Topic: Bitcoin Hits $40,000 for First Time Since April 2022 (Read 263 times)

DCA method must be followed for investing whether during hype or dip. Because we know it always minimizes our losses and minimizes our investment and frees us from major risks. DCA must be followed for this be it Bitcoin investment or any other altcoin investment. We never imagined that Bitcoin price would cross 42k so quickly. Maybe the big analysts figured it out, but I thought the big Bitcoin pump would start in mid-2024. But it has already started so it looks like Bitcoin may make a new ATH again in mid-2024.

Not only you. I didn't expect it to go so high this close range. I was expecting maybe from next year 2024. But seeing the massive move of bitcoin makes me have a hope and confident that Bitcoin will soar so higher by next year. If it can hit $41k this year maybe next year would rise to $50+

Indeed those that bough Bitcoin when it was dip at $20k, by now must have made %100 profit.

it just takes time for bitcoin to reach its ath considering that bitcoin's ETH approval is getting closer and there are already many brokers who are interested in it and will push bitcoin to its highest point

This is good news for crypto holders like us, because we have long hoped that bitcoin could be accepted by more people globally and with these brokers introducing bitcoin ETF products to more people it is hoped that it will encourage the adoption of bitcoin and increasing the price which can give us holders the maximum profit we hope for

Suddenly such a high-quality pump of Bitcoin is as good as expected, and the extra high is also very scary.  Now is the time to pump Bitcoin though because the price of Bitcoin has been in the dumps for years. So now if there is an extra pump it can not be thought of as something negative.  We all know that Bitcoin will make ATH and has done so many times before.  It is true that there is still plenty of time to invest in Bitcoin but one must follow DCA instead of panicking on the hype while investing.

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.

Bahahaha.  

I happened to be using my wallet when I saw the price ticker hit 40K.

Really nice stuff to see, now all the bears have hidden in their winter dens for hibernation.


Mate who cares about 41k, the price will be going through the roof in the coming years if not months.  


Mr Cramer is usually inverse traded immediately after he finishes rambling on Mad Money, not 2 months later. I'm glad I didn't make the mistake of watching that (CNN?) show in my early days.

Right, lowest lows is $15,500 from last year when we have the FT collapse. And now it goes more than 100%+ close to maybe 140% already.

So yes, there's a lot of optimism on the approval of Bitcoin Spot ETF, and if we had such one approval before or after the block halving, for sure we will see a huge increased in the price and then we welcome the bull run.

So let's just relax though, good to see it breaking $40k, but we will be waiting what will be the all time high next year and then 2025 for that massive bull run that we all have been waiting again.

After seeing Bitcoin hit 41k this morning am waiting to see them media who has never talked good about Bitcoin to come and publish them article let's see how they are going to talk this time. It's December and the price is going higher can't wait to see BTC hit 60k by 2024 but then I think the fear that has griped some new Bitcoin investors will be out now because they will be motivated by the recent rise in Bitcoin price, let's see if BTC can hit 45k before the third week of December.

Neither did I. Not long ago, I created a thread discussing when we're likely to reach the $50,000 mark, and I also mentioned that Bitcoin is unlikely to surpass $40,000 within 2023. It wasn't a great year after all, and I didn't expect any pleasant surprises in the two-to-three months that were left. I was wrong, though, and woke up today to find that it has reached $41,000 and may climb even further. Its price is already increasing as I'm typing this post. It's quite possible to surpass $50,000 by March or April, which, from the lowest price in 2023, is up to a 3x yield in a smaller than 2-year period. Quite astonishing, if you ask me.

I'm not quite sure when we'll have another ATH, certainly between 2024 and 2025, but it doesn't look that far from where we currently are.

Bitcoin finally managed to reach the $41k level in early December. This is good and positive news for the movement of bitcoin and hopefully, the price can continue to increase until the end of the year.
But we also have to be alert to the usual corrections in bitcoin prices. That will be a moment to add more bitcoins.
The ETF is a matter of time and when it is approved, it could provide a boost for bitcoin prices to break even higher.
But if there is a correction, this $41k price will be a temporary high this December but bitcoin still has more time to start its long rally.

BITCOIN pumping like crazy! Anyone still waiting for it to drop to 10K?  

Many of us never expected Bitcoin to cross the 40k region at this time and most importantly we have kept a high gaze at the after-halving possibility for market increase, but surprised, bitcoin have crossed the 40,000k+ price even before the middle of the last month of 2023 which to me is a good sign of what to expect shortly and at some point also, if the rally persists in it current speed, that means we are going to see a possible new price benchmark mark befor6the much speculated 2024 March - April Bitcoin halving period.

So seeing Bitcoin at 40k really excites me at this moment in time because many who bought Bitcoin when the price was below or within the 20k region, are already in massive gains right now.

And now bitcoin has reached a price of $41000 and it looks like it can still continue to rise. Congratulations to all friends here who have held bitcoin with such strong hands. And now the price of Bitcoin has quickly penetrated the price of $41k. But I think this is just the beginning. Because current market sentiment continues to strengthen because many expect that interest rates will soon be lowered. And currently more and more instutition applying for Spot Bitcoin ETFs. Apart from that, the deadline for the Spot Bitcoin ETF to be approved is also in sight. And many believe that it is only a matter of time. But I hope we all stay calm and don't FOMO.

Bitcoin is attracting more investors during this period because the optimism that the SEC will approve the spot ETF is very high. The recent meetings by the regulatory body with some of the ETF applicants is seen by many actors as the green light that it will be approved. Within a few weeks, the SEC has met with almost eight of these applicants but there are no official statements that all modalities have been put in place for the final approval. But the market is responding positively to these happenings. There are many chances that Bitcoin will get to $50,000 this year but as we know nobody of sure of the price the next minute so we just keep on predicting.

Very surprised that this move happened on a weekend. There is also gold which hit an all time high during the early Asian session. No idea what is going on.

Maybe someone knows something. Last Friday I think someone went $200M long on Bitcoin perps on Bitmex. Maybe there is some leak about the etf. Seems very strange for All this to happen out of nowhere on the weekend.

Correct this, as I am sure it is a typo and you are referring to the year 2024. And as for reaching that figure, it is normal that we will reach it at the beginning of 2024 or maybe even earlier, it would not be unreasonable to reach it this month. It is clear that we are starting a bull market, although as is logical and with the volatility of Bitcoin, there will be ups and downs.

BTC made more than +100% this year, it was an amazing journey that doesn't seem like stopping anytime soon. Imagine what we'll see after the ETF.

It is very difficult to predict where Bitcoin's momentum will stop. However, I think there is a strong potential for Bitcoin between $45k and $50k. Many do different types of analysis but Bitcoin is difficult to predict as it is influenced by many factors. It seems that the market is creating two environments, Big Pump or Dump. I am making an assumption based on my own opinion from Candlestick pattern that dump will actually come massive dump but this may not be correct logic. Another thing is candlestick chart patterns Market a bullish flag has been created. Currently, if you do this type of pump, it will not give you the opportunity to buy, it can go to $45k-$50k at once. However, no matter what we say, things will not be like that  In today's market, everyone should take action wisely.

It's the first time that the price of Bitcoin has been that high since April 2022, right before the broader cryptocurrency market plunged. Bitcoin's near 20-month peak represents a 15% climb over the past 30 days, with the price of the coin more than doubling since this time last year.
The rising price appears to reflect continued optimism and excitement over the anticipated approval of a Bitcoin spot exchange-traded fund (ETF) in the United States.
source

We can expect Bitcoin price to reach $45,000 by the year 2022.