Bitcoin $40000 resistance

[Oshosondy]

however, the drop in bitcoin price from $69k to $50k was due to a correction, and the drop in bitcoin price from $50k to its current price was due to a bear market. Currently, there is not enough good news from bitcoin to see its price rise again. but the fact is, the current development of bitcoin in the real world is really growing fast, I even wonder why bitcoin hasn't gone up to its current $50k price. well, i believe that bitcoin price could go up again, so personally, buying at this time is a pretty good thing.

The price of bitcoin was dropped from ATH to $50000 because of correction which is a bear market, the drop to $40000 is a bear market also but can still be said to be correct as well, it depends on what happen next if bitcoin will still drop to $30000 or below $30000 before bull run starts again.

I do not exactly know what will happen in recent time, I do not know of the price if bitcoin price will increase or decrease, I do not know if the price will drop below $30000 which is very possible. My speculation is just based on long term that if someone hold bitcoin now, there will be a time bitcoin price will reach six digits. But in short time, I do not know what exactly will happen.

[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

[Kemarit]

however, the drop in bitcoin price from $69k to $50k was due to a correction, and the drop in bitcoin price from $50k to its current price was due to a bear market. Currently, there is not enough good news from bitcoin to see its price rise again. but the fact is, the current development of bitcoin in the real world is really growing fast, I even wonder why bitcoin hasn't gone up to its current $50k price. well, i believe that bitcoin price could go up again, so personally, buying at this time is a pretty good thing.

The price of bitcoin was dropped from ATH to $50000 because of correction which is a bear market, the drop to $40000 is a bear market also but can still be said to be correct as well, it depends on what happen next if bitcoin will still drop to $30000 or below $30000 before bull run starts again.

I do not exactly know what will happen in recent time, I do not know of the price if bitcoin price will increase or decrease, I do not know if the price will drop below $30000 which is very possible. My speculation is just based on long term that if someone hold bitcoin now, there will be a time bitcoin price will reach six digits. But in short time, I do not know what exactly will happen.

If we are in the bear market, then chances are the price will continue it's downward path as we have seen in the past. The only hope for us is that the price drop is not going to be huge and quick, as we have seen as the price is slowly going up again to $40,000.

Nevertheless, April historically is not a good month so I will advise everyone to brace themselves because if history repeats itself again, then we could see the price below $40,000, IMHO.

[Jating]

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

I think it's more of bitcoin corrected itself having reach a new all time high last year. But I would say that there is still the demand for it, maybe it's just the investors are reluctant that's why we have face big resistance since the start of the year. However, getting above $40k again without any positive news is a good indication that we can still be bouncing around that range for quite some time before we can retest $50k again.

[Vatimins]

     If you are talking about spot buying them that's fine you just have to DCA. Although the best buys were at 34k-39k now still a good chance. It depends entirely on the type of investor you are. If you are the type to hild for 6 months and above, then good. But if you are more of a short term holder, better wait for big movements. I suggest mid summer. Not a financial advice though. Just sharing my plans. Although I do leverage as well, I stay on low time frames at the moment since the markets is currently too sensitive to the macros and news.

[Semar Mesem]

The initial price of 2022 although far below the new ATH 2021 ago but in my opinion it was more stable, but the potential to skyrocket would always be great because in early March the price of Bitcoin rose more than 13% in a day, and in my option to continue to rise and more stable Great and I'm sure March will touch $ 50k.

[Aikidoka]

So it seems that the resistance phase of bitcoin is at 40k usd right now, it is hard to guess if the price will go up or down in the next few weeks. Today the market looks good as the bitcoin price has risen a bit and got +5% since last week. I think the volatility will be between 35-45k usd in the next 2-3 months, but later in the summer we will see an increase in the price of btc up to 60k or even more.

