Will BTC go above $30,000?

[danadc]

For me $30k is just a number that bitcoin can reach at any time, will it reach it, when? It is not known but it may be that things start now, the price is at $27.8k and that does not mean that the price will stay there, some say that they find the market boring, but I prefer to see it so it goes down and stays down , it is better that the price continues as it is and that this week there is a nice rise in price, the things that can be good when the price stays there do not go down and if it goes up it stays the same, for me it is more comprehensive if it does it that way way , it is less likely to fall ugly.

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[wiss19]

The current top for this year doesn’t reflect the limitations on how high it can go this year. If you will use Bollinger Band indicator on monthly basis. You can notice that it sits on the middle channel which means there’s a chance to pump more higher than 31k this year.

What about market sentiment? I don't see a lot of confidence in the market at the moment, most retail investors are holding back and probably expecting a traceback later this year because even if the halving event is next year, we might still see a lower price while moving into the new year.

Also Bitcoin usually start to make strong move on the last quarter of the year especially Bitcoin halving is already around the corner next year. There’s still chance to see some price explosion once everyone unites to become bullish due to the halving.

We didn't really see that happening on a lot of occasions, and we hope it does this time but the possibilities aren't aligning that way and it seems that the price will keep going sideways for the remaining couple of months and then we might see some movement at the beginning of the new year.

[Yaunfitda]

For me $30k is just a number that bitcoin can reach at any time, will it reach it, when? It is not known but it may be that things start now, the price is at $27.8k and that does not mean that the price will stay there, some say that they find the market boring, but I prefer to see it so it goes down and stays down , it is better that the price continues as it is and that this week there is a nice rise in price, the things that can be good when the price stays there do not go down and if it goes up it stays the same, for me it is more comprehensive if it does it that way way , it is less likely to fall ugly.

We've reach it already, and if I'm not mistaken, twice for this year, so yeah it's not a number that we can't breach. The problem is that it's hard to sustain it, because once we reach that price, it will go down suddenly. And obviously, this are round numbers and speculators are waiting for that price to reach and then they are going to sell to make short term profits. But currently in the last 24 hours, prices is up 2%+, we are now at $28,400 and most likely if this is a true rally and not a manipulation, maybe at the end of this month, we can get closer to $30k. So short term, or at least at the end of the year, $30k will still be the barrier that we need to break.

[fzkto]

The current top for this year doesn’t reflect the limitations on how high it can go this year. If you will use Bollinger Band indicator on monthly basis. You can notice that it sits on the middle channel which means there’s a chance to pump more higher than 31k this year.

What about market sentiment? I don't see a lot of confidence in the market at the moment, most retail investors are holding back and probably expecting a traceback later this year because even if the halving event is next year, we might still see a lower price while moving into the new year.

Also Bitcoin usually start to make strong move on the last quarter of the year especially Bitcoin halving is already around the corner next year. There’s still chance to see some price explosion once everyone unites to become bullish due to the halving.

We didn't really see that happening on a lot of occasions, and we hope it does this time but the possibilities aren't aligning that way and it seems that the price will keep going sideways for the remaining couple of months and then we might see some movement at the beginning of the new year.

I too believe that there is no good sentiment in the market. You can see that people are not buying cryptocurrencies, so the bitcoin price is either falling or staying in a sideways movement. Although the bitcoin price has doubled this year, there is now a possibility that the bottom will happen again, especially if there is negativity in the stock market.

[Aanuoluwatofunmi]

Now we have tasted $30,000 as the market rises yesterday spontaneously, though it was believed to be as a result of fake news, yet we are more desperate to see the market pump even beyond this as we are getting closer to halving, more of these should be expected either from the news event trending or from the way the market demands increases or decreases on bitcoin supply, this makes October a month where $30,000 or more is very possible for the market to attain before November.

[ajiz138]

Now we have tasted $30,000 as the market rises yesterday spontaneously, though it was believed to be as a result of fake news, yet we are more desperate to see the market pump even beyond this as we are getting closer to halving, more of these should be expected either from the news event trending or from the way the market demands increases or decreases on bitcoin supply, this makes October a month where $30,000 or more is very possible for the market to attain before November.

Why should we despair, it is clear that it is fake news caused by the media, and admit that it was wrong.

Even though the fake news was published yesterday for a few minutes and later deleted, bitcoin still seems to be in a safe area - I feel $28K and above is quite good because of the positive response before even though there was negative news that was exciting it didn't make bitcoin return to the $27K area is clear the market can still maintain the price.

I'm sure this trend will not be much after the halving happens then it will trend more than this, although in October many are expecting $30K there is still room to get there with the remaining time available.

