Bitcoin Breaks Past The $40,000 Barrier Again? - page 4.

Wapfika

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Quote from: Ziskinberg on March 27, 2022, 04:26:06 PM

It's still too early to tell, I've seen a lot of the same scenario this year and bitcoin still failed to be bullish. Could be a bull trap, so we should be careful with this especially if there's no big news that backs up the current bullish movement. If bitcoin would be able to break out to $50k, then we can talk about a real bullish movement.

The current price is still on the critical level and very crucial to determine the next focal point for this short uptrend movement. The price continues to rise after consecutive good news but I still don't believe that it will be long term. This price movement needs to be sustain by strong demand and not by just a fomo buy alone. Today is the opening of weekly chart so it's expected that this pump will occur because Bitcoin price keep above the trend line.

mia_houston

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Quote from: Ziskinberg on March 27, 2022, 04:26:06 PM

It's still too early to tell, I've seen a lot of the same scenario this year and bitcoin still failed to be bullish. Could be a bull trap, so we should be careful with this especially if there's no big news that backs up the current bullish movement. If bitcoin would be able to break out to $50k, then we can talk about a real bullish movement.

After entering the beginning of 2022 the price of bitcoin is getting worse and now it looks like bitcoin is starting to find momentum to bounce back, the success of bitcoin breaking through the price of $45,000 at the end of last week, has helped bitcoin regain the right momentum to experience price strengthening as it is today and even like recorded on the CMC bitcoin price has strengthened almost 18% this week, although the price continues to strengthen but still we have to be vigilant because the possibility of a price correction can also occur, I personally agree with you, the bullish phase will last if bitcoin can reach price resistance to $50,000 and if that happens of course maybe we'll see a new ATH going on this year.

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Quote from: 7788bitcoin on March 27, 2022, 01:49:49 PM

Quote from: Silberman on March 27, 2022, 12:40:06 PM

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The barrier at the 40k level has been broken so many times already that I do not think that traders think of it as a barrier anymore which is why it is so easy to break through it, as you said the real challenge is the 50k level, so even if we are right now at 44k it seems that it is going to take a significant amount of time the break past that level, however at the same time once it does I think we can take that as a confirmation that a bull market could appear at any moment.

The resistance barrier is real and hence we are not able to breach the $45k valuation for a long time. Good to see that we are trading above $40k for sometime and it is a good sign and it is possible that we might see a push to breach the resistance and if we are able to do that then we might see new all time high valuation, until then it is hard to predict how the market will move in the coming months.

Bitcoin has been trading above the 45k level for a few days as well so I really think the 50k level is the key, we know that psychologically people have a tendency to look for round numbers which is why the resistance level most likely it is located at the 50k level, also this level is important for yet another reason, as it indicates that bitcoin will only need to double its price before it reaches yet another milestone, the six figures we have been wanting to see for so long.

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Quote from: traderethereum on March 24, 2022, 10:15:17 PM

Quote from: ?? on ??

sorry mate but bitcoin price is hitting 43k many times already right? if I'm not mistaken the 43k is being hit every week and that is the normal scenario in market , what i am waiting is the price to hit 46k because that is the barricade now.
and if this will be taken then the possibilities of the value to increase to 50k is there and that is what i am waiting .
wanna sell half of my bitcoin now cos i have some funds needed for my house renovation lol.

Yes, the bitcoin price has indeed reached $43k many times and this time, the price seems to be holding on to that level and there are signs of going higher.
But since we are currently on the weekend, corrections could come but hopefully, the corrections don't come too deep so that next week, the price can continue its rally again.
I'm still waiting at $50k because that's the next holding point for bitcoin before it goes back to the last ATH and it's really tough.

But looks like the chart changes? because now that the weekend is still on? there are no correction that happens instead increase is what we got.

Now bitcoin stays at 47k and the sign of falling is still not been on the scene , what i can see is that the price of bitcoin is finally hitting 50k this week , and will climb to 60k in the next quarter.

Ziskinberg

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It's still too early to tell, I've seen a lot of the same scenario this year and bitcoin still failed to be bullish. Could be a bull trap, so we should be careful with this especially if there's no big news that backs up the current bullish movement. If bitcoin would be able to break out to $50k, then we can talk about a real bullish movement.

GeorgeJohn

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Quote from: ajochems on March 23, 2022, 06:53:48 PM

Cryoto currency was a safe one.While considering of bitcoin, it was safe with all access from you. If you had sync the google authentication. Based on the investments you will get profit from it. Now the price of bitcoin had crossed the value of 40k. It was surprise to myself. Because from the war, the price of bitcoin was struggled to reach this value and crossed of 42k dollars two days before.

Bitcoin price has been fluctuating starting from the beginning of the year, and it's not this time or the first time Bitcoin breakout from forty thousand (40k) to forty three or forty five thousand (43k/45k). The price has gotten almost fifty thousand (50k) this year, so the problem is that the price of bitcoins is not stagnant and it interchanges because of determinant of the market

7788bitcoin

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Quote from: Silberman on March 27, 2022, 12:40:06 PM

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The barrier at the 40k level has been broken so many times already that I do not think that traders think of it as a barrier anymore which is why it is so easy to break through it, as you said the real challenge is the 50k level, so even if we are right now at 44k it seems that it is going to take a significant amount of time the break past that level, however at the same time once it does I think we can take that as a confirmation that a bull market could appear at any moment.

The resistance barrier is real and hence we are not able to breach the $45k valuation for a long time. Good to see that we are trading above $40k for sometime and it is a good sign and it is possible that we might see a push to breach the resistance and if we are able to do that then we might see new all time high valuation, until then it is hard to predict how the market will move in the coming months.

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Quote from: btc_angela on March 23, 2022, 01:41:10 PM

I guess the $40k barrier is not that relevant because we have broken it several times already.

The next big psychological barrier is $50k and that's what we need to take care of. We have seen the price going as high as $43k but that's it.

We need to push it further now just to have this sort of being bullish still alive although majority thinks that we are entering a bearish market. Market is still undecided up to this point, so the balance can still tip to being bearish to bullish if we can get at least $50k.

The barrier at the 40k level has been broken so many times already that I do not think that traders think of it as a barrier anymore which is why it is so easy to break through it, as you said the real challenge is the 50k level, so even if we are right now at 44k it seems that it is going to take a significant amount of time the break past that level, however at the same time once it does I think we can take that as a confirmation that a bull market could appear at any moment.

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Quote from: sana54210 on March 25, 2022, 04:08:39 PM

Quote from: mia_houston on March 24, 2022, 09:50:05 AM

I think it's still very difficult for us to guess where bitcoin will go, but in the last 7 days the bitcoin price has experienced a bit of price strengthening, and we can accumulate if the increase price are almost 11% in a week, the push that occurs in the bitcoin price may be a one of the reasons for the increase in some altcoin prices in the market, but to be honest, I personally don't dare to say that the current price strengthening will last long enough, especially in the last 1 month we have continued to see bitcoin prices strengthen but not long after that the price has corrected again.

The reality is that price could have a bit of a drop, but the reality is that we are doing fine and not going down a lot and that should tell people that we may not really face anything that is serious anymore. I am not saying that under 40k is gone, of course it is not gone and it could happen again but the reality is that we are talking about getting stronger and stronger support levels the longer we stay here.

This is why I believe that we should be focusing on a bit of the current situation into future breakout preparation if we could see that. I believe that the stronger support we get, the harder to go down, easier to go up.

By seeing the Bitcoin price stable for a long time above the $40k price, this has proven that Bitcoin's support price is getting stronger. If that happens,
it is likely that the Bitcoin price will go up much bigger than the Bitcoin price will go down. So now it looks like Bitcoin price is slowly trying to get past
the $45k resistance, I hope this time Bitcoin can rise above the price of $ 45k. If it fails again Bitcoin rises above $45k price, it looks like there's
a chance Bitcoin will go down again, but I hope the Bitcoin price doesn't drop below $40k.

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Quote from: mia_houston on March 24, 2022, 09:50:05 AM

I think it's still very difficult for us to guess where bitcoin will go, but in the last 7 days the bitcoin price has experienced a bit of price strengthening, and we can accumulate if the increase price are almost 11% in a week, the push that occurs in the bitcoin price may be a one of the reasons for the increase in some altcoin prices in the market, but to be honest, I personally don't dare to say that the current price strengthening will last long enough, especially in the last 1 month we have continued to see bitcoin prices strengthen but not long after that the price has corrected again.

The reality is that price could have a bit of a drop, but the reality is that we are doing fine and not going down a lot and that should tell people that we may not really face anything that is serious anymore. I am not saying that under 40k is gone, of course it is not gone and it could happen again but the reality is that we are talking about getting stronger and stronger support levels the longer we stay here.

This is why I believe that we should be focusing on a bit of the current situation into future breakout preparation if we could see that. I believe that the stronger support we get, the harder to go down, easier to go up.

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Quote from: fzkto on March 24, 2022, 06:30:23 AM

The current market situation looks like a recovery. Along with bitcoin, altcoins are starting to rise, which is positive. Maybe bitcoin will come out of the accumulation zone and then we will see a full bull run, but for that we need to consolidate above 47k. Hopefully that will happen in April. By the way, with bitcoin recovering so slowly, altcoins are performing better.

Until the price did not crossed to the last ATH, it is safe to call it a recovery but others call it an increase because the price is better than last day. It's normal that altcoins will rise after btc because that's how they work. In cryptos there was like a pattern here and that is what the people used as a reference to make a decision.

The month of march is about to end now but the movements of the price are still the same. Maybe your right that the biggest happening in btc value can happen by April and onward. On the other hand, alts are now doing better but for them to perform on a greater extent, they will need to wait for the btc first to do a bull run.

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Quote from: ?? on ??

sorry mate but bitcoin price is hitting 43k many times already right? if I'm not mistaken the 43k is being hit every week and that is the normal scenario in market , what i am waiting is the price to hit 46k because that is the barricade now.
and if this will be taken then the possibilities of the value to increase to 50k is there and that is what i am waiting .
wanna sell half of my bitcoin now cos i have some funds needed for my house renovation lol.

Yes, the bitcoin price has indeed reached $43k many times and this time, the price seems to be holding on to that level and there are signs of going higher.
But since we are currently on the weekend, corrections could come but hopefully, the corrections don't come too deep so that next week, the price can continue its rally again.
I'm still waiting at $50k because that's the next holding point for bitcoin before it goes back to the last ATH and it's really tough.

Quote from: cryptomaniac_xxx on March 24, 2022, 06:02:32 AM

Yes, we could be in another swing after hitting $43k because the next barrier will be $45k and we haven't broken it yet since we have a dramatic fall from the last all time high. All things considered, we are not in a full blown bull run, in my opinion.

And to be honest, I'm not sure if we still have the momentum to push the price to that level. Maybe the bulls have been exhausted as this point to reach $43k. So the first time to observed is that if we can maintain first at this level till next week.

The price can still be pushed up to that level but not for the week because it looks like the price still needs support but I don't know.
Hopefully, the price can break through $44k, stay there until next week, and immediately go higher.
Yes, bitcoin needs to maintain this level until next week for it to rise even higher.
At least some of them have taken their profits to wait to buy at the low price again and hold it.

Dave1

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Quote from: Eternad on March 24, 2022, 12:46:12 PM

Quote from: Reid on March 24, 2022, 10:31:29 AM

Get used to it. It will happen over and over again. I don't mind the optimistic view but we also have to be realistic or else we might feel regret if it won't go our way.
Yes, it's a joy to see it being back to $40k-ish but there's always that possibility it may break the barrier backwards to $30k-ish. Not being pessimistic but being prepared for that to happen is what makes an investor stronger to HODL the said coin.
World economy will play a big role on where it will fluctuate especially in this difficult times.

40ish seems to be a safe zone of bitcoin in these situations wherein there is no hype that can make it pump and the continuous war happening that makes all the fiat fluctuations and economy at risk. It’s nit the firstime it breaks 40k in this year and there might be more since it is still struggling to recover from what is happening around the world. Unless more countries announce legalizing it and put implementations of using it in actual transaction that can help countries struggling in the recent price hike of materials and resources.

Safe zone for now, but if we really wanted to test the market and how far it can go, $50k will be the barrier that we need to break. After the all time high, we haven't seen the price going above $50k, just borderline $43k-$45 is the max and then that's it, the market will go back down again to $30k'ish region.

So if we can go to $50k, then the bulls will have the upper hand despite the geo-political things that is going around us. We don't know how long the war in Europe will go, gas price are increasing, so for average joe and whales, it's better to invest some of your money in bitcoin as hedge.

Eternad

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Quote from: Reid on March 24, 2022, 10:31:29 AM

Get used to it. It will happen over and over again. I don't mind the optimistic view but we also have to be realistic or else we might feel regret if it won't go our way.
Yes, it's a joy to see it being back to $40k-ish but there's always that possibility it may break the barrier backwards to $30k-ish. Not being pessimistic but being prepared for that to happen is what makes an investor stronger to HODL the said coin.
World economy will play a big role on where it will fluctuate especially in this difficult times.

