Topic: Will it Hold? BTC Targets $40,000 - page 10. (Read 1302 times)
I can see that $35,000 is strong. The price goes down a bit and then comes back to it, surpasses it a bit and then comes down again. There's like a volleyball happening and $35,000 is the net. The price could fall down and lose $35,000 for a while but nothing would be too deep that it would become a difficult target once again. Having said this I think $40,000 is within reach within this year. There's just so much to hope for in the near future. I cannot see a reason why people should be bearish.
When it comes to the 40k Bitoins's speculation, without any doubt I can say that yes maximum of us are highly Bullish, but from my sixth sense or you can say greed I'm expecting a good correction. I have some buying plans there but that is a decent scenario, the Market may not follow it.
A maximum of the traders and sentiments are indicating that the market will follow the journey till 40k to 45k, there's an in-between mode of consolidation in which the market will stay on a tight range for a decent time. TBH the first week is not following my predictions and if the 2nd week goes against the scenario of correction then I'll be expecting a breakout of the range.
A maximum of the traders and sentiments are indicating that the market will follow the journey till 40k to 45k, there's an in-between mode of consolidation in which the market will stay on a tight range for a decent time. TBH the first week is not following my predictions and if the 2nd week goes against the scenario of correction then I'll be expecting a breakout of the range.
I think first if we wanted to get to $40k, we need to overcome the current mental barrier which is $35k. And it seems just like any other resistance, it seems to be very difficult for now to breach it unless we have significant good and positive news in the market.
So for now, it's hard to say at least that we will go to $40k.
We might be seeing another sideways patterns that we are more familiar with as we have it in the last 6 months or so.
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Re: Will it Hold? BTC Targets $40,000
Well, that's my initial prediction. I predict that Bitcoin will reach as high as $40,000 this year, and even as high as $45,000 though this is just me being too optimistic with Bitcoin a few months before the halving happens.
One big news, and it might push it's price even higher. That's what I'm thinking right now. We didn't even know that the "TICKER SYMBOL" thing will happen, and it pushed it's price upwards. I don't know what can cause Bitcoin to reach $40,000 right now, but maybe something ETF related might do it. Overall, this is just a prediction, and we can't predict the market with 100% accuracy.
Just continue on what you're doing. If you're doing DCA, continue doing it. If you want to buy at once, do it. If you are just waiting for the bull run to happen so you can sell your assets, do it. As for me, I'm just waiting for the bull run to happen so I can sell all of my assets already.
Bitcoin will truly reach a price of $40,000 per coin. If you truly want to keep an eye on it, dude, you can look at what's going on in FOMC trading or DXY and conduct your technical analysis there if you're familiar with market movements.
But practically everyone in the bitcoin industry understands that the market is unpredictable and that even specialists can't make accurate predictions because their data is based on their beliefs about where the market will go. Actually, of the Bitcoin price.
But practically everyone in the bitcoin industry understands that the market is unpredictable and that even specialists can't make accurate predictions because their data is based on their beliefs about where the market will go. Actually, of the Bitcoin price.
When it comes to the 40k Bitoins's speculation, without any doubt I can say that yes maximum of us are highly Bullish, but from my sixth sense or you can say greed I'm expecting a good correction. I have some buying plans there but that is a decent scenario, the Market may not follow it.
A maximum of the traders and sentiments are indicating that the market will follow the journey till 40k to 45k, there's an in-between mode of consolidation in which the market will stay on a tight range for a decent time. TBH the first week is not following my predictions and if the 2nd week goes against the scenario of correction then I'll be expecting a breakout of the range.
A maximum of the traders and sentiments are indicating that the market will follow the journey till 40k to 45k, there's an in-between mode of consolidation in which the market will stay on a tight range for a decent time. TBH the first week is not following my predictions and if the 2nd week goes against the scenario of correction then I'll be expecting a breakout of the range.
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Will it Hold? BTC Targets $40,000
Still if I have to say I don't think it will touch 40k anytime soon as bitcoin halving is still some time away. Moreover, Bitcoin price recovery will start after the end of the halving season in my opinion. It is true that miners control 10% of Bitcoin's circulation, but I don't think there has been any situation yet that the market will be bullish and touch 40k due to the attitude of miners. I think that the current pump of Bitcoin is temporary. Maybe we will see Bitcoin price below 30k or around 30k again. So my suggestion would be to start holding for long-term without keeping 40k as target.
