Bitcoin touched $43k, from $33k in two weeks

[Kemarit]

In my opinion, the price of bitcoin will still experience a bullish trend in the midst of a green market like today. Although later the price will drop occasionally and that is only natural because crypto prices often experience rapid increases and decreases. Therefore it seems that the next bitcoin price target will be around $48k within this week.

There will be a lot of ups and downs before we can get to $48,000 at least. It seems that the market has stagnated to $43,000 for this week. Maybe the bulls doesn't have the final push or the market is on a wait and see basis. Usually this happens if we go and try to break a big barrier like $45,000 and then we fail. So we will see if the bullish trend will continue, but I wouldn't be surprised if we are going on a sideways pattern.

True. We are used to witness volatility in Bitcoin market that I consider an opportunity to make money by proper risk management and avoiding impulsive decisions. last week Bitcoin was down because of negative news coming from Ukraine but this weeks seems good and most likely we will see closing of  weekly candle above 46K.

I think it is still $45,000 to broken first, and then we can talk about $46,000 and higher.

The Ukraine news seems to be fading away as the market perform very good the start of the week. Hopefully we can close this week with a good rebound and who knows, there could be another shock for us this week. Because as far as TA (RSI strength) is concern, this could be another bull run for us.

The current price is $44,212 so its already close breaking its next resistance at $45k price level. If there will be a good push by next week like having positive news that will leave huge impact, then bitcoin will not only hit $45k but it will be heading for a $50k price level. I guess this time, having a bull trap is less likely to be more possible since the market has started to be more stable again, along with potential altcoins too. At the end of the day, there will only be two possible paths, that we are heading to another bull season, or we are heading back into another price correction if the market is affected again by the insignificant news and updates.

We do hope that it will break that big barrier because so far in the last two day,s the price keeps on teh $44,000 range and there is not enough push heading to $45,000. We even had the price going below to $43,500 so I guess we will have to wait for that $50,000 price against. I will agree that we need some positive news to break that barrier, but so far we haven't had one so maybe we will see it trading sideway for the rest of the week.

[STT]

Its just failing the weekly average, pushed back to monthly average and below the 50 day average which is probably most important measure of the three for momentum in BTC price action.
  Regaining the 50 day average, keeping above the monthly also would be bullish reaction.  My doubts come from the higher volume seen in the sell off but if we trade above and stay there then it can recover.  Also dollar isnt much higher.

[Dave1]

Its just failing the weekly average, pushed back to monthly average and below the 50 day average which is probably most important measure of the three for momentum in BTC price action.

And as we loses this averages, we might see the price losing it's support as well.

But it's good to see that the bull are fighting it out above $40k line, as we all know this is very important line of support. Losing this will obviously means that the price will go sub $40k again and we don't want that to happen because it will cause another panic in the market.

[ShowOff]

And as we loses this averages, we might see the price losing it's support as well.

But it's good to see that the bull are fighting it out above $40k line, as we all know this is very important line of support. Losing this will obviously means that the price will go sub $40k again and we don't want that to happen because it will cause another panic in the market.

$40K is not meant to be a strong support at the moment in my opinion as it is likely to be breached if panicked traders in response to negative issues persist. I don't know what the reason for the decline this time after a few days ago had risen to $45K, but I would still consider it a reasonable correction for bitcoin.

As long as the panic isn't tempered by bad negative news then $40K can still be expected to hold, at least. But considering bitcoin can dump its price by more than $5K in a day then $40K is very weak support at the moment.

[carlisle1]

Its just failing the weekly average, pushed back to monthly average and below the 50 day average which is probably most important measure of the three for momentum in BTC price action.

And as we loses this averages, we might see the price losing it's support as well.

But it's good to see that the bull are fighting it out above $40k line, as we all know this is very important line of support. Losing this will obviously means that the price will go sub $40k again and we don't want that to happen because it will cause another panic in the market.

No doubt if the market failed to hold that range panic will follow, fear will form bearish market and the aftereffect to weak holder

is nothing but to lose their money, though for experienced traders the sway will give them another good opportunity to buy knowing or believing

that the market will bounce back and give them the benefit that they are aiming.

[darewaller]

$40K is not meant to be a strong support at the moment in my opinion as it is likely to be breached if panicked traders in response to negative issues persist. I don't know what the reason for the decline this time after a few days ago had risen to $45K, but I would still consider it a reasonable correction for bitcoin.

