Bitcoin price stay above $40000?

[Oshosondy]

Seeing the trend that has occurred since touching almost $70k then this is a long time record, bitcoin looks stable in the $35k-$45k range, for daily trading of course this is better than prices that continue to skyrocket because there is no opportunity to buy or vice versa when the price continues to decline so it can not take profit.

That is true, the price looks less volatile recently, but there would be a time the price would be more volaltile and this can be anytime, any day or any week. Traders should be careful and use a lesser margin and prepare for this. It is true though that the price recently not volaltile, it is not even up to $45000 for bitcoin price recently and not down to $35000, the volatility has been around $37000 and $42000. But there is possiblity that the price of bitcoin may go down way than up way in my opinion though.

Currently  the investors and market is very confused and doesn't know which direction to head to because of the issues around the world, and it's obviously seen in the chart.

What issue around the world are you talking about? I see no issue right now. Investors should never get confused, bitcoin ATH was $69000, the price has been reduced to $39000, then they can invest if they have long term plan of investment. They can divide the money into parts, investing as the market price is decreasing so it will favor when bitcoin price starts to increase.

[19Nov16]

In 2022 bitcoin looks stable at an average of $38k, for those who are used to daily trading of course this is very profitable because it can get profit, but I prefer to hold long-term or at least another year and am optimistic that it can pass the record highs that have occurred in the month November 2021.

[SirLancelot]

Seeing the trend that has occurred since touching almost $70k then this is a long time record, bitcoin looks stable in the $35k-$45k range, for daily trading of course this is better than prices that continue to skyrocket because there is no opportunity to buy or vice versa when the price continues to decline so it can not take profit.

Daily trading could be making a lot of money during this period for sure, buying at a bit lower and then selling a bit higher and keep doing that each time it goes down and up would make you a great profit. However, it could also cause you to lose a lot of money if you are on the wrong side.

There are plenty of people who sell at 38k because they fear it will go down even more, and buy at 42k because they think it will go up more and repeat that. Not too many times in a row obviously but they still do that. I feel like we should not be really that much in trouble. Just let it be for the time being and I am sure that it will go up eventually and long term investors will win as well.

[boyptc]

Somehow we are really that making out some positive movement as of this writing but dont anticipate much that price would be shooting up.

And it just hit $41k again.

This is the positive development that we're seeing right now. I don't know the reason for it but it's just probably the usual market reaction from what we're seeing which includes the war.

Maybe this is the reason for it, Ukraine is about to legalize crypto.

--> https://www.coindesk.com/policy/2022/03/16/ukraines-zelensky-signs-virtual-assets-bill-into-law-legalizing-crypto/

[kawetsriyanto]

In 2022 bitcoin looks stable at an average of $38k, for those who are used to daily trading of course this is very profitable because it can get profit,

No, Bitcoin price wasn't stable around $38k since the first day in 2022. The price of Bitcoin ever increased about $47k and dropped around $33k. The gap was quite large, it was $14k. So, we cannot claim that Bitcoin price was stable at a certain rate/price. In addition, since the price dropped from $47k to $33k, the price seems hard (difficult) to return to $47k again. Those who accidentally traded or bought at $47k, still can recover their losses, right?



Source: https://www.coingecko.com/id/koin_koin/bitcoin/usd#panel

[Sayeds56]

I am been having doubt recently that the price of bitcoin may not stay long above $40000, it is like the market is full of bears than bulls or maybe the bulls have become bears for this time until the next bull phase. Bitcoin increase some days ago above $45000, it decreased back to $41500, then increase again yesterday to $44500. I have predicted that if the price do not touch $45000 and above for now, that it is possible the bears will dominate and which is happening. Since yesterday, the price of bitcoin has slightly been on the decreasing side.

Everyone is expecting bitcoin to get to $50000 again, but I am thinking this is not possible for now, I know the price will increase above $50000 but I think it is not now. But what I am mostly thinking about right now is that will $40000 be a support for bitcoin or will the price still decrease further again making it to touch $30000.

