Bitcoin price stay above $40000? - page 7.

Reid

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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.

Silberman

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Quote from: Dave1 on February 24, 2022, 11:48:31 PM

True, the war has started already. But did you notice though that price of bitcoin today? despite the news, the price seems to be not bothered all. On the contrary, we've seen it almost touching $39k and it's hard to know that is the reason for the sudden spike in prices, yesterday it was -10% decrease now it's flip, we've experience a huge -10% increase. So the next question is, can we get over $40k again or is this pure manipulation again?

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.

buwaytress

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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).

This isn't even the first time people consider what happens to holders and investors in times of conflict and physical uncertainty and I think the idea that people hold more to preserve it from capture is a bit out of evidenced behaviour.

The only thing keeping Bitcoin stashed is those transporting wealth. That is safer and much more discrete than Hiding gold and precious stones to transport alongside flight. Do not even need to physically carry anyhing if you secure private keys to be retrieved later.

Otherwise, considering myself, and am sure what most people do in crisis, I would liquidate for emergency expenses. Travel, fees, bribes, whatever. Crisis is a selling requirement.

GeorgeJohn

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Quote from: Epaper on February 25, 2022, 10:54:02 AM

I think the bitcoin price will continue to move up above $40k. Even now the price of bitcoin is back at $39k after the last few days it has decreased in the range of $34k. At the current chart movement, it can be seen that the Bitcoin price is still rising, the possible target price will be around $42k. I see the Bitcoin price has seen strong signs of a reversal back to the upside since the last two days.

Bitcoin price is not predictable and their is no assurance that Bitcoin is basically going to pin at this particular price at moment, we all know that bitcoin always fluctuates, two days now the price is moving is going up and down, some predictors seems Bitcoin like what will accelerate to fifty thousand (50k), and at this point Bitcoin is at thirty eight thousand (38k) so no one actually know if the price will fall below thirty thousand (30). In summary know one knows Bitcoin determination or next movement because no one knows who is entering the market to boast the market.

Mamun74

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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.

BITCOIN4X

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Quote from: jaberwock on February 25, 2022, 02:08:40 PM

I agree on what @peter0425 said. Situation can get worst sooner or later not because of other things but due to the war's that are happening now. This is not a fud that we are spreading but its a fact. This is not a reason for us to feel bad or feel scared but lets be strong, stay motivated and continue buying and holding because the future of btc is surely gonna be bright.

This is another fact that cant be erased, we need to take note of that. We also need to keep in mind that btc's nature is volatile. Hoping for the price to stay on one position can be a difficult thing to achieve. Instead, we can ask questions like if btc can touch this "xxx" amount, as that is more possible.

Most people were surprised by yesterday's quick bitcoin price correction because to be honest the Russian and Ukrainian effects have left many people doubting about its recovery. Bitcoin is a trading asset that is known to be highly volatile and carries a high risk of loss when a trader or investor cannot convince himself to hold on to a correction. When they sell at a lower price than the buy price they have lost some money.

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).

jaberwock

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Quote from: yohananaomi on February 23, 2022, 07:03:11 AM

Quote from: peter0425 on February 23, 2022, 02:58:37 AM

.....

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

I hope that the sadness that you anticipate does not last long but there is a bright hope that with the start of many countries recognizing bitcoin will make good news for the development of bitcoin. although it is certainly not easy because we know that bitcoin has made unstable movements from the start and continues to easily fall back even though it has increased.

it's hard to expect bitcoin to stay at a price above $40K, because it keeps going back down and what's currently expected is hopefully bitcoin doesn't drop below $30K, of course it will be bad news and will continue to drag on like you said which will probably be the next month that price will continue to occur.

I agree on what @peter0425 said. Situation can get worst sooner or later not because of other things but due to the war's that are happening now. This is not a fud that we are spreading but its a fact. This is not a reason for us to feel bad or feel scared but lets be strong, stay motivated and continue buying and holding because the future of btc is surely gonna be bright.

This is another fact that cant be erased, we need to take note of that. We also need to keep in mind that btc's nature is volatile. Hoping for the price to stay on one position can be a difficult thing to achieve. Instead, we can ask questions like if btc can touch this "xxx" amount, as that is more possible.

Epaper

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I think the bitcoin price will continue to move up above $40k. Even now the price of bitcoin is back at $39k after the last few days it has decreased in the range of $34k. At the current chart movement, it can be seen that the Bitcoin price is still rising, the possible target price will be around $42k. I see the Bitcoin price has seen strong signs of a reversal back to the upside since the last two days.

peter0425

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Quote from: ultrloa on February 23, 2022, 07:54:54 AM

Quote from: peter0425 on February 23, 2022, 02:58:37 AM

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

If the war between Ukraine and Russia will come to worse which is currently happening right now then maybe we can see more dumps to come as many people will be afraid on possible crisis scenario and fuds will spread in cryptocurrency scene so I guess the one we need to do is to prepare if major dump came(hopefully not) and prepare for another funds to buy at the cheapest price it may possibly go.

