Bitcoin Forum

Today when the value of Bitcoin was surging it almost felt like Bitcoin is going to cross $40k or the previous ATH but again it was short-lived but there was no massive dump which is our last hope that Bitcoin will reach new ATH during this bull cycle. What do you think about Bitcoin's chart for next 4 to 8 weeks? Will it there be further corrections or else it will break the previous ATH? We will strike out the possibility of any stability.

Yes. I don't know what it will do next week but I would be very surprised if it doesn't cross the $40k mark in the next 8 weeks at most. Demand is clearly higher than the offer and short-term FUD due to news can't last long, so the price has to tend to go high.

I think 2021 will be the year Bitcoin touches the $100k mark. This is my train of thought: if last year ended with a a bunch of institutions queueing to make fillings for the SEC this year shouldn't be any different. We already see MicroStrategy and Grayscale continue to stack up, while new entrants like Marathon Patent Group getting their feet wet recently with a $150M capital injection.

IMO this is really bullish action and most likely we are now just preparing for another major leap towards $100k. Next major level is $50k which acts as a psychological price point as well.

Bitcoin is going to cross $40k no problem. There is always bigger resistance or sell pressure
at key price points, $40, $45, $50 etc. This year is a bull market and there will be 10%, 15%
etc. dips on the way to $100k, its normal.

And yes we will hit $100k too this year if we follow the stock to flow chart.

What is it that there's seems to be the last hope for it to reach the ATH? I just don't think that we need that term "last" as it looks like it is in danger.
In reality, it isn't.
No one can tell what will be the next scene for the next weeks to come. Evaluate that there will be corrections and pumps again.

the price failed to break the $35,000, and whenever he tries to break the $35,000 he drops a lot to $31,000. for us to see $40,000 needs to break $ 35,000 and $37,000


100K Is very high, I wonder what the marketcap should be

I think 2021 is the year when bitcoin will be touch atleast $75k. And breaks all time high price ricords. And bitcoin creat a history to the world and shows the world that how power is this. It can replace anything, it is ready to compete anything and it is able to defeat also. I wish that bitcoin cross atleast $50k so that we can shows our countries government with full of confident that we want bitcoin in our country. Make it legalise. And gives us full freedom to work on this technology in our country. And it is our demand. It is a technology not a weapon that criminal use to crime. Criminal use every technology to crime soo did you guys ban every technology?  No, then why bitcoin. Lets hope for the best.

We can expect price corrections, at the same time there is more chance of recovery. Because, this time the market scenario is very different from the previous bull market. Over the next few weeks there is more chance of bitcoin go close to the previous ath value that's been reached few weeks back. I don't think bitcoin gonna make a new ATH this year. There is more chance of incoming growth to take place with ethereum over the falling weeks.

When we do talk about;

•Corrections
•Breaking ATH's
•Buy time/Sell time points

Then these are things which we really don't know, if we do then we are all rich as of this moment yet
we do know on where those prices will go.It all matters with the demand when we do talk about 40k.
Yes, its short lived but we aren't really too far of for us to reach or break that point.

Yes it would be bullish once due to institutional investments and this bull run is much more different than the one we had in 2017 as this Bullrun is limited to bitcoin and few altcoins like Ethereum unlike 2017 wherein almost every altcoin went bonkers. As you mentioned once Bitcoin touches $50k it would be flooded with much more investments from mid level users as well since it acts as a psychological figure. But any idea what would be the long term plans in these institutions who are investing massively into bitcoin?

Not yet, we still have CME Bitcoin Futures set to expire on January 29,2021.

https://www.barchart.com/futures/quotes/BTF21/overview

So up to that point, we see the price fluctuating, a good gauge will be the start of February, maybe we can see some break out, that will push the price to $40K again. But I agree that the price went to $35k very quick today, but it was not sustained.

Yes, I think bitcoin will overcome its former ATN. It will just be a matter of time. If we adhere to the theory of cyclicality of bitcoin, then now bitcoin should not go down for a long time, but soon it will overcome the old ATN. Of course, you can paint a lot, guess about the bitcoin rate, but time will tell. I think that the previous ATH will be overcome after a 2 month break.

I couldn't tell what exactly happens to the bitcoin price by next week or next month, but I assume that bitcoin price will never fall down touch much as a heavy correction as other expected right after the new ATH will hitted. They think that this will happen like 2017 the last bull run, after having a huge price increase the correction was too much and almost hit the ground, but for now, it didn't happen.

Possible bitcoin will grow more than $40k, but we can't tell when it is. Let's wait and see what will happen. For me, I'm very positive that the price will keep grow.

I would love to see Bitcoin touching the $100k mark but I think the Bitcoin market isn't ready for this yet even though we are currently entering the peak of the Bitcoin 4-Year Cycle (https://www.youtube.com/watch?v=ivWdOztDkv4&t=1284s). With that, I strongly believe that Bitcoin will steer towards way past the $40k and possibly break the $50k barrier this year.

