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Author Topic: When Bitcoin is going cross $40k again?  (Read 425 times)
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February 01, 2021, 07:39:26 PM
 #1

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?









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February 01, 2021, 07:53:12 PM
 #2

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
It has been quite stable for the past week or even more, has settled at approximately $31.000-$33.000. I was expecting that it wouldn't recover anywhere close to the $40k ATH. I suspect that it will take a while, my guess would be mid-February, if we're lucky enough.

That's just my opinion though, we can't actually predict that.

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February 01, 2021, 08:36:55 PM
 #3

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
It has been quite stable for the past week or even more, has settled at approximately $31.000-$33.000. I was expecting that it wouldn't recover anywhere close to the $40k ATH. I suspect that it will take a while, my guess would be mid-February, if we're lucky enough.

That's just my opinion though, we can't actually predict that.
It needs some big news like converting balance sheets to crypto or major companies are entering to crypto space. It will sustain at $30k USD easily due to recent publicity to the crypto. And, India is going to introduce a bill to ban private coins including bitcoin, eth, etc soon. A short-time bearish moment for some time the recover.
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February 01, 2021, 09:32:07 PM
 #4

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
Not anytime soon. I have heard that Indian government is going to ban bitcoin. If this happens you will see a huge market with some great potential leaving out from the market. Also this recent Gamestop thing has actually alarmed the institutional investors towards reorganizing their capital and I don't see any major hedge fund coming into bitcoin anytime soon. Therefore crossing over $40K without a piece of big news would be impossible. Talking of this technically the price is currrently floating below the 20EMA which indicates a bearish medium-term trend therefore we could remain stuck around this area for quite some time.   
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February 01, 2021, 09:39:24 PM
 #5

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back.
With the sequence that we've witnessed that bitcoin rises every day during the holidays, we're thinking that it's an unstoppable sequence that we're looking for even though it's done.

What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
We will see it again. But don't think too much because it is stressful if you're always thinking of it. What's the best thing to do if you do believe that it will comeback to $40k as soon as possible, buy while it's under that price.

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February 01, 2021, 10:05:46 PM
 #6

I did think it would pull back after its initial success, the big question is how far and for how long as to revise lower prices is quite normal but does this extend into the rest of year to work through this whole higher price range.   I always side with the extremes not exactly negative but expecting us to go lower then expected too far even and then we bounce back and we fry bear meat for dinner also but that would suggest in the greater extremes that we also take more time to run through the full range of possibilities.
   So to me 20k is about the lower end of the range and as you mention 40k is the price to beat, it surely does come with some trigger to make a new high.    In the price of autumn it was actually something 15k that was more important, confirming above a price such as that showed we had beaten a trend of lower highs since 2017 but also the 2019 highs and in retrospect that was the time to go bullish on a much wider picture and scale.  20k of course later meant new ATH to some and it moved further.   Again now I want to spot where do we break the negative trend if any from the ATH, I count a purely YTD trend passed but on wider time frame we have more work to do it seems.

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February 01, 2021, 10:18:02 PM
 #7

The market is with good stability. Anytime soon it can have a steep rise in the market making the price of bitcoin reach above $40k. The price of bitcoin staying above $30k gives confidence to every user in holding to get a better profiting at the shortest. Another thing people are much with positive thoughts about the market.

When something negative spread about bitcoin, people haven't reacted big to it. This has overcome the panic selling and that's a big reason for the market to stay strong with fluctuation and without deep crash.
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February 02, 2021, 01:45:49 AM
 #8

If the question is "when", we can't really answer that.
But touching $40k again will be possible if the resistance level will reach and break again $38k wave 5 bull run is going to happen. That's only my speculation and it can change since market is always a tricky one. And the current consolidation may possibly go bullish. Though I admit its hard to achieve that now as there are many barriers but one thing is for sure, we can see again that $40k above.
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February 02, 2021, 02:36:37 AM
 #9

Today I read the news about India's plans of a total ban for all crypto-currencies. If they vote this as a law, we may not see Bitcoin at $40k anytime soon. On the other hand, if India drops the proposal and with the stable Bitcoin price, it could cross $40k in days.

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February 02, 2021, 05:28:51 AM
 #10

You do not need to worry about that. I am sure bitcoin sooner or later will cross $40k again. If bitcoin price now hardly breaks $35k, it will break it soon, and I think you should prepare yourself by having many bitcoin before the price goes up. Bitcoin still has much time to go up, and the new year is just beginning, so I guess that bitcoin needs more people to buy to lift the price. But we don't know when bitcoin will break $40k, all we can do is enjoy the price now, and trying to make more bitcoin as we can. So we better to wait and see.
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February 02, 2021, 05:43:17 AM
 #11

Today I read the news about India's plans of a total ban for all crypto-currencies. If they vote this as a law, we may not see Bitcoin at $40k anytime soon. On the other hand, if India drops the proposal and with the stable Bitcoin price, it could cross $40k in days.

That the Indian government has such plans is definitely bad news. However, I don't think it will matter much in the long run. Bitcoin's market capitalization is still so small that it still whales decide when Bitcoin reaches the new ATH.

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February 02, 2021, 06:09:11 AM
 #12

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
You must be thankful of this Movement because in this way you can make trading using this valuable and safest trading material.

Imagine that you can atleast make a easy 3-10% profit each time? why Seek for another ATH as if you have So much in holding ?

Let the coins move on His own , i mean the demand will make this currency go Up nor down and we can't make it favor us unless you are a Whale that Holds a Million or Hundred thousand Bitcoin in your wallet.
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February 02, 2021, 06:39:51 AM
 #13

No one knows when it will happen. Worse is maybe it will not happen anymore Cheesy.

I already expect Bitcoin to go sideways at around the $30,000-$40,000 price like what it did when it is at the $10,000-11,000 price range. We saw what happened to Bitcoin at that time. It chose to go upwards and the rest is history. It might also happen this time but it needs a catalyst (news) in order for it to happen. Musk's tweets might help Bitcoin to pump that price. WSB might also pump it too Cheesy. Who knows what might happen in the next weeks especially that a group of people are picking a coin to pump and dump with.

