Bitcoin $40000 resistance

[Oshosondy]

Not totally full of shit but there are people who are really that confident with their analysis thats why they do really make out some claims on something they are really very sure to happen.

Who are those? We even know that analysts are either correct or wrong. There has been time analysts would say the market will be bullish but bearish will be the market. Even analysts will always give conditions which will be confusing as they will say if the price decreases to a point, it will be bearish, but if it increases to a point, it will be bullish.

The price is been moving sideways on 40k+ or sub price point which it is really hard to determine on where it would really be going thats what makes this market is totally unpredictable

It is not predictable in short term but we all know it is bullish in long term. I heard of bitcoin consolidating and later I read of ethereum that it is also consolidating too, the price of bitcoin rise from $38000 to $43500, but I still think all these are just going to end in bull trap, the market is likely to be bearish soon again.

[btc78]

I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

As a result of unbalanced demand and expenditure, so that bitcoin occurs up and down at a certain price, coupled with other cases that are currently happening make bitcoin corrected until now, so far bitcoin has not shown a correction at the lowest price, this resistance is likely to occur in a certain time, which is caused by events that can affect bitcoin's plunge at its lowest price, but on the other hand this pattern is a new stage of achieving ATH, where in previous years we saw it like that, anything can happen to bitcoin, a volatile market is difficult for us to predict

it is not Unbalanced demand and expenditures mate instead that is Supply and demand , meaning this is how circulation happens and the volatility take effect , and also this indicates How healthy the market is and how Bitcoin is being used in daily basis.

So what if Bitcoin will maintain that 40k position? so what if the price will fall below that even?

the important thing here is that Bitcoin is still in process of making ATH in the long run, no matter how difficult the situation still Bitcoin managed to make climb each time.

[Yaunfitda]

Not totally full of shit but there are people who are really that confident with their analysis thats why they do really make out some claims on something they are really very sure to happen.

Who are those? We even know that analysts are either correct or wrong. There has been time analysts would say the market will be bullish but bearish will be the market. Even analysts will always give conditions which will be confusing as they will say if the price decreases to a point, it will be bearish, but if it increases to a point, it will be bullish.

I can only speculate that those who are confident of their predictions are heavily on the bitcoin side, meaning they have invested so much money that they want to predict it that it will be bullish so that their money will continue to grow. But when the market shows bearish, then continue to preach otherwise, for obvious reasons that they have some narrative behind, so they are biased on their predictions and analyst.

[Dollar_Hunter]

Not totally full of shit but there are people who are really that confident with their analysis thats why they do really make out some claims on something they are really very sure to happen.

Who are those? We even know that analysts are either correct or wrong. There has been time analysts would say the market will be bullish but bearish will be the market. Even analysts will always give conditions which will be confusing as they will say if the price decreases to a point, it will be bearish, but if it increases to a point, it will be bullish.

I can only speculate that those who are confident of their predictions are heavily on the bitcoin side, meaning they have invested so much money that they want to predict it that it will be bullish so that their money will continue to grow. But when the market shows bearish, then continue to preach otherwise, for obvious reasons that they have some narrative behind, so they are biased on their predictions and analyst.

just following the community and investing without knowing trading knowledge,
will certainly be frustrating and create FOMO by spreading the word about prices and other things,

yes that is good, but if FOMO continues it will cause bubbles, like 2017, my advice is to leave Bitcoin prices fly by themselves,
surely the whales will also not let Bitcoin prices fall at low prices again

[Devifajarina]

I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

As a result of unbalanced demand and expenditure, so that bitcoin occurs up and down at a certain price, coupled with other cases that are currently happening make bitcoin corrected until now, so far bitcoin has not shown a correction at the lowest price, this resistance is likely to occur in a certain time, which is caused by events that can affect bitcoin's plunge at its lowest price, but on the other hand this pattern is a new stage of achieving ATH, where in previous years we saw it like that, anything can happen to bitcoin, a volatile market is difficult for us to predict

it is not Unbalanced demand and expenditures mate instead that is Supply and demand , meaning this is how circulation happens and the volatility take effect , and also this indicates How healthy the market is and how Bitcoin is being used in daily basis.

So what if Bitcoin will maintain that 40k position? so what if the price will fall below that even?

the important thing here is that Bitcoin is still in process of making ATH in the long run, no matter how difficult the situation still Bitcoin managed to make climb each time.

That's actually what happened for bitcoin, when supply and demand or demand and spending are not balanced, then bitcoin's volatility will decrease against the cycle, thus forcing the market to be unhealthy, because the market cannot possibly be chaotic, if no one influences, for now and in the future anything can happen for bitcoin, whether it stays in the 40k position or falls lower in price.

but in the long run, I don't think bitcoin is a problem, because the correction process will make bitcoin even better, it could even reach its highest ATH

[farwellbit]

I am thinking history is repeating itself, bitcoin reach ATH of $69000, as of that time till now, bitcoin price has been with net decrease. Bitcoin price reach $50000 and later falled below $40000. $40000 is now the present resistance as the price increased above $40000 and decrease below again. What I am thinking right now is that bitcoin market will not favor the buy side and we do not yet know the extent the downturn can be.

What are you people suggesting, is this time to buy bitcoin or a time to just to have sold and wait for another bull market because this time will be more of the bears than bulls while the bulls are turning to bears making the market not to favor the upside.

Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.

We are all aware of that the price of Bitcoin would go down or face a correction after it has reached an all time high price. Over the years, if you are to follow the chart history of Bitcoin price, this is how it has always been happening: the prize would reach a new all time high, and then it would face a correction that would make it to go down to a lower price again.

And after some years it should also go for another bull run, and that is usually around four to five years. So after the last all time high price we have seen now, we should also be looking forward to a major increase to take place within a few years from now.  So, it is really nothing to be much worried about, because if you should hold for a long term,you’re very sure that you would make profit.

[wiss19]

What happens is that even if good analyses can be found about the market and about what it could do during the short term this is similar to what we see with the weather forecast, when you see the forecast it is announced the day will be sunny, but then if something happens all of the sudden the forecast needs to change as well, so while decent predictions can be found they are at the end speculation based on the data that is known at the time, which is bound to change depending on what the market does after the prediction is made, which is why anyone which declares they know what will exactly happen in the market beforehand is simply lying or exaggerating the accuracy of their system and the predictions it can produce.

They need to do that because that is the only way to retain their service and people won't use them anymore if they provide wrong predictions. People still use them and don't complain anymore because they already know that it's impossible to predict anything accurately but it's easy to predict shorter term outcomes than the longer term because the gaps are quite close enough or in other words they predict more realistically.

For the price of btc, it finally became stable over 40k and I have a sense that it will now go upwards more than downwards. Buying is fine this way but if you will stick on buy low sell high principles, you can wait for a more bigger dip.

[btc_angela]

What happens is that even if good analyses can be found about the market and about what it could do during the short term this is similar to what we see with the weather forecast, when you see the forecast it is announced the day will be sunny, but then if something happens all of the sudden the forecast needs to change as well, so while decent predictions can be found they are at the end speculation based on the data that is known at the time, which is bound to change depending on what the market does after the prediction is made, which is why anyone which declares they know what will exactly happen in the market beforehand is simply lying or exaggerating the accuracy of their system and the predictions it can produce.

They need to do that because that is the only way to retain their service and people won't use them anymore if they provide wrong predictions. People still use them and don't complain anymore because they already know that it's impossible to predict anything accurately but it's easy to predict shorter term outcomes than the longer term because the gaps are quite close enough or in other words they predict more realistically.

For the price of btc, it finally became stable over 40k and I have a sense that it will now go upwards more than downwards. Buying is fine this way but if you will stick on buy low sell high principles, you can wait for a more bigger dip.

I have seen them price over $44k for a brief moment, it's been a long time since we touch this price, so it's very interesting what will be the movement since we topple it already (although it goes down again to $43,900).

I agree with the buy low, sell high principle, this is the most widely used trading strategy for any market. The only problem is that it's hard to time bitcoin, we don't know if we have reach the floor price. So it's better to just do dollar cost average specially if you are just an average investor or just side aside money month for investment.

[Silberman]

Not totally full of shit but there are people who are really that confident with their analysis thats why they do really make out some claims on something they are really very sure to happen.

Who are those? We even know that analysts are either correct or wrong. There has been time analysts would say the market will be bullish but bearish will be the market. Even analysts will always give conditions which will be confusing as they will say if the price decreases to a point, it will be bearish, but if it increases to a point, it will be bullish.

I can only speculate that those who are confident of their predictions are heavily on the bitcoin side, meaning they have invested so much money that they want to predict it that it will be bullish so that their money will continue to grow. But when the market shows bearish, then continue to preach otherwise, for obvious reasons that they have some narrative behind, so they are biased on their predictions and analyst.

Trying to remain objective and to not let your own feelings to cloud your judgment is one of the hardest things that a human can do as we tend to see positively our own actions, so if we are invested in bitcoin then it makes sense that we believe the price will go up in value, but it is important to try to diminish this tendency as much as possible, because if we cannot do that then this will seriously hinder our ability to take the right decision at the right time, something indispensable for a trader.

[Kemarit]

Not totally full of shit but there are people who are really that confident with their analysis thats why they do really make out some claims on something they are really very sure to happen.

Who are those? We even know that analysts are either correct or wrong. There has been time analysts would say the market will be bullish but bearish will be the market. Even analysts will always give conditions which will be confusing as they will say if the price decreases to a point, it will be bearish, but if it increases to a point, it will be bullish.

I can only speculate that those who are confident of their predictions are heavily on the bitcoin side, meaning they have invested so much money that they want to predict it that it will be bullish so that their money will continue to grow. But when the market shows bearish, then continue to preach otherwise, for obvious reasons that they have some narrative behind, so they are biased on their predictions and analyst.

Trying to remain objective and to not let your own feelings to cloud your judgment is one of the hardest things that a human can do as we tend to see positively our own actions, so if we are invested in bitcoin then it makes sense that we believe the price will go up in value, but it is important to try to diminish this tendency as much as possible, because if we cannot do that then this will seriously hinder our ability to take the right decision at the right time, something indispensable for a trader.

That is true, but maybe when you get the experienced, seen the up and down, bulls and bear market, for sure you will know now to take aback regarding your predictions. So I believed that there are still a bull that became conservative in a bear market.

And then goes back to their huge prediction when the market turns into bullish because they know that the price could go "X" growth.