Topic: [POLL] Will Bitcoin dip below $40K? - page 2. (Read 533 times)

Previously many people expecting that 40k will be the strong support of bitcoin but unfortunately on this situation it's already broken and seems has a possibility to gradually decreasing more based on its circumstance. Perhaps many people will make adjustments again when it comes predicting the price because obviously the bearish still not finish to make correction. So i think yes my answer.

$5k drop in within 24 hours is not great, first the $2k pimp to get long traders interested
and then a $5k drop to liquidate them, thats how I see it currently.

Now the question is for sure how long do we stay below $40k? I would like to think if
we started moving towards "$10k" that id wouldnt get that far because of massive buy
pressure on the Bitcoin Super Sale and indeed there would be announcements from
industry leaders of their move into Bitcoin ^again

We should not always need a news to keep bitcoin over 40k. Bitcoin fair price should be over 40,000. Unfortunately, after a lot of sideways market bitcoin has gone below the support of 40k. Now this will become a tough resistance which may take some time to break. Overall the current market is very bearish.

Well, that didn't last long.  The clock is on...  The death cross is complete...  Perhaps we should change the vote to how long will the market stay under $40K?  I guess we'll let the 24 hours below $40K play out first before doing anything drastic.  Looking at the chart and ignoring fundamentals, it looks pretty clear the market will hit $10K before it hits $100K, if it can manage to break to new highs at all.  Hopefully the fundamentals continue to stay positive.  Maybe this drop will bring Tesla back to the table for accepting Bitcoin.  Maybe Apple will take this opportunity to jump in the game as well.  Maybe Saylor will issue some more debt and keep trying to catch this falling knife.  Starting to feel like Bitcoin abandoned it's community to focus on institutional acceptance, and now those institutions are starting to tighten their belts.  I hope that not swapping BTC for pictures of monkeys to be a part of a positive community doesn't turn out to be a bad decision. 

There were no fundamentals around like adoption or recognition which could might able to trigger out the market on having some possible increase.Its really hard to determine since this market

is already unpredictable in the first place and if we do stay for 40k for a while then so be it but its honestly frustrating because you couldnt know on when to get in or when to get out.

We cant be sure if the price would really make out some price increase or would continue to dip down further so this is where risks management differs.

If Bitcoin were to fall below $40,000, it would have happened in the first month of such a fall, in November or even December of last year. Bitcoin has already firmly fixed in price at the level of 41-43 thousand dollars, and its fall below 40,000 dollars seems unlikely to me. I think that after a certain time, maybe a few months, we will again see a good price increase in this market.

Seems like the market is fighting to keep it's head above water.  The $40K line appears to be holding fairly well.  We even seem to be in a consolidation phase now, which in the past has meant that an upward move is in the cards soon.  I think every day we stay above $40K, the odds of it falling lower are reduced.  At least until the mtgox coins hit the market and/or the ETH 2.0 upgrade unleashes billions of dollars in staked ETH back onto the market.  I find it a little hard to believe those events won't cause a massive reduction in market price of the entire crypto market, but we'll see.  Maybe spot ETFs will be approved in the US around that time to help suck up the excess liquidity.

I think we are still not yet off the hook. The price may have recovered a little from the brink of falling below the $40,000 support but it seems this little recovery is not to be taken as a sign that things are generally doing much better now. This might still be just a quick breather before the red candles will once again dominate the charts. We will see in the coming days. If the price will continue to rise little by little past $45,000, I guess we could say it will more likely attempt to break $50,000 than attempt to destroy the $40,000 support.

I would just like to point out that it is true what they say...  There is only 1 Miss Cleo.  That's how you know the poll is accurate.  Copied but never duplicated.  LOL

Oh what I wouldn't give to be able to give you a call and ask you about the Bitcoin price in the future Miss Cleo.  RIP.  I can only imagine it would have been a laugh that would keep on giving to the delight of everyone.

Question:   Will Bitcoin dip below $40K? (for at least 24 hours)
Yes   - 19 (67.9%)
No   - 8 (28.6%)
Who am I, Miss Cleo?   - 1 (3.6%)
Total Voters: 28

The whole Kazakhstan thing was a non-issue that market manipulators used as an excuse to dump the price otherwise if you check the average hashrate over the past 2 months you can clearly see that it is exactly the same 180 EH/S approximately. In other words we didn't even have a big hashrate drop to cause any panic!!!

