Bitcoin price stay above $40000?

[el kaka22]

It can't be now, even tomorrow but think about that it can be possible in the coming days. I'm not just positive with the market but that can be in reality as we know that Bitcoin had reached $50k in the past before the huge price deduction, and it rise back again just like the old times.

I have no feeling of doubts, Bitcoin will surge back high again only we need to trust and be optimistic. There is no instant recover ever happen in the market, so it is the same scenario to see.

That is the approach we should have. Bitcoin is not something that will drop that easily, we are going to have drops here and there for short term but the long term trajectory will be a high thing and we should be keeping it and hold will always be the best strategy. I have grown my crypto holdings in the past 2 years and I am still doing fine, even after drops after drops, it may not be 68k anymore but it is still profitable for me.

I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

[Johnyz]

Bitcoin is staying above $40,000 right now despite losing more than 7% in a just 24 hours. This is a hard test for this resistance turned support. This is not a highly tested support by the way. It could easily break. We remember how the price just breezed through $40,000 right after it was broken. Now, it is being tested. I hope it won't break. This is more or less a strong fall now. But I am not expecting the price to fall down all the way to $30,000. That's too far down.

Correct, their is tension around the world and all the markets have been severely affected by it. Currently, the price is still above $40,000 but it is on a very dangerous position. Usually these whole number support doesn't end very well, meaning it can be broken very quick. And the only thing we can do is hope that it will hold for at least 48 hours and then see how it will pan out next week.

We’re almost hit the $39k which is very crucial because this might ruin the momentum of Bitcoin on going up again, so let’s watch the price closely and know your position with this because you might miss to cut your losses. There’s a lot of negative issues around the world, mostly having a huge pressure agains Bitcoin, this is why many investors are still hesitant to come back, plus the scare of having a WW3, lot of things to be consider though. Bitcoin should remain intact on $40k, let’s keep this price stable for now.

[7788bitcoin]

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I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

If you have a coin with limited number of coins in circulation you are bound to go higher and if that is the mentality of everyone the world would be a much better place  . Majority of the investors in the cryptocurrency space wants their profit in a short period of time and they see this market as a magic wand to increase their wealth in a short period and hence you hear people crying when there is a correction.

Till now the supporting of $40k is holding up and hopefully we will not see another major sell off, couple of days and we will know what the short term market would be as it is edging close to $40k.

[CaVO32]

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I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

If you have a coin with limited number of coins in circulation you are bound to go higher and if that is the mentality of everyone the world would be a much better place  . Majority of the investors in the cryptocurrency space wants their profit in a short period of time and they see this market as a magic wand to increase their wealth in a short period and hence you hear people crying when there is a correction.

Till now the supporting of $40k is holding up and hopefully we will not see another major sell off, couple of days and we will know what the short term market would be as it is edging close to $40k.

We are now below $40k, but it seems, this is just another challenge for the holders as we can easily go up again to $40k easy. If we really look into hourly or daily movement, we will be stressed or get paranoid from it. If you are here for long-term, don't get too attached in small movements because you would go crazy and may sell off at a loss. If there are positive things happenings around bitcoin, then, there's still hope to increase its value in the future.

[GeorgeJohn]

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.

You are right as the price of bitcoin goes down hard again, it's down to $40k right now from as high as $43k-$44k in the last 24 hours, I haven't check what really happen in the last 24 hours though. But it seems there is a negative news again

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.

I myself was expecting that we can touch $45k, but we failed in our first attempt so I'm thinking that there is a big resistance in front. And surely, in just less than 24 hours, we only not just failed to break it, but the support line faltered at $43k.

We can't conclude because the price of bitcoin always fluctuates in nature, so concluding that the price can get accelerated above forty thousand, i might say its wrong conception from my perspective, it's not that I'm calling for argument or agitation, but the price is base on market structures of cryptocurrency demand and supply, the market is moving with gradual demonstration which we all knows when the were it started it's movement of elevation this period, i have no prediction over it but i know vividly that it will rise more than forty thousand

[coolcoinz]

We are now below $40k, but it seems, this is just another challenge for the holders as we can easily go up again to $40k easy. If we really look into hourly or daily movement, we will be stressed or get paranoid from it. If you are here for long-term, don't get too attached in small movements because you would go crazy and may sell off at a loss. If there are positive things happenings around bitcoin, then, there's still hope to increase its value in the future.

Depends on where you look. One minute we are below, the next one we are above. 40k is not a solid level that if you break to 39900 it somehow becomes invalid and the price will go to 37k or something. First of all a wick is not a break. Price can wick on hourly and still not break the level. You could see it happen when we went above 45k and people were already celebrating that the resistance was broken. Not so fast boys, you need a daily close above the level for it to be broken, and then you need to come back to it to retest it as support. Right now we're retesting 40k and if it holds it's going to be a strong bullish sign.

