[POLL] Will Bitcoin dip below $40K?

[OgNasty]

Seems like the market is fighting to keep it's head above water.  The $40K line appears to be holding fairly well.  We even seem to be in a consolidation phase now, which in the past has meant that an upward move is in the cards soon.  I think every day we stay above $40K, the odds of it falling lower are reduced.  At least until the mtgox coins hit the market and/or the ETH 2.0 upgrade unleashes billions of dollars in staked ETH back onto the market.  I find it a little hard to believe those events won't cause a massive reduction in market price of the entire crypto market, but we'll see.  Maybe spot ETFs will be approved in the US around that time to help suck up the excess liquidity.

[Ozero]

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.

If Bitcoin were to fall below $40,000, it would have happened in the first month of such a fall, in November or even December of last year. Bitcoin has already firmly fixed in price at the level of 41-43 thousand dollars, and its fall below 40,000 dollars seems unlikely to me. I think that after a certain time, maybe a few months, we will again see a good price increase in this market.

[Oilacris]

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.

If Bitcoin were to fall below $40,000, it would have happened in the first month of such a fall, in November or even December of last year. Bitcoin has already firmly fixed in price at the level of 41-43 thousand dollars, and its fall below 40,000 dollars seems unlikely to me. I think that after a certain time, maybe a few months, we will again see a good price increase in this market.

Bitcoin did go below $40k ten days ago and bounced back, I think bitcoin might go below $40k again but what really matters is how long will bitcoin stay below $40k, because if bitcoin stay below that for over a week then it's definitely not a good sign. We all are aware that the last ATH was not the best bitcoin could achieve as it will eventually cross $100,000 as well but everything depends on the timing when it would happen as users are so impatience either they want bull run throughout the year or else get to conclusion "is this the end of bitcoin".

There were no fundamentals around like adoption or recognition which could might able to trigger out the market on having some possible increase.Its really hard to determine since this market

is already unpredictable in the first place and if we do stay for 40k for a while then so be it but its honestly frustrating because you couldnt know on when to get in or when to get out.

We cant be sure if the price would really make out some price increase or would continue to dip down further so this is where risks management differs.

[OgNasty]

I think every day we stay above $40K, the odds of it falling lower are reduced.

Well, that didn't last long.  The clock is on...  The death cross is complete...  Perhaps we should change the vote to how long will the market stay under $40K?  I guess we'll let the 24 hours below $40K play out first before doing anything drastic.  Looking at the chart and ignoring fundamentals, it looks pretty clear the market will hit $10K before it hits $100K, if it can manage to break to new highs at all.  Hopefully the fundamentals continue to stay positive.  Maybe this drop will bring Tesla back to the table for accepting Bitcoin.  Maybe Apple will take this opportunity to jump in the game as well.  Maybe Saylor will issue some more debt and keep trying to catch this falling knife.  Starting to feel like Bitcoin abandoned it's community to focus on institutional acceptance, and now those institutions are starting to tighten their belts.  I hope that not swapping BTC for pictures of monkeys to be a part of a positive community doesn't turn out to be a bad decision. 

[noormcs5]

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.

If Bitcoin were to fall below $40,000, it would have happened in the first month of such a fall, in November or even December of last year. Bitcoin has already firmly fixed in price at the level of 41-43 thousand dollars, and its fall below 40,000 dollars seems unlikely to me. I think that after a certain time, maybe a few months, we will again see a good price increase in this market.

Bitcoin did go below $40k ten days ago and bounced back, I think bitcoin might go below $40k again but what really matters is how long will bitcoin stay below $40k, because if bitcoin stay below that for over a week then it's definitely not a good sign. We all are aware that the last ATH was not the best bitcoin could achieve as it will eventually cross $100,000 as well but everything depends on the timing when it would happen as users are so impatience either they want bull run throughout the year or else get to conclusion "is this the end of bitcoin".

There were no fundamentals around like adoption or recognition which could might able to trigger out the market on having some possible increase.Its really hard to determine since this market

is already unpredictable in the first place and if we do stay for 40k for a while then so be it but its honestly frustrating because you couldnt know on when to get in or when to get out.

