Bitcoin Forum

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

China FUD is dead now, no more China affecting the price of bitcoin. Short term pain has eased & we’re moving back up. I don’t know about anybody else but it was horrifying seeing the price drop so hard in May. Looks like we’re back on track now & the bull run is alive & kicking. $100,000+ this year is happening ;)

Yea we finally look strong again.


Not only China FUD. Yesterday we had very bearish news:

"We're continually evaluating our products and working with our partners to meet our users’ needs.

Today we’re announcing that we plan to wind down our derivatives products offerings across the European region, commencing with the Netherlands, Germany, and Italy.
With immediate effect, users in the Netherlands, Germany, and Italy cannot open new futures accounts on Binance."
https://cointelegraph.com/news/binance-to-shut-down-crypto-derivatives-trading-in-europe

Fallowed by 3.5% dump with decent volume and  break of short term support (39-41k consolidation) making it a stron bearish event and ... no cotinuation. Scared people sold to strong hands. Being bad news resistant - best bull run indicator. Last time I called it at 5k$ during a run from 3.5k to 14k.



 

At first I'm afraid that it would possibly go down below $40k, fortunately in the 24 hours it went very good and amazing as price kept a strong bond with $41k. Of course that expectations of $50k is there, but we really need to build a solid momentum prior hitting the best target. Let's just say we need to surpass $45k and then we"re good to go for bullish market, that's the time we will rejoice for better future.

I thought I'm the only one excited to see Bitcoin reaching the $40k level I've been watching the market for the last three weeks since there were predictions that it will drop further to $29k level I'm glad it did not happen some of the coins I'm holding are following Bitcoin if Bitcoin pump so does most of the coins I'm holding, I'm excited what the month of August is going to bring us.

After dropping for several weeks, the bitcoin price finally managed to touch the $41k level. One of the reasons for the increase was Elon Musk's tweet. In his tweet, he said energy consumption and environmental damage accompanies bitcoin mining. Musk said that his company may return to allowing Bitcoin transactions if there is confirmation of the reasonable use of clean energy by miners with a positive future trend. Thus I predict the future price of Bitcoin will be $100,000.

Plus total hashing power is slowly coming back, increasing, https://bitinfocharts.com/comparison/bitcoin-hashrate.html#1y

The miners from China probably just needed to sell some of their Bitcoins to spend for moving their ASICs, and to set them up somewhere else.

everyone expects bitcoin to break through $100,000. I'm very happy to hear that, besides the growth of bitcoin, many people get rich suddenly and become big investors. but on the other hand many people are sorry because they think bitcoin is over and they don't provide supplies when the plane reaches the moon.

Bitcoin price reached even $42.2k last night. Now, we are seeing it around $41.5k. Bitcoin price is continuing on its way quite fast. I've really missed to see it over $40k as it's been a long time. And I hope that we don't see it below $40k again for a long time. Those times were really boring.

who wouldn't be happy to see things are happening the way we want it. there's just some resistance I think that's $42.500 well hopefully it could break. the price isn't affected by fud anymore even the binance being sued by the Malaysian government.  

i guess what binance did like the limitation of BTC withdrawal to 0.06BTC helps the market when the big holders of BTC are going out of the exchanges, less shorters i guess.

After weeks of the market fighting FUD news from various sides until the bitcoin price dropped to a low of $28k, now the market has strengthened as if to prove there is no more force that can bring down the crypto market in any way, in short the message 'if the bulls are coming soon.

$ 41k till the end of this July is a great result...

maybe we'll see $ 50k in next august, news about Bitcoin continues positive so it is very possible to reach $ 50k next month. The bear market is over and Bitcoin is proving nothing can stop it from growing.

There is more chance of reaching $50k at the earliest. Beyond that point we can expect gradual growth than fast growth. It took short time to reach $40k from the $30k range where it was fluctuating for a long. Similar pattern of growth is supposed to happen by reaching $50k. However there is very less chance of bitcoin breaking its own ATH value this year.