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February 02, 2021, 06:55:47 AM
 #14

The range right now is quite understandable. With strong resistance at $35082 and strong support at $32537. It probably means that many people are not willing to buy more than $35k right now, and if we stay in this region more, it's going to take a longer time or even change trends as we continue.



We're still in the neutral range, and there's always the possibility of $40k, but there's also a chance to see $25k again. With this in mind, go forth and try your forward testing skills to the test. And may the power of the bulls or bears be with you, lol.


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February 02, 2021, 08:33:13 AM
 #15

Don't you think it's also a good sign?
Instead of waiting for too much, we found our way to a new bottom.
I mean, it's good that it's not going back to 4 digits again right?
IMO, this is still a healthy market. Let the monster rest and somehow it will break the ATH without notice.

No doubt it will go beyond $40k but not so soon.
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February 02, 2021, 09:22:37 AM
 #16

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

Or even worse is that it can drop to $20k again.  I will admit that last few weeks when the price of 1 Bitcoin fell below $19k I thought we were going to be in for some trouble.
But the weak hands did their thing and sold while those of us with long term strong hands are still here and waiting for the next Bull run.
Discussing when we will see the next time of a $40k coin its very hard to determine that.  Stay patient and hopefully we see 40k before we see 20k again.   

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February 02, 2021, 09:51:49 AM
 #17

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

Or even worse is that it can drop to $20k again.  I will admit that last few weeks when the price of 1 Bitcoin fell below $19k I thought we were going to be in for some trouble.
But the weak hands did their thing and sold while those of us with long term strong hands are still here and waiting for the next Bull run.
Discussing when we will see the next time of a $40k coin its very hard to determine that.  Stay patient and hopefully we see 40k before we see 20k again.   

It seems to me that if there shortly will not come positive signals of price increases, the passing of time may negatively affect the price of Bitcoin. The longer the price fluctuates at this level, the more likely the next move of the market will be the price drops to the level you are talking about.

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February 02, 2021, 03:09:33 PM
 #18

I believe before this month ends we are going to see another 40k+ in the bitcoin price. The logic behind why I think it will happen is that we have been around these prices for a very long time and price declines to fall even more, people who are rich (and people who are not even rich) accumulated as much bitcoin as they can and there has been a decent amount of long buys bought as well and we have hurt a lot of shorts during the recent price spike as well that eventually it looks like we are going to only profit from going up and that is the only direction left for us as well.

That means if people would profit from going up, and nobody profits from going down, why would people sell it and let it go down? They would wait or buy more to make it go up, that is the logic behind it. Basically I just believe it will go up to profit everyone; no doubt about that Wink.

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February 02, 2021, 04:38:04 PM
 #19

Hard to say, according to chart, $35k will be the major resistance now, it has been rejected several times although I've seen it surpassed today, however, it  doesn't hold that much long so the price pulls back again. So this is an indication that there are still selling pressure at this price. So it make take a while before we can see $40k. Because the obvious barriers are $35k and then $38k. Market is based on sentiments so if there are some good news like what we hear in November-December then we can surpassed $40k again. But if there is none, then we are going to be in the sideway pattern for the next week or so.

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February 02, 2021, 06:17:16 PM
 #20

In my opinion I think there is a chance that bitcoin will hit again $40k because bitcoin price is stabilizing at $32k to $35k so we never know it would pump suddenly and Elon Musk promotes bitcoin so low chances of getting dump. Reaching 40k will likely to happen again and I guess this month will happen.

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February 02, 2021, 08:19:13 PM
 #21

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
There's nothing impossible that the bitcoin can make, we all know that the fluctuations that are happening in bitcoin are just part of the correction. Every time that I am seeing that the bitcoin is pumping up meaning there is always a chance that it may break again the ATH and across again to the $40,000. If the bitcoin break again the ATH of $40,000 then it is great news for us and also great news for those people who are holding again their bitcoin until now.



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February 02, 2021, 11:17:35 PM
 #22

I think it will not take long before Bitcoin cross $40k again.  It current price movement starts breaking down resistance to reach $38k.  After breaking, resistance in $38k Bitcoin will gain momentum in breaking the $40k barrier. 
Probably this analysis from tradingview make sense.

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February 02, 2021, 11:23:59 PM
 #23

I think it will not take long before Bitcoin cross $40k again.  It current price movement starts breaking down resistance to reach $38k.  After breaking, resistance in $38k Bitcoin will gain momentum in breaking the $40k barrier. 
Probably this analysis from tradingview make sense.

We'll see, bitcoin has not reach $40k again, it's price trend now is more on going down below $30k although it's stable a bit. Analysis from experts always makes sense, even your own personal analysis but we have to understand that we are just betting each other, some will long, the other side will short bitcoin and only one wins depending on the situation or market period.

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February 02, 2021, 11:32:02 PM
 #24

I think it will not take long before Bitcoin cross $40k again.  It current price movement starts breaking down resistance to reach $38k.  After breaking, resistance in $38k Bitcoin will gain momentum in breaking the $40k barrier. 
Probably this analysis from tradingview make sense.

We'll see, bitcoin has not reach $40k again, it's price trend now is more on going down below $30k although it's stable a bit. Analysis from experts always makes sense, even your own personal analysis but we have to understand that we are just betting each other, some will long, the other side will short bitcoin and only one wins depending on the situation or market period.

we are now 35k level again. and the good thing here is that even if btc falls below 30k, it goes up again. imo, that's a good signal already. how many times in the past that we have seen even the 30k price level? none, right? only this year that we are enjoying the 30k+ of btc. so not really bad for btc performance. and the $40k price? maybe not far from horizon. but before it hits that price again, make sure that you are ready with your portfolio.

