Bitcoin price is returning to $40K — But will shorts have their revenge?

[LogitechMouse]

The first resistance is the $40,000 price since Bitcoin went sideways at around $30,000-$40,000 price range.
Now that it's already broken, I think that the bulls have in control again .

We are still in the bull market still so I don't know why in the hell investors are taking a huge risk by shorting the market. They thought that it might go down even further?? It might be but it seems like those who shorted the market are in a lost right now because the price of Bitcoin is going upwards.

On the other hand, there is still a chance that it might go back down below the $40,000 price range though since it is now the new support at least for now.

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[Hypnosis00]

The price of bitcoin has risen so much that even if the shorts take their revenge, they will not be able to survive in many aspects. That's why traders should invest and hold on to bitcoin they are worrying the bosses by spreading shorts and these false rumors it is not possible to move forward in the crypto market without taking risks. Therefore it is necessary to wait for a long period of time only the time constraint the price will go up again.

If you have patience, holding will actually work on you. Just think about it like if we buy Bitcoin when it drops $29k and is still able to hold it until today, we already get some profit. But this not actually happening around, more people did the selling before it finally spikes at $41k. But feels no confident that it even move higher reaching back $60k and thinking about buying at today's price wouldn't be a good idea after hearing the fake news in regards to amazon accepting Bitcoin.

[AliMan]

The price of bitcoin has risen so much that even if the shorts take their revenge, they will not be able to survive in many aspects. That's why traders should invest and hold on to bitcoin they are worrying the bosses by spreading shorts and these false rumors it is not possible to move forward in the crypto market without taking risks. Therefore it is necessary to wait for a long period of time only the time constraint the price will go up again.

This is the common upbringing that I heard from different discussions, but I don't think everybody could follow that idea of long term holding. Situations won't remain stable, you may find it difficult when fluctuations was very unpredictable. Even if btc returns to $40k, it's not really the big deal as long as it recovers too fast. But if bear market continues to trigger crashes, $38k downwards will still going to happen unexpectedly.

[skarais]

On the other hand, there is still a chance that it might go back down below the $40,000 price range though since it is now the new support at least for now.

It is always possible to see price go up and down due to supply and demand. At the moment I think it's still very possible to see higher upside potential once the trend starts to turn positive. $45K is a very likely resistance position to break in August and hopefully this positive trend will last throughout August. The next ATH is a hard thing to achieve if market sentiment continues to influence it. But if the price can break through $45K - $50K then the expectation will appear.

[gabbie2010]

I don't think that the shorters will have their way anytime soon because I feel like they're going to have to wait for awhile because the rumor about Amazon was already cleared but the prices are still able to make some movement so I think that they have to wait for some time.

Any trader trying to short Bitcoin at this point in time is ready to rekt their account, a close observation of the price in the last couples of days indicates a massive bullish trend and some couples of maraboza candles with reference to daily timeframe these are signals that bulls has already taken over the market breaking all the strong resistance,  I believe the price is moving to the next minor resistance at $50K the available option now is to long at every minor dip or support zones and accumulate,  its obvious that the market sentiment has already changed after we had ensured a bearish season that started since mid May this year.

[Jating]

I don't think that the shorters will have their way anytime soon because I feel like they're going to have to wait for awhile because the rumor about Amazon was already cleared but the prices are still able to make some movement so I think that they have to wait for some time.

Any trader trying to short Bitcoin at this point in time is ready to rekt their account, a close observation of the price in the last couples of days indicates a massive bullish trend and some couples of maraboza candles with reference to daily timeframe these are signals that bulls has already taken over the market breaking all the strong resistance,  I believe the price is moving to the next minor resistance at $50K the available option now is to long at every minor dip or support zones and accumulate,  its obvious that the market sentiment has already changed after we had ensured a bearish season that started since mid May this year.

Yes, they are going to get rekt once the $40k resistance is broken as we are in the half way of maybe another bull run starting August. Well, they have their time shorting bitcoin for at least 2 months and squeezing profits like every other day. But this time the price movement is different and they are going to rethink about their strategy because bulls are coming very hard next month. Next minor resistance is about $43k$45k and then major resistance next is the next whole number which is $50k.

[Woodie]

We are already over $40000 and If price doesn't go for the $45k anytime soon,, we should expect a drop in momentum and price could drop to k38 which is an area that seems to have the bears, we should avoid this because we could go back to $30k.
The bulls are around the $45k area and once price gets there a new ATH for the month is to be expected as price will continue being bullish.

[ipanks]

We are already over $40000 and If price doesn't go for the $45k anytime soon,, we should expect a drop in momentum and price could drop to k38 which is an area that seems to have the bears, we should avoid this because we could go back to $30k.
The bulls are around the $45k area and once price gets there a new ATH for the month is to be expected as price will continue being bullish.

The price now is down to $38k. I wonder this could continue to the lower price or not because the downtrend is coming again.

It seems we need to have more patience to see bitcoin reach $45k as if the bear comes again this time, and we can not do anything except just follow the trend and buy back at a lower price. But in the long-term, I still believe that bitcoin will be back to $40k and even it will break $45k where the supports stay. So we need to prepare for the worst scenario that can happen to bitcoin.

[acener]

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

[ipanks]

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

Hopefully, that can happen this week or next week. But it is not easy to predict when the price will increase as we can only speculate the timing without knowing the truth. The price now is at $37k but there is a sign for the price to go down as the price is reduced slowly to the low price. Hopefully, the price will not go below $37k and only stay at the current price.