In one month, I think we will be able to post this same thread for $51,000.

Things are looking solid! Anything can happen, but all I see is good news.

This is a question that everyone couldn't answer even with those professionals or good analyst where this market is always been unpredictable and we've been moving sideways for long time

and now it is really making out some significant movement which we cant be sure if it wont really be heading down on 40k and might be the new support.

For those who had able to buy in 29k price then that was really a good decision because we do able to make some profit in a short time.

FUD is slowly gone now and we are back on where it is before where good news takes the price into its best form. Bitcoin has to stay on this level now to sustain this up trend, this is a great weekend so far because in the past weeks, weekends are more cheaper. Bitcoin can reach $45k again, we are close to that and slowly will reach $50k. We are on a good path, Bitcoin will bring the market up again.

I think the fuss about price is Tesla and Amazon calling out bitcoin once again. Although Amazon tried to change decision but investors are already buying the first news. The volatility is coming up again and not only bitcoin gaining but altcoins too. This is good for the cryptocurrency market and before the year ends with continuous up move, we can see a new ATH.

I am hoping we will be able to breach the resistance this time after failing to do so for weeks. Right now the price is around $41,887.88 and not yet showing any weakness and showing signs we might cross the barrier, but you never know unless that happens as anything can happen in a short period of time and we might even see a correction within the next few hours. ;D

EDIT: Yes, there it is the sell pressure started to increase now :D.

And yet another good news from Germany -

https://cointelegraph.com/news/german-law-allowing-institutional-funds-to-hold-crypto-comes-into-effect-aug-2

"As much as $415 billion worth of investments could flow into cryptocurrencies as new laws governing German Spezialfonds go into effect."

I hope this will drive more positive movement in the market. Maybe, we will be seeing 45k price level very soon. So for those who feel they are being left out, maybe, it is time again to buy before the market rise again. Don't regret when you see good numbers in the market.

Yes, it was really scary to see the drop in May and then an eventually 50% crash or more just a couple of weeks ago. But all the negative news has died down, and even we have a false alarm (Amazon news), which cause the market to dip a few percentage, it didn't deter as we continue to march forward the biggest hurdle which is $40,000.

And now that we have sustained it and reached $42,000, $50,000 will be next and then we are in target for a a $100,000 at the end of this year.

I think what they're trying to change is the fact that Amazon was attempting a rug pull but it seems that the market is much powerful that they've expected because the prices are still doing just right. I hope that by the end of the year we can bitcoin go up to a really unexpected prices and I do hope that it's a positive one.

Short term, that is the next target, $50k and it's within range already, couple of thousands of dollars and a billion worth of trading next week, we might be in the verge of breaking that huge mental barrier. Yeah, long term it could be in the range of $60k-$100k. So a long way to go, but we have weathered the storm already, all we have to see is keep calm and have patience and continue to stack sats. August for sure will be wild ride for all of us.

I think getting to $100K is still a bit far. Although I also expected that. China's FUD is dead, but there will likely be another FUD waiting to hit the crypto market (I hope it doesn't). So, stay alert for issues that play tricks on the market to manipulate prices.

Happy face suite for those who have taken bite when Bitcoin under $30K. As long as we see another daily above 41500 today we should be good to head up on the next leg and 50k is next leg up. It needs to break 45k then we will see but short in the same way. Everyone about to fomo in and release their fund when they make enough profits. Who knows, but could be?

If we look at the current Bitcoin price, which is still at $41k, it's still a long way from getting to the $100k price. But we must not forget that if Bitcoin
has entered a bullish trend, Bitcoin surprisingly a few months ago rose very quickly to the price of $ 60k. So it is not impossible for Bitcoin to reach
the price of $100k later this year, but indeed we hope that another FUD will not come again in the near future. In order to make it easier to increase
the price of Bitcoin, because I believe that Bitcoin has now managed to rise above the price of $40k, this is a sign Bitcoin is starting to get on
the right track. Hopefully in the near future it can return to the price of $ 60k, but I agree we do have to be vigilant. Because there is still
the possibility of the Bitcoin price going back down. For now, we really have to monitor the market more often, in order to know the development of
Bitcoin prices.

