Bitcoin Forum

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.
3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
    In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

Why do you think Bitcoin will probably not going lower than 40.000?

When the bitcoin price was below $10,000 it didn't go below $5000 because at that time, there are already some whales who keep up the price and some holders are not selling their BTC no matter what happened. In today's case, we have some big companies and countries that are promoting the use of bitcoin, it's a big difference and that's why the price right now is high compared to the 2018-2020 era. You also have the emergence of Metaverse which somehow boosts the popularity of cryptocurrencies.

maybe what you say is true, because it is clear that there are already many institutions and large companies and even countries, which currently hold bitcoin as an investment. they clearly don't want to lose the price which will drop drastically, will maintain by any means through any intervention that can be done so that the bitcoin price is in accordance with what is desired. Of course a price below -$40K is not very good and will make it difficult to increase quickly and will take time and be a loss for them.

but if you look at the journey every year, at this time it is very appropriate that the price of bitcoin is already high and it will be difficult to go down like it was 2 or 3 years ago.
Although we also cannot rule out the possibility that cryptocurrencies can be unexpected events, it seems that it must be realistic as well. because the growth of crypto is very fast and it is natural for bitcoin to benefit so that it reaches a high price.

1. Many have bought at that price including the average joe and others that aren't wealthy enough. Everyone can purchase bitcoin at any amount of investment they have at that price without the need of purchasing a whole bitcoin.
2. Likely but that won't end there. This is cryptocurrencies and it's unstoppable in terms of price movement, negatively or positively.

Hopefully it doesn't but even with good reasoning, there's still a possibility that it can lower than that.

Market will go in a direction the crowd think it won't go. So if the crowd now think that Bitcoin is not going to below $40,000, I think Bitcoin will have a crash to under $40k. If you see the chart, I believe that in worst crash, it will have to retest $20k but will it happen now in this bull run or in next bear market.

Do you think the bull run is over? Do you think the bull run will continue?
If bull run is over, $20,000 is waiting. If bull run continues, $30,000 can be a last test for Bitcoin before it can go to reach new all time highs, above $70,000 first.

No one knows.

July 29th 2021 price was just below 30k for example.

You do realize that if these "rich people" are actually competent at investing, that they'd prefer bitcoin to drop lower for a better buy price, right? Not to mention that probably most people didn't expect bitcoin to drop down to as low as $3k back then.

Not saying that we're dropping lower, but there sure is a decent possibility.

Which is also what I thought. The price will go to the least we expect like $29000 because it where the biggest support as of now, it may only take time before we see the price going down. I hope not but I've seen several times that it's dropping the way we didn't expect.

The market is already in a bubble so they say but it's just not dipping straight down because of whales controlling the narrative which more people are buying as of now.

Well if you have been in the market in 2017, after the bull run, they say that the price will not go below $10k. I still remember the names of those members, Lol, but we all see how the price went down ward spiral after the 2017 bull run.

So I will say that your statement is not true, everything is possible here, if the price can go to $100k in a bull run, then it's possible that the price can go below $10k in a bear market.

Assuming much without backing it up? Common type of confirmation bias seen among weak hand traders. 40k seems to be remaining strong, but it will not take long to draw the price even lower.

The focus of crypto niche news has shifted from bitcoin to mostly about NFTs and shitcoins. I doubt that these developments have much effect on bitcoin price unless some random country decides to declare another ban on crypto or an exchange gets hacked.

I do not think that way. Bitcoin price can go both up or down. You have to make preparations for both sides to be profitable to you. Place buy orders below these levels and sell orders above this level. Once the cycle reverse, repeat the same and you will have sold your previous buy and bought your previous sale.

With the supply and demand now increasing and many people involved in bitcoin, there will be more support for the price not to go down to the lower price or lower than $40,000.
But it could happen, maybe in a flash dump because some people or groups or even whales drop their bitcoin in a second and make the price is down a lot but after that, the price is back to the current price.
The news can affect the market and make the price is down temporary but that does not mean the price can not rise higher after the effect is gone.
I still think that everything can happen to bitcoin but I can prepare myself for that to use the opportunity for my benefit so you should be like that.

Can't say what will happen next as market can shift to any direction with some outside factors influence and like this it can go up or below $40k levels also.But the main concerning part is to remain patient and hold if you can because the history chart depicts rise after every fall and we should not be much worried about this dips.

But if you can make this as an opportunity to stack some sats at low prices as this might not come again.Then hold for some time and you will automatically get your desired profits.

In general I think your reasoning is logical, what happens is that reality often escapes reasoning, there are always things that we miss that can influence the price. Look at the S2F model, for example, a very reasoned and very well argued model, to date failed.

I too think it unlikely that the price will go below $40K, especially well below, but we can never know for sure.

Sorry to disappoint you but even though we talk about market manipulation but bitcoin market is not that easy to manipulate for a group of people to "lobby" and decide they want to prevent the price from going lower than an arbitrary number (or conversely to push it above an arbitrary number).
What you describe is what has been happening in the shitcoin market where they pump and dump them constantly.

Whether price can't drop below $40k has nothing to do with market manipulators.

I am not sure how long Bitcoin will stay above 40000. Bitcoin is trying hard to stay above 40-41k but if it retest this level many times there may be chances that this support may not hold.
Also in order for bitcoin to remain over 40k, it should bounce hard which is not happening at the moment. Let's see in which direction this bitcoin consolidation will end.

Nah, I wouldn't be too sure with that, anything could go crazy especially in the bear market, the same thing happens in a bull market, price is rising with no limit, so better prepare for a possible huge dumps that would cause the market to panic, call it a normal day in cypto.

BTC price going below $40k, Possible but I don't think so. If you look at the daily chart price for Bitcoin, you would realize that the Daily price candles are tightening up instead of the longer downward pattern and I believe the next few days will prove where the price is headed properly.
 
As for the rich lobbying to keep the price up, that too is very unlikely even though many institutions and rich people probably bought with this price range but I do believe if they really have that much manipulating power over the market, they would even bring it down the more to buy more at even cheaper prices.

Your guess is as good as mine. It may or may not go lower than $40,000. But it is a possibility that could happen anytime, in fact, any hour or day from now. The price right now is just a couple thousand from $40,000. We all know Bitcoin's volatility is just around the corner. It will only take a single candle for that $2,000 to get wiped out and the price to plunge to $39,000 or below. Whether everything has already been factored in or not, we cannot tell. What we can tell right now is that we haven't started recovering yet. But no worries, let's wait for the better days, however long it may take.

