Will BTC go above $30,000?

[imamusma]

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At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't hate this kind of market situation as much as I could, but it's still not something I really expected. The market is expected to recover gradually and maintain its good trend so that resistance can be broken, but in fact the market is very easily influenced which in turn makes bitcoin lose value easily. $28k didn't last more than a few hours, it gradually fell until it almost touched the previous price level of $25k.

Of course this is a bit strange and not fun at all, but that's the unique thing about free trade that can swing without any control from one party or group. Some whales are happy with this market situation because they are a group that has strong financial strength to accumulate more. I am determined to hold and avoid panicking as much as I can, meaning I don't want to sell low and want to continue holding for a long term plan.

[EarnOnVictor]

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

If anyone is thinking that the SEC's recognition of the ETF will bring Bitcoin higher to $40,000, then the person must be a joker of the century. Even if they approved it, the news will spike it and will still subside over a short time as this is just overhyped by people, not that it really has that much importance on Bitcoin and cryptocurrencies that are already inculcated in the mainstream of the financial market. The market could be delusional, which is why news like this and the expectation from people would be moving the market. But in practice, if they eventually approve of it, the effect might not be as much as they thought.

Technically and with the news surrounding cryptos thus far, it will surely get past $30,000 again this year but certainly not up to $40,000. The resistance below the level will be too powerful for Bitcoin to breach higher.

[Texac]

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

so that is the reason why the price drops back to 26k level today?
from standing above 27k for 2 days? https://coinmarketcap.com/currencies/bitcoin/ actually it shows that it may drop to 25k once again , and this seems to be how before halving season scenario shows?
or the increase recently is another trap before the price continue fell into 20k?

You mean you knew in advance that bitcoin would drop in price even without news of the SEC rejecting the ETF?  so can you tell us whether bitcoin will go up or down in the coming days according to your vast knowledge?  because I was also quite surprised when I saw bitcoin back to its old price a few days ago and the reason I just found out is that the SEC rejected the ETF.  I don't know if this is a trap or not, but I feel the market is being manipulated rather than evolving naturally.

[Dave1]

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

Haven't check the price though, and so I was quite surprised to see it going back down -5% to $26k? What happen? is this manipulation or there was some bad news again causing the market to panic and so we have a huge sell again?

This is just the start of the month though, so anything can happen. But when I thought that $27k was strong and there was support along the line, suddenly the price goes down nose dive again, not good at the beginning of September.

[gunhell16]

If I look at the chart graph today in the trading view, it is below 26k, which is around 25k more than its price. And based on my analysis, if it falls below 25k, it is possible that it will continue to decrease until 20k, and then it will bounce again gradually towards 30k. This is the thing that I see happening when it happens: liquidation, but I am not sure about this,  it is just my assumption.

There is only one thing, and I am sure that there are many people who are positioned in the things I have mentioned: it is still a bit difficult for us to get back to the so-called uptrend because obviously we are still in the downtrend.

[Doan9269]

If I look at the chart graph today in the trading view, it is below 26k, which is around 25k more than its price. And based on my analysis, if it falls below 25k, it is possible that it will continue to decrease until 20k, and then it will bounce again gradually towards 30k. This is the thing that I see happening when it happens: liquidation, but I am not sure about this,  it is just my assumption.

We have been getting contrary opinions on this, but base on my own research as well, we may truly be on dip right away but i don't think it's something that will sustain last for a long period than we thought, also the market may not go further dip below $25,000 we would rather be moving ahead gradually till we are getting closer to the $68,000 all time high then we continue to launch into the bullrun experience after which halving would have taken place against next year.

[Hypnosis00]

If I look at the chart graph today in the trading view, it is below 26k, which is around 25k more than its price. And based on my analysis, if it falls below 25k, it is possible that it will continue to decrease until 20k, and then it will bounce again gradually towards 30k. This is the thing that I see happening when it happens: liquidation, but I am not sure about this,  it is just my assumption.

There is only one thing, and I am sure that there are many people who are positioned in the things I have mentioned: it is still a bit difficult for us to get back to the so-called uptrend because obviously we are still in the downtrend.

We're badly bumping down which reaches $25,585 at the CMC at this post. It looks like a bad condition for Bitcoin and for the entire market. However, despite the decline I wasn't thinking that it would reach back close to $20k but it might be possible for $24k.
Well, anyway, it is just to know that whatever happens in the market, I will still hold my Bitcoin until the next bull season comes so I don't need to be worried about it. It was really hard to predict what would happen next which is why we kept ourselves ready and remained calm.

