₿ not going below 40.000 (probably)

Yaunfitda

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Quote from: Jating on March 31, 2022, 01:23:47 PM

Quote from: eaLiTy on March 26, 2022, 06:46:16 PM

Quote from: Jating on March 26, 2022, 05:35:44 PM

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Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

I am also expecting a major sell out in the meantime by institutional investors who entered the market well before the halving and whenever we see a pump in the market i feel like they will be booking their profits and i really do not think that they will dump everything all of a sudden and they are booking their profits strategically. I am curious to see how long this push will continue before going for a correction and then repeating the same process over again.

Yes, maybe testing the liquidity again that's why the prices really dip after reaching all time high and now we are seeing the same pattern. We reached $48k but slowly, the price is coming down again to the $45k'ish. So obviously the sell-off has started already so I might be right by saying that the market doesn't look good and I'm not comfortable with it's run to $48k. Someone is playing again and taking advantage.

And that's why I remain to be at least bearish this year and not expecting huge runs and price going below $40k is to be expected.

As you have said, there could be pressure now, as the price didn't have any push to reach $50k after going as high as $48k this week.We all know the news about Terra investing huge amount, and then there is the war in the background. So too much is going on inside and outside the market that can affect the price, so we should always be wary of it.

Jating

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Quote from: eaLiTy on March 26, 2022, 06:46:16 PM

Quote from: Jating on March 26, 2022, 05:35:44 PM

~
Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

I am also expecting a major sell out in the meantime by institutional investors who entered the market well before the halving and whenever we see a pump in the market i feel like they will be booking their profits and i really do not think that they will dump everything all of a sudden and they are booking their profits strategically. I am curious to see how long this push will continue before going for a correction and then repeating the same process over again.

Yes, maybe testing the liquidity again that's why the prices really dip after reaching all time high and now we are seeing the same pattern. We reached $48k but slowly, the price is coming down again to the $45k'ish. So obviously the sell-off has started already so I might be right by saying that the market doesn't look good and I'm not comfortable with it's run to $48k. Someone is playing again and taking advantage.

Baofeng

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Quote from: Sir Legend on March 31, 2022, 12:20:32 AM

Quote from: Marvelman on March 27, 2022, 08:57:09 AM

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

I believe we will soon leave $40k to fly higher, daily transaction volume continues to increase and more and more countries are legalizing bitcoin makes us optimistic that by 2022 bitcoin price can reach at least 2x or $80k, focus on continuing to buy and don't sell when losing is the best strategy we have to do.

We are now settling down to $45k, the price that we should look at right now because this seems to be the common ground for now, not $48k and obviously not $50k.

If this didn't hold for the next 2 weeks, I'm expecting a gradual pull back again and we could retrace to $40k. So hopefully we can have the $45k support holding because it seems the pressure to sell is here again.

Sir Legend

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Quote from: Marvelman on March 27, 2022, 08:57:09 AM

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

I believe we will soon leave $40k to fly higher, daily transaction volume continues to increase and more and more countries are legalizing bitcoin makes us optimistic that by 2022 bitcoin price can reach at least 2x or $80k, focus on continuing to buy and don't sell when losing is the best strategy we have to do.

Marvelman

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Quote from: darkangel11 on March 27, 2022, 01:52:47 PM

Is it already a bull run? I mean we are still in the same range that we were for months. In February we went to 45k and fell to 34k then went back up to 45k and down again and this is the third time we're at 45 so I don't see any bull run yet.

Yes, I think we are in a mini bull run from last month's low. From the chart, it is clear that this growth is much more robust than the previous two spikes. But yes, it's too early to tell since we still have to break through the $ 46k resistance. On a weekly basis, as long as we remain above the $43,000 support, the priority is bullish.

darkangel11

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Quote from: Marvelman on March 27, 2022, 08:57:09 AM

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

Is it already a bull run? I mean we are still in the same range that we were for months. In February we went to 45k and fell to 34k then went back up to 45k and down again and this is the third time we're at 45 so I don't see any bull run yet.
What catalyst are you talking about? We had plenty of catalysts like the EU voting against PoW ban, Musk saying that he won't sell bitcoin, oil companies like exxon mining bitcoin, new president of Korea saying good things about it... The market looks more bullish than it was last year just the price is being suppressed by traders.