The prices can go anywhere. Even $1000 is possible, or maybe even lower... or maybe a lot higher like $100k. I think there is a good chance it is going lower than $40k especially if the FED decides to fight the inflation. If they don't do that, it still may go below $40k  because of other reasons. We'd never know when a whale will decide to cash out and leave the table. It happens all the time.

Honestly, if you asked me, I would honestly answer 'not going to speculate on Bitcoin in the future'.

Reason:
Bitcoin is one of the digital/crypto currencies used by people in crypto trading, whose name crypto cannot guess what phenomenon is happening, what was thought and expected was actually reversed, talking about prices below $40k, maybe it will or may not happen, but I believe Bitcoin in 1-2 years, will experience prices below $40k.

Well, the probability of going down below $40,000 will be there, but I hope that will not happen because that can make many people panic and sell their bitcoin massively without thinking that the price will increase in a short time. It seems the price can hold at this time and not go deeper, but we must still be careful because no one can know what will happen later. Maybe $40,000 is the test for the price and will stay at that price for a while so it will increase in the next weeks. If we look at the chart, the price still moves from this price to the high price and then back to this price so hopefully, the price will be like that before it increases again.

I heard statistic that just 4% people own the cryptocurrency, and community if growing, for sure prices will raise!

Probability ? yes it may not fall that low but reality? no one can tell because we have seen this happened late last year so there is a chance this can happen again as we can see the hardness in breaking 44k again.
if this trend continue then expect mosre lower than that 40 k.

Actually when there's a bearish season bitcoin always have strong support wherein the level of the price that unbreakable. So if 40k will be the strong support for this situation for sure it will keep holding until the bullish appears again, but unless if there's no new negative news because we all knows that's the one that can drive the market down nowadays even there's a strong support..

I don't really care, for my years in crypto I have seen hundreds times or more than that Bitcoin fell bellow expectation but growing more than expected so who am I to care for when i am ready to keep my coins for long?
actually those who are bothered in this probabilities are those who wanted to take an easy earning and now being trapped in the system.
why not believe in your investments and keep it for long?
you will never gain big if you are not willing to wait long so take that chance or leave now that is your only option in market like this .

Whales will probably be happy if the price will dump more. Bitcoin is barely surviving the $40k range, what we are talking about now is the $30k range if the price will dump. Maybe it may not happen soon, but we have to take notice that the market is currently bearish already.

Although we are not sure of that yet and anything could happen without any warning, but I may believe it would be somewhere around $35k or so. Not sure about $40k yet as the bottom in my own instincts. I know that more whales and institutions have adopted BTC and cannot be stopped, but it’s still subject to substantial risks and it can break support level anytime.

Anything can happen, therefore we must be really vigilant and prepare a backup plan if the worst case scenario occurs. But if we look at 2021,
there are quite a lot of institutions investing in Bitcoin, it looks like Bitcoin's support price at $40k is very strong and it's unlikely that Bitcoin
will drop below $40k. Like you said, it would be very dangerous if the Bitcoin price fell below $40k, some investors will definitely panic and sell Bitcoin
at a low price, it can make the Bitcoin price go down. I really hope Bitcoin doesn't fall below $40k and Bitcoin price recovers soon, then returns to ATH.
Fortunately the movement of Bitcoin still looks positive, although it still failed to rise above the $45k price. So my advice now is to start accumulating
Bitcoin, in order to help Bitcoin price to go up, because the price of Bitcoin will go up if more people buy Bitcoin.

I think that if something like $39k counts at going below $40k, it's very realistic. But if we're talking about Bitcoin going well below $40k (like, $35k or lower), a huge event is required to trigger that sort of selling because $40k has had very strong support for a long time. But even if the price goes down to $30k, is it really a big deal? It went that low in July, but then jumped to $40k in less than 2 weeks, and hit $50k in September. So, honestly, I think we can handle a period of low price, as long as it's a short one (a month or two, not whole seasons of low prices).

Bitcoin is one of the most known today era and many businesses and institutions buying bitcoin and other assets. Currently, they are now attempting for another re-test for having a support of 40k USD but of course, they don't let this happens still depends on the investor if they want to hold their coins or not but this is the right time to buy when the market makes a good signal for reversal manage at your own risk still the best idea and use TA and graphs to have hint when is the right time.

What is meant by this? Is there a plenary group of whales that do confirm prices and lobby to keep prices above $40K?
No one knows and no one is certain, because the estimated price is always far above everyone's expectations. What we saw this year will not be seen this year? even though the bears hit us, we are still at the highest point from year to year.

Personally I don’t think anyone really knows or has any great idea where things are actually heading. I do have to say that I think we are really starting to see great progression with bitcoin for the simple fact that it’s done such a great job holding a floor around 40k for so long. That’s progress whether it feels like it or not !

No one can guarantee that. A lot of people have purchased in $30k-$40k range doesn’t mean they won't say at that point or in loss. Have you ever heard of the term capitulation. It's kinda time when people think it’s last time to sell or get ruined. In that time, people sell blindly lol. I have observed such days and possible to have a capitulation too. It's not true that we will not see below $40k. I won't surprise if I see $10k this year even.

It bitcoin keep the hype just like the last year hype i'm sure it won't going down under 40k. It could only happen if there are some big bad news spreading by people with powers and they could take down the bitcoin with their "voice" so people will leave it, but the chance is so small.
I still trust bitcoin this year will make a decent price but not sure if it will create a new high again or no.

I'm pretty sure it already went below 40,000 a few days back, I was worried if it's going to break another support.

The price of bitcoin is hovering around 40-43k and I think this year is going to be bearish.

$40000 USD is more of a psychological boundary rather than a steady support, if you look at the fibonacci support from weekly. If anything we broke through the 44k support a while ago so after a rise back to 50-53k I see another dip towards 25-30k after which we can resume the bull market towards 100k. Either way, I will be hodling the entire way as I have been so far. The technical analysis is just a tool for predicting a good buying point, to me.

