Topic: Bitcoin Hits $40,000 for First Time Since April 2022 (Read 183 times)

Sometimes you will predict for a particular price to happen in the market but it will not come to pass like the way investors have be expecting this $40k to occur for hodlers that bought when the price was $20k to make a good profits but the price just hit the $40k yesterday. This new increase will make some hodlers to start releasing their BTC for sale without asking any question if it's time to sell or hodl because many people have been waiting for the price to reach $40k before they will visit the market to achieve their profits before the end of the year.

The price will rise more than this next week for people to know that bear run is about to leave for bull run to take the position till the end of next 2 years 2025 before bear run will show up for people to buy and hodl again.

Not totally expect but speculated since people are trying to predict it could happen since bitcoin halving is their basis since usually we could really see a bullrun happened at that time.

Since $41k price has been achieve then I think that maybe there's more with this as we are still at early December so the potential for bitcoin to reach for $50k is now really possible.

This also indicate that its good to hodl since we already see a snapshot on what will be the possible outcome on next year. So we could maybe agree with this that all people who hold their bitcoins will provably became lucky especially if it hits for another all time high which is all people really want to happen.

Many people really expect that Bitcoin will really reach that price in the month of December, and even based on my fundamental analysis this month of December, the price of Bitcoin can play between 40k$-60k$ before the end this year for sure.

And entering January 2024 is when we will really see the rally price value of Bitcoin as it approaches the halving event itself in the month of April-May 2024.

I knew it would touched $40k in December but I never thought it would happened this soon. This is indeed a beautiful surprise, the market is getting bullish already. Yesterday, I commented on the speculation board and I speculated about it reaching $44k in the next 60 days but it's looks like it's going to happen in few days. If spot Bitcoin ETF gets approved in the coming months coupled with Bitcoin halving, which is around the corner, Bitcoin could hit ATH in 2024.

as usual, bitcoin movements are difficult to predict, even i myself don't know what causes the market to move as it is now. but it seems this is related to etfs and the fed cutting interest rates.

i am very happy with this news because after we have been in an uncertain position for a long time, bitcoin has finally penetrated 40k usd and it looks like the movement will be even more in the next few weeks.

BTC has been growing very fast for a while now and it crossed 42K today.  Such behavior of Bitcoin seems that Bitcoin price will make ATH soon. And this could create an interesting new ATH going into 2024 which will probably be 80k+ and if this happens Bitcoin will once again prove that it follows a four year cycle. Buying and holding bitcoins now would probably be very profitable even though we had a great opportunity to buy bitcoins on the dip before but we didn't take advantage of it.  But there is still a good chance

No doubt, in less than 24 hours or nearly on it we've got a lot of movements already. That's possible to make this year ending to reach $45k or if not, close to it.

How are those people that are still waiting for the $12k as the lowest for this year? We've got halving next year and then some potential approval for the Bitcoin ETF that's been filed.

But even if most of it doesn't get an approval, that's still fine. We've seen Bitcoin not reliant to it but no denial that they're going to be some great push for the bull run if approved.

After a long time Bitcoin price is completing high speed and Bitcoin price has touched up to 42 thousand dollars. Today the price of Bitcoin has gone up so fast in a short period of time that the price of Bitcoin is increasing unimaginably. Bitcoin price may touch 50 in December ofcourse.
Investing in Bitcoin is definitely better because I am very happy with my portfolio as my wealth has increased. So I will never stop investing Bitcoin in my DCA method. Everyone keep investing in Bitcoin and your wealth will grow.

What the fuck is going on with bitcoin nowadays lol. All of my friends (including myself) are expecting bitcoin to undergo some correction eventually into the future. But look at where we are right now, almost at the glory days once again! Don't get me wrong, I'm liking what I'm seeing and this definitely makes me feel optimistic about the year-ender price of bitcoin but at the same time I'm kind of getting into the prediction that eventually, we're going to hit a wall and it might even affect bitcoin majorly if ever. For the meantime though, I guess let's just wait for the whole ball to roll and expect that at the very least, by early 2025 we get a new ATH based on bitcoin's trend over the years.

