BTC has crossed $43k what's next? | Bitcointalksearch.org

MarjorieZimmermanGinger

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Quote from: perfect999 on January 21, 2022, 12:09:50 PM

Quote from: kentrolla on January 12, 2022, 04:05:13 PM

BTC has crossed the mark of $43k after a while and will it pump further towards $50k and is this the buy in period or else it will once again dump and stay around $40k for some more time? IMO there are more possibilities of bitcoin recovering from recent correction and March towards $50k which will send green signal for entire crypto market and we have even noticed it's positive effect today on top altcoins, what's your take on this?

I have been of this opinion before and I will continue to be of it, as a bitcoin holder I don't think there is any need to be afraid of the bearish season as bitcoin trading below $40k right now, we have seen this over years but bitcoin still come back stronger and could even move into a new all time high.

Bitcoin will certainly recover and will send green light to other altcoins. It is a recurring of events and we must need to get used to. Expecting all bullish season across years is not making sense in any means.

Agree with your thinking, bearish season is not an excessive fear for us to worry about, this is a market reaction that is being corrected, bitcoin will be stronger going forward, surpassing current levels, events like this happen almost every year we experience, so be patient in recovery the maximum, if conditions like this make us afraid, then bitcoin is not suitable for us to invest.

cryptomaniac_xxx

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^^ It was a short-live $38k'ish, and then it goes down hard again to $38k, so I guess the lines have been invalidated and we have to start from scratch again to see where the price is going to be at least at the end of this month.

And it's been tricky really because the price is really volatile and everything is on the works short term. So there is no respite, as we are really inside the bear cycle now.

STT

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Back in a range again, needs to at least beat 38k and I think really the weekly average also. Above that is the downtrend around 40k, again another battle BTC must win and regain the ground in order to declare its with a chance of accumulating positive momentum. For the moment we have respite but not a serious rise in price only potential to do so.

Yaunfitda

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And just exactly 2 weeks after creating this thread, $43k->$32k down ward spiral. Although we have a slight bounce in the last 24 hours and now peaking at $36k.

But still in matter or weeks a $10k dropped, I think we are in the average of a bear market, until we hit the bottom. The question remains, what is the bottom for this bear market? Others speculating that it could be in the mid $20k, but others are looking for a bit lower than that.

perfect999

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Quote from: kentrolla on January 12, 2022, 04:05:13 PM

BTC has crossed the mark of $43k after a while and will it pump further towards $50k and is this the buy in period or else it will once again dump and stay around $40k for some more time? IMO there are more possibilities of bitcoin recovering from recent correction and March towards $50k which will send green signal for entire crypto market and we have even noticed it's positive effect today on top altcoins, what's your take on this?

I have been of this opinion before and I will continue to be of it, as a bitcoin holder I don't think there is any need to be afraid of the bearish season as bitcoin trading below $40k right now, we have seen this over years but bitcoin still come back stronger and could even move into a new all time high.

Bitcoin will certainly recover and will send green light to other altcoins. It is a recurring of events and we must need to get used to. Expecting all bullish season across years is not making sense in any means.

arwin100

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Quote from: pauloaragaomelo on January 21, 2022, 09:26:07 AM

Quote from: Farma on January 21, 2022, 02:23:56 AM

I hope that the price drop won't be more than $35k. even for now. Well, actually, I'm quite happy to see the price recover to $43k in the last few moments. however, a very rapid decline occurred. Yes, but this is still normal. I think, for now, the lowest target for the price decline is $35k, and maybe now we need to wait for good news to push the bitcoin price back into the $40k range.

The bounce area for $43k won't last even if the market is in recovery but actually the market has been in a bearish market down since ATH 2021. Though the good news won't push the bitcoin price up significantly as the market is currently in a bearish moment.

Fear level became more higher so I don't think any news will help for now knowing that market doesn't look good for now. Maybe its not to hold some bitcoins now and I'm thinking about preparing for worse case scenario since we might gonna see some deep with this current situation and better to have spare amount to buy some at the lowest price it could possibly get.

pauloaragaomelo

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Quote from: Farma on January 21, 2022, 02:23:56 AM

I hope that the price drop won't be more than $35k. even for now. Well, actually, I'm quite happy to see the price recover to $43k in the last few moments. however, a very rapid decline occurred. Yes, but this is still normal. I think, for now, the lowest target for the price decline is $35k, and maybe now we need to wait for good news to push the bitcoin price back into the $40k range.

The bounce area for $43k won't last even if the market is in recovery but actually the market has been in a bearish market down since ATH 2021. Though the good news won't push the bitcoin price up significantly as the market is currently in a bearish moment.

