Bitcoin $40000 resistance

[Oshosondy]

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.

[carlfebz2]

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

When dealing with this market then there's no assurance about accurate information because no one do able to predict on what would happen ahead thats why it is really hard to make out predictions because no matter

how good your analysis would be but still  this market could really fucked you up thats why on every move that you would make would be having corresponding risk and it would be really no assurance.
So when you do make a move like buying back on cheaper price wouldnt assure that you do make out a good decision.

[Yaunfitda]

Not really sure what kind of "accurate" prediction you are asking because there are none, everyone is just making wild educated guess.

So I guess short term goal is to break that $40k resistance and maintain it.

Long term, at least get to $50k, but I doubt that we will reach new all time high for this year as obviously, we are going into a huge retracement or as others may have to put it, we are in a bear market.

[rhomelmabini]

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 can't say if it's bulls or bears are dominant this time, a trap is most likely just on the other side of the story. No one can predict a very volatile market as it's hard tbh, I can say that DCA is the best thing to do for the most part of where we are right now, that's literally what I am in.

[goaldigger]

This is just a prediction and there’s no accurate details for this one even if you analyze the market, that can’t still any guarantee to you. Bitcoin is trying to stay above the support level and now aiming to break the resistance.

If $40k can be break, we can expect for another bullish trend. Breaking Resistance level is always a good sign of bull trend. Bitcoin will do its break to make this happen, but of course we need new money to come into this market and invest again with Bitcoin.

[GreatArkansas]

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

For the technical side, I can say that $40,000 is the resistance now and $30,000 is the support. So, it's up to you how you trade or buy, are you buying dips or breakouts? This is very difficult, but I highly suggest you to try to analyze to like basic chart analysis or some fundamentals or basing on the price history of Bitcoin, it will help you to decide.

[Silberman]

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.

If there is one thing that is scarce when the market is moving the way it is moving is accurate information, at this point everyone is speculating about what the market will do and what we should do ourselves based on those predictions, personally I do not believe the price will go through a sustained decrease, we may see a correction or two but the market will react quickly and recover, however a bull run is out of the question as well, so I expect the market to move like this for weeks if not months.

[bittraffic]

There is really no assurance where the bitcoin market will go while there is still war and what is coming yet. There might just be a bigger event coming. While you want to make money from speculating the market, you could also make a big mistake when you put all your funds into investing. The price could still go down the road as war prolongs.

If this war escalates, into a bigger situation we all could be suffering from products that don't reach out in our country which you may need more paper money than investing it. The resistance I see is $45k.

[Oceat]

There is really no assurance where the bitcoin market will go while there is still war and what is coming yet. There might just be a bigger event coming. While you want to make money from speculating the market, you could also make a big mistake when you put all your funds into investing. The price could still go down the road as war prolongs.

If this war escalates, into a bigger situation we all could be suffering from products that don't reach out in our country which you may need more paper money than investing it. The resistance I see is $45k.

They said war would help Bitcoin to pump yet I only saw a temporary pump last week and it dip faster than I thought. I think we are in a bear market already if it's hard to break the $40k or $45k resistance then most likely we are going in a bear market soon. But for TA it doesn't show a bear sign yet but a normal movement of the market as traders making their own profit.

To OP, there is no accurate prediction in this very volatile market, you only make an educated guess based on TA or FA.

[sheenshane]

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

You've already said it, you believed on Bitcoin that there could be an ATH so it means Bitcoin will increase by your belief.
There's no one exactly give you an accurate answer to this because we know Bitcoin is unpredictable and as I suggest invest only of what you can afford and can willing to wait until your profit was there.

There's a lot of technical analysis that we heard but all of them are predicting the market.  Considering that no one of them accurately can guess what will happen in the future.  Just take my advice above if you believe in Bitcoin.

[uneng]

There are all the kinds of predictions around, you just have to pick one of them.
We are living a very unstable scenario of an eternal economical crisis that never ends, followed by a global pandemic, followed by a war which we don't know yet where it will drive us. Nobody can give accurate answers, even the authorities are unable to do so. If you trust bitcoin's potential and see it can be an useful tool to protect your money against devaluation on long run, go for it.

But if you are fearful of crypto and don't see a bull run happening on the following year, you may put your money somewhere else, like buying gold, a piece of land or a house/apartment, if you have enough money.

[Dave1]

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.

We've seen the downturn already, the lowest low so far is $33k this January if my memory serves me right. So imagine we have a of time, so there is a big possibility that the price could go down still below $40k.

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.

Hard to say, for average joe like the majority of us, maybe some of them are buying when the price hits below $40k. Or maybe they are waiting for the price to go down a bit, like the $35k that we witnessed a couple of days ago. So for now, I think the good buying price is $35k and below. But for whales, it might be a different story, I mean they have deep pockets so everything the price goes down, tendency is for them to buy and accumulate more BTC.

