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 $30000.
Just this month alone as starter for 2nd quarter . Bitcoin value drops multiple times bringing it bellow 40k though ot recovered eventually but the essence of this post had been bridged as the price did not carry staying on that level.
But its thankful that even there are dumping happens it made still going up and to the top indeed.
More happenings to cone but i will remain confident in bitcoin positioning this year.
I hope it will stay above 40k$, 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.
Multiple times that Bitcoin had already fall below 40k , just yesterday it did but maintaining to come back in 40k.