[Oilacris]

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I mean there is a situation where we are dropping because of "news" but that is short and temporary, whereas the long term things are more permanent and we are going to be getting to 100k and even to 500k one day and that's just matter of time.

If you have a coin with limited number of coins in circulation you are bound to go higher and if that is the mentality of everyone the world would be a much better place  . Majority of the investors in the cryptocurrency space wants their profit in a short period of time and they see this market as a magic wand to increase their wealth in a short period and hence you hear people crying when there is a correction.

Till now the supporting of $40k is holding up and hopefully we will not see another major sell off, couple of days and we will know what the short term market would be as it is edging close to $40k.

We are now below $40k, but it seems, this is just another challenge for the holders as we can easily go up again to $40k easy. If we really look into hourly or daily movement, we will be stressed or get paranoid from it. If you are here for long-term, don't get too attached in small movements because you would go crazy and may sell off at a loss. If there are positive things happenings around bitcoin, then, there's still hope to increase its value in the future.

This is what i do put up in my mind is that there would no assurance on what would be the price.Some saying that it wouldnt go below 40k but we actually are experiencing on going below that price

point but somehow it do holds up and whether it would be going go down further or would simply stop there and make out some preparation before breaking that 50k price point.
No one really knows on what would be the next move, we wont know until there's something happens and this is how this market moves.

[Fundamentals Of]

Bitcoin is staying above $40,000 right now despite losing more than 7% in a just 24 hours. This is a hard test for this resistance turned support. This is not a highly tested support by the way. It could easily break. We remember how the price just breezed through $40,000 right after it was broken. Now, it is being tested. I hope it won't break. This is more or less a strong fall now. But I am not expecting the price to fall down all the way to $30,000. That's too far down.

Correct, their is tension around the world and all the markets have been severely affected by it. Currently, the price is still above $40,000 but it is on a very dangerous position. Usually these whole number support doesn't end very well, meaning it can be broken very quick. And the only thing we can do is hope that it will hold for at least 48 hours and then see how it will pan out next week.

We have seen $40,000 breaking. The price actually fell to $39,600 but that was quickly recovered. $40,000 showed some strength. The price indeed lost hold of it but it didn't cause any further decrease. I was earlier thinking that losing $40,000 would cause the price to slide all the way down to $38,000 or even much lower. $40,000 persisted but the test is still there. It hasn't gone off the danger yet. We will see within the next several hours if it remains strong.

[Oshosondy]

We have seen $40,000 breaking. The price actually fell to $39,600 but that was quickly recovered. $40,000 showed some strength. The price indeed lost hold of it but it didn't cause any further decrease. I was earlier thinking that losing $40,000 would cause the price to slide all the way down to $38,000 or even much lower. $40,000 persisted but the test is still there. It hasn't gone off the danger yet. We will see within the next several hours if it remains strong.

I have not seen $40000 to be persistent, the price just broke $40000 resistance recently which was yesterday, it was above before, the least resistance that traded for like two weeks was $41500. When bitcoin was unable to break $45000 again the second time recently, I have guessed it will be another bear market. If bitcoin did not increase and maintain this $40000 support, let us expect the price to later decrease below $40000 which is the support now, the support may later become the resistance.

[ipanks]

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It's been happening at the moment and if you look at CMC, the bitcoin price is currently down at $39,800-$39,900 levels and it seems like it will continue to fall for a while. But if you look at bitcoin's movement, this is when the bear market returns but hopefully, it won't last long.

I also predicted yesterday that if the price of bitcoin struggles to break through $45,000, bitcoin will go back down for a while but I don't predict the price until it hits $39k as we see today. In today's market conditions, we can buy bitcoin at the price we want.

Bitcoin can continue to fall, seeing the current trend is down so we must remain careful. Hopefully, the support can strengthen again so that the bitcoin price can bounce up and back above the $40k level.

[livingfree]

will the price still decrease further again making it to touch $30000.

It's on this. But it's likely happening every weekend that there's a blood bath and also with Biden's word about the war in Ukraine, it has likely affected the market.

IMO, we're going to retrace and by Monday or Sunday evening, we shall see the recovery of it that could also get its feet back to $41k-$42k.

It's just me having a speculation from my own observation.

[EdenHazard]

will the price still decrease further again making it to touch $30000.

It's on this. But it's likely happening every weekend that there's a blood bath and also with Biden's word about the war in Ukraine, it has likely affected the market.

IMO, we're going to retrace and by Monday or Sunday evening, we shall see the recovery of it that could also get its feet back to $41k-$42k.

It's just me having a speculation from my own observation.

I believe so , we have failed to break 45k since new year drop.

We are trying many times and will do try the same thing next month i guess but yeah for now it seems we are heading to 30k despite it's much nearer to 45k.
Bearish confirmed?
I wish it could go as low as 10k unexpectedly , so we can have a party to bag more bitcoin and get our second chance that we missed back in early 2020.

