Will it Hold? BTC Targets $40,000 - page 9.

btc78

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

Will it Hold? BTC Targets $40,000

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)

kotajikikox

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Quote from: ImThour on November 06, 2023, 11:43:24 AM

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.

Love that speculation because it is also what I wanna see in the movement sooner but like what you said I think better for me to close my eyes instead of planning to sell when it reach 40k and buy again once it falls down to 35k level.

But like what you said , I might not see another 30k level again in the future so better for me to stick to HODling than considering buying and selling.

Quote from: philipma1957 on November 07, 2023, 11:22:08 PM

nov 30-dec 1 42k

dec 31-jan 1 48k

and profit taking in jan 2024 down to 40ish

if we stay with the 2015-2017 pattern.

this would be my merriest Christmas when comes , but like what said this is if we stay at 2015-2017 pattern .

hugeblack

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The $32k level was a resistance level for a long time, and therefore it will be a support level for a longer period, and as long as Bitcoin continues to stay above $30,000 for a longer period, a higher correction has also become unlikely, and as long as the option of a correction is ruled out, we have two options, one of which is for Bitcoin to rise to $42,000, or for us to remain at the same level. Currently, we are likely to test that level before settling at some point above $32k and below $42,000.

traderethereum

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Maybe bitcoin's next target is around $40k or lower at $37,500. But whatever the next target, the price of bitcoin will reach $40k.
We are optimistic that bitcoin can reach $40k by the end of November or even sooner.
This week will remain sideways for a while, seeing the price neither rise nor fall drastically again. So it is still a good time to accumulate more bitcoins.
But that's if they realize that they can buy at this price without thinking about the next drop that could occur.
You need to analyze to find a low price before trying to place a buy order to get the opportunity to accumulate more bitcoins.

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Quote from: Yaunfitda on November 07, 2023, 05:13:20 AM

Quote from: ImThour on November 06, 2023, 11:43:24 AM

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.

Yes, thanks I mean we all know how bitcoin prices moved, but I was surprised about your prediction that the price will move to $32k first before moving to $40k. For me, my speculation is that the price might continue to move on to $40k without dropping to any support line.

But let's see, it's very exciting to see how the price will go prior to the bitcoin halving. Everyone is anticipating a huge rally before halving though. Others see that the pre-halving the price might be $50k and then we will go an move on a massive bull run in the next two years, 2024-2025 and go six figures.

We wait then, and I guess everyone is in unison that we will get to $40k, just a matter on how and when.

I mean by the looks of it, it could be considered that reaching to 32k wouldn't be impossible, it's a close by enough level that it could happen. I am not saying that it will happen, we may not drop there, I am just saying that it wouldn't be impossible to see it there. As long as we could give it some squeeze, we could see it go down that low, it would be very little drop and that's understandable.

However, 32k or not, one thing I am sure about is that it will go to 40k and that's an important thing, because it means we could invest right now and make a profit. I do not have to wait for a 32k drop, I think I can invest right now and I know that it will be 40k and even more than that later on as well with bigger increases.

philipma1957

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Quote from: cryptomaniac_xxx on November 06, 2023, 12:40:32 PM

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

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.

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

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.

nov 30-dec 1 42k

dec 31-jan 1 48k

and profit taking in jan 2024 down to 40ish

if we stay with the 2015-2017 pattern.

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Quote from: mirakal on November 07, 2023, 03:42:00 PM

Quote from: ImThour on November 06, 2023, 11:43:24 AM

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.

I am really optimistic that hitting the target price of $40k before this year ends is very possible as the price would even exceed it and continue to skyrocket and reach its new all time high. We are now on the last quarter of the year so expect that this season is more bullish compared to its previous months, that even history may prove it. However, that does not mean that bitcoin will never experience a price decline anymore, of course it's always possible due to market volatility but even so, it will definitely recover again and return to its original bullish price.

Most especially that we are anticipating big events for bitcoin in the next possible months so we can really speculate that bitcoin at the moment mark its bullish start and this will continue as long as there are positive factors in the market that continue to affect bitcoin price positively.

Right now predicting the price of bitcoin is proving to be very problematic, on one hand the demand seems to be high enough for the price to go through yet another pump which could put it close to the 40k level.

But at the same time this is a very high price already, the halving has not even happened and we will be relatively close to it already, and when I think about this from that perspective I think a correction before the halving also makes sense.

