Bitcoin Breaks Past The $40,000 Barrier Again? - page 3.

Oceat

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Quote from: Dave1 on April 21, 2022, 01:01:36 AM

This could be another fake out runs?

We should have experienced a pull back when the price hits $38k but then suddenly it went as high as $41k and could reach $42 this week.

But I'm not that confident in this kind of market move, there is a possibility that we might see another retrace, hence, $40k is broken again. So let's see how it pan out.

Sadly, it is now in $39k which then expected to continue to drop and there are no news that's going to support it to pump back to $40k. We are literally facing the bear this time if it continues to drop down to $35k and so on but if there's a News that's going to support it a bit it might pump but I'm expecting already that it's going straight to the bottom anytime and there's no waiting for the new ATH or even a pump beyond $50k anymore.

darewaller

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Quote from: Dhaniii on April 21, 2022, 01:08:08 PM

The bitcoin price is getting more and more worrying at the moment, even though the bitcoin price has broken through the $40k holding price. market conditions need to be a little wary of and now many investors are still holding on to invest. I think for now there is no need to rush to invest large sums and it is better to trade fast.

Worrying? You and I are looking at different bitcoins at the current moment. I feel like bitcoin is looking better than ever, I feel like a breakout is imminent and could happen at any moment now. That is just me and I wouldn't know what people are thinking, but it's looking like it could be a possibility. Obviously I can't speak on behalf of everyone, but I can say that it's not bad right now and people should be thinking the same way.

If we could accumulate from these levels and then end up going higher, it would be easier for people to not sell and not go down because they already bought from very cheap levels and their DCA is already low, so they could wait a lot longer before they decide to sell and take profit.

tygeade

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Quote from: Ararbermas on April 20, 2022, 08:56:14 AM

Quote from: South Park on April 19, 2022, 02:03:48 PM

I think that is the most logical conclusion since the price is dancing around such level, sometimes it goes higher and sometimes it goes lower but all the action is happening around that price mark, so I think it is possible we are going to remain there for a very long time, something that is not as bad as this gives us the opportunity to load in some bitcoin while the price is still not completely crazy, however the question is what will come next? As the institutional investors will not let the price to go that much lower while a bull run seems unlikely too.

its a consolidation if the price can't even exceed and keep playing around the area, but sometimes it didn't last because usually investors keep adding in such area as well as it's very common pattern before continuing.

But of course it depends of the situation of bitcoin because it will be the results after the consolidation..

Accumulation phase is an important part of crypto (and other markets) before it goes up. Big names and even retail investors all end up buying as much as they can without disturbing the market, they can't just buy all-in and make it go up right away, that would start the bull run. So, they just buy small by small and increase their holdings which eventually leads them buying more and more and more which then increases the price slowly.

This is why it takes us months to go from stagnant price to peak price, it took us from like September of 2020 to April of 2021 to reach from under 20k to over 60k, but takes only matter of days to reach below 40k, crashes happen all at once, increases take time.

Dhaniii

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The bitcoin price is getting more and more worrying at the moment, even though the bitcoin price has broken through the $40k holding price. market conditions need to be a little wary of and now many investors are still holding on to invest. I think for now there is no need to rush to invest large sums and it is better to trade fast.

Dave1

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This could be another fake out runs?

We should have experienced a pull back when the price hits $38k but then suddenly it went as high as $41k and could reach $42 this week.

But I'm not that confident in this kind of market move, there is a possibility that we might see another retrace, hence, $40k is broken again. So let's see how it pan out.

Kemarit

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Quote from: Vaskiy on April 20, 2022, 07:59:41 PM

The market is moving gradually without any external influence, which means the real growth is happening. Bitcoin have broken the $40k barrier again and further it tends to break $43500 resistance zone. If that happens the market will tend to test the $45k long term resistance zone. Failing to broke the zone will take the price down to $40k, if not we'll see continued growth. The major reason for the ongoing market progress seems like to be the approval of first Bitcoin ETF by Australia Security Exchange and Commission.

