Topic: Bitcoin is ready for $40k - page 2. (Read 1380 times)
It is obviously going to happen at any moment now Bitcoin could possibly skyrocket to 40k$ that's for sure I mean yes there is a bit of resistance around 30k$ in the past day and it already climbs to 31k$ in the past few days but still we notice that the price still didn't drop a huge percentage even though the FOMO hit even though the XRP drop its article and announcements, we can expect a drop in the coming weeks that I think it could easily bounce back because it's already gaining its momentum. I mean most of these things doesnt really matter as long as you already position yourself in the market you could just wait for the market price to skyrocket, I already accumulate a lot of Bitcoins in the past months after the bull run big drop, and I'm still buying until now even the market price is kinda high compared to the past weeks, I just increase my buying power every time the market price drop and lower it when the price increase it wasn't a big difference that when the bull run hits after the Bitcoin halving for sure it's going to be a big profit.
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. 
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.
We did take a dip but the we quickly bounce back to $30k again and that is a good news for us.
But as far as $40k goes, hmm, it's getting to be another rough road for us. We need to get back to $31k first and then maintain that price this month. I thought that we can get to even $32k at the end of July but it seems market has slow down a bit.
So we will see, we have like 2 weeks before the end of this month and hopefully there will be some semblance of a small rally.
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.
Chart Timeframe: Weekly
You can clearly 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.
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.
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 thing is, if you truly believe in Bitcoin as a new global payment system, it's highly possible that its value will rise significantly due its scarcity. Instead of panicking during any market fluctuations, it's necessary to stay motivated always. Just remember that you won't have more traditional currency to keep buying Bitcoin, but what you'll need more buying power. 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.
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.
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.
Bitcoin has been holding on at $30k for the past few weeks, and indeed the opportunity to reach $40k is still very open and can be achieved,
it's just that if bad news comes of course we have to prepare another strategy, because if bitcoin dumps below $30k again then $40k will hard to achieve.
The price prediction of bitcoin is becoming more difficult daily, the playing around $30-31k may take long and could adjust it to $29-32k, this will not change anything. The short term traders can make their money in this condition and the opportunity for the long term traders to earn is pended to avoid high risks. The $40k expectation is not what will be hit in 3 months, it should have happened if it has the power to do so. Some people don't even want that for it to be bought at a low price before the halving bullish run.
Only the collective buying and holding of bitcoin can help the bullish breakout that can make it easily jump to $40k. Many are not willing to lend their support yet, it will keep the growth of bitcoin limited.
Short term traders and even leverage traders are definitely having a blast right now without a doubt. I am not saying that there is going to be nothing at all but that doesn't mean that we are going to end up with a problem or not. I feel like it is going to be fine and we are going to end up with a big major problem if it wasn't like that. Some are making money while some others are losing money as well.Only the collective buying and holding of bitcoin can help the bullish breakout that can make it easily jump to $40k. Many are not willing to lend their support yet, it will keep the growth of bitcoin limited.
This is why we should not really be considering the situation as something bigger. I hope that we need to get to a point where it can reach a lot better. I hope that it wasn't really just a stuck price and we can go higher and reach those 40k levels, that would be actually pretty sweet and I really would like that to happen.
Bitcoin has been holding on at $30k for the past few weeks, and indeed the opportunity to reach $40k is still very open and can be achieved,
it's just that if bad news comes of course we have to prepare another strategy, because if bitcoin dumps below $30k again then $40k will hard to achieve.
The market is now stable at 30k with price upgrading on any positive news and reversing again. From this situation it is understood that the market has not yet achieved full strength and hence is going back from the rise. But the main point is that even if the market is correcting, it is not going too much downwards. So we will soon see a big price movement in Bitcoin.it's just that if bad news comes of course we have to prepare another strategy, because if bitcoin dumps below $30k again then $40k will hard to achieve.
Bitcoin price correction started this year. In the meantime, the price of bitcoin 30K is standing, any time the market will regain momentum, Bitcoin will soon be in the range of 38k-40K.
Bitcoin has been holding on at $30k for the past few weeks, and indeed the opportunity to reach $40k is still very open and can be achieved,
it's just that if bad news comes of course we have to prepare another strategy, because if bitcoin dumps below $30k again then $40k will hard to achieve.
I see it looks unlikely that the bitcoin price will reach $40k anytime soon. Moreover, it's been almost a month since the bitcoin price is still in the range of $31k-$30k. Therefore, I think the potential for bitcoin price to reach $40k will at least happen in Q4 or later this year before the bullrun period starts.
