Topic: Bitcoin price is returning to $40K — But will shorts have their revenge? (Read 411 times)

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.

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..

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.

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

once again return to 40k 

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

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

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 .

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:


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.

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.

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:


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 ...

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

It is always possible to see price go up and down due to supply and demand. At the moment I think it's still very possible to see higher upside potential once the trend starts to turn positive. $45K is a very likely resistance position to break in August and hopefully this positive trend will last throughout August. The next ATH is a hard thing to achieve if market sentiment continues to influence it. But if the price can break through $45K - $50K then the expectation will appear.

This is the common upbringing that I heard from different discussions, but I don't think everybody could follow that idea of long term holding. Situations won't remain stable, you may find it difficult when fluctuations was very unpredictable. Even if btc returns to $40k, it's not really the big deal as long as it recovers too fast. But if bear market continues to trigger crashes, $38k downwards will still going to happen unexpectedly.

If you have patience, holding will actually work on you. Just think about it like if we buy Bitcoin when it drops $29k and is still able to hold it until today, we already get some profit. But this not actually happening around, more people did the selling before it finally spikes at $41k. But feels no confident that it even move higher reaching back $60k and thinking about buying at today's price wouldn't be a good idea after hearing the fake news in regards to amazon accepting Bitcoin.

The first resistance is the $40,000 price since Bitcoin went sideways at around $30,000-$40,000 price range.
Now that it's already broken, I think that the bulls have in control again .

We are still in the bull market still so I don't know why in the hell investors are taking a huge risk by shorting the market. They thought that it might go down even further?? It might be but it seems like those who shorted the market are in a lost right now because the price of Bitcoin is going upwards.

On the other hand, there is still a chance that it might go back down below the $40,000 price range though since it is now the new support at least for now.

Bitcoin even break 42k earlier but down back to 41k and this is the strongest position since the price drops down to below 20k .

if bitcoin continues climbing and breaks the 45,000 price? then we will be seeing 50k faster from that.
waiting for a long time? lol you have already read same post all over the forum because that is a purely shilling post from a bounty hunter lol.

Here it is. I've been waiting for a post like this for a very long time. In the coming days, the price will test the major resistance and start the bullish breakout. Suddenly, I had a feeling that a bitcoin rocket is about to launch. I'm sorry to the haters, but Bitcoin is gonna pump once again. But, Be careful not to get wrecked.

Of course, the situation of previous years in terms of price will not be repeated. Even if there are some general patterns in the rise and fall of bitcoin and other cryptocurrencies in this market, the time of year and news information are different. Therefore, everything cannot be exactly repeated. Indeed, there should be no longer a long bear market after the last sustained rally in the first half of this year. We see that prices are going up little by little. Now the price of bitcoin is $ 41,928. However, I expect good price growth in the fall.

Yeah its hard to predict but what's good happening right now is bitcoin bouncing back again and the price touch down at almost $42k so I wonder on where is the stop point on this since if we can see $50k or even $60k next month provably this will create a huge break on bitcoin. Although you are right that we can still expect the price to go down but as it shows a good recovery we can still rely that we cannot see a huge bear market season the same on what happen last 2018.

Price is moving up through that resistance zone in the $41,000s now. Would like to see a full on break of resistance and shoot up a couple thousand dollars tonight or tomorrow to put the bottom of this market to bed and end this mini-bear market and get this long term super cycle moving along again.

Bitcoin price movement are something that is very difficult to predict. For most of the time we have seen it go up and down. Being something is unavoidable as bitcoin is traded freely in the market and supply and demand will be the deciding factor. We can still expect the price to down after a big gain and we also expect a new ATH to form after the dump. That's how the market works and sometime we are too rigid to judge that whale like to manipulate the market.

We see bitcoin as one of the most potential cryptocurrencies. There is no doubt that this is an asset that will always be considered for buying whether the price goes up or the price goes down. The next wait is the new ATH and this will be the most awaited thing this year after last April.

Eventually? I mean it is unthinkable to imagine bitcoin will never go down, of course it will go down, what we can't do however is the fact that price will not be going up forever, it is impossible for us to go up and up and up without ever going down.

It means that we should be seeing the shorts getting their revenge one day, the price will drop significantly one day and in that day whoever shorted their position will be making a profit. Will that be anytime soon? I can't know, nobody can know, if we "knew" what will happen then we would be rich, I will put all my money into 150x leverage towards the position I think it will go and I will make so much money, 3 times being right like that and you are one of the richest person on earth, because even 1k could become 100k+ in one try, and 100k could become 10+ million in second try, and 10+ million will become 1 billion on third try (not enough volume to cover that of course) so nobody really knows, if they did they would be richest man on earth in 3-4 tries.

Unless the recent rumors getting debunked make a big negative impact on bitcoin, I am pretty sure that those who short the prices are going to make a lot of money since there's still a possibility of rug pull that can cause some people to either lose money or gain big profit depending on their position on the market. People who short would disagree with you in terms of shorting the market doesn't make sense.

