Topic: Bitcoin Breaks Past The $40,000 Barrier Again? (Read 804 times)

Quote from: StreakW on August 10, 2022, 10:38:59 AM

Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021.

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

I think the crypto market is starting to creep down as the bitcoin price has hit the $34k price level again and several other major altcoins are trading unstable at the moment. Therefore, overall the market seems to be starting to experience a price decline and is heading towards the red zone at the moment and potentially experiencing a correction trend in the next few weeks.

it has been said mate , now the price is dropping and badly reaches the lowest of 31k

https://coinmarketcap.com/currencies/bitcoin/

and seeing the market moves? there are still something that may happen badly in the next coming days .
Maybe there is a chance that we Hit 25 or 20k back again and this sudden me thinking that i did not sold my coins while in 48k .

Right. When referring to the charts in the market, it is seen that bitcoin is still moving on a downward rail. If bitcoin is not able to maintain the current support area, then there is a possibility that BTC will drop further with the nearest potential target being in the $21k price range.

the most important thing is that the price of Bitcoin does not experience a dump below $20k again,
if it does, then bitcoin could potentially go to a lower low, maybe to $15k, yes, hopefully it won't happen,
and hopefully the next CPI in America has good news again

Chainsmokers

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Quote from: Reatim on May 10, 2022, 02:59:16 AM

Quote from: Reatim on May 10, 2022, 02:59:16 AM

Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021.

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

I think the crypto market is starting to creep down as the bitcoin price has hit the $34k price level again and several other major altcoins are trading unstable at the moment. Therefore, overall the market seems to be starting to experience a price decline and is heading towards the red zone at the moment and potentially experiencing a correction trend in the next few weeks.

it has been said mate , now the price is dropping and badly reaches the lowest of 31k

https://coinmarketcap.com/currencies/bitcoin/

and seeing the market moves? there are still something that may happen badly in the next coming days .
Maybe there is a chance that we Hit 25 or 20k back again and this sudden me thinking that i did not sold my coins while in 48k .

Right. When referring to the charts in the market, it is seen that bitcoin is still moving on a downward rail. If bitcoin is not able to maintain the current support area, then there is a possibility that BTC will drop further with the nearest potential target being in the $21k price range.

I think the price of BItcoin will continue to increase, and the support at $22k will last,
today you can see it in the market, the price of Bitcoin is trying to breakout from $25k,
but it's still not strong, hopefully it can break through and reach $30k

Baofeng

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It's just somewhat funny to go back to this kind of thread, the last update was May and we are talking about the $30k'ish barrier. And then we went down and hit lowest low in $17,600 and now it seems the market is somewhat on a short term bullish trend.

and now we are going to attempt to break in $30k again, this is what I'm somewhat looking to see so that at least we may be safe to say that the bottom is in and we could be in a bullish run till December and maybe $40k is on the horizon.

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Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021.

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

I think the crypto market is starting to creep down as the bitcoin price has hit the $34k price level again and several other major altcoins are trading unstable at the moment. Therefore, overall the market seems to be starting to experience a price decline and is heading towards the red zone at the moment and potentially experiencing a correction trend in the next few weeks.

it has been said mate , now the price is dropping and badly reaches the lowest of 31k

https://coinmarketcap.com/currencies/bitcoin/

and seeing the market moves? there are still something that may happen badly in the next coming days .
Maybe there is a chance that we Hit 25 or 20k back again and this sudden me thinking that i did not sold my coins while in 48k .

Right. When referring to the charts in the market, it is seen that bitcoin is still moving on a downward rail. If bitcoin is not able to maintain the current support area, then there is a possibility that BTC will drop further with the nearest potential target being in the $21k price range.

Reatim

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Quote from: 19Nov16 on May 02, 2022, 09:10:13 AM

Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021.

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

I think the crypto market is starting to creep down as the bitcoin price has hit the $34k price level again and several other major altcoins are trading unstable at the moment. Therefore, overall the market seems to be starting to experience a price decline and is heading towards the red zone at the moment and potentially experiencing a correction trend in the next few weeks.

it has been said mate , now the price is dropping and badly reaches the lowest of 31k

https://coinmarketcap.com/currencies/bitcoin/

and seeing the market moves? there are still something that may happen badly in the next coming days .
Maybe there is a chance that we Hit 25 or 20k back again and this sudden me thinking that i did not sold my coins while in 48k .

rodskee

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More than 4 months the price of Bitcoin is in the range of $ 40K, when in early April the price of Bitcoin is almost $ 50k, I am optimistic that it will continue to rise, unfortunately there is another correction so as to make prices fall and look stable in the range of $ 40K. But I am optimistic that in May now the price will soon hit $ 50k.

stop calling it as correction when there are no basis at all, what is the price to be corrected at all when you clearly mention that the price range stays at 40k?

correction will take place if there is a big Pump and investors are taking their profit from their Holdings .

but looking at the market now? it is seemingly that there are manipulation that happening in which Whales loves to do, and also if there is a correction ? it must be in the mid of april and not this May .