We cant be sure if the price would really make out some price increase or would continue to dip down further so this is where risks management differs.

We should not always need a news to keep bitcoin over 40k. Bitcoin fair price should be over 40,000. Unfortunately, after a lot of sideways market bitcoin has gone below the support of 40k. Now this will become a tough resistance which may take some time to break. Overall the current market is very bearish.

[aoluain]

I think every day we stay above $40K, the odds of it falling lower are reduced.

Well, that didn't last long.  The clock is on...  The death cross is complete...  Perhaps we should change the vote to how long will the market stay under $40K?  I guess we'll let the 24 hours below $40K play out first before doing anything drastic.  Looking at the chart and ignoring fundamentals, it looks pretty clear the market will hit $10K before it hits $100K, if it can manage to break to new highs at all.  Hopefully the fundamentals continue to stay positive.  Maybe this drop will bring Tesla back to the table for accepting Bitcoin.  Maybe Apple will take this opportunity to jump in the game as well.  Maybe Saylor will issue some more debt and keep trying to catch this falling knife.  Starting to feel like Bitcoin abandoned it's community to focus on institutional acceptance, and now those institutions are starting to tighten their belts.  I hope that not swapping BTC for pictures of monkeys to be a part of a positive community doesn't turn out to be a bad decision. 

$5k drop in within 24 hours is not great, first the $2k pimp to get long traders interested
and then a $5k drop to liquidate them, thats how I see it currently.

Now the question is for sure how long do we stay below $40k? I would like to think if
we started moving towards "$10k" that id wouldnt get that far because of massive buy
pressure on the Bitcoin Super Sale and indeed there would be announcements from
industry leaders of their move into Bitcoin ^again

[Ararbermas]

Previously many people expecting that 40k will be the strong support of bitcoin but unfortunately on this situation it's already broken and seems has a possibility to gradually decreasing more based on its circumstance. Perhaps many people will make adjustments again when it comes predicting the price because obviously the bearish still not finish to make correction. So i think yes my answer.

[Reid]

Previously many people expecting that 40k will be the strong support of bitcoin but unfortunately on this situation it's already broken and seems has a possibility to gradually decreasing more based on its circumstance. Perhaps many people will make adjustments again when it comes predicting the price because obviously the bearish still not finish to make correction. So i think yes my answer.

Oh crap. I voted late and even made a mistake. I picked NO for an answer.  
I was not checking the price for days and I also am expecting for Bitcoin not to go down the $40k resistance, but it did. I guess it's time to take out my cash and be one of the many buyers that is waiting for this moment. The entry point. I don't think this price below $40k will be long. Just my prediction and my instincts.

[leea-1334]

Oh crap. I voted late and even made a mistake. I picked NO for an answer. 
I was not checking the price for days and I also am expecting for Bitcoin not to go down the $40k resistance, but it did. I guess it's time to take out my cash and be one of the many buyers that is waiting for this moment. The entry point. I don't think this price below $40k will be long. Just my prediction and my instincts.

No point in voting now,,, new poll should be whether this last 24 hours, 7 days or 1 month. If it does not break to 40k again within January I fear we should all already admit defeat and this is the new bear cycle to last until the next halving.

IT is not that I am trying to sound defeated,,, just that we have to accept at some point the cycle is restarting right?

[LogitechMouse]

Previously many people expecting that 40k will be the strong support of bitcoin but unfortunately on this situation it's already broken and seems has a possibility to gradually decreasing more based on its circumstance. Perhaps many people will make adjustments again when it comes predicting the price because obviously the bearish still not finish to make correction. So i think yes my answer.

Oh crap. I voted late and even made a mistake. I picked NO for an answer.  
I was not checking the price for days and I also am expecting for Bitcoin not to go down the $40k resistance, but it did. I guess it's time to take out my cash and be one of the many buyers that is waiting for this moment. The entry point. I don't think this price below $40k will be long. Just my prediction and my instincts.

