Topic: Bitcoin $40000 resistance - page 2. (Read 660 times)

Bitcoin have consistently resisted the below $40,000 and this has continued for the past few days if the price can go above the 45k Bitcoin price there will be the possibility of a new all-time high moving on to 50k and even 70k before the end of 2022 as we saw Bitcoin making such bull move in the last quarter of 2021, well if am to give my general opinion I will suggest we keep holding Bitcoin as against other coins in the market.

This does happen whenever we need cash. This is why people say that "do not invest with money that you can't afford to lose" for a reason, but at the same time life throws things at you that you will never be able to see beforehand. I have sold my coins before as well, 2 times at near the top price so I am lucky, but one when it was down as well. So, we should not really be expecting life to be at a linear line where we can save money, put it on crypto, and never need it.

Sometimes life happens and you need to cash it out. Whenever you cash out, there is always a chance of it going up right after you sell it, and also a chance it could drop right back down as well.

Much harder to guess especially the long and short are at an equal position and they both seem to hold on to what they believe in. My take on the current movement in the market is just observe, see if there are more factors that might affect the market even more, for better or for worse.

So it seems that the resistance phase of bitcoin is at 40k usd right now, it is hard to guess if the price will go up or down in the next few weeks. Today the market looks good as the bitcoin price has risen a bit and got +5% since last week. I think the volatility will be between 35-45k usd in the next 2-3 months, but later in the summer we will see an increase in the price of btc up to 60k or even more.

The initial price of 2022 although far below the new ATH 2021 ago but in my opinion it was more stable, but the potential to skyrocket would always be great because in early March the price of Bitcoin rose more than 13% in a day, and in my option to continue to rise and more stable Great and I'm sure March will touch $ 50k.

     If you are talking about spot buying them that's fine you just have to DCA. Although the best buys were at 34k-39k now still a good chance. It depends entirely on the type of investor you are. If you are the type to hild for 6 months and above, then good. But if you are more of a short term holder, better wait for big movements. I suggest mid summer. Not a financial advice though. Just sharing my plans. Although I do leverage as well, I stay on low time frames at the moment since the markets is currently too sensitive to the macros and news.

I think it's more of bitcoin corrected itself having reach a new all time high last year. But I would say that there is still the demand for it, maybe it's just the investors are reluctant that's why we have face big resistance since the start of the year. However, getting above $40k again without any positive news is a good indication that we can still be bouncing around that range for quite some time before we can retest $50k again.

If we are in the bear market, then chances are the price will continue it's downward path as we have seen in the past. The only hope for us is that the price drop is not going to be huge and quick, as we have seen as the price is slowly going up again to $40,000.

Nevertheless, April historically is not a good month so I will advise everyone to brace themselves because if history repeats itself again, then we could see the price below $40,000, IMHO.

As a result of unbalanced demand and expenditure, so that bitcoin occurs up and down at a certain price, coupled with other cases that are currently happening make bitcoin corrected until now, so far bitcoin has not shown a correction at the lowest price, this resistance is likely to occur in a certain time, which is caused by events that can affect bitcoin's plunge at its lowest price, but on the other hand this pattern is a new stage of achieving ATH, where in previous years we saw it like that, anything can happen to bitcoin, a volatile market is difficult for us to predict

The price of bitcoin was dropped from ATH to $50000 because of correction which is a bear market, the drop to $40000 is a bear market also but can still be said to be correct as well, it depends on what happen next if bitcoin will still drop to $30000 or below $30000 before bull run starts again.

I do not exactly know what will happen in recent time, I do not know of the price if bitcoin price will increase or decrease, I do not know if the price will drop below $30000 which is very possible. My speculation is just based on long term that if someone hold bitcoin now, there will be a time bitcoin price will reach six digits. But in short time, I do not know what exactly will happen.

