Bitcoin price stay above $40000? - page 2.

Sayeds56

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Quote from: Kemarit on February 17, 2022, 09:29:24 PM

Quote from: Fundamentals Of on February 17, 2022, 09:16:16 PM

Bitcoin is staying above $40,000 right now despite losing more than 7% in a just 24 hours. This is a hard test for this resistance turned support. This is not a highly tested support by the way. It could easily break. We remember how the price just breezed through $40,000 right after it was broken. Now, it is being tested. I hope it won't break. This is more or less a strong fall now. But I am not expecting the price to fall down all the way to $30,000. That's too far down.

Correct, their is tension around the world and all the markets have been severely affected by it. Currently, the price is still above $40,000 but it is on a very dangerous position. Usually these whole number support doesn't end very well, meaning it can be broken very quick. And the only thing we can do is hope that it will hold for at least 48 hours and then see how it will pan out next week.

I think the main reason is fear of interest rate increase announcement by FED as inflation number are going to be extra ordinary high, as reported in media. This news is affecting negatively on Stocks and Bitcoin markets but at the same time Crude are price is also sliding now and it is trading below $100 which will definately lower inflation world wide in coming weeks and months. The other reason is 30% tax on crypto goes into effect.

bitterguy28

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Quote from: ice18 on April 11, 2022, 10:36:57 PM

Quote from: Wong Gendheng on March 30, 2022, 09:31:09 AM

A good thing in the last few days because bitcoin continues to rise and almost reaches $50k again, the daily transaction volume that continues to increase makes me optimistic that in april bitcoin prices can reach $60k and of course there will be new ATH again before june or my forecast is April to May.

I hope you are right, month of April seems to be always bullish so hopefully btc will hold strong at 40k support, Im a patiently waiting for a bottom to enter a good position this time, looks like ready to bounce anytime.

Mate you created this post while the price of Bitcoin is under 40k , specifically 39,560$ meaning that Bitcoin did not stay 40k , so your hope is invalid i guess?
but now it has recovered back and sitting at 40,200$ as i speak.
but still in bad position because we are aiming for at least continuity from 48k to 50k .

Oasisman

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Quote from: ice18 on April 11, 2022, 10:36:57 PM

Quote from: Wong Gendheng on March 30, 2022, 09:31:09 AM

A good thing in the last few days because bitcoin continues to rise and almost reaches $50k again, the daily transaction volume that continues to increase makes me optimistic that in april bitcoin prices can reach $60k and of course there will be new ATH again before june or my forecast is April to May.

I hope you are right, month of April seems to be always bullish so hopefully btc will hold strong at 40k support, Im a patiently waiting for a bottom to enter a good position this time, looks like ready to bounce anytime.

Not really that bullish.
Though looking at the price from the last 5 years I have compiled the highest Btc price for the month of April

source : CMC.com
It seems like Btc tends to rise on the 4th week of the month having a consistent gain from day 1 to the 30th. This year's price action may be a bit more volatile than from the previous years.
My prediction would be at least $46k-$50k as the highest of April before this month ends.

rodskee

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It is sad that today this thread are broken and the price of bitcoin once again drops down below 40k https://coinmarketcap.com/currencies/bitcoin/ i felt desperate because i badly needed funds now and before i decided to withdraw ? the price already fell down this bad.
and also Bitcoin isn't really subjective to maintain this momentum.
maybe I will sell my altcoins instead of Bitcoin because the value continues to drop and i need to assure that when the Bull comes back ? i am ready for selling .

ice18

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Quote from: Wong Gendheng on March 30, 2022, 09:31:09 AM

A good thing in the last few days because bitcoin continues to rise and almost reaches $50k again, the daily transaction volume that continues to increase makes me optimistic that in april bitcoin prices can reach $60k and of course there will be new ATH again before june or my forecast is April to May.

I hope you are right, month of April seems to be always bullish so hopefully btc will hold strong at 40k support, Im a patiently waiting for a bottom to enter a good position this time, looks like ready to bounce anytime.

STT

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Continued weakness says we need to retract further and find greater support before any turn around can happen. Its not a good idea to fight continued trend and it appears we do have trend to the downside.
We haven't held the 50 day average, if anything its acting as we lost a grip or foothold at that point and now find path of least resistance is downwards. Try 37800 for a point BTC might act more positively, 40k imo is not big enough beyond momentary moves and obviously rounds number effect.

Yaunfitda

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Quote from: Vaskiy on April 11, 2022, 06:23:26 PM

Bitcoin touched the crucial support of $39200. From that it have bounced reaching close to $40k. Right now it looks like the time to make profit out of scalping. It looks like the market can move downwards/upwards. If downwards below $38k then we can expect the worst scenario of touching $30k and if upwards then we can expect it to reach $50k at the earliest.

For now it looks like $40k to be the major resistance barrier to decide whether the market is on the bullish move or on the bear trend.

The support becomes the resistance now, we thought that $40k is a strong support but it did crumble to the selling pressures.

Hopefully we can go back to the $40k line again, otherwise, if the market didn't hold obviously we might see another downward shift to mid $30k and this is going to be scary and critical again. We've seen lowest low as early as January-February, we might see it again this Apr-May.