Farma

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Quote from: pauloaragaomelo on January 20, 2022, 09:47:02 AM

The market has jumped $39k, most likely the next market move will be down $35k, the current holding area is $40-41k so if there is an explosion in the selling trend due to FUD it will be difficult to get back to $40k in the next few weeks.

I hope that the price drop won't be more than $35k. even for now. Well, actually, I'm quite happy to see the price recover to $43k in the last few moments. however, a very rapid decline occurred. Yes, but this is still normal. I think, for now, the lowest target for the price decline is $35k, and maybe now we need to wait for good news to push the bitcoin price back into the $40k range.

justdimin

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Quote from: Kasabus on January 20, 2022, 08:26:03 AM

It will stay at that price if nothing will happen, but if there's some kind of bad news, the price will easily dump because it looks like we are in a bear market now. If you have been investing in crypto for awhile, you'll understand that this trend is going to happen, so brace yourself and prepare for the bear season.

Any time there is a bad news the price could go down, but if there is a good news then it could go up as well. We can't make predictions based on great news or bad news, they could happen at anytime and we will never know when and how that will happen.

So when we are investing, or cashing out, these news situations should not dictate what we are doing. Make your moves based on the fundamentals of your investment, bitcoin has been great and even though the price changed, the fundamentals did not change and it is even getting better. Same goes for ETH, considering how 2.0 is on the way, eventually it will have a great improvement. All these results with great future for these coins, and solid fundamentals, as long as that doesn't change, the news mean nothing.

pauloaragaomelo

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Quote from: Kasabus on January 20, 2022, 08:26:03 AM

It will stay at that price if nothing will happen, but if there's some kind of bad news, the price will easily dump because it looks like we are in a bear market now. If you have been investing in crypto for awhile, you'll understand that this trend is going to happen, so brace yourself and prepare for the bear season.

The market has jumped $39k, most likely the next market move will be down $35k, the current holding area is $40-41k so if there is an explosion in the selling trend due to FUD it will be difficult to get back to $40k in the next few weeks.

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Quote from: Yaunfitda on January 20, 2022, 06:17:47 AM

But still a long way to go, it's only $42k and we've been in this kind of price for the last 2 weeks already so there is no movement whatsoever and the chart tell everything, we are indeed in a sideways movement.

The question is will we able to break or have a break out run on the positive upside? Really hard to tell at this point but to not disappoint us, we should be thinking ahead and that we should take into account a bear market already as early as this month.

Yeah. Every week approaching Friday I'm prepared to dig in and see us break the floor and plumb depths of 35k, OR a fallback from 42k/43k to register a big bounce on 40k... none of this has happened yet. Every week's delay of the break out, even in sideways trading, does seem to stack more chips in the bears camp. Probably some big guys nearing fatigue after entering just around 40k too -- 5% gains is interesting enough for them?

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Quote from: kentrolla on January 12, 2022, 04:05:13 PM

BTC has crossed the mark of $43k after a while and will it pump further towards $50k and is this the buy in period or else it will once again dump and stay around $40k for some more time? IMO there are more possibilities of bitcoin recovering from recent correction and March towards $50k which will send green signal for entire crypto market and we have even noticed it's positive effect today on top altcoins, what's your take on this?

Looking at the chart of the price movement during this decline, so I think the lowest bitcoin price until the end of this month will remain at $40k, previously bitcoin has tried several times to rise to the price of $43k-$44k but bitcoin only lasted a short time in that area and then fell again below the $41k price and leads me to believe that the bitcoin price will soon return to the $50k price in the near future as you have specified.

It will stay at that price if nothing will happen, but if there's some kind of bad news, the price will easily dump because it looks like we are in a bear market now. If you have been investing in crypto for awhile, you'll understand that this trend is going to happen, so brace yourself and prepare for the bear season.

Yaunfitda

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Quote from: bitterguy28 on January 20, 2022, 06:05:40 AM

Quote from: STT on January 20, 2022, 03:18:13 AM

Here is how I view BTC since we got into the new year, basically sideways in a range. When it breaks the barrier either side then we can speculate better on price action moving onto a great target but for now it is set to repeat itself.

I would speculate it breaks upwards because its out run the negative trend from the ATH but that is not immediate or even definite yet. Some fear the negative but in order to be especially negative we'd need to test and fail one of the higher prices like 50 or 200 day average somewhere around there.

A slight growth today, standing up to 42k again and yeah green mark is still in progress so maybe there are more to come in the next following days or at least this whole week?
as we have seen this struggle for the whole January to even break that 43k to step up at least 44k again or even higher.
I would expect the minimum of 50k level this end of 1st quarter if this condition continues .

