Bitcoin price stay above $40000? - page 9.

EdenHazard

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Quote from: livingfree on February 19, 2022, 10:29:37 AM

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

will the price still decrease further again making it to touch $30000.

It's on this. But it's likely happening every weekend that there's a blood bath and also with Biden's word about the war in Ukraine, it has likely affected the market.

IMO, we're going to retrace and by Monday or Sunday evening, we shall see the recovery of it that could also get its feet back to $41k-$42k.

It's just me having a speculation from my own observation.

I believe so , we have failed to break 45k since new year drop.

We are trying many times and will do try the same thing next month i guess but yeah for now it seems we are heading to 30k despite it's much nearer to 45k.
Bearish confirmed?
I wish it could go as low as 10k unexpectedly , so we can have a party to bag more bitcoin and get our second chance that we missed back in early 2020.

livingfree

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

will the price still decrease further again making it to touch $30000.

It's on this. But it's likely happening every weekend that there's a blood bath and also with Biden's word about the war in Ukraine, it has likely affected the market.

IMO, we're going to retrace and by Monday or Sunday evening, we shall see the recovery of it that could also get its feet back to $41k-$42k.

It's just me having a speculation from my own observation.

ipanks

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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.

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

We have seen $40,000 breaking. The price actually fell to $39,600 but that was quickly recovered. $40,000 showed some strength. The price indeed lost hold of it but it didn't cause any further decrease. I was earlier thinking that losing $40,000 would cause the price to slide all the way down to $38,000 or even much lower. $40,000 persisted but the test is still there. It hasn't gone off the danger yet. We will see within the next several hours if it remains strong.

I have not seen $40000 to be persistent, the price just broke $40000 resistance recently which was yesterday, it was above before, the least resistance that traded for like two weeks was $41500. When bitcoin was unable to break $45000 again the second time recently, I have guessed it will be another bear market. If bitcoin did not increase and maintain this $40000 support, let us expect the price to later decrease below $40000 which is the support now, the support may later become the resistance.

Fundamentals Of

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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.

We have seen $40,000 breaking. The price actually fell to $39,600 but that was quickly recovered. $40,000 showed some strength. The price indeed lost hold of it but it didn't cause any further decrease. I was earlier thinking that losing $40,000 would cause the price to slide all the way down to $38,000 or even much lower. $40,000 persisted but the test is still there. It hasn't gone off the danger yet. We will see within the next several hours if it remains strong.

Oilacris

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Quote from: CaVO32 on February 18, 2022, 05:45:04 PM

Quote from: 7788bitcoin on February 18, 2022, 05:36:13 PM

Quote from: el kaka22 on February 18, 2022, 03:21:15 PM

~
I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

If you have a coin with limited number of coins in circulation you are bound to go higher and if that is the mentality of everyone the world would be a much better place Cheesy

. Majority of the investors in the cryptocurrency space wants their profit in a short period of time and they see this market as a magic wand to increase their wealth in a short period and hence you hear people crying when there is a correction.

Till now the supporting of $40k is holding up and hopefully we will not see another major sell off, couple of days and we will know what the short term market would be as it is edging close to $40k.

We are now below $40k, but it seems, this is just another challenge for the holders as we can easily go up again to $40k easy. If we really look into hourly or daily movement, we will be stressed or get paranoid from it. If you are here for long-term, don't get too attached in small movements because you would go crazy and may sell off at a loss. If there are positive things happenings around bitcoin, then, there's still hope to increase its value in the future.

This is what i do put up in my mind is that there would no assurance on what would be the price.Some saying that it wouldnt go below 40k but we actually are experiencing on going below that price

point but somehow it do holds up and whether it would be going go down further or would simply stop there and make out some preparation before breaking that 50k price point.
No one really knows on what would be the next move, we wont know until there's something happens and this is how this market moves.

coolcoinz

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Quote from: CaVO32 on February 18, 2022, 05:45:04 PM

We are now below $40k, but it seems, this is just another challenge for the holders as we can easily go up again to $40k easy. If we really look into hourly or daily movement, we will be stressed or get paranoid from it. If you are here for long-term, don't get too attached in small movements because you would go crazy and may sell off at a loss. If there are positive things happenings around bitcoin, then, there's still hope to increase its value in the future.

Depends on where you look. One minute we are below, the next one we are above. 40k is not a solid level that if you break to 39900 it somehow becomes invalid and the price will go to 37k or something. First of all a wick is not a break. Price can wick on hourly and still not break the level. You could see it happen when we went above 45k and people were already celebrating that the resistance was broken. Not so fast boys, you need a daily close above the level for it to be broken, and then you need to come back to it to retest it as support. Right now we're retesting 40k and if it holds it's going to be a strong bullish sign.

GeorgeJohn

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Quote from: Baofeng on February 17, 2022, 05:13:09 PM

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.

