Will it Hold? BTC Targets $40,000 - page 7.

posi

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Quote from: Sophokles on November 10, 2023, 12:16:19 PM

This sudden pump happened due to the bitcoin ETF news. Many think the approval will be this year but i think it will be next year before halving. If this is the expected bull rally then I think it's too easy for people to make money and i think whales will not let it happen. They make money by manipulating the market and people were buying the dip for a long time Future traders were waiting for a breakout which happened recently and many opened their long positions. I think the market can go to 40k to make a major correction so that it can wipe out all the long positions and create panic among the long term investor who will then book profit in panic to take a lower entry.

It is a scenario that many people are thinking about but we never know where the market makers will take the market in the coming days. When many people believe that history will repeat itself and that the bull season will only come after the halving, they will most likely change the game. They mix things up so people jump into the market regardless, any scenario is possible.

We will never know what the market makers are thinking, so don't think that what we predict is that they don't know. They are the ones manipulating us, showing us the way, not us manipulating them.

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If you look at the growth of Bitcoin prices over the last few months, it is not impossible that $40,000 can be penetrated. We are used to seeing significant spikes, plus institutions trying to take over the market provided a strong push to recent price increases. Bitcoin in a short time rose to $37K indicating the lower limit is being tested, especially to end 2023 and welcome 2024 which can be said to be very short. This halving has been awaited by many long-term investors and shareholders.

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Bitcoin would most likely get to $40k this year, it has already tested $35k twice which is a sign it can break any resistance at that point by the next testing, it has aswell had some recent forms of volatility that could possibly cause it's Move to $40k the it will further retrace back to about $32- $35k before the halving were it may further fall below that price.

bitterguy28

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Quote from: Viscore on November 10, 2023, 04:52:08 PM

Bitcoin might not find it hard to reach $40k because at the moment, bitcoin price has already reached to $37k and its even heading more to its higher price resistance. Thanks to the fake approval of SEC as it started the price of bitcoin to surge high which makes the market remains in a good position. However, we should not be overconfident about this because we all know how bitcoin moves in the market, it could surprise us in the least unexpected way.

strongly Holding 37k today as we are typing , and I think that it will go more in the next coming days.
I also believe that before November ends 40k will be on our table and indeed that we are looking to have this momentum till December at least.

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But with this current market position, for me its obvious that we are going to land into its new price at $40k but most probably after that, we might see a market correction that may suddenly pull the price down which gives more opportunity to investors to buy more bitcoin while the price drops low.

This is what I wanted to happen , to hit 40k and above then take the correction to make advantage of the situation because in this process the "Buy low Sell high" is what taking place .
hope that we are not being trapped this november at least.

danherbias07

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I am hoping $35k will be the new bottom and $40k will be the ATH for this year.
It's not far, it's playing at $37k - $38k and I think it will just be a matter of time before it reaches your target. The only problem is, will it hold? That question is difficult to answer because of the Bitcoin volatility. We will never know what investors are thinking. But because of the recent good news that the SEC might be on its way to approve the Bitcoin ETF then expect that it can floor to just $35k and it won't go too deep anymore.
Fear of missing out, don't forget that. When the market emotion is in this state, many investors will just keep on hodling their coins because they are afraid that a chance of a cheaper purchase might not come again. Who knows? That might really be the case once the ETF is sealed in the market.

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Quote from: Gozie51 on November 10, 2023, 04:00:11 PM

Quote from: Wiwo on November 10, 2023, 02:25:21 PM

Although bitcoin ETFs have been one of the sure sole causes of this recent price the reason being that, Bitcoin started increasing in price suddenly after the news of the ETF announcement even though it was later discovered to be false news but Bitcoin has refused to drop from that price behaviour since then and up until this very moment

Probably and from the look so far it seem the 40k price is looking as reality as bitcoin is jumping around 37k/38k. I think the next level is going to be looking up to 40k. I don't expect drop to happen anytime soon or before that range where we are just starting the month and there have been spikes taking price up in the longer hours which is possible that it could be sustained for the month to run out.

