At last at last, bitcoin increase more than $41,000

[Furious 7]

When the price was under $30k a lot of speculation believed that bitcoin would drop to $20k, this made me panic and sell when the price was $29k, of course this was my fault for panicking, when I saw the price a few days ago could reach $41k it make me optimistic to buy and hold at least until December.

I'm sorry to hear that you panic and sold when the price hits lowest low of $29k. Anyhow this is a good lessons for everyone not to panic. I know it's hard to control our emotions, but in bitcoin investments, you need a diamond hand, just saying.

For the current price dump, I believed that this could be the last time that we are going to see it dip below $40k. I'm expecting that in the next coming months, it will bounce back and make a recovery again and then the last leg up, the last quarter will be an interesting ride to a new all time high.

That's not to be affected by the bad speculations that are thrown and indeed it is to spread FUD so that they panic and sell at the lowest point even though that is they buy as much as possible and bitcoin will definitely rise again, I think your hand is still not strong enough to hold bitcoin with a long time and this is indeed your future experience.

I think we will know how the journey of bitcoin this year is definitely much different than before and this increase will create a new boom after several institutions will adopt again, so I conclude bitcoin growth will definitely be faster.
The final quarter is well worth the wait.

[Golftech]

When the price was under $30k a lot of speculation believed that bitcoin would drop to $20k, this made me panic and sell when the price was $29k, of course this was my fault for panicking, when I saw the price a few days ago could reach $41k it make me optimistic to buy and hold at least until December.

Make sure to follow your target, if you set it till december best to close your wallet till then and if possible not to keep looking

inside the market, it will help you to avoid making same mistake again if something happened and the value of bitcoin went

down, there are cycles that you need to expect and by not looking inside your portfolio will save you not to overreact with

the market movements.

[rhodelmabanal]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

We have a big chance to reach 50k$ market turns to green again and I believe that very soon Bitcoin will be having a new ATH. Price is based on the market supply and demand and I see demand is now more higher because Bitcoin is now global trend so as expected Bitcoin will maybe reach not only 50k$ but also 100k before this year end.

[Tellek Garing]

We have a big chance to reach 50k$ market turns to green again and I believe that very soon Bitcoin will be having a new ATH. Price is based on the market supply and demand and I see demand is now more higher because Bitcoin is now global trend so as expected Bitcoin will maybe reach not only 50k$ but also 100k before this year end.

It will be very good to see all time high to be very soon, bitcoin price can surprise someone, it rose more than $10000 in just few days, it was nice to see that, I do not know if we will see the all time high soon, but it is coming one day, we should hold, if the all time high is not now, we will still achieve bull run.

[traderethereum]

We have a big chance to reach 50k$ market turns to green again and I believe that very soon Bitcoin will be having a new ATH. Price is based on the market supply and demand and I see demand is now more higher because Bitcoin is now global trend so as expected Bitcoin will maybe reach not only 50k$ but also 100k before this year end.

It will be very good to see all time high to be very soon, bitcoin price can surprise someone, it rose more than $10000 in just few days, it was nice to see that, I do not know if we will see the all time high soon, but it is coming one day, we should hold, if the all time high is not now, we will still achieve bull run.

Maybe that will not happen soon since the price does not increase and break $40k from these days.
But for the long term, I believe that will happen, especially this year as this year gives more support from people who want to invest in bitcoin.
I am sure the bull run will come, although we do not know the right time for that but if the price can lift to $60k in the next month or before the end of this year, the price can have more chances to increase so high in the next year.
But if that does not happen, we need to have more patience but that time will come to us.

[LUCKMCFLY]

Although the BTC is below $40k, it is oscillating around $ 39.1k, but there is an article that catches my attention, because they speak of a possible pattern that can be repeated, since it was presented some time ago:

As the above graph displays, the Bitcoin 20 and 50 DMA indicators are having a crossover right now where the 20 DMA curve seems to be shooting above the 50 DMA.

The last time this type of crossover happened was in October 2020, right before the massive bull run where BTC set a new all-time-high (ATH).