Marvelman

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It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

bitterguy28

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Quote from: yohananaomi on March 26, 2022, 09:41:26 AM

Quote from: ?? on ??

As we enter Maret, I don't think the bitcoin price will drop below $40k again as the crypto market has rebounded and the bitcoin price has returned to the $44k level after the last few months of deep declines. However, in the last few days, the crypto market has started to weaken again and the bitcoin price has dropped to as low as $40k. But I'm sure if the bitcoin price will rise again at least it will reach its price target above $45k in the near futur.

Bitcoin price is indeed unpredictable and always changes quickly, but it seems that the trend for a correction to below $30K will not happen again (if it's below $40K, it's still possible) and is currently entering a trend to increase, although reaching the maximum is very difficult to happen. . yesterday almost reached $45K, but finally dropped again and is currently trying to repeat to break through $45K and hopefully it will happen tomorrow, so that by the end of March there is a possibility to reach $50K will be well, and we are waiting for good news is not it bad news that will make bitcoin slump again.

for multiple times Bitcoin price drops below 40k this 1st quarter alone so this thread is a complete failure from that perspective and also the value of Bitcoin rising and dumping from the beginning so indeed the unpredictable status and characteristic of Bitcoin is the same reason why this coin is the most trusted and most supported currency in crypto world because this can bring Profit but also can take capital.

buwaytress

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^ Not sure why it would be any different this week from the previous though. The strong fundamentals you mentioned (and more than that not mentioned) have all been creeping up in positive trends for years, with or without the market reflecting that.

I wouldn't even say we should not worry if March doesn't end at 50k like people seem to be getting the fuss on about -- the real worry is if we don't hold above this 40k support for the entirety of April.

Barely 12 days since we broke above 40k. I'd much prefer a full 30 days spent above it than 50k right now.

DOH!

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Quote from: Mankov on January 19, 2022, 07:50:35 PM

Why do you think Bitcoin will probably not going lower than 40.000?

It is still a possibility, but market behavior has many favorable signal levels to add value for institutional investors to accumulate, 38k-40k is still a low level for whales to take advantage of but I think the possibility This feature will be the exception. .. 40k is still well supported and i wouldn't worry if we end March with 40k-48k. The market reaction to bitcoin is slowly emerging. Just waiting

Quote

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eaLiTy

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Quote from: Jating on March 26, 2022, 05:35:44 PM

~
Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

I am also expecting a major sell out in the meantime by institutional investors who entered the market well before the halving and whenever we see a pump in the market i feel like they will be booking their profits and i really do not think that they will dump everything all of a sudden and they are booking their profits strategically. I am curious to see how long this push will continue before going for a correction and then repeating the same process over again.

DoublerHunter

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Quote from: Mankov on January 19, 2022, 07:50:35 PM

~snip~
Why do you think Bitcoin will probably not going lower than 40.000?

^ PROBABLY it will not.
No one will really know, we are just speculating the possibility that happens, it's been always BTC price is unpredictable.
I am not good at speculating using technical analysis, the common that I have used is a fundamental strategy which is sometimes relying upon news before you will have a better answer. So for now, it seems there is no good news around, and after this massive fall, there will be resistance and that is what I have got right now. BTC will remain unpredictable and no one really knows.

Jating

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Quote from: STT on March 07, 2022, 12:24:17 AM

Its become more possible we do search the lower 30k's. The close to this last weekly bar is quite negative and any further negative trade will push price action over the edge. We have to see but the lows around 38k need to hold now for any hope of a build higher, recovery or just sideways.
We are in a regular downtrend here, if we can simple hold this price level then it can eventually turn positive & that would be the time element in recovery prospects.

Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

yohananaomi

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Quote from: ?? on ??

As we enter Maret, I don't think the bitcoin price will drop below $40k again as the crypto market has rebounded and the bitcoin price has returned to the $44k level after the last few months of deep declines. However, in the last few days, the crypto market has started to weaken again and the bitcoin price has dropped to as low as $40k. But I'm sure if the bitcoin price will rise again at least it will reach its price target above $45k in the near futur.