Yeah we are already closing in on the 40k benchmark and with the current Bitcoin market trends, it seems that we will arrive at that reality even before the week runs out, and at some point, we may even exceed that said Bitcoin price at the end of the days if all things being equal and it goes well, but my fear is what will happen to the Bitcoin networks congestion, is it going to sum up all the gains through fees, because in the last few days, we have experienced a lot of high fees for even a fraction of Bitcoin transactions and the meme pol has been highly congested at some point.

So the increase in the price of Bitcoin, still trigger up a lot of negative feeling when it is done in direct proportion to the transaction network hype and fees increases, this is why we all have not really been able to make long-term speculations on the Bitcoin price.

Because no one knows what the cause of the sudden price increase that is accompanied by network connections at some point.

Viscore

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Bitcoin might not find it hard to reach $40k because at the moment, bitcoin price has already reached to $37k and its even heading more to its higher price resistance. Thanks to the fake approval of SEC as it started the price of bitcoin to surge high which makes the market remains in a good position. However, we should not be overconfident about this because we all know how bitcoin moves in the market, it could surprise us in the least unexpected way.

But with this current market position, for me its obvious that we are going to land into its new price at $40k but most probably after that, we might see a market correction that may suddenly pull the price down which gives more opportunity to investors to buy more bitcoin while the price drops low.

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Quote from: Wiwo on November 10, 2023, 02:25:21 PM

Although bitcoin ETFs have been one of the sure sole causes of this recent price the reason being that, Bitcoin started increasing in price suddenly after the news of the ETF announcement even though it was later discovered to be false news but Bitcoin has refused to drop from that price behaviour since then and up until this very moment

Probably and from the look so far it seem the 40k price is looking as reality as bitcoin is jumping around 37k/38k. I think the next level is going to be looking up to 40k. I don't expect drop to happen anytime soon or before that range where we are just starting the month and there have been spikes taking price up in the longer hours which is possible that it could be sustained for the month to run out.

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Probably. I mean this isn't something anyone could guarantee, we are not aware that how much of price increase will happen and when that will happen, however looking at the situation I could say that 40k is not that far away and could happen eventually. We need to arrange something that has to be done a lot better and considering the situation we are in right now, I will say that it is doing a lot better. I believe that we are going to face something that has to be a little different, and definitely something that's a little time consuming, but that's not that weird, we could see that change with time, we just need to arrange it a bit better.

I believe that we are not going to end up with something terrible, so we need to make sure that life is doing a lot better. 40K is something we could see happening at any given minute, and that means we are going to end up with a change with time, and should definitely increase the possibility of it happening with more time.

armanda90

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One step close with OP achievement target Bitcoin will raise to $40,000, yesterday almost happening depend Bitcoin current price raised up more than $38k and need $2k to completed mission target bitcoin up to $40k. I don't think its difficult target for bitcoin regarding with few percent left will raise higher price indeed current price now get correction. Actually not any one have accurate prediction will bitcoin easily raise to $40k or not but looking with demand and supply of bitcoin today its looks not impossible raising for that target.
Beside still have speculation about bitcoin ETF is approving or not and many whales try to makes it as good or bad news and bigger impact for bitcoin, last time when sharing fake news about bitcoin ETF is approving suddenly price up although few minutes later have down.

Wiwo

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Quote from: Sophokles on November 10, 2023, 12:16:19 PM

This sudden pump happened due to the bitcoin ETF news. Many think the approval will be this year but i think it will be next year before halving. If this is the expected bull rally then I think it's too easy for people to make money and i think whales will not let it happen. They make money by manipulating the market and people were buying the dip for a long time Future traders were waiting for a breakout which happened recently and many opened their long positions. I think the market can go to 40k to make a major correction so that it can wipe out all the long positions and create panic among the long term investor who will then book profit in panic to take a lower entry.

