Topic: Will the price of BTC ever hit $40k again? - page 3. (Read 912 times)

How do you know that now more and more people are investing in Bitcoin? because I only see the amount of demand and supply on Bitcoin is getting better so the opportunity for Bitcoin to be at that price is also more possible on the condition that there is no more decline in the market or a large bear market in Bitcoin.
I don't doubt Bitcoin for that, but I only doubt it will achieve in the near future because Bitcoin price is still under $25K right now.

My view for a while was we spend 2022 doing pretty much nothing.    No big gains, no great movement beyond just retreading our own footsteps because thats what the market requires and needs to establish and confirm itself as valid.    The market always matters more then what you or we want, tough luck like that but you take the gains so the pain is the price also its not free.
   Even with a negative view 40k its possible, base reasoning to argue is volatility.   Volatile pricing is like a Richter scale, its not helpful overall but it means we can gain big or lose large amounts and we're not over volatility in crypto and outside of its sector such as the Forex and Bond markets will express volatility.   That makes crypto able to reach 40k again without requiring optimism about the global economy.

The main point is that BTC isnt even especially harshly sold, its lost its top half or best gains and when I say lost I dont care about peak prices because they arent half as significant as the most regular pricing put in at the base of the chart.  The majority of volume is built in anticipation, the correct view of BTC is we are neutral and if you dont reflect that perfectly normal attitude you are the negative not the market.
  Markets dont serve you, the primary purpose to make sure they continue to operate and serve the majority and highest volume possible, whatever price is necessary .

Although the price of Bitcoin has stabilized above $20k for a few weeks, it can be said that it is not safe, because there is a possibility of the price of
Bitcoin could drop again to below $20k. As you said right now we are still in a bearish trend, so there is a possibility that the price of Bitcoin will
drop lower. Even so, we don't need to worry about the current market conditions and also the large number of FUDs in circulation. Because Bitcoin
has been proven several times to be able to recover back to the ATH price, so I am very optimistic that Bitcoin can return to the $40k price,
although I'm not sure the price of $40k Bitcoin can reach this year. Most importantly we just focus on collecting as much Bitcoin as possible right now,
so when Bitcoin hits $40k again, we can make big profit.

Perhaps you are new and I understand that but you also have to dig deeper and make more searches from the past.
Well, as we can't deny that people are more excited about the upcoming halving and they are optimistic about the market price. You can also make yourself believe as well that we can possibly double our price today or even more. If you can just see OP, the last 2017 bull season BTC had reached almost $20,000 and last year was around $67,000. And from that, you can definitely say that $40,000 was really achievable.

basically bitcoin is still in bearish period and anything can happen even if we don't expect it.
and now many world figurs give an opinion / assumption that can be said to be unfriendly to bitcoin so that it adds to the panic value of traders, whether it is a sincere opinion or just wanting to catch fish in the market
like Peter Schiff, US Economist says that Bitcoin is forming a very bearish pattern. which indicates that the market will tend to fall. He also predicts that Bitcoin will retest

In actual since nobody knows the roots of cryptocurrency and especially bitcoin method of increment. And secondly, it's very obvious that Bitcoin have experience all this issues and situation of dragging down and after sometimes it rise again and meet up the standard of it. Direct to the question.bitcoin have the tendency to ascertain any price limit it wants because it not been regulates by anyone.

In terms of possibility, yes. $40,000 is considered a realistic price that can be achieved.

However, is reaching $40,000 really a must-question that we need to ask? Why ask that in the first place? Why not just focused on our goals to increase our stash while waiting for our respective moon price?

Since there's no way we will know when will bitcoin price will hit that price level, just go with the flow of the current trend and do your best to accumulate bitcoin as much as possible. That should be your task for now instead of thinking about when your preferred bitcoin price will hit.

It may or may not happen anytime soon. We cannot predict the market man. With the upcoming merge of Ethereum next month, there are no guarantees or promises if the price of Bitcoin would shoot up to $40k unless the next "Elon Musk" is going to successfully hype us later on. Just my two sats.

Yes of course there will be no question whether Bitcoin will reach 40K. But even though the market conditions have stabilized a bit in the past few days, I think we still have to wait for a good while to see good pumps. No one can give 100% guarantee that when it will happen it's totally depends on market condition. However, according to many experienced market analysts, the market will start to recover by mid to late 2023.

I'm almost 100% sure it will not only reach $40k but $60k again. The only question is when.

