Bitcoin price stay above $40000?

[lepbagong]

I think, for now, I see growing positive sentiment that could push the Bitcoin price up to $50k. Even the Bitcoin price has risen above the $40k level to its current $47k position. Therefore, I estimate that the bitcoin price will likely continue to rise and the bitcoin price will likely touch $55k again.

I agree with you, that it leads to the positive if you see from March 17th, it seems that bitcoin is indeed heading for improvement and is trying to continue to increase.
the price of bitcoin from that date has indeed continued to stay above $40K, unfortunately the moment when it reached $47K had to go back down and currently the price is at $42K.
will it move up again? Of course, if bitcoin doesn't fall back below $40K, there's a very big chance of breaking through $50K which will hopefully continue to rise again.

[Baofeng]

Bitcoin is holding in the 38-45k range for now. I think that after it has fallen below 44k we should expect the next stop to be around 40k. So far, we see pressure from those who want to sell and we don't see any big purchases. This is not a good sign. It could be that 48k turned out to be a local peak and now bitcoin is off to find new support. Hopefully this correction will not be too deep!

Even though many speculators have forecast Bitcoin moving back to below the 40k region a lot of other whales are taking advantage of the current market to stock more in their bag as the market seems too big for a long period of correction stage and I can right predict $50.000 Bitcoin price before the end of the first quarter.

Isn't it though that the best way to stack up bitcoin is during a dip? I think those who are taking advantage as pure speculators who just wanted to squeeze profits due to bitcoin's volatility right now. From $48k to $42k, someone might have sold at the top to make money and then reinvest, sold again, rinse and repeat. And I doubt that the whales will do that. I speculate that the whales have bought a lot when the price is around $33k-$35k and then continue to hold at this time.

[bittraffic]

Bitcoin is holding in the 38-45k range for now. I think that after it has fallen below 44k we should expect the next stop to be around 40k. So far, we see pressure from those who want to sell and we don't see any big purchases. This is not a good sign. It could be that 48k turned out to be a local peak and now bitcoin is off to find new support. Hopefully this correction will not be too deep!

Even though many speculators have forecast Bitcoin moving back to below the 40k region a lot of other whales are taking advantage of the current market to stock more in their bag as the market seems too big for a long period of correction stage and I can right predict $50.000 Bitcoin price before the end of the first quarter.

Isn't it though that the best way to stack up bitcoin is during a dip? I think those who are taking advantage as pure speculators who just wanted to squeeze profits due to bitcoin's volatility right now. From $48k to $42k, someone might have sold at the top to make money and then reinvest, sold again, rinse and repeat. And I doubt that the whales will do that. I speculate that the whales have bought a lot when the price is around $33k-$35k and then continue to hold at this time.

Them buying at $33K, they wouldn't be afraid to sell at $45K ad wait til it drops back to $37K where the support is. I'm sure whales are still selling this time and squeezing what they could profit from investors who are going to be force to sell at loss. Bad luck for investors that had bought at the top expecting the price to go up because of the good news they saw on social media. I think it will go below $40K again.

 

[fullhdpixel]

Isn't it though that the best way to stack up bitcoin is during a dip? I think those who are taking advantage as pure speculators who just wanted to squeeze profits due to bitcoin's volatility right now. From $48k to $42k, someone might have sold at the top to make money and then reinvest, sold again, rinse and repeat. And I doubt that the whales will do that. I speculate that the whales have bought a lot when the price is around $33k-$35k and then continue to hold at this time.

Them buying at $33K, they wouldn't be afraid to sell at $45K ad wait til it drops back to $37K where the support is. I'm sure whales are still selling this time and squeezing what they could profit from investors who are going to be force to sell at loss. Bad luck for investors that had bought at the top expecting the price to go up because of the good news they saw on social media. I think it will go below $40K again.

But, it would be better if they can wait for more increase before they sell because that can give them a better profit. If they sell now they are only helping the whales with their plans and that is to dump the market. Almost everyone expects that the price will rise after that news that we saw and if I have the money I think I will also do the same thing.

We shouldn't call that a bad luck because there is still a chance that the price is going to recover and increase more. In this business, there shouldn't be a room for regret but we should accept whatever happens after we decided to sell and buy because this market is very volatile and have lots of surprises.

[Vaskiy]

Bitcoin touched the crucial support of $39200. From that it have bounced reaching close to $40k. Right now it looks like the time to make profit out of scalping. It looks like the market can move downwards/upwards. If downwards below $38k then we can expect the worst scenario of touching $30k and if upwards then we can expect it to reach $50k at the earliest.

For now it looks like $40k to be the major resistance barrier to decide whether the market is on the bullish move or on the bear trend.

