Topic: Will BTC go back to $40K - $30K range before a bigger rally? (Read 1084 times)

A return to a lower range is my thinking not in absolute certainty but possibility and fear of this exists in the price right now.   Immediately we have a bullish potential scenario to play out but if that should fail and also we break out the range or rectangle the BTC price action has been in for months then yes the trajectory is downwards for sure.


Here at 60k is your trigger point for a negative conclusion.  Its not like a gun going off but more like a fuse, if we cross 60k and nobody puts out that fuse just by time we will correct downwards.  The reasoning would be multiple on many points but mostly you can conclude over much time we had resolved downwards.  52k is the first Fibonacci level after 60k as a downside target price point.

Really hard to tell whether that $57k is already the bottom before we would really be shooting up on price on which we know that it is really that hard to predict as always on what price would really be at the bottom or not.
MArket sentiments and history would really be something that would really be checked every now and then on which we would really be tending to make out some comparison on which its a common approach that we do have.People who had been saying about those 30-40k ranges are the ones who had been hopeful that they would be able to enter with those dips or price entry. Those arent that just an empty guess but rather its been an analysis that they had been able to drawn out when using up those technicals but of course we do know that TA's arent that precise.

For those who had been that anticipating that there would be drop then they could really be that right or wrong. We are all speculators on this market after all.
Whether we would be having that bearish or bullish approach then there's no one could be able to hit up the right spot.

Lowest we got is $57,000 if I'm not mistaken. Now the market has bounce back to $63,000-$64,000, and with that, I think that we might be on for something big with this kind of movement specially right after the halving.

But for me, sometimes it's good to see that even in a bull run, price will have to go down and then as traders, it's up to us whether we get nervous push the panic button or decided to be a diamond hand, just continue to buy and accumulate and HODL, it's our choice.

No, I don't see Bitcoin dip to $40K - $30K range before any price rally, currently price might  pump a little before dropping to $50k. Then I can anticipate a pump though we can't really predict for now, we just accumulate more and allow the market do it thing. But price will not dip to that range OP.

most of the person that make a prediction for the price of Bitcoin they are just speculating they are just guessing because if they are not guessing I think they would have invested much in Bitcoin knowing that time they will make a mega profit for cryptocurrency investment mostly Bitcoin so that is why we need to understand the procedures of Bitcoin, so I don't know for others who make their own prediction of Bitcoin

Thank you very much for your valuable reply. For your information, let me tell you that I bought Bitcoin at the time when Bitcoin was at $16,000 and of course,  the bitcoin bought at that time haven't been sold yet because for me, Bitcoin is not a daily profit and loss asset, but for me, Bitcoin is a future investment that I would like to hold for another four to five years.

However it is very important to know that BTC will go down further or up from here, so I always like to get opinion from senior people like you that's why I ask and the more one asks the more one learns there is nothing wrong with that, in my opinion.

I will be more surprised if bitcoin go below $40k again, considering hongkong ETF, now australia ETF, i don't think its not gonna go down that much. otherwise it will be disaster, also due to easiness of investing these days many investors easily buy bitcoin whenever it dips like recently it dipped to below $60k, now it is recovering back to $60k, the market is strong even with all the whales dumping other people gonna buy it.
bitcoin is the trend, after the news of hongkong ETF other country will also approve the ETF its matter of until other country start following then entire world wide will just follow the path because some countries are too afraid to have new things
even more apparent when its investment where people are putitng money on these, but be assured that bitcoin will eventually get massive acceptance across the world.
that day even seeing bitcoin sub $100k might be impossible.
even right now there are many altcoins trying to get approval of ETF as well, crypto market will have huge market cap by then.

Yes we have seen, bitcoin market corrected but upto 74 thousand dollar maximum. When the market reached $74,000, we knew very well that the Bitcoin market would reach $80,000 before the Bitcoin halving, but instead, the market began to decline. Currently the market is close to 50 thousand dollars.  However, many are predicting that the Bitcoin market may fall below 40,000. However, given the volatility of the Bitcoin market, it is not possible to make a good prediction at the moment, but I still predict that the Bitcoin market may not fall below $50,000. It is also estimated that the Bitcoin market will grow by 2024 and reach a peak and all-time high price of $100,000. But currently the market is in a position to invest, those who have not invested can invest because they may not get such an opportunity.

I have also this feeling that bitcoin will not reach again the range of $40k or  below. Although the price correction won’t stop here, but most likely it will be at $50k range and then rise up again to $60k until it slowly move upward and touch $70k again. This is not new anymore especially that we are now at post halving, price may drop drastically but eventually it will recover afterwards. As long as we don’t end up with panic selling, then we aren’t still at loss. Patience will be highly tested these days so let’s be tough and strong during these days.

Probably Bitcoin isn't going to head to 40,000$ before the next big rally. The news today are pretty good for Bitcoin, what influenced its price to go back to 59,000$, almost reaching 60,000$ once again. MicroStrategy has announced another recent investment batch in Bitcoin, having acquired 25,250BTC in the first trimester of 2024.

Moreover, BlackRock Sees Sovereign Wealth Funds, Pensions Coming to Bitcoin ETFs. It means there is more money coming into BTC market soon, what can push the price to a new ATH, added to the fact it will be also useful to increase the optimism among other investors.

There are other stories of whales acquiring more coins these days as well: ‘Mr. 100’ buys the Bitcoin dip for the first time since halving — Is the BTC bottom in?

As we have been saying a lot lately, it was just a matter of time until those whales took advantage of the recent crashes in Bitcoin market to accumulate more coins for a cheap price, before the final big rally begun. Investors shouldn't do anything besides holding and waiting for the right time, although I believe some of them didn't resist and ended selling their holdings for fear of a deeper crash in crypto market.

