Bitcoin $40000 resistance - page 4. | Bitcointalksearch.org

fzkto

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Quote from: Ararbermas on March 10, 2022, 06:01:50 AM

Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market

keep holding if you still have bitcoin in your wallet mate, because market is gradually gaining strength on this current situation despite of fluctuation. And there are already some respected key levels in the support using higher time frame which means a positive sign that there will be possibility bitcoin will bounce back in the near future, So be patient.

However if you want to buy more bitcoin , i suggest wait for more results or confirmation and never buy against the trend because it can cause losses afterwards especially when there's a fluctuation. So always remember to follow the trend when it comes buying to assure the results will be fine.

What do you think the trend is right now?

I see that we are now in a local uptrend with frequent corrections, we cannot get above 40k. Buying volumes are starting to emerge. But if we look at the global picture, we have been falling with bounces since November 2021. So it is not quite clear at what levels you are suggesting to buy.

Ararbermas

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Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market

keep holding if you still have bitcoin in your wallet mate, because market is gradually gaining strength on this current situation despite of fluctuation. And there are already some respected key levels in the support using higher time frame which means a positive sign that there will be possibility bitcoin will bounce back in the near future, So be patient.

However if you want to buy more bitcoin , i suggest wait for more results or confirmation and never buy against the trend because it can cause losses afterwards especially when there's a fluctuation. So always remember to follow the trend when it comes buying to assure the results will be fine.

Chato1977

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Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

Just hang in there mate , in this kind of market there is no best way but to keep holding and let our funds stay for long time from now.

because we might see another dumping in which we will feel guilt? or we will see bullrun and we will see success .

Oshosondy

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Quote from: peter0425 on March 09, 2022, 09:33:44 PM

ATH again? we knew that this only happens to mostly every 4 years .

Do not get me wrong, it can be in long time before ATH can be attained, but I am speculating only on short time that in long time, ATH will still be achieved.

Quote from: Fundamentals Of on March 09, 2022, 09:01:09 PM

These are uncertain times. I personally consider these uncertain times the best of time to buy Bitcoin.

What I am thinking is that so far bitcoin price can fall 5 times of its original price or more after previous three halving, if $69000 is the ATH, it makes me to think it is still possible bitcoin will fall below $30000 and a time when it may fall to almost $20000. I may not be rcorrect but just what I analysed.

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Quote from: Oshosondy on March 09, 2022, 04:33:33 AM

Quote from: traderethereum on March 09, 2022, 02:37:36 AM

If the bitcoin price can drop below $40,000, it's time to buy bitcoin but not buy ALL-IN because it's too risky.
I don't have accurate information because we can't predict where bitcoin will move.
We can only get ready to set a buy or sell target based on our analysis.
Right now is probably a good time to sell some of the bitcoins we have and if you can sell your bitcoin at a high price, you can place a buy for under $40,000.

I understand your strategy, it is a good one, buying at $40000, but not with all investment capital, it can be ¹/₄ of your investment capital, to be able to prepare if the market dip more below and buy more at certain price. But what I am just thinking is that bitcoin will fall below $40000, the price has started increasing since 10 hours ago as now at $42100 and still increasing, but I still think the resistance at $40000 is strong as it is also more likely the price will fall below $40000 again. You have a good investment advice.

We assume the price of bitcoin drops below $40000 as you might expect. That will be a good time to buy but you may buy with 1/4 of your investment capital.
Then we wait for the price movement and if the price continues to fall, we prepare some money to buy again.
But in my opinion, there is a possibility that the resistance at $40000 will move elsewhere and we have to be careful to see it.
At the moment, I think the ups and downs of bitcoin prices provide an opportunity for us to make profits rather than holding them for too long but it goes back to the investment strategy we want.
If you want to make bitcoin a long-term investment, then the ups and downs of bitcoin prices are not a problem.

peter0425

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Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.

Downrun ? am not sure that we really have because like what you said there is a possible resistance of 40k this year.

Quote

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

what will our suggestion happen to do ? will people buy if we suggest? common mate this is a desperate belief if you think this will help something.

Quote

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

ATH again? we knew that this only happens to mostly every 4 years .

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Quote from: KennyR on March 09, 2022, 06:59:31 PM

The market price of Bitcoin have bounced good. The positive news from the war between Ukraine and Russia seems the reason for the sudden recovery of the price. Ukraine have announced that we won't join NATO and announced that they're ready for talks. Once after this incident, the price of bitcoin grew from the range around $38k and crossed $40k. Once again it tested the major resistance area and trades around $42000. Maybe if there happens more positive news we can see regular rise than decline in the market.

