Bitcoin Breaks Past The $40,000 Barrier Again?

[sana54210]

I think it's still very difficult for us to guess where bitcoin will go, but in the last 7 days the bitcoin price has experienced a bit of price strengthening, and we can accumulate if the  increase price are almost 11% in a week, the push that occurs in the bitcoin price may be a one of the reasons for the increase in some altcoin prices in the market, but to be honest, I personally don't dare to say that the current price strengthening will last long enough, especially in the last 1 month we have continued to see bitcoin prices strengthen but not long after that the price has corrected again.

The reality is that price could have a bit of a drop, but the reality is that we are doing fine and not going down a lot and that should tell people that we may not really face anything that is serious anymore. I am not saying that under 40k is gone, of course it is not gone and it could happen again but the reality is that we are talking about getting stronger and stronger support levels the longer we stay here.

This is why I believe that we should be focusing on a bit of the current situation into future breakout preparation if we could see that. I believe that the stronger support we get, the harder to go down, easier to go up.

[BuNga_cute]

I think it's still very difficult for us to guess where bitcoin will go, but in the last 7 days the bitcoin price has experienced a bit of price strengthening, and we can accumulate if the  increase price are almost 11% in a week, the push that occurs in the bitcoin price may be a one of the reasons for the increase in some altcoin prices in the market, but to be honest, I personally don't dare to say that the current price strengthening will last long enough, especially in the last 1 month we have continued to see bitcoin prices strengthen but not long after that the price has corrected again.

The reality is that price could have a bit of a drop, but the reality is that we are doing fine and not going down a lot and that should tell people that we may not really face anything that is serious anymore. I am not saying that under 40k is gone, of course it is not gone and it could happen again but the reality is that we are talking about getting stronger and stronger support levels the longer we stay here.

This is why I believe that we should be focusing on a bit of the current situation into future breakout preparation if we could see that. I believe that the stronger support we get, the harder to go down, easier to go up.

By seeing the Bitcoin price stable for a long time above the $40k price, this has proven that Bitcoin's support price is getting stronger. If that happens,
it is likely that the Bitcoin price will go up much bigger than the Bitcoin price will go down. So now it looks like Bitcoin price is slowly trying to get past
the $45k resistance, I hope this time Bitcoin can rise above the price of $ 45k. If it fails again Bitcoin rises above $45k price, it looks like there's
a chance Bitcoin will go down again, but I hope the Bitcoin price doesn't drop below $40k.

[Silberman]

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.

The barrier at the 40k level has been broken so many times already that I do not think that traders think of it as a barrier anymore which is why it is so easy to break through it, as you said the real challenge is the 50k level, so even if we are right now at 44k it seems that it is going to take a significant amount of time the break past that level, however at the same time once it does I think we can take that as a confirmation that a bull market could appear at any moment.

[7788bitcoin]

~
The barrier at the 40k level has been broken so many times already that I do not think that traders think of it as a barrier anymore which is why it is so easy to break through it, as you said the real challenge is the 50k level, so even if we are right now at 44k it seems that it is going to take a significant amount of time the break past that level, however at the same time once it does I think we can take that as a confirmation that a bull market could appear at any moment.

The resistance barrier is real and hence we are not able to breach the $45k valuation for a long time. Good to see that we are trading above $40k for sometime and it is a good sign and it is possible that we might see a push to breach the resistance and if we are able to do that then we might see new all time high valuation, until then it is hard to predict how the market will move in the coming months.

[GeorgeJohn]

Cryoto currency was a safe one.While considering of bitcoin, it was safe with all access from you. If you had sync the google authentication. Based on the investments you will get profit from it. Now the price of bitcoin had crossed the value of 40k. It was surprise to myself. Because from the war, the price of bitcoin was struggled to reach this value and crossed of 42k dollars two days before.