The correction was not too much because a lot of institutions are into bitcoin right now. Some even bought their huge stash above $30k. The holders right now is different from 2017. More and more companies are trusting bitcoin to be in their investments portfolio. We have a strong support in the 30k level. So aiming for 40k is really not so difficult here. Who knows, we will achieve that again by next month? Movement in crypto is so fast, you can't even catch up.

It's quite hard to determine how fast or slow BTC will move towards $40k again since we don't have control on any activities some bugs companies might do. We didn't expect the recent ATH to happen that fast, so anything is possible in crypto. All we can do is to be updated and watch the market especially if we know we have BTC in us and plans to sell it, but if we're into long term and set our mind not to sell it yet at all cost then we can free ourselves from worries.

We can only see it again happen when the whales decide so. They manipulate the price to create a hype to the investors. Eventually we will be seeing a higher price than 40000$, its time to buy more coin. Knowing how big the companies have invested on it, they wont risk their fund and just let the price dip.

We are still in the period of consolidation, although there was a brief moment that the price spike up and perhaps this is what the OP have seen, but in the last 8 hours or so the price seems to dip again, currently at $32,500. Still not bad a price for bitcoin at the end of January.

Overall, there are still strong supports around the $30k line, although it rejected $35k right away, we are still bullish. We need first to re-test $35k this week before we can see a upward swing to $40k again.

Every coin needs to rest before it pumped, that also applies to bitcoin. Bitcoin needs to be rest, it can't always fly. So this normal if Bitcoin can't to reach it. Just trust it that sooner or later bitcoin will make a new ATH. That's why the holders are the real winner. They can patient with every situation and they will feel the results

Bitcoin still having a hard time passing through the $35k mark and from what I see is bitcoin is still in the consolidation phase after the big price dump from last week I think as long as bitcoin holds to the $30k mark we should be fine and should be seeing bitcoin reaching $40k again in a few weeks. Bitcoin support is still strong maybe the bulls haven't hit the final target yet.

They are trying to break $20k resistance level but bulls are still strong and this may still lead back to $40k or perhaps more than 40k usd. The only question is when, we don't know that yet.

There are also fuds circulating about Grayscale's bitcoin trust growth (https://www.google.com/amp/s/www.fxstreet.com/amp/cryptocurrencies/news/bitcoin-price-prediction-btc-rally-back-to-40-000-in-jeopardy-as-grayscales-demand-diminishes-202101250557) which may prevent bitcoin to finally surge up again to $40,000 but then again this won't take long and bitcoin will still go that new ATH as we see whales gonna move again their btc.

This is like what I think as well. I mean, if I'll just base on my opinion and on my guts, I don't think that bitcoin's price will reach $40k sooner. I have been checking the price for like twice a day and I don't see any sign of it going that high again. Although, every time I look, there's a part of me wishing for it to go higher. But I'm still fine with the price it has today. Besides, I'm just holding. Despite that opinion of mine, nothing is impossible. After all, the market is unpredictable and the price might spike once again before we know it.

That is how bitcoin works that is why it is recommended to buy when the price is low because it will gonna rise anytime soon and most investors know it. Maybe we won't see the $30k mark ever again if it's gonna break the $40k mark next month. As of now, there's a higher chance for it to happen because no matter how you see it, there is no reason for bitcoin to fall down again. everything seems right from the mainstream media to the social media and in the crypto industry where most people have trusted Bitcoin.

Bitcoin regulations is in price is not constant because hopping it will go back to forty thousand 40k is based on it's marketcap and time, before February 20th it's obvious that btc will return to 40k and I seems that all the alternative coins is getting to a particular or a certain price  irrespective their slow movement to increase.

Seeing that everyone is very optimistic about the current situation, so I expect it to return to ATH, but for now I still don't see any news big enough to make bitcoin go up quickly. I see bitcoin's recent rise in price possibly coming from a large institution that bought $ 180M bitcoin, which is what I see huge and what will come next.

it will and then it will surpass $40k and beyond imagination

it's just adjusting. our opinions differ ;)

Let's be honest here.... we know the consumer transition to Crypto currencies are not a quick process, due to the extra bit of complexity and also the FUD that are being spread by the competitors. Now imagine this... Pornhub did more than $100 000 000 in revenue last year with Fiat and now PayPal and Credit card companies pulled their support as a payment option for these sites.

So the existing customers have to transition from these payment methods to Bitcoin payment and I predict that once this is done.. you will see a further increase in the price. (Also remember if this becomes a trend with porn websites and services, it might explode)

We know people want more anonymity and Bitcoin provides that.... something that lacked with Credit card companies and PayPal.  ;)

whales will become richer with BTC, which is for sure precious

I always think that Bitcoin will exceed 40w, especially this year, because of the good news of Bitcoin Bridge, the output will be halved this year

I'm not expecting anytime soon because i Knew that there are something will come towards our way but i don't wanna rush thing .

and also the investors that supports Bitcoin growth from Last year is still here , The whales that wanted to manipulate the market are only the one who get out to make shaking in the prices but they did not succeed.
Any news Link ? what are those mentioned by you?

IMO, the correction might be over.
31k is far from the last ATH which is 40k.
It could surge upwards again anytime soon. Yeah, that 4-8 weeks after now in my speculation could be playing around 35-40k.
I hope.  ;D
We could be at the new bottom now which is not that bad especially to those who bought at an expensive price last 2017-2018.

