Bitcoin is ready for $40k | Bitcointalksearch.org

posi

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Quote from: Dave1 on August 11, 2023, 05:15:20 AM

Quote from: serjent05 on August 10, 2023, 05:38:55 PM

Quote from: Kemarit on August 10, 2023, 03:10:41 PM

Quote from: Mr.suevie on August 10, 2023, 02:16:44 PM

Quote from: Ricardo11 on August 10, 2023, 09:23:09 AM

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

I believe it will take sometime for us to witness Bitcoin surging to $40k . there is not enough news to bring hype to the market and most of the news recently is about SEC suing exchanges. The halving that will happen next year might be one of the bigger catalyst to see Bitcoin surging to $40k. Only news that creates huge hype and FOMO will move the Bitcoin market price to $40k but it looks like it won't happen anytime soon.

Yes, as much as we wanted to see this early and taste $40k and see our portfolio growing in terms of fiat, it's not going to happen. On the other hand, getting to $30k is already a problem as well. As we touch it briefly and then the it didn't sustain it's run in the last couple of days and so the price is < $30k again.

There are a lot of negative news and then those perma bears used it to create FOMO amongst cypto investors . So I also believed that it might take some time to reach our goal of $40k at the end of the year.

It is not easy to make predictions about bitcoin. One thing I see is that in June and July people are quite bullish in the market, but come August, when bitcoin is still under $30k. People are losing their optimism and starting to have a negative view of the market and people no longer want to expect bitcoin to hit $35k or $40k. That's why I don't want to make too many predictions about bitcoin because when it doesn't turn out the way we expect, we get disappointed quickly.

Personally, I don't care if bitcoin goes up or down, because I accumulate bitcoin monthly and will sell it when it hits a new ATH. But those who are expecting it to increase in price this month should not give up hope. Bitcoin is unpredictable.

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Quote from: Dave1 on August 11, 2023, 05:15:20 AM

There are a lot of negative news and then those perma bears used it to create FOMO amongst cypto investors . So I also believed that it might take some time to reach our goal of $40k at the end of the year.

Perma bears. Now there is a term for which I have not had the pleasure of meeting new members got a really long time. Almost miss seeing supposed long termers succumbing to worry or lack of hope before switching out horns for fang and claw.

Is it really their fault though, all this blaming? Why can't this be holder manipulation (I don't buy any kind of sustainable manipulation)? It seems to suit me, below 30k...

Dave1

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Quote from: serjent05 on August 10, 2023, 05:38:55 PM

Quote from: Kemarit on August 10, 2023, 03:10:41 PM

Quote from: Mr.suevie on August 10, 2023, 02:16:44 PM

Quote from: Ricardo11 on August 10, 2023, 09:23:09 AM

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

I believe it will take sometime for us to witness Bitcoin surging to $40k . there is not enough news to bring hype to the market and most of the news recently is about SEC suing exchanges. The halving that will happen next year might be one of the bigger catalyst to see Bitcoin surging to $40k. Only news that creates huge hype and FOMO will move the Bitcoin market price to $40k but it looks like it won't happen anytime soon.

Yes, as much as we wanted to see this early and taste $40k and see our portfolio growing in terms of fiat, it's not going to happen. On the other hand, getting to $30k is already a problem as well. As we touch it briefly and then the it didn't sustain it's run in the last couple of days and so the price is < $30k again.

There are a lot of negative news and then those perma bears used it to create FOMO amongst cypto investors . So I also believed that it might take some time to reach our goal of $40k at the end of the year.

serjent05

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Quote from: Kemarit on August 10, 2023, 03:10:41 PM

Quote from: Mr.suevie on August 10, 2023, 02:16:44 PM

Quote from: Ricardo11 on August 10, 2023, 09:23:09 AM

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

I believe it will take sometime for us to witness Bitcoin surging to $40k . there is not enough news to bring hype to the market and most of the news recently is about SEC suing exchanges. The halving that will happen next year might be one of the bigger catalyst to see Bitcoin surging to $40k. Only news that creates huge hype and FOMO will move the Bitcoin market price to $40k but it looks like it won't happen anytime soon.

Kemarit

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Quote from: Mr.suevie on August 10, 2023, 02:16:44 PM

Quote from: Ricardo11 on August 10, 2023, 09:23:09 AM

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

STT

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I agree this is still positive action occurring, looks messy up close but daily or higher bars and its ascending. We have a channel upwards yet to be negated and generally momentum is accumulating as seen by moving averages higher every day. We are below the 50 day average and yet to regain it confidently but thats a single measure out of quite a few looking positive. To be especially cautious it might be best to wait to regain and confirm the 50 average below the BTC price action so thats 30k or above roughly.

