Will it Hold? BTC Targets $40,000 - page 8.

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Quote from: Davian144 on November 08, 2023, 11:26:14 PM

Quote from: kingvirtus09 on November 08, 2023, 06:07:19 PM

In fact, what is happening in the market today is still very unpredictable. In my personal observation, it is really possible from this month or before the end of this year that Bitcoin's value price will start to play between 40k and 60k at the beginning of 2024, which will actually remain and continue to bullish trend. This is what I actually see.

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.

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Let's really take advantage of the opportunity until we are not in a real situation where it will be really difficult for us to keep up with its rally when it starts running to move forward, and when this happens, as the value moves forward, the rise will be faster for sure.

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.

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.

Davian144

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Quote from: kingvirtus09 on November 08, 2023, 06:07:19 PM

In fact, what is happening in the market today is still very unpredictable. In my personal observation, it is really possible from this month or before the end of this year that Bitcoin's value price will start to play between 40k and 60k at the beginning of 2024, which will actually remain and continue to bullish trend. This is what I actually see.

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.

Quote

Let's really take advantage of the opportunity until we are not in a real situation where it will be really difficult for us to keep up with its rally when it starts running to move forward, and when this happens, as the value moves forward, the rise will be faster for sure.

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.

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Quote from: Reatim on November 08, 2023, 10:33:30 PM

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?
...

I believe the price will most likely reach $40K this month, and I think the small price increase we see has quite a bit to do with this:

SEC’s first window to approve all 12 spot Bitcoin ETFs to begin today

Quote

There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC, according to Bloomberg ETF analysts James Seyffart and Eric Balchunas.

The market is waiting expectantly for the long-awaited news.

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

Dr.Bitcoin_Strange

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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.

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Quote from: BitDane on November 08, 2023, 07:04:41 PM

Before this ordinals issue, I think Bitcoin will rally ro $40k before the trapping begins but with the resurging of ordinals, I think Bitcoin price rally might get affected. We might see the price of Bitcoin going sideway while the issue about the ordinals taking place. Unless someone is really pushing the price to hit $40k.

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.

Ordinal does not affect the price of bitcoin to rise, it only causes the network to become congested and expensive until now I see in mempool fees reaching $3 - $4 really implies this is hard for those who want to send small amounts because TX is expensive.

I think this ordinal is only a few moments maybe after the hype ends the situation returns to normal for the onchain network, as for the sentiment of the bitcoin price in November it is likely that we have to wait for other positive news, it could be that the price of $ 40K is very close, it's just that throughout a few weeks bitcoin has been sideways.

ETF news does not affect the cost only on the ordinal, about this ETF news will never disappear at least until next year.

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Before this ordinals issue, I think Bitcoin will rally ro $40k before the trapping begins but with the resurging of ordinals, I think Bitcoin price rally might get affected. We might see the price of Bitcoin going sideway while the issue about the ordinals taking place. Unless someone is really pushing the price to hit $40k.

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.

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Quote from: BITCOIN4X on November 08, 2023, 05:58:06 PM

Quote from: Natalim on November 08, 2023, 05:39:33 PM

No matter whether the price of Bitcoin will rise to $40k or fall back to $30k, I still holding because my target is the next ATH. In fact, if you are a true holder, it is not a question if we hold or not but if you are just a short-term investor, I'd still say, hold your Bitcoin and wait for the right time to sell.

We never know when it comes ($40k) but surely we will get there. But while seeing the price movement, it looks like we possibly reach this price before the year ends. Holders will somehow not worry about it as I was certain that our waiting was not in vain.

You don't need to care about short-term volatility if you have made a long-term investment plan.
Bitcoin has great potential to record a new history at an all-time high price after the halving next year, but of course you have to have good patience and ignore the short term.

In the short term, $40k becomes very possible if bitcoin manages to break the $36k resistance. It appears to be the strongest resistance since the price surge in October to date, but it is likely that it will be broken as soon as possible. Today the market still tried to test this resistance, but still failed even though it was only $ 200 away from its highest price in the last 24 hours.

So far we have reach $35,900, but as you have said, the magic number is $36k so it's just a couple of hundreds of dollars from now and the chances are very high is the positive sentiments of the market will continue.

I think it has something to do with the news that U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push.

So this is a very good news for us since we have been anticipating that the Spot Bitcoin ETF will be approved by the SEC. It's just a matter of time, and I will speculate that it's mostly next year just before or after the block halving.

kingvirtus09

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Quote from: RioBlemz on November 06, 2023, 12:33:52 PM

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.