Bitcoin price has been fluctuating starting from the beginning of the year, and it's not this time or the first time Bitcoin breakout from forty thousand (40k) to forty three or forty five thousand (43k/45k). The price has gotten almost fifty thousand (50k) this year, so the problem is that the price of bitcoins is not stagnant and it interchanges because of determinant of the market

[Ziskinberg]

It's still too early to tell, I've seen a lot of the same scenario this year and bitcoin still failed to be bullish. Could be a bull trap, so we should be careful with this especially if there's no big news that backs up the current bullish movement. If bitcoin would be able to break out to $50k, then we can talk about a real bullish movement.

[bitterguy28]

sorry mate but bitcoin price is hitting 43k many times already right? if I'm not mistaken the 43k is being hit every week and that is the normal scenario in market , what i am waiting is the price to hit 46k because that is the barricade now.
and if this will be taken then the possibilities of the value to increase to 50k is there and that is what i am waiting .
wanna sell half of my bitcoin now cos i have some funds needed for my house renovation lol.

Yes, the bitcoin price has indeed reached $43k many times and this time, the price seems to be holding on to that level and there are signs of going higher.
But since we are currently on the weekend, corrections could come but hopefully, the corrections don't come too deep so that next week, the price can continue its rally again.
I'm still waiting at $50k because that's the next holding point for bitcoin before it goes back to the last ATH and it's really tough.

But looks like the chart changes? because now that the weekend is still on? there are no correction that happens instead increase is what we got.

Now bitcoin stays at 47k and the sign of falling is still not been on the scene , what i can see is that the price of bitcoin is finally hitting 50k this week , and will climb to 60k in the next quarter.

[Silberman]

~
The barrier at the 40k level has been broken so many times already that I do not think that traders think of it as a barrier anymore which is why it is so easy to break through it, as you said the real challenge is the 50k level, so even if we are right now at 44k it seems that it is going to take a significant amount of time the break past that level, however at the same time once it does I think we can take that as a confirmation that a bull market could appear at any moment.

The resistance barrier is real and hence we are not able to breach the $45k valuation for a long time. Good to see that we are trading above $40k for sometime and it is a good sign and it is possible that we might see a push to breach the resistance and if we are able to do that then we might see new all time high valuation, until then it is hard to predict how the market will move in the coming months.

Bitcoin has been trading above the 45k level for a few days as well so I really think the 50k level is the key, we know that psychologically people have a tendency to look for round numbers which is why the resistance level most likely it is located at the 50k level, also this level is important for yet another reason, as it indicates that bitcoin will only need to double its price before it reaches yet another milestone, the six figures we have been wanting to see for so long.

[mia_houston]

It's still too early to tell, I've seen a lot of the same scenario this year and bitcoin still failed to be bullish. Could be a bull trap, so we should be careful with this especially if there's no big news that backs up the current bullish movement. If bitcoin would be able to break out to $50k, then we can talk about a real bullish movement.

After entering the beginning of 2022 the price of bitcoin is getting worse and now it looks like bitcoin is starting to find momentum to bounce back, the success of bitcoin breaking through the price of $45,000 at the end of last week, has helped bitcoin regain the right momentum to experience price strengthening as it is today and even like recorded on the CMC bitcoin price has strengthened almost 18% this week, although the price continues to strengthen but still we have to be vigilant because the possibility of a price correction can also occur, I personally agree with you, the bullish phase will last if bitcoin can reach price resistance to $50,000 and if that happens of course maybe we'll see a new ATH going on this year.

[Natalim]

We are surpassing $45k and are currently at $47k (upon checking on the CMC). Seeing these huge changes makes me think that we are moving back again to $50k. I expected this 2nd quarter could be bullish and as keeping on the current momentum, even reaching $60k is quite possible the next target.

However, we still need not expect more. Fluctuations can be very possible and we have to get ready for them, sometimes we have to do an exit plan.

[Sir Legend]

I think the price of $40k is a long time compared to other prices, even when the price of bitcoin is at $40k it looks stable with up or down never more than 5%, and I think this makes us more optimistic that the future of bitcoin will be brighter, and when there is a little bull run it will skyrocket and pass the ATH that has ever happened.

