Bitcoin price stay above $40000? - page 8.

TravelMug

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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.

Fundamentals Of

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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.

lepbagong

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since the beginning of the year bitcoin is difficult to predict accurately because it is easy to go up and easy to go down. the price is currently at $37,748 and a possible drop below that can and is very likely to happen, if we look at the experience in January which once touched $35K.

It is very difficult for bitcoin to stay above $40K without some good news to encourage confidence in bitcoin, to continue to grow. each time, after improving and reaching the possibility will continue to increase, but it doesn't happen, in fact it gets worse. we hope bitcoin doesn't drop to $30K as it will have a hard time recovering quickly.

ipanks

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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.

btc78

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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.

it doesn't actually mate https://coinmarketcap.com/currencies/bitcoin/ as looking at the movement? the price keeps in falling while trying to push to stay above 45k and have not even get close to 50k .

with this behavior i think below 40k is our position this whole year though there might be small pump and dump in the following days/weeks.

just be ready because any time there will be changes and if we will not take the chance to buy or sell then we will not be making any good profit.

Mr.Scott

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Quote from: bitterguy28 on February 22, 2022, 02:42:34 AM

This is the market showing Bitcoin price now https://coinmarketcap.com/currencies/bitcoin/ does this looks like the price will stay above 40k? but days ago the value starts to fall and now staying badly at 36 near 35k . i also doubt that we will be having a great act for bitcoin followed by altcoins this year.

This market doesn't look good enough to stay above $40K. Bitcoin dropped back to $37k.

36500 is a major support level, so I wouldn't be concerned (although I think the trend will be downward). However, the trend is not looking good. Afterwards, we'll wait for the next major support; if that breaks, we'll see more reds. You can't predict when a big buyer may jump in or where there will be shorts.

bitterguy28

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This is the market showing Bitcoin price now https://coinmarketcap.com/currencies/bitcoin/ does this looks like the price will stay above 40k? but days ago the value starts to fall and now staying badly at 36 near 35k . i also doubt that we will be having a great act for bitcoin followed by altcoins this year.

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 does mate, now 30kish and movement continuously downing and this is a bad show of act for Bitcoin .

Fundamentals Of

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Quote from: TravelMug on February 21, 2022, 08:20:59 PM

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

Quote from: ?? on ??

Quote from: Fundamentals Of on February 20, 2022, 08:11:06 PM

snip

Yes, the down is fast and made the price directly jumps down. I did not expect it but fortunately, I already prepared myself before and closed my trade and changed it into short and closed it at $38k Grin

This position still needs observation as the price can go down again and I do not want to buy at a high price so I decided to wait for a while. Meanwhile, bitcoin is down again after touching $39k and makes me just wait. But hopefully, it is just a tester for the price. Oh, this could be like a rollercoaster Grin

If this is a tester, it is obviously a hard test. The price did not only lost hold of $40,000, it slide down to $39,000 and then to $38,000 very quickly. And as though that is not enough, the price right now is already at $37,000. It is barely holding such price in fact. The price could easily go below $37,000 any minute from now.

This is obviously still the bear market. I thought it already ended with the breaking of $40,000 and the surpassing of $45,000.

And now we are in the lower $37k, os it's really a big test again for the market and we might see another lows in the dumping continues in the next 48 hours.

When we thought that the market has settled down already above $40k, the prices seems to move down because of the negative news coming from the Russia vs Ukraine war.

The price has probably hit lower than $37,000 in some exchanges right now. There might be more downward movements in the hours to come. We will see where the bottom of all this in the coming days and weeks. It seems the price has not yet reached a strong support for now from which it could bounce back.

I doubt the market is plunging because of the Russia vs Ukraine conflict. To make it clear, there is not even a war, is there? Conflicts are everywhere but it doesn't mean the price of Bitcoin has to go down.

TravelMug

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

Quote from: ?? on ??