In fact, what is happening in the market today is still very unpredictable. In my personal observation, it is really possible from this month or before the end of this year that Bitcoin's value price will start to play between 40k and 60k at the beginning of 2024, which will actually remain and continue to bullish trend. This is what I actually see.

Let's really take advantage of the opportunity until we are not in a real situation where it will be really difficult for us to keep up with its rally when it starts running to move forward, and when this happens, as the value moves forward, the rise will be faster for sure.

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Quote from: Natalim on November 08, 2023, 05:39:33 PM

No matter whether the price of Bitcoin will rise to $40k or fall back to $30k, I still holding because my target is the next ATH. In fact, if you are a true holder, it is not a question if we hold or not but if you are just a short-term investor, I'd still say, hold your Bitcoin and wait for the right time to sell.

We never know when it comes ($40k) but surely we will get there. But while seeing the price movement, it looks like we possibly reach this price before the year ends. Holders will somehow not worry about it as I was certain that our waiting was not in vain.

You don't need to care about short-term volatility if you have made a long-term investment plan.
Bitcoin has great potential to record a new history at an all-time high price after the halving next year, but of course you have to have good patience and ignore the short term.

In the short term, $40k becomes very possible if bitcoin manages to break the $36k resistance. It appears to be the strongest resistance since the price surge in October to date, but it is likely that it will be broken as soon as possible. Today the market still tried to test this resistance, but still failed even though it was only $ 200 away from its highest price in the last 24 hours.

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No matter whether the price of Bitcoin will rise to $40k or fall back to $30k, I still holding because my target is the next ATH. In fact, if you are a true holder, it is not a question if we hold or not but if you are just a short-term investor, I'd still say, hold your Bitcoin and wait for the right time to sell.

We never know when it comes ($40k) but surely we will get there. But while seeing the price movement, it looks like we possibly reach this price before the year ends. Holders will somehow not worry about it as I was certain that our waiting was not in vain.

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Quote from: ImThour on November 06, 2023, 12:43:24 PM

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.

The price will not be available at this present market conditions but in the future it will be available.

This will be so because after the upcoming bull run, what comes thereafter is the bearish market. It is expected that during the bearish market, the price of bitcoin will go down in price. It might go down below $30k or $20k price by then. Since bitcoin has a four-year circle of halving season, which is comprised of the bear market and bull market.

Bitcoin is heading toward its halving(next year) and the bull run(months after the halving), which will make way from 2025 to 2026, giving bitcoin a new ATH towards that time.

Buying bitcoin and patiently Hodling it, is the key every investor should adopt at this time, the price of bitcoin is somehow cheap and can give many profits in the future

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Bitcoin is currently priced at $35,630 so reaching its $40k new price resistance may seem to be a piece of cake for bitcoin. Most especially that the market is looking forward for big events in the next months, then I must say as long as the market remains to be in a positive position, then we have no reason to expect that bitcoin price will be compromised again. However, the market is still unpredictable and it does not mean that if bitcoin is currently in a positive position at the moment, then its price will continue to soar high without chances of dropping.

That's why volatility is here. People should not be too confident that whatever they see at the moment is now fixed and will never be susceptible to changes. Of course, this is not possible. As long as volatility is highly encouraged, then we can always speculate for another price drop next to the price surging on bitcoin. But it also depends if the positive factors will continue to affect the market positively, then we might be seeing a new all time high for bitcoin as early before this year ends.

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Quote from: Yamane_Keto on November 08, 2023, 12:34:59 PM

I don't understand, but there is nothing special about the price of $40k. It is true that for humans, $39k and $40k are different, but from a graphical perspective, both prices are the same.
Will Bitcoin reach 42k? Yes, that will happen, but will the price be able to continue to stay at that level? I very much doubt that. We will be in the 30k-40k range for a while.

Me too, I don't see anything special about the 40,000 Bitcoin price because is not as if we have not tested that price before and also is not like we are going to see that price just once in a lifetime, because we are already closed to 36,000 on multiple attempts and if all things being equal, reaching that price shouldn't be a big deal from this point onwards, this is most important to take note of so as not to make any unnecessary speculation when we eventually arrive at that price in the days to come.

Bitcoin already has a lot of price-triggering program lineups for it in the coming months and days/weeks ahead and a 40,000 price is something that looks like a base minimum to consider as a price to speculate about for now.

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I don't understand, but there is nothing special about the price of $40k. It is true that for humans, $39k and $40k are different, but from a graphical perspective, both prices are the same.
Will Bitcoin reach 42k? Yes, that will happen, but will the price be able to continue to stay at that level? I very much doubt that. We will be in the 30k-40k range for a while.

