Will the price of BTC ever hit $40k again?

[Mpamaegbu]

I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

If you met the circle before this last one you wouldn't be scared as to asking this question. When Bitcoin hit its low of $3k+ after it did $19k+ in 2017, many thought that was going to be its end. Like a phoenix it is, it showed up again and did over $64k in 2021. At its current price of less than $24k, those coming newly into this game will think it won't spring back and above $64k. I'm banking on Bitcoin to do more than a triple on its last ATH of $64k. My confidence is that high on this because I've seen such rebound replicated twice since I joined this industry. OP, asking if Bitcoin would get to $40k is belittling what it can do.

[1715026880]

1715026880

[coolcoinz]

I'm almost 100% sure it will not only reach $40k but $60k again. The only question is when.

Here's how I see it. Bitcoin is a growing market that isn't promoted by anyone. It relies on its current user base to advertise it and spread the word. It's not a company that buys time on TV. It's not an MLM where you're getting paid by getting a few people to invest. The longer it's around the more people hear about it and start to use it. Knowing that and limited supply, we simply have to slowly go up in price, especially that fiat money like USD faces growing inflation. $10 from 2020 when bitcoin was worth 20k is not the same $10. It's purchasing power is 10% lower, so if the inflation continues, in 10 years your 1BTC will be worth around 40k, even if the demand doesn't grow and it will grow because we have halvings which are another important factor that decides the price.  

[|MINER|]

~snip~

Yes of course there will be no question whether Bitcoin will reach 40K. But even though the market conditions have stabilized a bit in the past few days, I think we still have to wait for a good while to see good pumps. No one can give 100% guarantee that when it will happen it's totally depends on market condition. However, according to many experienced market analysts, the market will start to recover by mid to late 2023.

[cheezcarls]

It may or may not happen anytime soon. We cannot predict the market man. With the upcoming merge of Ethereum next month, there are no guarantees or promises if the price of Bitcoin would shoot up to $40k unless the next "Elon Musk" is going to successfully hype us later on. Just my two sats.

[chaser15]

I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

In terms of possibility, yes. $40,000 is considered a realistic price that can be achieved.

However, is reaching $40,000 really a must-question that we need to ask? Why ask that in the first place? Why not just focused on our goals to increase our stash while waiting for our respective moon price?

Since there's no way we will know when will bitcoin price will hit that price level, just go with the flow of the current trend and do your best to accumulate bitcoin as much as possible. That should be your task for now instead of thinking about when your preferred bitcoin price will hit.

[GeorgeJohn]

I hope that Bitcoin will return to prices above $40k, unfortunately all markets force all digital currencies to be subject to a 4-year cycle, surely everyone understands that what a 4-year cycle is, which starting in the middle of 2018 where all prices fall drastic and rising again in 2021, everything started to rise and is now in the scenario of a repeated cycle, we hope that there will be a change in the cycle and hope that at the end of the year there will be an increase, at least prices in all markets can stable and no panic from everyone...

In actual since nobody knows the roots of cryptocurrency and especially bitcoin method of increment. And secondly, it's very obvious that Bitcoin have experience all this issues and situation of dragging down and after sometimes it rise again and meet up the standard of it. Direct to the question.bitcoin have the tendency to ascertain any price limit it wants because it not been regulates by anyone.

[dark1234]

basically bitcoin is still in bearish period and anything can happen even if we don't expect it.
and now many world figurs give an opinion / assumption that can be said to be unfriendly to bitcoin so that it adds to the panic value of traders, whether it is a sincere opinion or just wanting to catch fish in the market
like Peter Schiff, US Economist says that Bitcoin is forming a very bearish pattern. which indicates that the market will tend to fall. He also predicts that Bitcoin will retest

[Kelvinid]

I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

Perhaps you are new and I understand that but you also have to dig deeper and make more searches from the past.
Well, as we can't deny that people are more excited about the upcoming halving and they are optimistic about the market price. You can also make yourself believe as well that we can possibly double our price today or even more. If you can just see OP, the last 2017 bull season BTC had reached almost $20,000 and last year was around $67,000. And from that, you can definitely say that $40,000 was really achievable.

[sayaya17]

basically bitcoin is still in bearish period and anything can happen even if we don't expect it.
and now many world figurs give an opinion / assumption that can be said to be unfriendly to bitcoin so that it adds to the panic value of traders, whether it is a sincere opinion or just wanting to catch fish in the market
like Peter Schiff, US Economist says that Bitcoin is forming a very bearish pattern. which indicates that the market will tend to fall. He also predicts that Bitcoin will retest

Although the price of Bitcoin has stabilized above $20k for a few weeks, it can be said that it is not safe, because there is a possibility of the price of
Bitcoin could drop again to below $20k. As you said right now we are still in a bearish trend, so there is a possibility that the price of Bitcoin will
drop lower. Even so, we don't need to worry about the current market conditions and also the large number of FUDs in circulation. Because Bitcoin
has been proven several times to be able to recover back to the ATH price, so I am very optimistic that Bitcoin can return to the $40k price,
although I'm not sure the price of $40k Bitcoin can reach this year. Most importantly we just focus on collecting as much Bitcoin as possible right now,
so when Bitcoin hits $40k again, we can make big profit.

[STT]

My view for a while was we spend 2022 doing pretty much nothing.    No big gains, no great movement beyond just retreading our own footsteps because thats what the market requires and needs to establish and confirm itself as valid.    The market always matters more then what you or we want, tough luck like that but you take the gains so the pain is the price also its not free.
   Even with a negative view 40k its possible, base reasoning to argue is volatility.   Volatile pricing is like a Richter scale, its not helpful overall but it means we can gain big or lose large amounts and we're not over volatility in crypto and outside of its sector such as the Forex and Bond markets will express volatility.   That makes crypto able to reach 40k again without requiring optimism about the global economy.

