Bitcoin price stay above $40000?

[Oasisman]

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 is not something that you worry about especially that you're buying the dip. You sound like you're doubting whether or not correction is something worrying lol.

Anyways, I don't think Bitcoin could actually benefit from the war because of all those economic sanctions. Like what has been discussed on the other thread, Russian fiat currency could actually convert into Chinese Yuan and nobody would ever know it. Bitcoin isn't the only way they're by passing the sanctions, but If they do then it might give a good effect on Btc price.

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[Silberman]

Right now the price is above that level and it seems we are going to close above it today, but things are simply too unpredictable at the moment, the number and the extent of the sanctions that we are seeing against the Russian government is increasing, and while this is the correct thing to do, at the same time this will have a negative effect over the world economy, and we could see another important decrease in the price during the next weeks.

Talk about unpredictability, it happened again. $43k. IMO, this is the time they are buying Bitcoin to keep as their stash rather than in gold or hard cash. This way they could bring it quietly without any questions and also for security. Just remembering the seed phrase is all that matters.
Could this be Ukranians buying it or are this Russians trying to keep their money stay in value while their economy is crumbling? That's all the reason I could see because the spike was too sudden.

Well I was surprised as well by the positive movement in the markets, I think that some people may have thought it was a good opportunity to buy bitcoin as without a doubt the war and the sanctions that are being put forward all over the world are going to have a negative effect on the economy, and even if right now it is too soon to talk about a bull market at least we are back above the 40k level, something that is very positive as despite the decrease in the price we have seen during the last months the price is twice as high as the ATH we reached at the end of 2017.

[fullhdpixel]

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

These type of drops (small ones) tend to be fragile and not really have a long term impact. This doesn't mean that it will skyrocket back up again, but it certainly doesn't mean that it will go down more neither. Usually when bitcoin goes down, it goes down a lot, we lived through those days a lot, we all remember how it could go from 50k to under 40k in a single day, or even hour. So when you are at 41k to 42k or so, and drop to barely under 40k, that doesn't really tell me anything.

I personally hope that we will do better, but it will probably take some time before it goes there. So, we just need to wait and see but meanwhile get your cash ready for a drop, and your stop loss ready as well.

[Jating]

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

We are indeed in the bear market, but at least there is no massive drop just like 2018. I mean the bulls keeps fighting back, just like what we have seen, they trying to maintain the $45k level at least for some time now. So we will see if we can defend the $38k price and then go bounce back to $40k. So there will be another drop in the price in the $35k range. But I don't see it dropping to $25k and if did, then could be a good recovery because that price is very cheap.

[1CentAlsoWorthForMe]

That's OK. For the time being, it may be prudent to wait until the price may turn higher, and we must be vigilant in order to spot possibilities. Hopefully, it will come to a halt around $37k and gradually grow to $40k.

[Silberman]

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

These type of drops (small ones) tend to be fragile and not really have a long term impact. This doesn't mean that it will skyrocket back up again, but it certainly doesn't mean that it will go down more neither. Usually when bitcoin goes down, it goes down a lot, we lived through those days a lot, we all remember how it could go from 50k to under 40k in a single day, or even hour. So when you are at 41k to 42k or so, and drop to barely under 40k, that doesn't really tell me anything.

I personally hope that we will do better, but it will probably take some time before it goes there. So, we just need to wait and see but meanwhile get your cash ready for a drop, and your stop loss ready as well.

We know as a fact that the most common market conditions we can find is a ranging market, and right now it seems this is what we are seeing, the market is undecided which direction to take, it cannot go up by much as there is a war that is still ongoing and anything could happen during the next months and years, however the price cannot go that much lower as people are worried about how their fiat currencies will react, and some still have high hopes for bitcoin in the case we get to see inflation going out of control all around the world, so most likely the market will keep moving like this for some time.

[Fatunad]

Unfortunately today's market drop again so the price of Bitcoin is under $ 40k which is $ 38K, many analysts are convinced that the Red Market will occur throughout the year 2022, even sure Bitcoin prices will drop below $ 25K, but I think Bitcoin always has the opportunity to recover and skyrocket again so I'm not worried even though the market is dropping.

These type of drops (small ones) tend to be fragile and not really have a long term impact. This doesn't mean that it will skyrocket back up again, but it certainly doesn't mean that it will go down more neither. Usually when bitcoin goes down, it goes down a lot, we lived through those days a lot, we all remember how it could go from 50k to under 40k in a single day, or even hour. So when you are at 41k to 42k or so, and drop to barely under 40k, that doesn't really tell me anything.