[Yaunfitda]

Bitcoin touched the crucial support of $39200. From that it have bounced reaching close to $40k. Right now it looks like the time to make profit out of scalping. It looks like the market can move downwards/upwards. If downwards below $38k then we can expect the worst scenario of touching $30k and if upwards then we can expect it to reach $50k at the earliest.

For now it looks like $40k to be the major resistance barrier to decide whether the market is on the bullish move or on the bear trend.

The support becomes the resistance now, we thought that $40k is a strong support but it did crumble to the selling pressures.

Hopefully we can go back to the $40k line again, otherwise, if the market didn't hold obviously we might see another downward shift to mid $30k and this is going to be scary and critical again. We've seen lowest low as early as January-February, we might see it again this Apr-May.

[STT]

Continued weakness says we need to retract further and find greater support before any turn around can happen.   Its not a good idea to fight continued trend and it appears we do have trend to the downside.
  We haven't held the 50 day average, if anything its acting as we lost a grip or foothold at that point and now find path of least resistance is downwards.     Try 37800 for a point BTC might act more positively, 40k imo is not big enough beyond momentary moves and obviously rounds number effect.

[ice18]

A good thing in the last few days because bitcoin continues to rise and almost reaches $50k again, the daily transaction volume that continues to increase makes me optimistic that in april bitcoin prices can reach $60k and of course there will be new ATH again before june or my forecast is April to May.

I hope you are right, month of April seems to be always bullish so hopefully btc will hold strong at 40k support, Im a patiently waiting for a bottom to enter a good position this time, looks like ready to bounce anytime.   

[rodskee]

It is sad that today this thread are broken and the price of bitcoin once again drops down below 40k https://coinmarketcap.com/currencies/bitcoin/ i felt desperate because i badly needed funds now and before i decided to withdraw ? the price already fell down this bad.
and also Bitcoin isn't really subjective to maintain this momentum.
maybe I will sell my altcoins instead of Bitcoin because the value continues to drop and i need to assure that when the Bull comes back ? i am ready for selling .

[Oasisman]

A good thing in the last few days because bitcoin continues to rise and almost reaches $50k again, the daily transaction volume that continues to increase makes me optimistic that in april bitcoin prices can reach $60k and of course there will be new ATH again before june or my forecast is April to May.

I hope you are right, month of April seems to be always bullish so hopefully btc will hold strong at 40k support, Im a patiently waiting for a bottom to enter a good position this time, looks like ready to bounce anytime.  

Not really that bullish.
Though looking at the price from the last 5 years I have compiled the highest Btc price for the month of April

source : CMC.com
It seems like Btc tends to rise on the 4th week of the month having a consistent gain from day 1 to the 30th. This year's price action may be a bit more volatile than from the previous years.
My prediction would be at least $46k-$50k as the highest of April before this month ends.

[bitterguy28]

A good thing in the last few days because bitcoin continues to rise and almost reaches $50k again, the daily transaction volume that continues to increase makes me optimistic that in april bitcoin prices can reach $60k and of course there will be new ATH again before june or my forecast is April to May.

I hope you are right, month of April seems to be always bullish so hopefully btc will hold strong at 40k support, Im a patiently waiting for a bottom to enter a good position this time, looks like ready to bounce anytime.   

Mate you created this post while the price of Bitcoin is under 40k , specifically 39,560$ meaning that Bitcoin did not stay 40k , so your hope is invalid i guess?
but now it has recovered back and sitting at 40,200$ as i speak.
but still in bad position because we are aiming for at least continuity from 48k to 50k .

[Sayeds56]

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.

I think the main reason is fear of interest rate increase announcement by FED as inflation number are going to be extra ordinary high, as reported in media. This news  is affecting negatively on Stocks and Bitcoin markets but at the same time Crude are price is also sliding now and it is trading below $100 which will definately lower inflation world wide in coming weeks and months. The other reason is 30% tax on crypto goes into effect.

[btc_angela]

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.

I think the main reason is fear of interest rate increase announcement by FED as inflation number are going to be extra ordinary high, as reported in media. This news  is affecting negatively on Stocks and Bitcoin markets but at the same time Crude are price is also sliding now and it is trading below $100 which will definately lower inflation world wide in coming weeks and months. The other reason is 30% tax on crypto goes into effect.

Yeah, I also believed that this is one of the reasons for the recent decline in price. So it sent panic shockwave to institutional investors and retail as well. And then we still have the war at the sideline.

Good thing though is that the market seems to rebound again today, short rally to push the price above $40k again.

[asrinur]

I think so far Bitcoin has been moving in a transition phase from correction to strengthening. I see the current rise in the price of bitcoin indicating that bitcoin is back in a bullish phase. Therefore, the bitcoin price will stay above $40k for a long time and also bitcoin will be able to breakout in the $50K area.

[dunfida]

I think so far Bitcoin has been moving in a transition phase from correction to strengthening. I see the current rise in the price of bitcoin indicating that bitcoin is back in a bullish phase. Therefore, the bitcoin price will stay above $40k for a long time and also bitcoin will be able to breakout in the $50K area.