[Lorence.xD]

So it seems that the resistance phase of bitcoin is at 40k usd right now, it is hard to guess if the price will go up or down in the next few weeks. Today the market looks good as the bitcoin price has risen a bit and got +5% since last week. I think the volatility will be between 35-45k usd in the next 2-3 months, but later in the summer we will see an increase in the price of btc up to 60k or even more.

Much harder to guess especially the long and short are at an equal position and they both seem to hold on to what they believe in. My take on the current movement in the market is just observe, see if there are more factors that might affect the market even more, for better or for worse.

[sana54210]

I don't understand that every time it gets close to $40k or is already at $40k, it keeps dropping back to $39k and stabilizes at that price. Maybe this is because the current world conditions are also unstable so this affects all commodities, including crypto. But hopefully, the crypto can bounce back to $40k and keep climbing higher as the price now is at $40k. But indeed, the war in Ukraine impacts the world, although maybe not all countries feel it.

That is a clear reason of not breaking the barricade and not just 40k mate, because Bitcoin crossed 41k today but sadly drops back to 39k, and the saddest part is I have sold some of My bitcoin yesterday because i Badly needed cash not knowing that it will increase by 7% just after 8hours of my selling time lol.

so lets see how this will cross 45k again to show how we can break 50k once again this year.

if there is any chance that we will make it then surely the 60k is possible once again this year.

This does happen whenever we need cash. This is why people say that "do not invest with money that you can't afford to lose" for a reason, but at the same time life throws things at you that you will never be able to see beforehand. I have sold my coins before as well, 2 times at near the top price so I am lucky, but one when it was down as well. So, we should not really be expecting life to be at a linear line where we can save money, put it on crypto, and never need it.

Sometimes life happens and you need to cash it out. Whenever you cash out, there is always a chance of it going up right after you sell it, and also a chance it could drop right back down as well.

[Wiwo]

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

Bitcoin have consistently resisted the below $40,000 and this has continued for the past few days if the price can go above the 45k Bitcoin price there will be the possibility of a new all-time high moving on to 50k and even 70k before the end of 2022 as we saw Bitcoin making such bull move in the last quarter of 2021, well if am to give my general opinion I will suggest we keep holding Bitcoin as against other coins in the market.

[rodskee]

     If you are talking about spot buying them that's fine you just have to DCA. Although the best buys were at 34k-39k now still a good chance. It depends entirely on the type of investor you are. If you are the type to hild for 6 months and above, then good. But if you are more of a short term holder, better wait for big movements. I suggest mid summer. Not a financial advice though. Just sharing my plans. Although I do leverage as well, I stay on low time frames at the moment since the markets is currently too sensitive to the macros and news.

Isn't best to invest at least in 30-35k instead of 39k ? because bitcoin price drops multiple times already at that range ? if you are going to buy on that level as bitcoin continues to increase up to 42k then that wound be a 10% profit sooner?

but yes that barricade couldn't stay long if we will manage to invest and keep the holding instead of using bitcoin as short term or day trading.

[elisabetheva]

The initial price of 2022 although far below the new ATH 2021 ago but in my opinion it was more stable, but the potential to skyrocket would always be great because in early March the price of Bitcoin rose more than 13% in a day, and in my option to continue to rise and more stable Great and I'm sure March will touch $ 50k.

actually in early 2022, bitcoin had made an increase and had reached $47K+, but in the end it didn't last long and immediately experienced a correction.
actually bitcoin is currently in a stable situation with prices ranging from $33K+ - $47K+, and it looks like it's just waiting for the right situation to increase again. so the opportunity to reach $50K could happen in the next few days if FUD doesn't keep popping up and big investors want to refrain from letting go of their deposits.

[cryptomaniac_xxx]

The initial price of 2022 although far below the new ATH 2021 ago but in my opinion it was more stable, but the potential to skyrocket would always be great because in early March the price of Bitcoin rose more than 13% in a day, and in my option to continue to rise and more stable Great and I'm sure March will touch $ 50k.

actually in early 2022, bitcoin had made an increase and had reached $47K+, but in the end it didn't last long and immediately experienced a correction.
actually bitcoin is currently in a stable situation with prices ranging from $33K+ - $47K+, and it looks like it's just waiting for the right situation to increase again. so the opportunity to reach $50K could happen in the next few days if FUD doesn't keep popping up and big investors want to refrain from letting go of their deposits.