There are a number of things that contribute to Bitcoin sudden market reactions such as the recent price increase to the present state which has triggered a lot of reactions from market speculators who are speculating what the possible cause of the price pump even though Bitcoin halven is around the corner and that could possibly make Bitcoin price to react at any time.

Although bitcoin ETFs have been one of the sure sole causes of this recent price the reason being that, Bitcoin started increasing in price suddenly after the news of the ETF announcement even though it was later discovered to be false news but Bitcoin has refused to drop from that price behaviour since then and up until this very moment

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Quote from: savetheFORUM on November 10, 2023, 11:08:16 AM

Quote from: Nrcewker on November 09, 2023, 07:39:20 AM

-snip-

I think it's too early to talk about the all-time high basing it on the current price surge because we are still about 5 months away from the halving event, and we can only have some idea about how far the market can go after seeing the market situation around and after the halving event. In the past, the market used to start going up after the halving event, so the current surges shouldn't be taken that seriously as there can always be a correction coming our way.

Nobody forbids anyone about price predictions especially if it is possible due to many factors. Currently the price of bitcoin is trading above $37k which means it is only $32k away from the previous ATH. Anything is possible if bitcoin FOMO increases due to the approval of a bitcoin ETF, but conversely a correction is also possible for various reasons.

ATH before halving may occur if bitcoin ETF is approved. The market will receive enormous interest from institutional investors and other investors which in effect will only increase demand to such an extent that it results in price increases on a large scale. I'm not pessimistic about the possibility of such a scenario, but vigilance should also not be lost about things that are not desirable.

Sophokles

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This sudden pump happened due to the bitcoin ETF news. Many think the approval will be this year but i think it will be next year before halving. If this is the expected bull rally then I think it's too easy for people to make money and i think whales will not let it happen. They make money by manipulating the market and people were buying the dip for a long time Future traders were waiting for a breakout which happened recently and many opened their long positions. I think the market can go to 40k to make a major correction so that it can wipe out all the long positions and create panic among the long term investor who will then book profit in panic to take a lower entry.

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Quote from: Nrcewker on November 09, 2023, 07:39:20 AM

Definitely the price can go up. So yes Bitcoins are looking strong to be honest. If this type of demand keeps on increasing, then definitely in order to maintain the demand, the price will go up. 40k is a reasonable price, which can be easily achieved if this demand is kept by the investors. So yes as we know that next year is the 4th year for new ATH price, so we can easily claim that we are approaching towards that.

I think it's too early to talk about the all-time high basing it on the current price surge because we are still about 5 months away from the halving event, and we can only have some idea about how far the market can go after seeing the market situation around and after the halving event. In the past, the market used to start going up after the halving event, so the current surges shouldn't be taken that seriously as there can always be a correction coming our way.

So, it's always better to keep your hopes high but plan everything according to both situations because the market is highly volatile and we know it can move in any direction at any given time. It's looking strong right now, but it won't take much time for it to become weak and start dropping all of a sudden.

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Quote from: Reatim on November 08, 2023, 09:33:30 PM

Quote from: Dr.Bitcoin_Strange on November 08, 2023, 07:54:38 PM

With the current price of $35, 850 as at time of writing this, it's just $4,150 away to reach $40k and I don't think it's very difficult to archive that price. Based on my speculation, I believe that the price can surge to $40, 000 sooner than we can tell.

As of now , hours after your post the price reached $36,400 and still climbing means we cut that to 3,600$ waiting to finally breaking 40k , what I am concern is what will happen after that reaching?
will the price goes to 42,000$ in which the next barricade or will fell down again to 30's?
while we are waiting very soon to Bullrun and hoping occurs in 3rd quarter of next year managing to add more in our folio would be a big help .

With the speed at which the market is surging, $40k is attainable before the end of the month, and it might even go above $42k before it plunges to $30k. Although that's not certain, I am only making my prediction based on assumptions and partially looking at the price trend before the last halving, when the market was down, but after the halving took place, the price began to see an uptrend until we finally entered the bull market. Sometimes the history might not be the same, as there could be some slight or huge difference in price.