We can't conclude because the price of bitcoin always fluctuates in nature, so concluding that the price can get accelerated above forty thousand, i might say its wrong conception from my perspective, it's not that I'm calling for argument or agitation, but the price is base on market structures of cryptocurrency demand and supply, the market is moving with gradual demonstration which we all knows when the were it started it's movement of elevation this period, i have no prediction over it but i know vividly that it will rise more than forty thousand

CaVO32

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Quote from: 7788bitcoin on February 18, 2022, 05:36:13 PM

Quote from: el kaka22 on February 18, 2022, 03:21:15 PM

~
I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

If you have a coin with limited number of coins in circulation you are bound to go higher and if that is the mentality of everyone the world would be a much better place Cheesy

. Majority of the investors in the cryptocurrency space wants their profit in a short period of time and they see this market as a magic wand to increase their wealth in a short period and hence you hear people crying when there is a correction.

Till now the supporting of $40k is holding up and hopefully we will not see another major sell off, couple of days and we will know what the short term market would be as it is edging close to $40k.

We are now below $40k, but it seems, this is just another challenge for the holders as we can easily go up again to $40k easy. If we really look into hourly or daily movement, we will be stressed or get paranoid from it. If you are here for long-term, don't get too attached in small movements because you would go crazy and may sell off at a loss. If there are positive things happenings around bitcoin, then, there's still hope to increase its value in the future.

7788bitcoin

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Quote from: el kaka22 on February 18, 2022, 03:21:15 PM

~
I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

If you have a coin with limited number of coins in circulation you are bound to go higher and if that is the mentality of everyone the world would be a much better place Cheesy

. Majority of the investors in the cryptocurrency space wants their profit in a short period of time and they see this market as a magic wand to increase their wealth in a short period and hence you hear people crying when there is a correction.

Till now the supporting of $40k is holding up and hopefully we will not see another major sell off, couple of days and we will know what the short term market would be as it is edging close to $40k.

Johnyz

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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.

We’re almost hit the $39k which is very crucial because this might ruin the momentum of Bitcoin on going up again, so let’s watch the price closely and know your position with this because you might miss to cut your losses. There’s a lot of negative issues around the world, mostly having a huge pressure agains Bitcoin, this is why many investors are still hesitant to come back, plus the scare of having a WW3, lot of things to be consider though. Bitcoin should remain intact on $40k, let’s keep this price stable for now.

el kaka22

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Quote from: Kelvinid on February 18, 2022, 05:06:10 AM

It can't be now, even tomorrow but think about that it can be possible in the coming days. I'm not just positive with the market but that can be in reality as we know that Bitcoin had reached $50k in the past before the huge price deduction, and it rise back again just like the old times.

I have no feeling of doubts, Bitcoin will surge back high again only we need to trust and be optimistic. There is no instant recover ever happen in the market, so it is the same scenario to see.

That is the approach we should have. Bitcoin is not something that will drop that easily, we are going to have drops here and there for short term but the long term trajectory will be a high thing and we should be keeping it and hold will always be the best strategy. I have grown my crypto holdings in the past 2 years and I am still doing fine, even after drops after drops, it may not be 68k anymore but it is still profitable for me.

I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

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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.

yeah, you are right...It can't be now, even tomorrow but think about that it can be possible in the coming days. I'm not just positive with the market but that can be in reality as we know that Bitcoin had reached $50k in the past before the huge price deduction, and it rise back again just like the old times.

I have no feeling of doubts, Bitcoin will surge back high again only we need to trust and be optimistic. There is no instant recover ever happen in the market, so it is the same scenario to see.

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It seems we still need to be patient again because the price of bitcoin is not showing a good movement and is still experiencing a correction.
Today the price touched $40k and the red candle remains in the market and maybe we will be in this position until the weekend but we should not worry because the market is going up again.
Yes, we all expect bitcoin to hit $50k but we can't expect it to happen quickly because there is a time factor that we don't know for sure.
I hope you can buy bitcoin again at a low price and hold it for a while.

Kemarit

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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.

Fundamentals Of

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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.

TravelMug

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

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.

Yup, to be fair not just crypto market but stocks is also down due to this news.

A couple of days ago we see the price going $45k and then we said that there could be no war between Russia and Ukraine.

And then suddenly we had this news that really affected the financial markets around the world. So we are again at the critical level of $40k, is this don't hold, then we might see another dip in the next 24 hours.

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

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.

It's different from what I read from the others although I think stock market is different from Bitcoin when it comes to economic crisis on a certain country. I don't know if this is right or not but correct me if I'm wrong, as what I've read, they mentioned that due to the future crisis most investors would switch to Bitcoin since they can't use money on a country where war is active thus, increasing the adoption of Bitcoin therefore creating a FOMO.

So, I think most investors are waiting what will be the outcome of this notion between countries.

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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.

Today we are experimenting an important drop in the market of more than 7%, this is nothing for long term holders but for day traders using leverage this is huge, now it is likely the price will close above 40k today but we are going to have to wait and see if tomorrow is a better day than today or the negative trend continues, and if that is the case then there is a very high probability that we will see sub 40k prices again.

7788bitcoin

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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.

This is the expectation everyone is having but it looks like the market might go below $50k with the way things are moving as the correction is almost 8.05% and is trading around $40527 and hopefully it will not dip further but i am not seeing huge buy walls either and i am not sure how to evaluate the situation. Will sleep tonight and see how low it can go and then take my position.

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