Franctoshi

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Quote from: ImThour on June 06, 2023, 07:07:13 PM

Chart Timeframe: Weekly

You can see how the Bitcoin Price broke the resistance at 0.33 Fib level and now this week, it made it a support.
I am speculating that we are about to head to the $40k Range.

Let me know what you think about it.

That is my initial price target ($40k) from this inverse H&S breakout if we finally got to break out or smash the $31k zone after the pullback and in that scenario, Bitcoin might get a drastic run towards the $40k level without facing many obstacles along the road, as the $31k level has acted strongly in resisting the price from moving further since we last hit 30k, and it is the strongest resistance zone on the way to previous ATH.

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Quote from: Ricardo11 on August 10, 2023, 09:23:09 AM

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

BITCOIN4X

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Quote from: wmaurik on August 10, 2023, 11:25:56 AM

Quote from: Ricardo11 on August 10, 2023, 09:23:09 AM

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The price you say is a price that looks quite logical for Bitcoin to reach, but I don't think that it will happen now because at the moment Bitcoin is still running at a price range of $29K to $30K in the market which means everyone has to be more patient if you want to see the price of $40K in Bitcoin. A bullrun is the hope for most people this year and also next, but for $100K it is not very easy for Bitcoin to achieve anytime soon. Because you yourself should be able to draw some conclusions on this when you have watched the price of Bitcoin for the last three months of this year hovering around $30K.

If someone wants to earn a commensurate return on a bitcoin investment, then they must have sufficient knowledge of how the market works for them. Bitcoin takes time and a lot of encouragement from investors, meaning that it also needs strong support that can eventually make its demand increase.

Of course it won't be easy to break $100k, but there is always hope of hitting that price in the future especially after the 2024 halving. Everyone seems optimistic about the price, but they need to be patient enough to deal with market volatility.

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Quote from: Ricardo11 on August 10, 2023, 09:23:09 AM

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

The price you say is a price that looks quite logical for Bitcoin to reach, but I don't think that it will happen now because at the moment Bitcoin is still running at a price range of $29K to $30K in the market which means everyone has to be more patient if you want to see the price of $40K in Bitcoin. A bullrun is the hope for most people this year and also next, but for $100K it is not very easy for Bitcoin to achieve anytime soon. Because you yourself should be able to draw some conclusions on this when you have watched the price of Bitcoin for the last three months of this year hovering around $30K.

Ricardo11

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Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

Yaunfitda

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Quote from: STT on August 08, 2023, 05:44:15 PM

Good action today, nothing definitive but lows are fib level prior BTC volume during this year and previous. High of today is a recovery back to the 50 day average area, while it remains below that measure its showing plenty of fight after an extended subdued period of time. Not yet ready for 40k but showing the kind of action I would expect in the weeks before mounting an attempt to properly return to a level similar to a 40k target.

Yeah, I was out the whole day tomorrow, wasn't able to login, but checking the price and I was surprised to see that there are good price actions, and it did almost touch $30k? or did it actually touch it?

Nevertheless, what the OP has laid is especially going to down could have been invalidated by the current price actions. It seems that there could be good news that fuel this whole increased in the last 24 hours and so it's a sign that we might touch $40k at the end of the year, the theme right now is slow but sure increased.

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Today the market have moved good. For a long the price was around $29k and today it had gone closer to $30k which is a good rise in the price. People are more positive with the price movements. The small market progress have made people to think of reaching $40k. We'll see increase in the price over the coming weeks, but $40k isn't assured. In between there is more chance for price correction. Over the price correction the price could move on the bullish or it can get back to the bear market reaching the price from which it started to bounce.

STT

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Good action today, nothing definitive but lows are fib level prior BTC volume during this year and previous. High of today is a recovery back to the 50 day average area, while it remains below that measure its showing plenty of fight after an extended subdued period of time. Not yet ready for 40k but showing the kind of action I would expect in the weeks before mounting an attempt to properly return to a level similar to a 40k target.

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Quote from: Joshapat on July 19, 2023, 11:58:14 PM

I didn't think that the price could red again below $ 30k, but I'm optimistic that the current correction is only temporary and the price will soon rise, in 1 or 2 weeks the price will return to $ 30k or even more, if we want big profits then it's the right opportunity to buy before the price is expensive.

Bitcoin is indeed stable; there will be no movement to improve, and the current situation is not a decline but stagnant. Bitcoin will return to its previous range and continue like that. Even for me, if later there is a correction to around $20K before the end of the year, of course this is bitcoin's momentum to prepare for entering the era of the halving period, which will occur next year [2024].It is certain that there will be a slow movement to continue to increase until the following year, when ATH will form again.I totally agree with you; of course, this is an opportunity to continue to buy and hold until the time comes.