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February 02, 2021, 11:38:46 PM
 #25

I think it will not take long before Bitcoin cross $40k again.  It current price movement starts breaking down resistance to reach $38k.  After breaking, resistance in $38k Bitcoin will gain momentum in breaking the $40k barrier.  
Probably this analysis from tradingview make sense.

We'll see, bitcoin has not reach $40k again, it's price trend now is more on going down below $30k although it's stable a bit. Analysis from experts always makes sense, even your own personal analysis but we have to understand that we are just betting each other, some will long, the other side will short bitcoin and only one wins depending on the situation or market period.

we are now 35k level again. and the good thing here is that even if btc falls below 30k, it goes up again. imo, that's a good signal already. how many times in the past that we have seen even the 30k price level? none, right? only this year that we are enjoying the 30k+ of btc. so not really bad for btc performance. and the $40k price? maybe not far from horizon. but before it hits that price again, make sure that you are ready with your portfolio.

The other day I see Bitcoin price at around $37k and today it is around $35k trying to break $36k.  I also think that the market will trend like this for a little while before breaking through.  I also think shorters are taking advantage of this fluctuation really well, buying at dip and shorting at top.  I agree @Natalim that the other will short and we see that they are performing well, preventing Bitcoin to skyrocket again but I believe it won't be long before they lost a grasp on the market and Bitcoin starts surging again.

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February 02, 2021, 11:53:42 PM
 #26

With today's Bitcoin price making it back to $ 35k, after a few days of stabilizing at $ 32k - $ 34k, this is a sign Bitcoin will soon return to
above $ 40k in the near future. We just need to wait for Bitcoin to rise first to a price of $ 38k, if the price of $ 38k can be reached. I am very
optimistic that Bitcoin will rise above the price of $ 40k again. So from that we just be patient, do not rush to sell the Bitcoin we have.

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February 03, 2021, 02:13:02 AM
 #27

With today's Bitcoin price making it back to $ 35k, after a few days of stabilizing at $ 32k - $ 34k, this is a sign Bitcoin will soon return to
above $ 40k in the near future. We just need to wait for Bitcoin to rise first to a price of $ 38k, if the price of $ 38k can be reached. I am very
optimistic that Bitcoin will rise above the price of $ 40k again. So from that we just be patient, do not rush to sell the Bitcoin we have.

Yep, as I have said before in other thread, $35k is the big resistance as it has been rejected many times already and I thought that we are not going to conquer it as we might enter a bearish trend soon. However, bitcoin prove me wrong again, today we have a good spike and I'm not surprised that it will not just surpassed $35k today, it will jump higher and then go for the next resistance at $38k.

So $40k is possible, might be mid by next week. And so the bull run continues from here.

R


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February 03, 2021, 03:54:59 AM
 #28

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
This is a period of accumulation, the price was going up too fast and it was simply unsustainable and it seems traders in general agreed with this sentiment and the market slowed down as a result, just give it time, we need more money coming to the market and for this to happen we need governments to keep printing money and taking bad decisions.

While many are expecting this year to be good for the economy I think only the markets will go up, many jobs were lost and most of those jobs are not coming back as who in his right mind is going to start a business with their savings or ask for a loan when the economy is in such a bad state? And many people are not going to go back to their old habits either as they lost their jobs or they lost a great deal of their savings during the pandemic so consumption will not grow as fast as governments would like it.

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February 03, 2021, 06:19:21 AM
 #29

It looks like it may get close to 40k for sure in the next couple weeks. The MACD just crossed the EXP. The CCI just went over 100 on a 6 month chart.

It should be able to cross through 40k as well but there should be very strong resistance around 40k. If it does go through it, it will fire up into 44k range as we saw it do last time.

Its looking good now given its getting double tapped by retail and institutional investors.
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February 03, 2021, 06:46:54 AM
 #30

It looks like it may get close to 40k for sure in the next couple weeks.

It looks like you haven't checked the Bitcoin price in the last few hours. The chart is climbing very fast and it has jumped by 8% in the last hours. I think you should correct your statement, as everything indicates that we will have new ATH in a few days, not a few weeks.  Wink Cool

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February 03, 2021, 07:38:52 AM
 #31

if according to my prediction bitcoin fall first level $ 26k and then go to the level of $ 40k .. Yes probably will require a long time. we enjoy a process while trade short-term and seeking advantage among correction bitcoin. I have benefit much because take advantage of correction bitcoin, buy below and sell while profit.
And when this your prediction will happen? Yet when your doing some buy and sell just to make small profit it is good but those taxes will eat you because of big taxes every transaction you will be made, Since bitcoin is stable at the moment and haven't seen that much active in pumping and those investors as well are waiting for something to happen like a bullrun. it is advantage to have a stock of bitcoin while just waiting for the price to increase but it will gives you more benefits when you will choose also other coins than choosing bitcoin only.
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February 03, 2021, 08:08:48 AM
 #32

It looks like it may get close to 40k for sure in the next couple weeks.

It looks like you haven't checked the Bitcoin price in the last few hours. The chart is climbing very fast and it has jumped by 8% in the last hours. I think you should correct your statement, as everything indicates that we will have new ATH in a few days, not a few weeks.  Wink Cool

It could be because there's still a lot of bullish news surrounding the internet today. One of the most noticeable reason for the pump was the number of addresses holding at least 1,000 btc just reached a new height. So that means the entity and even whales keeps on coming in to the market.
This will basically put Bitcoin into another bullish run, because these whales is the most influential people when it comes to financial and investment platform.

R


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February 03, 2021, 08:28:50 AM
 #33

It looks like it may get close to 40k for sure in the next couple weeks.

