Bitcoin $40000 resistance

[el kaka22]

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.

In reality, making money from bitcoin (and most crypto) is incredibly easy on paper, and very difficult for most people when actually doing it. You want the key to get rich? Alright, save 10% of your money and put it on some stablecoin, or better yet directly fiat on some exchange. Then start buying whenever bitcoin goes down, and keep buying as long as it keeps going down, then stop and hold when it is high. Keep doing that with your money for 20 years and you will retire as a wealthy person, not just rich but wealthy.

Because, if you buy bitcoin on each and every bottom, and keep saving money aside like that, it means you will end up with thousands of dollars put into bitcoin at the bottom, and waiting at the peak 20 years later when you want to retire. Now this "sounds" easy, but watch how everyone gets into panic mode whenever bitcoin price drops.

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[carlfebz2]

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.

Its currently $41k as of this moment and it did really hit  42 as i had seen earlier but it wont really be that an assurance that we would really be staying on this level or this is some sort of testing out this resistance.

It isnt really that assured that we would be reaching 50k soon and this is a very common behavior of  this market which is really that unpredictable.Now, it is really hard to consider whether we do sell out for profits

or wait up further more increase.We dont see any news or sentiments around except that Russia-UK war and the rest cant be seen.

[KennyR]

The market price of Bitcoin have bounced good. The positive news from the war between Ukraine and Russia seems the reason for the sudden recovery of the price. Ukraine have announced that we won't join NATO and announced that they're ready for talks. Once after this incident, the price of bitcoin grew from the range around $38k and crossed $40k. Once again it tested the major resistance area and trades around $42000. Maybe if there happens more positive news we can see regular rise than decline in the market.

[Fundamentals Of]

These are uncertain times. I personally consider these uncertain times the best of time to buy Bitcoin. The COVID pandemic is not yet gone. As a result, the economy is still not yet fully recovered. Debts are piling to unprecedented levels. Money printing has been at its fastest. Inflation is now reaching beyond moderate levels. War is happening. And there is the uncertainty that things will stop in Ukraine. Troop buildups are taking place in neighboring countries. There can't be a better time to hide our wealth in Bitcoin.

[peter0425]

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.

Downrun ? am not sure that we really have because like what you said there is a possible resistance of 40k this year.

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.

what will our suggestion happen to do ? will people buy if we suggest? common mate this is a desperate belief if you think this will help something.

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

ATH again? we knew that this only happens to mostly every 4 years .

[traderethereum]

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.

We assume the price of bitcoin drops below $40000 as you might expect. That will be a good time to buy but you may buy with 1/4 of your investment capital.
Then we wait for the price movement and if the price continues to fall, we prepare some money to buy again.
But in my opinion, there is a possibility that the resistance at $40000 will move elsewhere and we have to be careful to see it.
At the moment, I think the ups and downs of bitcoin prices provide an opportunity for us to make profits rather than holding them for too long but it goes back to the investment strategy we want.
If you want to make bitcoin a long-term investment, then the ups and downs of bitcoin prices are not a problem.

[Oshosondy]

ATH again? we knew that this only happens to mostly every 4 years .

Do not get me wrong, it can be in long time before ATH can be attained, but I am speculating only on short time that in long time, ATH will still be achieved.

These are uncertain times. I personally consider these uncertain times the best of time to buy Bitcoin.

What I am thinking is that so far bitcoin price can fall 5 times of its original price or more after previous three halving, if $69000 is the ATH, it makes me to think it is still possible bitcoin will fall below $30000 and a time when it may fall to almost $20000. I may not be rcorrect but just what I analysed.

[Chato1977]

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.

Just hang in there mate , in this kind of market there is no best way but to keep holding and let our funds stay for long time from now.

because we might see another dumping in which we will feel guilt? or we will see bullrun and we will see success .

[Ararbermas]

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

keep holding if you still have bitcoin in your wallet mate, because market is gradually gaining strength on this current situation despite of fluctuation. And there are already some respected key levels in the support using higher time frame which means a positive sign that there will be possibility bitcoin will bounce back in the near future, So be patient.

However if you want to buy more bitcoin , i suggest wait for more results or confirmation and never buy against the trend because it can cause losses afterwards especially when there's a fluctuation. So always remember to follow the trend when it comes buying to assure the results will be fine.

