Topic: [POLL] Will Bitcoin dip below $40K? (Read 543 times)

The scary part isn’t that we went under $40K, the scary part is that the reason why wasn’t because of either upcoming event that I mentioned above. The ETH2 upgrade is going to flood the market with ETH that is highly in the profit (lots will cash out), and the mtgox coins still haven’t been distributed. When they are, we will have double the sales pressure we just saw from the Luna Foundation Guard. Hopefully we have an ETF in place before then or things could get messy. I will still not be surprised if we see a $10K Bitcoin, but I’m hoping we don’t ever fall below the 2017 high because that would be a catastrophic change in the fractal pattern we’ve come to know and love.

Sounds likely we can't reach much higher prices soon. 
Bitcoin crashed hard and we are luky to see a price resistance above 30k and Bitcoin will not crash even more.
It's very difficult times for Bitcoin and it wasn't even caused by Bitcoin!

Nah, there will be no attempt to reach $42k next month. Just look at the current price, we are in $33k, and it the downtrend continues to $32k'ish, I think it will really signal that officially the bearish cycle is here to stay.

So what that this mean? Well, for one, we should accept the fact and not to think that we will have a bounce back this year, this might be 2018 all over again, wherein we've seen not just bitcoin but the rest of crypto suffers and experience a downtrend.

You were right, Bitcoin is now under 35k USD.


Correct, Bitcoin is very volatile and because Bitcoin is very volatile, we should avoid TRADE. Trade is very high RISK and can result in huge loss.
We should avoid it because trading is line gambling. Price can go up, price can go down. Nobody knows. Trade is huge risk!

For Bitcoin, we should HODL. HODL is very good because of Bitcoin's fundamentals. Bitcoin is a capped asset and really, really scarce, which has caused an increased price over time. We just need to be patience!
HODL is a very good strategy and working very well for Bitcoin.

We should look at Fundamentals of Bitcoin.

The price of bitcoin was below the average price of 40k dollars.Now the price of bitcoin was 38k dollars,since it’s good time to inverse your money in bitcoin.Now the economic crisis make the huge fall in the bitcoin price.And same is the reason for the value bitcoin we are getting at very low price.In a June month the price of bitcoin will cross the value of 42k dollars for sure.

I guess no one can really stop the bear market, even those good news that you mentioned are not enough as we faltered again below $40k and in the danger of seeing that it can go down even further at $35k at least. Hopefully though it can bounce back to the support level of $38k and slowly gaining back that $40k again.

True is a scarce asset, but very volatile and goes into a cycle (bull and bear).

Looks like people were right, Bitcoin dipped below 40k USD for many times and is still below it.

It turned out to be a very bearish market despite announcements from 2 countries to support Bitcoin as official money.
Time to go up for Bitcoin but nobody knows if and when. 

Because Bitcoin is a scarce asset, we should see it go up at some point. 

Who would like to see a bearish trend? but this is the market that we live in, it's on a cycle of bullish and bearish trend. And we have enjoyed the last great run we have in 2021 wherein we reach new all time high. But it is what it is, bitcoin is nowhere near $69k. On the contrary it is struggling to even get to $40k. So it's better to prepare for the worst, and we are indeed into crypto winter already.

We are all quite aware that currently both bitcoin and all altcoins are facing their bearish season. I guess we all should prepare our minds for the worst case, but even at that I personally would not want of to go down. We also will wait for the bullish season to happen in near future. Yeah, this bearish trend is not the end of world; definitely this also will pass away how the strong built by bulls which happened last year are sliding down slowly and in similar manner, we can see bitcoin is going to recover and will trade to new heights certainly. Not getting panicked right now will help all bitcoin holders according to current market conditions.

The market is sliding down faster than most of us expected and if this price crash continues it may land us in the 20k region which is the nearest minimum I think the market will fall back to this year,  the question is what is the market resistant and the availability of liquidation that will help give Bitcoin price some level of stability in this season.

at least you are talking about 50k and above when we are now in below 40k and coming near to dropping down below 30k and this is not a good sign for the bullish market that happened last year .
 
just in November Bitcoin recorded another High so now here we are struggling to even break 40k again.

if this will continue then yes we can see downwards more this year or before 4th quarter.

I do not think that bitcoin has ever been the same thing for the whole year ever before. In 2017 we started with like 700 and finished with 12-15 range or something, seen 20k in the way, in 2018 we started with that amount and finished with like 3.5k, in 2019 it ended with 7k, in 2020 it ended with 30k, in 2021 it ended with 40k with 68k ATH meanwhile. So, it always moves around, it always have different movements, I feel like we are going to see big differences for sure.