It didn't increased to $47k as far as I can remember, it went from $60k-$40k levels in matter of months and then continue to slide down to around mid $30k. And there is no big FUD, except war that might have affected the price and yet the price remains stable to the $40k that we are right now. Investors might be reluctant or just playing along different market including altcoin in which they can earn huge profits as well. Nevertheless, bitcoin will remain above all altcoin because it will remain as the prime mover.

[Vatimins]

~

     The reason for saying 34-39k is me wanting to cover longer duration of the movement and to lighten the burden of feeling too late. Because if I were to give it straight it would guve him that feeling I just mentioned. Also, I was considering the  current situation of the market. Which is quite bullish, but most buyers in ky opinion are retailers. Regardless, I do not think we'd be going below 37k anymore unless some major macro economic problems happen.

[Baofeng]

~

     The reason for saying 34-39k is me wanting to cover longer duration of the movement and to lighten the burden of feeling too late. Because if I were to give it straight it would guve him that feeling I just mentioned. Also, I was considering the  current situation of the market. Which is quite bullish, but most buyers in ky opinion are retailers. Regardless, I do not think we'd be going below 37k anymore unless some major macro economic problems happen.

I can see your point, we don't want a sudden spike in the price because what follows is an ugly downward spiral. What we wanted to see is the price going around in the middle right now, sort of the market doesn't know where to go. Because it could be beneficial in the long run as it could make a break out run that will favor us. Besides this year is very early, a lot of good or even bad things can happen around that can affect the price in either direction. As you touch base the retailers, yes, they are the most important factors as to where the price will go, not the whales or institutions.

[Silberman]

So it seems that the resistance phase of bitcoin is at 40k usd right now, it is hard to guess if the price will go up or down in the next few weeks. Today the market looks good as the bitcoin price has risen a bit and got +5% since last week. I think the volatility will be between 35-45k usd in the next 2-3 months, but later in the summer we will see an increase in the price of btc up to 60k or even more.

As of right now the bitcoin price is getting closer to 42k, however we have seen something similar happening during the past weeks so we need to be very careful as the price could always go down without any warning, I really hope the price of bitcoin could stay above the 40k level for good this time around, but it is doubtful this is going to happen as not much has changed and the economic conditions are adverse to any kind of significant growth for bitcoin during the next weeks.

[PLayerZero14]

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

Nobody can give you accurate information because simply nobody knows and if they claim otherwise they're probably full of shit

The market is hard to predict these days with everything else going in the world i think the best thing is to step away and wait for the dust to settle.

[Quidat]

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

Nobody can give you accurate information because simply nobody knows and if they claim otherwise they're probably full of shit

The market is hard to predict these days with everything else going in the world i think the best thing is to step away and wait for the dust to settle.

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.
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
or totally random thats why making out some buying and selling decisions is really hard as fuck.

[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.
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
or totally random thats why making out some buying and selling decisions is really hard as fuck.

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.

[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

I think it's more of bitcoin corrected itself having reach a new all time high last year. But I would say that there is still the demand for it, maybe it's just the investors are reluctant that's why we have face big resistance since the start of the year. However, getting above $40k again without any positive news is a good indication that we can still be bouncing around that range for quite some time before we can retest $50k again.

the demand for it will continue to exist at any time, but the opportunity for now really depends on how bitcoin reacts going forward, the resistance point now is not the end of bitcoin's journey going forward, because I believe bitcoin will reach its normal point in 6 months and above, so for now only The problem of correction that does not make bitcoin is at a normal point, we must study how bitcoin travels in 2021, so that a comparison will come out this year