[fzkto]

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

keep holding if you still have bitcoin in your wallet mate, because market is gradually gaining strength on this current situation despite of fluctuation. And there are already some respected key levels in the support using higher time frame which means a positive sign that there will be possibility bitcoin will bounce back in the near future, So be patient.

However if you want to buy more bitcoin , i suggest wait for more results or confirmation and never buy against the trend because it can cause losses afterwards especially when there's a fluctuation. So always remember to follow the trend when it comes buying to assure the results will be fine.

What do you think the trend is right now?

I see that we are now in a local uptrend with frequent corrections, we cannot get above 40k. Buying volumes are starting to emerge. But if we look at the global picture, we have been falling with bounces since November 2021. So it is not quite clear at what levels you are suggesting to buy.

[Kemarit]

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

keep holding if you still have bitcoin in your wallet mate, because market is gradually gaining strength on this current situation despite of fluctuation. And there are already some respected key levels in the support using higher time frame which means a positive sign that there will be possibility bitcoin will bounce back in the near future, So be patient.

However if you want to buy more bitcoin , i suggest wait for more results or confirmation and never buy against the trend because it can cause losses afterwards especially when there's a fluctuation. So always remember to follow the trend when it comes buying to assure the results will be fine.

What do you think the trend is right now?

I see that we are now in a local uptrend with frequent corrections, we cannot get above 40k. Buying volumes are starting to emerge. But if we look at the global picture, we have been falling with bounces since November 2021. So it is not quite clear at what levels you are suggesting to buy.

Actually we did get above $40,000, the thing is that it is not sustainable in the short term. And we know that if the price didn't sustain it's run, it's like catching a falling knife and that's what happen right now.

The November 2021 all time high is one for the books already. And it will take another 2-3 years before we can finally see another all time high. For me the trend is really bearish, IHMO.

[FairUser]

The recent market volatility can be stressful for you. Personally, I find it exhausting to see so many people asking about the future of the bull market We have had a happy 2021 with the market, so it would be too greedy to expect the market to rise as much as we want to get assets , let's relax about everything happy and sad happening in the future. The short term will end soon, then we only have gloom , I'm still optimistic 3, 5, 10 years from now...

[bittraffic]

The recent market volatility can be stressful for you. Personally, I find it exhausting to see so many people asking about the future of the bull market We have had a happy 2021 with the market, so it would be too greedy to expect the market to rise as much as we want to get assets , let's relax about everything happy and sad happening in the future. The short term will end soon, then we only have gloom , I'm still optimistic 3, 5, 10 years from now...

Not happy to wait 3-5 years when the prices of products inflate particularly the gasoline price.
It's the altcoins like Luna and Waves that are having a bull run though. I don't think a lot of us are really going to dive into that market in full because it started shooting up. The majority of the traders are going for BTC.

Flash spikes and dumps happening very quickly, it's almost obvious that it is manipulated so if you are in the futures market, you probably will lose quickly.

[bitgolden]

keep holding if you still have bitcoin in your wallet mate, because market is gradually gaining strength on this current situation despite of fluctuation. And there are already some respected key levels in the support using higher time frame which means a positive sign that there will be possibility bitcoin will bounce back in the near future, So be patient.

However if you want to buy more bitcoin , i suggest wait for more results or confirmation and never buy against the trend because it can cause losses afterwards especially when there's a fluctuation. So always remember to follow the trend when it comes buying to assure the results will be fine.

What do you think the trend is right now?

I see that we are now in a local uptrend with frequent corrections, we cannot get above 40k. Buying volumes are starting to emerge. But if we look at the global picture, we have been falling with bounces since November 2021. So it is not quite clear at what levels you are suggesting to buy.

We do keep on breaking that above 40k price constantly, but we also keep on dropping under it as well. I have been in crypto for a long time and I can tell you that anything could happen. However, if you want to know what is the most frequent thing that happens, I can tell you that it has been "drop first, then go up" in cases like these.

Whenever the price gets stuck between failing to go up to a stage and failing to go under a stage, and just keeps getting stuck. What happens is a big fall at first, and then a big increase later on. So, I am guessing if it were to be under 35k somehow in the next days of march, and then be like 45k+ or so in April, I would not be shocked.

