Bitcoin is ready for $40k - page 6. | Bitcointalksearch.org

CarnagexD

sr. member

Activity: 1498

Merit: 374

Leading Crypto Sports Betting & Casino Platform

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

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.

One rule in trading is to not try to guess the top and bottom. That also means that if it is going into $40k range, then that will be obvious. Your goal is to earn money and not to be right. So instead of asking whether if the price would head to your presumed range better ask as to how are you going to participate and take profit when price is now moving towards $40k. If you understand this, this will be a game-changer for your trading.

peter0425

sr. member

Activity: 2618

Merit: 439

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

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.

Cannot wait to see this coming , have to admit that I am in need and that 40k is my last hope of withdrawal Grin

but if not maybe I will wait till at least end of 2025 for the total effect of halving that will surely generate us all a good return.

Quote from: 19Nov16 on June 08, 2023, 11:35:21 PM

These days the price continues to decline and according to the predictions of many experts because many of the big altcoins that enter the top 10 are under pressure, but we have to be optimistic that $ 40k is an easy price to reach, I believe 3 or 4 months before the halving the price will reach $ 40k soon and now a good time to keep buying before it gets more expensive.

actually we are lucky that only declining is taking part and there is no complete dumping , though we experience a small fall recently downing to 25k at least recovered back to 26-27k till now .

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Madu$11 on June 18, 2023, 12:05:27 PM

Of course bitcoin will go above 40k but not in 2023
Bitcoin is expected to hit 40k next year that means 2024.
The way I am seeing the whole scenario of the bitcoin price heading at $40k will be around August. For this month and next month, bitcoin won't go above $35k. Anything that would make it go above the speculated price will be good news.

It would also be nice if Bitcoin doesn't go over $40K right away within the year as that would also be a pretty good opportunity for those who are still looking to buy Bitcoin within this year or before we head into the next year. After all, a lot of people would be happy if Bitcoin could go over $30K in the year even if it doesn't go over $35K because that's still good enough for those who have bought at $25K in the month. So enjoy the market flow and slow price movement, even if it's just a modest profit.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Falconer on June 18, 2023, 02:53:45 PM

Quote from: Rabata on June 18, 2023, 12:46:07 PM

The allegation against Binance has no relation with Bitcoin. The SEC complaint may have a temporary price impact but it will not last long and hopefully we will see that bullish trend in Bitcoin again in the next few months. The market is up a bit so far but $40k is not expected right now. But there is a chance bull run that could pump a big one. Since Bitcoin has been bearish for a long time, we can expect Bitcoin to be bullish later this year or early next year.

Even though there is a possibility to be bullish, don't ignore other possibilities of correction. Indeed I hope we will be bullish in the coming months ahead of the halving, but I think there will still be FUD which might have an impact on selling interest which is high compared to demand. The price recovery is happening gradually, but I still think the $24k - $27k sideway will last until the end of June.

This is why it would be better that you shouldnt really be anticipating or expecting that much because we know that this market is really that truly unpredictable. Indicators and analysis might show some signs of

increasing price or being bullish state but doesnt mean that it would really be happening because there's no way that there's someone would be able to know on what would happen in the market.
We can assume yes, but doesnt mean that it would be a sure thing to happen. This is why whenever you do make out some positioning then you should always mind off about the tendency
or chances that it would really be going into the opposite path of things. We cant really be able to tell exactly on how this market would be ending up.

GeorgeJohn

hero member

Activity: 1666

Merit: 723

Enjoy 500% bonus + 70 FS

Quote from: Madu$11 on June 18, 2023, 12:05:27 PM

Of course bitcoin will go above 40k but not in 2023
Bitcoin is expected to hit 40k next year that means 2024.
The way I am seeing the whole scenario of the bitcoin price heading at $40k will be around August. For this month and next month, bitcoin won't go above $35k. Anything that would make it go above the speculated price will be good news.

