Topic: Bitcoin is ready for $40k - page 8. (Read 1380 times)
I noticed it early this year when the price of BTC increase from $17k to $30k few months ago, that made many people to believe that the price of BTC will reach $40k before the end of this year .Many researchers confirmed it that this year will not be like last year that made many people to lose their profits because of the low market price that was occur through out the year. But the opportunity to buy BTC is still there for those that want to buy because the price of BTC has decreased to $25k to allow others people to get ready for the massive bull that is about to hit the market soon. I guess many holders are very ready to release their BTC for sale when the price move to $40 this year because that is some holder target in this season.
Bitcoin broke into the support area during the binance news. And even after coinbase news it still managed to hold the low. So it basically stopped out all the leveraged longs and reversed.
The fact that it completely engulfed the previous breakdown candle is very bullish. I think we will break the yearly high soon and make our way to the $35ks.
$ 35K is a fairly logical level at the annual number, but it is not impossible that Bitcoin can reach $ 40K after touching $ 35K a month before the end of the year.The fact that it completely engulfed the previous breakdown candle is very bullish. I think we will break the yearly high soon and make our way to the $35ks.
This is quite pleasant to listen and be proud of, that is indeed when there are FUD in 2 centralized exchangers that are fairly large, Bitcoin despite finding dumps some time but he returns to the price of $ 26K and makes it a pretty strong price support, of course if the narrative or bad speculation about The two exchanger can be terrible but it does not seem to give breakdown and only briefly affects Bitcoin, and back again, it looks like Bitcoin is even very thirsty for the Bull Market.
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Of course, bitcoin is not going to get $40k for its price soon, but $40k is expected to hit this year. There is huge potential waiting for bitcoin investors ahead of the 2024 halving, so I guess you just have to be prepared with all the opportunities that exist.[snip]
$40k is a reasonable estimate although I still have my doubts it will happen this year.
Our patience is still very strong to wait for the bitcoin price to reach the initial target before arriving at a new All Time High (ATH).
and yes, There is no other word than patience in the sense of holding on and holding on as hard as possible by taking advantage of moments like this to increase the amount of volume.
Yes this is a good indicator, but going to 40k usd might take atleast some more time. Bitcoins are still struggling in this price range to be honest. If it anyhow tries to push up and come out of this 30k range, then definitely touching 40k will be easy. But I am not hoping for any miracle any soon. This will take atleast a month. I am hoping in the first week of August, we might see a great positive increment in the price of the coin. Till that let’s accumulate as many Bitcoins as we can and increase the demand of Bitcoins in the market.
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If bitcoin drops to $20k, that's a pretty low price, and I don't think that's going to happen. What's happening with binance.us and coinbase isn't too serious, what the SEC wants is money, and they want us to play by the rules they set.
So much is happening around binance and coinbase now which is only about the fight to pull bitcoin down through the different regulations. Binance is somewhat facing jurisdictional restrictions like in Canada. News has a way of discouraging investors and that is enough to push price down.If bitcoin drops to $20k, that's a pretty low price, and I don't think that's going to happen. What's happening with binance.us and coinbase isn't too serious, what the SEC wants is money, and they want us to play by the rules they set.
But they have no intention or will to crash this market, so we don't need to worry too much. I still believe bitcoin will not be able to break $25k with this news, although I am not worried and would even be happy if bitcoin drops to $20k as I will have more time to buy.
Generally investors like to stay away in trouble waters. So you may not consider it as a challenge but many new hands don't want to lose anything from when they invested. Oh... you will be happy if price goes down to $20k right ? Anyway, nothing is impossible with history prior to halving year
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.
It is true that the price of bitcoin is continuously decreasing although it gave a good pump in the middle but it is not sustaining anymore. As the expected the opposite happened in the market. Moreover, more bad news about Binance US further affected the market. Things may get worse ahead so I would say that Bitcoin is not quite ready to go to 40k yet.
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.
If no negative news emerges, there is still a possibility that the Bitcoin price will head towards the $28K - $29K range first. In its development, Bitcoin can gradually move towards the range of $40k. However, it should be noted that crypto price movements are highly dynamic and can be influenced by many factors, therefore, these projections may change over time. It is important to stay abreast of market developments and the latest news.
Looking at the charts and how Bitcoin has been moving, we have a resistance to break at $28,100 and after that resistance been broken, we have another to be broken at $30,000 and that has been Bitcoin biggest challenge so far. It has only tested that price one time this year.
It reached $30,000 since march this year and even since then Bitcoin hasn't been able to trade above $30,000 again. The recent price dumping was because of the SEC sueing Binance US and Coinbase. This event would be an obstacle to the price increasing this month.
The case might be dismissed or the case will continue until both exchange can be proven to be innocent. Traders are watching the investigation to see the direction the case will be heading and this will make them not to invest making $40,000 look doubtful .