But this kind of short term price fluctuations often times incorporate by a massive dump since there will be uncertainty on the next move. The current trend is highly relying on the news about war and we know that Russia will not gonna stop unless Ukraine full surrender there territory. I read recent news that Russia keeps bombing even there’s an ongoing peace talk. Ukraine decision for not joining NATO is good for them but this will just result for a temporary stand off since we all know the reason behind why Russia wants to get back Ukraine.

Fundamentals Of

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These are uncertain times. I personally consider these uncertain times the best of time to buy Bitcoin. The COVID pandemic is not yet gone. As a result, the economy is still not yet fully recovered. Debts are piling to unprecedented levels. Money printing has been at its fastest. Inflation is now reaching beyond moderate levels. War is happening. And there is the uncertainty that things will stop in Ukraine. Troop buildups are taking place in neighboring countries. There can't be a better time to hide our wealth in Bitcoin.

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The market price of Bitcoin have bounced good. The positive news from the war between Ukraine and Russia seems the reason for the sudden recovery of the price. Ukraine have announced that we won't join NATO and announced that they're ready for talks. Once after this incident, the price of bitcoin grew from the range around $38k and crossed $40k. Once again it tested the major resistance area and trades around $42000. Maybe if there happens more positive news we can see regular rise than decline in the market.

carlfebz2

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Quote from: cryptomaniac_xxx on March 09, 2022, 12:19:12 PM

And yet the price did break the $40k resistance today. It is surprising? of course, but it just shows that the so called resistance could be broken if there is some positive news around, same when there is some FUD the price will falter. So no need to sell at this point, much better to just really hold and look for the long term. At least, it will not complicated things on our part, instead of selling today and wait for the price to go down and then buy.

Its currently $41k as of this moment and it did really hit 42 as i had seen earlier but it wont really be that an assurance that we would really be staying on this level or this is some sort of testing out this resistance.

It isnt really that assured that we would be reaching 50k soon and this is a very common behavior of this market which is really that unpredictable.Now, it is really hard to consider whether we do sell out for profits

or wait up further more increase.We dont see any news or sentiments around except that Russia-UK war and the rest cant be seen.

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Quote from: LogitechMouse on March 09, 2022, 06:37:10 AM

Accurate information = certainties isn't it since you are asking for an information that has a high chance to happen. Well, certainties in the market is irrelevant and not applicable because it is only possibilities that can happens. We know that no one knows what will happen.

I remember my 2 friends just last week who bought Bitcoin at its peak. They shared it to me and told the mistake that they've done. Now they are a lose since thy bought at the peak. I just suggested to buy Bitcoin when the price is near or below $40,000 at least the risk is lesser and the reward is higher. Bitcoin will rise again and reach new ATH. Its only a matter of time when it will happen.

Just right now, Bitcoin is at the $42,000 price because of the leaked statement coming from Biden with regards to crypto but I doubt that it will sustain it because this might be a false breakout and we will go below $40,000 again in the next few days.

In reality, making money from bitcoin (and most crypto) is incredibly easy on paper, and very difficult for most people when actually doing it. You want the key to get rich? Alright, save 10% of your money and put it on some stablecoin, or better yet directly fiat on some exchange. Then start buying whenever bitcoin goes down, and keep buying as long as it keeps going down, then stop and hold when it is high. Keep doing that with your money for 20 years and you will retire as a wealthy person, not just rich but wealthy.

Because, if you buy bitcoin on each and every bottom, and keep saving money aside like that, it means you will end up with thousands of dollars put into bitcoin at the bottom, and waiting at the peak 20 years later when you want to retire. Now this "sounds" easy, but watch how everyone gets into panic mode whenever bitcoin price drops.

cryptomaniac_xxx

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And yet the price did break the $40k resistance today. It is surprising? of course, but it just shows that the so called resistance could be broken if there is some positive news around, same when there is some FUD the price will falter. So no need to sell at this point, much better to just really hold and look for the long term. At least, it will not complicated things on our part, instead of selling today and wait for the price to go down and then buy.

Reid

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You know there is no accurate analysis about the Bitcoin market, right?
I am just thankful it went back to $40k+ and this might avoid the panic that had been happening whenever it goes down $30k+. IMO, buy rate will rocket up at this point since they are again witnessing a chance for another bull.
If you are having doubts for buying now then do not do so. Just HODL what you have because no one is sure where it will fluctuate again this moment.
Consider the world events if it attracts a bull.

buwaytress

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You sure do a lot of thinking for someone asking us all for our "accurate" predictions. I mean, sure, I think of all the things you do, we're here on Bitcointalk so either are actual Bitcoin users (ha), actually hold or trade (but I know how to identify the regulars in Speculation) or we're just shooting the wind.

