignore the above, bitcoin was trading at above $40k for almost a whole year in 2021. Why shouldn't it be like that in the future? You're looking at 30k right now but in reality going from 30 to 35 requires very low amount of money when compared to how much people put in stocks. A single billionaire investing in bitcoin could get us above 30k today and there's a lot of billionaires in the world.

What does it mean after the halving? Do you mean a month? A year? It's mathematically impossible for bitcoin to stay flat below 30k despite the halving. It either goes up to 40k or it dies and goes to 1k and eventually below, but for that the blockchain would have to fail somehow. As long as bitcoin works it's going up.

And did you see me mention that the demand for bitcoin won't increase or bitcoin won't be able to cross $30k? What I'm trying to say here is that the supply doesn't decrease with each halving, but instead, bitcoin becomes harder to mine. Second, limited supply is meaningless without demand. So when we want to say bitcoin price increases, we need to ensure between supply and demand, not just focus on limited supply while we are not talking about bitcoin demand.

Yes, it's going to be difficult to mine or at least miners need hash power even more in the block halving. But speaking of $30k price, currently, we are down to $26k and it's hard to see the price going hard again after so many months of steady increased.

But if you talk about the fundamentals, I think it is still very strong, the difficulty and the growth will continue specially as we are going to face approach the bitcoin halving next year. Still everything is going to be base on supply and demand and as we have the halving, obviously supply is going to be small but the demand is going to be big.

[Baofeng]

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

Despite such odd news I still believe that Bitcoin has a bright next year because of halving. I just read on the forum that Space X has sold out its 363 million USD worth of bitcoin holdings and to me this is not a huge sell off. Price of Bitcoin is very difficult to predict, right now its at 26.5k and it has the tendency to go in both directions from here. Just don't panic and don't sell your Bitcoins on discount to whales at this point.   

Yes, just like the previous halving, prior to approaching that activity, we have the pandemic in March, causing the price to really plummet to $3k. But we have bounce back to even hit a new all time high. So this is just a mental test for us again. Right now there is a huge dip that we didn't anticipate but we can't do anything about it but to face it head on.

So no need to panic, if ever you have the capital then invest it right away @26k because we might not see this price again in the future.

[ScamViruS]

Despite such odd news I still believe that Bitcoin has a bright next year because of halving. I just read on the forum that Space X has sold out its 363 million USD worth of bitcoin holdings and to me this is not a huge sell off. Price of Bitcoin is very difficult to predict, right now its at 26.5k and it has the tendency to go in both directions from here. Just don't panic and don't sell your Bitcoins on discount to whales at this point.   

The market is buzzing about SpaceX selling its bitcoins, and the strong impact it has had on the market is greater than the amount of bitcoins SpaceX has sold. So it is understood that whale traders are accumulating more by making maximum use of this news. Bitcoin finally made a big move after being in an area for months, everyone expected an uptrend but Bitcoin moved in the opposite direction to a downtrend.

But this should also be seen as an opportunity for crypto investors to strengthen their positions in preparation for next year's halving. So the most important thing now is whether Bitcoin can hold on to the critical $26k area.

[skarais]

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

The bitcoin price can't drop below $20k again unless something worse happens. In fact, I believe that the sharp decline in the last few days actually happened because traders and investors were panicking and the market was not ready to accommodate a lot of selling given that demand was not very high.

Investors chose to hold on while waiting for the best moment to get in, but I think they have bought it in bulk at yesterday's dump market. But indeed each of them should consider the risk of further downside if they want to invest, meaning they don't have to put 100% of their budget to buy all at once.

[doomloop]

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

The news about SpaceX selling their Bitcoins is the basic reason for the recent dip, otherwise, all other news and stuff were already there but the market didn't react this much to any of them. However, I don't really see the price going as low as $20k or below that, if it was to go to that range, it wouldn't rebound so quickly, but still, all we can do is speculate and the market won't move as per our predictions and expectations, so we will just wait and see.

One more bad news and the market will surely take a bigger dip at this point, but if there is nothing else that has a lot of influence on the market, I believe it will start recovering from here since a lot of investors will start buying at this point because they wouldn't expect to get a lower price again this or next year.

[justdimin]

OK, so tell my why there shouldn't be a demand for bitcoin. It works pretty much like digital gold and is currently the best store of value out there, because it's the first and the only decentralized way to hold money. Every other thing is limited, requires a third party, or like gold is hard to carry around and sell. Bitcoin is simply the best and if you give people time, more and more will get to understand this.

Even if we ignore the above, bitcoin was trading at above $40k for almost a whole year in 2021. Why shouldn't it be like that in the future? You're looking at 30k right now but in reality going from 30 to 35 requires very low amount of money when compared to how much people put in stocks. A single billionaire investing in bitcoin could get us above 30k today and there's a lot of billionaires in the world.

What does it mean after the halving? Do you mean a month? A year? It's mathematically impossible for bitcoin to stay flat below 30k despite the halving. It either goes up to 40k or it dies and goes to 1k and eventually below, but for that the blockchain would have to fail somehow. As long as bitcoin works it's going up.