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.
Your post is enthusiastic, although it did not mention the period. Will it be a week, a month, a year or more? We are ready. What do you mean?I am speculating that we are about to head to the $40k Range.
I hope to not to see 40K for this year, it gives false confidence to users that the way now is good to reach break old ATH and more 70k will happen soon, which is not true.We will have a long-term barrier at 35k, and it will not be broken easily, so the road to 40k needs to break 3 resistance levels, which will not happen within 2 to 4 months.
All I want now is a long period of stability below 30,000.
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.
Yes very few people will expect that bitcoin will increase in price now that two major exchanges are being under litigation by sec. It is expected that panic will further force price down than it will go up. The dropping is going to gradually happen maybe until it dropped to a major support like $20,000 before DCA investors and other random investors starts coming in again after building confidence. I think $20k / $21k is a major support for now.
If bitcoin drops to $20k, that's a pretty low price, and I don't think that's going to happen. What's happening with binance.us and coinbase isn't too serious, what the SEC wants is money, and they want us to play by the rules they set. But they have no intention or will to crash this market, so we don't need to worry too much. I still believe bitcoin will not be able to break $25k with this news, although I am not worried and would even be happy if bitcoin drops to $20k as I will have more time to buy.
Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.
Don't worry because the price increase will take time and a long process. There is some strong resistance right now which is expected to be penetrated and I believe it will never be easy. The market is still being hit by negative issues due to the Binance and SEC dispute, but I believe the market will recover slowly and will come back strong afterwards.if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.
Now just do what you have to do like prepare yourself and adjust to the risks you have to face. The bitcoin price may improve soon and it will be more convincing ahead of the halving. I expect $40k to be achievable over the rest of the year, so of course accumulating it now is the best solution.
Nevertheless, it's not impossible to reach $40k price before this year end or even higher, we just need to wait and have more patience. Thus, don't be discourage if the price is not moving the way you expect it to be. if you're a long term hodler, then don't mind the current price and continue to hold.
Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.
Don't worry because the price increase will take time and a long process. There is some strong resistance right now which is expected to be penetrated and I believe it will never be easy. The market is still being hit by negative issues due to the Binance and SEC dispute, but I believe the market will recover slowly and will come back strong afterwards.if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.
Now just do what you have to do like prepare yourself and adjust to the risks you have to face. The bitcoin price may improve soon and it will be more convincing ahead of the halving. I expect $40k to be achievable over the rest of the year, so of course accumulating it now is the best solution.
The good thing is that even if we have a FUD around or the Binance case, the market never stop to grows based on the charts. So who knows, maybe short term at least $40k is viable or at least in the end of this year.
Yep, the market may not stop growing although there is bad news on Binance. However, we can't deny that the current drop is probably the impact of Binance case, too. If there is no bad news on Binance, Bitcoin price may be above $30k already. So, no doubt the price will continue to grow as long as there is an upcoming halving, but the red market may last a longer time if there are more FUDs like Binance case. I'm worried there are many holders panic if the red market stays longer time.Yes, $40k is very possible to achieve in Q3-Q4 if Bitcoin price can pass $30k again this month. Let's see whether the price drops again or try to increase gradually.
I'd still think that there is another dump before it goes straight high. I believe that $40k is possible this year ( probably reachable in the 4th quarter) but as I said, it never goes straight, correction will still exist. That is why we still need to be patient, everything went so well and we're still able the market to turn bullish when halving comes. But for now, in a few months coming we probably seeing the price of Bitcoin still below $30k.
Well, might be right or wrong, nobody knows exactly but charts would tell something what will happen next.
I agree with you because as of now we are very far from the reality of a 40k Bitcoin price in this quarter of the year and at the same time, it may be hard to see any possible breakout in price and at that, the current resistant level will hold for a while and if Bitcoin price makes any big attempt to cross over then it going to limit around $30,000 for a while and possibly stop at 31k-32k till the end of this quarter. Well, might be right or wrong, nobody knows exactly but charts would tell something what will happen next.
But since Bitcoin is full of unpredictability, there. Is nothing thpossible in that process and we may end up seeing that price even as the chances are slim.
I know that the market is usually not very accurate, judging by predictions and some analysis by market experts. I also know that the market can be very dynamic and can get influenced by some economic news that can just trigger the price to see a big uptrend 📈. At the moment, I don't think Bitcoin would still get to $40k this month or next; although it's just my speculation, anything could be possible. If truly it's heading for $40k, that's a Big chance for short term investors to see some profit in their portfolio.
