Bitcoin Breaks Past The $40,000 Barrier Again?

[franch]

Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021.

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

[Yaunfitda]

This might not be the last time that we are going to break this barrier. We've seen it in the last 3 months if I'm not mistaken, we will go $30k'ish and then goes up again to $40k and after a couple of days, there will be a decline. So there should not be any surprises if that happens again. And yeah, we might see the price just fluctuating around $35k-$45k, but I would say that it might be a good range to buy, sort of the middle ground for some, not very cheap but at the same time, not that pricey, in my opinion.

[Review Master]

Well, recent movement was happened because of an anonymous  whale who closed his 120 Million worth short position and suddenly bitcoin spiked to almost 43k level. We might see another mini bull season or regular sideways movement just like previous weeks.  However better not to be bollish when war is still going on as market would take correction again for it.

[Doell]

This might not be the last time that we are going to break this barrier. We've seen it in the last 3 months if I'm not mistaken, we will go $30k'ish and then goes up again to $40k and after a couple of days, there will be a decline. So there should not be any surprises if that happens again. And yeah, we might see the price just fluctuating around $35k-$45k, but I would say that it might be a good range to buy, sort of the middle ground for some, not very cheap but at the same time, not that pricey, in my opinion.

Yes, the price around 35K-45K should be as well utilized by traders and other holders. Looks very good, but maybe the ending of this q1 will be a little different. I think the new value might break 50K this time, because maybe the q2 will be a different journey, Just an opinion no intention to overtake the uncertain future.

[Lucius]

Soruce

Stop shilling links from that worthless site, and take some time to learn a few basic English words

[LFC_Bitcoin]

We really need to break $50,000 before we can start thinking that the downtrend we’ve been in since late November is over. We’ve been floating around between $35,000 & $45,000 for ages. I’m not really interested in getting excited until we break out of that range.

[Falconer]

We really need to break $50,000 before we can start thinking that the downtrend we’ve been in since late November is over. We’ve been floating around between $35,000 & $45,000 for ages. I’m not really interested in getting excited until we break out of that range.

We expect the same for bitcoin but perhaps this price increase cannot be confirmed as the next bullish start. This can be considered normal volatility where the price could still drop below $40K again as it was during a correction.

Of course we would expect bitcoin to rise above $50K and possibly break through another ATH in 2022, but it seems hard to expect ATH to happen 3 years in a row since December 2020.

[Poker Player]

I just deny the premise, I deny that the $40K is a barrier.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

You say it yourself, if it is oscillating in that range, there is no barrier. There is a barrier at $69K for example, because the ATH is always a mark that when the price approaches it is difficult to beat because many people take the opportunity to sell and take profits.

I believe that nobody is clear about what is going to happen with the price this year, especially after the disappointment we had last year. There are many things that can influence: how the war in Ukraine evolves, inflation and the response of the central banks, etc. It is these facts that we have to look at to get an idea of where the price may go, and not some isolated lines of what happens in the real world...

[btc78]

Bitcoin (BTC) reached an all-time high of $68,788 per coin on November 10, 2021.

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record of fluctuation.

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

don't boost on that completely because the price will go up today or fall tomorrow , because the volatility of crypto is indeed the sign of how this healthy and worth investing.
and also at least 45k price will be stayed then i know there will be more dumping to come this year .
i never expect same thing happened in November last year but at least make 50k in the whole term of 2022.

[Wexnident]

It was already stabilizing imo after it went back up from the dip that was around the $30k levels or so from its peak. I considered it as akin to building a new foundation after that new ath, after all, the market moved way too fast imo for the past year climbing up to borderline $70k levels at the start of 2021, then the same cycle with the new ath on November. When there's ups, there's also downs, so it wasn't really unexpected that we're met with a steady level right now.

[davis196]

Price stabilization?Most likely not.The people,who are talking about Bitcoin price stabilization probably don't know how Bitcoin works. The price volatility of Bitcoin will last forever.
The Bitcoin price breaking the 40K barrier doesn't mean anything at all.The price went above 40K USD around 2 or 3 times in the last several weeks.I guess that the panic selling,which was caused by the war in Ukraine is most likely over,since we don't see any sharp 10% price drops of the BTC price.
I'm still optimistic about the upcoming months of April,May and June,but I don't expect another ATH during the spring.

[LogitechMouse]

~

Price stabilization? I don't think so.

I don't think that we are in a scenario where Bitcoin's price will be stable especially with its market cap only $800B. I still believe that it will be volatile. I think we what we are experiencing right now is the battle of the bulls and the bears to the point where we don't know which will win. If bulls win then it will go up and vice versa.

[Beerwizzard]

Nothing guarantees it is not a part of a major bear trend. For example when in 2018 BTC was crushing from 20k we had a few breaks (as I remember at 15k, 10-12k, 7k and then it finally reached the bottom at 4k) and on every step people been hoping that this is the end of the trend and now it will go high. However, this thing may last for years.

