Bitcoin price stay above $40000? - page 6.

bitterguy28

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Quote from: ?? on ??

When the price seems to rise above $40k there will be a lot of selling so the market is corrected again, the biggest factor is of course because of the large number of FUDs and as an experienced investor, of course, you are not affected by FUDs so always stay calm and buy more.

Not true, there are no lot of selling happening when the price of Bitcoin reached 40k because this is the stable value of bitcoin nowadays and you can check that clearly so if you say that there are lot of selling then this must be 20k level now? but have you look at the prices today?
you are totally wrong here.

_________________________________________________________

What I am seeing here is at least 35-45k is the minimum price of bitcoin this whole year .

dezoel

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Quote from: Silberman on March 10, 2022, 04:23:18 PM

Even in the current market conditions there are ways to take advantage of the way the market moves but it requires a different strategy, most of the time people use strategies that take advantage of strong trends, whether those trends move upwards or downwards does not matter at all, however when the market is moving like this then we need a strategy that identifies where the resistance and the support levels are and then we can sell or buy respectively when the price gets close to those levels.

I would guess that even in the current market situations, the long term people like me are doing fine. I am in profit because I am in it for the long term and have been for a while and the price is still 5x higher than where I bought it, even at the current stage, my averages are fine and I am doing fine. Why? Because I invested early on, and kept on investing no matter what, and this meant that I get to benefit even after it dropped from 68k to lower levels.

Obviously it would be better if I sold it at 68k and bought it back right now, I would have so much more bitcoin, but that doesn't mean that I am not profiting right now neither.

Silberman

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Quote from: Fatunad on March 07, 2022, 05:59:21 PM

Quote from: Silberman on March 07, 2022, 05:37:10 PM

We know as a fact that the most common market conditions we can find is a ranging market, and right now it seems this is what we are seeing, the market is undecided which direction to take, it cannot go up by much as there is a war that is still ongoing and anything could happen during the next months and years, however the price cannot go that much lower as people are worried about how their fiat currencies will react, and some still have high hopes for bitcoin in the case we get to see inflation going out of control all around the world, so most likely the market will keep moving like this for some time.

The current situation does prove out that nothing is assured when it comes to price level on where people do keep assuming that the price wont be going below 40k but look at on where we are now? We are indeed having
that ranging market which it is really hard to make out some analysis whether this one would stay for long or something that preparing for some take off into its price but with the current situation we are in or simply with
those fundamentals around then it is really hard to believe on that we would make out some significant movement in price.

Even in the current market conditions there are ways to take advantage of the way the market moves but it requires a different strategy, most of the time people use strategies that take advantage of strong trends, whether those trends move upwards or downwards does not matter at all, however when the market is moving like this then we need a strategy that identifies where the resistance and the support levels are and then we can sell or buy respectively when the price gets close to those levels.

KennyR

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The market isn't easy predictable. Today the market tested $40k resistance, but wasn't able to move forward. On retesting the resistance barrier it has fallen down to $39k. Now trading at $38k. This time the FED meeting scheduled for the upcoming week is connected with market decline. Along with this the proposal for the travel rule to keep track of the every transaction amounting €1000+ in cryto also a reason for the price to step down to $40k.

YinShuiSiYuan

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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. 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.

It looks like your prediction did not come true the first time around, but there is a high probability that this scenario will come true now.
The first drop was slightly below $35k and back above $40k. I think now the drop will be down to the level you predicted, which is $30k, and from there we will climb to $50k.

Fatunad

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Quote from: Silberman on March 07, 2022, 05:37:10 PM

Quote from: fullhdpixel on March 05, 2022, 04:58:07 PM

Quote from: ?? on ??

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

These type of drops (small ones) tend to be fragile and not really have a long term impact. This doesn't mean that it will skyrocket back up again, but it certainly doesn't mean that it will go down more neither. Usually when bitcoin goes down, it goes down a lot, we lived through those days a lot, we all remember how it could go from 50k to under 40k in a single day, or even hour. So when you are at 41k to 42k or so, and drop to barely under 40k, that doesn't really tell me anything.

I personally hope that we will do better, but it will probably take some time before it goes there. So, we just need to wait and see but meanwhile get your cash ready for a drop, and your stop loss ready as well.

We know as a fact that the most common market conditions we can find is a ranging market, and right now it seems this is what we are seeing, the market is undecided which direction to take, it cannot go up by much as there is a war that is still ongoing and anything could happen during the next months and years, however the price cannot go that much lower as people are worried about how their fiat currencies will react, and some still have high hopes for bitcoin in the case we get to see inflation going out of control all around the world, so most likely the market will keep moving like this for some time.