Quote from: arufox on May 03, 2022, 08:00:30 AM

Even though the bitcoin price is currently trading at around $38k, I don't think bitcoin will have any obstacle to hitting $40k again. Even a few weeks ago the price of bitcoin had gone up in the $47k area. Therefore I believe that the bitcoin price will soon rise back above the $40k area in the next few weeks.

Look at it now and call it your self , The value is continuously dumping and there are some thoughts that this will continue to lowered below 25k .

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Quote from: AjithBtc on May 03, 2022, 05:02:54 PM

Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021.

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

I think the crypto market is starting to creep down as the bitcoin price has hit the $34k price level again and several other major altcoins are trading unstable at the moment. Therefore, overall the market seems to be starting to experience a price decline and is heading towards the red zone at the moment and potentially experiencing a correction trend in the next few weeks.

Baofeng

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Quote from: arufox on May 03, 2022, 08:00:30 AM

Even though the bitcoin price is currently trading at around $38k, I don't think bitcoin will have any obstacle to hitting $40k again. Even a few weeks ago the price of bitcoin had gone up in the $47k area. Therefore I believe that the bitcoin price will soon rise back above the $40k area in the next few weeks.

There is more prediction stating that the ongoing year as a bearish one. To the prediction the market is behaving in the same pattern. Same time the price of bitcoin could go any high in no time. As per my understanding about the market even after reaching high price, bitcoin wasn't able to breach barriers to continue on the bullish track. Possibly for that reason we it could go down and re-bounce anytime.

It should be obvious by now, this is a the start of a bearish market, just like 2018. So it will be very long year for us and I expect the price to really goes down in the lower $30k. So it's better to face the harsh truth instead of "hoping" that it will soon rise and go back to $40k area.

But in any case, as we have learned lessons from 2018, this is a great opportunity for us to hoard, accumulate BTC for long term. We can enter at this price range, or doing DCA monthly will be a good strategy.

AjithBtc

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Quote from: arufox on May 03, 2022, 08:00:30 AM

Even though the bitcoin price is currently trading at around $38k, I don't think bitcoin will have any obstacle to hitting $40k again. Even a few weeks ago the price of bitcoin had gone up in the $47k area. Therefore I believe that the bitcoin price will soon rise back above the $40k area in the next few weeks.

There is more prediction stating that the ongoing year as a bearish one. To the prediction the market is behaving in the same pattern. Same time the price of bitcoin could go any high in no time. As per my understanding about the market even after reaching high price, bitcoin wasn't able to breach barriers to continue on the bullish track. Possibly for that reason we it could go down and re-bounce anytime.

tygeade

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Quote from: 19Nov16 on May 02, 2022, 09:10:13 AM

More than 4 months the price of Bitcoin is in the range of $ 40K, when in early April the price of Bitcoin is almost $ 50k, I am optimistic that it will continue to rise, unfortunately there is another correction so as to make prices fall and look stable in the range of $ 40K. But I am optimistic that in May now the price will soon hit $ 50k.

That's the thing about crypto, if you think that it has been at a low level for too long, that means you are only getting closer to a higher price as well. I mean think about it, it can't stay here forever right? Do you really believe that the price will be 40k for 10 more years? Of course not, that means we are going to end up with a much better price "some day".

So, the longer we are here, the quicker we are going to be at the higher prices so there is really nothing we could do about this at all. Obviously, whales and all others want you to wait as long as possible so that you would give up and sell and then the price would go up and they would make all the profit.

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Even though the bitcoin price is currently trading at around $38k, I don't think bitcoin will have any obstacle to hitting $40k again. Even a few weeks ago the price of bitcoin had gone up in the $47k area. Therefore I believe that the bitcoin price will soon rise back above the $40k area in the next few weeks.

Joshapat

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The negative trend still continues and makes us have to always be patient, I do not expect that the market stagnant is too long like now, when prices skyrocket in November and reach New Ath I am optimistic in December and New Year 2022 will be at the $ 100K level, maybe This is a good opportunity to buy at a cheaper price.