If I read the direction of the market that has been running and repeated then below $40K it might happen. You may remember that the market is different this time. The development of Bitcoin has more supporting corporate institutions. This could change market opinion to stay in the strong support area of $39k. But if it looks at ATH in 2017-2018, they will walk down the stairs. There was a decrease of about 80% more at the time. I think today we start to be vigilant, stay calm and don't panic. Keep using your strategy to minimize your losses.

They are not all-powerful, there's only so much they can do to influence the market. And it's not even a fact that they would want to keep Bitcoin above certain level, maybe they actually want it to go down to buy even more?


And how does this mean that Bitcoin won't go below $40k?


This is basically the idea of Fear and Greed index, but if you look at such charts, you can notice that there were periods of Fear followed by even more price decline, or Greed followed by more Greed. It's really not a good basis for predicting anything.


There is nothing that guarantees that Bitcoin won't drop below $40,000, but it doesn't matter, it's just another psychological barrier, there's nothing fundamental here.

When we talk about a possibility, of course we will also know what the possible causes are. We all never know what will happen, but history can help to stay alert in all situations. Yes, I agree that there will be price drops where people want lower prices and I believe no one will be able to keep prices above $40K long term even though we have quite a bit of institutional support so far.

Although today bitcoin experienced a slight increase but in fact the price of bitcoin still lost 37% of ATH. We certainly don't expect a bigger drop of up to 50%-80% but anything is still possible in this highly volatile market. Having a strategy to minimize losses is of course very important, especially for traders and bitcoin holders so far.

That's so funny because usually there is a topic here whenever the price is a little bit bearish and doing some corrections while we should consider a few years ago these people were complaining about the price of bitcoin because the price was dumped from 8k to 3.7k even after we saw how bitcoin could recover the price and the many people are rich with bitcoin just because of this price movement but still people are worry because of the price movements in the short term while if we aim for long term investment we won't have any of those problems at all.

I watched the bitcoin price in the last few months and thought that bitcoin would not go lower than $40k...

I'm pretty sure there's a lot of smart people out there who will buy bitcoin when it's under $40k and that will definitely make the price go up again. Bitcoin has become the asset most watched by smart investors.

What bearish are we talking about here? As far as I know, $40k is still bullish if you compare it to the price last 2017 bull run or even the price on 2020. You guys are starting to create a panic button to the newbies that most likely they're going to press anytime soon due to panic.

Q1 is just starting yet most of you who owns Bitcoin starting to panic like Bitcoin is going to die meme. Yet after a pump they were so happy showing off some of their profits which is kind of confusing. If $40k is the strong support, then Bitcoin won't fall back to start a bear run if the price stays at the support level.

First thing to check is if there is a major support zone around the $40k dollar price and also you should do a major price action analysis to see what always happen whenever price hits the $40k support or resistance zone this could be a clue using technical analysis but if we are depending on fundamental analysis then I would say price might likely range around the $40k zone and would choose a direction depending on how investors reacts to the range market.

I firmly believe that bitcoin can go below 40,000, I see many big companies investing in bitcoins and promoting them on different platforms. Hence, bitcoin's market can fall but not to a huge degree. Supply and demand are increasing nowadays.
More people like to invest in bitcoin, and they prefer others to involve in it. We see many positive things among bitcoins, so how can we say it fall.

It can go but it can trigger also to pump back, with what you are saying there are many investors now who also a business owner or institutional investors who knows how to work with fluctuations, they are people who believes and support that this investment can probably bring them decent profits; they are bringing people and money inside this industry, sooner or later we will see another good run.

Let things happen and make that drop to overcome by strong holders.

Once the market shows bullish, then more investors will appreciate and bring their investment inside. ;) 8)

And as usual, when you say it's not possible it takes a range of 24-72 hours since the topic has been started for the impossible to become possible, touched 39.933 on Binance and 39.952 on Bitstamp.
Seems like Russia's only desire is to screw everything, be it peace trade or bitcoin price.

But probably it's the best time to see a topic about Bitcoin not getting a new ATH ever, and as per Murphy's Law which is far more accurate than any TA we would probably see a sudden spike.

Till then, brace yourself for panic mode, although nothing hs really changed.

Well, that's a pretty dumb assumption, the market can go anywhere. Just like how it could go to the 6 digits range, it can well go below the value of $40k, or maybe even $30k at some point. That's just how the market goes, especially a very volatile one like the crypto market. Even if the public shows that it's pretty much guaranteed it won't go below $40k, that's the public, you never know what's happening with those who doesn't necessarily show what they're going to do to the public until the last moment. There's probably a lot more factors involved really, than what you can see.

Ha it just dropped under $40k one day after this thread was started.

But it's all good. Bitcoin accumulation since July is leading to ever lessening liquid supply. Lots of people still just think we're in the four year cycle lol so they are selling Bitcoin cheap to the smart money. They're literally trying to front run a crypto winter that isn't coming, but by doing so they are causing a prolonged dip as smart money builds a huge base of cheap Bitcoin for the upcoming bull market this year. At some point soon it's gonna break upwards and when that happens there will be a MASSIVE supply shock and boooy you are gonna see millions of panicked people rushing back in to buy higher.

For the time being though it is still apparently in the process of bottoming out. Don't expect it'll be long until we start seeing big green candles though. I doubt there are that many people left willing to panic sell their Bitcoin cheap to others at this point (most of the get rich quick types that are prone to panic selling real low have moved on from Bitcoin anyway and now focus on crappy altcoins/memecoins). But you never know, could still be several weeks until we get an uptrend started back toward ATHs, then again it could be days away. If you look at the two sustained drops in the Summer and Fall, right when it seemed like Bitcoin was losing steam and going to drop lower than where it had been bottoming that's when it rocketed upwards.

Yeah however you need to see why it dropped? Reason is the stock market is tanking. Basically it started first with that Peleton company where they decided to stop production of their equipment and took a massive 25% drop in minutes, and it’s been falling the entire year.

Then it was the Netflix earnings which caused a huge 20% blow. And crypto is following all of this closely. It’s a risk on asset and it’s trading like certain stocks. Next month this could all be over and stocks could be ATH again however right now there is a lot of panic in the markets.

Well, the prices dropped below 40k so this thread became irrelevant real fast. You should've done an extensive research OP about the price movements because you clearly pulled those speculations out of thin air. Quite embarrassing if you ask me but hey, at least you've tried. Hopefully it drops even more so I can buy more bitcoin at a lower price.

