Bitcoin price is returning to $40K — But will shorts have their revenge?

Renampun

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Quote from: darkangelosme on September 13, 2021, 08:40:07 AM

Sad to say it is true that Bitcoin is playing at 40k USD, i even lose in all my trades Cry

, but im still hoping that market will recover sooner or later, besides i am not really lose in my trades if i will gonna hold my coin and wait for the right time in the market.

if you buy at a high price then just hold your coins so you don't lose...

bitcoin prices are very volatile and it is difficult to predict where bitcoin prices will be in the next 24 hours, so don't sell your coins when your asset value drops from the price you bought, remain confident that the price of bitcoin will rise again.

onecall123

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What happened in the last 1 hour? I expect a retest of the 42k area, then hopefully a bounce off the resistance. Holding the line is essential. In any case, it's good because BTC seems to find it to be reasonable. After expecting another run, a bigger sell off is coming up.

After positive news and a good jump in crypto, then manipulators wanted it back on the same trend line and sold off..

Is this news leading the red? Walmart says crypto payments announcement is fake..

Rajamuda

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Quote from: darkangelosme on September 13, 2021, 08:40:07 AM

Sad to say it is true that Bitcoin is playing at 40k USD, i even lose in all my trades Cry

, but im still hoping that market will recover sooner or later, besides i am not really lose in my trades if i will gonna hold my coin and wait for the right time in the market.

Don't despair mate, keep your commitment, rest assured that everything will recover and your trades should certainly not end here, opportunities are still open, it's just that patience and trust are being tested, this is the risk when it is in a very volatile crypto zone, but everything moves naturally which is often a temporary phase.
Faster or slowly.. of course it will recover and hit 50k and above again.

darkangelosme

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Sad to say it is true that Bitcoin is playing at 40k USD, i even lose in all my trades Cry

, but im still hoping that market will recover sooner or later, besides i am not really lose in my trades if i will gonna hold my coin and wait for the right time in the market.

peter0425

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once again return to 40k Grin

look at the market and how the fall happens again after expecting another run is on the way

https://coinmarketcap.com/currencies/bitcoin/

Quote from: Justin Beiiberr on September 13, 2021, 04:51:02 AM

After a few days yesterday bitcoin fell and the correction might now drop again to the price of 40k USD maybe this will be a tough wait for everyone if it does happen, besides bitcoin doesn't seem to be a safe area for that time .. and it's getting worse. be strong with some bad news yesterday .

Don't you worry mate because we are never get tired of waiting, we have been here for year and waiting is the game if you are investing in top ranked coin like Bitcoin.

Justin Beiiberr

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After a few days yesterday bitcoin fell and the correction might now drop again to the price of 40k USD maybe this will be a tough wait for everyone if it does happen, besides bitcoin doesn't seem to be a safe area for that time .. and it's getting worse. be strong with some bad news yesterday .

LUCKMCFLY

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The price of BTC has been very bullish, less than a week ago they were talking that the price could reach $ 42k, now that it is around $ 45k they are talking that it is likely that it can touch $ 45-$46k again, but as You can see the price I think on a personal level that can reach $50k again, however the short-term analysis of cointelegrpah shows this:

Quote

A break above $51,500 could clear the path for a rally to $60,000.

This bullish move will invalidate in the short term if the price turns down and breaks below the breakout level at $42,451.67

Source: https://cointelegraph.com/news/price-analysis-8-9-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-link

Although it is in the possibilities that it can enter "short" I see with a better probability that the next movements of BTC will be bullish, in the short term it is more optimistic than ever.

hatshepsut93

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I would be cautious about being hyperbullish now, because it seems that this bull run lacks the narrative to support the further gains. In the beginning it all start with institutional FOMO due to their fear of inflation, but now there's no big institutional attention at all, the inflation concerns have lessened when the US announced they will take measures against it, and now the US also seeks to impose more regulations on crypto industry, which is not at all a bullish thing. There is no big narrative behind this bull run, and the last time a bull run lost its narrative we've seen a drop from $64.5k.

LUCKMCFLY

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The risk for the shorts to come is latent, but yesterday many fell into a panic when they saw the price again for $ 37k, many even sold because they thought it would return to the levels of $ 30k, but it should be noted that the bulls waited for the best moment to push the price to $ 40k, I think that for now the price can reach $ 42k, many are waiting, short-term analysis shows the following:

Quote

Large volumes of purchases quickly returned the pair above the average price level, and at the end of the day, the asset price exceeded $40,000.

Source: https://u.today/btc-eth-and-ada-price-analysis-for-august-6

The probability that it reaches $ 42k and exceeds are greater than those of seeing a "Short", maybe this weekend we can see a bullish surprise, maybe $ 45k ...

zanezane

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Quote from: ?? on ??

The price of bitcoin has risen so much that even if the shorts take their revenge, they will not be able to survive in many aspects. That's why traders should invest and hold on to bitcoin they are worrying the bosses by spreading shorts and these false rumors it is not possible to move forward in the crypto market without taking risks. Therefore it is necessary to wait for a long period of time only the time constraint the price will go up again.

It's only a matter of timing for them, corrections happen and they can still make money out of all of this rise in prices plus it's not like the prices are going to be going up forever, that would be a fictional thing but a dream nonetheless for many of us in this forum and even the whole market, it only takes one bad day for market or one bad news for bitcoin for the shorting to be a profitable endeavor.

ipanks

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Quote from: ipanks on August 05, 2021, 06:17:47 AM

Quote from: acener on August 03, 2021, 05:28:27 PM

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

Hopefully, that can happen this week or next week. But it is not easy to predict when the price will increase as we can only speculate the timing without knowing the truth. The price now is at $37k but there is a sign for the price to go down as the price is reduced slowly to the low price. Hopefully, the price will not go below $37k and only stay at the current price.

that sign won't make it go down further, we are currently at the stage of $38k+, and right now it's starting to move in an upward trend again, I just thought it's aiming for $50k in the near term.