FED announcement of Interest rate increase @0.25% though caused Bitcoin price dipped below 40K but it was recovered quickly and now Bitcoin is trading around 41K which is good sign. Next resistance on weekly chart is around 42,800. I think now the main issue is war in Ukraine which has grossly impacted all financial markets including Bitcoin and further price increase will certainly depends on negotiations  progress and peace is restored in Ukraine.

[Chato1977]

Somehow we are really that making out some positive movement as of this writing but dont anticipate much that price would be shooting up.

And it just hit $41k again.

This is the positive development that we're seeing right now. I don't know the reason for it but it's just probably the usual market reaction from what we're seeing which includes the war.

Maybe this is the reason for it, Ukraine is about to legalize crypto.

--> https://www.coindesk.com/policy/2022/03/16/ukraines-zelensky-signs-virtual-assets-bill-into-law-legalizing-crypto/

even Russia is looking at this phase mate , legalizing Bitcoin same as how Ukraine is planning .

What i believe is that hitting 41k is not enough in our position now, maybe it is better to stay above 45k and may climb high more as the years moving .

though I hate admitting that dropping below that price may happen any moment again.

[kotajikikox]

Bitcoin price back Under $40k again but i think bitcoin price will above $40k+ end of February. I still believe bitcoin price movement correction. 2021 bitcoin price was under $30k similar time but now bitcoin price around $37k+ i hope bitcoin price grow up again this year and i hope bitcoin development wil more increase also.

Bitcoin is doing just fine staying above 40k, definitely there's a correction but I think that it's nothing to worry about, hopefully by that time that it happens, I would be able to buy a small amount and hopefully get a decent profit. Just hodl and hope that the price will go up and it definitely will because there's the war in Europe right now and bitcoin can benefit from it if Russia gets more economic sanctions in them.

correction for what? why does always correction need to be mentioned even if there is no good increase happens?
and also why people keeps on seeking about the effect of correction when the price of bitcoin only climb 3-7%?
remember that this is not altcoin that traders use as material , instead most of bitcoin supporters are holders that can afford to Hold for at least longer time.

[boyptc]

Somehow we are really that making out some positive movement as of this writing but dont anticipate much that price would be shooting up.

And it just hit $41k again.

This is the positive development that we're seeing right now. I don't know the reason for it but it's just probably the usual market reaction from what we're seeing which includes the war.

Maybe this is the reason for it, Ukraine is about to legalize crypto.

--> https://www.coindesk.com/policy/2022/03/16/ukraines-zelensky-signs-virtual-assets-bill-into-law-legalizing-crypto/

even Russia is looking at this phase mate , legalizing Bitcoin same as how Ukraine is planning .

What i believe is that hitting 41k is not enough in our position now, maybe it is better to stay above 45k and may climb high more as the years moving .

though I hate admitting that dropping below that price may happen any moment again.

We have no idea if it's going to stay there for so long.

If it can't handle $40k then $45k is unlikely to be held when it comes. Whether we like it or not, the volatility of bitcoin cannot be predicted accurately.

And that's what we like to see for its price, to be always at a higher level because that makes the value that we hold higher.

[Quidat]

Bitcoin price back Under $40k again but i think bitcoin price will above $40k+ end of February. I still believe bitcoin price movement correction. 2021 bitcoin price was under $30k similar time but now bitcoin price around $37k+ i hope bitcoin price grow up again this year and i hope bitcoin development wil more increase also.

Bitcoin is doing just fine staying above 40k, definitely there's a correction but I think that it's nothing to worry about, hopefully by that time that it happens, I would be able to buy a small amount and hopefully get a decent profit. Just hodl and hope that the price will go up and it definitely will because there's the war in Europe right now and bitcoin can benefit from it if Russia gets more economic sanctions in them.

correction for what? why does always correction need to be mentioned even if there is no good increase happens?
and also why people keeps on seeking about the effect of correction when the price of bitcoin only climb 3-7%?
remember that this is not altcoin that traders use as material , instead most of bitcoin supporters are holders that can afford to Hold for at least longer time.

Even it do plays around 3-7% on volatility which is a normal movement in the market but whether you do like it or not there are people who do love to play with these movements
and make money out of it.They dont really care about crashes and pumps as long they could make money out of these small movements. For those who do hold for long term
then these movements wont really be that stressful either but for swing traders then t hey are usually ones who do make out these questions in mind and hesitate
whenever it do move on particular percentages.