Bitcoin market is pretty stable right now expect bitcoin price to be 40k$ in a few months. If bitcoin price starts dumping again now it will take a long time to go up. Bitcoin market was very bad a few days ago. There is potential as well as some risk. I think we can expect Bitcoin to rise in price very soon. We see no other option but to wait. Oh just in the last 24 hours though, market went back to $30k'ish. I thought that we are going to maintain $31k but it seems that it's the biggest barrier or it is the price that sellers are ready to let go of their stash. But I think it's more on the speculators, short term traders that did the selling.
But in any case, still great opportunity again to buy and accumulate.
No need to complicate things for us, $40k will be breach no doubt about that, it's that we should wait a little bit further. Everything will happen with a reasons so just keep on buying BTC.
The price prediction of bitcoin is becoming more difficult daily, the playing around $30-31k may take long and could adjust it to $29-32k, this will not change anything. The short term traders can make their money in this condition and the opportunity for the long term traders to earn is pended to avoid high risks. The $40k expectation is not what will be hit in 3 months, it should have happened if it has the power to do so. Some people don't even want that for it to be bought at a low price before the halving bullish run. But in any case, still great opportunity again to buy and accumulate.
No need to complicate things for us, $40k will be breach no doubt about that, it's that we should wait a little bit further. Everything will happen with a reasons so just keep on buying BTC.
Only the collective buying and holding of bitcoin can help the bullish breakout that can make it easily jump to $40k. Many are not willing to lend their support yet, it will keep the growth of bitcoin limited.
Bitcoin price has been at a long-term low since 2023. But we have already crossed the 30k dollar range. And now we have been waiting for almost a while now the price of Bitcoin touched up to 31.5k dollar. In 2024, Halving pointed out that the current 2023 Bitcoin price is more likely to peak at 50K dollar, so we can already reach the 40K range after a few months of waiting.
I think this wait will take longer than a few months. It is not yet ready for a rapid increase. The instant rise the other day was very short-lived and reached the 30k level again. I wish it would come to the 31-32k band and continue to rise gradually. We will be more solid. I don't like spikes. It falls right back.
Towards the end of the year, maybe this increase can come. That's what I expect.
Bitcoin price has been at a long-term low since 2023. But we have already crossed the 30k dollar range. And now we have been waiting for almost a while now the price of Bitcoin touched up to 31.5k dollar. In 2024, Halving pointed out that the current 2023 Bitcoin price is more likely to peak at 50K dollar, so we can already reach the 40K range after a few months of waiting.
I think this wait will take longer than a few months. It is not yet ready for a rapid increase. The instant rise the other day was very short-lived and reached the 30k level again. I wish it would come to the 31-32k band and continue to rise gradually. We will be more solid. I don't like spikes. It falls right back.
Towards the end of the year, maybe this increase can come. That's what I expect.
Bitcoin price has been at a long-term low since 2023. But we have already crossed the 30k dollar range. And now we have been waiting for almost a while now the price of Bitcoin touched up to 31.5k dollar. In 2024, Halving pointed out that the current 2023 Bitcoin price is more likely to peak at 50K dollar, so we can already reach the 40K range after a few months of waiting.
I believe the price of $ 40k will be reached soon, just like when the price is below $ 20k I was very optimistic that before April the price would reach $ 30k so I bought bitcoin even for a small amount, and I think the price of $ 40k will be before September.
it is very possible that what you say can happen but there will always be corrections that might also occur because it has not been seen that the direction of improvement will indeed fully occur. but I firmly believe that before the end of the year there will be upward movement to prepare for the era of the halving that will occur in 2024.Look at it being higher already, there are things that happen in life and suddenly bitcoin becomes a lot higher and it would definitely be a good thing. I am not saying that it should be any different to go up, if it just keeps this up then we are going to end up with a good return one way or another and I believe that could be a good thing. Just keep it going like this, it's green, and keep it happy and increasing like this, no bad news, no legal issues, and we are going to be 40k by the end of the year I believe.
I agree that Bitcoin looks like it’s preparing for a move straight up to $40K. I believe it will mirror the price action from 13-14 months ago and rise up just like it fell then. This is due to long term resistance being built up as the attempt to rally back to $40K after the drop failed. Get ready. You do not want to be selling this rally and if it dips here it should be viewed as a buying opportunity.
Jump to: