₿ not going below 40.000 (probably)

[michellee]

Well, the probability of going down below $40,000 will be there, but I hope that will not happen because that can make many people panic and sell their bitcoin massively without thinking that the price will increase in a short time. It seems the price can hold at this time and not go deeper, but we must still be careful because no one can know what will happen later. Maybe $40,000 is the test for the price and will stay at that price for a while so it will increase in the next weeks. If we look at the chart, the price still moves from this price to the high price and then back to this price so hopefully, the price will be like that before it increases again.

[prosperoustop]

I heard statistic that just 4% people own the cryptocurrency, and community if growing, for sure prices will raise!

[Chato1977]

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.
3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
    In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

Why do you think Bitcoin will probably not going lower than 40.000?

Probability ? yes it may not fall that low but reality? no one can tell because we have seen this happened late last year so there is a chance this can happen again as we can see the hardness in breaking 44k again.
if this trend continue then expect mosre lower than that 40 k.

[Ararbermas]

Actually when there's a bearish season bitcoin always have strong support wherein the level of the price that unbreakable. So if 40k will be the strong support for this situation for sure it will keep holding until the bullish appears again, but unless if there's no new negative news because we all knows that's the one that can drive the market down nowadays even there's a strong support..

[btc78]

I don't really care, for my years in crypto I have seen hundreds times or more than that Bitcoin fell bellow expectation but growing more than expected so who am I to care for when i am ready to keep my coins for long?
actually those who are bothered in this probabilities are those who wanted to take an easy earning and now being trapped in the system.
why not believe in your investments and keep it for long?
you will never gain big if you are not willing to wait long so take that chance or leave now that is your only option in market like this .

[Maslate]

Whales will probably be happy if the price will dump more. Bitcoin is barely surviving the $40k range, what we are talking about now is the $30k range if the price will dump. Maybe it may not happen soon, but we have to take notice that the market is currently bearish already.

[cheezcarls]

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.
3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
    In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

Why do you think Bitcoin will probably not going lower than 40.000?

Although we are not sure of that yet and anything could happen without any warning, but I may believe it would be somewhere around $35k or so. Not sure about $40k yet as the bottom in my own instincts. I know that more whales and institutions have adopted BTC and cannot be stopped, but it’s still subject to substantial risks and it can break support level anytime.

[Wawa2013]

Well, the probability of going down below $40,000 will be there, but I hope that will not happen because that can make many people panic and sell their bitcoin massively without thinking that the price will increase in a short time. It seems the price can hold at this time and not go deeper, but we must still be careful because no one can know what will happen later. Maybe $40,000 is the test for the price and will stay at that price for a while so it will increase in the next weeks. If we look at the chart, the price still moves from this price to the high price and then back to this price so hopefully, the price will be like that before it increases again.

Anything can happen, therefore we must be really vigilant and prepare a backup plan if the worst case scenario occurs. But if we look at 2021,
there are quite a lot of institutions investing in Bitcoin, it looks like Bitcoin's support price at $40k is very strong and it's unlikely that Bitcoin
will drop below $40k. Like you said, it would be very dangerous if the Bitcoin price fell below $40k, some investors will definitely panic and sell Bitcoin
at a low price, it can make the Bitcoin price go down. I really hope Bitcoin doesn't fall below $40k and Bitcoin price recovers soon, then returns to ATH.
Fortunately the movement of Bitcoin still looks positive, although it still failed to rise above the $45k price. So my advice now is to start accumulating
Bitcoin, in order to help Bitcoin price to go up, because the price of Bitcoin will go up if more people buy Bitcoin.

[kryptqnick]

I think that if something like $39k counts at going below $40k, it's very realistic. But if we're talking about Bitcoin going well below $40k (like, $35k or lower), a huge event is required to trigger that sort of selling because $40k has had very strong support for a long time. But even if the price goes down to $30k, is it really a big deal? It went that low in July, but then jumped to $40k in less than 2 weeks, and hit $50k in September. So, honestly, I think we can handle a period of low price, as long as it's a short one (a month or two, not whole seasons of low prices).

[Peanutswar]

Bitcoin is one of the most known today era and many businesses and institutions buying bitcoin and other assets. Currently, they are now attempting for another re-test for having a support of 40k USD but of course, they don't let this happens still depends on the investor if they want to hold their coins or not but this is the right time to buy when the market makes a good signal for reversal manage at your own risk still the best idea and use TA and graphs to have hint when is the right time.

[naira]

3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
    In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

What is meant by this? Is there a plenary group of whales that do confirm prices and lobby to keep prices above $40K?
No one knows and no one is certain, because the estimated price is always far above everyone's expectations. What we saw this year will not be seen this year? even though the bears hit us, we are still at the highest point from year to year.

