Bitcoin Breaks Past The $40,000 Barrier Again?

[Dave1]

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.

Yeah, I think that news has somewhat put the market at ease right now that's why we have a good increased to $41k and above as of press time.

The market is still based on any external influence, any news that will make investors put their money on the it again. Hopefully we can maintain above $40k, it's been months already, and we are about to enter the next quarter so we better end it on a positive note for this month.

[Marvell1]

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.

Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.

[TravelMug]

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.

Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.

Well the previous high is $45k and that should be the target. But in any case, it seems that we are not going to reach that price. So for me hovering around $43k at the end of this month is not that bad. We need more positive news though, it seems that the Terra pumping did it's share to push the price as high as $48k. But that's it, we need more good news coming from institutions or government around the globe so that investors trust are back in the market because they seems to be in the middle right now.

[Kemarit]

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.

Maybe this news has somewhat influence the price today:

https://cointelegraph.com/news/simplify-files-with-sec-for-bitcoin-strategy-risk-managed-income-etf

Asset manager Simplify has filed a registration statement with the United States Securities and Exchange Commission to list shares of an exchange-traded fund linked to Bitcoin futures, Treasury securities, and options.

In a Wednesday filing, Simplify applied with the SEC for an investment vehicle based on a Bitcoin (BTC) futures strategy, an income strategy, and an option overlay strategy. The Bitcoin Strategy Risk-Managed Income ETF, to be listed under the ticker MAXI on Nasdaq, is a series of exchange-traded funds from the asset management company.

The fund will indirectly invest in BTC using crypto futures and, as part of its income strategy, hold short-term U.S. Treasury securities and ETFs that invest in Treasury securities. For its option overlay strategy, Simplify said it would purchase “exchange-traded protective put options" and write "exchange-traded call options on Bitcoin futures and/or a Bitcoin related ETF or ETFs.”

Sot its good to hear that at least many are still interested on about ETF and all other stuff related to BTC. So it will be interesting if we can break $42,000 - $43,000 because this numbers could be the basis of another run before the end of this month.

[Dave1]

This could be another fake out runs?

We should have experienced a pull back when the price hits $38k but then suddenly it went as high as $41k and could reach $42 this week.

But I'm not that confident in this kind of market move, there is a possibility that we might see another retrace, hence, $40k is broken again. So let's see how it pan out.

[Dhaniii]

The bitcoin price is getting more and more worrying at the moment, even though the bitcoin price has broken through the $40k holding price. market conditions need to be a little wary of and now many investors are still holding on to invest. I think for now there is no need to rush to invest large sums and it is better to trade fast.

[tygeade]

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..

Accumulation phase is an important part of crypto (and other markets) before it goes up. Big names and even retail investors all end up buying as much as they can without disturbing the market, they can't just buy all-in and make it go up right away, that would start the bull run. So, they just buy small by small and increase their holdings which eventually leads them buying more and more and more which then increases the price slowly.

This is why it takes us months to go from stagnant price to peak price, it took us from like September of 2020 to April of 2021 to reach from under 20k to over 60k, but takes only matter of days to reach below 40k, crashes happen all at once, increases take time.

[darewaller]

The bitcoin price is getting more and more worrying at the moment, even though the bitcoin price has broken through the $40k holding price. market conditions need to be a little wary of and now many investors are still holding on to invest. I think for now there is no need to rush to invest large sums and it is better to trade fast.

Worrying? You and I are looking at different bitcoins at the current moment. I feel like bitcoin is looking better than ever, I feel like a breakout is imminent and could happen at any moment now. That is just me and I wouldn't know what people are thinking, but it's looking like it could be a possibility. Obviously I can't speak on behalf of everyone, but I can say that it's not bad right now and people should be thinking the same way.

If we could accumulate from these levels and then end up going higher, it would be easier for people to not sell and not go down because they already bought from very cheap levels and their DCA is already low, so they could wait a lot longer before they decide to sell and take profit.

[Oceat]

This could be another fake out runs?

We should have experienced a pull back when the price hits $38k but then suddenly it went as high as $41k and could reach $42 this week.

But I'm not that confident in this kind of market move, there is a possibility that we might see another retrace, hence, $40k is broken again. So let's see how it pan out.

