₿ not going below 40.000 (probably)

[btc_angela]

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

personally I never thought of this , instead i expected that bitcoin will downfall to even 30k and asking why?
because i wanna buy cheaper again lol.

actually i feel sad because of the increase because i thought we are nearing 25k 

but its fine because my holding is enough to make me rich if the price reached 100k in future .

This is a preparatory step for us to buy bitcoins in large quantities, some people expect it to happen in times of correction like this, then what about those who have bought at a higher price, if the price of bitcoin falls free at 30 thousand, this seems unlikely to happen again for bitcoin to be at a price like that, there are factors that affect bitcoin both down and up, but I think reaching the lowest price is not possible anymore.

Yeah, why not? every dip is really a perfect buy opportunity specially if you are here for the long term. The price is below $40k, and even went to $32k. And now with brief recovery, but still the price is so cheap that you can buy and fill up your wallets. Unfortunately though, I don't have the fiat right now, if I have, I will double up on my bitcoin at this dip. So for others, take this opportunity, just saying.

[Japinat]

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

personally I never thought of this , instead i expected that bitcoin will downfall to even 30k and asking why?
because i wanna buy cheaper again lol.

actually i feel sad because of the increase because i thought we are nearing 25k 

but its fine because my holding is enough to make me rich if the price reached 100k in future .

This is a preparatory step for us to buy bitcoins in large quantities, some people expect it to happen in times of correction like this, then what about those who have bought at a higher price, if the price of bitcoin falls free at 30 thousand, this seems unlikely to happen again for bitcoin to be at a price like that, there are factors that affect bitcoin both down and up, but I think reaching the lowest price is not possible anymore.

Yeah, why not? every dip is really a perfect buy opportunity specially if you are here for the long term. The price is below $40k, and even went to $32k. And now with brief recovery, but still the price is so cheap that you can buy and fill up your wallets. Unfortunately though, I don't have the fiat right now, if I have, I will double up on my bitcoin at this dip. So for others, take this opportunity, just saying.

The recovery is good, it showed that somehow bitcoin is not going to dump below $30k. However, it has to fully recover as otherwise it will be hit by a bearish market again and another huge dump will happen, I'm afraid that time we will see bitcoin to drop below $30k which more panic will be created.

[carlfebz2]

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

personally I never thought of this , instead i expected that bitcoin will downfall to even 30k and asking why?
because i wanna buy cheaper again lol.

actually i feel sad because of the increase because i thought we are nearing 25k 

but its fine because my holding is enough to make me rich if the price reached 100k in future .

This is a preparatory step for us to buy bitcoins in large quantities, some people expect it to happen in times of correction like this, then what about those who have bought at a higher price, if the price of bitcoin falls free at 30 thousand, this seems unlikely to happen again for bitcoin to be at a price like that, there are factors that affect bitcoin both down and up, but I think reaching the lowest price is not possible anymore.

Yeah, why not? every dip is really a perfect buy opportunity specially if you are here for the long term. The price is below $40k, and even went to $32k. And now with brief recovery, but still the price is so cheap that you can buy and fill up your wallets. Unfortunately though, I don't have the fiat right now, if I have, I will double up on my bitcoin at this dip. So for others, take this opportunity, just saying.

The recovery is good, it showed that somehow bitcoin is not going to dump below $30k. However, it has to fully recover as otherwise it will be hit by a bearish market again and another huge dump will happen, I'm afraid that time we will see bitcoin to drop below $30k which more panic will be created.

Follow-up dumps could really happen neither there would be some various news or doesnt really have at all which it is really makes more harder to predict on what would happen next.

The price hadnt really able to dump down below 30k but instead it do really make out some recovery but only just in small percentage but at least it did really tank up because if the price

had gone down to worst like going on 30k level below then panic sell would be even more severe which could really result into in deep reds that we might havent seen before.

[Ararbermas]

Unfortunately its a now around 37k but probably it will not go further since the market is gradually showing green for how many day until now in my view, wherein usually it's sign that bearish is getting weaker. So let's just hope there's no more negative things about bitcoin so that it can recover immediately before this month ends.

[barbara44]

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?

Number 3 seems weird but it works. Often times when I think something to happen, it is always the opposite that happen like when I gamble and hoping for a win, I lose but when I do not expect to win or simply expect that I am going too lose, I will then win.