What you need to know is that Bitcoin price is not constant, we do assume the price of Bitcoin which I know quite well that the price can change at any point in time

Falconer

legendary

Activity: 2660

Merit: 1141

Quote from: Rabata on June 18, 2023, 12:46:07 PM

The allegation against Binance has no relation with Bitcoin. The SEC complaint may have a temporary price impact but it will not last long and hopefully we will see that bullish trend in Bitcoin again in the next few months. The market is up a bit so far but $40k is not expected right now. But there is a chance bull run that could pump a big one. Since Bitcoin has been bearish for a long time, we can expect Bitcoin to be bullish later this year or early next year.

Even though there is a possibility to be bullish, don't ignore other possibilities of correction. Indeed I hope we will be bullish in the coming months ahead of the halving, but I think there will still be FUD which might have an impact on selling interest which is high compared to demand. The price recovery is happening gradually, but I still think the $24k - $27k sideway will last until the end of June.

Rabata

sr. member

Activity: 980

Merit: 311

Quote from: goaldigger on June 17, 2023, 04:56:32 PM

Quote from: Ngemmeng on June 14, 2023, 05:53:12 PM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

This is just a temporary issue and the issue is not about Bitcoin anyway, and SEC is not restricting the whole cryptomarket, the issues are about the CEX. Halving will still affect the price of Bitcoin and despite of the FUD, I’m sure BTC will still prevail. For now, we might not see that $40k level, but I’m very bullish for next year and that could be the best year again for Bitcoin, so be patient and buy more BTC.

The allegation against Binance has no relation with Bitcoin. The SEC complaint may have a temporary price impact but it will not last long and hopefully we will see that bullish trend in Bitcoin again in the next few months. The market is up a bit so far but $40k is not expected right now. But there is a chance bull run that could pump a big one. Since Bitcoin has been bearish for a long time, we can expect Bitcoin to be bullish later this year or early next year.

Madu$11

jr. member

Activity: 234

Merit: 4

Pepemo.vip

Of course bitcoin will go above 40k but not in 2023
Bitcoin is expected to hit 40k next year that means 2024.
The way I am seeing the whole scenario of the bitcoin price heading at $40k will be around August. For this month and next month, bitcoin won't go above $35k. Anything that would make it go above the speculated price will be good news.

BenCodie

legendary

Activity: 1708

Merit: 1048

Bearish opinion:
Head and shoulders are forming on the weekly chart you posted.
A dump down to 20k, with fluctuation between 20k-27k over the coming weeks to create the next shoulder follows.
An "unexpected" economic meltdown causes Bitcoin and other asset classes to sharply fall in value to complete the head and shoulder drop, creating new lows over 9-12k.
Quick recovery with a 2020-like bull run from EOY/Q1 2024 until end 2025.

It seems too easy for Bitcoin to grow from here...something must be in store for another drop.

bitzizzix

sr. member

Activity: 2590

Merit: 452

Enjoy 500% bonus + 70 FS

Quote from: Iranus on June 17, 2023, 10:38:24 PM

Quote from: goaldigger on June 17, 2023, 04:56:32 PM

Quote from: Ngemmeng on June 14, 2023, 05:53:12 PM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

This is just a temporary issue and the issue is not about Bitcoin anyway, and SEC is not restricting the whole cryptomarket, the issues are about the CEX. Halving will still affect the price of Bitcoin and despite of the FUD, I’m sure BTC will still prevail. For now, we might not see that $40k level, but I’m very bullish for next year and that could be the best year again for Bitcoin, so be patient and buy more BTC.

This is not a direct SEC issue with bitcoin, but it is undeniable that bitcoin has also been affected by the lawsuits surrounding the SEC and CEXs.
In the short term, Fuds will have a significant impact on bitcoin, and it will hinder the growth of bitcoin, whether it is directly or indirectly related to bitcoin. But in the long run, Fuds can't last, things will soon get boring even if it doesn't have a final result yet. So if someone has long term goals, Fuds will not only not affect them but also be a good opportunity to buy bitcoin cheaply.