Vaskiy

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Bitcoin touched the crucial support of $39200. From that it have bounced reaching close to $40k. Right now it looks like the time to make profit out of scalping. It looks like the market can move downwards/upwards. If downwards below $38k then we can expect the worst scenario of touching $30k and if upwards then we can expect it to reach $50k at the earliest.

For now it looks like $40k to be the major resistance barrier to decide whether the market is on the bullish move or on the bear trend.

fullhdpixel

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Quote from: bittraffic on April 11, 2022, 05:37:25 AM

Quote from: Baofeng on April 11, 2022, 05:25:08 AM

Isn't it though that the best way to stack up bitcoin is during a dip? I think those who are taking advantage as pure speculators who just wanted to squeeze profits due to bitcoin's volatility right now. From $48k to $42k, someone might have sold at the top to make money and then reinvest, sold again, rinse and repeat. And I doubt that the whales will do that. I speculate that the whales have bought a lot when the price is around $33k-$35k and then continue to hold at this time.

Them buying at $33K, they wouldn't be afraid to sell at $45K ad wait til it drops back to $37K where the support is. I'm sure whales are still selling this time and squeezing what they could profit from investors who are going to be force to sell at loss. Bad luck for investors that had bought at the top expecting the price to go up because of the good news they saw on social media. I think it will go below $40K again.

But, it would be better if they can wait for more increase before they sell because that can give them a better profit. If they sell now they are only helping the whales with their plans and that is to dump the market. Almost everyone expects that the price will rise after that news that we saw and if I have the money I think I will also do the same thing.

We shouldn't call that a bad luck because there is still a chance that the price is going to recover and increase more. In this business, there shouldn't be a room for regret but we should accept whatever happens after we decided to sell and buy because this market is very volatile and have lots of surprises.

bittraffic

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Quote from: Baofeng on April 11, 2022, 05:25:08 AM

Quote from: Odusko on April 09, 2022, 03:43:31 PM

Quote from: fzkto on April 06, 2022, 11:47:21 AM

Bitcoin is holding in the 38-45k range for now. I think that after it has fallen below 44k we should expect the next stop to be around 40k. So far, we see pressure from those who want to sell and we don't see any big purchases. This is not a good sign. It could be that 48k turned out to be a local peak and now bitcoin is off to find new support. Hopefully this correction will not be too deep!

Even though many speculators have forecast Bitcoin moving back to below the 40k region a lot of other whales are taking advantage of the current market to stock more in their bag as the market seems too big for a long period of correction stage and I can right predict $50.000 Bitcoin price before the end of the first quarter.

Isn't it though that the best way to stack up bitcoin is during a dip? I think those who are taking advantage as pure speculators who just wanted to squeeze profits due to bitcoin's volatility right now. From $48k to $42k, someone might have sold at the top to make money and then reinvest, sold again, rinse and repeat. And I doubt that the whales will do that. I speculate that the whales have bought a lot when the price is around $33k-$35k and then continue to hold at this time.

Them buying at $33K, they wouldn't be afraid to sell at $45K ad wait til it drops back to $37K where the support is. I'm sure whales are still selling this time and squeezing what they could profit from investors who are going to be force to sell at loss. Bad luck for investors that had bought at the top expecting the price to go up because of the good news they saw on social media. I think it will go below $40K again.

Baofeng

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Quote from: Odusko on April 09, 2022, 03:43:31 PM

Quote from: fzkto on April 06, 2022, 11:47:21 AM

Bitcoin is holding in the 38-45k range for now. I think that after it has fallen below 44k we should expect the next stop to be around 40k. So far, we see pressure from those who want to sell and we don't see any big purchases. This is not a good sign. It could be that 48k turned out to be a local peak and now bitcoin is off to find new support. Hopefully this correction will not be too deep!

Even though many speculators have forecast Bitcoin moving back to below the 40k region a lot of other whales are taking advantage of the current market to stock more in their bag as the market seems too big for a long period of correction stage and I can right predict $50.000 Bitcoin price before the end of the first quarter.

Isn't it though that the best way to stack up bitcoin is during a dip? I think those who are taking advantage as pure speculators who just wanted to squeeze profits due to bitcoin's volatility right now. From $48k to $42k, someone might have sold at the top to make money and then reinvest, sold again, rinse and repeat. And I doubt that the whales will do that. I speculate that the whales have bought a lot when the price is around $33k-$35k and then continue to hold at this time.

lepbagong

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Quote from: StreakW on March 28, 2022, 01:45:00 AM

I think, for now, I see growing positive sentiment that could push the Bitcoin price up to $50k. Even the Bitcoin price has risen above the $40k level to its current $47k position. Therefore, I estimate that the bitcoin price will likely continue to rise and the bitcoin price will likely touch $55k again.

I agree with you, that it leads to the positive if you see from March 17th, it seems that bitcoin is indeed heading for improvement and is trying to continue to increase.
the price of bitcoin from that date has indeed continued to stay above $40K, unfortunately the moment when it reached $47K had to go back down and currently the price is at $42K.
will it move up again? Of course, if bitcoin doesn't fall back below $40K, there's a very big chance of breaking through $50K which will hopefully continue to rise again.