You are quite optimistic and there is nothing wrong with it. You are thinking the same as other investors out there including me.
I thought that this will be the scenario as well but it seems that it isn't right now. Though I'm ready when this kind of thing happens, I'm leaning more on the bullish perspective and hoping for Bitcoin to go higher in the next days.

Now we are seeing another red day for the market and I'm thinking that this "might" be the start of the bear market because breaking the psychological and strong support of $40,000 is a sign of weakness and increases the chances of a bear market. Lets wait if this will end up as a false breakout and will go back above $40,000 in the next few days or will it go lower. Just be ready when the bear market starts. Brace for impact

[rodskee]

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

Yes or No?

Does not happened to the last 24 hours from your posting but did happen several times after , like today we have already return down to below 40k and still struggling to return back meaning this will be on this level for the next following days or weeks?

But what I am afraid more is to see this kind of market this whole year  .

Previously many people expecting that 40k will be the strong support of bitcoin but unfortunately on this situation it's already broken and seems has a possibility to gradually decreasing more based on its circumstance. Perhaps many people will make adjustments again when it comes predicting the price because obviously the bearish still not finish to make correction. So i think yes my answer.

it does not , couple of times that 40k level has been broken and falls to 30k level .

[STT]

The people have spoken, seems we went in a direction both feared but predicted and expected by a majority.   Not sure that helps us in recovery or not.

The price did test upwards first but not in a substantial way, I would expect us to stay downwards with greater confidence if we had tested and failed the 50 day average for example.
  We are testing downwards right now, Im not sure if we have broken range down or not just yet.
                                                                       

[OgNasty]

Looks like we've still got a few hours before the 24 hour dip below $40K is complete.  At this point it looks extremely likely that will be the case.  I guess the questions after that are if it will get above $40K again in 2022 or maybe if it fall below $30K...  What are the thoughts here?

Personally, I think a retest of the recent low between the double top seems rather likely.  If that doesn't hold we'll fall straight to $10K. 

At this point I think it might be irresponsible for longtime holders to have not cashed out something at >$30K levels.  I know I wish I had cashed out a little more during my last sale at $57K.  With everything sinking like a stone for the last 90 days, you have to wonder when the pain will end.  At this point a dead cat bounce would be welcomed.

[lalabotax]

I guess the questions after that are if it will get above $40K again in 2022 or maybe if it fall below $30K... What are the thoughts here?

Indeed. That's what all people are thinking about. I think there is always a chance for Bitcoin price to increase again above $40k. But I am afraid it will have the same scheme as before. I still remember when Bitcoin price tried to survive above $50k. When it already dropped a long time below $50k, it is hard to increase again above $55k. Finally, as it failed to pass $55k, then it dropped more below $50k. It also may happen in the current situation, if Bitcoin price failed to increase again above $45k, it probably drops more below $40k.

[michellee]

Looks like we've still got a few hours before the 24 hour dip below $40K is complete.  At this point it looks extremely likely that will be the case.  I guess the questions after that are if it will get above $40K again in 2022 or maybe if it fall below $30K...  What are the thoughts here?

Personally, I think a retest of the recent low between the double top seems rather likely.  If that doesn't hold we'll fall straight to $10K. 

At this point I think it might be irresponsible for longtime holders to have not cashed out something at >$30K levels.  I know I wish I had cashed out a little more during my last sale at $57K.  With everything sinking like a stone for the last 90 days, you have to wonder when the pain will end.  At this point a dead cat bounce would be welcomed.

The price now needs $4k to go back to $40k so I think it will be back to $40k in 2022. Maybe it will be back in the next month or so but before that, I think the price will go up and down to that price more often before the price increase back. But I am not sure if the price will fall to $10k shortly because that can trigger all of the coins to the lowest price and make most people panic and sell massively.

If the price still goes down below $35k, people can lose their beliefs in bitcoin and sell their bitcoin before the price reaches the bottom. But that will be the golden moment for the investors as they get the best price to buy bitcoin, especially for people who already sold their bitcoin at $40k-$50k so they will use that moment to buy more bitcoin.

