Bitcoin price stay above $40000? - page 10.

Baofeng

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Quote from: Oshosondy on February 17, 2022, 04:54:18 AM

I am been having doubt recently that the price of bitcoin may not stay long above $40000, it is like the market is full of bears than bulls or maybe the bulls have become bears for this time until the next bull phase. Bitcoin increase some days ago above $45000, it decreased back to $41500, then increase again yesterday to $44500. I have predicted that if the price do not touch $45000 and above for now, that it is possible the bears will dominate and which is happening. Since yesterday, the price of bitcoin has slightly been on the decreasing side.

You are right as the price of bitcoin goes down hard again, it's down to $40k right now from as high as $43k-$44k in the last 24 hours, I haven't check what really happen in the last 24 hours though. But it seems there is a negative news again

Quote from: Oshosondy on February 17, 2022, 04:54:18 AM

Everyone is expecting bitcoin to get to $50000 again, but I am thinking this is not possible for now, I know the price will increase above $50000 but I think it is not now. But what I am mostly thinking about right now is that will $40000 be a support for bitcoin or will the price still decrease further again making it to touch $30000.

I myself was expecting that we can touch $45k, but we failed in our first attempt so I'm thinking that there is a big resistance in front. And surely, in just less than 24 hours, we only not just failed to break it, but the support line faltered at $43k.

Tellek Garing

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The market mishap today is a clear indication of the presence of a bear in the market, I don't think we will arrive $50k bitcoin price any time soon as the resistance level is getting weak and the Bitcoin price is gradually falling to below 40k at the end of today trading.

The political news of the fed decision and lots of other political happenings around the world of cryptocurrency in various countries as it regards to adoption and regulation have contributed heavily to the current downtrend movement in the Bitcoin market this week but let remain optimistic that things will be normalized in the weeks ahead.

kentrolla

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It's a very complicated situation as it can go either ways, if we consider last two bounce back we thought bitcoin will surely cross $50k but it failed and now it's fluctuating between $40k to $45k and I think there are possibilities of bitcoin going below $40k incase if it doesn't cross $50k mark by March or first week of March because it's been a while bitcoin has been struggling to reach $50k and if it doesn't do it this month as well then we might see a correction phas once again after the rise from $32k to $47k, price correction phase will only delay the process of bitcoin reaching $50k but incase if bitcoin crosses $50k still it has to stay above $50k for a while it should be a pump and dump.

As long as bitcoin stays above $40k we are safe and we can expect bitcoin to cross $50k.

Scripture

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Quote from: dimonstration on February 17, 2022, 05:27:53 AM

You will notice that the price usually dip in significant percentage there's a news about the possibility of the war. We can safely assume that Bitcoin will gonna recover once the tension is already clear.

I don't believe that the rumour of war is affecting the price of bitcoin. We remember the earlier speculation of this year for bitcoin to having a significant drop and this correction of bitcoin is no where about Russia or whichever country, short time investors are going away from the market and the market is up and down to stable up

Negative news around the world affects the price of Bitcoin so I think this war rumors really put the price of Bitcoin on this level again, remember the news about Covid19, we started to dumped because of that news and it can happen as well if the war started. Let’s hope for the price of Bitcoin to stay on this level so we can rise easily again, this might be the last drop before it pumps again.

jrrsparkles

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Quote from: Oshosondy on February 17, 2022, 04:54:18 AM

I am been having doubt recently that the price of bitcoin may not stay long above $40000, it is like the market is full of bears than bulls or maybe the bulls have become bears for this time until the next bull phase. Bitcoin increase some days ago above $45000, it decreased back to $41500, then increase again yesterday to $44500. I have predicted that if the price do not touch $45000 and above for now, that it is possible the bears will dominate and which is happening. Since yesterday, the price of bitcoin has slightly been on the decreasing side.

Everyone is expecting bitcoin to get to $50000 again, but I am thinking this is not possible for now, I know the price will increase above $50000 but I think it is not now. But what I am mostly thinking about right now is that will $40000 be a support for bitcoin or will the price still decrease further again making it to touch $30000.