It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time..
40k as a peak could happen if we consider differing time frame influence. A wave can advance as the tides retract, I believe on the widest time frame or sized bars for BTC on the chart we have resistance vs the 2022 area of trading for BTC. Quite a few people were caught off guard by BTC even being possible to fall back into the teens, the volatility is always a surprise especially to new people but we should consider it normal in possibility.
In that context a spike to 40k and also back to 30k would be volatile but possible, both prices would reflect differnt time frames. No doubt near term we are bullish and overall people will always sell BTC and take profits, speculators have this nature to close a trade.
We have traders in BTC now who also deal in corn or oil or anything, they switch and they go focus elsewhere as and when it suits them; dont assume loyalty from short term strength imo.
Will it Hold? BTC Targets $40,000
To be honest with you, we don't know if it will hold or maybe the best term is if we will touch based that price this November-December.
When you check the October 2023 Non-Farm Payroll data you will notice Without a doubt, the bulls continue to dominate the market as the Bitcoin price surged to a new annual high of $35,400. Given that Bitcoin miners control 10% of the total BTC in circulation, their trading actions have an impact on the BTC price. Indicators presently suggest that BTC miners have adopted a bullish attitude during the week, and if they continue to accumulate rewards, we might witness further gains up to $40,000.
But in any case, there is a good thread to read about by @philipma1957, back in 2015 we had a nice pre 1/2 ing streak. He put some numbers in their based on the past historical logs, you might want to check it out. And see if it matches your prediction and others members.
And as you have said, we need to continue to accumulate, just to be ready for the next block halving and the bull run next year.
It's good to see the price comfortably seating at 35k but I'm actually not perturbed by the price movement, though it helps to keep bitcoin enthusiasts excited and expectant of things to come but I'm more interested in acquiring and hodling more Bitcoin. We are not in the bull season and there's no need to get my hopes high. About hitting the $40k in November or December? Very likely, I think if any of the Bitcoin spot ETF gets listed, this is very feasible and we may even get to see $45k or $50k.
OP this discussion belong to the speculation board and not on Bitcoin discussion, please move the thread to the speculation board as soon as possible, here is a board based on Bitcoin discussion only and not talking about Bitcoin price price blah blah blah
I was thinking that this topic belong to the speculation board. Anyways, $40k is not such a huge gap from where price is at present because I remember of recent when Bitcoin gained by over $5k in about 24 hours. With Bitcoin, nothing is impossible because the volatility is high.
I am actually projecting something close to the ATH or at least $45k before the end of the year. This is because next year's bull run may actually be more explosive than previous ones so thus year will set the stage.
While we are also looking at the price, let's endeavour to accumulate as much as we can as we approach the end of the year.
I am actually projecting something close to the ATH or at least $45k before the end of the year. This is because next year's bull run may actually be more explosive than previous ones so thus year will set the stage.
While we are also looking at the price, let's endeavour to accumulate as much as we can as we approach the end of the year.
It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.
Will it Hold? BTC Targets $40,000
When you check the October 2023 Non-Farm Payroll data you will notice Without a doubt, the bulls continue to dominate the market as the Bitcoin price surged to a new annual high of $35,400. Given that Bitcoin miners control 10% of the total BTC in circulation, their trading actions have an impact on the BTC price. Indicators presently suggest that BTC miners have adopted a bullish attitude during the week, and if they continue to accumulate rewards, we might witness further gains up to $40,000.
Secondly, Sources from IntoTheBlock shows the demand for Bitcoin has exceeded supply judging from the data available at the aggregate order books https://app.intotheblock.com/coin/BTC/deep-dive?group=exchanges&subgroup=order-books&chart=all. If this holds through then we expect the market for this week to remain bullish. However, there may be little contrary arguments.
A critical point to note is that everything being equal BTC price may likely defend the $33,500 - $34,500 zone and prevent bearish reversal.
I did my analysis on a weekly based and it may be subject to my bias. Feel free to contribute and possible show areas that are worthy to note.
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