Bitcoin price stay above $40000?

[STT]

We have momentum downwards, below the 2 day average BTC price action has failed to venture above a simple measure which for now means we continue negatively.    It has to put that in some doubt for any optimism to appear.   Its not held a higher range, next thing to speculate is holding above prior lows.

[KennyR]

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.

Several times the market tried to break $40000, bit it wasn't able to last long. This has made the price around $38500 to be the mid range resistance. Today this has got broken and it retested it. Failing to reach the mark, now it has been moving around $37500. Maybe further it can test again to go above $38500. Failing to reach will result in touching $35000.

[Fundamentals Of]

snip

Yes, the down is fast and made the price directly jumps down. I did not expect it but fortunately, I already prepared myself before and closed my trade and changed it into short and closed it at $38k

This position still needs observation as the price can go down again and I do not want to buy at a high price so I decided to wait for a while. Meanwhile, bitcoin is down again after touching $39k and makes me just wait. But hopefully, it is just a tester for the price. Oh, this could be like a rollercoaster

If this is a tester, it is obviously a hard test. The price did not only lost hold of $40,000, it slide down to $39,000 and then to $38,000 very quickly. And as though that is not enough, the price right now is already at $37,000. It is barely holding such price in fact. The price could easily go below $37,000 any minute from now.

This is obviously still the bear market. I thought it already ended with the breaking of $40,000 and the surpassing of $45,000.

[TravelMug]

snip

Yes, the down is fast and made the price directly jumps down. I did not expect it but fortunately, I already prepared myself before and closed my trade and changed it into short and closed it at $38k

This position still needs observation as the price can go down again and I do not want to buy at a high price so I decided to wait for a while. Meanwhile, bitcoin is down again after touching $39k and makes me just wait. But hopefully, it is just a tester for the price. Oh, this could be like a rollercoaster

If this is a tester, it is obviously a hard test. The price did not only lost hold of $40,000, it slide down to $39,000 and then to $38,000 very quickly. And as though that is not enough, the price right now is already at $37,000. It is barely holding such price in fact. The price could easily go below $37,000 any minute from now.

This is obviously still the bear market. I thought it already ended with the breaking of $40,000 and the surpassing of $45,000.

And now we are in the lower $37k, os it's really a big test again for the market and we might see another lows in the dumping continues in the next 48 hours.

When we thought that the market has settled down already above $40k, the prices seems to move down because of the negative news coming from the Russia vs Ukraine war.

[Fundamentals Of]

snip

Yes, the down is fast and made the price directly jumps down. I did not expect it but fortunately, I already prepared myself before and closed my trade and changed it into short and closed it at $38k

This position still needs observation as the price can go down again and I do not want to buy at a high price so I decided to wait for a while. Meanwhile, bitcoin is down again after touching $39k and makes me just wait. But hopefully, it is just a tester for the price. Oh, this could be like a rollercoaster

If this is a tester, it is obviously a hard test. The price did not only lost hold of $40,000, it slide down to $39,000 and then to $38,000 very quickly. And as though that is not enough, the price right now is already at $37,000. It is barely holding such price in fact. The price could easily go below $37,000 any minute from now.

This is obviously still the bear market. I thought it already ended with the breaking of $40,000 and the surpassing of $45,000.

And now we are in the lower $37k, os it's really a big test again for the market and we might see another lows in the dumping continues in the next 48 hours.

When we thought that the market has settled down already above $40k, the prices seems to move down because of the negative news coming from the Russia vs Ukraine war.

The price has probably hit lower than $37,000 in some exchanges right now. There might be more downward movements in the hours to come. We will see where the bottom of all this in the coming days and weeks. It seems the price has not yet reached a strong support for now from which it could bounce back.

I doubt the market is plunging because of the Russia vs Ukraine conflict. To make it clear, there is not even a war, is there? Conflicts are everywhere but it doesn't mean the price of Bitcoin has to go down.

[bitterguy28]

This is the market showing Bitcoin price now https://coinmarketcap.com/currencies/bitcoin/ does this looks like the price will stay above 40k? but days ago  the value starts to fall and now staying badly at 36 near 35k . i also doubt that  we will be having a great act for bitcoin followed by altcoins this year.