That is a clear reason of not breaking the barricade and not just 40k mate, because Bitcoin crossed 41k today but sadly drops back to 39k, and the saddest part is I have sold some of My bitcoin yesterday because i Badly needed cash not knowing that it will increase by 7% just after 8hours of my selling time lol.

so lets see how this will cross 45k again to show how we can break 50k once again this year.

if there is any chance that we will make it then surely the 60k is possible once again this year.

in fact, in terms of speculation, it is very difficult to give accurate results. it's just that, personally, this might be a good time to buy bitcoins. the reason is, as you said, after the bitcoin price hit $69k, the bitcoin price dropped down, and is at its current price. however, $40k is the price of resistance now. however, I think the potential right now is huge for bitcoin to hit the $45k minimum price again. however, the drop in bitcoin price from $69k to $50k was due to a correction, and the drop in bitcoin price from $50k to its current price was due to a bear market. Currently, there is not enough good news from bitcoin to see its price rise again. but the fact is, the current development of bitcoin in the real world is really growing fast, I even wonder why bitcoin hasn't gone up to its current $50k price. well, i believe that bitcoin price could go up again, so personally, buying at this time is a pretty good thing.

Another source of information, based on research and price analysis conducted by the cointelegraph team on the 14th yesterday, they estimate the decline in the price of bitcoin could reach the deepest price of $37k. well, to date, the price of bitcoin has even gone up to a price of $40k. besides, if this bulls continues, there is a potential for bitcoin price to hit $42.5k in the near term, well, let's hope it can push up to $45k.

The price is once again very close to the 40k resistance level but it is failing to breakout away from it and surpassing it, however this should not be surprising at all, after the war at Ukraine began investors were looking for either a fast resolution to the conflict or for peace talks to succeed between the two parties, and we are not seeing either of those two scenarios, so investors all over the world are worried as now the US even threatened China that they will get sanctions imposed on them as well if they support Russia, so the potential scenarios are getting worse instead of getting any better and this is affecting all markets.

I do believe that the strong resistance is a bit more relaxed these days. I would like to actually believe that there is a good chance that we could drop under all the supports very easily. Because of this I believe that resistance of 40k, or anything under is not really as strong as we believe it to be strong. The reality is that we are not really doing all that well against resistance points at all.

This is why I am not really hopeful whenever I see these type of situations arise, and people getting hopeful about them. The good news is resistances are also not that bad neither, supports and resistances are there for show if you ask me, we can go under or above them easily.

The bold part is what we should do in times like this, and that is to take the situation positively instead of thinking bad on how long we're going to wait before the bullrun occur again because its uncertain. The $40k resistance seems hard to break as the price is struggling to move upward consistently. Thus it would be better to refrain from monitoring the market for a while, it can help to not think negatively that we might experience a long bearish market.

It happens to me every week, and also those short term traders take advantage. Therefore, this level could remain for a longer period and not be guaranteed. The resistance may break then Bitcoin will change support levels. We might be in for some sideways movement. There are a lot of bears out there. However, we believe there is a bullish pattern ahead.

Have you shorted or continue to buy?

Or if they didn't sell at the top, it's better to continue to accumulate when the price goes below $40k. Resistance along this price line is very strong, as we're having a difficult time to break it. And if we do break it, the price will not stay that long as short term traders takes advantage and sell to make a quick profit. And with this kind fo scenario, it's better to really just buy bitcoin whenever you can for your retirement or just for your future and for your children's future.

And now returns back to Below 40k ? the price now stands at 39k and seemingly fall down again to 38k later  https://coinmarketcap.com/currencies/bitcoin/

we cannot call this as resistance price because we often fall from 30kish but breaking 40k multiple times, as we almost climb back to 43k yesterday .

so i believe that the resistance is at 50k because last month we took 45k again but of course in shorter time.

I'll tell you guys a secret that can help you make future trading decisions. Think about the best and the worst thing that can happen with the price based on bitcoin's history and compare the risk.
For instance, at this point we are already -45% from the top, how much room to the downside there is and how much to the upside. You can expect Bitcoin to at least touch the ATH once again at the next halving. If it gets rejected it will be the first time in history, but you will have a chance to sell at 2x from this price. If it goes down it's maybe another -30% and that's it.
So you have a chance of earning over 2x from here, possibly even 2,5x if we go to a new ATH in a year. On the downside we can drop to 25k. I like this odds but if you're scared wait a bit and start buying when we hit 35k again.

Every time, the market price of bitcoin will set up at certain resistance. Now the bitcoin price was attained at the resistance of 40k dollars.When the coin in the market, was red. You should buy huge amount of coin with good value.
Waiting for longer for the resistance to over come.When the resistance was braked.We can expected for the new high value of 45k dollars in the bitcoin price.Their was huge fall in the bitcoin price now.