Maybe this news has somewhat influence the price today:

https://cointelegraph.com/news/simplify-files-with-sec-for-bitcoin-strategy-risk-managed-income-etf

Quote

Asset manager Simplify has filed a registration statement with the United States Securities and Exchange Commission to list shares of an exchange-traded fund linked to Bitcoin futures, Treasury securities, and options.

In a Wednesday filing, Simplify applied with the SEC for an investment vehicle based on a Bitcoin (BTC) futures strategy, an income strategy, and an option overlay strategy. The Bitcoin Strategy Risk-Managed Income ETF, to be listed under the ticker MAXI on Nasdaq, is a series of exchange-traded funds from the asset management company.

The fund will indirectly invest in BTC using crypto futures and, as part of its income strategy, hold short-term U.S. Treasury securities and ETFs that invest in Treasury securities. For its option overlay strategy, Simplify said it would purchase “exchange-traded protective put options" and write "exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”

Sot its good to hear that at least many are still interested on about ETF and all other stuff related to BTC. So it will be interesting if we can break $42,000 - $43,000 because this numbers could be the basis of another run before the end of this month.

TravelMug

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Quote from: Marvell1 on April 20, 2022, 09:27:25 PM

Quote from: cryptomaniac_xxx on April 20, 2022, 03:44:02 PM

Quote from: asrinur on April 20, 2022, 12:02:30 PM

I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

But I guess this is where the price is going to play along, $40k range and maybe up to $45k. I still have doubts that we will hit $50k just like that. It you would remember, we have a sort of mini bull run from $39k to $48k only. It didn't reach the peak price of $50k as others have predicted. So there's no way that suddenly we will go and touch $50k again without any good news.

Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.

Well the previous high is $45k and that should be the target. But in any case, it seems that we are not going to reach that price. So for me hovering around $43k at the end of this month is not that bad. We need more positive news though, it seems that the Terra pumping did it's share to push the price as high as $48k. But that's it, we need more good news coming from institutions or government around the globe so that investors trust are back in the market because they seems to be in the middle right now.

Marvell1

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Quote from: cryptomaniac_xxx on April 20, 2022, 03:44:02 PM

Quote from: asrinur on April 20, 2022, 12:02:30 PM

I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

But I guess this is where the price is going to play along, $40k range and maybe up to $45k. I still have doubts that we will hit $50k just like that. It you would remember, we have a sort of mini bull run from $39k to $48k only. It didn't reach the peak price of $50k as others have predicted. So there's no way that suddenly we will go and touch $50k again without any good news.

Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.

Dave1

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Quote from: Vaskiy on April 20, 2022, 07:59:41 PM

The market is moving gradually without any external influence, which means the real growth is happening. Bitcoin have broken the $40k barrier again and further it tends to break $43500 resistance zone. If that happens the market will tend to test the $45k long term resistance zone. Failing to broke the zone will take the price down to $40k, if not we'll see continued growth. The major reason for the ongoing market progress seems like to be the approval of first Bitcoin ETF by Australia Security Exchange and Commission.

Yeah, I think that news has somewhat put the market at ease right now that's why we have a good increased to $41k and above as of press time.

The market is still based on any external influence, any news that will make investors put their money on the it again. Hopefully we can maintain above $40k, it's been months already, and we are about to enter the next quarter so we better end it on a positive note for this month.

Vaskiy

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The market is moving gradually without any external influence, which means the real growth is happening. Bitcoin have broken the $40k barrier again and further it tends to break $43500 resistance zone. If that happens the market will tend to test the $45k long term resistance zone. Failing to broke the zone will take the price down to $40k, if not we'll see continued growth. The major reason for the ongoing market progress seems like to be the approval of first Bitcoin ETF by Australia Security Exchange and Commission.

carlisle1

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Quote from: cryptomaniac_xxx on April 20, 2022, 03:44:02 PM

Quote from: asrinur on April 20, 2022, 12:02:30 PM

I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

But I guess this is where the price is going to play along, $40k range and maybe up to $45k. I still have doubts that we will hit $50k just like that. It you would remember, we have a sort of mini bull run from $39k to $48k only. It didn't reach the peak price of $50k as others have predicted. So there's no way that suddenly we will go and touch $50k again without any good news.

