₿ not going below 40.000 (probably)

[Jating]

Bitcoin has been at a price below $40K and under $30K, if I'm not mistaken from 2018 to 2020. All possibilities exist and can happen even though we hope that Bitcoin can continue to be at a price that can benefit everyone who chooses Bitcoin as an investment.

Of course the last all time high as around $20k in December 2017, and from 2018-2020 we are way below even hitting the lowest low for the bearish cycle at $3k March after the pandemic was announce.

But there is one important event in the calendar that year 2020, the bitcoin halving, which for us is the catalyst for a bull run. So we don't have it right now and so many thinks that we will still go down below $40k or even under $30k worst scenario.

[STT]

Its  become more possible we do search the lower 30k's.   The close to this last weekly bar is quite negative and any further negative trade will push price action over the edge.   We have to see but the lows around 38k need to hold now for any hope of a build higher, recovery or just sideways.
    We are in a regular downtrend here, if we can simple hold this price level then it can eventually turn positive & that would be the time element in recovery prospects.

[peter0425]

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?

Best that you put that word (PROBABLY) on the top because if not? then you  are surely mistaken because the price drops from your post below 40k multiple time and even almost drops below 30k dumping to 33k recently .
no wonder what will happen in the long run for this prices but I am certain that the whole  year will be like this continuously .

[yohananaomi]

As we enter Maret, I don't think the bitcoin price will drop below $40k again as the crypto market has rebounded and the bitcoin price has returned to the $44k level after the last few months of deep declines. However, in the last few days, the crypto market has started to weaken again and the bitcoin price has dropped to as low as $40k. But I'm sure if the bitcoin price will rise again at least it will reach its price target above $45k in the near futur.

Bitcoin price is indeed unpredictable and always changes quickly, but it seems that the trend for a correction to below $30K will not happen again (if it's below $40K, it's still possible) and is currently entering a trend to increase, although reaching the maximum is very difficult to happen. . yesterday almost reached $45K, but finally dropped again and is currently trying to repeat to break through $45K and hopefully it will happen tomorrow, so that by the end of March there is a possibility to reach $50K will be well, and we are waiting for good news is not it bad news that will make bitcoin slump again.

[Jating]

Its  become more possible we do search the lower 30k's.   The close to this last weekly bar is quite negative and any further negative trade will push price action over the edge.   We have to see but the lows around 38k need to hold now for any hope of a build higher, recovery or just sideways.
    We are in a regular downtrend here, if we can simple hold this price level then it can eventually turn positive & that would be the time element in recovery prospects.

Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

[DoublerHunter]

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

^ PROBABLY it will not.
No one will really know, we are just speculating the possibility that happens, it's been always BTC price is unpredictable.
I am not good at speculating using technical analysis, the common that I have used is a fundamental strategy which is sometimes relying upon news before you will have a better answer. So for now, it seems there is no good news around, and after this massive fall, there will be resistance and that is what I have got right now. BTC will remain unpredictable and no one really knows.

[eaLiTy]

~
Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

I am also expecting a major sell out in the meantime by institutional investors who entered the market well before the halving and whenever we see a pump in the market i feel like they will be booking their profits and i really do not think that they will dump everything all of a sudden and they are booking their profits strategically. I am curious to see how long this push will continue before going for a correction and then repeating the same process over again.

[DOH!]

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

It is still a possibility, but market behavior has many favorable signal levels to add value for institutional investors to accumulate, 38k-40k is still a low level for whales to take advantage of but I think the possibility  This feature will be the exception.  .. 40k is still well supported and i wouldn't worry if we end March with 40k-48k.  The market reaction to bitcoin is slowly emerging.  Just waiting

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

The obsession of black friday won't come easily.

[buwaytress]

^ Not sure why it would be any different this week from the previous though. The strong fundamentals you mentioned (and more than that not mentioned) have all been creeping up in positive trends for years, with or without the market reflecting that.

I wouldn't even say we should not worry if March doesn't end at 50k like people seem to be getting the fuss on about -- the real worry is if we don't hold above this 40k support for the entirety of April.

Barely 12 days since we broke above 40k. I'd much prefer a full 30 days spent above it than 50k right now.

[bitterguy28]

As we enter Maret, I don't think the bitcoin price will drop below $40k again as the crypto market has rebounded and the bitcoin price has returned to the $44k level after the last few months of deep declines. However, in the last few days, the crypto market has started to weaken again and the bitcoin price has dropped to as low as $40k. But I'm sure if the bitcoin price will rise again at least it will reach its price target above $45k in the near futur.