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Quote from: Wapfika on November 08, 2023, 11:51:06 AM

Quote from: jeraldskie11 on November 08, 2023, 10:49:09 AM

We can't tell that the market will hit $40k before it retrace because if you look at the 4h time frame you can see a equal highs, meaning there is a liquidity sitting above. So in order to verify that the price will continue to increase is to wait for the close of the candle above that equal highs, but if the candle closed below or just swept a liquidity it's a confirmation that the pullback is starting to go down and possibly hit $30k before it goes up to reach $40k.

Correct analysis. But I believe the majority of traders is now inclined on bullish side instead of the potential bearish since Ber months is always a bullish for Bitcoin market whenever there’s an upcoming Halving next year. History always repeats itself on crypto trading which is what the traders commonly use as reference on their trades that creates this bullish movement due to unity on being positive.

I believe we will close above 40k this November since the price is sitting strong already on the 34k to 35k range for a week. No one is willing to let go their position in preparation for the next year halving.

In the previous weeks, we clearly say that the price of Bitcoin is impulsively increasing, this only means that traders are only interested at buying while on the side there is no sellers that are interested. But what happened when the price reaches $35k? It's started to consolidate, meaning there is an equal or almost equal volume of buyers and sellers. In other words, buyers domination has stopped. Equal highs are very strong indication that the price will swept that area before the pullback starts. Another confluence that price will go down is to seek liquidity, EOF, and to rebalance the gap.

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Quote from: jeraldskie11 on November 08, 2023, 10:49:09 AM

We can't tell that the market will hit $40k before it retrace because if you look at the 4h time frame you can see a equal highs, meaning there is a liquidity sitting above. So in order to verify that the price will continue to increase is to wait for the close of the candle above that equal highs, but if the candle closed below or just swept a liquidity it's a confirmation that the pullback is starting to go down and possibly hit $30k before it goes up to reach $40k.

Correct analysis. But I believe the majority of traders is now inclined on bullish side instead of the potential bearish since Ber months is always a bullish for Bitcoin market whenever there’s an upcoming Halving next year. History always repeats itself on crypto trading which is what the traders commonly use as reference on their trades that creates this bullish movement due to unity on being positive.

I believe we will close above 40k this November since the price is sitting strong already on the 34k to 35k range for a week. No one is willing to let go their position in preparation for the next year halving.

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Quote from: RioBlemz on November 06, 2023, 12:33:52 PM

Will it Hold? BTC Targets $40,000

That means I just reopened the Bitcoin price chart site to see the Bitcoin price on the first day of the second week of November.
The movement of the graphic line convinces me that the price can survive and has the opportunity to reach the desired target. The current $35,193 price level remains the most important before arriving at the $40,000 target to trade.
I am still in a holding position by taking advantage of the situation to slowly get to the $40,000 price level.

jeraldskie11

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We can't tell that the market will hit $40k before it retrace because if you look at the 4h time frame you can see a equal highs, meaning there is a liquidity sitting above. So in order to verify that the price will continue to increase is to wait for the close of the candle above that equal highs, but if the candle closed below or just swept a liquidity it's a confirmation that the pullback is starting to go down and possibly hit $30k before it goes up to reach $40k.

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Quote from: btc78 on November 08, 2023, 08:59:24 AM

It doesn't matter for me if bitcoin will cross or not that 40k level price because I am contented on how much I am holding now and how much I am expecting in the next coming years .
Bitcoin may jump over that value and surely recording another ATH so unless you are for short term then this would be your problem but not for me.
though i am praying that Bitcoin will hold that 40 till next year and make the bull runs after April (hopefully everything will go that way)

You are right, those who invest for the long term are not affected by the price of Bitcoin being low or high at that time, because these people have set a target point which can give them a good profit in the bull season. I think there are people who invest in Bitcoin for short term.Altcoins are also linked to the price of Bitcoin because whenever the price of Bitcoin increases, the prices of altcoins are also likely to rise. So such people are waiting for the price of Bitcoin to increase.

Hence such people are watching Bitcoin's $40k+ mark very closely. So we should take care of others along with ourselves. However, if we look at the RSI, fear and greed and resistance and support indicators, the chances of Bitcoin going down are high. You are praying for $40k, and we are praying that the price of Bitcoin will touch $25k again, so we can buy more.

Topic: Will it Hold? BTC Targets $40,000 - page 8. (Read 1222 times)