It looks like you haven't checked the Bitcoin price in the last few hours. The chart is climbing very fast and it has jumped by 8% in the last hours. I think you should correct your statement, as everything indicates that we will have new ATH in a few days, not a few weeks.  Wink Cool

It could be because there's still a lot of bullish news surrounding the internet today. One of the most noticeable reason for the pump was the number of addresses holding at least 1,000 btc just reached a new height. So that means the entity and even whales keeps on coming in to the market.
This will basically put Bitcoin into another bullish run, because these whales is the most influential people when it comes to financial and investment platform.

I think the new ATH will be achieved within a few days is almost certain. I wonder how high the price can go .. It is true that the market is very bullish, but I think it is not yet the moment for the new ATH to be set at the level of $50k. I think we'll stay at around $45k for the next 2-3 weeks.

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February 03, 2021, 08:44:33 AM
 #34

It looks like it may get close to 40k for sure in the next couple weeks.

It looks like you haven't checked the Bitcoin price in the last few hours. The chart is climbing very fast and it has jumped by 8% in the last hours. I think you should correct your statement, as everything indicates that we will have new ATH in a few days, not a few weeks.  Wink Cool

It could be because there's still a lot of bullish news surrounding the internet today. One of the most noticeable reason for the pump was the number of addresses holding at least 1,000 btc just reached a new height. So that means the entity and even whales keeps on coming in to the market.
This will basically put Bitcoin into another bullish run, because these whales is the most influential people when it comes to financial and investment platform.

I think the new ATH will be achieved within a few days is almost certain. I wonder how high the price can go .. It is true that the market is very bullish, but I think it is not yet the moment for the new ATH to be set at the level of $50k. I think we'll stay at around $45k for the next 2-3 weeks.

The focus of traders are now distributed so expect that bitcoin will get calm or shall we say get stable for the couple of days since xrp,doge and other coins are been traded well by majority. But if many will look at bitcoins and create a big demands for sure we can see the price reach up at $40k since it's quite reachable at especially the rate now is at $35,9k+ as of this writing.

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February 03, 2021, 10:20:32 AM
 #35


The focus of traders are now distributed so expect that bitcoin will get calm or shall we say get stable for the couple of days since xrp,doge and other coins are been traded well by majority. But if many will look at bitcoins and create a big demands for sure we can see the price reach up at $40k since it's quite reachable at especially the rate now is at $35,9k+ as of this writing.

When it comes to the pumps that took place at XRP and DOGE, we can forget about it. Volumes on both dropped completely. Investors are waiting for another move from WallStreetBets, but they only write about Bitcoin, so I don't think there will be any surprise here.

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February 04, 2021, 11:47:45 AM
 #36

The focus of traders are now distributed so expect that bitcoin will get calm or shall we say get stable for the couple of days since xrp,doge and other coins are been traded well by majority. But if many will look at bitcoins and create a big demands for sure we can see the price reach up at $40k since it's quite reachable at especially the rate now is at $35,9k+ as of this writing.
I do agree that bitcoin becoming a bit more "stable" was something we all expected but the reality is that we didn't become stable, we became stagnant and that is a bit of a problem. If bitcoin price was stable it would have been stable but right now price is trying to be volatile again and not be stable yet it fails.

When price doesn't want to move that is called stable but when the price wants to move but fails to move that is not stable that is stagnancy and that is not a good thing. I hope that price does go to a level (up or down) where it is comfortable and stable but right now it is not like that at the moment. Eventually we are going to end up seeing a stable price but that price is not here, it is going to be either higher or lower.

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February 04, 2021, 01:04:39 PM
 #37

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

Anytime soon, market is doing great, this week we have a 23.7% pump we have another one like this next week, we'll have it again, I don't believe Bitcoin all time high will be fix in the $40 k we are on a first month of the year and things are doing great, $40 k is very much attainable, it will take another pandemic to crash the market.
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February 04, 2021, 01:47:51 PM
 #38

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

Anytime soon, market is doing great, this week we have a 23.7% pump we have another one like this next week, we'll have it again, I don't believe Bitcoin all time high will be fix in the $40 k we are on a first month of the year and things are doing great, $40 k is very much attainable, it will take another pandemic to crash the market.

I disagree a second new really bad strain of the covid causing say 20,000,000 dead in 6 or 7 months would not crash BTC.
World Wide Governments would have to put a lot people on unemployment.  Money would be printed 2x or 3x what happened in 2020 the dollar the euro regular cash would inflate and BTC would shoot up and over 100k really fast.

Not that I want that to happen. But pretty sure it is what would happen.

I will take BTC slowly moving upwards I think it get to a new all time high in under 8 days.

lest say 47k slowly drops back to 37-38 k from feb 12 to feb 28 then shoots back over 50k in march.

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February 04, 2021, 02:05:32 PM
 #39

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
It is indeed been stable for Bitcoin in the last couple of weeks that is why it's been hard for us to tell whether Bitcoin is really going up breaking another ATH or it will drop below $30k because of a back and forth movement. But now it somehow clear, there is a lot of good news coming lately and this could be a hint that Bitcoin will continue once again. There's a lot of goods speculations are going right now if this continues it will make the trend for Bitcoin to rise up again. I believed that the rally is not yet over. We were currently having a price of $37k right now, a couple more steps, and were are about to set a new ATH once again.



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February 04, 2021, 02:11:52 PM
 #40

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

Bitcoin will cross $40k, no doubt about that. But I am afraid that will not happen too soon as we see the bitcoin moves after reach the highest price, the price is not moving back to the higher price but stay at a lower price. We still have time to see the price will increase, and I think that can happen this year or next month. We can not say that the price will go in that two directions in the upcoming weeks because we do not know what will happen later. We hope that our dream will come true to see the bitcoin price will be back to more than $40k.

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February 05, 2021, 12:01:40 PM
 #41

I think it will not take long before Bitcoin cross $40k again.  It current price movement starts breaking down resistance to reach $38k.  After breaking, resistance in $38k Bitcoin will gain momentum in breaking the $40k barrier. 
Probably this analysis from tradingview make sense.

