Bitcoin gradually clinching to $40k

[bakasabo]

I wonder what will be the price that will be considered as too late to buy because the price is already high enough ? So far I see only growth, caused by greed perhaps. Or not. I dont know. With such high price, I see no people fix their profit. Seems like people are not scared of a sudden price drop, even though greed index shows it is extremely greedy time. I just cant stop be amazed how price goes up and confused what to do. Hold or sell partly.

[lovesmayfamilis]

Today's bitcoin price is being pushed by institutional investors who are looking to buy more and more bitcoins, thus putting pressure on the market and driving up the price. Analysts at Glassnode provided a report that only 22% of free bitcoins remained. Since institutional investors have bought most of the available bitcoin supply. Also, 78% of Bitcoin is illiquid.
https://twitter.com/glassnode/status/1344020551942238212


And thus, this suggests that the rally will continue, and bitcoin will be able to reach a price not only 40 thousand. But also a much higher price.

[Asuspawer09]

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

At this point, the bitcoin market price already surpasses its limit and I think it has the potential of even reaching 100k$ easily this year everyone is waiting for a pullback or correction at this point.

But the pump is just not stopping  this is ludicrous but seems to be a good thing as well for bitcoin reaching this kind of milestone, a lot of investors invest the amount of a billion of money into bitcoin.

That is probably one of the things that push the bitcoin market up, but hopefully, we're gonna experience the correction soon.

[blckhawk]

In recent time we have seen bitcoin constantly increasing in price and at the moment bitcoin price is $32,390 which is a record breaking. I believe before the middle of next week we are going to see the new all time high of $40k, what is your take on this?

Well, the price is now on the $37k mark and $40k is can now reach anytime. I believe that $40k will happen perhaps in a couple of days or next week. I don't think the rally was over because institutions keep pushing so I think we may have seen it $50k at the end of this month. No any sign of bearish so it will keep going I think, just make sure that you have an exit point and don't be greedy. We will have a more couple of ATH coming because the growth was rapidly increasing.

[fauzan123]

Every few days we see Bitcoin making a new price, and above the previous one. Bitcoins are above $35,000 which is astonishing, and a price of $40,000 is likely to happen next week. Let's wait for more surprises.

It seems that the target that can be achieved in the near future is $ 40k, of course this is a very extraordinary achievement in early 2021, I think the resistance at $ 40k is likely to be a strong resistance to break.


However, as we all know, everything is just a matter of prediction, because some analyzes have also experienced errors in bitcoin predictions recently.

[Silberman]

It is the same old story all over again, when bitcoin reached 1k once again at the beginning of 2017 many people thought that bitcoin will either crash or at most reach 2k and bitcoin went up and reached 10x that value, and while I do not expect to get that kind of growth ever again, I really think we are going to see bitcoin going up faster and higher than most people though it was possible, 30k was not only possible now it is the new floor which means 40k could be just a matter of time and we could leave it behind just as we have left behind the 30k level.

Indeed it is a matter of time.  At the current event, the Bitcoin market is very enthusiastic and the $40k is almost at hand.  If the market sentiment is maintained and FOMO keep on triggering, it is even possible to reach $50k  in a shorter period of time.  But the thing with cryptocurrency is that one bad event/news is enough to crash the market.  I hope we won't be hearing any pro-bearish market news any time soon.

The enthusiasm seems to have received a reality check, personally I am not against that as it is impossible to have a market that grows all the time, this can be a great opportunity to buy into the market again before the bulls make another attempt at the 40k level, however it would be nice if we could remain at the current level during a few weeks to bring at least some sense of stability back to the market and see if we can bring those still on the fences to buy bitcoin again.