However, these two crossovers aren’t the only ones on the graph. There is another, different type of crossover where the 50 DMA line flies above the 20 DMA curve. This one occurred in May, right at the top of the rally.

Source: https://www.newsbtc.com/news/bitcoin/bullish-bitcoin-crossover-attention/

If these technical fundamentals are met and carried out, it is likely that a big bullish rally could take place, I know that in speculative markets sometimes certain patterns tend to creep, what happens is that we are living in a pandemic situation, which is to Globally, the circumstances for that moment where BTC rose are very different from now.

[Koro-Sensei]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

Yeah bullishness in Bitcoin still isn't done yet. It is expected to be 50K up again by the end of year or so and most probably could hit another ATH next year. All we need is news from institutions who adopt and invest in and stop listening to manipulation of these big names. Another thing is that investors from stocks could possibly be jumping in to crypto during this post pandemic.

[rahmatrf331]

The price did increase amazingly, but what's happening on recent market today has gone towards downtrend.
This was projected last week if we won't sustain until $45k it would go back below $40k down to $30k before we will experience another ATH going back to $50k or higher.
Many people hope for better on btc, so another projections for next week that recovery will be happening. Let's wait on that situation and that's sounds exciting for all of us.

Another good news, and we will see bitcoin rising again. So for those believers, better buy while you can. Because once it starts to rally again, you will regret saying you should have bought. But right now, it is showing that the support above 30k is quite strong because few weeks ago, a lot are predicting that btc will go down to even 20k. But the opposite happens.

bitcoin has a lot of support lately as seen on the web: https://www.buybitcoinworldwide.com/treasuries/
there you can follow the latest bitcoin developments. So we're getting ready to hit the pump button, maybe breaking above $45,000 this week.

[Botnake]

The price did increase amazingly, but what's happening on recent market today has gone towards downtrend.
This was projected last week if we won't sustain until $45k it would go back below $40k down to $30k before we will experience another ATH going back to $50k or higher.
Many people hope for better on btc, so another projections for next week that recovery will be happening. Let's wait on that situation and that's sounds exciting for all of us.

Another good news, and we will see bitcoin rising again. So for those believers, better buy while you can. Because once it starts to rally again, you will regret saying you should have bought. But right now, it is showing that the support above 30k is quite strong because few weeks ago, a lot are predicting that btc will go down to even 20k. But the opposite happens.

bitcoin has a lot of support lately as seen on the web: https://www.buybitcoinworldwide.com/treasuries/
there you can follow the latest bitcoin developments. So we're getting ready to hit the pump button, maybe breaking above $45,000 this week.

That's too optimistic, but I don't really think it will happen since bitcoin has not hit $45k for more than 2 months already, if that is good news, then we had already seen a good pump that will make bitcoin break the big walls. Look at bitcoin now, it still struggles to stay at $40k.

[zanezane]

~

Unless you are trading day to day, better to care less about bitcoin price volatility and think about holding for long term. After a certain gain, traders will certainly start selling to take profit then once the price drops they will buy again and so on. Until the price rise back to +$65k, volatility doesn't worry me a lot.

That's what I do too although, I still feel like I don't have enough bitcoin in my portfolio yet so I hope that I will be able to buy some more before it goes back to 65k and beyond because I really want to get juicy profits out of my hodling you know, don't want to waste my time and patience just to get a meager amount.

[leea-1334]

I wish people would stop celebrating every time we reach this type of psychological milestone Because see here again we have to now fight before Friday/weekend to get back above $40k,,, which I am sure will happen but every time there is too much optimistic speculators the price seems to weaken;)

By the way,,, OP your username means something very nasty in a language I know a little bit of. Is this not against forum rules?

[Kusman]

You will continue to be happy even more when you see that the price has started to climb again. It was taking a break for some days. But it seems like this has already changed. Now, we see it around $41k again. This could mean that the price could reach even a bigger level than $42k in a short time. And it wouldn't be very hard to see $50k soon also.