We'll see, bitcoin has not reach $40k again, it's price trend now is more on going down below $30k although it's stable a bit. Analysis from experts always makes sense, even your own personal analysis but we have to understand that we are just betting each other, some will long, the other side will short bitcoin and only one wins depending on the situation or market period.

we are now 35k level again. and the good thing here is that even if btc falls below 30k, it goes up again. imo, that's a good signal already. how many times in the past that we have seen even the 30k price level? none, right? only this year that we are enjoying the 30k+ of btc. so not really bad for btc performance. and the $40k price? maybe not far from horizon. but before it hits that price again, make sure that you are ready with your portfolio.

Actually $37k now, close to $38k, maybe you are right, $40k will soon be achieved again... I was thinking the pump is over and it will start to dump, I was wrong, bitcoin has pump when DOGE pump, looks like they are manipulated, but it is what it is, regardless of the reason, let's face the price.

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February 06, 2021, 09:37:34 PM
 #42

Will we see Bitcoin crossing $40k once again or not?

I have only this for you today:  Grin Bitcoin $40,246.30 (7.08%)

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February 06, 2021, 10:44:17 PM
 #43


I have only this for you today:  Grin Bitcoin $40,246.30 (7.08%)


41k already  Wink
A better question would be: when a new ATH, when moon, when lambo?
The charts are looking like we're about to explode this week into a new high. We'll probably stop somewhere between 50k and 60k.

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February 06, 2021, 10:53:15 PM
 #44


I have only this for you today:  Grin Bitcoin $40,246.30 (7.08%)


41k already  Wink
A better question would be: when a new ATH, when moon, when lambo?
The charts are looking like we're about to explode this week into a new high. We'll probably stop somewhere between 50k and 60k.
That happened in less than a month.  Tongue
But I like that question either, when we're going to see the moon again to have our lambos. There's not that much lambo boys that I've seen unlike 2017, they're everywhere.
Yeah, things have changed a lot. Not just with the market but also with the lambo community. $50k-$60k, yeah, they are likely and might go $100k eoy.

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February 06, 2021, 11:06:13 PM
 #45

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

check the Bitcoin price now! The price is past $ 40k and the bullish sentiment continues,
have you sold it below $ 40? If so I suggest you buy it at the current price of $ 40k,
because many predictions come to take positions with a sell target of $ 50k. , I hope this helps.
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February 06, 2021, 11:08:55 PM
 #46

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

check the Bitcoin price now! The price is past $ 40k and the bullish sentiment continues,
have you sold it below $ 40? If so I suggest you buy it at the current price of $ 40k,
because many predictions come to take positions with a sell target of $ 50k. , I hope this helps.

This is the kind of game I don't want to play, unless I'm doing it for short term.
$50k is just another monster, we headed to high now but we failed to realize the chance to fall back is getting higher.

Anyway, with proper risk management you can still do it, just try to put some stop-loss limit, you'll be fine.

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February 06, 2021, 11:20:29 PM
 #47

The price just hit $40K today just after Elon Musk tweeted #Bitcoin. I think it will take some time before it will hit over $50K, with a lot of investors waiting for the chance to reinvest, we might be able to experience some small price dumps. If you see the price lower than $32K or $33K, I think it would be profitable if you invested at it.

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February 07, 2021, 01:32:11 PM
 #48

^^
The price once again rallied to $40 and i have no idea whey it rallied once again may be because of the hype created by Elon Musk and now the price might go down once again as the market went down 3%. I am not doing options trading and i would like to know about the open position by the end of this month to have an idea how the market might go. 
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February 07, 2021, 02:31:52 PM
 #49

The price just hit $40K today just after Elon Musk tweeted #Bitcoin. I think it will take some time before it will hit over $50K, with a lot of investors waiting for the chance to reinvest, we might be able to experience some small price dumps. If you see the price lower than $32K or $33K, I think it would be profitable if you invested at it.
Seem like it will be formed as a double top pattern for bitcoin price movement since as we have been now its price was failed to reach its previous all time high. I predicted that the price of bitcoin will meet a correction first before increase to pass its previous all time high. Because previously bitcoin has been traded in the sideaway market, usually if the sideway market comes and its price able to breakout the box line then its price will move drastically, but it is not happen now.

Indeed, Elon Musk tweet has given a good sentiment for bitcoin and even all crypto price movement. More than that, the stimulus issue has been pushed to make many people get interest to bitcoin. Especially Elon Musk tweet will attract a lot of new investor to invest in crypto currency. So, don't be panic if the correction comes, we are still in a good path.
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February 07, 2021, 02:59:50 PM
 #50

The price just hit $40K today just after Elon Musk tweeted #Bitcoin. I think it will take some time before it will hit over $50K, with a lot of investors waiting for the chance to reinvest, we might be able to experience some small price dumps. If you see the price lower than $32K or $33K, I think it would be profitable if you invested at it.

Elon is a big help it pushes the price to $40k I'm sure many people profited on this level because the FOMO started when it broke the last all-time high, if you are a risk-taker you'll take this FOMO positively, not thinking about what happened in 2017, we are treading in a new direction, a new direction, it's either you can make a lot of profit or loss whatever direction you are taking be sure to only invest what you can afford to lose, even if the market looks safe.

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February 07, 2021, 03:34:52 PM
 #51

The price just hit $40K today just after Elon Musk tweeted #Bitcoin. I think it will take some time before it will hit over $50K, with a lot of investors waiting for the chance to reinvest, we might be able to experience some small price dumps. If you see the price lower than $32K or $33K, I think it would be profitable if you invested at it.

Elon is a big help it pushes the price to $40k I'm sure many people profited on this level because the FOMO started when it broke the last all-time high, if you are a risk-taker you'll take this FOMO positively, not thinking about what happened in 2017, we are treading in a new direction, a new direction, it's either you can make a lot of profit or loss whatever direction you are taking be sure to only invest what you can afford to lose, even if the market looks safe.