[ChiBitCTy]

Personally I don’t think anyone really knows or has any great idea where things are actually heading. I do have to say that I think we are really starting to see great progression with bitcoin for the simple fact that it’s done such a great job holding a floor around 40k for so long. That’s progress whether it feels like it or not !

[Little Mouse]

No one can guarantee that. A lot of people have purchased in $30k-$40k range doesn’t mean they won't say at that point or in loss. Have you ever heard of the term capitulation. It's kinda time when people think it’s last time to sell or get ruined. In that time, people sell blindly lol. I have observed such days and possible to have a capitulation too. It's not true that we will not see below $40k. I won't surprise if I see $10k this year even.

[sirminesalot]

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.
2. News and future events should be already priced in, except a black swan.
3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
    In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

Why do you think Bitcoin will probably not going lower than 40.000?

It bitcoin keep the hype just like the last year hype i'm sure it won't going down under 40k. It could only happen if there are some big bad news spreading by people with powers and they could take down the bitcoin with their "voice" so people will leave it, but the chance is so small.
I still trust bitcoin this year will make a decent price but not sure if it will create a new high again or no.

[worldofcoins]

I'm pretty sure it already went below 40,000 a few days back, I was worried if it's going to break another support.

The price of bitcoin is hovering around 40-43k and I think this year is going to be bearish.

[goldkingcoiner]

$40000 USD is more of a psychological boundary rather than a steady support, if you look at the fibonacci support from weekly. If anything we broke through the 44k support a while ago so after a rise back to 50-53k I see another dip towards 25-30k after which we can resume the bull market towards 100k. Either way, I will be hodling the entire way as I have been so far. The technical analysis is just a tool for predicting a good buying point, to me.

[AakZaki]

~snip~

I too think it unlikely that the price will go below $40K, especially well below, but we can never know for sure.

If I read the direction of the market that has been running and repeated then below $40K it might happen. You may remember that the market is different this time. The development of Bitcoin has more supporting corporate institutions. This could change market opinion to stay in the strong support area of $39k. But if it looks at ATH in 2017-2018, they will walk down the stairs. There was a decrease of about 80% more at the time. I think today we start to be vigilant, stay calm and don't panic. Keep using your strategy to minimize your losses.

[hatshepsut93]

1. A lot of rich people bought probably at 40.000 and 30.000. So many of them will very likely do lobbying and marketing to keep the price up.

They are not all-powerful, there's only so much they can do to influence the market. And it's not even a fact that they would want to keep Bitcoin above certain level, maybe they actually want it to go down to buy even more?

2. News and future events should be already priced in, except a black swan.

And how does this mean that Bitcoin won't go below $40k?

3. Way more people seems to be very bearish, now. Even a lot of big influencers. Some of them are calling 20.000 $ - 16.000 $.
    In most cases the opposite happens from what the masses think. So it`s likely that Bitcoin stays above 40.000 $ and is moving up, soon

This is basically the idea of Fear and Greed index, but if you look at such charts, you can notice that there were periods of Fear followed by even more price decline, or Greed followed by more Greed. It's really not a good basis for predicting anything.


There is nothing that guarantees that Bitcoin won't drop below $40,000, but it doesn't matter, it's just another psychological barrier, there's nothing fundamental here.

[Falconer]

If I read the direction of the market that has been running and repeated then below $40K it might happen. You may remember that the market is different this time. The development of Bitcoin has more supporting corporate institutions. This could change market opinion to stay in the strong support area of $39k. But if it looks at ATH in 2017-2018, they will walk down the stairs. There was a decrease of about 80% more at the time. I think today we start to be vigilant, stay calm and don't panic. Keep using your strategy to minimize your losses.

When we talk about a possibility, of course we will also know what the possible causes are. We all never know what will happen, but history can help to stay alert in all situations. Yes, I agree that there will be price drops where people want lower prices and I believe no one will be able to keep prices above $40K long term even though we have quite a bit of institutional support so far.

Although today bitcoin experienced a slight increase but in fact the price of bitcoin still lost 37% of ATH. We certainly don't expect a bigger drop of up to 50%-80% but anything is still possible in this highly volatile market. Having a strategy to minimize losses is of course very important, especially for traders and bitcoin holders so far.

[Leviathan.007]

That's so funny because usually there is a topic here whenever the price is a little bit bearish and doing some corrections while we should consider a few years ago these people were complaining about the price of bitcoin because the price was dumped from 8k to 3.7k even after we saw how bitcoin could recover the price and the many people are rich with bitcoin just because of this price movement but still people are worry because of the price movements in the short term while if we aim for long term investment we won't have any of those problems at all.