Really hard to determine considering that bitcoin now is playing around 40k resistance.It could really make out some minimal break out and then afterwards it do drop on 37-39k which is something that i had observed.

It do really even have the hard time on going past 45k which to those people who had able to buy into those prices are really making some holding position unless if they had realized and made out some cut losses.

Price movement is really unpredictable and very random which it is really that hard yet it could fucked up your technicals from time to time.

[Shasha80]

I think so far Bitcoin has been moving in a transition phase from correction to strengthening. I see the current rise in the price of bitcoin indicating that bitcoin is back in a bullish phase. Therefore, the bitcoin price will stay above $40k for a long time and also bitcoin will be able to breakout in the $50K area.

Really hard to determine considering that bitcoin now is playing around 40k resistance.It could really make out some minimal break out and then afterwards it do drop on 37-39k which is something that i had observed.

It do really even have the hard time on going past 45k which to those people who had able to buy into those prices are really making some holding position unless if they had realized and made out some cut losses.

Price movement is really unpredictable and very random which it is really that hard yet it could fucked up your technicals from time to time.

It is true that Bitcoin movements are increasingly difficult to predict, I am also surprised that Bitcoin always moves not according to the results of
the analysis I did. But because I already have a good knowledge of the crypto world and also have a strong belief in the future of Bitcoin. I'm not
too worried about Bitcoin's current performance, although there is a possibility that Bitcoin will still drop even lower, I will still be patient holding
the Bitcoin I have. Even if I had extra money, I would buy more Bitcoins right now. So my advice is not to be too quick to make a decision to cut loss
in the current market situation, we should continue to monitor the movement of Bitcoin in the next few weeks. I hope that in the near future there
will be good news regarding Bitcoin, in order to at least make the price of Bitcoin go back above the $45k price.

[chikading2016]

I hope it will stay above 40k$, but if it goes down theres nothing we can do we need to hold or else we will loss golden rule is never sale at loss holding is the most important in crypto, if you don't have a strong hands to hold then do trading daily to avoid losing holding really needs a big patience.

[Baofeng]

Isn't it though that the best way to stack up bitcoin is during a dip? I think those who are taking advantage as pure speculators who just wanted to squeeze profits due to bitcoin's volatility right now. From $48k to $42k, someone might have sold at the top to make money and then reinvest, sold again, rinse and repeat. And I doubt that the whales will do that. I speculate that the whales have bought a lot when the price is around $33k-$35k and then continue to hold at this time.

Them buying at $33K, they wouldn't be afraid to sell at $45K ad wait til it drops back to $37K where the support is. I'm sure whales are still selling this time and squeezing what they could profit from investors who are going to be force to sell at loss. Bad luck for investors that had bought at the top expecting the price to go up because of the good news they saw on social media. I think it will go below $40K again.

But, it would be better if they can wait for more increase before they sell because that can give them a better profit. If they sell now they are only helping the whales with their plans and that is to dump the market. Almost everyone expects that the price will rise after that news that we saw and if I have the money I think I will also do the same thing.

We shouldn't call that a bad luck because there is still a chance that the price is going to recover and increase more. In this business, there shouldn't be a room for regret but we should accept whatever happens after we decided to sell and buy because this market is very volatile and have lots of surprises.

That might be the case, but you can't really blame those who are going to sell because of panic and then pushing the sell button and realized that they might have wrong. But they are too emotional to follow the sentiments to dump.

So it's all about the timing of your sell and buying. For sure there is room for regrets, selling early and then the price goes up, that's the nature of crypto for us. We don't know what's going to happen next. The best thing is turning that regrets to experience and not make the same mistakes again.

[Marvell1]

I hope it will stay above 40k$, but if it goes down theres nothing we can do we need to hold or else we will loss golden rule is never sale at loss holding is the most important in crypto, if you don't have a strong hands to hold then do trading daily to avoid losing holding really needs a big patience.

40k resistance level is considered important during this period, if Bitcoin is not maintained at 40k and falls below 40k perhaps the market will have a strong dump maybe 35k$ before Bitcoin dropped to 30k. Sometimes the market falls, we only hold and wait for the market to rise again, but if it is a wise investor when the falling market will be a great opportunity to own Bitcoin at cheap prices.

[Rasa nanas]

I hope it will stay above 40k$, but if it goes down theres nothing we can do we need to hold or else we will loss golden rule is never sale at loss holding is the most important in crypto, if you don't have a strong hands to hold then do trading daily to avoid losing holding really needs a big patience.

the previously formed support line was $43k but what happens is that the price continues to move downwards and currently the bitcoin price is stable at $40k. and now it looks like $40k has become the new support as the price has been stable for a long time. Seeing this condition I think in the next few days the price will move up again.