As I have said before, below $40k is just around the corner and now it happened.

Sad to say as we don't want to see the price going down to that level, but what can we do, we are in a bear market now so expect the price to really drop as fast as it climb in the bull run last year.

The good thing is that we can prepare and buy cheap bitcoin again and hold.

There still since there still a lot of time for the daily candle to close at that particular level. This maybe the wick candle that everyone waiting before the bearish trend finally reverse. As long as the daily candle is still not closed, BTC still have a chance to fight this strong bearish movement. The amount of short position in Bitfinex is heavily increase yesterday so I believe most of them might gonna take profit today and liquidate this new short position. I really hope Bitcoin will recover today or else we might see a very cheap Bitcoin again as you said.

After what happened yesterday, it seems the price can not hold any longer and the price now is dropping to $38k. We might see another correction as the price is still going down to $38k. But congratulations to people who short their trade because they profit from the situation. If the price drops more, we will have more time to buy bitcoin at a low price. But unfortunately, we do not know how lower bitcoin prices can go down and only place the price we want to buy.

I haven't check the data yet, but isn't it we will have bitcoin futures expirations around this time? (Again, I'm not sure about it).

And maybe this is one reason why the sudden down turn of the price again. Because in the past, it usually does when we have  this kind of end month bitcoin futures expirations.

Nevertheless, we might be at the start of the bear reason, the sentiments are already changing to fear right now and so they could have been liquidating their bitcoins and later buy when the price goes down hard.

I've expected this thing from happening and I am currently getting a lot of fiat saved so that I can buy when the prices starts hitting much lower prices, I know that this isn't the lowest the prices will get. I have already saved enough fiat for me to buy around 0.03 bitcoin but hopefully I can wait a little while and up the price more.

That's already huge amount that you can buy mate, 0.03 is around or more than $1000 if I'm not mistaken. So just imagine if you can buy around $20k-$30k and then just hold till the next bull run.

We all know that $40k won't hold that long though, we are in the brink of going down since 2 weeks ago but now it has happened. So just like you, investors should not be afraid of this imminent bear market, but take advantage of it and buy cheap bitcoins.

If you want to invest in bitcoin, actually a price decrease is an expected step, so that we can buy in large or small quantities, but unlike people who already have bitcoins in their wallets, they automatically expect bitcoin to increase in high prices, and maybe this is a different point of view for both people who have bitcoin and people who are just starting to invest, but I still believe bitcoin in the next month will rise slowly.

Will not? Maybe, but we never know yet.
If the support level will just about to increase, we gonna expect the uptrend but until the volatility takes, that all become uncertain.

That is usually happening as these holders wanted to earn more while new investors wanted to buy cheap. However, even though we have different views and goals, yet, everyone had made a benefit. It is just how the market works and I was glad that it was decentralized coz if not, rich people will certainly have their advantage while poor people only have a fewer chance.

Draw a line in the sand at 40k and invariably that point will be tested, too many people will set their stop loss to 39999 and expect to profit from this strategy.   All that happens is the stop loss is triggered, we receive some selling and buying in this area which will register as higher volume then we go back up probably.    Its best not to keep the idea of solid lines, dollar itself varies in its value anyway.
   If there is higher demand for Dollar and any lack in supply or liquidity for dollar then people will sell BTC, it equates to a higher value for dollar over BTC on that day.   Another day there will be an excess of dollars and so BTC is more able to rise.   It does vary unfortunately, we see waves in the market that move not fixed objectives; it would be alot easier otherwise.

$40,000 really is the strong support right now and just a few hours ago, we've seen the market turned red again and Bitcoin?? Yes it went below $40,000 and now currently sitting at around $39,000.
With this move, there is a high chance that we might see a bear market but lets wait for further confirmation because there is a chance that this might be a false breakout like what happened last time when Bitcoin went below $40,000.

Well, it seems like you're opinions are now voided because it happened. Bitcoin went down to $40,000 already and I think many are expecting it to happen as well though I expected that it will bounce back and go higher in the next days (optimistic mind). Lets just wait a few days before we will see what will happen to Bitcoin. If it stays below $40,000 for a few days then it is the start of the bear market.

Have to say am a bit miffed there wasn't even a hint of a bounce (as I'd been long expecting once 40k would break). Instead, what happened was a brief flicker above $43k and then just losing all that ground to plough $38k. Pretty disappointing, and even without volume I see it hard for selling pressure not to continue into the weekend.

Oh well, my BTC balance keeps growing then.

What a crashed, it's sitting at $40K-$42K and strongly holding that barrier early this week but now it fell to $39K.

Let's be positive and look for a brighter side. Optimistic investors will add some spare to buy those cheap coins, while to those who

will fear in losing their investment. It will be the other thing around. Acceptance is too much for them, seeing that the invested money

is continually falling in fiat value. The very chance that they will follow this selling pressure and let losses to take place. :(

Unfortunately...  >:(

Next stop should be ~37.000 $.
If this is not holding then likely ~30.000 $

A lot of rich people and institutes bought probably between 40.000 and 30.000
So this is why I still think it should not go lower than 30.000.

Anyway, I will forget about the bitcoin price for 1 or 2 years, now.
Bought at 6.000, 7.000, 10.000, 30.000, 53.000.

As I bought the last tranche at 53.000 I watched some youtubers calling for
100.000 and more.

If I hadn`t watched these videos I had waited for a drop to 40.000. Because
I expected that first, but the influencers are so good in talking.

I will never watch any bitcoin videos again. It`s too distracting.
And all these so called bitcoin experts and bitcoin tools out there. LOL. Just LOL.
I will give a shit about their opinions from now on.
I will not listen to anybody, anymore.
This will save a lot of time.

Do you think some of these influencers are doing the opposite from what they are saying?
Calling for 100.000 but shorting to 40.000?

The assumptions we make are just temporary, nothing is permanent. Tesla tends to buy bitcoins around $38,000, but it has crossed the $37k mark several times. Hope that makes sense. Big whales and institutions will not allow bitcoin prices to fall much further. Overall, the Bitcoin market has been a profitable investment, despite the fact holders lost money like crazy at downfall and almost went bankrupt. BTC will go green at some point.

