Will BTC go back to $40K - $30K range before a bigger rally? - page 4.

Sanitough

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Quote from: fullhdpixel on March 26, 2024, 01:05:25 AM

Quote from: JimboToronto on March 17, 2024, 07:15:01 PM

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Since we know how unpredictable the cryptocurrency market is, anything is possible. Bitcoin can drop to $40k and it can go up to $400k in a single cycle, that is how unpredictable it is and how volatile it can be. If we look at the history of Bitcoin, we know that there have been instances where Bitcoin managed to lose a very high percentage of its value right before the bull run and then it managed to regain that value later on.

So, we can't really say it's wishful thinking or it's not possible because it truly is possible, however, based on how the market is reacting currently, there seems to be no possibility of that happening for now because Bitcoin couldn't even go below $60k for now.

Well, the current price movement of bitcoin is quite impressive these days as it already touches $72k and then drop again, but targeting $40k-$30k, I guess that's already hard to expect seeing bitcoin within that price range. Although bitcoin can still go beyond our expectations, and we have no control of it really, but if we based its current movement, it's supposed to move upward than moving backward instead.

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Quote from: QueenSk on April 04, 2024, 05:15:16 PM

Quote from: bitzizzix on March 27, 2024, 06:22:33 PM

-snip-

As everyone is very optimistic about Bitcoin, it is said that you have to hope for the best, so only time will tell where Bitcoin is headed.

Of course - you can hope, but don't get your hopes up. You should be aware that anything as uncontrollable as the crypto market can change at any time - this is a risk that continues to lurk for anyone who owns an asset. Investment asset prices will not always rise according to what we expect - so always be wise in risk management instead of just being optimistic about the future.

We can all take advantage of short-term and long-term volatility to gain returns - but the most important thing to always consider is risk. There is always a risk - so never put all your eggs in one basket. That good financial advice is always mentioned - I understand it as the reason why I don't just own one investment asset.

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Quote from: South Park on April 07, 2024, 04:46:52 PM

Quote from: Nrcewker on April 07, 2024, 07:40:47 AM

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

At this point the chances of the price reaching that range are not very high, I would suppose the best timing for this to occur was after the last ATH, as the bears could have used that moment to scare away the weak hands with a strong correction which snowballed and became a crash, but the correction was very mild, showing the strength of the bulls is massive, and that most likely after the halving we will see a positive trend instead of a negative one.

It is already in the bullish period so the positive trend will be more people will not care about the negative trend even it will not last long then the halving is the moment where the price can ATH again with its record high, not without reason because the market is now in the right cycle for bitcoin.
The market will be a big crash that may start from 2026 because the bullishness has started to subside, but we never know how long this bullishness will last but 2024/5 is the moment where the bitcoin price is high.

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If it is possibility in general then its price could dump that low especially if nig investors will choose to manipulate the price or to trigger the dump, or if anything could happen perhaps an event that woud push investors to sell and prioritize their daily needs such as with the pandemic has started. However, there is also this tendency that it could just play around its market price at the present until the halving occur. Bottomline is always without certainty when it comes to Bitcoin and other crypto's market price movement unless it actually happen.

If here's because you're worried then choose to hold no matter what if you can. But if in doubt then the option of selling early and wating for a lower market price would as well be valid. Just keep in mind that a sudden pump could also take pace which could leave you at the bottom. Make a decision that won't give you any regret and frustration. Do your DCA and make the right action for your own holding's sake.

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Quote from: Nrcewker on April 07, 2024, 07:40:47 AM

As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

At this point the chances of the price reaching that range are not very high, I would suppose the best timing for this to occur was after the last ATH, as the bears could have used that moment to scare away the weak hands with a strong correction which snowballed and became a crash, but the correction was very mild, showing the strength of the bulls is massive, and that most likely after the halving we will see a positive trend instead of a negative one.

YOSHIE

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Quote from: QueenSk on March 16, 2024, 12:55:49 PM

Will BTC go back to $40K - $30K range before a bigger rally?

If that is what is being asked, maybe I have explained it in another topic, which asks the same thing, of course if we look at past experience and speculation that has been predicted by Bitcoin halving which has passed Bitcoin's lowest price of $40k, However, this year's halving is the umpteenth time, meaning that from speculation that Bitcoin has reached its highest peak, it is estimated that it will fall around $57k in the next calculation.

But whatever is in our minds, of course in terms of speculation and predictions that is best for ourselves, other users can only make comparisons between their own speculation and others, OP whatever happens to Bitcoin in the future is the best, meaning that in the future you must have what you dream of now, of course Bitcoin in your wallet, so that you become a good Bitcoin user for yourself, after the lowest price is reached.

Nrcewker

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As said before, Bitcoins won’t fall below 50k usd. The reason is pretty simple. When the price will go down a bit, all the traders will buy it back and then it will increase the demand to accumulate the coins. Moreover we know that Bitcoins follow the policy of supply and demand and we also know that they are limited in numbers. Hence, when the demand increases, the price will go up, and 40k range is hard to achieved then.