And did you see me mention that the demand for bitcoin won't increase or bitcoin won't be able to cross $30k? What I'm trying to say here is that the supply doesn't decrease with each halving, but instead, bitcoin becomes harder to mine. Second, limited supply is meaningless without demand. So when we want to say bitcoin price increases, we need to ensure between supply and demand, not just focus on limited supply while we are not talking about bitcoin demand.

I would guess that the demand is already there, that's the difference and that's why they do not talk about it. Do we have people who buy bitcoin daily? We do, look at the trading volume and you will see that there are a lot of people who are buying up bitcoin and that's why I think it's important.

This is why I think it should be important to focus on what you could do, it is not really that much of a big difference and I think it should be important to note that we are going to end up with a result where when the supply is less, demand stays the same, equals price going up. Today there are certain amount of coins mined everyday and sold and bought, in the future less coins will be mined everyday and sold, but why would demand go down in that case?

[blckhawk]

I am almost positive it will reach $30K+ and even more, and be stable there, just wait and hold your coins, at least that¨s what I should do.

This positive outlook on the bitcoin price didn't even last 2 days  . Definitely hodl your coins or better yet buy now when the prices are much cheaper than you could ever ask for, the reason for the dump has been known already this price or should I say discount in bitcoin price isn't going to last long because other whales would be buying a lot at a lower price, don't let them have all the fun, the halving is nigh and we all know what comes after the halving.

[karabiber]

I am almost positive it will reach $30K+ and even more, and be stable there, just wait and hold your coins, at least that¨s what I should do.

This positive outlook on the bitcoin price didn't even last 2 days  . Definitely hodl your coins or better yet buy now when the prices are much cheaper than you could ever ask for, the reason for the dump has been known already this price or should I say discount in bitcoin price isn't going to last long because other whales would be buying a lot at a lower price, don't let them have all the fun, the halving is nigh and we all know what comes after the halving.

Important decisions will be announced in September. Fed rate decision, unemployment data and producer price data. The fact that all these data indicate that inflation is not improving and unemployment is still strong may cause the Fed to increase the interest rate decision. In this case, the Bitcoin price may decline further with the declines that will be experienced. It is also worth mentioning. Pricing for these data and situations is often priced by the market days or weeks in advance. When the situation itself occurs, there is a short term positive reaction. I think this is due to buybacks to cover short positions. Finally, according to the course of global economic data, the pricing of Bitcoin will be more evident in September.

[Ziskinberg]

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

That is still uncertain but still, we have to prepare for what will happen next.
However, despite the current situation of the market, I didn't lose hope yet. I was here for many years and I experience countless marker dumps and corrections but I'd never give up my faith and even think of the worse case to happen as I know the market recovers after the storm. If you think about reaching back to $20k, well, that is your prediction but I did not because all of the things that happen are just temporary, panic sellers are done selling, and that stops the declining trend as well.

[tygeade]

Important decisions will be announced in September. Fed rate decision, unemployment data and producer price data. The fact that all these data indicate that inflation is not improving and unemployment is still strong may cause the Fed to increase the interest rate decision. In this case, the Bitcoin price may decline further with the declines that will be experienced. It is also worth mentioning. Pricing for these data and situations is often priced by the market days or weeks in advance. When the situation itself occurs, there is a short term positive reaction. I think this is due to buybacks to cover short positions. Finally, according to the course of global economic data, the pricing of Bitcoin will be more evident in September.

I feel like that will definitely change the price a lot but I can't guarantee if it will go higher or lower after that. I mean if it is as expected then maybe it could take it higher, or maybe if it is not what we assume it will be then it could go lower. It's hard to make distinctions between them but apparently the market thinks that it will go down, maybe they are selling it because of that. In the end, we are going to end up with a movement that much is certain.

These type of periods do matter for the time when it happens but to be fair they do not matter at all on the long run and will not matter, we need to make sure that it is not going to any different situation anytime soon, we will go higher eventually no matter what happens.

[michellee]

I am almost positive it will reach $30K+ and even more, and be stable there, just wait and hold your coins, at least that¨s what I should do.

This positive outlook on the bitcoin price didn't even last 2 days  . Definitely hodl your coins or better yet buy now when the prices are much cheaper than you could ever ask for, the reason for the dump has been known already this price or should I say discount in bitcoin price isn't going to last long because other whales would be buying a lot at a lower price, don't let them have all the fun, the halving is nigh and we all know what comes after the halving.

Bitcoin will surely return to the price of $30k and even more. For now, make sure you hold onto your Bitcoins because the price is now dropping and there is a possibility that another drop will occur. Although the reason for the dump is known, if you don't do anything during this downturn, you will regret it when the Bitcoin price increases again.

Don't think too much about the current market conditions. If you doubt the market movement, leave the market for a while and come back after a few hours or a few days. We have more time to buy Bitcoin at low prices, so use it before it runs out.