What affects the decline in the price of bitcoin is not due to one or several factors but many factors that can influence it, and this is what causes the price of bitcoin to be unpredictable.
and FUD always exists from time to time and this is inseparable from bitcoin and also other crypto and this is also what causes many investors especially beginners to panic and make mistakes and sell with small losses or profits but over time they will learn everything and it will not longer affect them because of experience. And also realizing that the long term is best and to get through it all, they will even take advantage of the accumulation if the moment comes again and then hold it for the long term.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: goaldigger on June 17, 2023, 04:56:32 PM

Quote from: Ngemmeng on June 14, 2023, 05:53:12 PM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

This is just a temporary issue and the issue is not about Bitcoin anyway, and SEC is not restricting the whole cryptomarket, the issues are about the CEX. Halving will still affect the price of Bitcoin and despite of the FUD, I’m sure BTC will still prevail. For now, we might not see that $40k level, but I’m very bullish for next year and that could be the best year again for Bitcoin, so be patient and buy more BTC.

This is not a direct SEC issue with bitcoin, but it is undeniable that bitcoin has also been affected by the lawsuits surrounding the SEC and CEXs.
In the short term, Fuds will have a significant impact on bitcoin, and it will hinder the growth of bitcoin, whether it is directly or indirectly related to bitcoin. But in the long run, Fuds can't last, things will soon get boring even if it doesn't have a final result yet. So if someone has long term goals, Fuds will not only not affect them but also be a good opportunity to buy bitcoin cheaply.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: Ngemmeng on June 14, 2023, 05:53:12 PM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

This is just a temporary issue and the issue is not about Bitcoin anyway, and SEC is not restricting the whole cryptomarket, the issues are about the CEX. Halving will still affect the price of Bitcoin and despite of the FUD, I’m sure BTC will still prevail. For now, we might not see that $40k level, but I’m very bullish for next year and that could be the best year again for Bitcoin, so be patient and buy more BTC.

STT

legendary

Activity: 4102

Merit: 1454

Not yet not today or this week even. What I expect is a series of measures but altered and broken almost before we can alter course properly. BTC is so erratic it can seem to be more positive (also negative) then it actually is, what we really want is consistency, multiple perspectives.
So far the downtrend is intact but its not a large one and I think we'll eventually turn around. Top of the range, might challenge or can just repeat.

I would normally snip the chart but people like full context, this trend is fairly short term just months. It can be beaten but hasnt yet.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: IvugeoEvolutionCoin on June 14, 2023, 07:24:06 PM

Quote from: Ngemmeng on June 14, 2023, 05:53:12 PM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

Bitcoin market is not going above 30$k. But hopefully by the end of this year maybe we will see Bitcoin touch 40$k. But now we have to see if SEC will solve it then Bitcoin price will start to increase again. Now Bitcoin Its market is on hold for the SEC. However, it is expected that the Bitcoin market will start to grow very quickly.

We have hit $30k before, it even goes up to $31k, it's that there is no momentum or everyone is just waiting for that price and then sell some of their stash. So after the sell-off we've seen the pattern emerges, and it is sideways now.

And even with the whole Binance fiasco, the price is not that really affected as we continue to do sideways pattern. However, in the long term, I do see the price hitting above $30k. We will just have to give it sometime to grow and let everything settles down and hope that there will be no negative news in the last quarter of the year.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Ngemmeng on June 14, 2023, 05:53:12 PM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

How did you know that it was only an issue? If you often read the news on several trusted websites about SEC turmoil, I'm sure you won't say this is an issue, especially if you say it's temporary. You need to know that the SEC is investigating a large exchange with various claims and accusations so exchanges like Binance certainly cannot remain silent because this problem needs to be resolved by themselves for the sake of their good name and to restore the trust of many people to Binance.

Quote from: IvugeoEvolutionCoin on June 14, 2023, 07:24:06 PM

Bitcoin market is not going above 30$k. But hopefully by the end of this year maybe we will see Bitcoin touch 40$k. But now we have to see if SEC will solve it then Bitcoin price will start to increase again. Now Bitcoin Its market is on hold for the SEC. However, it is expected that the Bitcoin market will start to grow very quickly.

