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Topic: Bitcoin gradually clinching to $40k - page 2. (Read 563 times)

hero member
Activity: 2492
Merit: 542
January 06, 2021, 02:08:55 AM
#48
$40k is imminent IMHO in just 2-3 days from now we will see new ATH again I remember last week almost everyday we saw new ATH which possible to happen again this week the correction is almost -25% and easily recovered in just an hour yes thats how strong the bull right now all dip will be eaten so fast that you cant even imagine lol.
hero member
Activity: 2604
Merit: 816
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January 06, 2021, 01:56:40 AM
#47
Wha happen to bitcoin? Do someone really like it to reach 50k$ per bitcoin? I was waiting that someday it wi going to collapse but it did never happen and that bitcoins keeping getting into bullish. I am not sad but not happy as well because it will be very difficult for bitcoin to revive after it reach that market price so high. When it falls bouncing back may find it difficult and hard to achieve in the future.
Bitcoin is increasing now Grin
I like this moment, especially if the price can increase fast to $50k. I am sure people are waiting for this pump so that they can make a profit from the bitcoin. But you can prepare to wait for the down because after this high peak reach, the price will be back to the low price, and that will be your time to buy bitcoin again.
jr. member
Activity: 70
Merit: 1
January 06, 2021, 01:55:00 AM
#46
We will soon see bitcoin reaching the $40K mark and maybe $50K by the end of this month. After reaching $50K if we continue to HODL then the future is good otherwise I'm not very optimistic about it given the people's behavior.
sr. member
Activity: 1624
Merit: 315
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January 06, 2021, 01:22:29 AM
#45
It's pretty much possible if we looks at the pace with which Bitcoin is growing but we need to consider volatility factor for long term plans. We are happy that Bitcoin is unstoppable and more institutional investments are pouring in and users like you and me who are investing as well in FOMO is also playing key factor in supporting the pump by creating a resistance level. I think $40k is not a big deal as per current market standings.
The pace of growth is exponentially faster than the last time that it reach this kind of peak, with the current institutional investor rallying in the market, I think the volatility is a little tamed. I have to disagree about 40k not being a big deal, this is a new record if it ever happens and for any price higher than recorded ATH, I think that it is a big deal.
legendary
Activity: 2576
Merit: 1043
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January 06, 2021, 01:06:11 AM
#44
In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?
Right now Bitcoin is at $35,000 already.
$40,000 can be achievable if Bitcoin will continue its price movement in the next weeks. Bitcoin is moving very rapidly that people can't cope up into it. We see Bitcoin doubled already from $17,000 to $34,000 in less than a month so $40,000 can be reached if holders will not take profit at the $35,000 price.

I'm quite surprised with this parabolic rise to be honest and many didn't expect this to happen also. My previous prediction last year is $15,000-$16,000 but it didn't happen and it doubled. Many are happy with the current price movement of Bitcoin and the crypto market however, we just need to be vigilant and always ready for the worst case scenario because anytime the market can go down like what happened in 2018. All markets need a correction so just be ready if that happens.
hero member
Activity: 2912
Merit: 556
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January 05, 2021, 11:46:03 PM
#43
i hope the bicoin keep rising up and also the altcoin espesically idena hahah still wait the price correction

It will still rise soon, but unfortunately, we will also see the price will get down for a while, and I think we already saw what happened to bitcoin a few days ago. But to reach $40k, bitcoin will need more time, but if the supports can come to the market, it will increase the price. And now, the bitcoin market is rising to the high price, and gladly, the price can break $35k, and the price still increases more. I think the price will be at this price level for a while before it starts to reach and break $36k.
copper member
Activity: 2156
Merit: 983
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January 05, 2021, 11:26:41 PM
#42
i hope the bicoin keep rising up and also the altcoin espesically idena hahah still wait the price correction
member
Activity: 308
Merit: 15
January 05, 2021, 11:07:51 PM
#41
Wha happen to bitcoin? Do someone really like it to reach 50k$ per bitcoin? I was waiting that someday it wi going to collapse but it did never happen and that bitcoins keeping getting into bullish. I am not sad but not happy as well because it will be very difficult for bitcoin to revive after it reach that market price so high. When it falls bouncing back may find it difficult and hard to achieve in the future.
legendary
Activity: 3346
Merit: 1352
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January 05, 2021, 11:04:27 PM
#40
Currently, there is no resistance we can see in the chart. So one thing that might stop this bullish trend is news or a catalyst. Let's hope for the better. But it isn't healthy also that BTC kept on rising right?

Looking at the order books of various exchanges, I can't see any massive sale orders around $40,000 as well. This means that unlike the case with what happened in 2013 and 2017, this time most of the investors are in for the long term. They are not satisfied with 50% or 60% profits. They do have confidence that Bitcoin can reach a level much higher than $35,000 or $40,000 per coin.
full member
Activity: 574
Merit: 125
January 05, 2021, 10:26:25 PM
#39
As what things happening right now, reaching $40000 is quite possible, we have seen a great movement of the value of bitcoin this day and it is really good for many people especially for all the investors who believes in it and didn't seel bitcoin when dumping happen way back the month of March. I was shocked and amazed by what is going on with bitcoin hoping that it could stay for too long with that value.
hero member
Activity: 2926
Merit: 657
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January 05, 2021, 06:33:01 PM
#38
Is $40,000 going to be a major resistance level? From what I have seen, there was hardly any resistance around $30,000. It was breached in a matter of minutes (unlike the case with the $20,000 level which took almost a month to breach). IMO, the next major resistance level may be $50,000 and we may reach there pretty soon. Because when Bitcoin moves up or down, it moves very fast.
Bitcoin really moves fast and surprising. We have seen its struggles before reaching the resistance of $20k but when it crosses there, the way it moves upward is too rapid. Even myself, i'm now convince that it will soon to reach $50k after it will start to touch $40k. We might expect some corrections but after that, it will continue to be bullish again.
sr. member
Activity: 1876
Merit: 318
January 05, 2021, 10:06:18 PM
#38
It's nice to know that the price of Bitcoin continues to go up, even the current Bitcoin increase is not experiencing a deep correction.
The price of Bitcoin only dropped to a price of $ 30,000 a few days ago, and the price is now back up to a price of 33,900. This led me
to be optimistic that the $ 40,000 price tag could be reached soon. Therefore I will not sell my Bitcoin in the near future, even though
if I sell the Bitcoin that I have now I can get a large enough profit. Because I believe Bitcoin this year can reach at least $ 50,000.
member
Activity: 1358
Merit: 81
January 05, 2021, 09:58:53 PM
#37
There is also a possibility that the price of Bitcoin could reach 60K. As Plan B said in a tweet.