Yeah, it seems to be that there is a rally going on up to this weekends, as we might find our way to $45k again. I wanted a $47k price because that's where the price is before the sudden dump to $41k, so hopefully we can achieved that this weekend.

If not then it's good as well, there seems to be a lot of buyers and maybe the whole Kazakhs issues on electricity has somewhat been solved and that's why the hash rate has started to recover as well?

I voted yes having take a closer look at the weekly BTC/USD chart the support at $40K to $42K look strong and price bounced back with reference to previous price reactions at that zone on my chart, it rejected the price twice as a resistance while rejected the price as a support once and presently the price had bounce off the support for the second time, I think that zone is an appropriate buying zone, of course the price couldn't break the support, it was rejected thus the price didn't dip down below $40K.

It is looking like the rally couldn't stay longer around $40k and has started on the high with today's bull run it is not certain whether $40k will appear in the picture any time soon. It couldn't break the $40k support last week and has picked up a rally afterwards.  Buyers are moving in and that helping to drive more volatility.

It wasn’t really capitulation.  It was more like manipulation to shake off weak hands and liquidate some longs before the big dudes start buying it all up for themselves.  You know..  The usual.  Lol.

So yeah, here we are, almost like it’s playing out just like July last year.  I’d expect everyone to feel great and go say ‘the bottom is in’ but no.  It could go touch 40k again and by that time let’s really hope it holds.  The moment it doesn’t is the moment some huge holders could start to capitulate and then we’d see 30k tested.  IMHO.

Hardly anyone these days reacts to what Bill Miller or Michael Saylor will say no matter how much money they invest in Bitcoin. If, on the other hand, one such statement were given by Mr. Mars or Mr. Microsoft, I’m sure the price of BTC would jump by at least 20% in less than 24 hours. If you meant this statement, then the effect was completely absent because the average Joe has no idea who Bill Miller is, regardless of whether he invested 50% or 100% of his wealth in Bitcoin.

I have the same thoughts as you, yesterday I saw Bitcoin below $40k, today it stands again at $41k, fact it happened yesterday, I assume more $35k in March and August 2022.

Changes keep happening day after day, my guess is strong Bitcoin will fall to $35k.

The price dipped it’s toe below $40K to test the waters. It was on decent volume so that’s the closest we’ve seen to capitulation so far on this bear market run. We’re about to see a death cross in the market, with a likely target of $34K should the death cross pattern hold.  I think we’re all hoping for a rally here, but it may be wishful thinking. Hopefully today’s Bill Miller statement will get some other big money on board the pump.

What do you mean there’s no right or wrong answer?  This isn’t no art class.  BTC can def either go below 40k USD or not.  And yes, it def did this time.  So now let’s see if the momentum going down continues or if it goes for another bounce...  I’d say if momentum going to 30k builds, it’s prolly going to bounce from 30k to 40k then go back down.  If it bounces from current range, it could go bounce to 46k - 48k then go back down then trend back up.

...  Hopefully it’s the latter, not the former.    Cross your fingers.

the length Bitcoin is moving downtrend it may not get to exactly the point or angle were people are expecting to reach, the prediction of people, when you look at the chart you get the pre knowledge or understanding that bitcoin still have enough courage to elevate again.

that is assumptions, let us believe strongly that latest it will approach 40k and return to normal, but it's out of fear and wrong predictions by Twitter social media influencer that's making people to think bitcoin will go below 40k, really the movement of bitcoin to down value really makes some of the investor to step aside via investment

it's exactly what we have to know, because many beginner investors today acknowledge some elements of untrustworthy sites of social media predictions of cryptocurrency and more especially bitcoin, let us base on what we practice, from my perspective i will let holders to know that they should not be in panic because bitcoin can not move below 40k rather it standpin to 40k level until it accelerate to another stage of increment

everyone have it's perspective, their is some people that justify Bitcoin immediately it downgrade in value, so immediately their is involvements of degradation in cryptocurrency market domination, castigations will began, so those people can escalate negative information of bitcoin circulates around the world.

Like majority , I voted for Yes as lowering for 24 hours to below 40k can happen any time now but of course the price is still struggling to climb back to at least 43,000 because multiple time today the value goes 41-42k .
i think what OP asking is will Bitcoin price lowers in below 40k for at least 24 hours , and i think this may come .