Observing the current market, it's agreeable that $40K might be supported from here. We can't say that it can pump to $50K

not unless that there is news that will bring more investors inside the market, news about more adoptions and more big players

to buy and hold their assets. Currently, there's no influence that creates noise and investors are observing if how the market will

move for the next quarter, maybe we may expect good bullish run during the early last quarter of this year.

cryptomaniac_xxx

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Quote from: asrinur on April 20, 2022, 12:02:30 PM

I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

But I guess this is where the price is going to play along, $40k range and maybe up to $45k. I still have doubts that we will hit $50k just like that. It you would remember, we have a sort of mini bull run from $39k to $48k only. It didn't reach the peak price of $50k as others have predicted. So there's no way that suddenly we will go and touch $50k again without any good news.

asrinur

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I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

777Jolami

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bitcoin is breaking through $40k and now around $42k which is good sign for higher momentum i expect end of April bitcoin can hit $50k

Ararbermas

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Quote from: South Park on April 19, 2022, 02:03:48 PM

I think that is the most logical conclusion since the price is dancing around such level, sometimes it goes higher and sometimes it goes lower but all the action is happening around that price mark, so I think it is possible we are going to remain there for a very long time, something that is not as bad as this gives us the opportunity to load in some bitcoin while the price is still not completely crazy, however the question is what will come next? As the institutional investors will not let the price to go that much lower while a bull run seems unlikely too.

its a consolidation if the price can't even exceed and keep playing around the area, but sometimes it didn't last because usually investors keep adding in such area as well as it's very common pattern before continuing.

But of course it depends of the situation of bitcoin because it will be the results after the consolidation..

South Park

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Quote from: Baofeng on April 17, 2022, 07:45:02 PM

I think we might see this price level for a long time. It could be the support or the resistance in the coming months. Which mean that possible that there could be no movement at all as the market is reacting to the war and inflation rate going up in every country and remember that we are still in the pandemic. So hold still because it's could be boring year for some.

I think that is the most logical conclusion since the price is dancing around such level, sometimes it goes higher and sometimes it goes lower but all the action is happening around that price mark, so I think it is possible we are going to remain there for a very long time, something that is not as bad as this gives us the opportunity to load in some bitcoin while the price is still not completely crazy, however the question is what will come next? As the institutional investors will not let the price to go that much lower while a bull run seems unlikely too.

Baofeng

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I think we might see this price level for a long time. It could be the support or the resistance in the coming months. Which mean that possible that there could be no movement at all as the market is reacting to the war and inflation rate going up in every country and remember that we are still in the pandemic. So hold still because it's could be boring year for some.

Silberman

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Quote from: Natalim on March 30, 2022, 06:41:31 PM

We are surpassing $45k and are currently at $47k (upon checking on the CMC). Seeing these huge changes makes me think that we are moving back again to $50k. I expected this 2nd quarter could be bullish and as keeping on the current momentum, even reaching $60k is quite possible the next target.

However, we still need not expect more. Fluctuations can be very possible and we have to get ready for them, sometimes we have to do an exit plan.

It seems there is a decent resistance at that level as the price went down a little bit and now we are at the 46k level, now about the possibility of bitcoin being bullish during the second quarter of this year, I am not so sure about it, after all there are still several obstacles ahead of us, and more importantly the uncertainty of what will happen at Ukraine is still limiting the potential for bitcoin to go up in price, so I do not think we have any chance to see a bull market until the war ends.

Sir Legend

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I think the price of $40k is a long time compared to other prices, even when the price of bitcoin is at $40k it looks stable with up or down never more than 5%, and I think this makes us more optimistic that the future of bitcoin will be brighter, and when there is a little bull run it will skyrocket and pass the ATH that has ever happened.

Natalim

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We are surpassing $45k and are currently at $47k (upon checking on the CMC). Seeing these huge changes makes me think that we are moving back again to $50k. I expected this 2nd quarter could be bullish and as keeping on the current momentum, even reaching $60k is quite possible the next target.

However, we still need not expect more. Fluctuations can be very possible and we have to get ready for them, sometimes we have to do an exit plan.

Topic: Bitcoin Breaks Past The $40,000 Barrier Again? - page 3. (Read 771 times)