Soruce

Stop shilling links from that worthless site, and take some time to learn a few basic English words

A guy just made a typo. No need to point on that. We all see that you have found a great teacher in Ukraine and your english is perfect.

[Husires]

There is no reason for the price to settle, because if we depend on historical data, the last cycle was not completed by reaching the price of 100k, as we are still in the previous wave, which means that the price will be stable until we witness crazy rises that break the top of $70,000.

As for the reason for stability

• There is no positive news for the price to rise
• There is nothing exceptional that makes the price high
• Geopolitical risks make it difficult to invest in high-risk assets.
• Bitcoin is at the same level of April 2021

We can compare prices with the chart below:

Source: https://coinmarketcap.com/currencies/bitcoin/

[Silberman]

This might not be the last time that we are going to break this barrier. We've seen it in the last 3 months if I'm not mistaken, we will go $30k'ish and then goes up again to $40k and after a couple of days, there will be a decline. So there should not be any surprises if that happens again. And yeah, we might see the price just fluctuating around $35k-$45k, but I would say that it might be a good range to buy, sort of the middle ground for some, not very cheap but at the same time, not that pricey, in my opinion.

This has happened several times during the last month that I do not think it is newsworthy anymore, now we need to concentrate on the price remaining above that level for some time, if bitcoin was able to keep those levels for at least a month I would think that we are in our way to see a slow recovery, but until then I think we can still see the price going below that level once again and maybe we could even see an important correction if there is another global event that disrupts the markets.

[btc_angela]

I guess the $40k barrier is not that relevant because we have broken it several times already.

The next big psychological barrier is $50k and that's what we need to take care of. We have seen the price going as high as $43k but that's it.

We need to push it further now just to have this sort of being bullish still alive although majority thinks that we are entering a bearish market. Market is still undecided up to this point, so the balance can still tip to being bearish to bullish if we can get at least $50k.

[justdimin]

I do agree that 40k is a magical number right now and going above that and going under it happened so many times in a row right now. I believe that we should not be forgetting that it could go under 40k all over again as well. I am not saying that it will, all I am saying is that there is a chance for it to happen.

This is why I believe that we should be careful even during bull periods, even more so during bull periods even. Because when it is bear, you could buy at cheaper prices and there is a return from that, but if you buy during bull periods, there is a downside that would require you to have a lot more liquidity to cover that difference.

[Oilacris]

I do agree that 40k is a magical number right now and going above that and going under it happened so many times in a row right now. I believe that we should not be forgetting that it could go under 40k all over again as well. I am not saying that it will, all I am saying is that there is a chance for it to happen.

This is why I believe that we should be careful even during bull periods, even more so during bull periods even. Because when it is bear, you could buy at cheaper prices and there is a return from that, but if you buy during bull periods, there is a downside that would require you to have a lot more liquidity to cover that difference.

This is what it makes more harder to make out some analysis on which the price had able to play in between this line whether going above it or go below or under it and taking for a while on making

next movement which would really be giving out some confusions specially if you do go after for short term duration kind of trades.For now we are playing around 42k whether it would be heading

and breaking that 45k increment and goes up to 50k but everything would be still questionable or not assured for it to happen.

[DoublerHunter]

I do agree that 40k is a magical number right now and going above that and going under it happened so many times in a row right now. I believe that we should not be forgetting that it could go under 40k all over again as well. I am not saying that it will, all I am saying is that there is a chance for it to happen.

This is why I believe that we should be careful even during bull periods, even more so during bull periods even. Because when it is bear, you could buy at cheaper prices and there is a return from that, but if you buy during bull periods, there is a downside that would require you to have a lot more liquidity to cover that difference.

^ Based on the graph if we look into a repeat itself on BTC price, we are supposed to be in a bear market at this moment but we did not yet experience that, we are still considering the bull market since it is not yet down furthermore $30k in the market but yet, we are now in the range of $40k which has a strong resistance right after a correction. The barrier of $40K has been surpassed already and at this range, it seems like BTC will increase more than we expected. However, I did not see the good news that makes BTC will fluctuate and go up high but still the awareness of it keeps spreading and I think that is the reason the demand also was increasing too. For now, let us see what will happen next, if you are already invested, just wait until your profit were there and keep holding until it will reach the desired amount of profit that you want.

[TelolettOm]

Soruce: https://www.newsbtc.com/news/bitcoin-breaks-past-the-40000/

In several days, Bitcoin seems safe in the higher barrier, more than $40k.
But with the current situation, I myself sometimes still feel in a worrying situations. Bitcoin price may keep it positive trend in several days, but as we know as the previous one, once there is FUD again, this may break the bottom and get some deeper market correction again.
Although we must be more patient and wise to face the market, but worries wil be alwasy surrounding. That's normal imo.
However, at elast, let's enjoy the makret today and take every chance to gain profits