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Quote from: ImThour on November 06, 2023, 11:43:24 AM

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.

I am really optimistic that hitting the target price of $40k before this year ends is very possible as the price would even exceed it and continue to skyrocket and reach its new all time high. We are now on the last quarter of the year so expect that this season is more bullish compared to its previous months, that even history may prove it. However, that does not mean that bitcoin will never experience a price decline anymore, of course it's always possible due to market volatility but even so, it will definitely recover again and return to its original bullish price.

Most especially that we are anticipating big events for bitcoin in the next possible months so we can really speculate that bitcoin at the moment mark its bullish start and this will continue as long as there are positive factors in the market that continue to affect bitcoin price positively.

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Quote from: YOSHIE on November 07, 2023, 10:28:38 AM

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

-snip-

That's the hope of all crypto users and some of the speculation I've seen recently is that Bitcoin will rise to the $40k level without another decline and continue in 2024, once again it's just speculation meaning it could be right and wrong, still staying at $40k isn't a promising specific.

For me, I don't have much hope for the future of the Bitcoin movement, for certain reasons based on the overall situation of people's lives in various parts of the world, the current situation is getting worse, Considering much from the previous year, I feel optimistic about what will result in the development of Bitcoin in the current market, there is only one hope for the future that Bitcoin will be the best for all people around the world, regardless of staying in the $40k position or not.

Price volatility is completely unavoidable, so corrections and increases are part of it. Even if bitcoin can break $40k, the potential for it falling back below $40k is always there even if trends seem to say otherwise. A large increase will be followed by a decrease, this is normal, especially when the market is overbought.

If bitcoin eventually breaks $40k, then I believe its value will still be difficult to maintain, unless there is a lot of continued support that generates a lot of market excitement. FOMO will happen when the SEC approves the ETF, so I guess that will be one of the deciding factors in whether the $40k hold or not.

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Quote from: ImThour on November 06, 2023, 11:43:24 AM

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.

I love the confidence in this prediction even as you have given a time frame, but then also what I may doubt in this speculation, is the part where you mention that Bitcoin will reach 40,000 prices and then drop back to 32k.

I may have seen such an outcome of the Bitcoin market before, but at this time and stage, Bitcoin is now far from dropping to 32k before and after Bitcoincoin halves which is a few months ahead.

YOSHIE

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

we might witness further gains up to $40,000.

That's the hope of all crypto users and some of the speculation I've seen recently is that Bitcoin will rise to the $40k level without another decline and continue in 2024, once again it's just speculation meaning it could be right and wrong, still staying at $40k isn't a promising specific.

For me, I don't have much hope for the future of the Bitcoin movement, for certain reasons based on the overall situation of people's lives in various parts of the world, the current situation is getting worse, Considering much from the previous year, I feel optimistic about what will result in the development of Bitcoin in the current market, there is only one hope for the future that Bitcoin will be the best for all people around the world, regardless of staying in the $40k position or not.

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Quote from: ImThour on November 06, 2023, 11:43:24 AM

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.

If it's buying Bitcoin and Hodling it for as long as possible, I don't think anyone could naturally regret that and it's obvious.

But saying Bitcoin would hit $40,000 for sure this year is just what I see as possible but will not happen. The ETF saga has rekindled hope about its bull run of recent, yet, as much as people are lousy about it, I see the limit at the Fibo level of 38.2% at $35,865. The market successfully hit the level and has been respecting it as expected and this is what would slip it into a major correction for it had moved up about $10,000 within a month, there is a need for such a retracement.

This is what it would do between now and December, and before you know it, the year is gone and my instinct of $35,000-$37,000 barrier for the year would then prevail. Aside from this, there is still much resistance ahead of $40,000, so Bitcoin can't possibly hit it technically and the events that are emboldening such expectations are only assumptions not actual outcomes.

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Quote from: ImThour on November 06, 2023, 11:43:24 AM

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.

Yes, thanks I mean we all know how bitcoin prices moved, but I was surprised about your prediction that the price will move to $32k first before moving to $40k. For me, my speculation is that the price might continue to move on to $40k without dropping to any support line.

But let's see, it's very exciting to see how the price will go prior to the bitcoin halving. Everyone is anticipating a huge rally before halving though. Others see that the pre-halving the price might be $50k and then we will go an move on a massive bull run in the next two years, 2024-2025 and go six figures.