I feel like 2x is definitely possible, ending the year at around 80k and maybe test 100k but definitely fail. That will be so cliché for bitcoin, being somewhere close to 100k and not go above it, or maybe like 101k but then crash big time to 60k suddenly, that would be so realistic and something that bitcoin would be very well known for, they are all possible.

The price now needs $4k to go back to $40k so I think it will be back to $40k in 2022. Maybe it will be back in the next month or so but before that, I think the price will go up and down to that price more often before the price increase back. But I am not sure if the price will fall to $10k shortly because that can trigger all of the coins to the lowest price and make most people panic and sell massively.

If the price still goes down below $35k, people can lose their beliefs in bitcoin and sell their bitcoin before the price reaches the bottom. But that will be the golden moment for the investors as they get the best price to buy bitcoin, especially for people who already sold their bitcoin at $40k-$50k so they will use that moment to buy more bitcoin.

Indeed. That's what all people are thinking about. I think there is always a chance for Bitcoin price to increase again above $40k. But I am afraid it will have the same scheme as before. I still remember when Bitcoin price tried to survive above $50k. When it already dropped a long time below $50k, it is hard to increase again above $55k. Finally, as it failed to pass $55k, then it dropped more below $50k. It also may happen in the current situation, if Bitcoin price failed to increase again above $45k, it probably drops more below $40k.

Looks like we've still got a few hours before the 24 hour dip below $40K is complete.  At this point it looks extremely likely that will be the case.  I guess the questions after that are if it will get above $40K again in 2022 or maybe if it fall below $30K...  What are the thoughts here?

Personally, I think a retest of the recent low between the double top seems rather likely.  If that doesn't hold we'll fall straight to $10K. 

At this point I think it might be irresponsible for longtime holders to have not cashed out something at >$30K levels.  I know I wish I had cashed out a little more during my last sale at $57K.  With everything sinking like a stone for the last 90 days, you have to wonder when the pain will end.  At this point a dead cat bounce would be welcomed.

The people have spoken, seems we went in a direction both feared but predicted and expected by a majority.   Not sure that helps us in recovery or not.

The price did test upwards first but not in a substantial way, I would expect us to stay downwards with greater confidence if we had tested and failed the 50 day average for example.
  We are testing downwards right now, Im not sure if we have broken range down or not just yet.
                                                                       

Does not happened to the last 24 hours from your posting but did happen several times after , like today we have already return down to below 40k and still struggling to return back meaning this will be on this level for the next following days or weeks?

But what I am afraid more is to see this kind of market this whole year  .

it does not , couple of times that 40k level has been broken and falls to 30k level .

You are quite optimistic and there is nothing wrong with it. You are thinking the same as other investors out there including me.
I thought that this will be the scenario as well but it seems that it isn't right now. Though I'm ready when this kind of thing happens, I'm leaning more on the bullish perspective and hoping for Bitcoin to go higher in the next days.

Now we are seeing another red day for the market and I'm thinking that this "might" be the start of the bear market because breaking the psychological and strong support of $40,000 is a sign of weakness and increases the chances of a bear market. Lets wait if this will end up as a false breakout and will go back above $40,000 in the next few days or will it go lower. Just be ready when the bear market starts. Brace for impact

No point in voting now,,, new poll should be whether this last 24 hours, 7 days or 1 month. If it does not break to 40k again within January I fear we should all already admit defeat and this is the new bear cycle to last until the next halving.

IT is not that I am trying to sound defeated,,, just that we have to accept at some point the cycle is restarting right?

Oh crap. I voted late and even made a mistake. I picked NO for an answer.  
I was not checking the price for days and I also am expecting for Bitcoin not to go down the $40k resistance, but it did. I guess it's time to take out my cash and be one of the many buyers that is waiting for this moment. The entry point. I don't think this price below $40k will be long. Just my prediction and my instincts.

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 .

EThereum is nearly falling below 3k as we can see that 16% drops for the last 7 days and also not increasing good for the last 24 hours(though there are 1% increase for the 24 hours)
that will never happen again, bitcoin fell down to 4k in 2020 because of covid19 but made an increase more than x15 in the next year so i doubt that 10k will ever be a bottom .

then thanks if that will happen because at least believers has a chance to buy more.
almost there , lets observe this whole week as this is very critical.

We don't know yet but if the pandemic worsens and the US unemployment rate steadily increases, we might see something happen to bitcoin prices. I do hope that it will go up right now after going down and steadying for a long time. I don't know how many bitcoin's I have in store but hopefully I have a lot to get a big profit when the prices starts climbing again. I tried to vote on this with my friend and we did a friendly wager and I won the bet because I know that there's going to be a strong support when bitcoin continues to go down.