Why cannot we use this trick whenever there is a dump that happens? Maybe this can save us all but to be honest dumps are not bad either but we sometimes need it so that we can be able to invest again at a very good price. Lots of rich peeps are buying now but I do not think they care for the marketing and nowadays I have not seen bitcoin being promoted anywhere other than the newer types of coins.

[BITCOIN4X]

Why cannot we use this trick whenever there is a dump that happens? Maybe this can save us all but to be honest dumps are not bad either but we sometimes need it so that we can be able to invest again at a very good price.

When an investor buys on a dip, they are executing an accumulation strategy which they will then hold to for the long term. They don't expect returns in the short term because they basically need a bigger return than we normally expect. We can also do like them, but maybe in smaller numbers but still with the same strategy.

Many people are starting to realize that investing in bitcoin in the long term will be able to provide quite good returns, this may have been ingrained among investors so maybe when there is a correction then recovery can always be expected sooner or later.

[carlisle1]

Why cannot we use this trick whenever there is a dump that happens? Maybe this can save us all but to be honest dumps are not bad either but we sometimes need it so that we can be able to invest again at a very good price.

When an investor buys on a dip, they are executing an accumulation strategy which they will then hold to for the long term. They don't expect returns in the short term because they basically need a bigger return than we normally expect. We can also do like them, but maybe in smaller numbers but still with the same strategy.

Many people are starting to realize that investing in bitcoin in the long term will be able to provide quite good returns, this may have been ingrained among investors so maybe when there is a correction then recovery can always be expected sooner or later.

After all those years, Bitcoin already given that kind of hint. If you look on the long term investment goal

Bitcoin have that capabilities to bounce back and bring decent amount of benefits, though you needed a good amount of funds

since the value of this asset is no longer cheap.

Better to assess and observe how the market is behaving in order to make an entry to a much suitable place..

[btc_angela]

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

personally I never thought of this , instead i expected that bitcoin will downfall to even 30k and asking why?
because i wanna buy cheaper again lol.

actually i feel sad because of the increase because i thought we are nearing 25k 

but its fine because my holding is enough to make me rich if the price reached 100k in future .

This is a preparatory step for us to buy bitcoins in large quantities, some people expect it to happen in times of correction like this, then what about those who have bought at a higher price, if the price of bitcoin falls free at 30 thousand, this seems unlikely to happen again for bitcoin to be at a price like that, there are factors that affect bitcoin both down and up, but I think reaching the lowest price is not possible anymore.

Yeah, why not? every dip is really a perfect buy opportunity specially if you are here for the long term. The price is below $40k, and even went to $32k. And now with brief recovery, but still the price is so cheap that you can buy and fill up your wallets. Unfortunately though, I don't have the fiat right now, if I have, I will double up on my bitcoin at this dip. So for others, take this opportunity, just saying.

The recovery is good, it showed that somehow bitcoin is not going to dump below $30k. However, it has to fully recover as otherwise it will be hit by a bearish market again and another huge dump will happen, I'm afraid that time we will see bitcoin to drop below $30k which more panic will be created.

For now, we might not see the price going below $30k, but if you look at this month, good bounce follow by a drop again, so it seems to be a a dead cat bounce. We should be at around $40k at least for now if we hold the support $38k in the last couple of days.

But I guess it's weak support, so stay tune this month, we might be in for a surprised.
Maybe another $32k-$33k is what I'm seeing base on the current sentiments and trading volumes.

[TheUltraElite]

For now, we might not see the price going below $30k, but if you look at this month, good bounce follow by a drop again, so it seems to be a a dead cat bounce. We should be at around $40k at least for now if we hold the support $38k in the last couple of days.

Today the price is around 41k and this has been an uptrend starting yesterday evening. Now this could be a new run or a small correction driving the price upward. So this prediction of yours came out to be correct, grats to you for that.

But I guess it's weak support, so stay tune this month, we might be in for a surprised.
Maybe another $32k-$33k is what I'm seeing base on the current sentiments and trading volumes.

I think the 30k and 35k support levels are strong and they are limiting the downtrend and pushing the price upwards continuously. I would not be surprised if the price comes back down but by now possibly newer levels will develop at 40k and that will keep supporting the price for now.

