Post
Topic
Board Speculation
Re: Will BTC go above $30,000?
by
cryptomaniac_xxx
on 25/08/2023, 20:20:20 UTC
Surely everyone is optimistic that the price will soon pass $ 30k, in my opinion the question is when $ 30k can happen? If you see the current situation, it is certainly very difficult to see Bitcoin can pass $ 30K, it is proven that the price since March which can reach $ 30k and then go down again as it is happening now.
It might look difficult though, but I guess we have seen and surpass $30k already, so it's just a matter of time before we can go back to that price range. Maybe not for this month as obviously we have suffered a huge decline and all other gains have been wipe out already.

That is true, $30k has been unlocked several times this year, but it's a bit tough to maintain that price level. We really don't know what's the reason, the only thing that i can think is that is a mental barrier for everyone, meaning once they see it, they will immediately put their sell orders.

But maybe in the last quarter of the year, we might see some change in the price and investors looking very bullish about bitcoin and then we can go above $30k again. So let's see, let this month pass by, I mean we don't want to see a decline but we have to take everything in stride and just remain calm.

We will see, only time can tell and if indeed investors are bullish to be in the last quarter of the year. Maybe historically we are, but market tends to be very different every year so it could go the other way, or the pattern continues.