I do not see bitcoin going towards 40k so soon, if anything I think a drop makes the most sense when I take everything I am seeing into account, still the price of bitcoin is so unpredictable that I have been wrong so many times before that it would not surprise me that I was wrong on this instance as well, it is just that such a massive moment when we are so far away from the having does not make much sense to me no matter how much I look at the charts.if we go back in time, something like going back to the year 2016, we had many analysts who made price predictions that bitcoin would reach 10,000$, at that time, as the price was still at 3000$, people would laugh at this type of price predictions, there was a analyst in particular who was very supportive of the possibility of the price reaching $10,000, his name is tom lee if my memory serves me right, I myself was one of the people who found this price forecast to be very absurd, then the price reached $10,000 and people started celebrating and praising him, it turns out that he made a prediction again that the price would reach 25000$
and it didn't take many months and the price reached 20,000$ and it dropped a lot to the point of touching 3000$ and as a result people no longer believed in the prediction of 25000$ but he insisted that the price would reach 25000$ and then he said that would reach 40,000$ and they found it even more absurd because if it didn't reach 25,000$, then 40,000$, then the guy disappeared, he simply stopped making predictions, but the price reached 25,000$, then 40,000$ so my point is that you shouldn't being afraid to make your prediction is not something guaranteed, you are simply trying to predict just like we all are doing
I'm still optimistic that the end of the year the price will rise because at the beginning of 2024 there will be a halving day which will increase demand, the price of $ 40k will be easy to achieve because I think the current price position of around $ 26k is a good start, if in June it can reach $ 30k again then I believe the $40k price will be reached before october.
if the bullrun is coming then indeed that could be achieved, but the current circumstance though, so many fuds going on, I worried that if things escalated to the worst scenario.the impact would be long lasting ones, right now the lawsuit to the big exchange like binance and many others are definitely the things that gonna affect the course of the market.
if these big exchange companies were to forcefully close down their company or anything similar to that then it will be massive.
the market will definitely not gonna left out unscathed at the very least, long lasting bearish is gonna be appearing once again.
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still the price of bitcoin is so unpredictable that I have been wrong so many times before that it would not surprise me that I was wrong on this instance as well, it is just that such a massive moment when we are so far away from the having does not make much sense to me no matter how much I look at the charts.
Well, it doesn't matter how many times you are wrong; some market experts have also made predictions about Bitcoin price movement in the past that turned out to be the opposite of what the market looked like. Some predictions have also been close to being accurate but not so accurate. So, in the market predictions, when experters look at the candle that has formed and also compare it to past candles that have formed, they will make a comparison and make some assumption that if the price goes below or above the resistance level, we should expect a certain amount. Sometimes those assumptions just happen that way because the price can either go below or above that. Like I said in my first comment, I don't think $40k will be so soon, like this month, but you should also be aware that in the crypto space, a price spike can happen anytime and the unexpected price will just be reached immediately.
Cheers 🥂, Dr.Bitcoin_Strange 👺👺
I'd still think that there is another dump before it goes straight high. I believe that $40k is possible this year ( probably reachable in the 4th quarter) but as I said, it never goes straight, correction will still exist. That is why we still need to be patient, everything went so well and we're still able the market to turn bullish when halving comes. But for now, in a few months coming we probably seeing the price of Bitcoin still below $30k.
Well, might be right or wrong, nobody knows exactly but charts would tell something what will happen next.
Well, might be right or wrong, nobody knows exactly but charts would tell something what will happen next.
Bitcoin can reach a price of $40k but it is not certain when this will happen although there are some people who make speculations by comparing the gaps seen.
Maybe some of us who are active here have said that the price of $40k will not occur in the near future because there are one or two factors that are happening that are causing the market price to decline.
News like Binance and SEC being around right now could be one of the reasons people are unsure if Bitcoin will ever reach that price.
For long-term holders, the issue of the current price is of little concern because the target set has not yet arrived.
Maybe some of us who are active here have said that the price of $40k will not occur in the near future because there are one or two factors that are happening that are causing the market price to decline.
News like Binance and SEC being around right now could be one of the reasons people are unsure if Bitcoin will ever reach that price.
For long-term holders, the issue of the current price is of little concern because the target set has not yet arrived.
Of course, bitcoin is not going to get $40k for its price soon, but $40k is expected to hit this year. There is huge potential waiting for bitcoin investors ahead of the 2024 halving, so I guess you just have to be prepared with all the opportunities that exist.
Many analysts say that the bitcoin price will soon find its new resistance regardless of the Binance and SEC cases. That's no reason why bitcoin should fail to break resistance, so I hope you have some patience before $40k hits. It doesn't matter if the $40k doesn't hit this year, but at least there's hope waiting for some of the resistance to be broken.
Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.
Bitcoin can reach a price of $40k but it is not certain when this will happen although there are some people who make speculations by comparing the gaps seen.if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.
Maybe some of us who are active here have said that the price of $40k will not occur in the near future because there are one or two factors that are happening that are causing the market price to decline.
News like Binance and SEC being around right now could be one of the reasons people are unsure if Bitcoin will ever reach that price.
For long-term holders, the issue of the current price is of little concern because the target set has not yet arrived.
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