We have momentum downwards, below the 2 day average BTC price action has failed to venture above a simple measure which for now means we continue negatively.    It has to put that in some doubt for any optimism to appear.   Its not held a higher range, next thing to speculate is holding above prior lows.

it does mate, now 30kish and movement  continuously downing and this is a bad show of act for Bitcoin .

[Mr.Scott]

This is the market showing Bitcoin price now https://coinmarketcap.com/currencies/bitcoin/ does this looks like the price will stay above 40k? but days ago  the value starts to fall and now staying badly at 36 near 35k . i also doubt that  we will be having a great act for bitcoin followed by altcoins this year.

This market doesn't look good enough to stay above $40K. Bitcoin dropped back to $37k.

36500 is a major support level, so I wouldn't be concerned (although I think the trend will be downward). However, the trend is not looking good. Afterwards, we'll wait for the next major support; if that breaks, we'll see more reds. You can't predict when a big buyer may jump in or where there will be shorts.

[btc78]

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 doesn't actually mate https://coinmarketcap.com/currencies/bitcoin/ as looking at the movement? the price keeps in falling  while trying to push to stay above 45k and have not even get close to 50k .

with this behavior i think below 40k is our position this whole year though there might be small pump and dump in the following days/weeks.

just be ready because any time there will be changes and if we will not take the chance to buy or sell then we will not be making any good profit.

[ipanks]

snip

It turned out that my feeling was right yesterday and fortunately, I'm still waiting but I lost a good moment to do short
But that's okay. For now, it might be a good time to wait until the price can reverse upwards and we have to be observant to see opportunities. Hopefully, it will stop at $37k and slowly rise and return to $40k.

[lepbagong]

since the beginning of the year bitcoin is difficult to predict accurately because it is easy to go up and easy to go down. the price is currently at $37,748 and a possible drop below that can and is very likely to happen, if we look at the experience in January which once touched $35K.

It is very difficult for bitcoin to stay above $40K without some good news to encourage confidence in bitcoin, to continue to grow. each time, after improving and reaching the possibility will continue to increase, but it doesn't happen, in fact it gets worse. we hope bitcoin doesn't drop to $30K as it will have a hard time recovering quickly.

[Fundamentals Of]

snip

It turned out that my feeling was right yesterday and fortunately, I'm still waiting but I lost a good moment to do short
But that's okay. For now, it might be a good time to wait until the price can reverse upwards and we have to be observant to see opportunities. Hopefully, it will stop at $37k and slowly rise and return to $40k.

If you made a short yesterday, you must have made some profit as the price had actually went down lower than $36,500. But there are some recoveries seen for now. The price has now gotten past $37,000 and is even approaching $38,000. But there seems to be no sign that this upward direction is going to last until $40,000. I don't trust the way the price is moving right now. It could go back to $36,000 easily anytime.

[TravelMug]

snip

It turned out that my feeling was right yesterday and fortunately, I'm still waiting but I lost a good moment to do short
But that's okay. For now, it might be a good time to wait until the price can reverse upwards and we have to be observant to see opportunities. Hopefully, it will stop at $37k and slowly rise and return to $40k.

If you made a short yesterday, you must have made some profit as the price had actually went down lower than $36,500. But there are some recoveries seen for now. The price has now gotten past $37,000 and is even approaching $38,000. But there seems to be no sign that this upward direction is going to last until $40,000. I don't trust the way the price is moving right now. It could go back to $36,000 easily anytime.

I'm more incline to see the recoveries in the last 24 hours. Again, another surprise by the market run today as the price goes to $38k at certain time frame. Asian market is very busy with the trading so I wouldn't be surprised that maybe in the next 8 hours we will maintain that $38k'ish run that we seen right now. We do hope that the next stop will be $40k at the end of the month.

[Fundamentals Of]

snip

It turned out that my feeling was right yesterday and fortunately, I'm still waiting but I lost a good moment to do short
But that's okay. For now, it might be a good time to wait until the price can reverse upwards and we have to be observant to see opportunities. Hopefully, it will stop at $37k and slowly rise and return to $40k.