You are right, as we all know the crypto market always has sharp fluctuations!!and The best option is to invest the money we can afford, not all of the capital we have.
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February 07, 2021, 04:47:43 PM
 #52

Elon is a big help it pushes the price to $40k I'm sure many people profited on this level because the FOMO started when it broke the last all-time high, if you are a risk-taker you'll take this FOMO positively, not thinking about what happened in 2017, we are treading in a new direction, a new direction, it's either you can make a lot of profit or loss whatever direction you are taking be sure to only invest what you can afford to lose, even if the market looks safe.

Don't you think that Elon's role is overhyped? The prices are going up so fast because of fund inflows from the institutions. These institutional investors never make their decision based on a single tweet or news article. The possible trigger was the adoption by PayPal, which happened a few months back. Many of the institutions, who had adopted a "wait and watch" strategy have decided that time has arrived to make the moves.
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February 08, 2021, 12:24:48 AM
 #53

Elon is a big help it pushes the price to $40k I'm sure many people profited on this level because the FOMO started when it broke the last all-time high, if you are a risk-taker you'll take this FOMO positively, not thinking about what happened in 2017, we are treading in a new direction, a new direction, it's either you can make a lot of profit or loss whatever direction you are taking be sure to only invest what you can afford to lose, even if the market looks safe.

Don't you think that Elon's role is overhyped? The prices are going up so fast because of fund inflows from the institutions. These institutional investors never make their decision based on a single tweet or news article. The possible trigger was the adoption by PayPal, which happened a few months back. Many of the institutions, who had adopted a "wait and watch" strategy have decided that time has arrived to make the moves.
I'm not sure if the tweet coming from Elon is a big coincidence that causes the Bitcoin price to uplift but I was thinking also that Elon Musk is a market influencer. He can buy this hype actually, and these institutional investors also have contributed a lot to make this hypes seem reliable and working.

No, I don't see PayPal included this current hypes, it was done last year after PayPal announces its acceptance.  At this time, it is more on new companies adopting crypto.

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February 08, 2021, 04:50:22 PM
 #54

I'm not sure if the tweet coming from Elon is a big coincidence that causes the Bitcoin price to uplift but I was thinking also that Elon Musk is a market influencer. He can buy this hype actually, and these institutional investors also have contributed a lot to make this hypes seem reliable and working.

No, I don't see PayPal included this current hypes, it was done last year after PayPal announces its acceptance.  At this time, it is more on new companies adopting crypto.
Honestly Elons tweet definitely played a role, it is impossible to say he played %0 role in this increase we are having, but it is also impossible to say that bitcoin price did go up only because Elon said so neither, those are two very different things.

Moreover, we are not really doing that bad right now with everyone else going on as well, all those huge corporations, grayscales, microstrategies and many other places, they all get into bitcoin and unlike Elon they do not just say things, they actually put up a lot of money, tens of billions of dollars into bitcoin and that is why I think they are going to be even better, sure it may not be very quick all the time, it is stable for a long time and when they act it moves, so it is unpredictable but I still find those type of investments a lot more influential than what Elon tweets about.

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February 08, 2021, 08:32:10 PM
 #55

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
And just a few days later the price has surpassed 40k and it reached 44k and it seems this time it is going to be different and we can remain above this price and maybe even reach 50k during the next days and weeks, people need to let bitcoin work its magic, the higher the price goes the more difficult it is for it to keep rising but despite all of this bitcoin is once again defying all odds and it is growing up again, how high will it go this time? No one knows but we will find out if we give bitcoin enough time to answer that question.
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February 09, 2021, 03:57:45 AM
 #56

It looks like OP should change topic name to "When Bitcoin is going cross $50k again?". Because after Musk's investment announcement it seems that ATH above $50k is just a matter of hours ..  : Wink Cool

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February 09, 2021, 04:47:44 AM
 #57

its been only a week since btc starts malfunctioning and you are already worrying ? arent you get used to fluctuations . i think btc already have this condition right at the start .

when there is a pump not all people think it will continue and break another ath but there are people that are worried that btc will fall back again  . that was the only two scenario that can happen to btc it will either rise more  or it will fall down or fall down harder but the results now are on the positive side . happy now ?
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February 09, 2021, 04:59:59 AM
 #58

its been only a week since btc starts malfunctioning and you are already worrying ?
Bitcoin is working fine, its price is also more than find. Just because we don't see huge rises every single day that doesn't mean it is "malfunctioning".

when there is a pump not all people think it will continue and break another ath but there are people that are worried that btc will fall back again  . that was the only two scenario that can happen to btc it will either rise more  or it will fall down or fall down harder but the results now are on the positive side . happy now ?
First of all there is a huge difference between a "pump" and a "rise". Pump is what altcoins have not bitcoin.
Secondly that is not the only two scenarios. There are at least 10 of them. For example price could simply stay stable, or it could slowly rise up 0.01% per day.

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February 09, 2021, 05:07:07 AM
 #59

its been only a week since btc starts malfunctioning and you are already worrying ? arent you get used to fluctuations . i think btc already have this condition right at the start .

when there is a pump not all people think it will continue and break another ath but there are people that are worried that btc will fall back again  . that was the only two scenario that can happen to btc it will either rise more  or it will fall down or fall down harder but the results now are on the positive side . happy now ?

While the OP was worried at the time of his posting this thread, only more than a week from his post and we are experiencing the new ATH of btc at more than 47k level. The happenings in crypto are really quite fast. The news coming from Tesla buying $1.5B worth of bitcoin really boosts what is happening in the market. So now, we are heading to 50k and we are not yet at the end of the month.
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February 09, 2021, 01:38:54 PM
 #60

its been only a week since btc starts malfunctioning and you are already worrying ? arent you get used to fluctuations . i think btc already have this condition right at the start .

when there is a pump not all people think it will continue and break another ath but there are people that are worried that btc will fall back again  . that was the only two scenario that can happen to btc it will either rise more  or it will fall down or fall down harder but the results now are on the positive side . happy now ?