But still a long way to go, it's only $42k and we've been in this kind of price for the last 2 weeks already so there is no movement whatsoever and the chart tell everything, we are indeed in a sideways movement.

The question is will we able to break or have a break out run on the positive upside? Really hard to tell at this point but to not disappoint us, we should be thinking ahead and that we should take into account a bear market already as early as this month.

bitterguy28

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Quote from: STT on January 20, 2022, 03:18:13 AM

Here is how I view BTC since we got into the new year, basically sideways in a range. When it breaks the barrier either side then we can speculate better on price action moving onto a great target but for now it is set to repeat itself.

I would speculate it breaks upwards because its out run the negative trend from the ATH but that is not immediate or even definite yet. Some fear the negative but in order to be especially negative we'd need to test and fail one of the higher prices like 50 or 200 day average somewhere around there.

A slight growth today, standing up to 42k again and yeah green mark is still in progress so maybe there are more to come in the next following days or at least this whole week?
as we have seen this struggle for the whole January to even break that 43k to step up at least 44k again or even higher.
I would expect the minimum of 50k level this end of 1st quarter if this condition continues .

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Quote from: Slow death on January 16, 2022, 06:41:23 PM

Quote from: kentrolla on January 12, 2022, 04:05:13 PM

what's your take on this?

if the price stays for a long time accumulating between 42000$ to 44000$ then it can go up again. but if the price drops below 40,000$ then it will surely touch the 30,000$ once again and it will take months to get back above 50,000$, in the next few days we will see the price direction, for people who do hodl for years this is good buying opportunity

Dropping below $40k alone is not enough to cause a bigger drop, otherwise we already had a momentary drop below that level and price jumped back up instead of going down. That is why $40k is a very strong resistance which means there needs to be a much bigger sell off worth millions of dollars to push it below $40k and keep it there. Nobody wants to risk that much to manipulate the price...

STT

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Here is how I view BTC since we got into the new year, basically sideways in a range. When it breaks the barrier either side then we can speculate better on price action moving onto a great target but for now it is set to repeat itself.

I would speculate it breaks upwards because its out run the negative trend from the ATH but that is not immediate or even definite yet. Some fear the negative but in order to be especially negative we'd need to test and fail one of the higher prices like 50 or 200 day average somewhere around there.

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Indeed bitcoin has risen in price to pass $43k after it went through a prolonged bearish storm earlier. But I see, that technically the price of bitcoin is not certain for a reversal. However, this does not mean that the bitcoin market is already bullish. Therefore, let's see if this price increase will be the beginning of bitcoin's revival towards bullish or just temporary.

bakasabo

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Arent you people overreacting about Bitcoin prices changes? As soon as its price gains $500-1000 per day, people start to call it as a turn on the market and start to predict "$50k in a nearest future" or "moon soon". And as soon as Bitcoin price drops for $500-1000 per day, most consider it a walk to a bottom and call to either sell or hold.

Yesterday price was $43k, this morning it is almost $42k - what next? Nothing, we just lived another week without any major price change. We have entered fluctuation period and will see this daily gains and drops for months.

YinShuiSiYuan

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I think smart investor they don't miss that great opportunity to invest in bitcoin right now.So you can buy more bitcoin right now.i hope bitcoin price will be increase in this year.Now bitcoin price around $42000+ i hope BTC price will Reach $50000+ in 2022.Some time we need to patience. Cz everything will happen in right time.i Think more investor come in soon and bitcoin will be pump again in this year.

The scenario you described is very possible, but in fact further declines are also very likely. I think smart investor has now move to stablecoin and is waiting for what will happen. At the moment, we don't really know what's going to happen, so I think the best solution is to wait aside for the cryptocurrency market to calm down.

Kemarit

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Quote from: Slow death on January 16, 2022, 06:41:23 PM

Quote from: kentrolla on January 12, 2022, 04:05:13 PM

what's your take on this?

if the price stays for a long time accumulating between 42000$ to 44000$ then it can go up again. but if the price drops below 40,000$ then it will surely touch the 30,000$ once again and it will take months to get back above 50,000$, in the next few days we will see the price direction, for people who do hodl for years this is good buying opportunity

So still a win win in my opinion, you can invest at the current price. And then when the price drops, you can still enter with lower price. I think smart investors knows that very well so they are taking advantage of any dip in the market price.

It might take long though before we can see the price going down to $30,000 or going up to $50,000. So I will say that we are neither in a bull market or a full blown bear market which everyone thinks that we are going to experience this year.

Topic: BTC has crossed $43k what's next? (Read 689 times)