[Dimitri94]

With the FOMO created in the market in the last 2 days, many expect BTC to be bullish very soon. Moreover, if you look at the previous history of BTC, you can see a positive trend during this period. However, recently, various comments have been made around the approval of Bitcoin ETF. If the Bitcoin ETF is allowed by the SEC then the price of Bitcoin will undoubtedly go up to 40k or more. No ETF has approved yet but everyone around the market is paying close attention. Market can be bullish anytime. A final decision on ETF is likely to be made by next January. I think bitcoin will cross 30k before that time.

[Sophokles]

Now we have tasted $30,000 as the market rises yesterday spontaneously, though it was believed to be as a result of fake news, yet we are more desperate to see the market pump even beyond this as we are getting closer to halving, more of these should be expected either from the news event trending or from the way the market demands increases or decreases on bitcoin supply, this makes October a month where $30,000 or more is very possible for the market to attain before November.

30k level shows significant resistance even after such news. It will not be straight up to the market. There will be more ups and downs in the market and to make matters worse there can be a shake in the market to create panic for those investors who were patiently waiting for the halving. October is a month of bull so I won't be surprised if we see another correction in the months of November or December.

[Baofeng]

Now we have tasted $30,000 as the market rises yesterday spontaneously, though it was believed to be as a result of fake news, yet we are more desperate to see the market pump even beyond this as we are getting closer to halving, more of these should be expected either from the news event trending or from the way the market demands increases or decreases on bitcoin supply, this makes October a month where $30,000 or more is very possible for the market to attain before November.

30k level shows significant resistance even after such news. It will not be straight up to the market. There will be more ups and downs in the market and to make matters worse there can be a shake in the market to create panic for those investors who were patiently waiting for the halving. October is a month of bull so I won't be surprised if we see another correction in the months of November or December.

Yeah, everything was fake then, the rise because of that news from cointelegraph. But it just shows that we can reach that price again if there will be significant and true news like the approval of Bitcoin spot ETF.

Although the price is still at the uptick of $28,400. And with another 2 weeks or so this month, who knows. Maybe there will be another news, this time it's real that will push the price above $30k and then sustain that right because of that news this month.

[seanskie18]

While some people believe in the long-term potential of certain cryptocurrencies, it's also crucial to be prepared for market fluctuations. Investing in cryptocurrencies can be volatile, and it's essential to do your research and consider your risk tolerance before making decisions. Diversifying your investments and having a clear strategy can help manage risk. Remember, no one can predict the future of the crypto market with certainty.

[gunhell16]

For me $30k is just a number that bitcoin can reach at any time, will it reach it, when? It is not known but it may be that things start now, the price is at $27.8k and that does not mean that the price will stay there, some say that they find the market boring, but I prefer to see it so it goes down and stays down , it is better that the price continues as it is and that this week there is a nice rise in price, the things that can be good when the price stays there do not go down and if it goes up it stays the same, for me it is more comprehensive if it does it that way way , it is less likely to fall ugly.

Yes, that has already happened at some point. That's how it is with a volatile asset; it just plunged another 28k more. The news turned proven to be a hoax simply because it was false and so many people believed it, which quickly drove up the price of Bitcoin. To put it simply, the information provided by a reputable article site is untrue.

We definitely would have benefited right away if we had known it would happen, don't you think? But even so, as long as there is a chance, we will keep fighting here in the field where we live and gather.

[STT]

Bullish action despite a negative daily candle.  Its only quite slight but mostly we have registered above prior gains, showing no continued loss from that initial gain.   A foothold might be in progress would could further gains at some point, my ideal here would be to close above 28500 as this is relating to the overall decline from mid July but perhaps not essentially just now for future positive moves.
   Bull flag in short seems fair conclusion, looks better on hourly bars then daily its good movement so far anyway.  Never take short term action as too certain its always risky.

[Chato1977]

are you really concern about the potential increase such low? that is not even half of the recent bullrun so why care about that nonsense increase when what we need to talk is the potential ATH next year?
you guys keep talking about the increase month after month , hoping that there will be at least 10-20%   growth , why need to seek for this if the next Bull will give us multiple times of those expectations?
maybe coming to climb breaking 100k USD is what we have to look at,
if you are not then sorry but all of us are.

[Sexylizzy2813]

At this stage we're still looking at the positive move Bitcoin price has made in the last 7 days, getting to $28,600 is another positive step up in the crypto world and from the looks of things $30k is some how likely possible before half of next month.
I just hope the price just stick around the current price which is $28k till next week, hopefully it will make a possible move to $29k before the end of next week.

[Zigabel]

Going by biases on the chart, Bitcoin has tested the 30k resistance twice this year, so it's very possible it will break that resistance soon, after the halving which is drawing more speculations around Bitcoin, it's very likely after the halving Bitcoin would have gathered enough momentum to be able to break above the 30k resistance after which it will move towards the 35k resistance.