19Nov16

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More than 4 months the price of Bitcoin is in the range of $ 40K, when in early April the price of Bitcoin is almost $ 50k, I am optimistic that it will continue to rise, unfortunately there is another correction so as to make prices fall and look stable in the range of $ 40K. But I am optimistic that in May now the price will soon hit $ 50k.

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Quote from: stomachgrowls on April 29, 2022, 03:14:57 PM

Quote from: Marvell1 on April 30, 2022, 12:19:53 AM

The last few weeks have seen bitcoin fall after trying to break resistance around 43k. But so far nothing bad has happened. We are still at the support level. Even if the price goes down to 37k, I don't think it will be for long. I think this is a very good time to buy. If they give an opportunity to buy even cheaper it will be even better.

There were no news or events which are on negative for it to be a reason on such decline but its not something new because its always been like this on which its behavior is totally unpredictable and cant

be known and yes, we've been playing around with this support line for several months as of this moment on where its price do really play in between these levels which would really be giving
you hindrance whether you would be buying or waiting for more price drop but we do have strong support on 37k which we dont see that it would break out soon.
Lets wait and see if there would be some significant price action in next days to come.

Yes, there was no news. But yesterday was the expiration day of the six-month CME futures contracts, which have been open since November 1. These contracts close on the last days of each month and always have an impact on the bitcoin price, and therefore affect the whole market. As I said before, we probably have a good opportunity to buy bitcoin now.

https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.calendar.html

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Quote from: Shasha80 on April 29, 2022, 03:43:28 PM

Quote from: carlisle1 on April 29, 2022, 12:37:22 PM

Quote from: Shasha80 on April 29, 2022, 03:43:28 PM

The last few weeks have seen bitcoin fall after trying to break resistance around 43k. But so far nothing bad has happened. We are still at the support level. Even if the price goes down to 37k, I don't think it will be for long. I think this is a very good time to buy. If they give an opportunity to buy even cheaper it will be even better.

The market is still unpredictable and I like that kind of idea. If you do have spare money to add to your investment, you should take this

opportunity to collect and store those cheap BTC. Once the market starts to pump back, the price will give you a decent amount of profits,

not easy to predict though, since there are many reasons and influences that will be needed to consider. Keep in mind that volatile

market brings more interest to investors and traders who wanted to make some decent amount of benefits.

It is very difficult to predict the price of Bitcoin, we do not know whether in the near future Bitcoin will fall deeper or suddenly increase in price.
But if I look at the price of Bitcoin's support which is quite strong at $37k, it doesn't look like Bitcoin will fall any further. Then seeing
the popularity of Bitcoin is also increasing into 2022, there should be many new investors who will invest in Bitcoin. So I'm pretty optimistic that
Bitcoin will stabilize first at $38k-$40k, then soon the price will shoot up to above $45k. So please decide for yourself whether you still want to
monitor the market or dare to buy more Bitcoin at the current price. But because Bitcoin is one of the best assets for investment, I choose to buy
Bitcoin now, because I think the current price is quite low. And I believe that soon the Bitcoin price will slowly go up, so I won't miss the opportunity
to buy Bitcoin when it's under $40k.

It is unlikely that bitcoin will not fall further but overall bitcoin has fluctuated between 37k-40k for a long time, which is an optimistic signal that bitcoin is unlikely to fall any further.

The world is going through an unprecedented period of high inflation and Bitcoin is being considered as the best anti-inflation investment, and the most profitable.

Bitcoin price is currently low against 69k ATH so as a long term investor I think we can buy from this price. If the price continues to fall, I will continue to buy instead of being panic because I am sure bitcoin will rise after going through the drop.

The price of Bitcoin will not go below 37k, according to my prediction. There are too many diamond hands on the market. People know newbies get eaten by whales and shaken off. However, there is a good news and a bad news moment. Although I have heard that BTC could go even further down, I'll be filling up.

Bitcoin's true purpose is revealed in this war. The reason Bitcoin is king is because it is a great investment opportunity.

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Quote from: carlisle1 on April 29, 2022, 12:37:22 PM

The last few weeks have seen bitcoin fall after trying to break resistance around 43k. But so far nothing bad has happened. We are still at the support level. Even if the price goes down to 37k, I don't think it will be for long. I think this is a very good time to buy. If they give an opportunity to buy even cheaper it will be even better.

