Topic: Will it Hold? BTC Targets $40,000 - page 2. (Read 1222 times)

There are still several months from bitcoin halving, so still we can save and accumulate as much as we can before that activity. But the push could be coming from those who thinks that there is that approval coming already. I'm talking about the Spot bitcoin ETF regardless of who is going to get the approval first.

And with that, I think everyone should be still buying at this point as you have said, approval and then the block halving could be the catalyst for the biggest bull run that we are going to see next year till 2025. So we shouldn't missed this great opportunity right now.

As whether the price is going to hold at $40k, yeah I believed it will till the end of this year and it could even go higher.

As we are expecting very good upper targets with Bitcoin, I still implore that we be careful about this, especially if we are trading it. If it's investing it, it's better, nothing will happen as Bitcoin is set to reach higher levels over time, it might only take time. My advice is important since I see some temporary bearish signs on the daily and 4H charts of the coin, and this might pose a threat to the position of the buyers.

The fact that the coin has been going upward for so long does not mean that it doesn't have the right to retrace, it might do this at any time which is why it's good to use our charts as the guide for us to know the time to buy and liquidate our positions appropriately. Some traders could even sell temporarily to make money, all it requires is to know how to read the trading chart very well. I believe that Bitcoin has however locked the $40,000 already, the level that was much anticipated for it to reach before might now be the support level that traders are watching at this moment. This is another reason that Bitcoin is strongly bullish and if it would sell at all, it might not be much. Nonetheless, if it breached below $40,000, it might continue selling further than thought.

Let's be watchful at this moment.

We are in period in the market when the market structure and time has started to agree and will we likely see things even move faster than we expected, as we approach Bitcoin halving season and this is why the moment we hit $40k,  it didn't take the market much of time to reach the current price of $44k ,and next year we may likely see Bitcoin start to do an increase in price of about 2k, 5k-10k in a single day. This is likely the last days we will see Bitcoin in such Cheap prices henceforth.

In 3 days Bitcoins are already up by 3-4k usd. Now we are really looking strong at the markets. This only proves that as predicted the price will really go up and touch new ATH price in 2024. Hence we need to keep on accumulating the coins in order to yield maximum profit. Last time Bitcoins were at 69k usd, so this time definitely the price might rise up to 75k usd. So if we buy Bitcoins at current price, then we have the chance to make twice profit. Hence, I would continue buying the coins irrespective of the quantity I can afford.

now it is more than 40k mate instead running to go above 45k because as i am typing the value goes up to 44 thousand dollars so yes that can cross more in the coming days.
 possible ? of course mate look at how it runs now but I believe that if go above 50k  then the market will be far moving from the past years .
because this will be the first time (at least to  my knowledge)that before the halving year that the price hits another high ups in December.

It has been broken already, and as we all know, whole numbers is hard to break, but once we got t here, going to be smooth. I mean just look at the price already, $41k without hinting of stopping at any point this December.

So yeah, as expected or at least what we have predicted when we just starting this year, $40k-$50k. And it seems that we are in target with that price. First week of December and we have this spike already. Expecting more good to happen this month of December and maybe $50k at the start of the new year 2024 and then preparing for the block halving.

Bitcoin just crossed $40k off a 24hrs high and its currently sitting at $39,900+ very close to $40k. Some short traders may have sold on the $40k mark, but I'm not sure if it's worth it as bitcoin may not be able to pull back as far as below $35k at this current rate. Most people are now bullish especially with this most recent one. So, yeah most probably bitcoin will come after $45k this month and will probably close out at near $50k .
There will still be selling that will take place as we see a gradual increase, but the buying portion will be stronger this time with just a couple or more months left before the halving takes place. Another thing to look forward to is the post halving price.

The speculative allure of trading the big numbers.   We are here finally at 40,000  took the whole year but it has arrived.   With all the numbers lit up on the scoreboard do people take profits now, its completely arbitary but absolutely possible that is what occurs now.  
   Personally I do not rate the power of round numbers, it can be underlined as obvious nonsense in the bigger picture but near term it can be a thing to trade in a fairly concrete way.   40k could be the top for now, this week or even the month we could trade lower from here in larger or small part drift downwards.
   I'm interested if this big number effect is still alive and for the moment thats what Im looking at going from weekend trade into working weeks leading upto the holidays.

The price of $40k will be reached today because the market price is already $39,850 only a slight increase to reach the long predicted price in December, we can assume the market is in the bullish condition category and the highest price recovery will occur this month, many high price surprises occurred in the month December and we predict a price of $50k in mid or late December.

I’m not sure if this is related to Bitcoin miners, but as you can see now, your forecast of a price of $40,000 turned out to be almost prophetic (~39.500$). What’s more interesting is what will happen to the price of bitcoin at the end of the month/end of the year and whether New Year’s sales will cause another drop bitcoin's price.

Now it is more likely that the demand for bitcoin has increased (the law of supply and demand has not been canceled), which pushed the price almost to the $40,000 mark.

What does your analysis say now? What will the bitcoin's price be at the end of December?