Tesla might be buying that price but it doesn't mean the bleeding will stop, if the market will remain bearish this year, then most likely nothing will stop the dump because it will happen like we saw in the past. The trend is here, the bear market is here, we should see this and strategize on the right thing to do.

There's no way of stopping it no matter what and this is where true holders would really be tested out their faith about on their holdings whether they would cut losses or would definitely be having some good buyback with these levels.We know that a market wouldnt really be just having one path to take and these corrections and dumps could really happen thats why you should really anticipate always that this would
really happen in the market.

As I said earlier that we couldnt really just have one path to take, no matter what positive fundamentals you've seen in the past but doesnt mean that it would able to stop whenever the market
tends to have a bearish run.It couldnt really be just easily to be on that way.

the holders don't lose their money, if they don't sell...

Bitcoin prices that continue to rise will not be interesting, because there must be a lot of people waiting for the price of btc to go down and then buying in large quantities, the price of bitcoin will definitely bounce again, just be patient.

Actually I'm not so sure about what I've seen bitcoin price in the last 24 hours. Russia has had an impact on prices and $40K is easy enough to break as one of the supports that is expected to hold the panic wave through the end of January. As it turns out, Binance traders really want the price to drop below $38K, but I still don't think it's over and there is a possibility of a bigger drop going forward. Next, $35K is expected to be a strong support but when the panic is much bigger than the will to hold on to the price then that support won't be able to hold it either.

I already said that bitcoin could still lose 50%-80% of the total value of ATH november due to the highly volatile market and very sensitive to FUD, now bitcoin has lost 44% of the total value of ATH before, and may reach 50% soon. Having an anticipatory strategy to minimize losses is important, but it all depends on our initial investment goals.

Going under 40k certainly did bring a lot of fear for many people, that is understandable because people always expect it to go up in the long term and whenever it goes down in the short term it becomes a bit of a problem.

However, that doesn't change the fact that we are still looking decent for the long term, people could be going a bit against the whole idea right now because of the short term drop but in a year I am 99% sure that we will go up. So, what we have right now is not really a big deal, it is something I can definitely be calm about because I know that in the future we will be fine and that gives me time to reflect on the situation and feel more at ease with the drop.

Price is now below $40k

http://preev.com/
https://i.imgur.com/Jq3Sk6j.png

I can see the panic already, it easily dips to $36k and probably there will be more downtrend coming going forward, so keep that faith and hold unto your assets and don't panic.

Perfectly WRONG , because Bitcoin now is in the verge of falling not only below 40 but below 30k also , so be ready for the wild ride  because we are going deep more and more this year.

there is no indication that there will be a recovery very soon , but instead the indication is completely opposite to what is expected.

As of this time of writing, looks like you’re wrong about BTC not going below $40k. Right now it stands at between $34k to $35k range and I believe it will go down even further maybe support range of $25k to $30k. I’m planning to go DCA on BTC as I’m a long-term thinker and a guy who doesn’t mind about the price.

Below $30k is coming also which I think reachable since I think the real bear market crash is now starting up knowing that people now are in doubt and doesn't believe that we can go back to bullish season at this month so maybe for now lets prepare for things to come and take appropriate action towards investing decision on bitcoin current condition.

"2. ....except a black swan."

Stock market is down, too. Nearly nobody expected such a sudden crash.
So it is a black swan.

Keeping yourself busy if you happened invested when the value still high, is no time to panic you will only lose your money if you follow this current trend, otherwise, you are willing to gamble and risk by doing a cut-loss strategy, it's not easy as fluctuating market can harm you if you are not that knowledgeable with how the market will move.

It's a good strategy to find or sort other alternatives, altcoin does have many offers you should do deeper research,

that will save you from losing more if you do your homework before releasing another fund for your investment.

I also would want to believe that with the number of whales who are presently into bitcoin ecosystem, they will not allow further fall down of bitcoin prices to happen, given the fact that they have invested so much into bitcoin, they will do a lot possible to keep the price get back bullish mode as early as possible.

And even if it will go low it will be with $33k-35k levels only. Moreover, like it used to occur almost every time after the bearish season comes the bullish season hence the current market scenario may not be an exception from that. We need to remain stronger about upcoming bullish season and nothing less.

the rich might be buying at that price, but there are a lot of people who will be selling because they've already made high profits, so even if the rich were still buying the price would continue to fall


this time the price is falling due naturally as in any market, the news is not responsible for this drop


this is absurd

The price went as low as $33k, so it's a good bounce to $36k right now. It's the start of the week for some traders, maybe they are still torn between pouring their money to trade or re-invest or just wait and sit it out first.

Anyhow, we have a long way to go, we need to get up at least $40k again and sustain the price. We are -50%++ of our last all time high, it doesn't look within our portfolio.

personally I never thought of this , instead i expected that bitcoin will downfall to even 30k and asking why?
because i wanna buy cheaper again lol.

actually i feel sad because of the increase because i thought we are nearing 25k  ;D

but its fine because my holding is enough to make me rich if the price reached 100k in future .

Yeah, why not? every dip is really a perfect buy opportunity specially if you are here for the long term. The price is below $40k, and even went to $32k. And now with brief recovery, but still the price is so cheap that you can buy and fill up your wallets. Unfortunately though, I don't have the fiat right now, if I have, I will double up on my bitcoin at this dip. So for others, take this opportunity, just saying.

The recovery is good, it showed that somehow bitcoin is not going to dump below $30k. However, it has to fully recover as otherwise it will be hit by a bearish market again and another huge dump will happen, I'm afraid that time we will see bitcoin to drop below $30k which more panic will be created.

Follow-up dumps could really happen neither there would be some various news or doesnt really have at all which it is really makes more harder to predict on what would happen next.

The price hadnt really able to dump down below 30k but instead it do really make out some recovery but only just in small percentage but at least it did really tank up because if the price

had gone down to worst like going on 30k level below then panic sell would be even more severe which could really result into in deep reds that we might havent seen before.

Unfortunately its a now around 37k but probably it will not go further since the market is gradually showing green for how many day until now in my view, wherein usually it's sign that bearish is getting weaker. So let's just hope there's no more negative things about bitcoin so that it can recover immediately before this month ends.

Number 3 seems weird but it works. Often times when I think something to happen, it is always the opposite that happen like when I gamble and hoping for a win, I lose but when I do not expect to win or simply expect that I am going too lose, I will then win.