This is going to be exciting for the next couple of days, because more investors was now buying back and as the trend goes so noisy positive feedbacks will be heard which also added confident to many. This is what making cryptocurrency so worth it, since a lots of ideas was driven by groups and not only relying on one person who share their speculations about btc and other crypto coins.

These long and short will continue no matter how high or low is the bitcoin price. The important thing is that we should hold the bitcoin strongly during this period. Many people just get liquidated in futures trading and lose their bitcoins.

Shorting right now could lead you to be being left behind if this is just the start.

There's more to it.

And those that don't buy when it was $30k, they've just missed the whole thing but it's not too late for them. We can still have another run and they should buy before that happens.

some people will always lose money and remain poor. if it were any other way trading would have become THE way to become rich for literary everyone. there has to be so many newbies who keep betting against the market and lose money so that the rest can make profit from their mistakes.

Shorting at $40k is a very good bet in my opinion provided we have our stop losses included in the trade.
Bitcoin price has been going sideways since the recent dip a few months ago. It has been range bound in $40k to $28k.
As per data from Glassnode, we are not quite ready yet for a bull run which is why placing a short at $40k does seem like a good bet.
But yeah, this is crypto and anything can happen here. Setting stoplosses and monitoring regularly would be best thing to do since price can spike up overnight.

Short for Bitcoins? I strongly discourage if all should trade using short-range schemes. While the holders will stay long enough in this bull market. In my opinion, Short, for now, will be too high risk if not prepared with a mature strategy. After all, the most effective thing for Bitcoin trading right now is to keep holding on to it until everything is at its highest peak.
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We might see a small correction of Bitcoin. It might retest $36k before going through another side way. I think the market will be better since September. By that I expect a sideway of another one to two months after this correction.

Now, it's in the end of July and one to two more months will lead us to end of August or September.

November will be for Taproot activation.

I just think from the news source that I think it's true this week bitcoin will return to $40k or more or it could be good it will go up to $50k, the worst possibility is to return below $40k, hopefully later there will be a lot of good news about BITCOIN, like this week, thank you

We have to thank the rumor that the amazon would accept bitcoin, thanks to this false news people rushed to buy a lot of bitcoin and today the price is at 39,000$ but on the other hand the prices of altcoins in relation to bitcoin have fallen a lot, when that happens it means that people are selling altcoins to buy bitcoin and in the end they will switch from bitcoin to altcoin, I don't like it when the market behaves this way, I prefer it when so much bitcoin increases in prices and altcoins in relation to bitcoin also increase in prices, because becomes a more solid growth


 

even if the price dropped a lot I doubt that the people who make Hodl would stop being optimistic about the future, the truth is that people put a lot of faith in bitcoin in the long run and nothing changes

So, what do you think about this news. Are you really doing anything out of this news and analysis you share?
Last week, the strongest support for bitcoin price was at $28K and now it has turned to $38K and resistance has been above $40K. Fantastic, I know in the short term maybe some traders have made a profit, but in any case in the long term the prospect are much more tempting.

Doesn't make sense to short during this kind of min bull run we have. For sure millions is lost when the price goes from $40k->$36k->$30k again. Shorting is only profitable when the market is obviously going on a down ward spiral.

But since bitcoin has been steadily recovering and have break the psychological barrier of $40k, there is a highly chance that we are looking for the next big resistance which is $43k.

BITCOIN NEWS TODAY
Bitcoin (BTC) returned to $40,000 on Wednesday as bulls and bears waged a tug-of-war for hard-won higher ground.
“A lot can happen” from current BTC price levels
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $40,200 overnight, sealing a rare eight straight green daily candles in a row.

“But $40k is a local max, so there’s also LOTS of potential for shorts put on much lower to get liquidated if we rally even a little more. We’ll see! It should be an interesting next few days, and I’m sure glad I caught up on sleep.”

Investors had been initially skeptical of the strength of the initial rally, which began Monday, after a snap surge past the $40,000 mark followed by a roughly 9% correction.

For Sam Trabucco, a qualitative crypto trader at Alameda Research, such behavior was of little surprise, based on previous rallies, but the next few days should be tense.

“A lot can happen from here — BTC has had a stock beta, so there’s potential for it to remain sorta beholden to that, and there has historically been ‘round number resistance’ maybe causing it to struggle staying >$40k,” he concluded in a series of tweets on Wednesday.

His predictions came as shorts nonetheless remained low on major exchange Bitfinex on the day — earlier this month, sudden increases had noticeably influenced short-term price pressure.

Examining buy and sell levels on major exchange Binance, meanwhile, showed $38,500 growing as Bitcoin’s nearest support level, with $41,000 likewise hardening as resistance.

Conten by Coin telegraph
https://cointelegraph.com/news/bitcoin-price-is-returning-to-40k-but-will-shorts-have-their-revenge