Here's my entirely gut-based analysis, which hasn't changed much over the past year:
- supercycle is bye-bye. The long rally from point A (2017 ATH) and point B (2021 ATH) was unlike any other ATH range in the past. Longest period, with smallest percentage gain, with the most gentle curve up.
- because of previous point, can't say if we're still in the long rally, or headed down for multi-year "winter". I'm thinking the latter, only because post-pandemic, post-fossilfuelwar pain is yet to come
- pricing in for next halving to start next year, and halving's my bible for ATH onset. So no more intense joy from now til 2025.

(May the markets prove me wrong)

aoluain

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In this current climate with war raging between Russia and Ukraine and sanctions
from pretty much every country globally towards Russia its very hard to make
an analysis on the markets.

This is virgin territory for Bitcoin as was COVID. This is what I'm thinking:

If the Bitcoin market drops below $35k I'll put my current DCA investment capital
into Bitcoin because I'm thinking as inflation continues to increase and the threat
of a global recession is around the corner there should be more demand to secure
and move wealth

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Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

Accurate information = certainties isn't it since you are asking for an information that has a high chance to happen. Well, certainties in the market is irrelevant and not applicable because it is only possibilities that can happens. We know that no one knows what will happen.

I remember my 2 friends just last week who bought Bitcoin at its peak. They shared it to me and told the mistake that they've done. Now they are a lose since thy bought at the peak. I just suggested to buy Bitcoin when the price is near or below $40,000 at least the risk is lesser and the reward is higher. Bitcoin will rise again and reach new ATH. Its only a matter of time when it will happen.

Just right now, Bitcoin is at the $42,000 price because of the leaked statement coming from Biden with regards to crypto but I doubt that it will sustain it because this might be a false breakout and we will go below $40,000 again in the next few days.

Oshosondy

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Quote from: traderethereum on March 09, 2022, 02:37:36 AM

If the bitcoin price can drop below $40,000, it's time to buy bitcoin but not buy ALL-IN because it's too risky.
I don't have accurate information because we can't predict where bitcoin will move.
We can only get ready to set a buy or sell target based on our analysis.
Right now is probably a good time to sell some of the bitcoins we have and if you can sell your bitcoin at a high price, you can place a buy for under $40,000.

I understand your strategy, it is a good one, buying at $40000, but not with all investment capital, it can be ¹/₄ of your investment capital, to be able to prepare if the market dip more below and buy more at certain price. But what I am just thinking is that bitcoin will fall below $40000, the price has started increasing since 10 hours ago as now at $42100 and still increasing, but I still think the resistance at $40000 is strong as it is also more likely the price will fall below $40000 again. You have a good investment advice.

traderethereum

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Maybe history has repeated itself this year but what is different is that the price of bitcoin keeps going up and down repeatedly and still providing benefits for us.
If the bitcoin price can drop below $40,000, it's time to buy bitcoin but not buy ALL-IN because it's too risky.
I don't have accurate information because we can't predict where bitcoin will move.
We can only get ready to set a buy or sell target based on our analysis.
Right now is probably a good time to sell some of the bitcoins we have and if you can sell your bitcoin at a high price, you can place a buy for under $40,000.

Wexnident

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Well, waiting never fails you imo, if you're in no rush to take profit in then yea, just wait. I'm of the opinion that we'd see steady movements for the next few months, ups and downs there but it wouldn't deviate much from where we are right now. Shorts might profit off of that, but hodlers wouldn't really get anything out of it. Still stand by my current strategy of going for DCA though, hasn't failed me yet and I don't think it ever will.

Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

Accurate doesn't mesh well with speculation imo.

Dave1

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Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.

We've seen the downturn already, the lowest low so far is $33k this January if my memory serves me right. So imagine we have a of time, so there is a big possibility that the price could go down still below $40k.

Quote from: Oshosondy on March 08, 2022, 02:08:23 PM

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

Hard to say, for average joe like the majority of us, maybe some of them are buying when the price hits below $40k. Or maybe they are waiting for the price to go down a bit, like the $35k that we witnessed a couple of days ago. So for now, I think the good buying price is $35k and below. But for whales, it might be a different story, I mean they have deep pockets so everything the price goes down, tendency is for them to buy and accumulate more BTC.

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