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Quote from: 2Pizza410000BTC on April 07, 2024, 12:03:43 AM

Quote from: QueenSk on March 16, 2024, 12:55:49 PM

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

Currently depending on the movement of Bitcoin, I can say that Bitcoin cannot return to $30,000 to $40,000 before forming a new rally. A lot of people may have predicted that Bitcoin will dump a lot before the halving and get to between $30,000 and $40,000, but I don't want to be with them because the halving is just a few days away and may never get to this position. But I can estimate that Bitcoin will reach $100,000 by 2024.

Yes I think you are quite right, Bitcoin showed a big price increase before the Bitcoin halving so it is hard to predict at this time that Bitcoin will come back to $30k to $40k form a new rally. But I think it would have been possible if the price of Bitcoin had been below $50k before the halving. Currently we are only a few days away from the bitcoin halving so I think the price of bitcoin will drop but I don't think it will drop that much. But it is true that the way Bitcoin price is going right now, we will see Bitcoin price in 6 digits very soon.

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Quote from: Oshosondy

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

If that is your prediction towards the upcoming bearish season, I think the price of Bitcoin will decrease below $40,000 when bearish season appear, because we saw what happened last two years when the price of Bitcoin decreased to $18,000 to surprised investors that thought the price will not decrease below $30,000. Well, the bullish season is going gradually from the market and you can see that the price has decreased from $73,000 to $67,000 and very soon bearish market will take over the market for we to see if the price of Bitcoin Will not go below $50,000 before it will increase higher to enter bullish season. If you look at the highest price Bitcoin has reached in this season, show that the price will hit $100,000 in the next bullish season but I don't think it will happen this year because the price has started decreasing few days ago.

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Quote from: FinePoine0 on April 06, 2024, 06:58:08 PM

Nowadays the days of yesteryear must be forgotten, as the price of Bitcoin has set new records at the peak of others, it will surely become more massive and ready to set new records. So if you try thousands the chances of bitcoin and 30k to 40k will be very low. Since the bull market of 2025 is so close, I don't think it is possible for Bitcoin price to go lower now. For a long time the price of Bitcoin between 60k and 70k dollars was enough time to invest. Be sure to keep the bitcoin price up and succeed.

What can keep Bitcoin prices high are Bitcoin holders in large numbers and not just limited to one person, mate. Because the whales, who can still shake the market when selling something, can also hold a little control in terms of maintaining the price, even though the purchasing power continues to increase in Bitcoin, they can also immediately maintain price stability at the current range in the longer term. Because between those who sell and those who buy, there must always be a balance so that the current price level can always be maintained for a long time.

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Quote from: QueenSk on March 16, 2024, 12:55:49 PM

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

Currently depending on the movement of Bitcoin, I can say that Bitcoin cannot return to $30,000 to $40,000 before forming a new rally. A lot of people may have predicted that Bitcoin will dump a lot before the halving and get to between $30,000 and $40,000, but I don't want to be with them because the halving is just a few days away and may never get to this position. But I can estimate that Bitcoin will reach $100,000 by 2024.

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Quote from: QueenSk on March 16, 2024, 12:55:49 PM

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

Nowadays the days of yesteryear must be forgotten, as the price of Bitcoin has set new records at the peak of others, it will surely become more massive and ready to set new records. So if you try thousands the chances of bitcoin and 30k to 40k will be very low. Since the bull market of 2025 is so close, I don't think it is possible for Bitcoin price to go lower now. For a long time the price of Bitcoin between 60k and 70k dollars was enough time to invest. Be sure to keep the bitcoin price up and succeed.

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Quote from: fullhdpixel on March 26, 2024, 01:05:25 AM

Quote from: JimboToronto on March 17, 2024, 07:15:01 PM

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Since we know how unpredictable the cryptocurrency market is, anything is possible. Bitcoin can drop to $40k and it can go up to $400k in a single cycle, that is how unpredictable it is and how volatile it can be. If we look at the history of Bitcoin, we know that there have been instances where Bitcoin managed to lose a very high percentage of its value right before the bull run and then it managed to regain that value later on.

So, we can't really say it's wishful thinking or it's not possible because it truly is possible, however, based on how the market is reacting currently, there seems to be no possibility of that happening for now because Bitcoin couldn't even go below $60k for now.

With how the market is behaving right now, I can sense that there is small chance to experience that again. Everything is possible with bitcoin, because of its highly volatility so we should not be surprised if ever that scenario comes again. However, if bitcoin price will go up consistently even after halving, then I might say that we won’t see bitcoin price dropping again into $40k or $30k.

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Quote from: bitzizzix on March 27, 2024, 06:22:33 PM

I assume the price of Bitcoin will not fall to 40K let alone 30K, and Bitcoin's pullback is very strong at the current price of 60K and has not gone beyond that price. And so far the correction that has occurred is a healthy correction and there has not been a significant decline, even if it happens I don't think the price of Bitcoin will reach 40K.