Current price above 40k might also give the incentive to some weak hands who bought at 38k to sell away. So we might see a lot of movement at this level before it starts moving towards 45k.

[arufox]

After experiencing a huge price correction in the last few months to drop to $36k, now bitcoin is experiencing a very significant price increase where the bitcoin price has returned to above $41k. If the current price hike continues, then we shouldn't see bitcoin prices lower than $40k again and heading for a sizable bull on Bitcoin going forward. But keep in mind that if negative sentiment occurs again, it is possible that the bitcoin price will be corrected even further down to $34k.

[BITCOIN4X]

After experiencing a huge price correction in the last few months to drop to $36k, now bitcoin is experiencing a very significant price increase where the bitcoin price has returned to above $41k. If the current price hike continues, then we shouldn't see bitcoin prices lower than $40k again and heading for a sizable bull on Bitcoin going forward. But keep in mind that if negative sentiment occurs again, it is possible that the bitcoin price will be corrected even further down to $34k.

On some exchanges it looked like the drop was as high as $33K, but since then the bitcoin price has continued to recover until today reaching above $41K. I'm starting to think if this trend continues to $45K then $40K will be a good support to make traders and investors confident to continue holding bitcoin in the long term.

I would not say a bull market has been activated but this is a normal condition in the market after a price correction. Traders and investors should still be wary of short-term trends, but whoever bought the dip has been profiting since yesterday. The high demand for bitcoin has made the green candle stand tall on TF 1Day, which was enough to lighten the mood after the recent correction.

[Luqman]

On some exchanges it looked like the drop was as high as $33K, but since then the bitcoin price has continued to recover until today reaching above $41K. I'm starting to think if this trend continues to $45K then $40K will be a good support to make traders and investors confident to continue holding bitcoin in the long term.

In most exchanges, the lowest BTC price was around $33k a few days ago. But when the BTC price increased to $36k, it jumped to $40k and then to $41k very fast. I think people are confident to buy again Bitcoin, so the demand is increasing in the market. Sure, the price looks like to survive above $40k, and I hope it will continue to increase around $50k this month. With the increase in BTC demand, the price will recover quickly.

I would not say a bull market has been activated but this is a normal condition in the market after a price correction.

Yes. That's how crypto market works. After we experienced a severe decrease or big correction, there should be an increase. Maybe, we are on the path to bearish, but the decrease won't happen every time. There are still some increases in Bitcoin price before the next severe drops. That's what I understand about Bitcoin price and market trend so far.

[poldanmig]

On some exchanges it looked like the drop was as high as $33K, but since then the bitcoin price has continued to recover until today reaching above $41K. I'm starting to think if this trend continues to $45K then $40K will be a good support to make traders and investors confident to continue holding bitcoin in the long term.

In most exchanges, the lowest BTC price was around $33k a few days ago. But when the BTC price increased to $36k, it jumped to $40k and then to $41k very fast. I think people are confident to buy again Bitcoin, so the demand is increasing in the market. Sure, the price looks like to survive above $40k, and I hope it will continue to increase around $50k this month. With the increase in BTC demand, the price will recover quickly.

I would not say a bull market has been activated but this is a normal condition in the market after a price correction.

Yes. That's how crypto market works. After we experienced a severe decrease or big correction, there should be an increase. Maybe, we are on the path to bearish, but the decrease won't happen every time. There are still some increases in Bitcoin price before the next severe drops. That's what I understand about Bitcoin price and market trend so far.

Bitcoin has managed to break through the $40K price wall right now, but in my opinion the market conditions are still in a sideway condition right now and the possibility of bulls strengthening or even bears going on a rampage could still happen in the market, because in my opinion there is currently negative sentiment towards bitcoin has not completely disappeared and the possibility of price correction may occur again.

[crzy]

now bitcoin has seen a bright light where previously bitcoin was under the price of $40k, but now bitcoin has penetrated the price of $40k and bitcoin is at a price of $41k, that's a sign that bitcoin has seen a bullrun again.

Corrections was done already (hopefully), and its good to see the price above $40k again. OP is wrong about his prediction which only means to me that this market is really unpredictable even if there’s a lot of good news the price will still corrects and that is a necessary part of this market. If this up trend continues, we might enter into another bull market again.