I'm also glad that bitcoin has escaped from the bulls and bears. The 41k threshold is almost unbreakable, it has been nailed there since last month despite bitcoin's attempt to build elasticity. And now the atmosphere is exciting in the market, I believe there will be no more dips as we are still on a meaningful August roadmap.
https://pbs.twimg.com/media/E7re34xVgAAliky?format=jpg&name=small
Source: https://twitter.com/DATOLYT/status/1421693689294823425?s=20 (https://twitter.com/DATOLYT/status/1421693689294823425?s=20)
Will we be 74% ahead of August 2017? Very confident.

Don't celebrate too soon yet because anything can still happen at this stage and we all know how volatility is a factor in this market so tread the market and invest in the market with caution. I am happy that bitcoin has reached this point again and I hope that it's going to be just the start of it's rise until the end of the year.

According to what I am reading, bitcoin was more stuck at $30,000 recently, but what we are saying is all the same, that the bull market is now, good for people to long it or just hold. I notice something now that the price is getting resistant for bear market, we can see 10 consecutive green candle stick since 10 days ago until yesterday, but the market is gree today now.

Yes, I agree that bitcoin has been moving across the 29k-41k zone for a long time without being penetrated by the huge resistance of the bear market. But I'm still hesitating about the $41k threshold right now, will I put a support or not? This could be the most important period of August, I still hope we hold 41k solid after 1.2 days, really still optimistic. Lol, current price $41391

Unless you are trading day to day, better to care less about bitcoin price volatility and think about holding for long term. After a certain gain, traders will certainly start selling to take profit then once the price drops they will buy again and so on. Until the price rise back to +$65k, volatility doesn't worry me a lot.

I believe this news came earlier and now they are implementing it right. The market is still hovering around $41k and we need a big push to see that the resistance is broken and we need some shilling from Elon for the price to rally from this situation  :D. I was checking the market the entire day to see the direction we are going and we are yet to find one, may be we need more time to break the resistance, only time will tell.

Though we seen that the price already got the good stand few days ago, taking precautious should be done to prevent all sorts of failing. We don't know what will going to eradicate at random situations, better have a good preparation or have regrets after all. Unpredictable market was too surprising, it could give you headaches and stress.

Good to see that it finally reach $40K+ again after dropping down,
But it is now again below $40K and I hope that it would slowly increase again and stay on high price for good.
It is really a great news for the price to go high again and it could be a good sign that it would now climb again.

I was also very happy to see the bitcoin price back above $40k. it's just that we can't just be happy. currently, the price of bitcoin is back down below the price of $ 40k. I think we can rest easy when the bitcoin price is above $45k. some price developments that took place a few months ago also the bitcoin price was back at $40k, but that didn't last long. I hope, the price of bitcoin can rise again this month.

But again fell down to below 40k?

i am starting to believe what philipma posted recently that Bitcoin will never taste 40k up value in 10 straight days instead the pump and dump will continue happens.

Perhaps $40k was a really big barrier, although we have reach as high as $42k, not enough momentum to stay on that price range. Indicators shows that if we sustained that run then $45k might be target, otherwise we will go sub $40k again. So the latter was the scenario that did occur, however, we have strong support on that region. So I doubt that we might go under $30k'ish, we might see what we have been seeing in the last 3 months, it will be on another sideways pattern and then an imminent breakout in the last quarter.

The price did increase amazingly, but what's happening on recent market today has gone towards downtrend.
This was projected last week if we won't sustain until $45k it would go back below $40k down to $30k before we will experience another ATH going back to $50k or higher.
Many people hope for better on btc, so another projections for next week that recovery will be happening. Let's wait on that situation and that's sounds exciting for all of us.

Another good news, and we will see bitcoin rising again. So for those believers, better buy while you can. Because once it starts to rally again, you will regret saying you should have bought. But right now, it is showing that the support above 30k is quite strong because few weeks ago, a lot are predicting that btc will go down to even 20k. But the opposite happens.