We wait then, and I guess everyone is in unison that we will get to $40k, just a matter on how and when.

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Sooner or later, Bitcoin price will surely reach $40k and rise even higher. It was only a matter of time for Bitcoin to rise again. And sooner or later, we're bound to see $40k and higher.

We have to remain patient in waiting for the price target we want. And when we see it later, it's better not to be greedy in taking advantage of it. Taking profits as soon as it reach the price we want will be better than waiting for a higher price that may not be reached then.

Currently, the Bitcoin price is still experiencing a correction and this will continue until the end of this week. But hopefully, it's wrong so the price can reverse direction and increase again to a higher price. People also still wait from time to time and they are still patient. So it's better to use this correction time to increase the number of Bitcoins again.

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Quote from: kentrolla on November 06, 2023, 09:40:25 PM

$40,000 is definitely achievable and I am sure we will even reach somewhere near $45,000 and most of us are predicting similar with our own way of analysis but there will be a correction phase as well and not sure whether it will be $30,000 or even less than that and anything less than $20,000 is not a good sign for us. Whenever there is a pump or bull run Bitcoin is over bought and it retracts back which we consider correction phase and often people misunderstand this as start of bearish market and start selling without doing any research as such sort of fear is created at that point of time as a result more than corrective phase it's the users like you and me dumping the coin which pull Bitcoin further down and makes it look lik bear run. If we are able to manage this phase smartly without dumping then we will have an extended green days.

I'll say " possible " but not "definitely" because that word sounds like " guarantee " but we all know that everything is possible or can happen in the crypto market. What if the rise that we are feeling now won't continue? Or it will go down for a while? Keep in mind that we are still far from $40k.

I think not many people are predicting $40K-$45K, but $34k-$35k - yes. If higher than it, that will be $100k but they assume this to occur next year due to the situation we are having right now and then we only have a small time left. If BTC is over bought, that should lift the price more, not to go down or for us to experience a correction although people can also sell which results for that.

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I agree that it is likely to continue its bullish momentum this week, the demand is exceeding supply for positive signs. The weekly RSI is above 70, which indicates that Bitcoin is overbought. This could lead to a short-term correction, but the overall trend remains bullish. The MACD is crossing above the signal line, which is another bullish signal. The 200-week moving average is at $31,500, which is a key support level. I think that Bitcoin is well-positioned to continue its rally towards $40,000 in the coming weeks. However, it is important to be aware of the potential for a short-term correction, especially if the RSI gets too overbought.

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If we get word that the etf is approved then I will most likely head to $40K. But after that it matters when it’s finally listed on the stock market.

Usually events like this are sell the news. The product goes live and it marks the top. Happened with the futures etf, then coinbase listing and later the stock market futures etf.

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

Will it Hold? BTC Targets $40,000

I believe the $40k target this year is achievable but bitcoin will not go from $35k to $40k without any correction. We have grown quite a bit in the past few weeks without any correction, and I think it is time to pull back before conquering new growth levels. I predict a correction to occur mid-November through the end of the month and we will start rising again in December. I'm waiting for bitcoin to correct to the $32k area so I can accumulate a little more bitcoin for myself.

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Yes, we expect the market to remain bullish this week. Bitcoin may continue to rise from here to achieve the main target for the middle of the large wave between 37,000$-40,000$, either with a continuous rise from here or with a small correction and then rise.

Many positive indicators in the market suggest a continuation of the rise and we hope to see large numbers from here until the end of the year, of course with continued optimism that we will see a new peak after halving, so yes, holding is the best strategy at the present time.

kentrolla

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$40,000 is definitely achievable and I am sure we will even reach somewhere near $45,000 and most of us are predicting similar with our own way of analysis but there will be a correction phase as well and not sure whether it will be $30,000 or even less than that and anything less than $20,000 is not a good sign for us. Whenever there is a pump or bull run Bitcoin is over bought and it retracts back which we consider correction phase and often people misunderstand this as start of bearish market and start selling without doing any research as such sort of fear is created at that point of time as a result more than corrective phase it's the users like you and me dumping the coin which pull Bitcoin further down and makes it look lik bear run. If we are able to manage this phase smartly without dumping then we will have an extended green days.

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