https://twitter.com/100trillionUSD/status/1346527117740281856?s=19

It is exciting to see what is happening with Bitcoin these days as well as some fear that the price will fall. But the moment is totally different, there is greater interest in investing in Bitcoin so it could allow the price of Bitcoin to continue its climb and never see its lower price again.

The dollar is losing confidence and people are preferring to invest in Bitcoin. Altcoins is a good option when we do not have more capital.
full member
Activity: 2520
Merit: 204
January 05, 2021, 09:53:25 PM
#36
In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?
40k seems close because Bitcoin already touched almost 35k recently .

But there are other things to look at , does the correction over ? will there be no coming crash ? and are we really having real investors now ?

those question is still lingering in every Bitcoin investors specially those small Holders that has been reacting whenever this is a trigger in price dump.

and also each day the Markets volatility is seemingly not giving assurances to us to keep the hold or go out.
sr. member
Activity: 1988
Merit: 453
January 05, 2021, 11:56:34 AM
#35
Is $40,000 going to be a major resistance level? From what I have seen, there was hardly any resistance around $30,000. It was breached in a matter of minutes (unlike the case with the $20,000 level which took almost a month to breach). IMO, the next major resistance level may be $50,000 and we may reach there pretty soon. Because when Bitcoin moves up or down, it moves very fast.
full member
Activity: 1330
Merit: 147
January 05, 2021, 09:05:57 PM
#35
In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?
Indeed bitcoin is getting high day by day and it doesn't need a long time for the price reach $40.000 but I guess there will be many people who will afraid to buy bitcoin at the current price. They will be afraid when they have bought because if the correction comes they will lose huge money. In weekly time frame if we see in candle stick pattern we have seen a correction come. That is why there will be many people who will wait the correction comes after they buy. Now, I prefer to choose trading in some altcoin, I don't know when the altcoin season come but the current price movement and with my capital is more suitable to trade/invest in altcoin.
full member
Activity: 1904
Merit: 138
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January 05, 2021, 06:57:48 PM
#34
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Bitcoin really moves fast and surprising. We have seen its struggles before reaching the resistance of $20k but when it crosses there, the way it moves upward is too rapid. Even myself, i'm now convince that it will soon to reach $50k after it will start to touch $40k. We might expect some corrections but after that, it will continue to be bullish again.
You're surprised? Well, so am I. In all honesty, I never thought that I will experience this kind of price increase. All I was expecting was the price to reach $20k. But look at it — more than $30k already! With that, it just shows that nothing is indeed impossible so there's a possibility that it'll reach $40k. We might experience dips along the way but surely, it'll come back.

Last year, most of us were only hoping for btc to reach 20k but surprisingly we hit beyond that. And now, btc is playing between 33-35k. This is really great news for all of us especially those who are still holding their btc who bought it in cheaper prices. With this price level, there will be really a lot of users that will be attracted to check out on bitcoin, a lot of these noncrypto users will get their interest to venture in crypto. Let's hope that market adoption will grow stronger as well as merchants adoption.
sr. member
Activity: 1036
Merit: 294
January 05, 2021, 06:54:14 PM
#33
~
Bitcoin really moves fast and surprising. We have seen its struggles before reaching the resistance of $20k but when it crosses there, the way it moves upward is too rapid. Even myself, i'm now convince that it will soon to reach $50k after it will start to touch $40k. We might expect some corrections but after that, it will continue to be bullish again.
You're surprised? Well, so am I. In all honesty, I never thought that I will experience this kind of price increase. All I was expecting was the price to reach $20k. But look at it — more than $30k already! With that, it just shows that nothing is indeed impossible so there's a possibility that it'll reach $40k. We might experience dips along the way but surely, it'll come back.
sr. member
Activity: 1400
Merit: 269
January 05, 2021, 06:19:02 PM
#32
I'm looking for a $50,000 all time high and this is not based on gut feeling but actually, a well analyze research by plan B. Companies, hedges, pension and banks are looking to try and buy more Bitcoin before a major rally. Institutional adoption will sustain the price, this is not the same in 2017 pump and dump. There's a lot of support in the $30k price level we've successfully retested it, most people are probably expecting a pullback to enter the market but at this time the accumulating phase is over.
sr. member
Activity: 2842
Merit: 326
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January 05, 2021, 05:45:55 PM
#31
The price bounced of the $30K support thrice with reference to BTC/USD 4 hour time frame with that Price Action I don't think the price will go below that price mark again and with a new resistance set up at $34K once the price breaks that zone then $40K price mark will be feasible, while there are fear that the price will be corrected or pullback massively its very obvious that the present Price Action is absolutely different from that in 2017 when the price reached an ATH this time around growing institutional adoptions is in order of the day which serves as a booster to the price.
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