[TelolettOm]

so that is the reason why the price drops back to 26k level today?
from standing above 27k for 2 days? https://coinmarketcap.com/currencies/bitcoin/ actually it shows that it may drop to 25k once again , and this seems to be how before halving season scenario shows?
or the increase recently is another trap before the price continue fell into 20k?

Not sure if it is the main reason, but it could be one of the possible reasons. Bad news always bring fast impact to crypto market, specifically to Bitcoin price. To be honest, it is difficult to trust any media because the media often spread false news. Yesterday, we heard positive news about ETF proposals. It is just a bit strange if it suddenly turned to be bad news.

Regarding the price of Bitcoin, it is true that BTC price is already drops again around $25k. But I think it is unlikely to drop more to $20k. We are heading the end of this year, ideally BTC price should begin to increase gradually toward the halving schedule in the next year.

[bestcoins1]

We're badly bumping down which reaches $25,585 at the CMC at this post. It looks like a bad condition for Bitcoin and for the entire market. However, despite the decline I wasn't thinking that it would reach back close to $20k but it might be possible for $24k.
Well, anyway, it is just to know that whatever happens in the market, I will still hold my Bitcoin until the next bull season comes so I don't need to be worried about it. It was really hard to predict what would happen next which is why we kept ourselves ready and remained calm.

If you still feel optimistic enough to continue holding and saving Bitcoin until the next bullish season arrives, that means the price decline that is currently occurring in the market is not a problem that you should consider even though you may always see it in the market. However, if you still have spare money that doesn't bother you for other things and you can use it to buy Bitcoin, I think that's also the right thing for you to do now if you still want to buy before the next bullish season arrives.

[romero121]

As of now the market is continuing to move on the bearish path. We should be ready to make the possible investment than thinking of whether the price will bump high or not. For now it is really hard to make a prediction on the price of bitcoin. Days back a bounce happened and the same is connected with the application X and now once again the market have begun to crawl downward. Maybe this can touch $20k or could move towards $30k, we need to be careful with our plans.

[LittleBitFunny]

As of now the market is continuing to move on the bearish path. We should be ready to make the possible investment than thinking of whether the price will bump high or not. For now it is really hard to make a prediction on the price of bitcoin. Days back a bounce happened and the same is connected with the application X and now once again the market have begun to crawl downward. Maybe this can touch $20k or could move towards $30k, we need to be careful with our plans.

When bitcoin price recovered slightly, everyone was confident that bitcoin would continue to rise but when bitcoin decreased slightly, people started thinking about decreasing the price. I see a lot of pessimists that bitcoin will drop to $20k instead of rising to $30k and I see one thing, the market always goes against the crowd.

Not only now but the market has never been so easy to predict but I would go against the crowd, when everyone is negative about bitcoin dropping to $20k, I think that's when bitcoin will recover.

[HONDACD125]

As of now the market is continuing to move on the bearish path. We should be ready to make the possible investment than thinking of whether the price will bump high or not. For now it is really hard to make a prediction on the price of bitcoin. Days back a bounce happened and the same is connected with the application X and now once again the market have begun to crawl downward. Maybe this can touch $20k or could move towards $30k, we need to be careful with our plans.

When bitcoin price recovered slightly, everyone was confident that bitcoin would continue to rise but when bitcoin decreased slightly, people started thinking about decreasing the price. I see a lot of pessimists that bitcoin will drop to $20k instead of rising to $30k and I see one thing, the market always goes against the crowd.

Not only now but the market has never been so easy to predict but I would go against the crowd, when everyone is negative about bitcoin dropping to $20k, I think that's when bitcoin will recover.

Everyone is making predictions based on their own thinking and analysis, which direction will the Bitcoin price go? It is natural that whenever the value of Bitcoin increases, people start thinking about the higher value, and when it falls, they start thinking about the lower value. Desperation is spreading, as Bitcoin is repeatedly touching $25,000 and on the other hand, the issues between Binance and the SEC and a lot of bad news are currently affecting the market. September has often not been a good month for the cryptocurrency market, and market crashes are often more likely during this month. It is true that when people have high expectations, the market goes against it, but often the market also falls in line with people's expectations and predictions. Maybe you're right and the market goes against what the crowd expects, and goes up to 30k instead of falling to $20k. We all want the market to go up instead of down,because we have been seeing the market falling for a long time.