Sadly, it is now in $39k which then expected to continue to drop and there are no news that's going to support it to pump back to $40k. We are literally facing the bear this time if it continues to drop down to $35k and so on but if there's a News that's going to support it a bit it might pump but I'm expecting already that it's going straight to the bottom anytime and there's no waiting for the new ATH or even a pump beyond $50k anymore.

[btc_angela]

This could be another fake out runs?

We should have experienced a pull back when the price hits $38k but then suddenly it went as high as $41k and could reach $42 this week.

But I'm not that confident in this kind of market move, there is a possibility that we might see another retrace, hence, $40k is broken again. So let's see how it pan out.

Sadly, it is now in $39k which then expected to continue to drop and there are no news that's going to support it to pump back to $40k. We are literally facing the bear this time if it continues to drop down to $35k and so on but if there's a News that's going to support it a bit it might pump but I'm expecting already that it's going straight to the bottom anytime and there's no waiting for the new ATH or even a pump beyond $50k anymore.

I was not expecting this, I thought that the market will continue above the $41k price pump. And then when I check the price today, I was a bit surprised to see it going below the threshold of support of $40k.

Anyhow, it's obvious that we are in a bear market, so every news will surely affect the market in a negative or positive way. It's going to be weekends so the volume might be weak, but hopefully in Monday we can bounce back again.

[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.

Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.

On the contrary, my prediction is also wrong, $45k is not going to be reach with how the price is moving in the last 24 hours as it goes down again, to $39k. So there is no momentum, no push at all from the bulls. And even there is such positive news from Australia, still the market can't hold as there is obvious selling pressures. Full week now before the end of April, and hopefully $40k could still be the price.

[sayaya17]

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.

Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.

On the contrary, my prediction is also wrong, $45k is not going to be reach with how the price is moving in the last 24 hours as it goes down again, to $39k. So there is no momentum, no push at all from the bulls. And even there is such positive news from Australia, still the market can't hold as there is obvious selling pressures. Full week now before the end of April, and hopefully $40k could still be the price.

Everyone seems surprised by the price of Bitcoin dropping back to $39k, whereas previously Bitcoin managed to rise to $41k. I also thought
the price of Bitcoin could continue to rise and pass the $45k price, but the reality is not like that. But I'm still quite optimistic that the Bitcoin price
won't drop any lower, because it's been down to $38k before, not long after that the price went up again. So don't worry about the Bitcoin price
dropping right now, because it's a common thing that happens. As long as we can be patient and have faith in the future of Bitcoin, there is no need
to doubt the current situation. Because the decline in Bitcoin will not last long, in current conditions we only need to hold the Bitcoin we have.
Due to panic and selling Bitcoin at a low price, it's a mistake and we should not do it if we do not want to regret it later.

[KennyR]

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.

Only 9 days left to the end of April, if Bitcoin continues to maintain its slow and steady gains, we can expect a price of $45k for this month without any FUD. Previously, I was expecting $50k for the end of April target but it seems all my predictions fell short of expectations. Indeed, we need positive news to have the momentum to push bitcoin to the $50k, news of Australia launching Bitcoin ETF and Ethereum ETF was the reason for the slight increase in Bitcoin but it was not enough to cause Bitcoin to spike.

On the contrary, my prediction is also wrong, $45k is not going to be reach with how the price is moving in the last 24 hours as it goes down again, to $39k. So there is no momentum, no push at all from the bulls. And even there is such positive news from Australia, still the market can't hold as there is obvious selling pressures. Full week now before the end of April, and hopefully $40k could still be the price.

Though there is good news from Australia, the market is not that reactive. The US Dollar Index have bounced and the same has impacted the market downwards. Bitcoin tried to maintain the $40k support, but it wasn't able to withstand and failed. This further tested the momentum and the price fall back to $39200. Now there is continued price fluctuation resulting in the price movement within limits.

[TheGreatPython]

the previous high is $45k and that should be the target. But in any case, it seems that we are not going to reach that price. So for me hovering around $43k at the end of this month is not that bad. We need more positive news though, it seems that the Terra pumping did it's share to push the price as high as $48k. But that's it, we need more good news coming from institutions or government around the globe so that investors trust are back in the market because they seems to be in the middle right now.

The target according only to this thread is 40k or above and we already achieved it long time ago but all of us can set our own different targets. Some users like you have a target of 45k because this was seem hard to achieve for a while while others have a higher target than this one.