[STT]

Good bounce from an old negative trend, the only small worrying sign is that it did go slightly lower in this move then the last recent low.   It could be nothing I'm not quite sure yet, it has exceeded the weekly average now and would appear to be targeting the 200 day average for a final destination to this particular move.   After that we will resolve on a larger time frame I guess.

[Hippocrypto]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

Being happy is a human instinct, but we should be in control while our deepest emotions will be affected by this brilliant progress that we've experienced lately. On that side of $50k predictions, I must be careful on that scenario because we're too excited while it's not yet happening.

This month $40k still be our good target, because fluctuations remains so volatile and unpredictable which drastically made btc price crash sometimes down to $37k.

[CaVO32]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

Being happy is a human instinct, but we should be in control while our deepest emotions will be affected by this brilliant progress that we've experienced lately. On that side of $50k predictions, I must be careful on that scenario because we're too excited while it's not yet happening.

This month $40k still be our good target, because fluctuations remains so volatile and unpredictable which drastically made btc price crash sometimes down to $37k.

We are happy when we see positive things happening around us, so yeah, I guess everyone is happy when the btc market is going up again. With this in mind, we need to make a plan how to take advantage of the market. If there will be small dips, that's opportunity to collect more satoshis, because once it is up again, would be hard to spend money. I believe, with good news from other countries accepting btc in their financial system, it may boost again the crypto market.

[Dave1]

I was very happy yesterday when I saw the price of bitcoin to reach $40,000, I check the market after I woke up today to still still the price to remain at $41,000./I was very happy to see that, it is that bitcoin price will not fall back below $40,000. It take time before bitcoin get to over $40,000 because it was fluctuating between $$38,000 and $40,000 bit the price is now over $40,000, we are expecting $50,000 next.

Being happy is a human instinct, but we should be in control while our deepest emotions will be affected by this brilliant progress that we've experienced lately. On that side of $50k predictions, I must be careful on that scenario because we're too excited while it's not yet happening.

This month $40k still be our good target, because fluctuations remains so volatile and unpredictable which drastically made btc price crash sometimes down to $37k.

We are back to $40k in the last 24 hours, so that's a positive indication that we might see $42k again and sustain that price and the next target is $45k. There seems to be a lot of positive sentiments again that's why the price seems to spike. Of course we will take it one day at a time and doesn't want to see a super bullish run to $50k at it might be just artificial pump and could be a bull trap. So let's see how it pan out this month, whether we stay above $40k or go for $50k.

[lenovop-70]

After last week Bitcoin bearish candle, now its just back to trading line in $40k, i hope it will rise more to $42k support and continue run to $50k.
As we see theres some bullish news released and it is will make the green candle in next 2 or 3 days. I am thinking positively that Bitcoin will go up and we will have $100k at this end of year.

[leea-1334]

Good bounce from an old negative trend, the only small worrying sign is that it did go slightly lower in this move then the last recent low.   It could be nothing I'm not quite sure yet, it has exceeded the weekly average now and would appear to be targeting the 200 day average for a final destination to this particular move.   After that we will resolve on a larger time frame I guess.

Also I think positive to see is that the 40k mark is not as difficult to hold as before, though the fact also it has not held over 24 hours in this current one will make the bears think they can keep tearing down the price hold. I think very important today is how US people will react when the market opens and that will determine the Monday sentiment on where to go from here.

[marine4u]

Good bounce from an old negative trend, the only small worrying sign is that it did go slightly lower in this move then the last recent low.   It could be nothing I'm not quite sure yet, it has exceeded the weekly average now and would appear to be targeting the 200 day average for a final destination to this particular move.   After that we will resolve on a larger time frame I guess.

Yes, I believe this is a bullish architecture for bitcoin, yesterday's market behavior showed a rapid transition with green lights on short wick at $37318. I just heard a news that Taproot can be activated right this November. So with this transition I think we have reason to believe that the marathon cycle has begun.

[imstillthebest]

who wouldnt be happy to this rise ? if your not involved in btc maybe but for the people that invest at lower values this can make them profit a little .
i think it can still go down under $40k and it would be hard for btc to pass $41k and above according to my own observation but this price isnt that bad and we can still make a short profits during this phase .