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Author Topic: Bitcoin is ready for $40k  (Read 1300 times)
fzkto
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June 27, 2023, 05:46:58 PM
 #121

The price of Bitcoin has dropped a lot in the past few weeks. As the market went down, the market became almost bearish. However, the way Bitcoin price has been rising for the past few days, it can be said that the market can reach $40k dollars. At the moment the Bitcoin market is close to $31k so it is understood that the market will rise again in a few days. Right now the market is greening which is really a joy because the market is witnessing a bull market. So Bitcoin should be invested right now and held for the long term, there is definitely some hope in the future.
The market has not been bearish for more than half a year. True, it cannot be called a real bull market, but the price is now twice what it was in January, so it is now an uptrend. The recent fall can be called a correction of the uptrend. The last resistance at 30k was broken. Now there is hope that 40k will happen. The big foundations are with us again and should help.

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June 27, 2023, 06:22:22 PM
 #122

The price of Bitcoin has dropped a lot in the past few weeks. As the market went down, the market became almost bearish. However, the way Bitcoin price has been rising for the past few days, it can be said that the market can reach $40k dollars. At the moment the Bitcoin market is close to $31k so it is understood that the market will rise again in a few days. Right now the market is greening which is really a joy because the market is witnessing a bull market. So Bitcoin should be invested right now and held for the long term, there is definitely some hope in the future.
The market has not been bearish for more than half a year. True, it cannot be called a real bull market, but the price is now twice what it was in January, so it is now an uptrend. The recent fall can be called a correction of the uptrend. The last resistance at 30k was broken. Now there is hope that 40k will happen. The big foundations are with us again and should help.
It would be helpful if it stays in $40k for too long but I doubt about that because I think there  are traders out there waiting for that exact moment to gain a profit unless if it's a bull run there's a chance that the price would break past $40k but that's not the case. For now, staying at $30k is just fine whether people want to sell or want to hodl to see if there's more to push with this price but I think it's done testing so perhaps it would go further to what the others want to happen.

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June 27, 2023, 08:52:20 PM
 #123

I think it's a bit difficult if the bitcoin price will immediately reach $40k within this month. Recently the price of bitcoin has been on the decline and the resistance and support levels are not doing much better. Therefore, I am speculating that the bitcoin price will most likely only go above $30k and close to $35k in the next few months.
Bitcoin price can be change at any point in time, so therefore we can not conclude that the price of bitcoin have to continue increasing,  sometimes when the price increases its obvious that bitcoin price will fall to correct it effectiveness in market,  so I believe that bitcoin falling the increment in price will not effective, so therefore bitcoin increment is not determined in a particular point, the price of bitcoin is not constant. So any way you see the price try to adapt to it.

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June 27, 2023, 10:09:05 PM
 #124

I think it's a bit difficult if the bitcoin price will immediately reach $40k within this month. Recently the price of bitcoin has been on the decline and the resistance and support levels are not doing much better. Therefore, I am speculating that the bitcoin price will most likely only go above $30k and close to $35k in the next few months.
Bitcoin price can be change at any point in time, so therefore we can not conclude that the price of bitcoin have to continue increasing,  sometimes when the price increases its obvious that bitcoin price will fall to correct it effectiveness in market,  so I believe that bitcoin falling the increment in price will not effective, so therefore bitcoin increment is not determined in a particular point, the price of bitcoin is not constant. So any way you see the price try to adapt to it.
Many are speculating about the price of Bitcoin, although the speculation is not necessarily true it will only be a rough look at the price of Bitcoin.
We need to see more clearly whether the Bitcoin price will be bullish again and reach $40k in the near future.

Seeing how the current market trend, Bitcoin is still being held at $30k and needs some more positive news to continue to rise.
But the price will certainly correct following the increasingly saturated market pattern.
This correction is still quite reasonable and must be prepared with all the conditions that will occur.

In the next few months, it is hoped that Bitcoin will be able to reach its highest price again or at least reach the last ATH price.
As traders and investors must be prepared for all the conditions that will occur, must be prepared with their respective strategies.

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June 27, 2023, 10:48:32 PM
 #125

The performance of Bitcoin in the past few days is quite interesting, the price is being able to sustain above the $30k price range in the last couple of days which strongly suggests a potential bullish continuation. As much as Bitcoin keeps this level and the month ends, I would not doubt that BTC might even hit 50k towards the end of July.