[Fakhrulenclix]

As of now the market is continuing to move on the bearish path. We should be ready to make the possible investment than thinking of whether the price will bump high or not. For now it is really hard to make a prediction on the price of bitcoin. Days back a bounce happened and the same is connected with the application X and now once again the market have begun to crawl downward. Maybe this can touch $20k or could move towards $30k, we need to be careful with our plans.

In the last few weeks, the price of Bitcoin has continued to experience correction and it happened slowly, but in the last few days there was a slight dip but it didn't last long.
Currently, prices are very difficult to predict, but I am sure there will be no significant movements, so everything is still possible.
It is possible that we will return to the price of 30k and it is also possible that this decline will continue, so we must apply our respective strategies to take advantage of this moment to take profits.

[justdimin]

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

so that is the reason why the price drops back to 26k level today?
from standing above 27k for 2 days? https://coinmarketcap.com/currencies/bitcoin/ actually it shows that it may drop to 25k once again , and this seems to be how before halving season scenario shows?
or the increase recently is another trap before the price continue fell into 20k?

You mean you knew in advance that bitcoin would drop in price even without news of the SEC rejecting the ETF?  so can you tell us whether bitcoin will go up or down in the coming days according to your vast knowledge?  because I was also quite surprised when I saw bitcoin back to its old price a few days ago and the reason I just found out is that the SEC rejected the ETF.  I don't know if this is a trap or not, but I feel the market is being manipulated rather than evolving naturally.

I think nobody really "knew" it, they may have predicted it and some people were right, the ones who said it will go down were right, and the ones who said it will go up were wrong. But that doesn't mean that it will continue like that, it is not going to be that simple. We need to make sure that it is going to end up a bit different in the end and we should be careful about it as well.

I do believe that it is going to be tough, but it can't be impossible neither, it should be important in that regard. I do believe that we could end up with a good return one way or another, and it didn't happen that way, I think it should have been going up right now because ETF doesn't matter at all and the future is bright for bitcoin.

[Minecache]

At this moment the situation is somewhat difficult to predict, just a few days ago we saw the price of bitcoin going through a recovery due to a positive news, but now out of nowhere the price went down again, I do not know if there was yet another negative news that appeared or simply this is the work of whales and speculators that are determined to keep the price low, so they can buy bitcoin for a very low price and do so for several months.

I don't know if yesterday's positive news made us at least a little happy for the news to appear but after it corrected again back to the current low of $26K on the other hand there is positive news that ETFs will approve spot bitcoin around 75% as reported today is that also positive? But there is no impact that makes the price bounce back, bitcoin now continues to weaken and we certainly never know the main cause.

In conclusion many point to the fact that the whales are now preparing to continue to buy below, that is only partly an assumption but we think again this is in a downtrend still not the time for recovery.

Rumors and predictions about ETFs proposals being accepted seem like another trap that someone wants us to fall into and believe that it will happen. If you read the news today, you will see that the SEC rejected 7 ETFs proposals at the same time and that immediately sent bitcoin back to $26k, just like there was never any increase. And with this, it is harder than ever to expect bitcoin to return to the $30k. I used to expect bitcoin to reach $35k or $40k by the end of this year, but I'm starting to think more negatively, we are unlikely to see $35k this year.

If anyone is thinking that the SEC's recognition of the ETF will bring Bitcoin higher to $40,000, then the person must be a joker of the century. Even if they approved it, the news will spike it and will still subside over a short time as this is just overhyped by people, not that it really has that much importance on Bitcoin and cryptocurrencies that are already inculcated in the mainstream of the financial market. The market could be delusional, which is why news like this and the expectation from people would be moving the market. But in practice, if they eventually approve of it, the effect might not be as much as they thought.

Technically and with the news surrounding cryptos thus far, it will surely get past $30,000 again this year but certainly not up to $40,000. The resistance below the level will be too powerful for Bitcoin to breach higher.

No one is saying that SEC approval ETFs will help bitcoin reach $40k immediately but it will clearly have a positive impact on the market even though it may only be short term as you stated. If you say that ETF recommendations have no impact, why do so many people expect that? The market even reacted positively when there was news that the SEC lost the case against Grayscale also related to ETFs?

I have no prediction on where bitcoin will go in the last months of the year, but I would like to know how can you be sure that bitcoin won't hit $40k before the end of the year?