While the OP was worried at the time of his posting this thread, only more than a week from his post and we are experiencing the new ATH of btc at more than 47k level. The happenings in crypto are really quite fast. The news coming from Tesla buying $1.5B worth of bitcoin really boosts what is happening in the market. So now, we are heading to 50k and we are not yet at the end of the month.
It maybe OP wanted to edit it" When Bitcoin is going to cross $50k?" That seems so close right now and maybe we hit it by tomorrow, who knows?

Well, I don't need to make myself very excited, I was still mad about my situation. What was more exciting for me is to see more big companies will buy Bitcoin just like how Tesla did.

What we got now have something to tell everyone, we are very close to the huge crypto adoption as these leading companies accepting Bitcoin, the massive growth of gambling sites accepting crypto, it eventually says that we are near achieving to crypto vision.

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February 09, 2021, 02:44:47 PM
 #61

OP's concern not lasting, since $40k not any longer expectation but rather our present. Next milestone until BTC hit $50k, anyone easily got it if they plan to go long on Bitcoin. I'd imagine more big investors will buys Bitcoin which will virtually make the whole system worth more and will be crossing $50k

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February 09, 2021, 07:28:05 PM
 #62

its been only a week since btc starts malfunctioning and you are already worrying ? arent you get used to fluctuations . i think btc already have this condition right at the start .

when there is a pump not all people think it will continue and break another ath but there are people that are worried that btc will fall back again  . that was the only two scenario that can happen to btc it will either rise more  or it will fall down or fall down harder but the results now are on the positive side . happy now ?

While the OP was worried at the time of his posting this thread, only more than a week from his post and we are experiencing the new ATH of btc at more than 47k level. The happenings in crypto are really quite fast. The news coming from Tesla buying $1.5B worth of bitcoin really boosts what is happening in the market. So now, we are heading to 50k and we are not yet at the end of the month.
That very quick movements of bitcoin is the reason there are too many people who are worried about what is going on as well. I personally never get scared that it went low, and I never really got shocked when it went up neither, tomorrow we could be under 35k and I will be fine with that too. When you are trading, you should not be worried about daily movements that much since you should be acting too quick enough to not have any changes inside one trade, should there could be maybe 1-2% profit or 1-2% loss but that is about it on each trade, since you are a trader you should act quick and not get caught in these type of major movements.

If you are a long term investor, you could just put your money in and wait, wait when it is 29k, when it is 37k and wait when it is 47k as well, just keep on waiting until you do not want anymore and just want to cash out and say it is enough profit, until then just keep it in bitcoin no matter what price it becomes.

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February 10, 2021, 08:51:21 AM
 #63

OP's concern not lasting, since $40k not any longer expectation but rather our present. Next milestone until BTC hit $50k, anyone easily got it if they plan to go long on Bitcoin. I'd imagine more big investors will buys Bitcoin which will virtually make the whole system worth more and will be crossing $50k

I think this thread has already serve its purpose, I believe it should be lock now since bitcoin has already reach $40k, let's now go to the topic on the $50k speculation as that is probably the next movement of bitcoin.

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February 10, 2021, 11:06:24 AM
 #64

I think this thread has already serve its purpose, I believe it should be lock now since bitcoin has already reach $40k, let's now go to the topic on the $50k speculation as that is probably the next movement of bitcoin.

I fully agree with you! As no one has done it so far, I took the liberty of opening the $50k thread myself. Here you are:

https://bitcointalk.org/index.php?topic=5316134.0

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wxa7115
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February 10, 2021, 08:04:30 PM
 #65

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?

Bitcoin will cross $40k, no doubt about that. But I am afraid that will not happen too soon as we see the bitcoin moves after reach the highest price, the price is not moving back to the higher price but stay at a lower price. We still have time to see the price will increase, and I think that can happen this year or next month. We can not say that the price will go in that two directions in the upcoming weeks because we do not know what will happen later. We hope that our dream will come true to see the bitcoin price will be back to more than $40k.
And just like that just a few days later the market once again defies our expectations and surpassed that level with relatively ease, bitcoin is reaching the point in which it is impossible for us to predict it so you only have two choices to either remain invested in the market no matter what hoping that the price is going to go up, something that is incredibly likely taking into consideration all the fundamentals that are surrounding bitcoin at the moment, or to try to predict what the market is going to do and suffer the consequences if you are wrong.

I know this can be very discouraging for those that want to be traders maybe even boring for them as the only thing that they need to do to have profits is to hold their coins but if that's the case they can just keep holding their coins and do something else to get the excitement they are looking for.

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February 10, 2021, 11:54:46 PM
 #66

It's been weeks since there has been fluctuations in Bitcoin and everytime there is a pump we think it's going to break the ATH and cross $40k once again but it hardly reaches till $35k and then drops back. What does it mean? Will we see Bitcoin crossing $40k once again or not? It cannot stable between $25k to $35k and I think it's either going to drop below $30k or pump up and cross $40k in upcoming weeks. What's your though ?
oh yeah your prediction happened mate, bitcoin this week was over $ 40k ran to touch $ 47k, and now it's correction at $ 44k, i feel that $ 30k $ 25k will never happen again for Bitcoin price, considering many companies hold bitcoin in prices or above $ 35k - $ 40k, Microstrategy, Grayscale, and most recently Tesla buys a lot of bitcoins, of course this is the right time to buy some bitcoins for investment.

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February 11, 2021, 03:57:26 AM
 #67

It could be anytime since Bitcoin has been dropping its price since its new Ath this week. Who knows, maybe by next week it could be $40k again not unless some big investors are buying Bitcoin again with a huge lump sum of Bitcoin worth.
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February 11, 2021, 06:42:59 PM
 #68

It could be anytime since Bitcoin has been dropping its price since its new Ath this week. Who knows, maybe by next week it could be $40k again not unless some big investors are buying Bitcoin again with a huge lump sum of Bitcoin worth.
Well, there is always a reason to talk about the 40k mark as well for two reasons and they are quite good and important reasons as well. First of all we talked about will it go above 40k and now that we are above 40k we could talk about HOW it became over 40k again, that is a very important part of the discussion in crypto world, if you know how it went up then it means you could check for the same signs in the future to predict if it could go up again as well, think of it like a learning experience that could make you better at trading.