[Silberman]

We are surpassing $45k and are currently at $47k (upon checking on the CMC). Seeing these huge changes makes me think that we are moving back again to $50k. I expected this 2nd quarter could be bullish and as keeping on the current momentum, even reaching $60k is quite possible the next target.

However, we still need not expect more. Fluctuations can be very possible and we have to get ready for them, sometimes we have to do an exit plan.

It seems there is a decent resistance at that level as the price went down a little bit and now we are at the 46k level, now about the possibility of bitcoin being bullish during the second quarter of this year, I am not so sure about it, after all there are still several obstacles ahead of us, and more importantly the uncertainty of what will happen at Ukraine is still limiting the potential for bitcoin to go up in price, so I do not think we have any chance to see a bull market until the war ends.

[Baofeng]

I think we might see this price level for a long time. It could be the support or the resistance in the coming months. Which mean that possible that there could be no movement at all as the market is reacting to the war and inflation rate going up in every country and remember that we are still in the pandemic. So hold still because it's could be boring year for some.

[South Park]

I think we might see this price level for a long time. It could be the support or the resistance in the coming months. Which mean that possible that there could be no movement at all as the market is reacting to the war and inflation rate going up in every country and remember that we are still in the pandemic. So hold still because it's could be boring year for some.

I think that is the most logical conclusion since the price is dancing around such level, sometimes it goes higher and sometimes it goes lower but all the action is happening around that price mark, so I think it is possible we are going to remain there for a very long time, something that is not as bad as this gives us the opportunity to load in some bitcoin while the price is still not completely crazy, however the question is what will come next? As the institutional investors will not let the price to go that much lower while a bull run seems unlikely too.

[Ararbermas]

I think that is the most logical conclusion since the price is dancing around such level, sometimes it goes higher and sometimes it goes lower but all the action is happening around that price mark, so I think it is possible we are going to remain there for a very long time, something that is not as bad as this gives us the opportunity to load in some bitcoin while the price is still not completely crazy, however the question is what will come next? As the institutional investors will not let the price to go that much lower while a bull run seems unlikely too.

its a consolidation if the price can't even exceed and keep playing around the area, but sometimes it didn't last because usually investors keep adding in such area as well as it's very common pattern before continuing.

But of course it depends of the situation of bitcoin because it will be the results after the consolidation..

[777Jolami]

bitcoin is breaking through $40k and now around $42k which is good sign for higher momentum i expect end of April bitcoin can hit $50k

[asrinur]

I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

[cryptomaniac_xxx]

I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

But I guess this is where the price is going to play along, $40k range and maybe up to $45k. I still have doubts that we will hit $50k just like that. It you would remember, we have a sort of mini bull run from $39k to $48k only. It didn't reach the peak price of $50k as others have predicted. So there's no way that suddenly we will go and touch $50k again without any good news.

[carlisle1]

I think the crypto market seems to be starting to get better and heading into the green during the third week of April. Even now the bitcoin price has broken through the $41k area again. Therefore, looking at the current price movement there seems to be no obstacle for bitcoin to hit its $50k price target in the next few weeks.

But I guess this is where the price is going to play along, $40k range and maybe up to $45k. I still have doubts that we will hit $50k just like that. It you would remember, we have a sort of mini bull run from $39k to $48k only. It didn't reach the peak price of $50k as others have predicted. So there's no way that suddenly we will go and touch $50k again without any good news.

Observing the current market, it's agreeable that $40K might be supported from here. We can't say that it can pump to $50K

not unless that there is news that will bring more investors inside the market, news about more adoptions and more big players

to buy and hold their assets. Currently, there's no influence that creates noise and investors are observing if how the market will

move for the next quarter, maybe we may expect good bullish run during the early last quarter of this year.

[Vaskiy]

The market is moving gradually without any external influence, which means the real growth is happening. Bitcoin have broken the $40k barrier again and further it tends to break $43500 resistance zone. If that happens the market will tend to test the $45k long term resistance zone. Failing to broke the zone will take the price down to $40k, if not we'll see continued growth. The major reason for the ongoing market progress seems like to be the approval of first Bitcoin ETF by Australia Security Exchange and Commission.