[TimeTeller]

now bitcoin has seen a bright light where previously bitcoin was under the price of $40k, but now bitcoin has penetrated the price of $40k and bitcoin is at a price of $41k, that's a sign that bitcoin has seen a bullrun again.

Corrections was done already (hopefully), and its good to see the price above $40k again. OP is wrong about his prediction which only means to me that this market is really unpredictable even if there’s a lot of good news the price will still corrects and that is a necessary part of this market. If this up trend continues, we might enter into another bull market again.

No one can really precisely predict this market. But we can always give our prediction.
Even experts or long-time crypto users are just speculating in this market.
And based from your instincts, that's how you will react and spend your funds.
People are in positive vibes again because btc tops again the 40k level.
Remember, couple of weeks ago, some are speculating that btc will fall down below 30k, even to 20k level.

[TheUltraElite]

now bitcoin has seen a bright light where previously bitcoin was under the price of $40k, but now bitcoin has penetrated the price of $40k and bitcoin is at a price of $41k, that's a sign that bitcoin has seen a bullrun again.

Bitcoin price currently at 43k gives hope to the bllrunboys again. But be sure that you will see selling pressure at this point too, some people bought at 40-41k before the dump and are looking to get out quickly before it drops again. I think it will take some time to reach back 45k but it is happening and it might be before this weekend if everything goes well.

Either way traders need to learn how to profit from both sides. When bitcoin goes up, sell it for fiat and keep the fiat to buy when it goes down. This cycling is of utmost importance. Being stubborn will not get your anywhere and you will get frustrated when you observe that you have not made any significant profits in the last quarter.

[kentrolla]

now bitcoin has seen a bright light where previously bitcoin was under the price of $40k, but now bitcoin has penetrated the price of $40k and bitcoin is at a price of $41k, that's a sign that bitcoin has seen a bullrun again.

Bitcoin price currently at 43k gives hope to the bllrunboys again. But be sure that you will see selling pressure at this point too, some people bought at 40-41k before the dump and are looking to get out quickly before it drops again. I think it will take some time to reach back 45k but it is happening and it might be before this weekend if everything goes well.

Either way traders need to learn how to profit from both sides. When bitcoin goes up, sell it for fiat and keep the fiat to buy when it goes down. This cycling is of utmost importance. Being stubborn will not get your anywhere and you will get frustrated when you observe that you have not made any significant profits in the last quarter.

Yes there are lot of users who have bought Bitcoin around $45k before it started dropping down and most of them were stubborn that it will bounce back now since bitcoin is around $45k those users will be awaiting for some quick profit and wouldn't take the risk again this they would tend to place sell orders or OCO or Stop loss orders. But again it depends on how soon bitcoin crosses $50k mark or how long does it stays over $44k or $45k if it drops by over 3 to 5% then the sell pressure will come into effect.

[STT]

40K is once again relevant, if we can keep that as support now it'd be quite bullish but overall its reasonable to expect a greater test then this.   We are above the general trend up from the bottom and the momentum of the weekly average but I would not assume we remain so without a test.   After we test down we should then be more able to resume upwards.
  Ideally its 43k we keep but 42k also would quite positive still.

[Oilacris]

40K is once again relevant, if we can keep that as support now it'd be quite bullish but overall its reasonable to expect a greater test then this.   We are above the general trend up from the bottom and the momentum of the weekly average but I would not assume we remain so without a test.   After we test down we should then be more able to resume upwards.
  Ideally its 43k we keep but 42k also would quite positive still.

There's no such thing about strong support but speaking with technical analysis then we could able to point out on what are the probable points that we could see out and now the price had risen

back to 44k+ and moving sideways then its really hard  to determine on what would be its next move whether it would break 50k resistance or would go back below on 40k support.

It all matters with the demand and this is something we do always look and making out speculations until this very moment from the moment this market had started.

[repear7]

I don't know what you mean by that. But human greed never diminishes. If you have 10$ then you can go to how to make 50$ from it. Cryptocurrency is exactly the same. If you have 1 BTC then you will want to make 1 more BTC from it. Because no one wants to lose. But from the stage BTC is in now, it seems that it will remain stable at 42K-45K for some time. After that it can increase or decrease.