Secondly we could always go back down under 40k as well, this means the question of "will we be over 40k again?" will be valid again, if you do not want to talk about it right now since we are already 40k that is fine, but it should not be locked because it will be a valid question again in the future if it drops under 40k.

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February 11, 2021, 10:45:50 PM
 #69

It could be anytime since Bitcoin has been dropping its price since its new Ath this week. Who knows, maybe by next week it could be $40k again not unless some big investors are buying Bitcoin again with a huge lump sum of Bitcoin worth.

On that time of $40k per btc, take this as good timing that we can own another holdings to keep in our wallet. Because when time comes it rises back after correction, definitely you'll going to earn much higher profit. But it really needs to be done carefully, sometimes when you can't do it in correctly, failure would follow and everything becomes disappointing as you loss your funds.


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February 12, 2021, 12:54:52 PM
 #70

It could be anytime since Bitcoin has been dropping its price since its new Ath this week. Who knows, maybe by next week it could be $40k again not unless some big investors are buying Bitcoin again with a huge lump sum of Bitcoin worth.

On that time of $40k per btc, take this as good timing that we can own another holdings to keep in our wallet. Because when time comes it rises back after correction, definitely you'll going to earn much higher profit. But it really needs to be done carefully, sometimes when you can't do it in correctly, failure would follow and everything becomes disappointing as you loss your funds.

I'm looking for a correction like below $20k, I don't know if it will come because bitcoin seems heading to $50k already, but that's my target. What I'm talking here is a massive correction, like the opposite of a massive pump, what maybe you are trying to say is minor correction which what day traders are trying to spot to rise for the bounce back of bitcoin.

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February 13, 2021, 12:48:28 AM
 #71

It could be anytime since Bitcoin has been dropping its price since its new Ath this week. Who knows, maybe by next week it could be $40k again not unless some big investors are buying Bitcoin again with a huge lump sum of Bitcoin worth.

On that time of $40k per btc, take this as good timing that we can own another holdings to keep in our wallet. Because when time comes it rises back after correction, definitely you'll going to earn much higher profit. But it really needs to be done carefully, sometimes when you can't do it in correctly, failure would follow and everything becomes disappointing as you loss your funds.

I'm looking for a correction like below $20k, I don't know if it will come because bitcoin seems heading to $50k already, but that's my target. What I'm talking here is a massive correction, like the opposite of a massive pump, what maybe you are trying to say is minor correction which what day traders are trying to spot to rise for the bounce back of bitcoin.

Unlikely though, unless we have some negative news, worst than the covid-19 than can pull the price to 60% again. And to add to that, we are in a super fast bull run, so again, a flash crash is slim. I think the closest we got is around $28k from as high as $40k.

And if you look at the price today, $50k is the next obvious target by traders. Anyhow, good luck to your target entry of below $20k. Any plans though if the price is not hit least say in the next month or two?

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February 13, 2021, 01:52:49 PM
 #72

OP's concern not lasting, since $40k not any longer expectation but rather our present. Next milestone until BTC hit $50k, anyone easily got it if they plan to go long on Bitcoin. I'd imagine more big investors will buys Bitcoin which will virtually make the whole system worth more and will be crossing $50k

Not just individual investors but there are a lot of companies eyeing to invest in bitcoin. I don't know if Tesla's 1.5 Billion investment is true, still no reliable source for this information and while others said they already did, some say that it is still not happening. Don't know who to believe now.

Right now, the price is at $47K and it seems that the resistance to $50K might be bigger than we thought still, with new investors, that would be easily broken. I think this week, it will be a new ATH at $50K.

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February 13, 2021, 09:06:24 PM
 #73

Unlikely though, unless we have some negative news, worst than the covid-19 than can pull the price to 60% again. And to add to that, we are in a super fast bull run, so again, a flash crash is slim. I think the closest we got is around $28k from as high as $40k.

And if you look at the price today, $50k is the next obvious target by traders. Anyhow, good luck to your target entry of below $20k. Any plans though if the price is not hit least say in the next month or two?
There is nothing impossible for bitcoin, it could literally go to any price and I wouldn't be shocked, that includes 5k or 150k and both of them are definitely in the play for me. But, I agree that the lowest we could probably go right now is 28k+ price point, at around those levels we have a huge wall building and it keeps getting bigger and bigger and in order to go below that we need a lot of people or even maybe huge corporations selling bitcoin to go under it, and looking at how huge corporations that buy bitcoin do not sell that quickly and hold for years (they do that with stocks) that means we are probably not going to see under 28k, is it impossible to go under?

It is not, is it probable that we will go under? It is definitely not. That is why I am feeling fine because it is very difficult that we go under too much and there is a good chance we could recover from that fall even if it happens.

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February 14, 2021, 05:24:26 PM
 #74

its been only a week since btc starts malfunctioning and you are already worrying ? arent you get used to fluctuations . i think btc already have this condition right at the start .

when there is a pump not all people think it will continue and break another ath but there are people that are worried that btc will fall back again  . that was the only two scenario that can happen to btc it will either rise more  or it will fall down or fall down harder but the results now are on the positive side . happy now ?
Some people are just that inpatient, I understand that the movements of bitcoin can be very erratic and that can make people very nervous about what it is going to happen next, but people that have been in the market for a long time simply accept this is the nature of bitcoin and I will gladly accept a very volatile and unpredictable asset as long as it moved upwards the majority of the time than an asset that was less volatile but that went down in value more frequently, this is why when it comes to bitcoin having a long term perspective really helps you to protect your capital.
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