Coincidence? I wont be saying that one would be accurate because speculations doesnt really give out any guarantees on where price could able to held up. It could neither able to hold or would make out some pullbacks,
no one can tell and since im a short or day active trader then i do really make out buy and sell with those volatility which do matter the most.As a investor or trader then you should be prepared with these instances
because you can make out money and wont really be needing for you to wait for a very long time.

I'm sorry to hear that you panic and sold when the price hits lowest low of $29k. Anyhow this is a good lessons for everyone not to panic. I know it's hard to control our emotions, but in bitcoin investments, you need a diamond hand, just saying.

For the current price dump, I believed that this could be the last time that we are going to see it dip below $40k. I'm expecting that in the next coming months, it will bounce back and make a recovery again and then the last leg up, the last quarter will be an interesting ride to a new all time high.

That's not to be affected by the bad speculations that are thrown and indeed it is to spread FUD so that they panic and sell at the lowest point even though that is they buy as much as possible and bitcoin will definitely rise again, I think your hand is still not strong enough to hold bitcoin with a long time and this is indeed your future experience.

I think we will know how the journey of bitcoin this year is definitely much different than before and this increase will create a new boom after several institutions will adopt again, so I conclude bitcoin growth will definitely be faster.
The final quarter is well worth the wait.

Make sure to follow your target, if you set it till december best to close your wallet till then and if possible not to keep looking

inside the market, it will help you to avoid making same mistake again if something happened and the value of bitcoin went

down, there are cycles that you need to expect and by not looking inside your portfolio will save you not to overreact with

the market movements.

We have a big chance to reach 50k$ market turns to green again and I believe that very soon Bitcoin will be having a new ATH. Price is based on the market supply and demand and I see demand is now more higher because Bitcoin is now global trend so as expected Bitcoin will maybe reach not only 50k$ but also 100k before this year end.

It will be very good to see all time high to be very soon, bitcoin price can surprise someone, it rose more than $10000 in just few days, it was nice to see that, I do not know if we will see the all time high soon, but it is coming one day, we should hold, if the all time high is not now, we will still achieve bull run.

Maybe that will not happen soon since the price does not increase and break $40k from these days.
But for the long term, I believe that will happen, especially this year as this year gives more support from people who want to invest in bitcoin.
I am sure the bull run will come, although we do not know the right time for that but if the price can lift to $60k in the next month or before the end of this year, the price can have more chances to increase so high in the next year.
But if that does not happen, we need to have more patience but that time will come to us.

Although the BTC is below $40k, it is oscillating around $ 39.1k, but there is an article that catches my attention, because they speak of a possible pattern that can be repeated, since it was presented some time ago:

https://i.imgur.com/hPOY06d.png
Source: https://www.newsbtc.com/news/bitcoin/bullish-bitcoin-crossover-attention/ (https://www.newsbtc.com/news/bitcoin/bullish-bitcoin-crossover-attention/)

If these technical fundamentals are met and carried out, it is likely that a big bullish rally could take place, I know that in speculative markets sometimes certain patterns tend to creep, what happens is that we are living in a pandemic situation, which is to Globally, the circumstances for that moment where BTC rose are very different from now.

Yeah bullishness in Bitcoin still isn't done yet. It is expected to be 50K up again by the end of year or so and most probably could hit another ATH next year. All we need is news from institutions who adopt and invest in and stop listening to manipulation of these big names. Another thing is that investors from stocks could possibly be jumping in to crypto during this post pandemic.

bitcoin has a lot of support lately as seen on the web: https://www.buybitcoinworldwide.com/treasuries/
there you can follow the latest bitcoin developments. So we're getting ready to hit the pump button, maybe breaking above $45,000 this week.

That's too optimistic, but I don't really think it will happen since bitcoin has not hit $45k for more than 2 months already, if that is good news, then we had already seen a good pump that will make bitcoin break the big walls. Look at bitcoin now, it still struggles to stay at $40k.