We can watch with curiosity as it defies gravity and skepticism, pointing to future expansion. A Bitcoin ETF in the U.S. is anticipated with excitement, signifying a revolutionary mainstream adoption. This excitement goes beyond numbers; it shows a belief that Bitcoin can change how we view and interact with digital assets. Predicting a $45,000 price target by 2023 sounds likely. Beyond market trends, Bitcoin's value and potential are shared. Each step toward this milestone strengthens Bitcoin's relentless pursuit of acceptance and respect, therefore it will be closely observed.

Bitcoin price touched $40,000 last night which is a very good news for Bitcoin investors and every crypto user. For a long time we have seen the price of Bitcoin stay below $30,000, it took some time for Bitcoin to cross $30,000, and after crossing $30,000 it didn't take long for Bitcoin to hit $40,000. Bitcoin has crossed the $40,000 barrier and is now likely to cross the $50,000 resistance. The middle to end of this year has been a very good time for Bitcoin to catch on as the price of Bitcoin has been able to rise significantly during this time of the year. As a bitcoin investor I am quite optimistic about the market and I think the bitcoin market will be able to go higher. As the Bitcoin market goes higher, it will be good news for investors like us.

Bitcoin will hit its previous price again. The price has increased a lot and is a great opportunity for investors to invest in bitcoin. Everyone is hoping that the price of 100k will go. Bitcoin price may go higher by the end of 2024. The so called winter of cryptocurrencies is coming to an end. Bitcoin price may rise by few percent more. Investors won't sell of the coin as profits grow in bitcoin while selling a little will still have good cash flow.

That's an impressive surge for Bitcoin, hitting $40,000 after a significant climb in the past month. The positive sentiment is likely tied to the anticipation of a Bitcoin ETF approval in the U.S. If this trend continues, reaching $45,000 by the end of 2022 seems plausible. Keep an eye on market developments and trends for a clearer picture.

If you ask me what can actually stop this bitcoin pre halving bull run I will say it will be a big exchange collapse or the most effective one will be the SEC actually canceling the ETF approval or delaying it. This two things can cause stare in the market as some people you are aggressively buying are looking at the pre halving bullish due to ETF.

As for the price prediction, no one actually predicted a $100k this year, most predictions of bitcoin surpassing the current all time high of ~$69k is after the halving next year and the precise prediction by many that bitcoin will touch $100k is in the year 2025, which is also my predictions. I also agree with you that this years price wouldn’t go beyond $50k, I had set my resistance level to $40k before but it just broke past it so I am going with the $50k

FOMO is what had made the unexpected pump in bitcoin price, because most investors have believed that SEC will approve bitcoin spot ETF next year January and this have made them to start stashing their portfolio ahead of the approval. I must say that this is a good move for bitcoin price and this shows that we will have a price higher than 100k in the next ATH, this is a great move to end the year for bitcoin investors. If you have buy bitcoin yet, you should buy now because it is clear that the bull run is around the corner. I will continue with my regular DCA till after the halving.

Well, over $100k is easily coming this market cycle even without an ETF. It would be extremely bizarre if Bitcoin didn't easily surpass $100k in the 2024/25 bull run, like something truly terrible would have to happen to cause that.

The last market cycle peak was $69k. Bitcoin goes much higher each cycle. It doesn't go back to the same peak as the last cycle. Bitcoin grows over time. The past few peaks have been $1150, $20k, $69k. Notice how it goes up a lot each time. You're confusing effects of an ETF with just the natural growth of Bitcoin. An ETF will have a big impact on Bitcoin's price, but that has nothing to do with why Bitcoin will go a lot higher than $69k.

Also not sure why you think there was a perfect storm that sent Bitcoin to over $60k in 2021. That was actually a pretty bad bull run and lots of stuff went wrong. It was sorta the opposite of a perfect storm haha. Even 2017 which 20x'd that year and 100x'd from the bottom of that market cycle wasn't a perfect storm as there was the whole segwit/forking/bch drama in the middle of the bull run.