[OgNasty]

Every dip below $40,000.00 seems to be shorter and shorter lived.  You can see the floor rising as investors look to continue gaining exposure to Bitcoin.  This is a much healthier market in my opinion than the blasting to new highs we've seen in the past.  No idea how long this accumulation period will last, or if it will continue unabated through the dumping of mtgox coins on the market, but I have a feeling once the accumulation period does end, we'll be blasting to retest the all time high.  I'm not sure if this will happen this year or another 3 years from now, but it seems like the rocket is being refueled.  I wouldn't sell more than you need to survive the next couple of years here.

[7788bitcoin]

Every dip below $40,000.00 seems to be shorter and shorter lived.  You can see the floor rising as investors look to continue gaining exposure to Bitcoin.  This is a much healthier market in my opinion than the blasting to new highs we've seen in the past.  No idea how long this accumulation period will last, or if it will continue unabated through the dumping of mtgox coins on the market, but I have a feeling once the accumulation period does end, we'll be blasting to retest the all time high.  I'm not sure if this will happen this year or another 3 years from now, but it seems like the rocket is being refueled.  I wouldn't sell more than you need to survive the next couple of years here.

It is same thought process majority of us have, it is good to see that we are still seeing accumulation by huge numbers but it is hard to say whether we will test the all time high valuation anytime soon nor have a clue when we will see a major correction as the market is doing good right now and whenever there is a correction, the market is accumulating and it is a good sign until we see a major flip in the sentiments.

[Sayeds56]

Every dip below $40,000.00 seems to be shorter and shorter lived.  You can see the floor rising as investors look to continue gaining exposure to Bitcoin.  This is a much healthier market in my opinion than the blasting to new highs we've seen in the past.  No idea how long this accumulation period will last, or if it will continue unabated through the dumping of mtgox coins on the market, but I have a feeling once the accumulation period does end, we'll be blasting to retest the all time high.  I'm not sure if this will happen this year or another 3 years from now, but it seems like the rocket is being refueled.  I wouldn't sell more than you need to survive the next couple of years here.

Absolutely right. Every dip below 40K is a buying opportunity for long term Investors of Bitcoin. Market has already discounted news of 0.25% increase of interest rate announced by FED yesterday. I think accumulation phase will continue until we get some good news from Ukraine which is inflating crude oil price and cause decline in all financial markets including Bitcoin as there is strong co-relation between US stock market and Bitcoin, nowadays.

[Sir Legend]

Bitcoin prices that are too high make speculators continue to buy so that will make prices continue to rise, the good thing is there is a balance that sells because they feel profit and this keeps the price ideal, I prefer the $40k bitcoin price as it is today because I think this is a good price to buy and keep for the long term.

[jostorres]

Bitcoin is doing just fine staying above 40k, definitely there's a correction but I think that it's nothing to worry about, hopefully by that time that it happens, I would be able to buy a small amount and hopefully get a decent profit. Just hodl and hope that the price will go up and it definitely will because there's the war in Europe right now and bitcoin can benefit from it if Russia gets more economic sanctions in them.

correction for what? why does always correction need to be mentioned even if there is no good increase happens?
and also why people keeps on seeking about the effect of correction when the price of bitcoin only climb 3-7%?
remember that this is not altcoin that traders use as material , instead most of bitcoin supporters are holders that can afford to Hold for at least longer time.

If there's no increase we can assume that the price is just getting stable. It's wrong to say correction if there is no major increase in value IMO because that is not what correction all about. Correction is a part of this market, that is why people always mentioned it.

There's a correction that happened in the beginning of this year and it last for almost two months if I am not mistaken? But, during the month of march, the correction are I think have subsided. One of these days what we are seeing now is recovery and stableness. The reason is explained by them above, on why they seek correction, that's because they want to buy bitcoins in a bargain price.

