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Author Topic: When Bitcoin is going cross $40k again?  (Read 426 times)
Natalim
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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?

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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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