Will $30k BTC Support resist?

LuckyGamble · May 10, 2022

If it doesn't, we will go very low very fast,, but if it does, we might see another pump!

What do you think?

theshark99 · May 10, 2022

It will dump to $25k within two weeks

My mate invested $13.5k (All of his savings) when it was at $55k... so, yeah i dont know how he feels at the moment

LuckyGamble · May 10, 2022

theshark99 said:
It will dump to $25k within two weeks

My mate invested $13.5k (All of his savings) when it was at $55k... so, yeah i dont know how he feels at the moment

Yeah, FOMO breaks the portfolios every time lol.

Hopefully he hodls and hopefully price goes up as well in the future

pavan · May 10, 2022

i saw some recovery today in ETH but seems like it will go down again

AI_Python · May 10, 2022

I think people will continue to sell, but we will see ATH's in the coming months.
With the current inflation, Gold is bound to soar and then the USD will crash, and when that happens, I think BTC will soar as well.

LuckyGamble · May 10, 2022

AI_Python said:
I think BTC will soar as well.

Possibly, but each dollar's value will plumet so even if btc soars, it's purchase value will be lower compared to now; even if it's at a higher USD value per btc

AI_Python · May 10, 2022

LuckyGamble said:
Possibly, but each dollar's value will plumet so even if btc soars, it's purchase value will be lower compared to now; even if it's at a higher USD value per btc

Hmm, are you saying that everything else will be expensive to purchase, and therefore even if BTC's price has increased relative to the USD, it wouldn't make a huge difference in ROI?

ristoriel · May 10, 2022

It will go down further. My prediction is that: it's the right time for investors to get into the market and lock the BTCs for around 6-7 months because it's going to take time for the BTC to go up again.

LuckyGamble · May 10, 2022

ristoriel said:
It will go down further. My prediction is that: it's the right time for investors to get into the market and lock the BTCs for around 6-7 months because it's going to take time for the BTC to go up again.

I say to just keep waiting for that big crash and buy it. $30k is still too high. We need $10k-$20k and that's where im going all in.

montequila · May 10, 2022

I've been waiting for 20k for 1 year

PremiumAds · May 11, 2022

Got some friends that are day traders
BTC will drop all the way to 21k or even 18k
After that it will pump slowly to 100k within a couple years.

Chris Newman · May 11, 2022

Bitcoin will soon touch US$8000 & will then remain below US$10000 till we all are still alive. Short Bitcoin now and close the trade when Bitcoin touches US$10000 (will happen in a few months, read the following properly please) :-

Raj Kesu said:
Bitcoin price is being played by the big whales. Bitcoin price could even bottom out at US$8000 in a few months.
Tether regularly prints trillions of USDT (out of thin air) and sells it regularly at highly discounted prices to the big exchanges and the big whales. And the big exchanges & big whales work together regularly and use this regular flow of cheaply acquired funding to manipulate Bitcoin price on an ongoing basis, in order to regularly liquidate long trades and short trades, as when trades get liquidated, the exchanges make a LOT of profits, in which the whales also have their cut, which is in millions of US dollars a day, daily.
This is why 90% of crypto traders lose money, because in crypto trading, technical analysis and fundamental analysis means nothing much.
And all crypto traders like idiots are looking at technical and fundamental analysis. Bitcoin price is in the hands of the big whales and all other coins and altcoins prices fluctuate as per Bitcoin price.

bartosimpsonio · May 11, 2022

First gotta understand the reason for it being -50% since ATH. What's up? Fed? Bad news?

Before we can speculate on price, we gotta understand what's behind this move.

terrycody · May 11, 2022

PremiumAds said:
After that it will pump slowly to 100k within a couple years.

But you never know.

I mean, its all guess. Anything can happen on Bitcoin, no one knows if it will rocket to moon or just hanging around 10K or whatever. If everything country in this world decides crack down the cryptocurrencies because they are not environment friendly, they just dip and won't back to high forever.

And I can see the possibility is really high.

Starlady · May 11, 2022

I think it will resist!!!

bestspinner · May 11, 2022

Purchase now, and then purchase more when the price drops.

loukeyzee · May 11, 2022

BTC looking very fragile

LuckyGamble · May 11, 2022

bestspinner said:
Purchase now, and then purchase more when the price drops.

Or what everyone does:

1. Buy Now
2. Panic sell when price drops

Scorpion Ghost · May 11, 2022

For the guys that are saying that BTC is going down and staying down forever. I keep an open mind right, but every time BTC has dropped in the past, the same things were said. Then a while later BTC rises and breaks the previous ATH and goes crazy.

So this time I'm not listening to you guys. I mean, I'm listening, but I'm not taking you too seriously. Thank you

Laireute · May 11, 2022

montequila said:
I've been waiting for 20k for 1 year

20k is very unlikely. BTC is simply in a long consolidation state now and it will recover very soon.

Will $30k BTC Support resist?

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