As long as the panic isn't tempered by bad negative news then $40K can still be expected to hold, at least. But considering bitcoin can dump its price by more than $5K in a day then $40K is very weak support at the moment.

I do not think that there is a panic in the market right now, it is totally understandable to see something like this happen after a big increase. 40k is not a strong support but it is not a bad one neither, so it would not be easy to break it, certainly not hardest to achieve neither but not easy too. It means that there is a good chance we may end up seeing the price go up after this.

It could just be a simple correction and then price would continue to go up. We need to get rid of people who are selling for a profit right away and we will continue with people who think it will go up. You have to sometimes do stops here and there to let some people get off on their stops and then you can continue to rise.

[ShowOff]

I do not think that there is a panic in the market right now, it is totally understandable to see something like this happen after a big increase. 40k is not a strong support but it is not a bad one neither, so it would not be easy to break it, certainly not hardest to achieve neither but not easy too. It means that there is a good chance we may end up seeing the price go up after this.

It could just be a simple correction and then price would continue to go up. We need to get rid of people who are selling for a profit right away and we will continue with people who think it will go up. You have to sometimes do stops here and there to let some people get off on their stops and then you can continue to rise.

It's good that there was no panic during this dip but today $40K has broken out despite currently trying to recover above $40K. A recovery can be expected after this correction, but the slow movement makes the recovery last longer.

We can expect the best in the long term but I believe we really have to weigh the risk of loss in the short term especially if we are not long term investors. Since mid-February to now bitcoin has lost almost $5K in price and I think the decline will continue until the end of this month "hope I'm wrong".

[STT]

Its breaking down a bit today and the volume is higher with the lower prices also which helps confirm the break of the trend up we had since the bottom pricing.   Does appear we need to go through a larger recovery to get past all of this.  Dollar was up today


Below 50 day and monthly averages.   Use 39.5k as a tide mark, if we do maintain that as a low for this weekend going into Monday, I would then be more optimistic of resolution at this price rather then a breakdown, we can build from there.

[bots1]

I think, in the midst of market conditions that are no longer filled with fear and increasing optimism in the crypto market, bitcoin is starting to show an improving performance where the price of bitcoin has increased significantly until it breaks the resistance level in the range of $40k. The current price increase indicates that we are back in a very strong bullish trend and the bitcoin price may be heading towards the $45k price level in the near future.

[beerlover]

We are going to be doing better in the long run. We are not going to end up with a low price forever without going up, it is going to be fine in the long run. You should not really get worried about anything like this just because the price went down. Just focus on the future and you will realize that in the long run the price always goes up and we should not be really doing anything that would be terrible for all of us.

I am doing fine and I will do fine right now because I keep buying whenever the price goes down and I will be doing a lot better in the long run as well because I like to hold it as long as I have to. That doesn't mean that I would want it to be zero, it just means that the drops could be advantage for you.

[TheUltraElite]

I think, in the midst of market conditions that are no longer filled with fear and increasing optimism in the crypto market, bitcoin is starting to show an improving performance where the price of bitcoin has increased significantly until it breaks the resistance level in the range of $40k. The current price increase indicates that we are back in a very strong bullish trend and the bitcoin price may be heading towards the $45k price level in the near future.

Currently the price is increasing but I was hoping to see lower prices so I could buy at even lower prices. Optimistic is good to hear but breaking 40k again seems difficult to me considering the current global conditions.

45k should not be thought of now. We should focus on buying at lower and strength the 35k and 30k levels first.

There will be ups and downs and the market will keep moving. We have to cope with that and get panicky by these movements. The key is to keep your nerve when the market goes down again.

[Rimueng]

After last week the price of bitcoin decreased to the $34k area, but now the price is back up in the $39k range. But it seems that the price of bitcoin is still experiencing obstacles to rise again to the $43k area. I think the price of bitcoin still has the potential to drop to the $35k area.

[cryptomaniac_xxx]

After last week the price of bitcoin decreased to the $34k area, but now the price is back up in the $39k range. But it seems that the price of bitcoin is still experiencing obstacles to rise again to the $43k area. I think the price of bitcoin still has the potential to drop to the $35k area.

The biggest barrier is $40k, we might cross it though, but not sure how strong is the support at this price as the volume is not that big in my opinion.

So let's see if we break that price and sustained it. It's almost the start of March, and if I'm not mistaken, this month is not that good either for us, might be better to really expect the unexpected again, in my opinion.