Why cannot we use this trick whenever there is a dump that happens? Maybe this can save us all but to be honest dumps are not bad either but we sometimes need it so that we can be able to invest again at a very good price. Lots of rich peeps are buying now but I do not think they care for the marketing and nowadays I have not seen bitcoin being promoted anywhere other than the newer types of coins.

When an investor buys on a dip, they are executing an accumulation strategy which they will then hold to for the long term. They don't expect returns in the short term because they basically need a bigger return than we normally expect. We can also do like them, but maybe in smaller numbers but still with the same strategy.

Many people are starting to realize that investing in bitcoin in the long term will be able to provide quite good returns, this may have been ingrained among investors so maybe when there is a correction then recovery can always be expected sooner or later.

After all those years, Bitcoin already given that kind of hint. If you look on the long term investment goal

Bitcoin have that capabilities to bounce back and bring decent amount of benefits, though you needed a good amount of funds

since the value of this asset is no longer cheap.

Better to assess and observe how the market is behaving in order to make an entry to a much suitable place..

For now, we might not see the price going below $30k, but if you look at this month, good bounce follow by a drop again, so it seems to be a a dead cat bounce. We should be at around $40k at least for now if we hold the support $38k in the last couple of days.

But I guess it's weak support, so stay tune this month, we might be in for a surprised.
Maybe another $32k-$33k is what I'm seeing base on the current sentiments and trading volumes.

Today the price is around 41k and this has been an uptrend starting yesterday evening. Now this could be a new run or a small correction driving the price upward. So this prediction of yours came out to be correct, grats to you for that.

I think the 30k and 35k support levels are strong and they are limiting the downtrend and pushing the price upwards continuously. I would not be surprised if the price comes back down but by now possibly newer levels will develop at 40k and that will keep supporting the price for now.

Current price above 40k might also give the incentive to some weak hands who bought at 38k to sell away. So we might see a lot of movement at this level before it starts moving towards 45k.

After experiencing a huge price correction in the last few months to drop to $36k, now bitcoin is experiencing a very significant price increase where the bitcoin price has returned to above $41k. If the current price hike continues, then we shouldn't see bitcoin prices lower than $40k again and heading for a sizable bull on Bitcoin going forward. But keep in mind that if negative sentiment occurs again, it is possible that the bitcoin price will be corrected even further down to $34k.

On some exchanges it looked like the drop was as high as $33K, but since then the bitcoin price has continued to recover until today reaching above $41K. I'm starting to think if this trend continues to $45K then $40K will be a good support to make traders and investors confident to continue holding bitcoin in the long term.

I would not say a bull market has been activated but this is a normal condition in the market after a price correction. Traders and investors should still be wary of short-term trends, but whoever bought the dip has been profiting since yesterday. The high demand for bitcoin has made the green candle stand tall on TF 1Day, which was enough to lighten the mood after the recent correction.

In most exchanges, the lowest BTC price was around $33k a few days ago. But when the BTC price increased to $36k, it jumped to $40k and then to $41k very fast. I think people are confident to buy again Bitcoin, so the demand is increasing in the market. Sure, the price looks like to survive above $40k, and I hope it will continue to increase around $50k this month. With the increase in BTC demand, the price will recover quickly.

Yes. That's how crypto market works. After we experienced a severe decrease or big correction, there should be an increase. Maybe, we are on the path to bearish, but the decrease won't happen every time. There are still some increases in Bitcoin price before the next severe drops. That's what I understand about Bitcoin price and market trend so far.

Bitcoin has managed to break through the $40K price wall right now, but in my opinion the market conditions are still in a sideway condition right now and the possibility of bulls strengthening or even bears going on a rampage could still happen in the market, because in my opinion there is currently negative sentiment towards bitcoin has not completely disappeared and the possibility of price correction may occur again.

Corrections was done already (hopefully), and its good to see the price above $40k again. OP is wrong about his prediction which only means to me that this market is really unpredictable even if there’s a lot of good news the price will still corrects and that is a necessary part of this market. If this up trend continues, we might enter into another bull market again.

No one can really precisely predict this market. But we can always give our prediction.
Even experts or long-time crypto users are just speculating in this market.
And based from your instincts, that's how you will react and spend your funds.
People are in positive vibes again because btc tops again the 40k level.
Remember, couple of weeks ago, some are speculating that btc will fall down below 30k, even to 20k level.

Bitcoin price currently at 43k gives hope to the bllrunboys again. But be sure that you will see selling pressure at this point too, some people bought at 40-41k before the dump and are looking to get out quickly before it drops again. I think it will take some time to reach back 45k but it is happening and it might be before this weekend if everything goes well.

Either way traders need to learn how to profit from both sides. When bitcoin goes up, sell it for fiat and keep the fiat to buy when it goes down. This cycling is of utmost importance. Being stubborn will not get your anywhere and you will get frustrated when you observe that you have not made any significant profits in the last quarter.

Yes there are lot of users who have bought Bitcoin around $45k before it started dropping down and most of them were stubborn that it will bounce back now since bitcoin is around $45k those users will be awaiting for some quick profit and wouldn't take the risk again this they would tend to place sell orders or OCO or Stop loss orders. But again it depends on how soon bitcoin crosses $50k mark or how long does it stays over $44k or $45k if it drops by over 3 to 5% then the sell pressure will come into effect.

40K is once again relevant, if we can keep that as support now it'd be quite bullish but overall its reasonable to expect a greater test then this.   We are above the general trend up from the bottom and the momentum of the weekly average but I would not assume we remain so without a test.   After we test down we should then be more able to resume upwards.
  Ideally its 43k (https://talkimg.com/images/2023/06/12/AkAVq.png) we keep but 42k also would quite positive still.

There's no such thing about strong support but speaking with technical analysis then we could able to point out on what are the probable points that we could see out and now the price had risen

back to 44k+ and moving sideways then its really hard  to determine on what would be its next move whether it would break 50k resistance or would go back below on 40k support.

It all matters with the demand and this is something we do always look and making out speculations until this very moment from the moment this market had started.

I don't know what you mean by that. But human greed never diminishes. If you have 10$ then you can go to how to make 50$ from it. Cryptocurrency is exactly the same. If you have 1 BTC then you will want to make 1 more BTC from it. Because no one wants to lose. But from the stage BTC is in now, it seems that it will remain stable at 42K-45K for some time. After that it can increase or decrease.