Bitcoin price is indeed unpredictable and always changes quickly, but it seems that the trend for a correction to below $30K will not happen again (if it's below $40K, it's still possible) and is currently entering a trend to increase, although reaching the maximum is very difficult to happen. . yesterday almost reached $45K, but finally dropped again and is currently trying to repeat to break through $45K and hopefully it will happen tomorrow, so that by the end of March there is a possibility to reach $50K will be well, and we are waiting for good news is not it bad news that will make bitcoin slump again.

for multiple times Bitcoin price drops below 40k this 1st quarter alone so this thread is a complete failure from that perspective and also the value of Bitcoin rising and dumping from the beginning so indeed the unpredictable status and characteristic of Bitcoin is the same reason why this coin is the most trusted and most supported currency in crypto world because this can bring Profit but also can take capital.

[Marvelman]

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

[darkangel11]

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

Is it already a bull run? I mean we are still in the same range that we were for months. In February we went to 45k and fell to 34k then went back up to 45k and down again and this is the third time we're at 45 so I don't see any bull run yet.
What catalyst are you talking about? We had plenty of catalysts like the EU voting against PoW ban, Musk saying that he won't sell bitcoin, oil companies like exxon mining bitcoin, new president of Korea saying good things about it... The market looks more bullish than it was last year just the price is being suppressed by traders.

[Marvelman]

Is it already a bull run? I mean we are still in the same range that we were for months. In February we went to 45k and fell to 34k then went back up to 45k and down again and this is the third time we're at 45 so I don't see any bull run yet.

Yes, I think we are in a mini bull run from last month's low. From the chart, it is clear that this growth is much more robust than the previous two spikes. But yes, it's too early to tell since we still have to break through the $ 46k resistance. On a weekly basis, as long as we remain above the $43,000 support, the priority is bullish.

[Sir Legend]

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

I believe we will soon leave $40k to fly higher, daily transaction volume continues to increase and more and more countries are legalizing bitcoin makes us optimistic that by 2022 bitcoin price can reach at least 2x or $80k, focus on continuing to buy and don't sell when losing is the best strategy we have to do.

[Baofeng]

It is still early in the bull run, but I believe bitcoin to break into new territory at some point this year. $40k is now a support line. If the upward rally continues, the price should reach the recent high of $60k before $100k again becomes a realistic objective. A catalyst for the rally in bitcoin is to happen soon. Now is the perfect time to buy for long-term position.

I believe we will soon leave $40k to fly higher, daily transaction volume continues to increase and more and more countries are legalizing bitcoin makes us optimistic that by 2022 bitcoin price can reach at least 2x or $80k, focus on continuing to buy and don't sell when losing is the best strategy we have to do.

We are now settling down to $45k, the price that we should look at right now because this seems to be the common ground for now, not $48k and obviously not $50k.

If this didn't hold for the next 2 weeks, I'm expecting a gradual pull back again and we could retrace to $40k. So hopefully we can have the $45k support holding because it seems the pressure to sell is here again.

[Jating]

~
Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

I am also expecting a major sell out in the meantime by institutional investors who entered the market well before the halving and whenever we see a pump in the market i feel like they will be booking their profits and i really do not think that they will dump everything all of a sudden and they are booking their profits strategically. I am curious to see how long this push will continue before going for a correction and then repeating the same process over again.

Yes, maybe testing the liquidity again that's why the prices really dip after reaching all time high and now we are seeing the same pattern. We reached $48k but slowly, the price is coming down again to the $45k'ish. So obviously the sell-off has started already so I might be right by saying that the market doesn't look good and I'm not comfortable with it's run to $48k. Someone is playing again and taking advantage.

[Yaunfitda]

~
Yeah, but me thinks that this sudden surge of price might not hold and I'm not feeling comfortable with it. It's better to have a steady and slow growth or a massive downturn and and slow recovery.

And so with the current movement, wherein someone is pumping it to even levels of $44k-$45k, we might be getting the traders to the edge and who knows, maybe they are going to be push over the edge in the next couple of months and will decided to sell just to make a quick money specially those who have invested when the price is below $40k.

I am also expecting a major sell out in the meantime by institutional investors who entered the market well before the halving and whenever we see a pump in the market i feel like they will be booking their profits and i really do not think that they will dump everything all of a sudden and they are booking their profits strategically. I am curious to see how long this push will continue before going for a correction and then repeating the same process over again.

Yes, maybe testing the liquidity again that's why the prices really dip after reaching all time high and now we are seeing the same pattern. We reached $48k but slowly, the price is coming down again to the $45k'ish. So obviously the sell-off has started already so I might be right by saying that the market doesn't look good and I'm not comfortable with it's run to $48k. Someone is playing again and taking advantage.

And that's why I remain to be at least bearish this year and not expecting huge runs and price going below $40k is to be expected.

As you have said, there could be pressure now, as the price didn't have any push to reach $50k after going as high as $48k this week.We all know the news about Terra investing huge amount, and then there is the war in the background. So too much is going on inside and outside the market that can affect the price, so we should always be wary of it.