[lepbagong]

The challenge of bitcoin is getting stronger in the future, the war of Russia and ukraine made many investors from these 2 countries immediately secure their assets, unfortunately the market today corrected again and fell below $40k, but I'm optimistic that in March the price will stabilize above $40k .

what is needed now is according to what you said, hopefully in March bitcoin can be at a stable price at $ 40K and not experience a decline again.
bitcoin's continued streak of breaking through from $30K+ to $40K+ is certainly a sign that bitcoin is looking to continue to rise, but that strength isn't there and has to go back down. currently going into early march again doing the same thing, hopefully it will hold and it doesn't fall back below $40K.

The conflict between the two major countries that contributed to bitcoin quite well, of course, at least clearly affected the many people who panicked and continued to sell. hopefully this conflict is not prolonged and can make good news for bitcoin.

[uneng]

After having experienced a price increase in the range of $44k the last few days, now the price of bitcoin is back to Breakdown and the price has dropped to the level of $39k. Therefore, if bitcoin is not able to hold on to the current price area, then it is possible that the bitcoin price will drop significantly again and will most likely fall to the level of $32k.

Possibly. The support level of 40,000$ is already over. Bitcoin wasn't able to hold position inside that price range, and now investors can get pessimistic for the next days, increasing btc sales and decreasing the purchases.

Anyway, I don't expect a negative trend to remain over bitcoin for too long right now. With important events happening worldwide and with btc at a cheap price, it looks the perfect scenario for speculators start pumping it again soon. At least for short term profit, like we have seen in the fluctuations last week.

[buwaytress]

From $33k up to $43k is the biggest increase since new ATH in november 2021, this proves that bitcoin investment can skyrocket and earn big profits even when the market looks like a negative trend, and I'm sure in 2022 there will be new ATH at least 3 times .

Hate to feed the shitposters but nothing proves anything except that anything can happen in Bitcoin. And as much as I like green candles as much as anyone, I always feel it's always likelier to drop than to rise. Fact that Bitcoin spends the majority of its time coming down and not climbing up actually "proves" this.

Still, remind me of how right you are if/when we get 3 ATHs over the next 9 months.

[19Nov16]

The increase from $33 to $43 or more than 25% has happened several times, even when in 2013 it was up more than 129% and until now it was the highest bitcoin day increase record that I have ever known, this proves that bitcoin has good power to skyrocketed so I'm not afraid to invest and hold in the long term.

[Imranbutt44]

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

I would not call it a bull trap or a bear trap. 30% movement of bitcoin in two weeks is just normal especially when you expect most volatility because of the Ukraine Russia war crisis.

[Vaskiy]

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

I would not call it a bull trap or a bear trap. 30% movement of bitcoin in two weeks is just normal especially when you expect most volatility because of the Ukraine Russia war crisis.

What we've been experiencing from the beginning of the month is out of the Russia-Ukraine war impact. This has made the market more volatile for the traders to profit. Apart, the increasing usage of cryptocurrency at times make the market bounce and reach the peak. Market volatility relative to an incident will lead to growth after the specific incident or after the market correction which happens after every peak price.

[AmoreJaz]

Bitcoin has pumped by 30% in last two weeks as the value of bitcoin was $32917 (lowest on that day) on 24tg January 2022 and it touched $43000 today and this can't be bull trap as its a sure signal that Bitcoin is rallying towards $50k once again.

I thought it's a bull trap but there will not be a leverage of 30% for bulltrap and I have decided to invest back into crypto and infact cashed in once it crossed $42k. What's your take on Bitcoin price?

I would not call it a bull trap or a bear trap. 30% movement of bitcoin in two weeks is just normal especially when you expect most volatility because of the Ukraine Russia war crisis.

What we've been experiencing from the beginning of the month is out of the Russia-Ukraine war impact. This has made the market more volatile for the traders to profit. Apart, the increasing usage of cryptocurrency at times make the market bounce and reach the peak. Market volatility relative to an incident will lead to growth after the specific incident or after the market correction which happens after every peak price.

apart from this war crisis, some news like Biden Issues Long-Awaited US Executive Order on Crypto or this latest -Bitcoin-Banning Measure Seen Too Close to Call in Tomorrow's EU Parliament Vote, will contribute in this up and down movement seen this month. but this war has definitely contributed in this roller coaster ride.
if you are a short-term trader and claim to have skills on it, this is your time to show these skills and earn from it.