This is also speculation and most of them are just nonsense because indeed not a few of them are talking but without the existing data and facts.
Just do what you want to do. when they reach that price then why? Are we going to panic? Of course it won't be like that.
on the other hand as they get deeper and deeper of course there are those who create momentum like whales getting ready and some people going in and buying at low prices.
Now they have started lower than that for the reasons you have mentioned one of which is the still heated situation between Russia and Ukraine.
But there's really no need to be too worried about this, because sooner or later without war, even bearishness will definitely exist as before

Bitcoin price has surged in the past week from a price range of $38k to $45k. However, this price did not last long, even now the bitcoin price has dropped back to the $38k range. I thought maybe the bitcoin price would fall back below $35k.

At the moment the market isn't stable and it needs good momentum to push it above $40k. Somehow bitcoin took a fast move and broke $39k range but it wasn't able to move the same way. The price failed to break the $39250 barrier and now trading down to $37k. This is a big time for traders, because the volatility has made a massive difference in the price in short time. Precise prediction will let the user buy low and sell high.

Reaching that bearish market is not really the big problem, reaching to bull market is not a goal neither. It is about staying stable enough to actually matter, volatility is not the stable that I am talking about, the stability I am talking about is the reality of regulations and how nations and governments react to it. If we are all still happy with crypto and keep on using it then we are going to end up with a lot better results. That part of adoption and stability is the thing that matters the most.

Russia and Ukraine is not a problem, we are still seeing both nations looking bitcoin positively and doing that even during the war they are having. If that is possible, then we should not be really worried about anything else.

i'm sure many traders take advantage of moments like this ^{(buy low sell high)} how fast the price changes occur, an observant trader will definitely make big profits.  in the next few months, i don't believe the Bitcoin price will go past $40k, we will definitely see a price range at $30k++ till next few weeks.

Suffice to agree with what you said but indeed in this case of course we also can't rule out Bullish and Bearish even though it doesn't really have much effect, especially for people who invest for a long period of time but this must also be used for our momentum so that we can increase load there.
Recognition and stability are also important because this is what most people really look forward to.

In the case of Ukraine and Russia, it may now have quite an impact because now the Invasion has been carried out by Russia and this of course will have an effect not only for Crypto but also for the economy.

With so much pressure on this ongoing war from Russia and Ukraine, it seems that the market is not gaining any positive movement
it's tough to rush yourself and buy your asset. It might take some time before we see new money to flow and bring good positive
pressure, better to keep your calmness up and analyze deeper.

Scalping is still possible if you are willing to take the risk, it's good for those who are good in anticipating the moving market. ::)  8)

I disagree though, I'm a bearish person this year, but what we have seen today, the growth itself, convince me that the price could touch $40k again, it's just a question of time. I think the relative strength of bitcoin could settle around $43'ish and that is the price that we could see bitcoin stablised for this year and not below it.

I am also expecting a huge correction this year and the market turning bearish but when the Russia Ukraine war started, the market started dropping drastically but i was skeptical because i was expecting everyone to move their assets to safer ones like BTCitcoin when you are under attack and that is what happened as the market recovered quickly after a sharp decline. Global situation will determine when we will have a major correction.

Yep, in the last 48 hours, the price remains very solid and there is no sharp decline, meaning not enough sellers in the market. I agree that global situation is sometimes the most important factor whether the price will go down and up. But so far, the war seems to be very positive for crypto market as we might have a good attempt at $40k range.

No one can be sure about this. Bitcoin value might fall below 40K or even 10K. But if we see the past price movement of Bitcoin, no matter how much the price has fallen the value of Bitcoin has always eventually risen.

There are 2 types of people inside crypto and in bitcoin. Those who earns and of course those who losses in which meaning for others to gain there must be a loser right?so Let them buy in large quantities and let others lose large as well.
for me it does not matter what happen today because it is the future whom will decide for all of us.
buy now and sell later that is the idea we must follow .

40k is possible from the ATH but 10k? I don't think so.
Because I've been here in crypto space since 2016 and to be honest i never see bitcoin collapse from the ATH and fell like a rock, i mean not literally that seems the end is near..
I can't imagine what will be the reaction of some enthusiast if however they saw bitcoin suddenly collapse from 10k and the and current ATH is 60k.

Yes, Bitcoin never fell like a rock below its initial lowest price before the halving effect ATH market as you claimed but the market is full of possibilities, and the last time i checked the major investor of this current market is the institution which I believe most of them is yet to understand how crypto market works,
If the market replicates the old market correction/blood bath that always happens after Bitcoin halving effect market is over if the institutional investors panic sells their holding we may see the $10K price.

People are very confident about bitcoin's long term potential and therefore probably $10K will not be touched again after ATH $69K. I just think the bottom may be above $20K if the correction continues for the full year, and I think $20K will be strong support for bitcoin before hitting another ATH in the future.

Institutional investors, bitcoin whales, and panicked traders will quickly sway the price if supply is higher than demand. Obviously it will continue to be a determining factor in the price of bitcoin and in fact we never know what will happen to the future of bitcoin including its price. If you believe in good potential in the future, you just need to collect bitcoins now and whenever you can.

Ah, but if you look at the 4 hour timeframe, we are indeed on the boundaries of $40k. So after a huge rebound in the last week, as high as 12% increased and it goes to $45k almost, the price has been in the decline today. Not sure what happens, but we are dangling around $40k-$41k'ish. I'm just thinking that the sell off had happen because we can't get over the resistance of $45k so we need to reset again to this price. Hopefully it won't go below $40k again because it will be a disaster, just saying.

We’re terribly close to $40K to have people saying it won’t fall below that level. We seem stuck in a trading range between $33-43K. We’ll need a move well above $43K and to hold it before I’d count out heading back to $33K. We’ll see how things play out. A lot of uncertainty hanging above the market right now with the gox and finex funds set to possibly hit the market in a few months. It’s starting to feel like the moonshot to $200K won’t be happening for a few more years. It is great to see short sellers getting liquidated instead of longs though.