But its good to see that after a day mate when the war started? we now seeing a growing market as there are greening happening , bitcoin climbing back to 38k and of course followed by altcoins.
this maybe a indication that the war between Russia and Ukraine does not really bringing bad effect in market at all.
so Lets enjoy those who are in profit who bought when the price fell down to 33k .

STT

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Decent recovery yesterday alongside a few other asset types, large amount of volume with the positive price action. Now current highs are just under a weekly average, Im optimistic it can gain further even if just going sideways here. Eventually should register above 40k, prospects for this just rely on digestion of past gains and a hold at these prices I think

38k to 37k at lowest would be the ideal to see till next week. It could be alot more positive then that before then but just holding here seems a place to remain optimistic.
On a daily closing bar basis we did maintain above the lowest range of prices for this year. The intraday low was higher then prior low, some positives to note.

Dave1

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Quote from: ultrloa on February 24, 2022, 06:04:24 PM

Quote from: Silberman on February 24, 2022, 05:35:39 PM

Quote from: ultrloa on February 23, 2022, 07:54:54 AM

Quote from: peter0425 on February 23, 2022, 02:58:37 AM

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

If the war between Ukraine and Russia will come to worse which is currently happening right now then maybe we can see more dumps to come as many people will be afraid on possible crisis scenario and fuds will spread in cryptocurrency scene so I guess the one we need to do is to prepare if major dump came(hopefully not) and prepare for another funds to buy at the cheapest price it may possibly go.

Unfortunately we cannot do nothing except to assume the worst possible scenario, the world was hopeful that a war could be avoided and the conflicts at Ukraine could be solved peacefully, but now those hopes are broken and this is being reflected in all the markets around the world, and of course bitcoin is being affected by it as well, the question is how long the war will last? As a long war will be bad for the economies of the world that were just recovering from the impact of the pandemic.

Russia already initiate the attack and Putin say this not negotiable anymore so we can expect more worse in next following days since Russian troops are now aggressive to penetrate on Ukrainian borders. And the bad effect of it will continue and might will go to worse if there are other countries like US will join the fight against Russia so maybe what we need to do is prepare for bad situation to come.

True, the war has started already. But did you notice though that price of bitcoin today? despite the news, the price seems to be not bothered all. On the contrary, we've seen it almost touching $39k and it's hard to know that is the reason for the sudden spike in prices, yesterday it was -10% decrease now it's flip, we've experience a huge -10% increase. So the next question is, can we get over $40k again or is this pure manipulation again?

ultrloa

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Quote from: Silberman on February 24, 2022, 05:35:39 PM

Quote from: ultrloa on February 23, 2022, 07:54:54 AM

Quote from: peter0425 on February 23, 2022, 02:58:37 AM

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

If the war between Ukraine and Russia will come to worse which is currently happening right now then maybe we can see more dumps to come as many people will be afraid on possible crisis scenario and fuds will spread in cryptocurrency scene so I guess the one we need to do is to prepare if major dump came(hopefully not) and prepare for another funds to buy at the cheapest price it may possibly go.

Unfortunately we cannot do nothing except to assume the worst possible scenario, the world was hopeful that a war could be avoided and the conflicts at Ukraine could be solved peacefully, but now those hopes are broken and this is being reflected in all the markets around the world, and of course bitcoin is being affected by it as well, the question is how long the war will last? As a long war will be bad for the economies of the world that were just recovering from the impact of the pandemic.

Russia already initiate the attack and Putin say this not negotiable anymore so we can expect more worse in next following days since Russian troops are now aggressive to penetrate on Ukrainian borders. And the bad effect of it will continue and might will go to worse if there are other countries like US will join the fight against Russia so maybe what we need to do is prepare for bad situation to come.

Silberman

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Quote from: ultrloa on February 23, 2022, 07:54:54 AM

Quote from: peter0425 on February 23, 2022, 02:58:37 AM

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

If the war between Ukraine and Russia will come to worse which is currently happening right now then maybe we can see more dumps to come as many people will be afraid on possible crisis scenario and fuds will spread in cryptocurrency scene so I guess the one we need to do is to prepare if major dump came(hopefully not) and prepare for another funds to buy at the cheapest price it may possibly go.