Quote from: Fundamentals Of on February 20, 2022, 08:11:06 PM

snip

Yes, the down is fast and made the price directly jumps down. I did not expect it but fortunately, I already prepared myself before and closed my trade and changed it into short and closed it at $38k Grin

This position still needs observation as the price can go down again and I do not want to buy at a high price so I decided to wait for a while. Meanwhile, bitcoin is down again after touching $39k and makes me just wait. But hopefully, it is just a tester for the price. Oh, this could be like a rollercoaster Grin

If this is a tester, it is obviously a hard test. The price did not only lost hold of $40,000, it slide down to $39,000 and then to $38,000 very quickly. And as though that is not enough, the price right now is already at $37,000. It is barely holding such price in fact. The price could easily go below $37,000 any minute from now.

This is obviously still the bear market. I thought it already ended with the breaking of $40,000 and the surpassing of $45,000.

And now we are in the lower $37k, os it's really a big test again for the market and we might see another lows in the dumping continues in the next 48 hours.

When we thought that the market has settled down already above $40k, the prices seems to move down because of the negative news coming from the Russia vs Ukraine war.

Fundamentals Of

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Quote from: ?? on ??

Quote from: Fundamentals Of on February 20, 2022, 08:11:06 PM

snip

Yes, the down is fast and made the price directly jumps down. I did not expect it but fortunately, I already prepared myself before and closed my trade and changed it into short and closed it at $38k Grin

This position still needs observation as the price can go down again and I do not want to buy at a high price so I decided to wait for a while. Meanwhile, bitcoin is down again after touching $39k and makes me just wait. But hopefully, it is just a tester for the price. Oh, this could be like a rollercoaster Grin

If this is a tester, it is obviously a hard test. The price did not only lost hold of $40,000, it slide down to $39,000 and then to $38,000 very quickly. And as though that is not enough, the price right now is already at $37,000. It is barely holding such price in fact. The price could easily go below $37,000 any minute from now.

This is obviously still the bear market. I thought it already ended with the breaking of $40,000 and the surpassing of $45,000.

KennyR

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Quote from: Baofeng on February 21, 2022, 06:26:18 AM

Quote from: GreatArkansas on February 21, 2022, 02:28:13 AM

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 like your numbers but those numbers for me are psychological support and resistance for a very long time, since last year.
So for me, if you can see Bitcoin is having a really hard time staying above $40,000 and that's why every time it tries to break $40,000 and fails, huge dumps are happening.

Usually those are the whole numbers support and resistance level. If we didn't get past that price, definitely it will have to go down. So again, at the start of the week, the price didn't hold up although there are several attempts in the 4 hour time frame to break $40k, but there was not enough push and now we go down to $38k very quick.

Several times the market tried to break $40000, bit it wasn't able to last long. This has made the price around $38500 to be the mid range resistance. Today this has got broken and it retested it. Failing to reach the mark, now it has been moving around $37500. Maybe further it can test again to go above $38500. Failing to reach will result in touching $35000.

STT

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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.

Silberman

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Quote from: lienfaye on February 20, 2022, 08:34:35 PM

Quote from: Fundamentals Of on February 20, 2022, 08:11:06 PM

The first time Bitcoin lost the $40,000 support is quite persistent. But now, it has already been broken clearly. $40,000 has lost its grip already. The price has fallen to less than $39,000. I hope this is not a free fall. For the past hours the movement seems to be going sideways. There must be an almost equal pressure for both buying and selling currently.

Its not surprising to see the price moving downward but I thought $40k would be the support level and the price wont go down further. After reaching the $45k price it seems the market is recovering slowly however it didnt happen consistently and now its back below $40k. The price is unstable and unpredicted hence its better to not expect anything and look forward for whats in the future specially if you are planning to hold for long period and not after for short term profit.

The world is too unstable and we are seeing a reflection of this on the markets, the TV and the Internet are filled with news about Ukraine and the possible conflict that we could see, and this is the kind of thing that all markets hate as there is a great deal of uncertainty, so bitcoin despite its strength and its fundamentals is also falling victim of this uncertainty, however assuming that everything is resolved relatively quickly then I think the price of bitcoin could recover and surpass the 40k level again.