[STT]

im not sure I would bet on 40k as a minimum.  It will be challenged, I'm watching 39.5k and I want to say this will be the bottom because that would be bullish.   However its more likely we trade far below 40k and later on we do recover this area and in that moment people should bullish then rather then hope and pray we stop here, its a freight train and wont do what we want tbh.

[Ararbermas]

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.

it's definitely impossible to happen on this current situation, because obviously in the lower time frame of bitcoin graph which for short term only, it really showing that bitcoin has no chance to regain strength in just a short period of time in order to make a good uptrend and to achieve our prediction as well.

So we need put more patience mate especially now on this situation wherein market turn into bearish again.

But i suggest dont base on the current situation of bitcoin in short-term wherein must focus on the big picture especially if you have plans for long term because to be honest bitcoin still have a good structure and it really showing that $50000 or higher still possible this year.

[Fundamentals Of]

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It's been happening at the moment and if you look at CMC, the bitcoin price is currently down at $39,800-$39,900 levels and it seems like it will continue to fall for a while. But if you look at bitcoin's movement, this is when the bear market returns but hopefully, it won't last long.

I also predicted yesterday that if the price of bitcoin struggles to break through $45,000, bitcoin will go back down for a while but I don't predict the price until it hits $39k as we see today. In today's market conditions, we can buy bitcoin at the price we want.

Bitcoin can continue to fall, seeing the current trend is down so we must remain careful. Hopefully, the support can strengthen again so that the bitcoin price can bounce up and back above the $40k level.

The first time Bitcoin lost $40,000, it was very quick. $40,000 went back once again. That's why I was thinking that the $40,000 support is quite persistent. But now, it has already been broken clearly. $40,000 has lost its grip already. The price has fallen to less than $39,000. I hope this is not a free fall. For the past hours the movement seems to be going sideways. There must be an almost equal pressure for both buying and selling currently.

[lienfaye]

The first time Bitcoin lost the $40,000 support is quite persistent. But now, it has already been broken clearly. $40,000 has lost its grip already. The price has fallen to less than $39,000. I hope this is not a free fall. For the past hours the movement seems to be going sideways. There must be an almost equal pressure for both buying and selling currently.

Its not surprising to see the price moving downward but I thought $40k would be the support level and the price wont go down further. After reaching the $45k price it seems the market is recovering slowly however it didnt happen consistently and now its back below $40k. The price is unstable and unpredicted hence its better to not expect anything and look forward for whats in the future specially if you are planning to hold for long period and not after for short term profit.

[GreatArkansas]

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.
(........)

I like your numbers but those numbers for me are psychological support and resistance for a very long time, since last year.
So for me, if you can see Bitcoin is having a really hard time staying above $40,000 and that's why every time it tries to break $40,000 and fails, huge dumps are happening.

[bitterguy28]

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.

it is mate, because the last 40k level stays only for 3 days and starts falling again yesterday and look at it now, the price dip at 38-39k value that has been around since the beginning of 2022.

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.

actually this is not possible any time soon , there is a 45k barricade that we had only broken for a couple of minutes and drops back to 44k and now 39k.

this is why we are rest assure that we will stay this level in the next weeks or even months.

[Baofeng]

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.
(........)

I like your numbers but those numbers for me are psychological support and resistance for a very long time, since last year.
So for me, if you can see Bitcoin is having a really hard time staying above $40,000 and that's why every time it tries to break $40,000 and fails, huge dumps are happening.

Usually those are the whole numbers support and resistance level. If we didn't get past that price, definitely it will have to go down. So again, at the start of the week, the price didn't hold up although there are several attempts in the 4 hour time frame to break $40k, but there was not enough push and now we go down to $38k very quick.

[Silberman]

The first time Bitcoin lost the $40,000 support is quite persistent. But now, it has already been broken clearly. $40,000 has lost its grip already. The price has fallen to less than $39,000. I hope this is not a free fall. For the past hours the movement seems to be going sideways. There must be an almost equal pressure for both buying and selling currently.

Its not surprising to see the price moving downward but I thought $40k would be the support level and the price wont go down further. After reaching the $45k price it seems the market is recovering slowly however it didnt happen consistently and now its back below $40k. The price is unstable and unpredicted hence its better to not expect anything and look forward for whats in the future specially if you are planning to hold for long period and not after for short term profit.

The world is too unstable and we are seeing a reflection of this on the markets, the TV and the Internet are filled with news about Ukraine and the possible conflict that we could see, and this is the kind of thing that all markets hate as there is a great deal of uncertainty, so bitcoin despite its strength and its fundamentals is also falling victim of this uncertainty, however assuming that everything is resolved relatively quickly then I think the price of bitcoin could recover and surpass the 40k level again.