I personally hope that we will do better, but it will probably take some time before it goes there. So, we just need to wait and see but meanwhile get your cash ready for a drop, and your stop loss ready as well.

We know as a fact that the most common market conditions we can find is a ranging market, and right now it seems this is what we are seeing, the market is undecided which direction to take, it cannot go up by much as there is a war that is still ongoing and anything could happen during the next months and years, however the price cannot go that much lower as people are worried about how their fiat currencies will react, and some still have high hopes for bitcoin in the case we get to see inflation going out of control all around the world, so most likely the market will keep moving like this for some time.

The current situation does prove out that nothing is assured when it comes to price level on where people do keep assuming that the price wont be going below 40k but look at on where we are now? We are indeed having
that ranging market which it is really hard to make out some analysis whether this one would stay for long or something that preparing for some take off into its price but with the current situation we are in or simply with
those fundamentals around then it is really hard to believe on that we would make out some significant movement in price.

[YinShuiSiYuan]

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 looks like your prediction did not come true the first time around, but there is a high probability that this scenario will come true now.
The first drop was slightly below $35k and back above $40k. I think now the drop will be down to the level you predicted, which is $30k, and from there we will climb to $50k.

[KennyR]

The market isn't easy predictable. Today the market tested $40k resistance, but wasn't able to move forward. On retesting the resistance barrier it has fallen down to $39k. Now trading at $38k. This time the FED meeting scheduled for the upcoming week is connected with market decline. Along with this the proposal for the travel rule to keep track of the every transaction amounting €1000+ in cryto also a reason for the price to step down to $40k.

[Silberman]

We know as a fact that the most common market conditions we can find is a ranging market, and right now it seems this is what we are seeing, the market is undecided which direction to take, it cannot go up by much as there is a war that is still ongoing and anything could happen during the next months and years, however the price cannot go that much lower as people are worried about how their fiat currencies will react, and some still have high hopes for bitcoin in the case we get to see inflation going out of control all around the world, so most likely the market will keep moving like this for some time.

The current situation does prove out that nothing is assured when it comes to price level on where people do keep assuming that the price wont be going below 40k but look at on where we are now? We are indeed having
that ranging market which it is really hard to make out some analysis whether this one would stay for long or something that preparing for some take off into its price but with the current situation we are in or simply with
those fundamentals around then it is really hard to believe on that we would make out some significant movement in price.

Even in the current market conditions there are ways to take advantage of the way the market moves but it requires a different strategy, most of the time people use strategies that take advantage of strong trends, whether those trends move upwards or downwards does not matter at all, however when the market is moving like this then we need a strategy that identifies where the resistance and the support levels are and then we can sell or buy respectively when the price gets close to those levels.

[dezoel]

Even in the current market conditions there are ways to take advantage of the way the market moves but it requires a different strategy, most of the time people use strategies that take advantage of strong trends, whether those trends move upwards or downwards does not matter at all, however when the market is moving like this then we need a strategy that identifies where the resistance and the support levels are and then we can sell or buy respectively when the price gets close to those levels.

I would guess that even in the current market situations, the long term people like me are doing fine. I am in profit because I am in it for the long term and have been for a while and the price is still 5x higher than where I bought it, even at the current stage, my averages are fine and I am doing fine. Why? Because I invested early on, and kept on investing no matter what, and this meant that I get to benefit even after it dropped from 68k to lower levels.

Obviously it would be better if I sold it at 68k and bought it back right now, I would have so much more bitcoin, but that doesn't mean that I am not profiting right now neither.

[bitterguy28]

When the price seems to rise above $40k there will be a lot of selling so the market is corrected again, the biggest factor is of course because of the large number of FUDs and as an experienced investor, of course, you are not affected by FUDs so always stay calm and buy more.

Not true, there are no lot of selling happening when the price of Bitcoin reached 40k because this is the stable value of bitcoin nowadays and you can check that clearly so if you say  that there are lot of selling then this must be 20k level now? but have you look at the prices today?
you are totally wrong here.

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What I am seeing here is at least 35-45k is the minimum price of bitcoin this whole year .

[cryptomaniac_xxx]

Even in the current market conditions there are ways to take advantage of the way the market moves but it requires a different strategy, most of the time people use strategies that take advantage of strong trends, whether those trends move upwards or downwards does not matter at all, however when the market is moving like this then we need a strategy that identifies where the resistance and the support levels are and then we can sell or buy respectively when the price gets close to those levels.