Unfortunately we cannot do nothing except to assume the worst possible scenario, the world was hopeful that a war could be avoided and the conflicts at Ukraine could be solved peacefully, but now those hopes are broken and this is being reflected in all the markets around the world, and of course bitcoin is being affected by it as well, the question is how long the war will last? As a long war will be bad for the economies of the world that were just recovering from the impact of the pandemic.

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Quote from: STT on February 21, 2022, 06:32:19 PM

We have momentum downwards, below the 2 day average BTC price action has failed to venture above a simple measure which for now means we continue negatively. It has to put that in some doubt for any optimism to appear. Its not held a higher range, next thing to speculate is holding above prior lows.

Yes,,, I have to sadly agree here. A lot of people are talking about the greens now and it seems foolish to think a big recovery is on its way just because of some retracement back. I think the bears do not even need to try so hard now because stockmarkets are just pushing every trader confidence down and crypto is only experiencing the shared negativity.

ultrloa

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Quote from: peter0425 on February 23, 2022, 02:58:37 AM

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

If the war between Ukraine and Russia will come to worse which is currently happening right now then maybe we can see more dumps to come as many people will be afraid on possible crisis scenario and fuds will spread in cryptocurrency scene so I guess the one we need to do is to prepare if major dump came(hopefully not) and prepare for another funds to buy at the cheapest price it may possibly go.

yohananaomi

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Quote from: peter0425 on February 23, 2022, 02:58:37 AM

.....

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

I hope that the sadness that you anticipate does not last long but there is a bright hope that with the start of many countries recognizing bitcoin will make good news for the development of bitcoin. although it is certainly not easy because we know that bitcoin has made unstable movements from the start and continues to easily fall back even though it has increased.

it's hard to expect bitcoin to stay at a price above $40K, because it keeps going back down and what's currently expected is hopefully bitcoin doesn't drop below $30K, of course it will be bad news and will continue to drag on like you said which will probably be the next month that price will continue to occur.

lizarder

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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.

Bitcoin's future confidence will reach more than $40000, as the market is now closer to the recovery of the correction from before, although the support for the recovery has not fully returned to the normal path, but when compared to the previous month, bitcoin is now on the green track slowly, I think for the future bitcoin will find a real recovery, a lot of support that convinces us that in the future bitcoin will return to the green path

rodskee

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Sad to see it happened but indeed that Bitcoin won't last long in 40k level.

I thought last week will be the best movement for bitcoin as the price climb up back to 45k but I am wrong , because now we are seeing the worst movement for bitcoin .

Quote from: STT on February 21, 2022, 06:32:19 PM

We have momentum downwards, below the 2 day average BTC price action has failed to venture above a simple measure which for now means we continue negatively. It has to put that in some doubt for any optimism to appear. Its not held a higher range, next thing to speculate is holding above prior lows.

It was mate and we are now on downwards position , and this will take long right?

peter0425

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this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

Fundamentals Of

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Quote from: TravelMug on February 22, 2022, 10:41:26 PM

Quote from: Fundamentals Of on February 22, 2022, 09:50:29 PM

Quote from: ipanks on February 22, 2022, 06:33:36 AM

Quote from: Fundamentals Of on February 21, 2022, 08:05:30 PM

snip

It turned out that my feeling was right yesterday and fortunately, I'm still waiting but I lost a good moment to do short Grin

But that's okay. For now, it might be a good time to wait until the price can reverse upwards and we have to be observant to see opportunities. Hopefully, it will stop at $37k and slowly rise and return to $40k.

If you made a short yesterday, you must have made some profit as the price had actually went down lower than $36,500. But there are some recoveries seen for now. The price has now gotten past $37,000 and is even approaching $38,000. But there seems to be no sign that this upward direction is going to last until $40,000. I don't trust the way the price is moving right now. It could go back to $36,000 easily anytime.

I'm more incline to see the recoveries in the last 24 hours. Again, another surprise by the market run today as the price goes to $38k at certain time frame. Asian market is very busy with the trading so I wouldn't be surprised that maybe in the next 8 hours we will maintain that $38k'ish run that we seen right now. We do hope that the next stop will be $40k at the end of the month.

From $36,500 to $38,000 in a matter of hours is nice recovery already. There's Bitcoin volatility clearly shown for us all. Although this is the good side of volatility happening right now, the other way could happen any time. Either we will get back to $40,000 at the end of the month or slide down once again to the lower part of the $30,000 limit.

These are still exciting times. On the overall, Bitcoin is still bullish with all the rising inflation, Canada chaos, and new players joining the market.

Topic: Bitcoin price stay above $40000? - page 7. (Read 1454 times)