[Wexnident]

Well, waiting never fails you imo, if you're in no rush to take profit in then yea, just wait. I'm of the opinion that we'd see steady movements for the next few months, ups and downs there but it wouldn't deviate much from where we are right now. Shorts might profit off of that, but hodlers wouldn't really get anything out of it. Still stand by my current strategy of going for DCA though, hasn't failed me yet and I don't think it ever will.

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

Accurate doesn't mesh well with speculation imo.

[traderethereum]

Maybe history has repeated itself this year but what is different is that the price of bitcoin keeps going up and down repeatedly and still providing benefits for us.
If the bitcoin price can drop below $40,000, it's time to buy bitcoin but not buy ALL-IN because it's too risky.
I don't have accurate information because we can't predict where bitcoin will move.
We can only get ready to set a buy or sell target based on our analysis.
Right now is probably a good time to sell some of the bitcoins we have and if you can sell your bitcoin at a high price, you can place a buy for under $40,000.

[Oshosondy]

If the bitcoin price can drop below $40,000, it's time to buy bitcoin but not buy ALL-IN because it's too risky.
I don't have accurate information because we can't predict where bitcoin will move.
We can only get ready to set a buy or sell target based on our analysis.
Right now is probably a good time to sell some of the bitcoins we have and if you can sell your bitcoin at a high price, you can place a buy for under $40,000.

I understand your strategy, it is a good one, buying at $40000, but not with all investment capital, it can be ¹/₄ of your investment capital, to be able to prepare if the market dip more below and buy more at certain price. But what I am just thinking is that bitcoin will fall below $40000, the price has started increasing since 10 hours ago as now at $42100 and still increasing, but I still think the resistance at $40000 is strong as it is also more likely the price will fall below $40000 again. You have a good investment advice.

[LogitechMouse]

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.

Accurate information = certainties isn't it since you are asking for an information that has a high chance to happen. Well, certainties in the market is irrelevant and not applicable because it is only possibilities that can happens. We know that no one knows what will happen.

I remember my 2 friends just last week who bought Bitcoin at its peak. They shared it to me and told the mistake that they've done. Now they are a lose since thy bought at the peak. I just suggested to buy Bitcoin when the price is near or below $40,000 at least the risk is lesser and the reward is higher. Bitcoin will rise again and reach new ATH. Its only a matter of time when it will happen.

Just right now, Bitcoin is at the $42,000 price because of the leaked statement coming from Biden with regards to crypto but I doubt that it will sustain it because this might be a false breakout and we will go below $40,000 again in the next few days.

[aoluain]

In this current climate with war raging between Russia and Ukraine and sanctions
from pretty much every country globally towards Russia its very hard to make
an analysis on the markets.

This is virgin territory for Bitcoin as was COVID. This is what I'm thinking:

If the Bitcoin market drops below $35k I'll put my current DCA investment capital
into Bitcoin because I'm thinking as inflation continues to increase and the threat
of a global recession is around the corner there should be more demand to secure
and move wealth

[buwaytress]

You sure do a lot of thinking for someone asking us all for our "accurate" predictions. I mean, sure, I think of all the things you do, we're here on Bitcointalk so either are actual Bitcoin users (ha), actually hold or trade (but I know how to identify the regulars in Speculation) or we're just shooting the wind.

Here's my entirely gut-based analysis, which hasn't changed much over the past year:
- supercycle is bye-bye. The long rally from point A (2017 ATH) and point B (2021 ATH) was unlike any other ATH range in the past. Longest period, with smallest percentage gain, with the most gentle curve up.
- because of previous point, can't say if we're still in the long rally, or headed down for multi-year "winter". I'm thinking the latter, only because post-pandemic, post-fossilfuelwar pain is yet to come
- pricing in for next halving to start next year, and halving's my bible for ATH onset. So no more intense joy from now til 2025.

(May the markets prove me wrong)

[Reid]

You know there is no accurate analysis about the Bitcoin market, right?
I am just thankful it went back to $40k+ and this might avoid the panic that had been happening whenever it goes down $30k+. IMO, buy rate will rocket up at this point since they are again witnessing a chance for another bull.
If you are having doubts for buying now then do not do so. Just HODL what you have because no one is sure where it will fluctuate again this moment.
Consider the world events if it attracts a bull.

[cryptomaniac_xxx]

And yet the price did break the $40k resistance today. It is surprising? of course, but it just shows that the so called resistance could be broken if there is some positive news around, same when there is some FUD the price will falter. So no need to sell at this point, much better to just really hold and look for the long term. At least, it will not complicated things on our part, instead of selling today and wait for the price to go down and then buy.