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Definitely the price can go up. So yes Bitcoins are looking strong to be honest. If this type of demand keeps on increasing, then definitely in order to maintain the demand, the price will go up. 40k is a reasonable price, which can be easily achieved if this demand is kept by the investors. So yes as we know that next year is the 4th year for new ATH price, so we can easily claim that we are approaching towards that.

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Quote from: RioBlemz on November 06, 2023, 11:33:52 AM

Will it Hold? BTC Targets $40,000

The market is in a state of recovery from red, at least the recovery started in October and according to the current state of the market it can be said that it is still surviving with quite good changes.
Now it is very possible for Bitcoin to reach a price of $37k because the trading price level at least when I made this post was $36,699.34 with an increase of 3.7%.

The accurate answer is whether it will last and will target $40,000. In my opinion, it depends on the circumstances without ignoring bad habits that can occur at any time. For now, the goal of reaching $40,000 is very possible.

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Quote from: bittraffic on November 08, 2023, 10:46:34 PM

With the rate of its growth, it might just be $45,000 or more before the year ends. Patience in the bull market pays off. Very crazy market because just when I thought of buying back the ones I sold last weekend because I expected the price to dip, it continued to go up. Whales want the traders to get burned with their decisions.
It's only $4k to go to hit that $40k OP's target.

Now it is true that many traders are disappointed after selling Bitcoin in the previous days, because reaching $40K is no longer a far target this month and it seems that market conditions are getting better with the continued increase in prices which makes sellers regret it. And it is likely that whales will also continue to come to the market to buy at higher prices so that the opportunity for traders to seek short-term profits through Bitcoin will no longer be achieved.

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Quote from: Davian144 on November 08, 2023, 10:26:14 PM

Today the price of Bitcoin has risen again beyond $36K which is likely to go to $37K in the market, so there is a chance for Bitcoin to be at $40K this year if the current price increase continues. I was also quite surprised to see that Bitcoin was no longer difficult to increase this month when generally this year there is only more than a month left from now.

This doesn't happen like in previous years, there is a lot of speculation saying that the price of Bitcoin at the end of the year will experience a correction, but now what is happening is very surprising, after having stabilized during a drastic increase last month and now the price of Bitcoin is slowly starting to rise again, with what happened makes me even more optimistic that in the future this upward trend will continue, $40K this year is very close, and it is quite possible to happen.

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Now the increase seems to be faster and no longer difficult, I'm even confused as to why it continues to happen this month even though it has marked a price improvement that many people really want from previous months. Bitcoin holders should be quite happy about this price increase as the fruits of their patience have arrived and are clearly visible now.

That's right, this is a quite dangerous time for those who hold Bitcoin, with what is happening making Bitcoin holders more confident or what I mean by that is without any feeling of panic or anxiety about holding it longer.
I felt it myself, and now I have quite a lot of faith and hope for this to continue.

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Quote from: BitDane on November 08, 2023, 06:04:41 PM

Unless someone is really pushing the price to hit $40k.

Who should be that Someone ? I mean who are you talking that can push the price to 40k$ because that would be a hard task
to push this that high and needs billions of dollars to succeed .
and is it possible to be a Single person or at least a group|

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While the ETF is giving vibes, the problem with the increase of Bitcoin transaction fee might overshadow this hype. Hopefully, the problem with the ordinals exploiting the Bitcoin network fee stop soon so that the positive sentiment of the Bitcoin market grow even stronger.

let go of the fee because mostly it does not long sometimes just getting in a week or at least a month(but that should be the longest weeks)
and also that ETF vibes seems to be around , though for years now that we are talking about this yet does not come easily .
_______________________________________________________________________________ ___________________
we are all rooting for 40k and above because others wanted to take chances selling their coins in highest form before
the dumping happens again because it is usual when before Halving (and even after) as the bull will approach the next on that .

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