Before to go to 40k dollars you should try to stay first at 30k dollars, that it is the most important thing. And I think that we're too early at the moment, some other months is necessary to reach that price, I think within the
end of the year, maybe. Think also about market moment, there are some troubles with Coinbase, Binance and SEC, and this doesn't help market.
Topic: Bitcoin is ready for $40k - page 9. (Read 1311 times)
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.
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.
Isn't it obvious though that it will be the first line of resistance that we need to break? Although we have broken $30k already, but that run was not sustainable for us as the price goes down hard, many selling to make a profit specially those who bought at the bottom at $15k and probably waiting again to re-invest when the price goes to at least $20k (but we don't know if the price can go that low again, unless if there is a black swan event.)
Regarding $40k, market sentiments is not that good specially with the whole negative news that Binance and Coinbase is getting. SEC filing cases against this two crypto exchange might have a big effect on the price, so short term, I doubt that $40k can be breach then.
Judging from the history of the Bitcoin chart, it is likely that the price of $ 40k to $ 50k will be reached this year, and 2024 Bullish will begin,
and it is possible to start after a correction, because the chart is very similar to 2019-2020 where the year Bitcoin volatility was very large,
so 2023 -2024 will be very high in volatility, of course we have to be really prepared and not be greedy when trading.
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.
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.
Indeed, but I think it would go with another correction before such thing happen and that is probably around $23k or less. If we would base in chart, the graph shows bullish pattern still and cme gaps are still not field under the current price and as we all know, its price will be needing to fill it first before having a continuous increase.
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.
Also with issues as you've mentioned. Well, supposedly iy should not have a direct effect towards crypto market prices 'coz those are only issues which are being sued towards those exchanges. It happened that such news triggered panic to some investors, resulting to a slight dump yesterday. I also agree with the said support. It is still too early I guess but we'd be on our way for sure.
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.
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.
I was thinking about when I can buy bitcoins again after yesterday's drop since I have managed to buy them again. Bitcoin will break $30k again, go to $40k, and go up very high. And even though I don't know when that will happen, I'm still willing to wait like everyone else because I believe Bitcoin will go up in time.
And even though we briefly saw the price drop to $25k, that's okay because it's now back at $26k. Currently, we are still allowed to accumulate even more bitcoins because the price has not gone up, so we have to use them by buying more.
Investors have also used yesterday's dips to buy Bitcoin. And for now, we should be patient and wait because maybe the time is just around the corner to see Bitcoin get a long rally.
And even though we briefly saw the price drop to $25k, that's okay because it's now back at $26k. Currently, we are still allowed to accumulate even more bitcoins because the price has not gone up, so we have to use them by buying more.
Investors have also used yesterday's dips to buy Bitcoin. And for now, we should be patient and wait because maybe the time is just around the corner to see Bitcoin get a long rally.
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.
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.
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.
Fibonacci for me is not that reliable to have only it determine the level of price because you can draw it to suite the candle you are targeting. If you are looking at the weekly time frame then this week should close for you to be able to predict on it using the last and closing candle. The current candle buying at $27k though looking bullish may have a divergent and end on bearish below $27k and around $26k which may signify a bear trend. So the candle has to close for you to redraw another Fibonacci which is always biase and subjective.
I don't understand why investors who are nervous about the news are selling Bitcoin. Bitcoin is independent of exchanges. Binance was sued today and another exchange could be sued tomorrow. This shouldn't affect Bitcoin.
Weak hands are not the whales, so they will run away because they don't want to have a little drop in the value of their coins. They only cause a little fear because they are not major hodlers.
-snip-
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.
Price discussions are always interesting and most actively discussed. Various speculations were born after looking at the price charts on the market.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.
Especially at this time, it's still not convincing or not ready to go to $ 40K in the near future because the market situation is still shy to move with various issues that arise one after another.
Before Bitcoin goes to the price of $40k, it needs careful preparation that we must prepare because rising and falling prices will not wait for our readiness and the rise of Bitcoin to a price of $40k will not tell us.
Some hope that Bitcoin can survive at the current price because they are trying to accumulate or increase the volume of Bitcoin in the portfolio.
I myself just enjoy whatever is going on.
Bitcoin Price Will Reach 40K This is true because currently Bitcoin price is heading towards cold weather. According to experts, many believe that the price of Bitcoin will increase by the end of 2023.
But currently the price of Bitcoin is going to be a bit volatile. And there is the 2024 halving which is a plus point for Bitcoin price growth. But very soon the price of Bitcoin will increase and it will take a long time to wait.
