[POLL] Will Bitcoin dip below $40K?

[OgNasty]

There seems to be good buying demand below $41K, but the market keeps wanting to drift lower.  I'm wondering what the market sentiment is on these boards as we appear to be fighting the upwards trend line and heading into a bear market.  What do you think?

Will Bitcoin dip below $40K? (for at least 24 hours)

Yes or No?

Go ahead and vote for Miss Cleo if you don't have a strong opinion either way but still want to see the results.  Consider it the unsure option.

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[AmoreJaz]

yes, just for the sake of checking the sentiments from people here .

i believe we will hit below 40k but it will bounce back. anyone can give their own predictions on this market. so there's no right or wrong answer here. and even if it will dip below 40k, still it is still way above the price level of btc just before the pandemic.

[pinggoki]

yes, just for the sake of checking the sentiments from people here .

i believe we will hit below 40k but it will bounce back. anyone can give their own predictions on this market. so there's no right or wrong answer here. and even if it will dip below 40k, still it is still way above the price level of btc just before the pandemic.

I do hope that you're right because that way, we can filter out whether we're going to see a lot of people back out, and I really want it to go down because I have some spare USD in my account that I can use to buy bitcoin and hopefully at a discount price because I want to get as much profit as possible.

[adaseb]

I don’t think $40K is really significant. A better figure would be breaking $30K or at least last years low or breaking $20k which is obviously the old ATH.

Right now people are very bearish so you might be right and $40K might not actually break. However going by the trend it looks like it’s very bearish and there is no reversal signs yet. So we obviously might break $40K before bottoming and heading higher.

[Tytanowy Janusz]

i believe we will hit below 40k but it will bounce back.

I agree with this. RSI is oversold, Fear/greed index starts to looks like during july 2021 dump (right before 29-69k pump) means there is not much more to go in sounth direction. We may see final flush after (if) breaking 40k but I dont see an option that it will not be bought and drive above 50k to kill shorts, humiliate panic sellers and chill indicators before next bearish attack (if we will see another one).

[TheGreatPython]

There seems to be good buying demand below $41K, but the market keeps wanting to drift lower.  I'm wondering what the market sentiment is on these boards as we appear to be fighting the upwards trend line and heading into a bear market.

Yeah, $40k to $41k must be a very good psychological support level which will hold strongly among whales manipulations. I have seen such similar market situations in last six years and all those times, external news triggers decide the direction rather than market technical.

Will Bitcoin dip below $40K? (for at least 24 hours)

This is the power of psychological things over manipulators. I believe the bottom of 2022 would be around $39k which may happen only for few hours to grab.

[TravelMug]

I voted for yes, may reasoning is that we are really in a bear market.

And we all know that the price will really crash during this time and we are almost in the brink of ~$40k. Of course, I don't want the price to go below $40k, but it might be inevitable as the market works in cycle and maybe we are in the new one (bear) so just prepare for the worst and if you have some money ready, then you can buy at this dip.

[buwaytress]

The answer is yes, if there's no limit to the timeframe, but I'm assuming we're talking about the foreseeable few weeks, in which case I think 40k will be tested, broken, but not for a full 24 hours -- resulting in what I hope will be a significant bounce that carries off with momentum into another test of $50k.

That's my optimism at work, though. Miss Cleo's otherwise where my money should be at.

[davis196]

Yes,the price will go below 40K USD.
The sellers will keep selling,while the buyers will keep waiting for a lower price.
There are no bullish news and more FUD news are flooding the mainstream media recently.
The global financial markets will be going down,due to the Omicron hysteria and the high energy prices in Europe and Asia.
I hear rumors that the Delta and Omicron waves will merge into a Deltacron wave.The mainstream media and the governments will keep spreading more panic and hysteria.
The Bitcoin price will start growing after the covid panic is over and after the majority of the crypto traders finally start buying the dip. 

[michellee]

We will see bitcoin to go $40k but to be below $40k in at least 24 hours, I am not sure because so far, the price is still strong at $41k, although if there is bad news coming in the next few hours, can impact the price to go down. We do not want the price to go down below $40k but if that happens, we can not do anything except try to buy as many as we can. Hopefully, after the price reach below $40k will bounce to above $40k and still increase so there will be a golden moment for us to buy at the lowest price as that time will not come for some time. But we'll see it later.