I am glad to see the price get the pump to $40,500-$40,600 right now because that means that the bitcoin price will have a chance to break $41,000 soon, which is almost closest to that price. $50,000 will be the next high target price for bitcoin but meanwhile, we can hope that the price can still increase and reach $45,000 because $45,000 will be hard to reach. If there is a good news release and people back to invest in bitcoin, that will surely lift the price and that will not take too long to see the price start increase.

Bustart

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Quote from: ipanks on August 05, 2021, 06:17:47 AM

Quote from: acener on August 03, 2021, 05:28:27 PM

~snip~

that sign won't make it go down further, we are currently at the stage of $38k+, and right now it's starting to move in an upward trend again, I just thought it's aiming for $50k in the near term.

Recently the price goes at $40k as of this time, and those aims you had right now has the possibility of a fulfillment that's going to be most exciting. Nobody can predict what date $50k will have to take place soon, but someday we should be grateful for every efforts we had for two months of waiting. Hopefully not just btc soars, but also following alts will have good season too.

Boov

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Quote from: acener on August 03, 2021, 05:28:27 PM

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

We can't stay on that certain price level mate, fluctuations will always make it crash with minimal percentage. Many positive thoughts now started raging at several discussion, particular with social media topics.
Don't expect price to surpass $40k or beyond, you might be frustrated if it won't happen quickly. Just stay at minimum level of expectations, because its so unpredictable now.

cryptomaniac_xxx

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Quote from: acener on August 03, 2021, 05:28:27 PM

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

It's going to be a hard grind and wild ride for this month. Although it went down again to $38k suddenly in the last 4 hours, but I think we are still good and on track to bounce back again maybe in the next 2 weeks of August. That is just the pattern here, we will go up and then some corrections, and eventually back bounce, even higher than the previous one. Don't you worry, the fundamentals of bitcoin is still strong so I doubt that we will remain in the $40k'ish at the end of the year.

ipanks

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Quote from: acener on August 03, 2021, 05:28:27 PM

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

Hopefully, that can happen this week or next week. But it is not easy to predict when the price will increase as we can only speculate the timing without knowing the truth. The price now is at $37k but there is a sign for the price to go down as the price is reduced slowly to the low price. Hopefully, the price will not go below $37k and only stay at the current price.

acener

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Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

ipanks

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Quote from: Woodie on July 31, 2021, 11:45:19 AM

We are already over $40000 and If price doesn't go for the $45k anytime soon,, we should expect a drop in momentum and price could drop to k38 which is an area that seems to have the bears, we should avoid this because we could go back to $30k.
The bulls are around the $45k area and once price gets there a new ATH for the month is to be expected as price will continue being bullish.

The price now is down to $38k. I wonder this could continue to the lower price or not because the downtrend is coming again.

It seems we need to have more patience to see bitcoin reach $45k as if the bear comes again this time, and we can not do anything except just follow the trend and buy back at a lower price. But in the long-term, I still believe that bitcoin will be back to $40k and even it will break $45k where the supports stay. So we need to prepare for the worst scenario that can happen to bitcoin.

Woodie

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We are already over $40000 and If price doesn't go for the $45k anytime soon,, we should expect a drop in momentum and price could drop to k38 which is an area that seems to have the bears, we should avoid this because we could go back to $30k.
The bulls are around the $45k area and once price gets there a new ATH for the month is to be expected as price will continue being bullish.

Jating

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Quote from: gabbie2010 on July 31, 2021, 06:13:38 AM

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I don't think that the shorters will have their way anytime soon because I feel like they're going to have to wait for awhile because the rumor about Amazon was already cleared but the prices are still able to make some movement so I think that they have to wait for some time.

Any trader trying to short Bitcoin at this point in time is ready to rekt their account, a close observation of the price in the last couples of days indicates a massive bullish trend and some couples of maraboza candles with reference to daily timeframe these are signals that bulls has already taken over the market breaking all the strong resistance, I believe the price is moving to the next minor resistance at $50K the available option now is to long at every minor dip or support zones and accumulate, its obvious that the market sentiment has already changed after we had ensured a bearish season that started since mid May this year.

Yes, they are going to get rekt once the $40k resistance is broken as we are in the half way of maybe another bull run starting August. Well, they have their time shorting bitcoin for at least 2 months and squeezing profits like every other day. But this time the price movement is different and they are going to rethink about their strategy because bulls are coming very hard next month. Next minor resistance is about $43k$45k and then major resistance next is the next whole number which is $50k.

gabbie2010

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Quote from: ?? on ??

I don't think that the shorters will have their way anytime soon because I feel like they're going to have to wait for awhile because the rumor about Amazon was already cleared but the prices are still able to make some movement so I think that they have to wait for some time.

Any trader trying to short Bitcoin at this point in time is ready to rekt their account, a close observation of the price in the last couples of days indicates a massive bullish trend and some couples of maraboza candles with reference to daily timeframe these are signals that bulls has already taken over the market breaking all the strong resistance, I believe the price is moving to the next minor resistance at $50K the available option now is to long at every minor dip or support zones and accumulate, its obvious that the market sentiment has already changed after we had ensured a bearish season that started since mid May this year.

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