On my opinion BTC will go dramatically lower if it can’t hold this level. The daily chart looking horrible for me.
There was strong resistance around 44450 levels. It always failed to break this area and goes lower from here.
Look at the chart:  https://www.tradingview.com/x/Zp5dgsf3 (https://www.tradingview.com/x/Zp5dgsf3)
Of the red line will not hold, i think it will go lower. Let’s hope it found support again within this range.

Next stop will be $38k, we've broken the resistance of $40k already so there no point of talking about $44k or resistance above it.

Hopefully this will be the same like 2 weeks ago, when we dramatically lost the $40k support, the price seems to bounce back and hit $45k, so let's see, at the background there is still the noise of the war and hopefully we can see the price going back again despite what is happening in Europe.

I agreed with what you said about Bitcoin experiencing strong support if it happens that it downtrend to $20K but I think we should be happy for the institutional investor enthusiasm level about the Bitcoin market which prevents the market from experiencing the huge market correction that always happens after the halving market.
Having said that, we're talking about the crypto market here where the impossible can help and a single statement by the FED could lead to the exit of the institutional investor.

Of course the last all time high as around $20k in December 2017, and from 2018-2020 we are way below even hitting the lowest low for the bearish cycle at $3k March after the pandemic was announce.

But there is one important event in the calendar that year 2020, the bitcoin halving, which for us is the catalyst for a bull run. So we don't have it right now and so many thinks that we will still go down below $40k or even under $30k worst scenario.

Its  become more possible we do search the lower 30k's.   The close to this last weekly bar is quite negative and any further negative trade will push price action over the edge.   We have to see but the lows around 38k need to hold now for any hope of a build higher, recovery or just sideways.
    We are in a regular downtrend (https://talkimg.com/images/2023/06/12/A31z3.png) here, if we can simple hold this price level then it can eventually turn positive & that would be the time element in recovery prospects.

Best that you put that word (PROBABLY) on the top because if not? then you  are surely mistaken because the price drops from your post below 40k multiple time and even almost drops below 30k dumping to 33k recently .
no wonder what will happen in the long run for this prices but I am certain that the whole  year will be like this continuously .

Bitcoin price is indeed unpredictable and always changes quickly, but it seems that the trend for a correction to below $30K will not happen again (if it's below $40K, it's still possible) and is currently entering a trend to increase, although reaching the maximum is very difficult to happen. . yesterday almost reached $45K, but finally dropped again and is currently trying to repeat to break through $45K and hopefully it will happen tomorrow, so that by the end of March there is a possibility to reach $50K will be well, and we are waiting for good news is not it bad news that will make bitcoin slump again.

Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

^ PROBABLY it will not.
No one will really know, we are just speculating the possibility that happens, it's been always BTC price is unpredictable.
I am not good at speculating using technical analysis, the common that I have used is a fundamental strategy which is sometimes relying upon news before you will have a better answer. So for now, it seems there is no good news around, and after this massive fall, there will be resistance and that is what I have got right now. BTC will remain unpredictable and no one really knows.

I am also expecting a major sell out in the meantime by institutional investors who entered the market well before the halving and whenever we see a pump in the market i feel like they will be booking their profits and i really do not think that they will dump everything all of a sudden and they are booking their profits strategically. I am curious to see how long this push will continue before going for a correction and then repeating the same process over again.

It is still a possibility, but market behavior has many favorable signal levels to add value for institutional investors to accumulate, 38k-40k is still a low level for whales to take advantage of but I think the possibility  This feature will be the exception.  .. 40k is still well supported and i wouldn't worry if we end March with 40k-48k.  The market reaction to bitcoin is slowly emerging.  Just waiting
The obsession of black friday won't come easily. ;)

^ Not sure why it would be any different this week from the previous though. The strong fundamentals you mentioned (and more than that not mentioned) have all been creeping up in positive trends for years, with or without the market reflecting that.

I wouldn't even say we should not worry if March doesn't end at 50k like people seem to be getting the fuss on about -- the real worry is if we don't hold above this 40k support for the entirety of April.

Barely 12 days since we broke above 40k. I'd much prefer a full 30 days spent above it than 50k right now.

for multiple times Bitcoin price drops below 40k this 1st quarter alone so this thread is a complete failure from that perspective and also the value of Bitcoin rising and dumping from the beginning so indeed the unpredictable status and characteristic of Bitcoin is the same reason why this coin is the most trusted and most supported currency in crypto world because this can bring Profit but also can take capital.

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

Is it already a bull run? I mean we are still in the same range that we were for months. In February we went to 45k and fell to 34k then went back up to 45k and down again and this is the third time we're at 45 so I don't see any bull run yet.
What catalyst are you talking about? We had plenty of catalysts like the EU voting against PoW ban, Musk saying that he won't sell bitcoin, oil companies like exxon mining bitcoin, new president of Korea saying good things about it... The market looks more bullish than it was last year just the price is being suppressed by traders.

Yes, I think we are in a mini bull run from last month's low. From the chart, it is clear that this growth is much more robust than the previous two spikes. But yes, it's too early to tell since we still have to break through the $ 46k resistance. On a weekly basis, as long as we remain above the $43,000 support, the priority is bullish.

I believe we will soon leave $40k to fly higher, daily transaction volume continues to increase and more and more countries are legalizing bitcoin makes us optimistic that by 2022 bitcoin price can reach at least 2x or $80k, focus on continuing to buy and don't sell when losing is the best strategy we have to do.

We are now settling down to $45k, the price that we should look at right now because this seems to be the common ground for now, not $48k and obviously not $50k.

If this didn't hold for the next 2 weeks, I'm expecting a gradual pull back again and we could retrace to $40k. So hopefully we can have the $45k support holding because it seems the pressure to sell is here again.

Yes, maybe testing the liquidity again that's why the prices really dip after reaching all time high and now we are seeing the same pattern. We reached $48k but slowly, the price is coming down again to the $45k'ish. So obviously the sell-off has started already so I might be right by saying that the market doesn't look good and I'm not comfortable with it's run to $48k. Someone is playing again and taking advantage.

And that's why I remain to be at least bearish this year and not expecting huge runs and price going below $40k is to be expected.

As you have said, there could be pressure now, as the price didn't have any push to reach $50k after going as high as $48k this week.We all know the news about Terra investing huge amount, and then there is the war in the background. So too much is going on inside and outside the market that can affect the price, so we should always be wary of it.