40ish seems to be a safe zone of bitcoin in these situations wherein there is no hype that can make it pump and the continuous war happening that makes all the fiat fluctuations and economy at risk. It’s nit the firstime it breaks 40k in this year and there might be more since it is still struggling to recover from what is happening around the world. Unless more countries announce legalizing it and put implementations of using it in actual transaction that can help countries struggling in the recent price hike of materials and resources.

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I know 44k BTC feels good, however, until we penetrate through 46-47k, this is all just enjoyable foreplay. #Crypto
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Similar to my thoughts below. We are in no mans land at the moment.

Quote from: LFC_Bitcoin on March 22, 2022, 02:15:41 PM

We really need to break $50,000 before we can start thinking that the downtrend we’ve been in since late November is over. We’ve been floating around between $35,000 & $45,000 for ages. I’m not really interested in getting excited until we break out of that range.

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Quote from: fzkto on March 24, 2022, 06:30:23 AM

The current market situation looks like a recovery. Along with bitcoin, altcoins are starting to rise, which is positive. Maybe bitcoin will come out of the accumulation zone and then we will see a full bull run, but for that we need to consolidate above 47k. Hopefully that will happen in April. By the way, with bitcoin recovering so slowly, altcoins are performing better.

After a strong bull run in 2021. I prefer the feeling of bitcoin moving slowly, building and strengthening a long-term bullish structure rather than having to buckle up. Lol, not a sustainable altcoin move, defi, even Metaverse. If the hype could be ignored, I wouldn't expect altcoins to slip away from bitcoin's standards.

Reid

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Get used to it. It will happen over and over again. I don't mind the optimistic view but we also have to be realistic or else we might feel regret if it won't go our way.
Yes, it's a joy to see it being back to $40k-ish but there's always that possibility it may break the barrier backwards to $30k-ish. Not being pessimistic but being prepared for that to happen is what makes an investor stronger to HODL the said coin.
World economy will play a big role on where it will fluctuate especially in this difficult times.

mia_houston

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Quote from: fzkto on March 24, 2022, 06:30:23 AM

The current market situation looks like a recovery. Along with bitcoin, altcoins are starting to rise, which is positive. Maybe bitcoin will come out of the accumulation zone and then we will see a full bull run, but for that we need to consolidate above 47k. Hopefully that will happen in April. By the way, with bitcoin recovering so slowly, altcoins are performing better.

I think it's still very difficult for us to guess where bitcoin will go, but in the last 7 days the bitcoin price has experienced a bit of price strengthening, and we can accumulate if the increase price are almost 11% in a week, the push that occurs in the bitcoin price may be a one of the reasons for the increase in some altcoin prices in the market, but to be honest, I personally don't dare to say that the current price strengthening will last long enough, especially in the last 1 month we have continued to see bitcoin prices strengthen but not long after that the price has corrected again.

fzkto

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The current market situation looks like a recovery. Along with bitcoin, altcoins are starting to rise, which is positive. Maybe bitcoin will come out of the accumulation zone and then we will see a full bull run, but for that we need to consolidate above 47k. Hopefully that will happen in April. By the way, with bitcoin recovering so slowly, altcoins are performing better.

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Quote from: traderethereum on March 24, 2022, 04:58:36 AM

Today bitcoin finally hit $43k again after struggling to increase its price bit by bit and hopefully, it will continue until it goes high.
But bitcoin still has a long way to go, especially to get back to the highest $69k or ATH level that bitcoin has ever hit and that will take time.
And with the price of bitcoin rising to $43k, this brings joy to a lot of people, especially those who buy bitcoins at $40k-$43k or higher, because it gives them hope that over time, the price of bitcoin will rise high.
If this is the target price you want, you can sell some of the bitcoins you have and wait for another correction or do you still want to wait for another high?
If so, fasten your belt because the price will surely swing again after this.

Yes, we could be in another swing after hitting $43k because the next barrier will be $45k and we haven't broken it yet since we have a dramatic fall from the last all time high. All things considered, we are not in a full blown bull run, in my opinion.

And to be honest, I'm not sure if we still have the momentum to push the price to that level. Maybe the bulls have been exhausted as this point to reach $43k. So the first time to observed is that if we can maintain first at this level till next week.

Topic: Bitcoin Breaks Past The $40,000 Barrier Again? - page 4. (Read 800 times)