Currently looking at the results, it seems that 2x as much people, basically 66% as opposed to 33% think its going to drop below $40K. And if you go to the mining section of bitcointalk, you got miners panicking that ETH is going to break $3K and they will make half of what they made a couple of weeks ago.

All over Twitter people are saying they are going to buy bitcoin at $10K. And even that Peter Schiff Gold guy is saying bitcoin is going to break $40K, then $30K, then $20K, and eventually will go to $1K.

Since so many people are bearish, I think maybe the bottom is in.

Considering that people vote based on their desires not their sentiments you won't ever find the sentiments or be able to predict the market. Basically there are a lot of people who "wish" the price drops more at this point so that is what they are voting for, but that doesn't mean they are going to do anything about it though! For instance none of them would dare short bitcoin even if they assure you on the internet that price is dropping more.

In any case, my opinion is that it is not possible to say at this point. Price is already lower than it should be and as I've aptly named situations like this we are currently in a Reverse Bubble and just like regular bubbles it can grow in size even though it is unnatural.
One thing is guaranteed though: the bubbles always burst.

Well it's good to see the price holding at $40,000 levels, but for those who voted that it will dip below that price, maybe it's because of the prevailing sentiments. Short term I think the feeling is that the price will go down below $40,000 or at least that is the consensus. So let's see how long this support will hold, if it breaks this week then we have to accept and then buy at that dip. If not, then still good for us, but we should be ready anytime of a price dip, IMHO.

Well, it did go pretty close to $40k, luckily it didn't continue down and went back up by a bit. Still though seeing the current state, it isn't that odd why most people are expecting the price to go below $40k, the general trend recently has been quite bearish after all. I myself am a tad bit bullish but well, that's for the long term. Wouldn't be odd to see the market go below $40k levels, I might turn a bit bearish tho if we ever go below $30k in the short term.

So at least the 24-hour limit has passed without the price of Bitcoin dipping below $40,000. Bitcoin is holding on tight to $40,000. It seems it is a pretty strong support. I don't know how low could the price of Bitcoin get if the $40,000 support is shattered. There is enough reason to believe that there will be many times from now that Bitcoin will once again retest the strength of this support. I hope it will stand strong until the recovery finally happens.

mm hmmm ...

i was thinking that how people get tired looking at the crypto market that thesedays seems not really as interesting as few months ago.
stuck with no further progress, no breakthrough ... just a plain market and at the same time people heard about how the traditional stocks trading getting zippy , so yeah we are eliminating fake crypto enthusiast which its good.
they are back to where they belong and we might will have a healthy market after this waves.
$40k or even harder lower! of course.

Luckily, it didn't dip below $40k.

That only shows that we've got the support.

But if we're not going to time it and put a limit on it, very likely that we might see it go below $40k. It's only a matter of time and if it won't be recovering back to $43k since it hasn't broken that wall there.

We might see it below $40k.

The thread was created 2 days ago and it said, Bitcoin will go down after 24 hours but yet, it didn't happen.

Sad to say most of them voted yes, it seems they don't have faith in Bitcoin price that will spike this month presumably.
I voted NO, even though we know that the price is unpredictable but I don't see any sign that Bitcoin will go down and consider a dip situation.  I have a fundamental analysis and it seems it's a positive one and I think Bitcoin price within this month will resist and create a short bull run.

Not in 24 hrs maybe, but it will eventually dip below 40k.
Just like you said, there is a huge buying demand below that number.
If we have entered the bear market, $30k might be the bottom price, but a 40k buy is gonna be a good price to start with.
In the next coming years, Bitcoin would most likely to hit the 6 digit figure, and that will be a very good return for those who buy at this current Btc price.

Yes in my opinion.

Historically bitcoin bear markets have seen drawdowns of 60-70% from the peak of the market cycle, so right now I think that there is still some way to go.

It would be very wise, however, for anyone looking to get into crypto for the long run to get in at a price below $40k. You have very little downside but tons of upside potential, and the next halving cycle is just 4 years away.

40k is not that far away right now, dropping under it wouldn't be that shocking. I considered 30k honestly, would it go under 30k? That seems like a bigger question in my mind because we can go under 40k and still not be too low, be 39k and that is nearly same as right now so there is no problem with that.