The reason for the difficulty of increasing lately is indeed related to the SEC, but what you need to understand is that the SEC has never held Bitcoin prices in the market even though the increase seems to be on hold because there are many parties who are securing their assets by not making new purchases on Bitcoin. And even some of them have also exchanged Bitcoin for other assets that are more stable, even if it's only for a while or before the problem from the SEC is over.

IvugeoEvolutionCoin

sr. member

Activity: 952

Merit: 267

Vave.com - Crypto Casino

Quote from: Ngemmeng on June 14, 2023, 05:53:12 PM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

Bitcoin market is not going above 30$k. But hopefully by the end of this year maybe we will see Bitcoin touch 40$k. But now we have to see if SEC will solve it then Bitcoin price will start to increase again. Now Bitcoin Its market is on hold for the SEC. However, it is expected that the Bitcoin market will start to grow very quickly.

Ngemmeng

full member

Activity: 1134

Merit: 100

SOL.BIOKRIPT.COM

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier Cry

With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: OgNasty on June 14, 2023, 11:57:53 AM

I would agree that Bitcoin is nearing the next leg up. I think a little bit of concern around the mtgox situation still remains, but once that is behind us I think we'll end the year in the $40K range. The real fireworks will begin at the end of next year though. I think if you're holding Bitcoin here, you have to commit to holding until the 2025 top plays out just to see what you could get if the market does repeat itself again for the 4th time. I have my concerns whether the Bitcoin economy can survive another massive price increase, but I do suspect we'll get our answer shortly after the next Presidential election in the US.

Yes, we are still being haunt by Mt. Gox up to this time.

But I'm thinking if ever we get to touch $40,000 this year, it could be the start of a bullish flag leading to to next year's block halving. So this is definitely a good price to see as again, it might be a bullish pattern is slowly emerging. But there are a lot of obstacles right now, in if you are talking about the US elections, not sure though, it seems that the Democrats attack on crypto might be their own wrongdoing, IMHO.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: OgNasty on June 14, 2023, 11:57:53 AM

I would agree that Bitcoin is nearing the next leg up. I think a little bit of concern around the mtgox situation still remains, but once that is behind us I think we'll end the year in the $40K range. The real fireworks will begin at the end of next year though. I think if you're holding Bitcoin here, you have to commit to holding until the 2025 top plays out just to see what you could get if the market does repeat itself again for the 4th time. I have my concerns whether the Bitcoin economy can survive another massive price increase, but I do suspect we'll get our answer shortly after the next Presidential election in the US.

The Mtgox situation has certainly not gone unnoticed by investors at this time, but investors can still consider the DCA strategy. We must prepare this plan well because the FUD regarding Mtgox will not be much bigger than the potential that can be generated after the halving. The Mtgox problem has been dragging on without a clear resolution, even the distribution plan is not known for its exact date. Of course there is a risk of a deep correction if Mtgox distribution done this year, but I'm not sure they will do it this year.

bayu7adi

hero member

Activity: 1470

Merit: 558

dont be greedy

Quote from: Chainsmokers on June 14, 2023, 01:58:42 PM

Bitcoin will reach $40k when the time comes! Of course there will be volatility before that happens,
maybe a bear trap will occur before the bulls come,
just like in 2020 when the bitcoin price dumped to the level of $3000-$5000 where a panic sell occurred,
after that the bullrun came great and peaked in 2021 to a new all time high,
I'm sure $40k and a new all time high will come again but it has to take victim first like 2020.

That makes perfect sense. It can occur when whales seek to manipulate the market in order to acquire Bitcoin at a lower price. However, it cannot happen too frequently to avoid compromising Bitcoin's natural characteristics.

This approach is better suited to occur once every few years, but the potential gains obtained are substantial enough to wait for the next wave. The $40k mark is a challenging one, considering the strong resistance at $35k, which acts as a significant barrier to price movements.

If Bitcoin manages to break through the $35k mark, in that particular year, its price will surge once again, reaching $40k or even higher.

Topic: Bitcoin is ready for $40k - page 6. (Read 1387 times)