I would guess that even in the current market situations, the long term people like me are doing fine. I am in profit because I am in it for the long term and have been for a while and the price is still 5x higher than where I bought it, even at the current stage, my averages are fine and I am doing fine. Why? Because I invested early on, and kept on investing no matter what, and this meant that I get to benefit even after it dropped from 68k to lower levels.

Sure, for those who have seen a lots of up and down, you will really see and will go for long term and thten will just get the profits if needed.

Obviously it would be better if I sold it at 68k and bought it back right now, I would have so much more bitcoin, but that doesn't mean that I am not profiting right now neither.

Same here, sometimes the number plays in my mind if I sold at a all time high. Nevertheless I'm willing to preserved my bitcoin and then just continue to accumulate and wait till the next bull run before I realize and take my profits.

[wozzek23]

When the price seems to rise above $40k there will be a lot of selling so the market is corrected again, the biggest factor is of course because of the large number of FUDs and as an experienced investor, of course, you are not affected by FUDs so always stay calm and buy more.

Not true, there are no lot of selling happening when the price of Bitcoin reached 40k because this is the stable value of bitcoin nowadays and you can check that clearly so if you say  that there are lot of selling then this must be 20k level now? but have you look at the prices today?
you are totally wrong here.

We also had something like this back in 2021 when it was 20k. We had it go to 40k, then go back down, go to 40k then go back down. This happened either 5 or 6 times before it went over 20k and I believe that it is definitely something that resembles the current situation. I am not saying that it will go to 50k+ or even higher, all I am saying is that we are at a point where it "could" happen.

Whenever the price is stuck and doesn't go up properly, and just fails to go above a certain level, that usually means that we are at a place where people could say "enough is enough" and end up skyrocketing the price of bitcoin and that "may" happen right now.

[darkangel11]

The price never stays at one level for a long time. It's maybe 3 months tops and then there's a breakout... or a breakdown

You could see it every time like in last year May - July sideways chopping and a breakout.
Now the last big drop was in January so this or next month it's going to end with a big move. Let's hope the move is up, but even if it is down it's going to be the last buying opportunity before the big boom like in 2018 when it was chopping for months at 6k and then had a drop to 4k which was the best opportunity to get more.

[Silberman]

The price never stays at one level for a long time. It's maybe 3 months tops and then there's a breakout... or a breakdown

You could see it every time like in last year May - July sideways chopping and a breakout.
Now the last big drop was in January so this or next month it's going to end with a big move. Let's hope the move is up, but even if it is down it's going to be the last buying opportunity before the big boom like in 2018 when it was chopping for months at 6k and then had a drop to 4k which was the best opportunity to get more.

At the end that is what distinguishes good investors from the bad ones, we are all experiencing the same market and the same erratic movements so how can we explain that some of those investors can get huge success while others lose everything? And I think the most likely explanation is their decision making ability, bad investors get scared when the price goes down and they even sell their coins, while good investors not only do not get scared but instead see an opportunity to buy even more bitcoin for a discount, so eventually they get more bitcoin which they can later resell for huge profits once the bull market comes back.

[Chato1977]

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.

this is a clear answer that it DOESN"T

https://coinmarketcap.com/currencies/bitcoin/

as the time I am posting this? the price of Bitcoin as at 38k and still dumping a little so it is not what said in the title that 40k is the maintaining value .

rather than seeking for that why not take the advantage of buying more?

[Oshosondy]

rather than seeking for that why not take the advantage of buying more?

I will not say this is the time to buy more bitcoin because it seem more of sell than buy, but if you have long term reasoning about it, then you can buy because bitcoin will increase and you will gain, but I see now as a time the price may favor the bears than bulls, if you noticed before, bitcoin was pumped from around $36000, $37000 and $38000 to over $40000 for like four or five times, but if you notted recently which happens like 12 hours ago, it was pumped to $39900, this has been the new resistance nownand seeming like bitcoin price is drastically falling for now.

[Raymond Gary]

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.
texting 40k and staying above is very possible for my opinion ,but I would like to see Bitcoin test $28k-25k Monthly pattern and the retest of 20k level broke since 2020 that has never been retested and too ,for liquidity that has long been accumulating around $28k,30k,35k to be grabbed.

[dunfida]

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.

This market involves up and down which it is a time on where you do make out specific actions for you to make profits.We couldnt just have a market that would be having continuous price rise and its

expected that there would really be these volatility or price movements.Now we are even struggling on breaking 40k resistance point whom we had though that this would already be the solid support.

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