Bitcoin lost more than 10% of its price in the last 30 days, while in the last 7 days it lost more than 8% of its value. This indicates a higher sell-off where the price corrected, but of course I would consider it just short-term volatility.

I don't think bitcoin prices will drop as low as $40k again this year. Prices tend to be expected to rise higher as demand increases, but small corrections are always possible and will certainly be very difficult to avoid. Even if bitcoin were to test a lower support level, then there should be a good reason why that would happen. I don't see any good reason at the moment to predict the price dropping to $40k or lower, it's possible but very hard to imagine.

Currently bitcoin price got many correction but price keep stable above $60k in this week, I think little difficult for dropping around $40k to $30k or get drop almost 50% for bitcoin with currently price. Halving have been over and many investor although not really excited for holding their bitcoin before halving time I think bitcoin will not drop drastically, usually bitcoin has good moment one or two months later after halving will get recovery to higher price.
I doubt with this possibility bitcoin will drop around 40% to 50% based on OP speculation, bitcoin holder still strong indeed get many bad news every day and many investor try to buy back during good moment after bitcoin get down few percent. Optimist with bitcoin will bounce again to higher price and reach back to $70k or possibility make new ATH in near future.

No one really knows and this is something that all of us would really be having that question in mind on which we cant really be able to determine on where prices would be ended or looks like on the next couple of days,weeks,months or years on which we know that this market is really that highly unpredictable and this is why tons of people keeps on throwing out their number speculations on which we cant blame them of with. Now that we are seeing that Bitcoins price is starting to recover then we can definitely be able to say that the current price dip or correction could really be the bottom but of course we arent that still
that too far off with the halving event on which there's still soo much time for things to happen on which we cant really be able to predict it.

On the time that you do see those price pullbacks or corrections, then instead on freaking out then it would be better that you should really be to encounter such condition then
taking up some advantage via DCA as we do all know and aware.

I don't think so Bitcoin will go back 40k to 30k I will say that Bitcoin will remain is market upto 50k to 70k in this after period of Bitcoin Halving nor we going to see the price is going to ove 80k neither we are going to see the Bitcoin price down to 30k to 40k price. Currently Bitcoin is making is market correction I think there is a no chance in this year go above 80k.

I doubt if we can have anything down the trend of the likes of $40,000 or below at this post halving experience with crypto markets, we should be moving towards achieving new all time high aside the previous one marked already, maybe this may could offer us something more different from what we have already been having, this is also a continuation of the bullrun in which we await to see more of new all time highs anytime from now.

Probably I was expecting at that range if the resistance break because the market price just skyrocketed in the past month and there was only few corrections that actually happened so there might be an even better deep in the coming year, we just don't know but I think it is possible even deep unto 20k$- 30k$, but probably might hold up on 40k$ since we did get a lot of money into Bitcoin when the Bitcoin ETF launches, it really trigger the market so probably it is going to hold up until the Bullrun but surely it wasn't a guaranteed thing. I mean if we are going to followed the Bitcoin Halving timeline it would still need a year before the Bullrun appear, waiting for the Bitcoin halving to take effect, so in that year a lot of things that could happened even things that we never actually experience before, probably Bitcoin could start to skyrocket early or actually drop to a very low market price, there were just too many factors that is affecting the market price so what we just need to do is hold our investment until Bullrun. As long as you have multiple sources of your income there might be no problem holding since that is what I'm doing, I have a full time job and side hustle so far, I accumulated Bitcoin and still holding it, huge percentage for sure was bitcoin.

It can be said that this is a good time for investment because the market is in a stable condition at the moment. This is a good opportunity to accumulate Bitcoin and other trusted altcoins before the halving effects start to show on the market, but it cannot be ignored that nobody's prediction can be 100 percent correct in the cryptocurrency market.

Therefore, the best thing is that every investor buys according to his investment and for how long he can store and wait, only an investor can know, taking advice from others is a good thing, but investment should be done according to your savings and personal mindset so that they can take complete responsibility of their decisions later on.

i'm have quite differing opinion with this the price of bitcoin at around $60k is already at the bottom for this bullrun, because we already retesting all the support zone around $60k and its still going strong with the current price despite just moving around this price point but we are probably already in accumulation zone, the next bullrun might not even need a slight correction to occur before continuing the bullrun all the way to the top $100k.
just see in probablly a month the price will be retesting the $70k resistance and noce we breakthrough then we gonna see biggest bullish ever according to the previous past historical data of bitcoin it usually whats gonna be happening.
for those that are in doubt whether the price of bitcoin gonna be dumping right now probably need to look at the chart again and see that we are just on our way on the biggest bullrun ever.

From what you said, I guess you haven't bought any bitcoin since March and are still waiting for bitcoin to drop more. But I want to ask you, will you definitely buy if bitcoin drops to $40k in the near future? Or will you continue to think that bitcoin will fall even more when bitcoin drops to $40k and will you only buy if bitcoin drops to $20k? This is not new to those who like to bargain with the market and those who always say they wait for bitcoin to correct before buying, most of those people will never buy bitcoin. They will never buy bitcoin when it corrects, but when bitcoin bounces and goes higher, they will definitely rush in to buy at high prices without thinking.

It's true what you say, it's unlikely we'll see that price. Especially after the halving phase has arrived, if you believe in this asset, don't think too much about the price now, look to the future. Maybe the step we should take is to continue accumulating gradually even if there is a slight correction or the price decline is not too significant. It's true what you say, the current moment is still good enough to accumulate. There is no quick investment to get the desired profit, you have to be a little patient to see that the increase will definitely occur in the future.