The current situation does prove out that nothing is assured when it comes to price level on where people do keep assuming that the price wont be going below 40k but look at on where we are now? We are indeed having
that ranging market which it is really hard to make out some analysis whether this one would stay for long or something that preparing for some take off into its price but with the current situation we are in or simply with
those fundamentals around then it is really hard to believe on that we would make out some significant movement in price.

Silberman

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Quote from: fullhdpixel on March 05, 2022, 04:58:07 PM

Quote from: ?? on ??

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

These type of drops (small ones) tend to be fragile and not really have a long term impact. This doesn't mean that it will skyrocket back up again, but it certainly doesn't mean that it will go down more neither. Usually when bitcoin goes down, it goes down a lot, we lived through those days a lot, we all remember how it could go from 50k to under 40k in a single day, or even hour. So when you are at 41k to 42k or so, and drop to barely under 40k, that doesn't really tell me anything.

I personally hope that we will do better, but it will probably take some time before it goes there. So, we just need to wait and see but meanwhile get your cash ready for a drop, and your stop loss ready as well.

We know as a fact that the most common market conditions we can find is a ranging market, and right now it seems this is what we are seeing, the market is undecided which direction to take, it cannot go up by much as there is a war that is still ongoing and anything could happen during the next months and years, however the price cannot go that much lower as people are worried about how their fiat currencies will react, and some still have high hopes for bitcoin in the case we get to see inflation going out of control all around the world, so most likely the market will keep moving like this for some time.

1CentAlsoWorthForMe

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That's OK. For the time being, it may be prudent to wait until the price may turn higher, and we must be vigilant in order to spot possibilities. Hopefully, it will come to a halt around $37k and gradually grow to $40k.

Jating

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Quote from: ?? on ??

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

We are indeed in the bear market, but at least there is no massive drop just like 2018. I mean the bulls keeps fighting back, just like what we have seen, they trying to maintain the $45k level at least for some time now. So we will see if we can defend the $38k price and then go bounce back to $40k. So there will be another drop in the price in the $35k range. But I don't see it dropping to $25k and if did, then could be a good recovery because that price is very cheap.

fullhdpixel

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Quote from: ?? on ??

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

These type of drops (small ones) tend to be fragile and not really have a long term impact. This doesn't mean that it will skyrocket back up again, but it certainly doesn't mean that it will go down more neither. Usually when bitcoin goes down, it goes down a lot, we lived through those days a lot, we all remember how it could go from 50k to under 40k in a single day, or even hour. So when you are at 41k to 42k or so, and drop to barely under 40k, that doesn't really tell me anything.

I personally hope that we will do better, but it will probably take some time before it goes there. So, we just need to wait and see but meanwhile get your cash ready for a drop, and your stop loss ready as well.

Silberman

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Quote from: Reid on March 01, 2022, 05:05:51 AM

Quote from: Silberman on February 28, 2022, 05:49:14 PM

Right now the price is above that level and it seems we are going to close above it today, but things are simply too unpredictable at the moment, the number and the extent of the sanctions that we are seeing against the Russian government is increasing, and while this is the correct thing to do, at the same time this will have a negative effect over the world economy, and we could see another important decrease in the price during the next weeks.

Talk about unpredictability, it happened again. $43k. IMO, this is the time they are buying Bitcoin to keep as their stash rather than in gold or hard cash. This way they could bring it quietly without any questions and also for security. Just remembering the seed phrase is all that matters.
Could this be Ukranians buying it or are this Russians trying to keep their money stay in value while their economy is crumbling? That's all the reason I could see because the spike was too sudden.

Well I was surprised as well by the positive movement in the markets, I think that some people may have thought it was a good opportunity to buy bitcoin as without a doubt the war and the sanctions that are being put forward all over the world are going to have a negative effect on the economy, and even if right now it is too soon to talk about a bull market at least we are back above the 40k level, something that is very positive as despite the decrease in the price we have seen during the last months the price is twice as high as the ATH we reached at the end of 2017.

Oasisman

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Quote from: Obito on March 03, 2022, 01:30:26 AM

Quote from: Mamun74 on February 27, 2022, 02:17:50 AM

Bitcoin price back Under $40k again but i think bitcoin price will above $40k+ end of February. I still believe bitcoin price movement correction. 2021 bitcoin price was under $30k similar time but now bitcoin price around $37k+ i hope bitcoin price grow up again this year and i hope bitcoin development wil more increase also.

Bitcoin is doing just fine staying above 40k, definitely there's a correction but I think that it's nothing to worry about, hopefully by that time that it happens, I would be able to buy a small amount and hopefully get a decent profit. Just hodl and hope that the price will go up and it definitely will because there's the war in Europe right now and bitcoin can benefit from it if Russia gets more economic sanctions in them.