[cryptomaniac_xxx]

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

It's going to be a hard grind and wild ride for this month. Although it went down again to $38k suddenly in the last 4 hours, but I think we are still good and on track to bounce back again maybe in the next 2 weeks of August. That is just the pattern here, we will go up and then some corrections, and eventually back bounce, even higher than the previous one. Don't you worry, the fundamentals of bitcoin is still strong so I doubt that we will remain in the $40k'ish at the end of the year.

[Boov]

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

We can't stay on that certain price level mate, fluctuations will always make it crash with minimal percentage. Many positive thoughts now started raging at several discussion, particular with social media topics.
Don't expect price to surpass $40k or beyond, you might be frustrated if it won't happen quickly. Just stay at minimum level of expectations, because its so unpredictable now.

[Bustart]

~snip~

that sign won't make it go down further, we are currently at the stage of $38k+, and right now it's starting to move in an upward trend again, I just thought it's aiming for $50k in the near term.

Recently the price goes at $40k as of this time, and those aims you had right now has the possibility of a fulfillment that's going to be most exciting. Nobody can predict what date $50k will have to take place soon, but someday we should be grateful for every efforts we had for two months of waiting. Hopefully not just btc soars, but also following alts will have good season too.

[ipanks]

Bitcoin already reach $40K again and I hope that when it comes up to that area again it would stay for good.
We are now at $38K I hope that it would soon climb higher and stay above $40K mark.
We are already couple of months away before this year ends and I hope that the price wouldn't be below $40K when this year ends.

Hopefully, that can happen this week or next week. But it is not easy to predict when the price will increase as we can only speculate the timing without knowing the truth. The price now is at $37k but there is a sign for the price to go down as the price is reduced slowly to the low price. Hopefully, the price will not go below $37k and only stay at the current price.

that sign won't make it go down further, we are currently at the stage of $38k+, and right now it's starting to move in an upward trend again, I just thought it's aiming for $50k in the near term.

I am glad to see the price get the pump to $40,500-$40,600 right now because that means that the bitcoin price will have a chance to break $41,000 soon, which is almost closest to that price. $50,000 will be the next high target price for bitcoin but meanwhile, we can hope that the price can still increase and reach $45,000 because $45,000 will be hard to reach. If there is a good news release and people back to invest in bitcoin, that will surely lift the price and that will not take too long to see the price start increase.

[zanezane]

The price of bitcoin has risen so much that even if the shorts take their revenge, they will not be able to survive in many aspects. That's why traders should invest and hold on to bitcoin they are worrying the bosses by spreading shorts and these false rumors it is not possible to move forward in the crypto market without taking risks. Therefore it is necessary to wait for a long period of time only the time constraint the price will go up again.

It's only a matter of timing for them, corrections happen and they can still make money out of all of this rise in prices plus it's not like the prices are going to be going up forever, that would be a fictional thing but a dream nonetheless for many of us in this forum and even the whole market, it only takes one bad day for market or one bad news for bitcoin for the shorting to be a profitable endeavor.

[LUCKMCFLY]

The risk for the shorts to come is latent, but yesterday many fell into a panic when they saw the price again for $ 37k, many even sold because they thought it would return to the levels of $ 30k, but it should be noted that the bulls waited for the best moment to push the price to $ 40k, I think that for now the price can reach $ 42k, many are waiting, short-term analysis shows the following:

Large volumes of purchases quickly returned the pair above the average price level, and at the end of the day, the asset price exceeded $40,000.

Source: https://u.today/btc-eth-and-ada-price-analysis-for-august-6

The probability that it reaches $ 42k and exceeds are greater than those of seeing a "Short", maybe this weekend we can see a bullish surprise, maybe $ 45k ...

[hatshepsut93]

I would be cautious about being hyperbullish now, because it seems that this bull run lacks the narrative to support the further gains. In the beginning it all start with institutional FOMO due to their fear of inflation, but now there's no big institutional attention at all, the inflation concerns have lessened when the US announced they will take measures against it, and now the US also seeks to impose more regulations on crypto industry, which is not at all a bullish thing. There is no big narrative behind this bull run, and the last time a bull run lost its narrative we've seen a drop from $64.5k.

[LUCKMCFLY]

The price of BTC has been very bullish, less than a week ago they were talking that the price could reach $ 42k, now that it is around $ 45k they are talking that it is likely that it can touch $ 45-$46k again, but as You can see the price I think on a personal level that can reach $50k again, however the short-term analysis of cointelegrpah shows this:

A break above $51,500 could clear the path for a rally to $60,000.

This bullish move will invalidate in the short term if the price turns down and breaks below the breakout level at $42,451.67

Source: https://cointelegraph.com/news/price-analysis-8-9-btc-eth-bnb-ada-xrp-doge-dot-uni-bch-link

Although it is in the possibilities that it can enter "short" I see with a better probability that the next movements of BTC will be bullish, in the short term it is more optimistic than ever.

[Justin Beiiberr]

After a few days yesterday bitcoin fell and the correction might now drop again to the price of 40k USD maybe this will be a tough wait for everyone if it does happen, besides bitcoin doesn't seem to be a safe area for that time .. and it's getting worse. be strong with some bad news yesterday .

[peter0425]

once again return to 40k 

look at the market and how the fall happens again after expecting another run is on the way

https://coinmarketcap.com/currencies/bitcoin/

After a few days yesterday bitcoin fell and the correction might now drop again to the price of 40k USD maybe this will be a tough wait for everyone if it does happen, besides bitcoin doesn't seem to be a safe area for that time .. and it's getting worse. be strong with some bad news yesterday .

Don't you worry mate because we are never get tired of waiting, we have been here for year and waiting is the game if you are investing in top ranked coin like Bitcoin.