And, the halving is closer and if you don't have Bitcoin or have not accumulated a lot of Bitcoins yet, do it now lest you regret it later. The clock is ticking, and the decision is yours.

[bitterguy28]

I am almost positive it will reach $30K+ and even more, and be stable there, just wait and hold your coins, at least that¨s what I should do.

but what about today actually since this week started?
do you think that we can still call this positive movement ? reaching 30 isn't much to happen
at least not this month because of so much happening
from Elon Musk to US government.

Looking at recent market trends, $30k is far-fetched. The Bitcoin price tumbled below $26k, ETF approval is delayed till 2024, Space X sold their Bitcoin holdings, and China's Evergrande filed for Chapter 15 bankruptcy in Newyork. All these factors have contributed to this recent price dip. The chances are that the price might go further down towards $20k or below. So brace yourself as the worst is about to come.

this seems to be the main reason for the dumping up to now?

anyway , hoping that there is a increase coming in the next couple of weeks.

Despite such odd news I still believe that Bitcoin has a bright next year because of halving. I just read on the forum that Space X has sold out its 363 million USD worth of bitcoin holdings and to me this is not a huge sell off. Price of Bitcoin is very difficult to predict, right now its at 26.5k and it has the tendency to go in both directions from here. Just don't panic and don't sell your Bitcoins on discount to whales at this point.   

[armanda90]

Bitcoin will surely return to the price of $30k and even more. For now, make sure you hold onto your Bitcoins because the price is now dropping and there is a possibility that another drop will occur. Although the reason for the dump is known, if you don't do anything during this downturn, you will regret it when the Bitcoin price increases again.

Don't think too much about the current market conditions. If you doubt the market movement, leave the market for a while and come back after a few hours or a few days. We have more time to buy Bitcoin at low prices, so use it before it runs out.

And, the halving is closer and if you don't have Bitcoin or have not accumulated a lot of Bitcoins yet, do it now lest you regret it later. The clock is ticking, and the decision is yours.

Its not guarantee with halving time is closer but current Bitcoin price still drop drastically and FUD when issues Elon Musk selling his Bitcoin investment can't stopping many people are panic for selling their bitcoin and automatically drop to $25,000 last week. No doubt with potential price for Bitcoin raise above $30,000 without several weeks later, but if not any bad news or FUD easily for Bitcoin raise to higher price.
Current condition need time for Bitcoin back above $30,000 although its not difficult but we need waiting when positive news publish and Bitcoin has chance raise up again.

I don't expected with halving because left many months later, looks this months not possibility for Bitcoin will raise above $30,000 and hope next months any good news can give chance for bitcoin up to higher price before halving closer will make bitcoin up drastically.

[martinex]

I am almost positive it will reach $30K+ and even more, and be stable there, just wait and hold your coins, at least that¨s what I should do.

but what about today actually since this week started?
do you think that we can still call this positive movement ? reaching 30 isn't much to happen
at least not this month because of so much happening
from Elon Musk to US government.

Strange but True. It's just a market scenario, and so be it. However, what should concern us from several moments of events in these 2 days is preparing fresh money to continue to be able to add to your BTC collection if it exists. So, if not, we will be wise spectators when the market begins to return to normal and the long-awaited season suddenly arrives and  Who can guarantee that BTC will rise and not fall again after the correction 2 days ago.

[Frankolala]

I am almost positive it will reach $30K+ and even more, and be stable there, just wait and hold your coins, at least that¨s what I should do.

This positive outlook on the bitcoin price didn't even last 2 days  . Definitely hodl your coins or better yet buy now when the prices are much cheaper than you could ever ask for, the reason for the dump has been known already this price or should I say discount in bitcoin price isn't going to last long because other whales would be buying a lot at a lower price, don't let them have all the fun, the halving is nigh and we all know what comes after the halving.

Bitcoin will surely return to the price of $30k and even more. For now, make sure you hold onto your Bitcoins because the price is now dropping and there is a possibility that another drop will occur. Although the reason for the dump is known, if you don't do anything during this downturn, you will regret it when the Bitcoin price increases again.

Don't think too much about the current market conditions. If you doubt the market movement, leave the market for a while and come back after a few hours or a few days. We have more time to buy Bitcoin at low prices, so use it before it runs out.

And, the halving is closer and if you don't have Bitcoin or have not accumulated a lot of Bitcoins yet, do it now lest you regret it later. The clock is ticking, and the decision is yours.

One needs to worry less about bitcoin price if not you might be tempted to sell believing that the price wouldn't recover again. We shouldn't forget that the market currently is short of liquidity which is causing the price of bitcoin to dump to the extent. I know that the price will pump back again in no time and would even go above 30k ,but I don't know the actual time.

Don't panic and sell but hodli to your bitcoin and if possible use this time to stash your bitcoin portfolio because we will have some good news on the price,and those who panic and sell will regret. Only the strong hodlers will smile at that time,and don't forget that we will approach the halving next year and it will give a good pump to bitcoin price.