If you made a short yesterday, you must have made some profit as the price had actually went down lower than $36,500. But there are some recoveries seen for now. The price has now gotten past $37,000 and is even approaching $38,000. But there seems to be no sign that this upward direction is going to last until $40,000. I don't trust the way the price is moving right now. It could go back to $36,000 easily anytime.

I'm more incline to see the recoveries in the last 24 hours. Again, another surprise by the market run today as the price goes to $38k at certain time frame. Asian market is very busy with the trading so I wouldn't be surprised that maybe in the next 8 hours we will maintain that $38k'ish run that we seen right now. We do hope that the next stop will be $40k at the end of the month.

From $36,500 to $38,000 in a matter of hours is nice recovery already. There's Bitcoin volatility clearly shown for us all. Although this is the good side of volatility happening right now, the other way could happen any time. Either we will get back to $40,000 at the end of the month or slide down once again to the lower part of the $30,000 limit.

These are still exciting times. On the overall, Bitcoin is still bullish with all the rising inflation, Canada chaos, and new players joining the market.

[peter0425]

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so  lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

[rodskee]

Sad to see it happened but indeed that Bitcoin won't last long in 40k level.

I thought last week will be the best movement for bitcoin as the price climb up back to 45k but I am wrong , because now we are seeing the worst movement for bitcoin .

We have momentum downwards, below the 2 day average BTC price action has failed to venture above a simple measure which for now means we continue negatively.    It has to put that in some doubt for any optimism to appear.   Its not held a higher range, next thing to speculate is holding above prior lows.

It was mate and we are now on downwards position , and this will take long right?

[lizarder]

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.

Bitcoin's future confidence will reach more than $40000, as the market is now closer to the recovery of the correction from before, although the support for the recovery has not fully returned to the normal path, but when compared to the previous month, bitcoin is now on the green track slowly, I think for the future bitcoin will find a real recovery, a lot of support that convinces us that in the future bitcoin will return to the green path

[yohananaomi]

.....

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

I hope that the sadness that you anticipate does not last long but there is a bright hope that with the start of many countries recognizing bitcoin will make good news for the development of bitcoin. although it is certainly not easy because we know that bitcoin has made unstable movements from the start and continues to easily fall back even though it has increased.

it's hard to expect bitcoin to stay at a price above $40K, because it keeps going back down and what's currently expected is hopefully bitcoin doesn't drop below $30K, of course it will be bad news and will continue to drag on like you said which will probably be the next month that price will continue to occur.

[ultrloa]

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so  lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

If the war between Ukraine and Russia will come to worse which is currently happening right now then maybe we can see more dumps to come as many people will be afraid on possible crisis scenario and fuds will spread in cryptocurrency scene so I guess the one we need to do is to prepare if major dump came(hopefully not) and prepare for another funds to buy at the cheapest price it may possibly go.

[leea-1334]

We have momentum downwards, below the 2 day average BTC price action has failed to venture above a simple measure which for now means we continue negatively.    It has to put that in some doubt for any optimism to appear.   Its not held a higher range, next thing to speculate is holding above prior lows.

Yes,,, I have to sadly agree here. A lot of people are talking about the greens now and it seems foolish to think a big recovery is on its way just because of some retracement back. I think the bears do not even need to try so hard now because stockmarkets are just pushing every trader confidence down and crypto is only experiencing the shared negativity.

[Silberman]

this thread is now having sense because the price of bitcoin now stays below 40 k and that is what OP is asking actually so  lets assume that this will be the level for the whole quarter or even the next by april to june?

sad to believe but i think we must admit that this situation will get worst in the next following weeks and months.

If the war between Ukraine and Russia will come to worse which is currently happening right now then maybe we can see more dumps to come as many people will be afraid on possible crisis scenario and fuds will spread in cryptocurrency scene so I guess the one we need to do is to prepare if major dump came(hopefully not) and prepare for another funds to buy at the cheapest price it may possibly go.

Unfortunately we cannot do nothing except to assume the worst possible scenario, the world was hopeful that a war could be avoided and the conflicts at Ukraine could be solved peacefully, but now those hopes are broken and this is being reflected in all the markets around the world, and of course bitcoin is being affected by it as well, the question is how long the war will last? As a long war will be bad for the economies of the world that were just recovering from the impact of the pandemic.