But currently the price of Bitcoin is going to be a bit volatile. And there is the 2024 halving which is a plus point for Bitcoin price growth. But very soon the price of Bitcoin will increase and it will take a long time to wait.
As usually, as soon as Bitcoin shows any signs of recovery (after a SEC vs Binance case price drop), people already start to talk about reaching far milestones. What indicates that Bitcoin price will grow? I dont see any major improvements on the horizon. Halving wont necessary change Bitcoins price into positive direction. Also how can someone understand your last sentence? You write "soon" and "will take long time to wait" in one sentence. How can this be ? Anyway, dont get trapped by false market price change.
Bitcoin Price Will Reach 40K This is true because currently Bitcoin price is heading towards cold weather. According to experts, many believe that the price of Bitcoin will increase by the end of 2023.
But currently the price of Bitcoin is going to be a bit volatile. And there is the 2024 halving which is a plus point for Bitcoin price growth. But very soon the price of Bitcoin will increase and it will take a long time to wait.
But currently the price of Bitcoin is going to be a bit volatile. And there is the 2024 halving which is a plus point for Bitcoin price growth. But very soon the price of Bitcoin will increase and it will take a long time to wait.
Judging with currently available data at hand and bitcoin market chart analysis, we are still very far away from 40k this is so because bitcoin has not built the needed resistance liquidity that will help if the price to move to that speculated amount and what is most expected right now is how bitcoin could build a resistance value that can provide the market flow needed.
The current situation is a lot of fud circulating on social media and maybe the first is sec accusations against binance and coinbase which made the market situation in the past two days continued to turn red which resulted in a decrease in btc prices. To reach $40k in the near future I think it will be achieved if in this case binance is able to ward off all accusations from SEC in court later because this will increase the confidence of investors to invest in bitcoin.Apart from that I think the chart provided by the Op is quite impressive where we just need strong market support to form a resistance point which must be broken before we see btc at $40k.
Look at the lawsuit between the SEC and XRP that has been going on for years with no end. Therefore, it is not feasible to rely on the results of this new lawsuit to assess the market situation, even though this information has dragged the market down in the past 2 days.
It can be said that OP has the opposite view of everyone, as everyone is more worried than ever when negative news hits the market.
Personally, I have no predictions for the market, in this case, anything is possible. The best thing I'm doing is preparing for the worst that could happen.
Many thinks Bitcoin broke the support zone but remember it hasn't retested. It will need to retest that zone several times and will only move to the bull direction when the price stays above the support zone regardless of how many times it retested. But since there is a pin bar formed at the support zone which is almost similar to a hammer DCA at that support zone will be a wiser investment strategy.
Halving is less than a year away. So now is a very good opportunity to buy cheap bitcoin. It doesn't matter if the support is broken and the price goes down. The main thing is to have the money to buy bitcoin at a low price and to have patience. In a few years there will be no more prices like that. History repeats itself regularly. Many people will wish they had bought now. 
It is hard to know the logic behind bitcoin price, when witness $30,500 to about $31k I was thinking it has break out to forward hit $35k and above, i never knew that we are going to see even $25k. So moving from $26k+ to 40k within this month of June is of something couldn't rely on, I know everything is possible in cryptocurrency but the margin is much all the way from $26k to $40k.
Many thinks Bitcoin broke the support zone but remember it hasn't retested. It will need to retest that zone several times and will only move to the bull direction when the price stays above the support zone regardless of how many times it retested. But since there is a pin bar formed at the support zone which is almost similar to a hammer DCA at that support zone will be a wiser investment strategy.
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.
Yes of course, getting ready for $40K but the question is when. Considering that it is a 50% return from the current level I don't think we will get there this month, as I see no reason for a parabolic rise like the ones that occur in bull markets. On a more sustained basis I would expect us to reach $50K in the coming months, as well as $50K, because if a pattern similar to previous cycles is repeated, the pre-halving year should see such a rise, followed by a subsequent fall, to enter the bull run proper after the halving.
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.
I really pray for positive news to come up because I still ask myself if the price will rise to 30k+ plus some day. Seeing how it doesn't leave $25-$28k+ makes me feel that it won't come to $40k or even $45k, because I'm expecting it to be @ $60k some day. For almost 3weeks now have been seeing same figure and my question is when will it go up and stay up for a longer period of time?
Thought it was suppose to be on a higher side (I mean the price of Bitcoin) this year or are we not in that month yet?
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