[BitcoinBarrel]

Yes we will drop to the median after the latest candlestick bull run, but of course will return to a new ATM in the next year or two.

[aoluain]

The sentiment I am getting from the community here is that there is not much optimism,
its almost like everyone^! is expecting a sub $40k dip, I voted YES purely based on
the above and because I expect it to happen.

...as to what happens after that event is another question?

[cryptomaniac_xxx]

The sentiment I am getting from the community here is that there is not much optimism,
its almost like everyone^! is expecting a sub $40k dip, I voted YES purely based on
the above and because I expect it to happen.

And maybe the community is right as well (again?) in analyzing how the market will move for this year so it might be a bear market (and that's what I voted too).

...as to what happens after that event is another question?

I guess it's not the magic number for now, it we go to $20k-$30k is the real test how resilient the market is going to be because it's going to be very tough to see the price reverting back to that levels and that will be -50% higher than the last all time high.

[suzanne5223]

I always advise people to ride with whatever momentum the market presented because we're the season where did hard to tell what the market next trend will be.
Will Bitcoin dip below $40K? (for at least 24 hours)?
Yes but only if the Bitcoin market replicates the previous market huge correction we always see after the ATH price market.

[sana54210]

There seems to be good buying demand below $41K, but the market keeps wanting to drift lower.  I'm wondering what the market sentiment is on these boards as we appear to be fighting the upwards trend line and heading into a bear market.  What do you think?

Will Bitcoin dip below $40K? (for at least 24 hours)

40k is not that far away right now, dropping under it wouldn't be that shocking. I considered 30k honestly, would it go under 30k? That seems like a bigger question in my mind because we can go under 40k and still not be too low, be 39k and that is nearly same as right now so there is no problem with that.

However, reality is that 30k is a lot different, if we are at 29k or so then we are looking at something that is a lot more dangerous and recovering could take some more time. Obviously it may also not mean anything, either of them, we could drop under 40k and be 60k+ in a month, same goes for under 30k as well which we already did last year. Which is why we could feel comfortable no matter what happens, knowing that it has the capability of recovering.

[hello_good_sir]

Yes in my opinion.

Historically bitcoin bear markets have seen drawdowns of 60-70% from the peak of the market cycle, so right now I think that there is still some way to go.

It would be very wise, however, for anyone looking to get into crypto for the long run to get in at a price below $40k. You have very little downside but tons of upside potential, and the next halving cycle is just 4 years away.

[Oasisman]

Not in 24 hrs maybe, but it will eventually dip below 40k.
Just like you said, there is a huge buying demand below that number.
If we have entered the bear market, $30k might be the bottom price, but a 40k buy is gonna be a good price to start with.
In the next coming years, Bitcoin would most likely to hit the 6 digit figure, and that will be a very good return for those who buy at this current Btc price.

[sheenshane]

The thread was created 2 days ago and it said, Bitcoin will go down after 24 hours but yet, it didn't happen.

Sad to say most of them voted yes, it seems they don't have faith in Bitcoin price that will spike this month presumably.
I voted NO, even though we know that the price is unpredictable but I don't see any sign that Bitcoin will go down and consider a dip situation.  I have a fundamental analysis and it seems it's a positive one and I think Bitcoin price within this month will resist and create a short bull run.

[jossiel]

Luckily, it didn't dip below $40k.

That only shows that we've got the support.

But if we're not going to time it and put a limit on it, very likely that we might see it go below $40k. It's only a matter of time and if it won't be recovering back to $43k since it hasn't broken that wall there.

We might see it below $40k.

[EdenHazard]

The sentiment I am getting from the community here is that there is not much optimism,
its almost like everyone^! is expecting a sub $40k dip, I voted YES purely based on
the above and because I expect it to happen.

...as to what happens after that event is another question?

mm hmmm ...

i was thinking that how people get tired looking at the crypto market that thesedays seems not really as interesting as few months ago.
stuck with no further progress, no breakthrough ... just a plain market and at the same time people heard about how the traditional stocks trading getting zippy , so yeah we are eliminating fake crypto enthusiast which its good.
they are back to where they belong and we might will have a healthy market after this waves.
$40k or even harder lower! of course.