Odusko

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Quote from: fzkto on April 06, 2022, 11:47:21 AM

Bitcoin is holding in the 38-45k range for now. I think that after it has fallen below 44k we should expect the next stop to be around 40k. So far, we see pressure from those who want to sell and we don't see any big purchases. This is not a good sign. It could be that 48k turned out to be a local peak and now bitcoin is off to find new support. Hopefully this correction will not be too deep!

Even though many speculators have forecast Bitcoin moving back to below the 40k region a lot of other whales are taking advantage of the current market to stock more in their bag as the market seems too big for a long period of correction stage and I can right predict $50.000 Bitcoin price before the end of the first quarter.

Ebede

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Quote from: StreakW on March 28, 2022, 01:45:00 AM

I think, for now, I see growing positive sentiment that could push the Bitcoin price up to $50k. Even the Bitcoin price has risen above the $40k level to its current $47k position. Therefore, I estimate that the bitcoin price will likely continue to rise and the bitcoin price will likely touch $55k again.

the price of bitcoin is going up and down and is not stable, if the price will go higher i dont think is between this range of this month and this year we have not experienced 60k worth of bitcoin, and i think we are suppose to expecting such increment by next year

fzkto

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Bitcoin is holding in the 38-45k range for now. I think that after it has fallen below 44k we should expect the next stop to be around 40k. So far, we see pressure from those who want to sell and we don't see any big purchases. This is not a good sign. It could be that 48k turned out to be a local peak and now bitcoin is off to find new support. Hopefully this correction will not be too deep!

MinMan

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Quote from: buwaytress on April 05, 2022, 10:32:11 AM

Not so sure what you're getting at (other than the obvious that below $40k is about as likely as above $50k, if not more likely) but I'd most certainly hold if I had anything less than 1 BTC (sadly, any pretense I have about having anything substantial is invalidated but how hard I'm still working for my BTC heh). What's 10k gain or loss at such "low" numbers, right?

Wondering if April will see a 10% daily bump either way, as that'll probably trigger a serious move.

I would guess that the logic is that if you could get bitcoin to 50k, sell it there, then buy at 40k that would not be a low amount, that would be a huge amount of difference. Not just for now, it is exponentially going bigger later on as well. If we have 50k for example, and buy at 50k then we have 1 btc, but if we buy at 0k that means we have 1.25 bitcoin. That means when it reaches 100k, that is 25k difference, when it reaches 1 million then it is 250k difference.

Obviously it is a long term deal to wait for to go up that much, but at the very least we have that chance and possibility and that matters when people are getting in all together. Of course, I agree with you, but I just wanted to explain that view as well.

buwaytress

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Quote from: Oshosondy on April 05, 2022, 03:47:31 AM

Quote from: buwaytress on April 02, 2022, 03:31:28 AM

Again, more important this month is not 50k, but to stay above 40k.

According to Glassnode, people that are holding are still increasing, even people having less than 1 BTC are holding most. It is very possible the price of bitcoin will not stay below $40000, but not reaching $50000 is not what that can be predictable for now. Most importantly, what people are just experiencing right now is that people holds more than sell.

Not so sure what you're getting at (other than the obvious that below $40k is about as likely as above $50k, if not more likely) but I'd most certainly hold if I had anything less than 1 BTC (sadly, any pretense I have about having anything substantial is invalidated but how hard I'm still working for my BTC heh). What's 10k gain or loss at such "low" numbers, right?

Wondering if April will see a 10% daily bump either way, as that'll probably trigger a serious move.

Oshosondy

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Quote from: buwaytress on April 02, 2022, 03:31:28 AM

Again, more important this month is not 50k, but to stay above 40k.

According to Glassnode, people that are holding are still increasing, even people having less than 1 BTC are holding most. It is very possible the price of bitcoin will not stay below $40000, but not reaching $50000 is not what that can be predictable for now. Most importantly, what people are just experiencing right now is that people holds more than sell.

Quote from: slaman29 on April 02, 2022, 10:38:51 AM

But we're back up again and btw Ethereum is pushing even higher.

This thread is created about bitcoin price prediction, stayking above or below $40k, it is not about any alctoins. Do not mind this. Let us just focus on speculating what the price of bitcoin could be.

fzkto

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There is too much talks right now about bitcoin going higher and higher, all the way up to the new ATH, which makes one wonder if that might not happen. Right now we see a bounce from 48k and bitcoin cannot recover yet. It might be temporary, of course, while it is a weekend and the major exchanges are down, but I am not sure that from next week there will definitely be an uptrend. We have to wait for bitcoin to break through the 50k resistance and then we can talk about an uptrend.

slaman29

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I honestly thought yesterday that was it for this time. Touching 48k and then falling and falling and losing 10% in less than a day, no one would have been surprised if it just totally lost hold of 40k.

But we're back up again and btw Ethereum is pushing even higher.

That's usually great news for Bitcoin when others aren't totally reliant on it!

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