Correction is not something that you worry about especially that you're buying the dip. You sound like you're doubting whether or not correction is something worrying lol.

Anyways, I don't think Bitcoin could actually benefit from the war because of all those economic sanctions. Like what has been discussed on the other thread, Russian fiat currency could actually convert into Chinese Yuan and nobody would ever know it. Bitcoin isn't the only way they're by passing the sanctions, but If they do then it might give a good effect on Btc price.

Obito

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Quote from: Mamun74 on February 27, 2022, 02:17:50 AM

Bitcoin price back Under $40k again but i think bitcoin price will above $40k+ end of February. I still believe bitcoin price movement correction. 2021 bitcoin price was under $30k similar time but now bitcoin price around $37k+ i hope bitcoin price grow up again this year and i hope bitcoin development wil more increase also.

Bitcoin is doing just fine staying above 40k, definitely there's a correction but I think that it's nothing to worry about, hopefully by that time that it happens, I would be able to buy a small amount and hopefully get a decent profit. Just hodl and hope that the price will go up and it definitely will because there's the war in Europe right now and bitcoin can benefit from it if Russia gets more economic sanctions in them.

STT

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Here is the recent range in March, we are losing the 2 day average which is a fast measure for momentum. We now test the lower ends of the range most likely and dollar is relatively strong so it is good test of resolve for bullish recent action. Weekly, monthly and also 50 day average are all quite close to 40k area so we might test that common area of significance but for now I think we continue quite bullish with increasing higher lows.

uneng

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Quote from: RealMalatesta on March 02, 2022, 05:14:41 AM

Quote from: arwin100 on March 01, 2022, 07:02:43 AM

Quote from: ibuddy122505 on March 01, 2022, 06:34:06 AM

Russia-Ukranian clashes lead the new bullish move, in this way it happened again $43k. Russian Ruble is facing incredibly troublesome stage as multiple sanction coming constantly. Russian Ruble continues falling regardless of offering doubles interest rate. Additionally trading volumes in Bitcoin using the ruble have surged to the most significant level since may 2021. It appears that Russian people trust on Bitcoin over their national currency Ruble.

They don't have a choice but to trust bitcoin for now since there are so many sanctions and the usage of their own currency is so limited at the moment so their adoption towards bitcoin is not surprising since this looks like their safe heaven right now. If Russian government will take this more harder for sure more country will impose or support the sanction given to them so hopefully Putin will realize this and it will make their economy more at huge risk if he continue to high up his pride towards his decisions made earlier.

The number of wallets with 1k+ bitcoins has increased insanely high right after the sanctions. I mean do we really believe that it was all thanks to bitcoin being hyped, or just pure coincidence that it happened now? It is obvious that Russian oligarchs ended up buying bitcoin in bulks.

Even the show Zelensky played showed oligarchs that ruled over the nation in hiding, do you really think those people would be happy with Putin right now? All of their money gone because of him. So they will go to bitcoin, and try to get another person elected, and after that we are going to end up with some sort of situation where they can go back to ruble in the future when all the dust is settled. Until then, I believe bitcoin will do fine.

That is true. I've seen bitcoin transactions' volume in Russia increased 150% in the past days, while ruble severely dropped. That is the highest volume in 9 months and refer to more than 1,5 billion rubles.

In Ukraine a similar situation is happening between the local currency and bitcoin, although in minor scale.

Probably bitcoin has been able to almost hit 44,000$ again for this reason, but I don't see this as a big impact.

RealMalatesta

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Quote from: arwin100 on March 01, 2022, 07:02:43 AM

Quote from: ibuddy122505 on March 01, 2022, 06:34:06 AM

Russia-Ukranian clashes lead the new bullish move, in this way it happened again $43k. Russian Ruble is facing incredibly troublesome stage as multiple sanction coming constantly. Russian Ruble continues falling regardless of offering doubles interest rate. Additionally trading volumes in Bitcoin using the ruble have surged to the most significant level since may 2021. It appears that Russian people trust on Bitcoin over their national currency Ruble.

They don't have a choice but to trust bitcoin for now since there are so many sanctions and the usage of their own currency is so limited at the moment so their adoption towards bitcoin is not surprising since this looks like their safe heaven right now. If Russian government will take this more harder for sure more country will impose or support the sanction given to them so hopefully Putin will realize this and it will make their economy more at huge risk if he continue to high up his pride towards his decisions made earlier.

The number of wallets with 1k+ bitcoins has increased insanely high right after the sanctions. I mean do we really believe that it was all thanks to bitcoin being hyped, or just pure coincidence that it happened now? It is obvious that Russian oligarchs ended up buying bitcoin in bulks.