[Webetcoins]

Bitcoin is doing just fine staying above 40k, definitely there's a correction but I think that it's nothing to worry about, hopefully by that time that it happens, I would be able to buy a small amount and hopefully get a decent profit. Just hodl and hope that the price will go up and it definitely will because there's the war in Europe right now and bitcoin can benefit from it if Russia gets more economic sanctions in them.

correction for what? why does always correction need to be mentioned even if there is no good increase happens?
and also why people keeps on seeking about the effect of correction when the price of bitcoin only climb 3-7%?
remember that this is not altcoin that traders use as material , instead most of bitcoin supporters are holders that can afford to Hold for at least longer time.

If there's no increase we can assume that the price is just getting stable. It's wrong to say correction if there is no major increase in value IMO because that is not what correction all about. Correction is a part of this market, that is why people always mentioned it.

There's a correction that happened in the beginning of this year and it last for almost two months if I am not mistaken? But, during the month of march, the correction are I think have subsided. One of these days what we are seeing now is recovery and stableness. The reason is explained by them above, on why they seek correction, that's because they want to buy bitcoins in a bargain price.

Unfortunately people keep calling for correction as soon as the price goes up. When the price is going down, there are people who say that it is crashing and everyone should run away, and when it goes up they say the correction is coming.

Correction does happen at some times, there is no denying that and I agree that there are corrections here and there all the time. However, if we look at it in a way where we could make a profit based on what we know right now, those corrections are prices where we could accumulate more and profit later. Imagine if you went all in at under 40k and sold at 40k for the past 2 months, how many times did it go down and up? You would have profited so much.

[macson]

In 2022 bitcoin looks stable at an average of $38k, for those who are used to daily trading of course this is very profitable because it can get profit, but I prefer to hold long-term or at least another year and am optimistic that it can pass the record highs that have occurred in the month November 2021.

in the last few months the price of Bitcoin has been very stable and has moved between $34k - $42k, to be honest for day traders this is a golden time to make profit from day trading.  just like you, i also see the potential for bitcoin to $60k+ in Q3 or Q4 2022 later.

[Sayeds56]

In 2022 bitcoin looks stable at an average of $38k, for those who are used to daily trading of course this is very profitable because it can get profit, but I prefer to hold long-term or at least another year and am optimistic that it can pass the record highs that have occurred in the month November 2021.

in the last few months the price of Bitcoin has been very stable and has moved between $34k - $42k, to be honest for day traders this is a golden time to make profit from day trading.  just like you, i also see the potential for bitcoin to $60k+ in Q3 or Q4 2022 later.

True. Stability in Bitcoin price is not only good for day traders but also good for those who are alts and waiting for rally in Alts market. I am already witnessing some bullish momentum like Luna, AVAX and BNB and Matic. 40K is an important physiological level of Bitcoin and if it stays above it for few weeks then we can see further increase in Bitcoin price in coming weeks.The next important level is 45K.

[darewaller]

Stability in Bitcoin price is not only good for day traders but also good for those who are alts and waiting for rally in Alts market. I am already witnessing some bullish momentum like Luna, AVAX and BNB and Matic. 40K is an important physiological level of Bitcoin and if it stays above it for few weeks then we can see further increase in Bitcoin price in coming weeks.The next important level is 45K.

The great thing about stability is that you could make arrangements to accumulate a lot more without getting confused. I mean most of the time all we do right now is to get more and more coins. This means people are still sure about the price of crypto going up, they just do not do it all together at the same time with "all-in" mentality.

We just accumulate, slowly gather more and more with small amounts constantly and this keeps it from going down. It means when the price goes up, there will be a lot more people who will profit from this than previous years. I mean we had some crazy good ATH prices, but the next one will make a lot more people rich.

[Oshosondy]

in the last few months the price of Bitcoin has been very stable and has moved between $34k - $42k, to be honest for day traders this is a golden time to make profit from day trading.  just like you, i also see the potential for bitcoin to $60k+ in Q3 or Q4 2022 later.

What if expecting bull market but the Q3 and Q4 becomes more of bears market? What I am thinking is that even 2x correction is never enough is we check the history of bitcoin price chart. Bitcoin might not get to $14000 or below, it might not even reduce below $20000 to $30000, but I do not think bitcoin reaching even $50000 will ever be possible again this year but anything can happen the and we should think more in the bullish direction when there some correction already.