It will most likely come back to retest the 39k after which it will move ahead and may never comeback to it by the next bull run, Bitcoin is known for breaking a resistance and retesting after which it doesn't come back to it again especially when a bull run happens, I'm projecting it can possibly spike to 45k and after the bull run may come back to settle at 40 or 38k but I'm very sure it will break above 30k soonest, if am not exaggerating, by January or February next year just before the halving. Then it will get a retest during the halving and further pump there after ( this is not a financial advise.)

[Dimitri94]

For me $30k is just a number that bitcoin can reach at any time, will it reach it, when? It is not known but it may be that things start now, the price is at $27.8k and that does not mean that the price will stay there, some say that they find the market boring, but I prefer to see it so it goes down and stays down , it is better that the price continues as it is and that this week there is a nice rise in price, the things that can be good when the price stays there do not go down and if it goes up it stays the same, for me it is more comprehensive if it does it that way way , it is less likely to fall ugly.

If I were to make a Bitcoin price prediction considering the current situation, I would say that there is no chance of Bitcoin price going above $30K. There are several reasons behind this one of them is the current renewed Israeli-Palestinian war. On the other, the market was temporarily bullish due to the rumors about the ETF approval of Bitcoin and after the rumors, it started to bear down again. Moreover, the SEC has said that it will monitor it until next January and make an announcement. It is still doubtful whether Bitcoin ETF will be approved or not. So it doesn't seem likely that Bitcoin will surpass $30K at this moment.

[Renampun]

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.

returning to the basic formula, it is market sentiment that has a big influence on the price of bitcoin, there has been quite a lot of positive news about bitcoin circulating so far and that makes investors seem comfortable. Apart from that, the halving will occur in the next few months so there will be many people buying bitcoin for them to hold, perhaps before the year is out we will see the price of bitcoin above $30k.

[bayu7adi]

If I were to make a Bitcoin price prediction considering the current situation, I would say that there is no chance of Bitcoin price going above $30K. There are several reasons behind this one of them is the current renewed Israeli-Palestinian war. On the other, the market was temporarily bullish due to the rumors about the ETF approval of Bitcoin and after the rumors, it started to bear down again. Moreover, the SEC has said that it will monitor it until next January and make an announcement. It is still doubtful whether Bitcoin ETF will be approved or not. So it doesn't seem likely that Bitcoin will surpass $30K at this moment.

In my opinion, the Palestine-Israel conflict doesn't have a significant impact on Bitcoin's existence.

As for the recent bullish trend, it's indeed linked to the ETF. Although there's no official news regarding the SEC's decision yet, I believe it demonstrates the substantial interest of institutional investors in Bitcoin. Once BTC can be officially traded as per the proposal put forth by BlackRock Inc., it's highly likely that institutional investors will diversify up to 10-20% of their assets into Bitcoin.

The objective behind this diversification is to preserve currency value and hedge against inflation. In other words, BTC will likely experience a significant bull run before that announcement occurs, perhaps around January 2024 when valid news might be obtained. So, surpassing the 30k mark before the new year is quite plausible.

[Sexylizzy2813]

I never expected bitcoin price to get to $29,500 this early, was expecting that to happen next week but from the looks of things I think is going to be heading up to $32k+ before end of this week. And I hope as it has surpass $28k it won't go back to $27k, let's see how it will be like before Saturday.
At least some traders will rather stick to what the market is bringing other than rely on bloggers who feel they can see the future of Bitcoin price, is best we stay calm and let the market direct us or show us the next price at hand, let's expect $30k from next week.

[bestcoins1]

While some people believe in the long-term potential of certain cryptocurrencies, it's also crucial to be prepared for market fluctuations. Investing in cryptocurrencies can be volatile, and it's essential to do your research and consider your risk tolerance before making decisions. Diversifying your investments and having a clear strategy can help manage risk. Remember, no one can predict the future of the crypto market with certainty.

The future cannot be predicted accurately by all humans because until now no human has been able to read about the future in advance. Likewise with the future of the crypto market and all cryptocurrencies, but everyone can make research through things that have already happened so that everyone can have a slightly clearer picture that cryptocurrencies like Bitcoin are indeed worthy of being called cryptocurrencies that have the future is good through the number of users who are now starting to grow.

So making the decision to invest in Bitcoin is quite the right choice, although on the one hand, everyone must also be able to face every situation that occurs in the market, such as fluctuations and so on. And every investor who has made a decision for himself must have gone through several considerations first by analyzing the risks repeatedly so as not to make the wrong move on something as serious as this.