Bitcoin price is indeed unpredictable and always changes quickly, but it seems that the trend for a correction to below $30K will not happen again (if it's below $40K, it's still possible) and is currently entering a trend to increase, although reaching the maximum is very difficult to happen. . yesterday almost reached $45K, but finally dropped again and is currently trying to repeat to break through $45K and hopefully it will happen tomorrow, so that by the end of March there is a possibility to reach $50K will be well, and we are waiting for good news is not it bad news that will make bitcoin slump again.

peter0425

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Quote from: Mankov on January 19, 2022, 07:50:35 PM

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.
3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

Why do you think Bitcoin will probably not going lower than 40.000?

Best that you put that word (PROBABLY) on the top because if not? then you are surely mistaken because the price drops from your post below 40k multiple time and even almost drops below 30k dumping to 33k recently .
no wonder what will happen in the long run for this prices but I am certain that the whole year will be like this continuously .

STT

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Its become more possible we do search the lower 30k's. The close to this last weekly bar is quite negative and any further negative trade will push price action over the edge. We have to see but the lows around 38k need to hold now for any hope of a build higher, recovery or just sideways.
We are in a regular downtrend here, if we can simple hold this price level then it can eventually turn positive & that would be the time element in recovery prospects.

Jating

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Quote from: ?? on ??

Bitcoin has been at a price below $40K and under $30K, if I'm not mistaken from 2018 to 2020. All possibilities exist and can happen even though we hope that Bitcoin can continue to be at a price that can benefit everyone who chooses Bitcoin as an investment.

Of course the last all time high as around $20k in December 2017, and from 2018-2020 we are way below even hitting the lowest low for the bearish cycle at $3k March after the pandemic was announce.

But there is one important event in the calendar that year 2020, the bitcoin halving, which for us is the catalyst for a bull run. So we don't have it right now and so many thinks that we will still go down below $40k or even under $30k worst scenario.

suzanne5223

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Quote from: Falconer on March 04, 2022, 12:07:56 PM

Quote from: suzanne5223 on March 04, 2022, 11:21:01 AM

Yes, Bitcoin never fell like a rock below its initial lowest price before the halving effect ATH market as you claimed but the market is full of possibilities, and the last time i checked the major investor of this current market is the institution which I believe most of them is yet to understand how crypto market works,
If the market replicates the old market correction/blood bath that always happens after Bitcoin halving effect market is over if the institutional investors panic sells their holding we may see the $10K price.

People are very confident about bitcoin's long term potential and therefore probably $10K will not be touched again after ATH $69K. I just think the bottom may be above $20K if the correction continues for the full year, and I think $20K will be strong support for bitcoin before hitting another ATH in the future.

Institutional investors, bitcoin whales, and panicked traders will quickly sway the price if supply is higher than demand. Obviously it will continue to be a determining factor in the price of bitcoin and in fact we never know what will happen to the future of bitcoin including its price. If you believe in good potential in the future, you just need to collect bitcoins now and whenever you can.

I agreed with what you said about Bitcoin experiencing strong support if it happens that it downtrend to $20K but I think we should be happy for the institutional investor enthusiasm level about the Bitcoin market which prevents the market from experiencing the huge market correction that always happens after the halving market.
Having said that, we're talking about the crypto market here where the impossible can help and a single statement by the FED could lead to the exit of the institutional investor.

Dave1

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Quote from: antmex on March 04, 2022, 07:37:07 PM

On my opinion BTC will go dramatically lower if it can’t hold this level. The daily chart looking horrible for me.
There was strong resistance around 44450 levels. It always failed to break this area and goes lower from here.
Look at the chart: https://www.tradingview.com/x/Zp5dgsf3
Of the red line will not hold, i think it will go lower. Let’s hope it found support again within this range.

Next stop will be $38k, we've broken the resistance of $40k already so there no point of talking about $44k or resistance above it.

Hopefully this will be the same like 2 weeks ago, when we dramatically lost the $40k support, the price seems to bounce back and hit $45k, so let's see, at the background there is still the noise of the war and hopefully we can see the price going back again despite what is happening in Europe.

antmex

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On my opinion BTC will go dramatically lower if it can’t hold this level. The daily chart looking horrible for me.
There was strong resistance around 44450 levels. It always failed to break this area and goes lower from here.
Look at the chart: https://www.tradingview.com/x/Zp5dgsf3
Of the red line will not hold, i think it will go lower. Let’s hope it found support again within this range.

Topic: ₿ not going below 40.000 (probably) (Read 946 times)