Baofeng

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Quote from: GreatArkansas on February 21, 2022, 02:28:13 AM

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 like your numbers but those numbers for me are psychological support and resistance for a very long time, since last year.
So for me, if you can see Bitcoin is having a really hard time staying above $40,000 and that's why every time it tries to break $40,000 and fails, huge dumps are happening.

Usually those are the whole numbers support and resistance level. If we didn't get past that price, definitely it will have to go down. So again, at the start of the week, the price didn't hold up although there are several attempts in the 4 hour time frame to break $40k, but there was not enough push and now we go down to $38k very quick.

bitterguy28

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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.

it is mate, because the last 40k level stays only for 3 days and starts falling again yesterday and look at it now, the price dip at 38-39k value that has been around since the beginning of 2022.

Quote

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.

actually this is not possible any time soon , there is a 45k barricade that we had only broken for a couple of minutes and drops back to 44k and now 39k.

this is why we are rest assure that we will stay this level in the next weeks or even months.

GreatArkansas

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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.
(........)

I like your numbers but those numbers for me are psychological support and resistance for a very long time, since last year.
So for me, if you can see Bitcoin is having a really hard time staying above $40,000 and that's why every time it tries to break $40,000 and fails, huge dumps are happening.

lienfaye

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Quote from: Fundamentals Of on February 20, 2022, 08:11:06 PM

The first time Bitcoin lost the $40,000 support is quite persistent. But now, it has already been broken clearly. $40,000 has lost its grip already. The price has fallen to less than $39,000. I hope this is not a free fall. For the past hours the movement seems to be going sideways. There must be an almost equal pressure for both buying and selling currently.

Its not surprising to see the price moving downward but I thought $40k would be the support level and the price wont go down further. After reaching the $45k price it seems the market is recovering slowly however it didnt happen consistently and now its back below $40k. The price is unstable and unpredicted hence its better to not expect anything and look forward for whats in the future specially if you are planning to hold for long period and not after for short term profit.

Fundamentals Of

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Quote from: ipanks on February 19, 2022, 08:24:45 AM

Quote from: Oshosondy on February 19, 2022, 03:12:54 AM

Quote from: Fundamentals Of on February 18, 2022, 09:46:34 PM

snip

It's been happening at the moment and if you look at CMC, the bitcoin price is currently down at $39,800-$39,900 levels and it seems like it will continue to fall for a while. But if you look at bitcoin's movement, this is when the bear market returns but hopefully, it won't last long.

I also predicted yesterday that if the price of bitcoin struggles to break through $45,000, bitcoin will go back down for a while but I don't predict the price until it hits $39k as we see today. In today's market conditions, we can buy bitcoin at the price we want.

Bitcoin can continue to fall, seeing the current trend is down so we must remain careful. Hopefully, the support can strengthen again so that the bitcoin price can bounce up and back above the $40k level.

The first time Bitcoin lost $40,000, it was very quick. $40,000 went back once again. That's why I was thinking that the $40,000 support is quite persistent. But now, it has already been broken clearly. $40,000 has lost its grip already. The price has fallen to less than $39,000. I hope this is not a free fall. For the past hours the movement seems to be going sideways. There must be an almost equal pressure for both buying and selling currently.

Ararbermas

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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.

it's definitely impossible to happen on this current situation, because obviously in the lower time frame of bitcoin graph which for short term only, it really showing that bitcoin has no chance to regain strength in just a short period of time in order to make a good uptrend and to achieve our prediction as well.

So we need put more patience mate especially now on this situation wherein market turn into bearish again.

But i suggest dont base on the current situation of bitcoin in short-term wherein must focus on the big picture especially if you have plans for long term because to be honest bitcoin still have a good structure and it really showing that $50000 or higher still possible this year.

STT

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im not sure I would bet on 40k as a minimum. It will be challenged, I'm watching 39.5k and I want to say this will be the bottom because that would be bullish. However its more likely we trade far below 40k and later on we do recover this area and in that moment people should bullish then rather then hope and pray we stop here, its a freight train and wont do what we want tbh.

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