Is bitcoin steering towards $40k once again?

[maxreish]

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

There are also fuds circulating about Grayscale's bitcoin trust growth which may prevent bitcoin to finally surge up again to $40,000 but then again this won't take long and bitcoin will still go that new ATH as we see whales gonna move again their btc.

[samputin]

Is bitcoin steering towards $40k once again?

Considering the price differences for the past weeks now, I have strong doubt we are gonna see Bitcoin hitting $40k anytime soon. Looking at the price patterns, Bitcoin will continue to have a market value between the range of $25k and $38k.  But there is some kind of chance we might see Bitcoin hitting above $40k within the third quarter of 2021.

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

[yazher]

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

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

[GeorgeJohn]

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

[bluebit25]

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

[Keila Faith Villanueva]

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

[Keila Faith Villanueva]

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

it's just adjusting. our opinions differ

[Kakmakr]

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

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

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

[Keila Faith Villanueva]

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

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

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

[playyamy]

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

[btc78]

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

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

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

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

Any news Link ? what are those mentioned by you?

[Reid]

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

[traderethereum]

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

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

[habo8]

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

[kiki8899]

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

[mezzaluna]

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

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

[AakZaki]

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

[judeafante]

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

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

[sarmrakib]

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

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

[kamadazje]

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

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

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