The main point is that BTC isnt even especially harshly sold, its lost its top half or best gains and when I say lost I dont care about peak prices because they arent half as significant as the most regular pricing put in at the base of the chart.  The majority of volume is built in anticipation, the correct view of BTC is we are neutral and if you dont reflect that perfectly normal attitude you are the negative not the market.
  Markets dont serve you, the primary purpose to make sure they continue to operate and serve the majority and highest volume possible, whatever price is necessary .

[Davian144]

to predict the price of bitcoin, is a difficult thing, but in my opinion the price of bitcoin in the future will reach 40 thousand dollar or even more than that., as more and more people invest in bitcoin.

How do you know that now more and more people are investing in Bitcoin? because I only see the amount of demand and supply on Bitcoin is getting better so the opportunity for Bitcoin to be at that price is also more possible on the condition that there is no more decline in the market or a large bear market in Bitcoin.
I don't doubt Bitcoin for that, but I only doubt it will achieve in the near future because Bitcoin price is still under $25K right now.

[Pujangga]

I am optimistic that the price will return to $40k soon, there are many indications that can make us optimistic and what we often hear is that more and more countries are legalizing or making bitcoin an accepted asset, this will certainly make the demand for bitcoin continue to increase.

[BITCOIN4X]

How do you know that now more and more people are investing in Bitcoin? because I only see the amount of demand and supply on Bitcoin is getting better so the opportunity for Bitcoin to be at that price is also more possible on the condition that there is no more decline in the market or a large bear market in Bitcoin.

The halving will make more people invest in bitcoin, it will happen in the future because there is belief about the price can increase and reach ATH after the bitcoin halving. Don't you think it can affect people's interest in investing in bitcoin?

I don't doubt Bitcoin for that, but I only doubt it will achieve in the near future because Bitcoin price is still under $25K right now.

In the short term I also think that it's hard to expect bitcoin to hit $40K and I'm not even sure it will happen this year. But you can expect it to be achievable in the long term even if it's just a possibility.

[btc78]

I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

If you are asking for Ever? meaning not today not tomorrow instead in any time? then if thats the case then my answer is completely YES .

Bitcoin had reached more than that , and even will reach more than the ATM so expecting this to happen is indeed but the time prospect is the problem if when to happen and how much it could be.

[arwin100]

I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

If you are asking for Ever? meaning not today not tomorrow instead in any time? then if thats the case then my answer is completely YES .

Bitcoin had reached more than that , and even will reach more than the ATM so expecting this to happen is indeed but the time prospect is the problem if when to happen and how much it could be.

The answer would provably yes since there are so many times that bitcoin hit the floor so bad but it recover and hit again another all time high which people didn't expect. So if talking about future most provably it is since adoption level is so high and government is quite interested about its global demand so maybe this one could bring huge demand which can create a organic bull run for bitcoin.

[Zanab247]

Yes, the price will hit back to $40k any moment from now, because the price has started improving in the market which before the end of next month the price will increase higher to reach $40k or $49k for people to start selling their bitcoins to make a good income from their investments in the community. Just relax your mind, the price of Bitcoin will definitely increase higher in this month of August for you to believe that the price will reach $40k again.

[globalpain]

I am optimistic that the price will return to $40k soon, there are many indications that can make us optimistic and what we often hear is that more and more countries are legalizing or making bitcoin an accepted asset, this will certainly make the demand for bitcoin continue to increase.

before Bitcoin is able to break through the heavy resistance at $30k, the price of $40k for bitcoin is still just a dream,
yes we know that the price of $40k is still fairly rational,
but we also have to know how the state of the world economy is and its impact on cryptocurrencies,
because this week ago the price of bitcoin fell because of high interest rates.

[piebeyb]

why not, if in the near future the price of bitcoin touches $30k of course we will go above $40k again, so waiting for it is indeed annoying but believe me sometimes what we hold can produce bigger profits, stay calm and HODL

[Wawa2013]

why not, if in the near future the price of bitcoin touches $30k of course we will go above $40k again, so waiting for it is indeed annoying but believe me sometimes what we hold can produce bigger profits, stay calm and HODL

If there are people who still doubt the future of Bitcoin, then that person is not studying Bitcoin properly. If people have studied Bitcoin and
know Bitcoin, then they will believe Bitcoin will definitely return to the price of $40k. In fact I am optimistic that Bitcoin will not only return
to the price of $40k again, but I also believe that Bitcoin can reach a price of $100k. The problem is that no one knows when Bitcoin will return
to $40k again, especially now Bitcoin is quite difficult to get back above the price of $ 25k. That's why it's much better to learn to be patient,
because Bitcoin is a very good for long-term investment. As you said it is exhausting holding Bitcoin, but Bitcoin has proven that it will provide
big profits for people who can be patient holding Bitcoin. So our annoyance can be paid off if the Bitcoin that we are holding finally pumps up
to the target price we want.

[DanWalker]

I observed several changes in the price  within a few months. With these changes, I wish to ask do you think the price of Bitcoin will ever hit $40k again?
I'm just being curious as a new trader.

Take a look at the previous charts of bitcoin, bitcoin fell and rose afterward, and it will hit a new ATH. It's a cycle that always repeats itself. The only thing that we cannot predict exactly is when it will happen, we can only be sure that it will happen in the future.

If you are a trader and you are waiting for bitcoin to hit $40k again then you should buy and hold bitcoin for yourself at this point. It is the best time to buy if your target is 40k$ then you will receive a twofold return. Invest and hold, and bitcoin will come and pick you up.