Topic: Will bitcoin go below $40,000 - page 4. (Read 835 times)

the support that has $47,000 is very strong, people are showing a lot of interest in buying in that region of $47000, if you want to think of  $40,000 first the price must break  $44000 and then the price must break the strongest support that this is between $41,000 and $42,000, I doubt (I venture to say that it is impossible) that the price drops to $40,000 m we will never see $40,000 in my opinion. the price will stabilize above $47,000 for many long years

No time frame was given by the OP so technically the answer is yes, we can see bitcoin below that price range. The truth of the matter is that bitcoin can't stay this high forever without experiencing some setback as these setback could be opportunity in disguise creating room for others that haven't gotten on the train to buy in before we moon to 6 digit price figure.

Irrespective of how long we go, that if the previous all time low is put into consideration we would hardly see bitcoin trading below 20k and many will come to accept it. The new highs can easily be retraced without much effort especially when there's fud spreading around the community.

I don't think so, look at the market today bitcoin has returned to $53k, I think the bulls will come back again in the next few days or weeks, because currently bitcoin is still at its lowest price it hasn't reached its peak, I'm sure this year bitcoin will be able to reach the price of $100k or Even more so, it's not just me who predicts this, lots of analysts also say the same thing, the most important thing now is to take a buy position if bitcoin is corrected because in the future we may never see cheap bitcoin prices again

$ 40000? yeah soon it will be hit, but for now the bitcoin price will still be bullish until it can be above $ 70k and maybe after that the price can go down, yes we don't know for sure the peak of bitcoin prices later, the indicator of fear and greed in a long time frame indicates that greed dominates , of course, from this indicator many people believe bitcoin can be above $ 100k, and this will be a danger, keep trading according to the plan you have, don't be greedy and don't take the wrong steps.

It's easy for bitcoin to dump below $50k as we have already witnessed it, the trend is back to bullish, so we might see a $60k price soon than the $50k. That's how people react, they usually follow the trend that's why they usually makes mistake, I'm still a bit worried about the recent price dump, and I think this minor recover might still lead to price rejection and might result to the further dump.

It still seems bullish but not to the point that we see it in the past few months. The sky rocketed too high that the price now falls maybe just fine to give some room for others to buy back or start the btc investment, the question will upto how much seems no where to found below 50k.the resisnce still changes whenever it reaches such point since there are already institutional companies involved in crypto that will not let their investment goes too low.

Price of bitcoin at the time of this post was $53,518 which is still showing a strong resistance against falling. It rose after touching the area of $49,000 but started an upward movement around the weekend. I have seen many speculating for a fall of price but bitcoin looks more bullish which is a sign for more running in bull because the institutional investors who have higher portion of bitcoin are not dumping.

After observing the monthly candles, I feel a little hesitant to say that bitcoin price will again form a new ATH above $64K as there is still a chance that the big sell scenario will last several month from now. This is just my personal assumption, although we can take advantage of price fluctuation but it's best not to buy to save in the long term. Whatever I think now, it's still possible to see the fact differently. Institutional investors' interest in bitcoin will be quite influential.

Yeah at some point I think you can see a dip in the 30s.  After almost every major spike and plateau you see a lot of profit taking which causes those pullbacks.  I don't see any change here.  We went from $3k ish last year to 60k this year.  There is a lot of people in the green right now waiting to take some of that back in.

The correction has now been completed and recovery will soon be achieved with prices returning to $60k or more.

While the downturn was taking place there were still many continuing to speculate about bitcoin where they said it would be lower by $30k while others waited for the lower price to be ready to buy more because they knew this decline was only corrective and could be recovered, while those who had. buying at $49k is already starting to see a bright spot where bitcoin will cross its previous highs on ATH.

The $70k target will be overstepped soon.