Its been around $40-$45K for a while now which shows it has strong support resistance level at that region so its hard to predict when the trend will change to bullish or bearish so enjoy the ride along with its sideways if you are day trader or just HODL until the next cycle.

mk4

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Quote from: Oshosondy on February 17, 2022, 04:54:18 AM

Everyone is expecting bitcoin to get to $50000 again, but I am thinking this is not possible for now, I know the price will increase above $50000 but I think it is not now.

Who are you talking about specifically when you say "everyone"? If anything, based on my observations people from various communities have been switching from bullish to bearish and vice versa after like every $2000 bitcoin price movement for a few weeks already. And funnily enough, bitcoin has just been ranging for a while now.

hugeblack

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You cannot predict based on beliefs, if you do not think that the price will rise to the level of 50k, it does not mean anything.
Sometimes even analytical charts, network studies, and news analysis do not give a convincing reason to predict the price.

We are currently at levels of 43k and we only need 7000 to break the level of 50 thousand, which is the lowest of 17%, such a percentage is considered normal and the price can jump by 20% within one day.

In other words, can Bitcoin rise by 20% from the current level in a month? The answer is yes.

The level of 50K is not the problem, but the problem is in one trillion dollars at about 56k dollars.

LogitechMouse

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If you will see the daily chart of Bitcoin, you will see that Bitcoin tried to go above the $43,000-$44,000 twice but it didn't happen.
There is a rule in TA that the more it reaches the resistance, the higher chance that it will go above it and vice versa (correct me though I'm not sure with the words but at least you got the meaning

).

Well, it seems that Bitcoin will be on a sideways for a few weeks at around $40,000-$45,000 or maybe $50,000 if it reaches. Now that Bitcoin surpassed the $40,000 price, it is acting as the support right now and the resistance is the $50,000 price. I believe that Bitcoin will be on a sideways movement until it decides which direction it will go so maybe just be ready

.

dimonstration

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Due to the increasing tension between Russia and Ukraine, The global market is affected due to the possible economic crisis in case a war is ignite since NATO, US and China might join on this war to backed there allied country. There will be a huge economic war so the stock market as well as crypto market will be heavily affected that result for a long side ways on Bitcoin price. You will notice that the price usually dip in significant percentage there's a news about the possibility of the war. We can safely assume that Bitcoin will gonna recover once the tension is already clear.

pieppiep

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It's like ping and pong because the price seems to go up and down several times and we've seen it before. The possibility of bitcoin prices going down is always there and vice versa but that's not what we have to look at here but how we can use that moment to buy and sell at the right time. But most people are too afraid to buy, even in small quantities, because they keep thinking that the price could continue to fall and keep them from doing anything.

Maybe the bitcoin price can't reach $50,000 right now but rest assured that it will definitely come back to $50,000 one day and even make a new ATH higher than yesterday. However, if the price goes down to the $30,000 position, that means we can get a golden opportunity to buy bitcoin with whatever money we have because once the price goes up, it will go up high.

Yaunfitda

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RSI is still strong that's why we are still above $40k. But we are in a very delicate situation, I mean just another negative news and for sure we are going to see ~$40k again and then we are going to hear those perma bears again in the market. And then the discussion of what will be the lowest and it could go lower that $30k for others. As for the price of $45k, its a huge barrier in front of us that is hard to break.

Oshosondy

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I am been having doubt recently that the price of bitcoin may not stay long above $40000, it is like the market is full of bears than bulls or maybe the bulls have become bears for this time until the next bull phase. Bitcoin increase some days ago above $45000, it decreased back to $41500, then increase again yesterday to $44500. I have predicted that if the price do not touch $45000 and above for now, that it is possible the bears will dominate and which is happening. Since yesterday, the price of bitcoin has slightly been on the decreasing side.

Everyone is expecting bitcoin to get to $50000 again, but I am thinking this is not possible for now, I know the price will increase above $50000 but I think it is not now. But what I am mostly thinking about right now is that will $40000 be a support for bitcoin or will the price still decrease further again making it to touch $30000.

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