[TravelMug]

As of now the market is continuing to move on the bearish path. We should be ready to make the possible investment than thinking of whether the price will bump high or not. For now it is really hard to make a prediction on the price of bitcoin. Days back a bounce happened and the same is connected with the application X and now once again the market have begun to crawl downward. Maybe this can touch $20k or could move towards $30k, we need to be careful with our plans.

In the last few weeks, the price of Bitcoin has continued to experience correction and it happened slowly, but in the last few days there was a slight dip but it didn't last long.
Currently, prices are very difficult to predict, but I am sure there will be no significant movements, so everything is still possible.
It is possible that we will return to the price of 30k and it is also possible that this decline will continue, so we must apply our respective strategies to take advantage of this moment to take profits.

It just shows how volatile the market was, one day we thought that we are out of the woods when we go to $27,500. But at the start of the month, suddenly the price dips, goes to $25k, but hopefully we can maintain in the highs and not go low as there are chances that it can go to $24k or even lower as the morale of the market is on low.

Not sure how we could get and take profits when the market is down though. The rule of thumb is to sell at high so that we can maximized our profits. Unless you really need some fiat money for emergencies, it is not recommended to sell at this point.

[Jody.Drummer]

As of now the market is continuing to move on the bearish path. We should be ready to make the possible investment than thinking of whether the price will bump high or not. For now it is really hard to make a prediction on the price of bitcoin. Days back a bounce happened and the same is connected with the application X and now once again the market have begun to crawl downward. Maybe this can touch $20k or could move towards $30k, we need to be careful with our plans.

In the last few weeks, the price of Bitcoin has continued to experience correction and it happened slowly, but in the last few days there was a slight dip but it didn't last long.
Currently, prices are very difficult to predict, but I am sure there will be no significant movements, so everything is still possible.
It is possible that we will return to the price of 30k and it is also possible that this decline will continue, so we must apply our respective strategies to take advantage of this moment to take profits.

It just shows how volatile the market was, one day we thought that we are out of the woods when we go to $27,500. But at the start of the month, suddenly the price dips, goes to $25k, but hopefully we can maintain in the highs and not go low as there are chances that it can go to $24k or even lower as the morale of the market is on low.

Not sure how we could get and take profits when the market is down though. The rule of thumb is to sell at high so that we can maximized our profits. Unless you really need some fiat money for emergencies, it is not recommended to sell at this point.
'

Therefore I also often emphasize to some of my colleagues, use money that will not be used for other purposes, because clearly it will be very troublesome for us in the HOLD problem, if we use money that we do not use for other needs. then we will not worry too much when we see very surprising price fluctuations like now. Now bitcoin is down and I see it is at $25k, from the confirmation of the trend that occurred in my opinion this is the lowest point, meaning that the price of bitcoin has reached support as before, and by looking at the indications that this has happened then I think the next few weeks the price will go back up. this is according to my assumption after seeing the formation that occurred.
But yeah right, like you said, we can only pray that the price is bullish again so we can get back into a profitable position, maybe there are some of them who want to take it, so stay patient for something bigger.

[wallet4bitcoin]

I see Bitcoin surpassing $30,000 but not immediately. There are too much noise on negative fundamentals making the direction of the market undecided. People will flow in with buy pressure once they understand the direction of the market, except for people buying Bitcoin as store of value, the institutions are actually enjoying the consolidtion as it gives them enough window to fill their bags.

[Pamadar]

I see Bitcoin surpassing $30,000 but not immediately. There are too much noise on negative fundamentals making the direction of the market undecided. People will flow in with buy pressure once they understand the direction of the market, except for people buying Bitcoin as store of value, the institutions are actually enjoying the consolidtion as it gives them enough window to fill their bags.

Yeah, compared with those who are keeping on refilling their bags, the market still showing undecided directions, making it hard
for investors to throw their money inside.

Most of those day traders are having difficulty with how the market is moving, reaching $30K is still possible
and it's not that far to happen.

With the expectation of this upcoming halving, we may see more fall before the market will decide to pump
strongly and bring all that support to continue the rise.

[kotajikikox]

With the provided link and the picture you can tell for you self if the price will go above $30k or not https://coinmarketcap.com/currencies/bitcoin/#Chart

I missed seeing that level mate, 2 weeks ago I also aiming to see bitcoin breaking more than 30k as the price tries to break away from that level sadly, now as we are closing August ?
it recovers a little but still hardly to pass 27k and seems to be stagnant now.
lets have a complete belief that recovery will come in the coming days.