I hope so that Bitcoin will move steadily until EOY but there's a lot of falling knife in position already by institutional investors that has a inflating of holdings during this pump and dump market. I'm sure they set a threshold price on when to sell there holdings to guarantee profit. 1 institutional investor like microstrategy is enough to dump the market since there move will cause a ripple effect. I hope that they really hold for a long period of time.

A lower price on one day isnt a reason to sell exactly, its a feature of retail markets especially or consumer end prices where people react too actively and it becomes a phenomena that prices are especially volatile and thats true of BTC I think.    We will go under 40k I will still argue that after todays 10% rise because one day down or one day up doesnt make the trend or overall reasoning.   We have enough reason to test lower prices, establish volume and then form lows.
   The overall guidance you have best might be the strength of dollar which I think will spike sooner or later but in general its not getting stronger relative to BTC, its probably continuing to weaken over years but also I expect erratic disorderly markets.   That last phrase is the magic word for FED to lose their **** and extreme things happen which in the end is best summarised with further plain dollar cash value losses, more QE type action.   Its very unlikely we get 10% interest rates which would be a proper sell off in many assets including BTC I think.   Anyhow what is most important is that development in BTC and crypto overall is progressing positively, base line relies on that and froth is people getting too hype short term when its going to take 2024 or more to advance properly imo.

Haha, it looks like the predictions have come to fruition.  Bitcoin is down $ 47k, and it still has a friction at $ 45 but no, it looks like the addiction took the market abruptly and moved earlier.  With all the information I have heard, the scarcity caused by the delay in mining will cause bitcoin to spill over supply and demand.  It will put pressure on the price of bitcoin and that pressure could help us embrace a new ATH.  But I don't think the market will rush forward, but will move steadily towards the end of the year.

currently bitcoin price is still in a fairly positive trend so it is unlikely that the bitcoin price will fall below 40K, now the way forward is quite favorable for Bitcoin in my opinion, because we have seen if the bullish flag starts to form again, so that can help bitcoin to find price momentum again to get back to $ 60K, but of course that will happen if bitcoin can cross the $ 55K wall in the near future.

More buyers have come and bought bitcoin with cheap price. Observe the chart and you will see that the price breaks the accumulation zone (rectangle shape) where investors tend to collect bitcoin from seller. In this zone, I believe that who ever sold bitcoin at $60000 has already bought a lot back


Hence, the price of bitcoin will return to $60000.

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Correction is getting bigger and bigger after each time. Monthly chart demonstrate 6 green candles consecutively. Soon, there will be a huge sell-off which can be determined as a reversal.

It is just a warning. Bitcoin is still in a good condition for us to buy

Bitcoin will go below $40,000

Athough we are not sure about the possibly situation towards with bitcoin still we should look at the bright side on the past incident, the current price recovery is a big lesson needed to learn by newbies since they can actually look at it as strong basis that they should not get afraid with the dump since bitcoin will pump up after the storm.

Well, we cannot deny that it is possible since Bitcoin is somehow unpredictable after all. However, looking up to the current price it now rises up on $53k, though I am not sure this will continue, I guess the market is now slowly recovering after a deep correction. Now I felt bad for those people who have weak hands and sell their holding believing that this bull cycle is now over. Anyway, even if it showing a good bounce-back we shouldn't be overweening because we still don't know what's gonna happen.

That's how volatile the market was, it's hard to predict all we can do is to speculate and hope that our call

might come true, there are many big players around this business some might wants to shake the market

and collect those cheap coins that may sell out, while others are not comfortable and wanted to hype it

up to bring more investors inside.

The last time I check the coin market cap bitcoin price was below $50000 well it was $49,700 to be exact. At first it convinced me that bitcoin may now entering the bear market and probably it might goes lower than $45000 but now upon checking the coin market cap bitcoin was already back at $54,000+ so it convinced me too that bitcoin wasn't yet at the bear market. It might be a price correction but to be honest from the ATH of bitcoin this month of April which hits $65000 down to $54000 was a quite a large difference.