Dave1

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Quote from: Onyeeze on July 20, 2023, 05:30:46 PM

The chart of bitcoin price that is showing positive in bitcoin chart can we believe that bitcoin price is relying on chart to strength effect in market, because I have seen so many people analysing the price of bitcoin with chart and after predicting with the chart of the Market and later bitcoin falls, does it mean that the people who present the chart does not know exactly what the arrow of the chart means why if they predict positive in the chart and the price bitcoin will go negative, and why so many people and predictors get different predictions of bitcoin price in the market

I don't think it's showing positive chart, on the other hand, we are already in a dip and so the chart might be pointing that the price will go down obviously. But the thing is that TA is not 100% accurate so who knows, maybe we can go to $30k again and stay on that price.

Short term, like in the next 3 months, for me, Im seeing the price that it could go as high as $40k. We might see a bullish chart specially approaching Christmas time as I will assume that bitcoin enthusiast are going to buy in preparation of the bull run.

Onyeeze

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The chart of bitcoin price that is showing positive in bitcoin chart can we believe that bitcoin price is relying on chart to strength effect in market, because I have seen so many people analysing the price of bitcoin with chart and after predicting with the chart of the Market and later bitcoin falls, does it mean that the people who present the chart does not know exactly what the arrow of the chart means why if they predict positive in the chart and the price bitcoin will go negative, and why so many people and predictors get different predictions of bitcoin price in the market

Baofeng

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Quote from: fzkto on July 20, 2023, 10:24:40 AM

Quote from: OgNasty on July 19, 2023, 11:10:59 AM

I expected to see a pullback, but I am a little surprised that it’s happened while the stock market is rallying so hard. Tech stocks seem to have been given the all clear to get back into rally mode. The NASDAQ is going crazy and yet Bitcoin is down slightly while investors are fleeing Coinbase stock. It’s like they know something we don’t.

Maybe someone really knows something. But I'm also surprised that the stock market is doing well and bitcoin is treading water. But still there is hope that the key level will be broken soon, because bitcoin seems to be fixed above 30k. In any case, the price is stable in a narrow range.

For stock market, maybe they have inside information, and most likely this is what happening as investors are pouring their money on NASDAQ and probably withdrawing their crypto and shift it. And that's why Bitcoin market is currently down below our support line of $30k.

Nevertheless, I don't think that this will last long, sooner or later this big shot Wall Street investors will go back to Bitcoin investments. That's how many are made by this smart people, they constantly move their money to make more money.

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Quote from: Joshapat on July 19, 2023, 11:58:14 PM

I didn't think that the price could red again below $ 30k, but I'm optimistic that the current correction is only temporary and the price will soon rise, in 1 or 2 weeks the price will return to $ 30k or even more, if we want big profits then it's the right opportunity to buy before the price is expensive.

The decline or correction that occurred in the movement of bitcoin is still relatively healthy even though it experienced a slight decline below 30k in the end it returned to 30k, and hopefully the price of bitcoin does not fall below 28k. Because if that happens there is a possibility that the bitcoin price will return to 25k and hopefully that won't happen.
but if the bitcoin price returns to 31k in the near future there is a possibility that 32k and so on will be reached at the end of july, but this month it will not reach 40k.
and buying bitcoins now is still a good time as long as you are aiming for the long term.

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Quote from: Mario Yamasaki on July 19, 2023, 09:56:57 AM

Today there was another correction so the price fell below $30k, of course I never thought that the price would fall below $30k, maybe this is a trap made by whales because they want to buy cheaply, but let's not panic and sell too, better to keep buying because the bull run is coming soon.

The correction that is happening now is not a trap from the popes, but indeed a normal correction that used to happen very often in the market. You can see the percentage of the correction that is happening right now which is still not too far away at $30K so it is still very possible for Bitcoin to go back past $30K this month because Bitcoin is still very strong in that area. So this is not a trap from anyone.

Quote from: fzkto on July 19, 2023, 10:04:24 AM

So far it cannot be called a correction. The price has not fallen much, it is still a normal sideways price movement. If the price falls to 25k, it will be a real correction. In the meantime, the price can bounce back above 30k at any time.

That's right, but a small correction should also be considered a correction although in the near future the Bitcoin price could also bounce back to $30K because the correction was also not that deep and still very close to $30K, so this should also be considered a correction even if it is a very small thing.

Topic: Bitcoin is ready for $40k (Read 1387 times)