However, reality is that 30k is a lot different, if we are at 29k or so then we are looking at something that is a lot more dangerous and recovering could take some more time. Obviously it may also not mean anything, either of them, we could drop under 40k and be 60k+ in a month, same goes for under 30k as well which we already did last year. Which is why we could feel comfortable no matter what happens, knowing that it has the capability of recovering.

I always advise people to ride with whatever momentum the market presented because we're the season where did hard to tell what the market next trend will be.
Will Bitcoin dip below $40K? (for at least 24 hours)?
Yes but only if the Bitcoin market replicates the previous market huge correction we always see after the ATH price market.

And maybe the community is right as well (again?) in analyzing how the market will move for this year so it might be a bear market (and that's what I voted too).


I guess it's not the magic number for now, it we go to $20k-$30k is the real test how resilient the market is going to be because it's going to be very tough to see the price reverting back to that levels and that will be -50% higher than the last all time high.

The sentiment I am getting from the community here is that there is not much optimism,
its almost like everyone^! is expecting a sub $40k dip, I voted YES purely based on
the above and because I expect it to happen.

...as to what happens after that event is another question?

Yes we will drop to the median after the latest candlestick bull run, but of course will return to a new ATM in the next year or two.

We will see bitcoin to go $40k but to be below $40k in at least 24 hours, I am not sure because so far, the price is still strong at $41k, although if there is bad news coming in the next few hours, can impact the price to go down. We do not want the price to go down below $40k but if that happens, we can not do anything except try to buy as many as we can. Hopefully, after the price reach below $40k will bounce to above $40k and still increase so there will be a golden moment for us to buy at the lowest price as that time will not come for some time. But we'll see it later.

Yes,the price will go below 40K USD.
The sellers will keep selling,while the buyers will keep waiting for a lower price.
There are no bullish news and more FUD news are flooding the mainstream media recently.
The global financial markets will be going down,due to the Omicron hysteria and the high energy prices in Europe and Asia.
I hear rumors that the Delta and Omicron waves will merge into a Deltacron wave.The mainstream media and the governments will keep spreading more panic and hysteria.
The Bitcoin price will start growing after the covid panic is over and after the majority of the crypto traders finally start buying the dip. 

The answer is yes, if there's no limit to the timeframe, but I'm assuming we're talking about the foreseeable few weeks, in which case I think 40k will be tested, broken, but not for a full 24 hours -- resulting in what I hope will be a significant bounce that carries off with momentum into another test of $50k.

That's my optimism at work, though. Miss Cleo's otherwise where my money should be at.

I voted for yes, may reasoning is that we are really in a bear market.

And we all know that the price will really crash during this time and we are almost in the brink of ~$40k. Of course, I don't want the price to go below $40k, but it might be inevitable as the market works in cycle and maybe we are in the new one (bear) so just prepare for the worst and if you have some money ready, then you can buy at this dip.

Yeah, $40k to $41k must be a very good psychological support level which will hold strongly among whales manipulations. I have seen such similar market situations in last six years and all those times, external news triggers decide the direction rather than market technical.

This is the power of psychological things over manipulators. I believe the bottom of 2022 would be around $39k which may happen only for few hours to grab.

I agree with this. RSI is oversold, Fear/greed index starts to looks like during july 2021 dump (right before 29-69k pump) means there is not much more to go in sounth direction. We may see final flush after (if) breaking 40k but I dont see an option that it will not be bought and drive above 50k to kill shorts, humiliate panic sellers and chill indicators before next bearish attack (if we will see another one).

I don’t think $40K is really significant. A better figure would be breaking $30K or at least last years low or breaking $20k which is obviously the old ATH.

Right now people are very bearish so you might be right and $40K might not actually break. However going by the trend it looks like it’s very bearish and there is no reversal signs yet. So we obviously might break $40K before bottoming and heading higher.

I do hope that you're right because that way, we can filter out whether we're going to see a lot of people back out, and I really want it to go down because I have some spare USD in my account that I can use to buy bitcoin and hopefully at a discount price because I want to get as much profit as possible.

yes, just for the sake of checking the sentiments from people here .

i believe we will hit below 40k but it will bounce back. anyone can give their own predictions on this market. so there's no right or wrong answer here. and even if it will dip below 40k, still it is still way above the price level of btc just before the pandemic.

There seems to be good buying demand below $41K, but the market keeps wanting to drift lower.  I'm wondering what the market sentiment is on these boards as we appear to be fighting the upwards trend line and heading into a bear market.  What do you think?

Will Bitcoin dip below $40K? (for at least 24 hours)

Yes or No?

Go ahead and vote for Miss Cleo if you don't have a strong opinion either way but still want to see the results.  Consider it the unsure option.