And if Bitcoin's price decline exceeds 60K, it likely won't last long, nor will it hit 50K and then go back to 60K, 70K, then 80K in the near future and so on. And I think the current Bitcoin consolidation phase is only temporary and is also an opportunity to accumulate more Bitcoin, because it is a good discount to buy more Bitcoin and hold it for a long time or long term. And I estimate that Bitcoin price could reach 130K-150K in 2025.

As everyone is very optimistic about Bitcoin, it is said that you have to hope for the best, so only time will tell where Bitcoin is headed.

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I assume the price of Bitcoin will not fall to 40K let alone 30K, and Bitcoin's pullback is very strong at the current price of 60K and has not gone beyond that price. And so far the correction that has occurred is a healthy correction and there has not been a significant decline, even if it happens I don't think the price of Bitcoin will reach 40K.

And if Bitcoin's price decline exceeds 60K, it likely won't last long, nor will it hit 50K and then go back to 60K, 70K, then 80K in the near future and so on. And I think the current Bitcoin consolidation phase is only temporary and is also an opportunity to accumulate more Bitcoin, because it is a good discount to buy more Bitcoin and hold it for a long time or long term. And I estimate that Bitcoin price could reach 130K-150K in 2025.

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Quote from: QueenSk on March 25, 2024, 04:53:45 PM

Quote from: Sexylizzy2813 on March 24, 2024, 09:47:19 PM

It was getting to the point that those hodling will start having a rethink on weather to sell or continue hodling, no matter how low the price of Bitcoin is going I believe we still have those that can still wait till it gets back on track before the halving. $80k isn't the aim before the halving and I still believe that Bitcoin price can surpass the current ATH, with that happening I feel the price can be bigger than $80k and I'm not expecting Bitcoin to fall all the way back to $40k, not anytime soon.

Given the current market situation, it cannot be denied that Bitcoin will touch $80k, but that's just my opinion, Bitcoin, before the market goes much higher, can go below $60k.
But again, based on the current state of the market, this may turn out to be the opposite.

That's true, the fall of Bitcoin price can turn out to be a higher race to something higher than $73k but what I'm saying is that the current state of the market price can be very discouraging but it only takes those who have witness such fall of the price to stay calm and let things to come back to how it was. At this point many are waiting for the market price to switch up back to that positive movement, who knows we might see another shocking price, something like $95k.

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Quote from: QueenSk on March 16, 2024, 12:55:49 PM

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

Seems like your prediction will never come to reality mate because bitcoin looks like
holding a 60k and up value since early 2024 so maybe its enough for us to believe in its
capacity to stay stronger while we are getting into halving any time soon.

Quote from: tengui on March 25, 2024, 11:44:25 PM

as I previously thought, the correction that occurred previously was normal and the price of bitcoin would not fall too far, and now the price of bitcoin has recovered and is back above $70k. expecting the price of bitcoin to fall to 30k-40k is too far for me, and maybe you can get bitcoin at that price after the halving or when the bearish come.

correct in this one, we are far from happening or dropping to that low mate.

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Quote from: JimboToronto on March 17, 2024, 07:15:01 PM

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Since we know how unpredictable the cryptocurrency market is, anything is possible. Bitcoin can drop to $40k and it can go up to $400k in a single cycle, that is how unpredictable it is and how volatile it can be. If we look at the history of Bitcoin, we know that there have been instances where Bitcoin managed to lose a very high percentage of its value right before the bull run and then it managed to regain that value later on.

So, we can't really say it's wishful thinking or it's not possible because it truly is possible, however, based on how the market is reacting currently, there seems to be no possibility of that happening for now because Bitcoin couldn't even go below $60k for now.

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as I previously thought, the correction that occurred previously was normal and the price of bitcoin would not fall too far, and now the price of bitcoin has recovered and is back above $70k. expecting the price of bitcoin to fall to 30k-40k is too far for me, and maybe you can get bitcoin at that price after the halving or when the bearish come.

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Quote from: Sexylizzy2813 on March 24, 2024, 09:47:19 PM

It was getting to the point that those hodling will start having a rethink on weather to sell or continue hodling, no matter how low the price of Bitcoin is going I believe we still have those that can still wait till it gets back on track before the halving. $80k isn't the aim before the halving and I still believe that Bitcoin price can surpass the current ATH, with that happening I feel the price can be bigger than $80k and I'm not expecting Bitcoin to fall all the way back to $40k, not anytime soon.

Given the current market situation, it cannot be denied that Bitcoin will touch $80k, but that's just my opinion, Bitcoin, before the market goes much higher, can go below $60k.
But again, based on the current state of the market, this may turn out to be the opposite.

Topic: Will BTC go back to $40K - $30K range before a bigger rally? - page 4. (Read 1320 times)