Even the show Zelensky played showed oligarchs that ruled over the nation in hiding, do you really think those people would be happy with Putin right now? All of their money gone because of him. So they will go to bitcoin, and try to get another person elected, and after that we are going to end up with some sort of situation where they can go back to ruble in the future when all the dust is settled. Until then, I believe bitcoin will do fine.

Vaskiy

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Quote from: ?? on ??

You said something very nice. In the current state of Bitcoin, nothing can be said accurately. Because if the price of Bitcoin is pumped at 2% then after a few days it becomes 10% dump. Trading at this time is also very risky. I think if the bitcoin goes to 50K then after a few days bitcoin can come to 35K.

For the increase in the price that we're experiencing by now will undergo price correction. By that time we'll come to know the market crash. This is the time to profit for the traders, because of the good volatility that is being experienced regularly. With this ongoing market rise there is no impact of the whales, the growth is happening out of people's investment than the institutional investment. So, this time the growth is real and nothing manipulated or something out of panic.

arwin100

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Quote from: ibuddy122505 on March 01, 2022, 06:34:06 AM

Quote from: Reid on March 01, 2022, 05:05:51 AM

Quote from: Silberman on February 28, 2022, 05:49:14 PM

Right now the price is above that level and it seems we are going to close above it today, but things are simply too unpredictable at the moment, the number and the extent of the sanctions that we are seeing against the Russian government is increasing, and while this is the correct thing to do, at the same time this will have a negative effect over the world economy, and we could see another important decrease in the price during the next weeks.

Talk about unpredictability, it happened again. $43k. IMO, this is the time they are buying Bitcoin to keep as their stash rather than in gold or hard cash. This way they could bring it quietly without any questions and also for security. Just remembering the seed phrase is all that matters.
Could this be Ukranians buying it or are this Russians trying to keep their money stay in value while their economy is crumbling? That's all the reason I could see because the spike was too sudden.

Russia-Ukranian clashes lead the new bullish move, in this way it happened again $43k. Russian Ruble is facing incredibly troublesome stage as multiple sanction coming constantly. Russian Ruble continues falling regardless of offering doubles interest rate. Additionally trading volumes in Bitcoin using the ruble have surged to the most significant level since may 2021. It appears that Russian people trust on Bitcoin over their national currency Ruble.

They don't have a choice but to trust bitcoin for now since there are so many sanctions and the usage of their own currency is so limited at the moment so their adoption towards bitcoin is not surprising since this looks like their safe heaven right now. If Russian government will take this more harder for sure more country will impose or support the sanction given to them so hopefully Putin will realize this and it will make their economy more at huge risk if he continue to high up his pride towards his decisions made earlier.

poldanmig

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Quote from: BITCOIN4X on February 25, 2022, 02:29:06 PM

Doubts about a deeper decline due to the war are plausible reasons why people panic to sell. I don't know if those living in Russia or Ukraine felt comfortable holding bitcoins during the conflict, but it seems the war has influenced them to sell their bitcoin (some or all).

The impact of the war that occurred today in ukraine of course triggered considerable panic for bitcoin holders, thus making them prefer to sell their bitcoins and prefer to invest in more stable altcoins such as usdt today, although today we can see the price of bitcoin has improved a little, but in my opinion the decline in the bitcoin market could happen again if the war escalates and spreads between russia and ukraine which may be helped by nato, so the increase in bitcoin prices today in my opinion is less convincing.

ibuddy122505

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Quote from: Reid on March 01, 2022, 05:05:51 AM

Quote from: Silberman on February 28, 2022, 05:49:14 PM

Right now the price is above that level and it seems we are going to close above it today, but things are simply too unpredictable at the moment, the number and the extent of the sanctions that we are seeing against the Russian government is increasing, and while this is the correct thing to do, at the same time this will have a negative effect over the world economy, and we could see another important decrease in the price during the next weeks.

Talk about unpredictability, it happened again. $43k. IMO, this is the time they are buying Bitcoin to keep as their stash rather than in gold or hard cash. This way they could bring it quietly without any questions and also for security. Just remembering the seed phrase is all that matters.
Could this be Ukranians buying it or are this Russians trying to keep their money stay in value while their economy is crumbling? That's all the reason I could see because the spike was too sudden.

Russia-Ukranian clashes lead the new bullish move, in this way it happened again $43k. Russian Ruble is facing incredibly troublesome stage as multiple sanction coming constantly. Russian Ruble continues falling regardless of offering doubles interest rate. Additionally trading volumes in Bitcoin using the ruble have surged to the most significant level since may 2021. It appears that Russian people trust on Bitcoin over their national currency Ruble.

Topic: Bitcoin price stay above $40000? - page 6. (Read 1454 times)