The market is still unpredictable and I like that kind of idea. If you do have spare money to add to your investment, you should take this

opportunity to collect and store those cheap BTC. Once the market starts to pump back, the price will give you a decent amount of profits,

not easy to predict though, since there are many reasons and influences that will be needed to consider. Keep in mind that volatile

market brings more interest to investors and traders who wanted to make some decent amount of benefits.

It is very difficult to predict the price of Bitcoin, we do not know whether in the near future Bitcoin will fall deeper or suddenly increase in price.
But if I look at the price of Bitcoin's support which is quite strong at $37k, it doesn't look like Bitcoin will fall any further. Then seeing
the popularity of Bitcoin is also increasing into 2022, there should be many new investors who will invest in Bitcoin. So I'm pretty optimistic that
Bitcoin will stabilize first at $38k-$40k, then soon the price will shoot up to above $45k. So please decide for yourself whether you still want to
monitor the market or dare to buy more Bitcoin at the current price. But because Bitcoin is one of the best assets for investment, I choose to buy
Bitcoin now, because I think the current price is quite low. And I believe that soon the Bitcoin price will slowly go up, so I won't miss the opportunity
to buy Bitcoin when it's under $40k.

It is unlikely that bitcoin will not fall further but overall bitcoin has fluctuated between 37k-40k for a long time, which is an optimistic signal that bitcoin is unlikely to fall any further.

The world is going through an unprecedented period of high inflation and Bitcoin is being considered as the best anti-inflation investment, and the most profitable.

Bitcoin price is currently low against 69k ATH so as a long term investor I think we can buy from this price. If the price continues to fall, I will continue to buy instead of being panic because I am sure bitcoin will rise after going through the drop.

Baofeng

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Quote from: Chato1977 on April 29, 2022, 01:55:34 AM

The last few weeks have seen bitcoin fall after trying to break resistance around 43k. But so far nothing bad has happened. We are still at the support level. Even if the price goes down to 37k, I don't think it will be for long. I think this is a very good time to buy. If they give an opportunity to buy even cheaper it will be even better.

We are about to enter a new month, and with that we have high hopes that we can go and at least make a run to $43k. That will be the plan for now, and we don't what the price to go lower than $40k because chances are, we might see another set of selling off from those who panic seeing this price level. So hopefully everything will be good this May, so still a good time to buy and invest again below $40k, still cheap and if ever the price goes up, it will be an instant profit.

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It is not the search that will bring bitcoin to the moon , instead it is OUR INVESTMENTS , because no matter how we do our research but we are not acting to help the bitcoin market so what is the sense at all?
you are talking something that you seems not to understand lol.

Yes, it's not research but if we did a research we can predict more accurately. I think what he is trying to say there is that he hopes that the guy's prediction is correct because that's also what he wants. There must be a reason if we don't invest right after we did a research.

It could be that you think that the price will drop further or it could be that you don't have any money to invest but no worries because there are still people that will invest and that would help the price to rise. We have reached almost 50k before and there is no bull run yet that occur, we can do it again and we can hit 60k within this year even without the help of the bulls.

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Quote from: carlisle1 on April 29, 2022, 12:37:22 PM

The last few weeks have seen bitcoin fall after trying to break resistance around 43k. But so far nothing bad has happened. We are still at the support level. Even if the price goes down to 37k, I don't think it will be for long. I think this is a very good time to buy. If they give an opportunity to buy even cheaper it will be even better.

The market is still unpredictable and I like that kind of idea. If you do have spare money to add to your investment, you should take this

opportunity to collect and store those cheap BTC. Once the market starts to pump back, the price will give you a decent amount of profits,

not easy to predict though, since there are many reasons and influences that will be needed to consider. Keep in mind that volatile

market brings more interest to investors and traders who wanted to make some decent amount of benefits.

It is very difficult to predict the price of Bitcoin, we do not know whether in the near future Bitcoin will fall deeper or suddenly increase in price.
But if I look at the price of Bitcoin's support which is quite strong at $37k, it doesn't look like Bitcoin will fall any further. Then seeing
the popularity of Bitcoin is also increasing into 2022, there should be many new investors who will invest in Bitcoin. So I'm pretty optimistic that
Bitcoin will stabilize first at $38k-$40k, then soon the price will shoot up to above $45k. So please decide for yourself whether you still want to
monitor the market or dare to buy more Bitcoin at the current price. But because Bitcoin is one of the best assets for investment, I choose to buy
Bitcoin now, because I think the current price is quite low. And I believe that soon the Bitcoin price will slowly go up, so I won't miss the opportunity
to buy Bitcoin when it's under $40k.

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