Bitcoin $40000 resistance - page 5. | Bitcointalksearch.org

uneng

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There are all the kinds of predictions around, you just have to pick one of them. Tongue

We are living a very unstable scenario of an eternal economical crisis that never ends, followed by a global pandemic, followed by a war which we don't know yet where it will drive us. Nobody can give accurate answers, even the authorities are unable to do so. If you trust bitcoin's potential and see it can be an useful tool to protect your money against devaluation on long run, go for it.

But if you are fearful of crypto and don't see a bull run happening on the following year, you may put your money somewhere else, like buying gold, a piece of land or a house/apartment, if you have enough money.

sheenshane

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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.

You've already said it, you believed on Bitcoin that there could be an ATH so it means Bitcoin will increase by your belief.
There's no one exactly give you an accurate answer to this because we know Bitcoin is unpredictable and as I suggest invest only of what you can afford and can willing to wait until your profit was there.

There's a lot of technical analysis that we heard but all of them are predicting the market. Considering that no one of them accurately can guess what will happen in the future. Just take my advice above if you believe in Bitcoin.

Oceat

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Quote from: bittraffic on March 08, 2022, 06:38:31 PM

There is really no assurance where the bitcoin market will go while there is still war and what is coming yet. There might just be a bigger event coming. While you want to make money from speculating the market, you could also make a big mistake when you put all your funds into investing. The price could still go down the road as war prolongs.

If this war escalates, into a bigger situation we all could be suffering from products that don't reach out in our country which you may need more paper money than investing it. The resistance I see is $45k.

They said war would help Bitcoin to pump yet I only saw a temporary pump last week and it dip faster than I thought. I think we are in a bear market already if it's hard to break the $40k or $45k resistance then most likely we are going in a bear market soon. But for TA it doesn't show a bear sign yet but a normal movement of the market as traders making their own profit.

To OP, there is no accurate prediction in this very volatile market, you only make an educated guess based on TA or FA.

bittraffic

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There is really no assurance where the bitcoin market will go while there is still war and what is coming yet. There might just be a bigger event coming. While you want to make money from speculating the market, you could also make a big mistake when you put all your funds into investing. The price could still go down the road as war prolongs.

If this war escalates, into a bigger situation we all could be suffering from products that don't reach out in our country which you may need more paper money than investing it. The resistance I see is $45k.

Silberman

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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.

If there is one thing that is scarce when the market is moving the way it is moving is accurate information, at this point everyone is speculating about what the market will do and what we should do ourselves based on those predictions, personally I do not believe the price will go through a sustained decrease, we may see a correction or two but the market will react quickly and recover, however a bull run is out of the question as well, so I expect the market to move like this for weeks if not months.

GreatArkansas

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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.

For the technical side, I can say that $40,000 is the resistance now and $30,000 is the support. So, it's up to you how you trade or buy, are you buying dips or breakouts? This is very difficult, but I highly suggest you to try to analyze to like basic chart analysis or some fundamentals or basing on the price history of Bitcoin, it will help you to decide.

goaldigger

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This is just a prediction and there’s no accurate details for this one even if you analyze the market, that can’t still any guarantee to you. Bitcoin is trying to stay above the support level and now aiming to break the resistance.

If $40k can be break, we can expect for another bullish trend. Breaking Resistance level is always a good sign of bull trend. Bitcoin will do its break to make this happen, but of course we need new money to come into this market and invest again with Bitcoin.

rhomelmabini

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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.

We can't say if it's bulls or bears are dominant this time, a trap is most likely just on the other side of the story. No one can predict a very volatile market as it's hard tbh, I can say that DCA is the best thing to do for the most part of where we are right now, that's literally what I am in.

Yaunfitda

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Not really sure what kind of "accurate" prediction you are asking because there are none, everyone is just making wild educated guess.

So I guess short term goal is to break that $40k resistance and maintain it.

Long term, at least get to $50k, but I doubt that we will reach new all time high for this year as obviously, we are going into a huge retracement or as others may have to put it, we are in a bear market.

carlfebz2

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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.

When dealing with this market then there's no assurance about accurate information because no one do able to predict on what would happen ahead thats why it is really hard to make out predictions because no matter

how good your analysis would be but still this market could really fucked you up thats why on every move that you would make would be having corresponding risk and it would be really no assurance.
So when you do make a move like buying back on cheaper price wouldnt assure that you do make out a good decision.

Oshosondy

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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.

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