In 2021 the market crashed in the middle of the bull run and then it took all the remaining momentum of the bull market the rest of the year to stop the crash and bring it all the way back up and a bit higher. Without the issues that happened in 2021 Bitcoin likely would have passed $100k back then. Now Bitcoin is much bigger (as is the case every succeeding market cycle) so $69k is not impressive this time around, just as $20k was not impressive in 2021, and $1150 was not impressive in 2017.

Without an ETF we are probably looking at $130k-$150k or thereabouts (assuming there aren't any big issues like we had in 2021). Biggest chance of big issues this cycle is probably from governments like if the SEC tries to make a bunch of trouble to disrupt the bull run. But with an ETF I think that probably gives Bitcoin a good chance to hit a $150k-$170k peak this time around. I am not at all convinced an ETF is coming anytime in the next few years, so I'm thinking more along the lines of Bitcoin doubling to around $140k give or take $10k or so. Personally I'm playing it conservative and assuming it'll only go to like $130k.


You should learn more about Bitcoin, learn about its history, its growth, how the market cycles work, and so on. Your statements suggest that you don't understand that Bitcoin is growing massively every four years. Just think about this - at this point in the market cycle last time bitcoin was somewhere around $7k-$10k, now its at $40k. That fact alone should make clear to you why everyone expects prices much much higher than $69k in 2025, and it has nothing to do with an ETF.

But yes we should guard against overoptimism. For example some people last cycle expected Bitcoin to go to $300k in 2021. They just assumed Bitcoin would keep growing at the same pace and they forgot about diminishing returns as anything grows larger. This time I'm sure there are people who think it'll go to $300k in 2025 and again that is hopelessly overly optimistic. $300k would be a great target for the 2029 bull run (perhaps even a bit lower like $250k), not the 2025 bull run. But the opposite of over-optismism would be your statement of not understanding why the price would be larger than four years ago after four years of growth for Bitcoin.

I also agree that saying that these Bitcoin ETF approvals are the reason the price is going high is giving it too much importance. For crying out loud! Price has been going up even before an ETF was thought of, so what gives?
Great observation here and I couldn't agree more. With everyone being keyed up for the bull run, and with it's price going up this fast, I'm afraid that some may take it as a positive sign that greater things will happen (which will, by the way) but may forget that just as it has the capacity to go up, it can come down or even stay at a place and those who have hurriedly invested and set a target all thanks to the predictions going on may be sorely disappointed if their expectations are not met.

Some economic experts says with the approval of the Bitcoin ETF, we can expect a Bitcoin price of $100 000+ ...but I think that is just speculation. The last time when we had the "perfect" storm, with everything going according to plan, the Bitcoin price only went to $60 000+... so why would the Spot ETF have such a huge influence on the price?

We should guard against over optimism ....and rather opt for a lower prediction to protect people from disappointment, because their expectation would be set too high.   

Past few days I started seeing media articles speculating on the Fed lowering interest rates throughout next year, I mean like more so than previous idle speculation but articles explicitly saying the Fed is gonna drop rates a bunch to make sure the economy doesn't falter. Could just be people reading that stuff the past few days, and seeing Bitcoin pumping the past month and a half, and so people started deciding they should front run liquidity coming back into markets once interest rates start going down next year.

Just a guess. That's the only like specific thing I've seen going on this week in the world of finance. And since investors tend to be afraid when rates go up, and happy when rates are gonna go down, I suppose it makes sense.

Yep , now bitcoin is $41k . We all know that is the bullish season of bitcoin and halving is near so what are you thinking nothing can stop bitcoin. The price is increasing and interesting Bitcoin predictors predict that the price of bitcoin will go up to $100k but i think the price of bitcoin in this year will stay under $50k. But it's not taking long to take bitcoin moon .So what relax guys price is increasing and halving is near hold bitcoin more.