Here's how I see it. Bitcoin is a growing market that isn't promoted by anyone. It relies on its current user base to advertise it and spread the word. It's not a company that buys time on TV. It's not an MLM where you're getting paid by getting a few people to invest. The longer it's around the more people hear about it and start to use it. Knowing that and limited supply, we simply have to slowly go up in price, especially that fiat money like USD faces growing inflation. $10 from 2020 when bitcoin was worth 20k is not the same $10. It's purchasing power is 10% lower, so if the inflation continues, in 10 years your 1BTC will be worth around 40k, even if the demand doesn't grow and it will grow because we have halvings which are another important factor that decides the price.  

If you met the circle before this last one you wouldn't be scared as to asking this question. When Bitcoin hit its low of $3k+ after it did $19k+ in 2017, many thought that was going to be its end. Like a phoenix it is, it showed up again and did over $64k in 2021. At its current price of less than $24k, those coming newly into this game will think it won't spring back and above $64k. I'm banking on Bitcoin to do more than a triple on its last ATH of $64k. My confidence is that high on this because I've seen such rebound replicated twice since I joined this industry. OP, asking if Bitcoin would get to $40k is belittling what it can do.

Some patterns of speculation help us to analyze the upside opportunities will increase going forward, Bitcoin market conditions have stagnated below 50% decline after the crash, so my prediction on the future halving will be a high recovery and so very confident that a $40k recovery will be achievable after the bear market.

There's a pattern to follow though to help you at least somewhat be assured that the prices are likely to go up in the future, a quick look and comparison to patterns during halvings of bitcoin can be used to help you predict when will the prices go up again. That's my basis though, not saying that it's accurate but I see that each halving, bitcoin doesn't gets a new floor.

Many speculations are showing nonstop. Some are saying that cryptos will again reach ATH but to some technical analyses, it will be hard for majority of cryptos to again break ATH. In reality, it is quite close to impossible to predict market behavior, accurately or atleast precisely. There are many factors affectinf market value and each of these factors are changing from time to time which further affect market prices. On my end, I do believe that someday Bitcoin's price will again soar high along with other cryptos.

Exactly this logic for sure. I mean we have never stayed under ATH forever, we always kept on breaking it, even if it takes years, we always broke the price record. Which means that 68k was the biggest price we saw, and that means we are going to be 70k or more in the future, I do know when but it will happen for sure.

This is what I care about and I believe that it will happen sooner rather than later. That's how we could make sure that crypto is doing better. This is not something that could be timed though, I mean maybe this month, maybe a year from now, we can't really know the time of it, we can only guess. But I know for sure that it will happen eventually, or at least hope for it.

Yeah we all can make speculations regarding the price but can't tell exactly what will happen next but as we estimate we are left with $16k approx to touch the mark of $40k this year again and we still have 4 months behind so if we estimate it then it seems achievable if some big investment are made into the market.But will see with time what happens exactly.

As BTC is King of coin and struggling from couple of months to sustained and recovering. Moving around 24 and 25K as hit the 17k lower low in the month of June. And rising up slowly. The question about 40$K is very tricky. As we see, I'm wrong not sure that if you sustained for half of year in BTC then I assure you a huge benefits for you.

That's possible but will take some time years ago back in 2018 when the market collapsed people were asking the same question about 15K and they were worried if bitcoin will ever see the price of 15K or not and this happened, take some time, and better to say years but finally we saw that price and even more since again. According to that experience, I can say we will see the price of 40K and even more once again but first, the market should finish the bearish phase because right now and even after the recent bullish movements we are still in a bearish phase and cannot expect to see high prices.

I can't say for sure if it will happen in the next few months or if it will happen at the end of the year, but I also agree with everyone here that the target is $40k, for sure bitcoin will hit it again.  The market is always volatile but one thing is for sure bitcoin will always go up if we look long term in years.

The closest target we need to hit is $30k, which is the key support during this bear season. If crossed, I believe $40k will happen this year.

Crypto is a volatile market and high volatility if you only want to reach $40k it can definitely happen, it's just a matter of time because currently bitcoin is still in bearish mode. people say the new ATH will hit $100k in a few years or it could be faster. and vice versa, bitcoin hit the bottom price back below $20k when a lot of negative sentiment started to appear, when that happened then it was a good opportunity to buy and add bitcoin assets. So every opportunity up or down should be utilized as well as possible.