Not yet. The big news is not yet coming now, and we need to wait for more.
After the bitcoin price starts a new rally in the last few hours ago, the price was back again to the lower price, and I think that can be another chance for us to buy low and sell high.
The last time the high price was reached at $34k. And now, the price is at $31k, so we see the price is down for about $3k.
But I am sure the price will be up again in the next few days, and all we can do is wait for more.
I hope the price will not go down below $30k and not trigger a panic selling from traders.

no, currently it has resistance at the point of $31650 so if it breaks it, we can see a dump in bitcoin price. In few days, btc has touched this point very times so it can be bearish.

I really think so, for a long time, bitcoin still rise I believe

From the looks of the current graph, its surely gearing towards another break at the $40K mark but we are not sure on when will it hit that barrier again. Its just great that the current value is not dropping into a trench-like situation because those kind of situations can dishearten some investors who only joined during this bull run.

anything can happen, making a new ATH might happen later, but before that the bitcoin price seems to be undergoing a correction to reach a new ATH again. Many have speculated that bitcoin price will not just stop at $ 40k, it will likely exceed it. Bitcoin is being played and lots of FUDs for bitcoin correction first. The good news about bitcoin also supports it so bitcoin's power to reach new ATH songs can still happen.

I also believe that there is still strong buying support for Bitcoin and it will eventually land in the $40000, I doubt it's going to happen this month,  the month of February and March could be the month, this is the time that vaccine will roll up and the economy will open up again, the whole 2021 will be the bull season.

Its look like stable at the moment around 32k$ .However it was making a correction i think when it got a huge dump then starting to recover .So that it has recovered well and has a great chance to move up as we are still on the strong uptrend .I think we can see a new ATH level and hope it ca break 50k$ mark on the recent future .

Upon checking the whole picture, bitcoin dominance is getting lower compare to the past hype where it reach to $40k so there is a big possibility that bitcoin price will not move that big in the next 4-8 weeks not unless there is a hype that will likely to happen again.

Because as what I notice there are many investors that are shifting their assets to other currencies like Eth and etc. that is why the bitcoin dominance has decrease to 62% from 70% at the time when the bitcoin price reach to $40k price. But everything is possible and the market is very unpredictable, let's just continue to watch if what will be the next move for bitcoin price.

Im agree with this speculation, this would be time for altcoin showtime. I hope no big pump dump on bitcoin since it can be hurt alts more (Im alts hodler), just be sideways and stable bitcoins  ;D.

You will always lose money by bag holding altcoins, the only way to make money from altcoins is to trade them while they are getting pumped and dumped (by taking extra care to exit before the dump starts). Nowadays that bitcoin price is moderately stable the altcoins are already getting pumped, you are just missing these pumps because you are bag holding!

Be careful if you hold altcoins because there will be more pumps and dump happen in the market. You can prepare yourself to sell your altcoin when the price increases and just hold bitcoin. If you still want to use altcoin, I hope you can analyze it to find the coin, so you don't waste your time. These times, many altcoins can increase anytime, whether it follows bitcoin price or not. That is why it will be difficult to analyze and find the altcoins. But perhaps, bitcoin price will stable for some time as we don't see significant moves from bitcoin.

Hold your fire for latest trades just now and maybe it swings back up again but for this moment I see it as testing lows or running through a negative sentiment period of price action.   Might be reasonable to take now as we a potential bottom price, its reversed on the 25th so was due to sell off after that event.

https://talkimg.com/images/2023/06/12/Ar4V8.png

So something like 29k would be similar low to the last one and if that holds as a regular low it might be taken as strength and become a tradable low.   It then has a fight at 33k to break further upwards in positive swing but its quite possible it achieves that target even before month end.

If you haven't noticed for the past years, when bitcoin dumps, altcoin follows. But if that's your strategy and you like it, good luck to you holding too much in altcoins.
You hold altcoins but you should hold bitcoin to make it better.

Just as those technical charts and analysis that we had read up a couple of weeks ago or on last week where supports are really on 29k 27k and 22k and 18k.It seems the price had able to test out to break out
that 29k support but it didnt really last that long but still not really that confident because price is just only 30,450 as of this writing but still there's some bounce back but the question is,
would it able to sustain this level or this is just an another preparation for breaking that $40k resistance?

Bitcoin market had been a bit quite last week until into this week.It didnt really give out some significant movement but actually if you can really able to deal with these minimal
movements then you can actually scalp into those and make some profits and thats what ive been doing since last week.

I am extremely bullish on bitcoin for this year, what we are seeing is just the beginning and it is natural that we are seeing a slow down in the increase in the price, just give it time and I am sure soon enough bitcoin will try once again to challenge its previous ATH.

What happens is that there is no limit for our greed, there were two weeks in which bitcoin made an ATH almost every day and we got used to it and now that bitcoin has slowed down we are disappointed but it is fine, that growth was unsustainable but the fact that the price of bitcoin is still above 30k should be a great sign for a new bull market.