In my case, my target right now would be 50k and above. Don't say that 45k is not possible. Nothing is impossible in btc. We still have 9 days and the price now is green again. Bitcoin could catch up before we end this month. About that terra news, I think that doesn't contribute anything but the price is already at 48k just before that news came out.

[Oceat]

This could be another fake out runs?

We should have experienced a pull back when the price hits $38k but then suddenly it went as high as $41k and could reach $42 this week.

But I'm not that confident in this kind of market move, there is a possibility that we might see another retrace, hence, $40k is broken again. So let's see how it pan out.

Sadly, it is now in $39k which then expected to continue to drop and there are no news that's going to support it to pump back to $40k. We are literally facing the bear this time if it continues to drop down to $35k and so on but if there's a News that's going to support it a bit it might pump but I'm expecting already that it's going straight to the bottom anytime and there's no waiting for the new ATH or even a pump beyond $50k anymore.

I was not expecting this, I thought that the market will continue above the $41k price pump. And then when I check the price today, I was a bit surprised to see it going below the threshold of support of $40k.

Anyhow, it's obvious that we are in a bear market, so every news will surely affect the market in a negative or positive way. It's going to be weekends so the volume might be weak, but hopefully in Monday we can bounce back again.

I think it would bounce back since the price right now is almost at $40k but I'm worried it won't last long since it did touched the $39k it might continue to stay on that price for the next week then continue to drop again. I hope it won't drop even more but if it's going then consider that we are in a bear trend already and that's the time we have to HODL!

Maybe that's the time to start accumulating or wait for where the bottom?

[Chato1977]

The bitcoin price is getting more and more worrying at the moment, even though the bitcoin price has broken through the $40k holding price. market conditions need to be a little wary of and now many investors are still holding on to invest. I think for now there is no need to rush to invest large sums and it is better to trade fast.

for couple of days ,. Bitcoin price stays below 40k and this is something we can assume of 2 things? either we are having another Bull? or this will be the sign of bearish?btut what ever happens? one thing i wanna sure and that is i will keep mine till the price reaches 100k finally.
this is my Only goal so far to have my funds holding for that period of time as i have better plans in real life after that.

[the ghabbar]

The current market situation looks like a recovery. Along with bitcoin, altcoins are starting to rise, which is positive. Maybe bitcoin will come out of the accumulation zone and then we will see a full bull run, but for that we need to consolidate above 47k. Hopefully that will happen in April. By the way, with bitcoin recovering so slowly, altcoins are performing better.

Bitcoin's reaction in the market actually reverses with its usual conditions, which we often see bitcoin strengthen and then be followed by altcoins, but that's the market condition, when an analysis is made, it is possible that it is wrong, therefore it cannot be used as a reference as a source of trust, and under these conditions I believe bitcoin will experience a slow recovery, until it reaches the highest price point for the future

[Wong Gendheng]

I think the price of $40 has lasted more than 5 months and in my opinion is the longest record since the last year, the good thing is that when the market drops below $40k it even reaches $32k and then it can skyrocket again to the level of $40k, hopefully a bull run will happen soon and the price can reach new ATH again.

[Mamun74]

I think the price of $40 has lasted more than 5 months and in my opinion is the longest record since the last year, the good thing is that when the market drops below $40k it even reaches $32k and then it can skyrocket again to the level of $40k, hopefully a bull run will happen soon and the price can reach new ATH again.

Bitcoin early dropped in 2022.It's staying around $40k.February to March bitcoin dropped and reached under $33k. But now bitcoin price under $39k.Market condition very hard. I also hole bitcoin price will be more rise again This year. Cz people still love the bitcoin investment. Bitcoin investment increasing to countie.I hope bitcoin price will grow up and bitcoin will be surpassing us end of November this year.

[South Park]

I think it would bounce back since the price right now is almost at $40k but I'm worried it won't last long since it did touched the $39k it might continue to stay on that price for the next week then continue to drop again. I hope it won't drop even more but if it's going then consider that we are in a bear trend already and that's the time we have to HODL!

Maybe that's the time to start accumulating or wait for where the bottom?

This week has not been very good for the market and bitcoin is now being traded for 38k dollars, which is kind of odd as I would have expected this week to be a good one for bitcoin and yet that is not being the case, however even if this is something to worry about at the same time I do not think the price is going to go that much lower, as institutional investors are always looking for opportunities to get more bitcoin at low prices and right now it seems like the perfect opportunity to do so.