That's what I do too although, I still feel like I don't have enough bitcoin in my portfolio yet so I hope that I will be able to buy some more before it goes back to 65k and beyond because I really want to get juicy profits out of my hodling you know, don't want to waste my time and patience just to get a meager amount.

I wish people would stop celebrating every time we reach this type of psychological milestone :) Because see here again we have to now fight before Friday/weekend to get back above $40k,,, which I am sure will happen but every time there is too much optimistic speculators the price seems to weaken;)

By the way,,, OP your username means something very nasty in a language I know a little bit of. Is this not against forum rules?

You will continue to be happy even more when you see that the price has started to climb again. It was taking a break for some days. But it seems like this has already changed. Now, we see it around $41k again. This could mean that the price could reach even a bigger level than $42k in a short time. And it wouldn't be very hard to see $50k soon also.

Good bounce from an old negative trend, the only small worrying sign is that it did go slightly lower in this move then the last recent low.   It could be nothing I'm not quite sure yet, it has exceeded the weekly average now and would appear to be targeting the 200 day average for a final destination to this particular move.   After that we will resolve on a larger time frame I guess.

https://i.imgur.com/buhDheJ.png

Being happy is a human instinct, but we should be in control while our deepest emotions will be affected by this brilliant progress that we've experienced lately. On that side of $50k predictions, I must be careful on that scenario because we're too excited while it's not yet happening.

This month $40k still be our good target, because fluctuations remains so volatile and unpredictable which drastically made btc price crash sometimes down to $37k.

We are happy when we see positive things happening around us, so yeah, I guess everyone is happy when the btc market is going up again. With this in mind, we need to make a plan how to take advantage of the market. If there will be small dips, that's opportunity to collect more satoshis, because once it is up again, would be hard to spend money. I believe, with good news from other countries accepting btc in their financial system, it may boost again the crypto market.

We are back to $40k in the last 24 hours, so that's a positive indication that we might see $42k again and sustain that price and the next target is $45k. There seems to be a lot of positive sentiments again that's why the price seems to spike. Of course we will take it one day at a time and doesn't want to see a super bullish run to $50k at it might be just artificial pump and could be a bull trap. So let's see how it pan out this month, whether we stay above $40k or go for $50k.

After last week Bitcoin bearish candle, now its just back to trading line in $40k, i hope it will rise more to $42k support and continue run to $50k.
As we see theres some bullish news released and it is will make the green candle in next 2 or 3 days. I am thinking positively that Bitcoin will go up and we will have $100k at this end of year.

Also I think positive to see is that the 40k mark is not as difficult to hold as before, though the fact also it has not held over 24 hours in this current one will make the bears think they can keep tearing down the price hold. I think very important today is how US people will react when the market opens and that will determine the Monday sentiment on where to go from here.

Yes, I believe this is a bullish architecture for bitcoin, yesterday's market behavior showed a rapid transition with green lights on short wick at $37318. I just heard a news that Taproot can be activated right this November. So with this transition I think we have reason to believe that the marathon cycle has begun.

who wouldnt be happy to this rise ? if your not involved in btc maybe but for the people that invest at lower values this can make them profit a little .
i think it can still go down under $40k and it would be hard for btc to pass $41k and above according to my own observation but this price isnt that bad and we can still make a short profits during this phase .

Well it is already been expected that the price will rise before year end and I think it is now happening. From the 29k$ to 43k$ today, I think there is a big potential that we will experience 50k$ in the next few days and that is what I have been waiting for. Because I believe that during that time when btc reach 50k$ again many of my altcoin holdings will surely has profit.

I never follow social media to have an idea about what is going on bitcoin markets nor for entire crypto space. I am always confident about bitcoin to bounce back and exactly as per my speculations bitcoin market is reacting hence there are no big surprises for me on seeing market again testing new higher prices.

We do always get "late" news about both retailers and institutions; I am saying this because I expect some institutions are pumping the market right now and we may come to know who and how much only 2 weeks later on ;).