[el kaka22]

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

Yes or No?

Does not happened to the last 24 hours from your posting but did happen several times after , like today we have already return down to below 40k and still struggling to return back meaning this will be on this level for the next following days or weeks?

But what I am afraid more is to see this kind of market this whole year  .

I do not think that bitcoin has ever been the same thing for the whole year ever before. In 2017 we started with like 700 and finished with 12-15 range or something, seen 20k in the way, in 2018 we started with that amount and finished with like 3.5k, in 2019 it ended with 7k, in 2020 it ended with 30k, in 2021 it ended with 40k with 68k ATH meanwhile. So, it always moves around, it always have different movements, I feel like we are going to see big differences for sure.

I feel like 2x is definitely possible, ending the year at around 80k and maybe test 100k but definitely fail. That will be so cliché for bitcoin, being somewhere close to 100k and not go above it, or maybe like 101k but then crash big time to 60k suddenly, that would be so realistic and something that bitcoin would be very well known for, they are all possible.

[bitterguy28]

I guess the questions after that are if it will get above $40K again in 2022 or maybe if it fall below $30K... What are the thoughts here?

Indeed. That's what all people are thinking about. I think there is always a chance for Bitcoin price to increase again above $40k. But I am afraid it will have the same scheme as before. I still remember when Bitcoin price tried to survive above $50k. When it already dropped a long time below $50k, it is hard to increase again above $55k. Finally, as it failed to pass $55k, then it dropped more below $50k. It also may happen in the current situation, if Bitcoin price failed to increase again above $45k, it probably drops more below $40k.

at least you are talking about 50k and above when we are now in below 40k and coming near to dropping down below 30k and this is not a good sign for the bullish market that happened last year .
 
just in November Bitcoin recorded another High so now here we are struggling to even break 40k again.

if this will continue then yes we can see downwards more this year or before 4th quarter.

[Tellek Garing]

The market is sliding down faster than most of us expected and if this price crash continues it may land us in the 20k region which is the nearest minimum I think the market will fall back to this year,  the question is what is the market resistant and the availability of liquidation that will help give Bitcoin price some level of stability in this season.

[jostorres]

The market is sliding down faster than most of us expected and if this price crash continues it may land us in the 20k region which is the nearest minimum I think the market will fall back to this year,  the question is what is the market resistant and the availability of liquidation that will help give Bitcoin price some level of stability in this season.

We are all quite aware that currently both bitcoin and all altcoins are facing their bearish season. I guess we all should prepare our minds for the worst case, but even at that I personally would not want of to go down. We also will wait for the bullish season to happen in near future. Yeah, this bearish trend is not the end of world; definitely this also will pass away how the strong built by bulls which happened last year are sliding down slowly and in similar manner, we can see bitcoin is going to recover and will trade to new heights certainly. Not getting panicked right now will help all bitcoin holders according to current market conditions.

[TravelMug]

The market is sliding down faster than most of us expected and if this price crash continues it may land us in the 20k region which is the nearest minimum I think the market will fall back to this year,  the question is what is the market resistant and the availability of liquidation that will help give Bitcoin price some level of stability in this season.

We are all quite aware that currently both bitcoin and all altcoins are facing their bearish season. I guess we all should prepare our minds for the worst case, but even at that I personally would not want of to go down. We also will wait for the bullish season to happen in near future. Yeah, this bearish trend is not the end of world; definitely this also will pass away how the strong built by bulls which happened last year are sliding down slowly and in similar manner, we can see bitcoin is going to recover and will trade to new heights certainly. Not getting panicked right now will help all bitcoin holders according to current market conditions.

Who would like to see a bearish trend? but this is the market that we live in, it's on a cycle of bullish and bearish trend. And we have enjoyed the last great run we have in 2021 wherein we reach new all time high. But it is what it is, bitcoin is nowhere near $69k. On the contrary it is struggling to even get to $40k. So it's better to prepare for the worst, and we are indeed into crypto winter already.