$40K will be reached soon, most likely this month. Currently the price of Bitcoin is around $39,400 , meaning that even a small-scale price increase is enough to penetrate $40k. Apart from that this positive trend also looks very strong, so I'm sure not only $40k but even $45k will be reached this month. For me at this time there is no such thing as selling, there is only buying and hold.

  Right now, if I look at the price value of Bitcoin, we are almost at 40k. With just a little movement a few hours from now, it is possible that it will be at 40k plus this day.

  So it means that it is quite possible to reach $50,000 or more before the end of this month of December 2023. We still have time to save; just take the chance. As long as we still have time, to be honest, let's take advantage of DCA as of the moment.

Current price: 39,520$, so yeah, just $500 and we will be in the $40k mark for the first this year. So it's really exciting for us, specially those who have been holding it for a year at least. And you just have to think about it, no assets in the world can give you a huge profits in a year, a 100%++ jump.


So let's wait, if it is done today then good. However, it's somewhat weekend for us, so I expect a huge push this Monday, everyone is refresh coming for the long weekend. With that, we already have the patience for a year, we just need to be confident that next week $40k has been broken by the bulls and so the sentiments will continue up to next year.

Of course, we are almost there and $40k will become a reality in December. Bitcoin moved well past $39k some time ago which previously failed to penetrated at last month, but due to the large number of sell-offs the price fell slightly even though it is currently still around $39,300.

Market conditions look very optimistic about a $40k hit in the near future, could be today. But some assumptions say that December has the potential for a correction that might test the $35k support level. ETFs are one of the factors that can influence the current market, but this hype is expected to last longer even though there is no certainty that it will be approved. Let's wait to see what happens in the hours before market close today, but we are only $700 away from $40k.

The price of bitcoin shot from $38,800 to $39,400 like it won't take long for bitcoin to soon touch $40K maybe tomorrow or tonight because the chart continues to show positive signals, see bitcoin looks like it will continue in the upward direction to touch the highest price this year.

We will soon see $40K in the near future.

This may be due to the ETF trend that is still going on until now, there is even a discourse that it will be approved in early January, maybe because of that effect because of the increase in bitcoin and now it is a significant increase.

I don't know whether this increase is natural or not, but based on history, BTC should experience a decline in December, or whether we no longer depend on history because many parties have entered the market.

I expected the correction as well, but no more, it seems we are in a full bullish season and Bitcoin might continue to rise higher without any meaningful bearish movements. The truth is that Bitcoin is a very promising asset at this time, everyone is trying to own their bit of the coin and, the fact we are very close to the halving season where much of a post-halving effects could cause people to multiply their return on investment, die-hard investors are buying Bitcoin and are not moving out their money to avoid missing out such as it happened to many in the past. People are ready to commit their money to Bitcoin and not look back for the next 1 year, and because of this, Bitcoin will not make a tangible bearish movement. It may try to sell at times to adjust itself based on what its fundamental and technical analyses are saying, but in the end, such movements will never be sizable just as we have seen since October.

Also, technically, the coin has established a third consecutive bullish candlesticks on the monthly chart and a reason that is making it to even be more higher in price today, which is the chart of the month of December. I can't but be doubting in my former analysis that Bitcoin would not hit $40,000 again this year. This is increasingly getting more possible day by day and I believe that the coin could still hit an unexpectedly higher level this year. Who knows what this could cause negatively for the halving of 2024.

Now we are already on the start week of December on which it did really start on some green candles and the fact that we are really starting to see on Bitcoins price on trying to reach 39k on which we are really that hear on 40k would be anytime soon but of course it would really be anticipated that there would really be a strong resistance into that point on which i wont really be shocked if there would really be some rejections into that
level but of course not everything would really be so easy and everything would really be taking up some time. For now lets just cherish the moment specially into those people who had been able to get in
into those low levels on which the current price is climbing upwards on which it isnt really that bad on taking up profits as of this moment.

Will it hold? there's no one could really be able to do so if we do speak about future events or happenings because future isnt something that could be known and this is why
it is always been considered to be speculative. We dont even know if there would be some massive corrections once we do hit 40k or 50k and so on..
This is why it would be wise that you should really be always prepared.

I tend to be more optimistic when I see market conditions continuing to improve like now, because I see that the price of Bitcoin today has almost touched $39K, which means it is very close to the price of $40K. So if this December can continue to improve like now, I think Bitcoin could exceed $40K by the end of the year because an increase in prices like today could make more people feel optimistic about market conditions and Bitcoin and other cryptocurrencies too.

I'm pretty sure that everyone will be able to see the price of Bitcoin at $40K within this year if the current increase continues to occur steadily in the market. Because an increase like now can also make more people hold Bitcoin and not immediately sell it even though they have seen profits in their investment so far. So it is very possible to see a price of $40K if the price increase continues this month because every price increase always takes time so I don't think that Bitcoin can go straight to $45K this year.

btc opened at a price of 38k earlier this month, there are still 30 days left before this year ends, but if you look at the current conditions the bitcoin daily chart shows it is stable and tends to rise, can we see bitcoin reach 40k for the first time this year.
I think if that happens it will go straight to the 45k increase.