[crzy]

After the good news from Dubai and USA with regards to legalizing Bitcoin, I believe the price will soon break that resistance volume in $40k. The recent tension between Russia and other countries open an opportunity for Bitcoin to take over the market, though it is still down for now but this good news are really big, good money will come into this market again and the price will start to recover.

[Fundamentals Of]

These are uncertain times. I personally consider these uncertain times the best of time to buy Bitcoin.

What I am thinking is that so far bitcoin price can fall 5 times of its original price or more after previous three halving, if $69000 is the ATH, it makes me to think it is still possible bitcoin will fall below $30000 and a time when it may fall to almost $20000. I may not be rcorrect but just what I analysed.

What has the reward halving got to do with the possibility that the price will fall down below $30,000 or near $20,000? We are still in March of 2022. The last halving took place in May of 2020 and the next one will happen on block 840,000 which will probably be in the early part of 2024. So in other words we are in the middle of the last halving and the next halving. So why should the next halving influence its price in the next weeks and months? I think there are stronger influences surrounding the price right now than the reward halving.

[adaseb]

Lately the markets are very difficult to trade. Especially since the invasion. I think it reached the point where you are better off guessing which way the markets will go.

When the invasion started, crypto and stocks all crashed however it was only the futures. When the NYSE actually opened, it ended up being a very bullish day. And the following day also. And then it started to go down also on no different news.

I think liquidity is drying up and best to wait for the break of support or resistance before we make any more moves.

[FairUser]

Not happy to wait 3-5 years when the prices of products inflate particularly the gasoline price.
It's the altcoins like Luna and Waves that are having a bull run though. I don't think a lot of us are really going to dive into that market in full because it started shooting up. The majority of the traders are going for BTC.

Flash spikes and dumps happening very quickly, it's almost obvious that it is manipulated so if you are in the futures market, you probably will lose quickly.

As I mentioned in 2021, if the market has not yet made people happy, let time help them get there.

Opportunities will come and go for no one if they don't take advantage of them. We invest and profit with the market, so price volatility is nothing to worry about.

DCA certain coins over the long run, I'm always happy to sell them after a while.

[Oshosondy]

These are uncertain times. I personally consider these uncertain times the best of time to buy Bitcoin.

What I am thinking is that so far bitcoin price can fall 5 times of its original price or more after previous three halving, if $69000 is the ATH, it makes me to think it is still possible bitcoin will fall below $30000 and a time when it may fall to almost $20000. I may not be rcorrect but just what I analysed.

What has the reward halving got to do with the possibility that the price will fall down below $30,000 or near $20,000? We are still in March of 2022. The last halving took place in May of 2020 and the next one will happen on block 840,000 which will probably be in the early part of 2024. So in other words we are in the middle of the last halving and the next halving. So why should the next halving influence its price in the next weeks and months? I think there are stronger influences surrounding the price right now than the reward halving.

If you can not read and understand someone properly, better not to quote the person or go back and read what the person post properly. You are turning what I post into misinformation. We have halving in 2012, 2016 and 2020, comparing the highest and the lowest price of bitcoin in each halving, that comparing the highest and the lowest price result to over 5x fall or more in each. Nobody is talking about the block height next halving will occur.

[lixer]

As I mentioned in 2021, if the market has not yet made people happy, let time help them get there.

Opportunities will come and go for no one if they don't take advantage of them. We invest and profit with the market, so price volatility is nothing to worry about.

DCA certain coins over the long run, I'm always happy to sell them after a while.

Hopefully, they can still be patient in waiting for the price to go up again and can use this time to buy and increase the number of bitcoins. The market has provided an opportunity to buy and sell but many people are too late to buy and sell.

Even though it looks like it's being manipulated, we can get a nice advantage if we can use that moment. Now is a good time to buy and hold because there is a possibility that the price will go up again. Maybe we'll see prices going up and down more often so that's our chance to make the most of it.

2021 was already a good moment for a sell off because the prices of the cryptos are rising that time but I wonder why some people aren't happy that time. Do they miss to sell because they are expecting more? well that was already their problem, they became too greedy and now they are forced to wait again because the price haven't recovered yet for a long time but along with waiting they can also apply what you said above.

Not that it looks manipulated but this market is actually prone to manipulation. Up to us if how can we react to this but most people only react verbally while others are taking action, makes the manipulation in favour to them.