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July 03, 2023, 02:59:08 AM
 #126

I think it's a bit difficult if the bitcoin price will immediately reach $40k within this month. Recently the price of bitcoin has been on the decline and the resistance and support levels are not doing much better. Therefore, I am speculating that the bitcoin price will most likely only go above $30k and close to $35k in the next few months.
there is always a possibility for improvement and correction, but if I look at the world economic situation it has not yet improved, there are many domestic problems that are happening at the moment which make inflation unavoidable and always have an impact on purchasing power as well as buying bitcoins. but I might agree that if there is an increase it might just reach $35K and that is considered good, because waiting for the right time to move again later, there can be no more correction is of course an extraordinary thing.

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July 03, 2023, 06:39:51 AM
 #127

The price of Bitcoin has dropped a lot in the past few weeks. As the market went down, the market became almost bearish. However, the way Bitcoin price has been rising for the past few days, it can be said that the market can reach $40k dollars. At the moment the Bitcoin market is close to $31k so it is understood that the market will rise again in a few days. Right now the market is greening which is really a joy because the market is witnessing a bull market. So Bitcoin should be invested right now and held for the long term, there is definitely some hope in the future.
The market has not been bearish for more than half a year. True, it cannot be called a real bull market, but the price is now twice what it was in January, so it is now an uptrend. The recent fall can be called a correction of the uptrend. The last resistance at 30k was broken. Now there is hope that 40k will happen. The big foundations are with us again and should help.

Well, actually we are bullish right now, the only problem is that no one can determine if it will go down to 31k$-32k$ or if the value of the Bitcoin market can go down again, because after all, it still depends on the news about the price of Bitcoin. As planned by the FED or the SEC because of inflation this month.

That's why if you read the movement of Bitcoin's value in the market, the movement on the chart is only at normal resistance so far what is actually happening.



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July 03, 2023, 07:24:24 AM
 #128

I think it's a bit difficult if the bitcoin price will immediately reach $40k within this month. Recently the price of bitcoin has been on the decline and the resistance and support levels are not doing much better. Therefore, I am speculating that the bitcoin price will most likely only go above $30k and close to $35k in the next few months.
there is always a possibility for improvement and correction, but if I look at the world economic situation it has not yet improved, there are many domestic problems that are happening at the moment which make inflation unavoidable and always have an impact on purchasing power as well as buying bitcoins. but I might agree that if there is an increase it might just reach $35K and that is considered good, because waiting for the right time to move again later, there can be no more correction is of course an extraordinary thing.
There are many things depends on the world economic situation but Bitcoin is completely different. Because Bitcoin can maintain an upward trend in any bad situation. We experienced the bad situation in the last covid-19. In the current situation it is better to consider Bitcoin as an opportunity. The market has been waiting for a long time to stabilize. Even if the market does not rise to $40K as per the current situation, it can go beyond $35K anytime. Any positive news can trigger a rapid bullish movement in Bitcoin.

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July 03, 2023, 08:08:37 PM
 #129

I think it's a bit difficult if the bitcoin price will immediately reach $40k within this month. Recently the price of bitcoin has been on the decline and the resistance and support levels are not doing much better. Therefore, I am speculating that the bitcoin price will most likely only go above $30k and close to $35k in the next few months.
there is always a possibility for improvement and correction, but if I look at the world economic situation it has not yet improved, there are many domestic problems that are happening at the moment which make inflation unavoidable and always have an impact on purchasing power as well as buying bitcoins. but I might agree that if there is an increase it might just reach $35K and that is considered good, because waiting for the right time to move again later, there can be no more correction is of course an extraordinary thing.
There are many things depends on the world economic situation but Bitcoin is completely different. Because Bitcoin can maintain an upward trend in any bad situation. We experienced the bad situation in the last covid-19. In the current situation it is better to consider Bitcoin as an opportunity. The market has been waiting for a long time to stabilize. Even if the market does not rise to $40K as per the current situation, it can go beyond $35K anytime. Any positive news can trigger a rapid bullish movement in Bitcoin.
Totally unpredictable but if we do really compare out into those fundamentals relevance or effects back in the past compared to now then i could say that economic events is somewhat do really make out some effect on the

market as of today unlike on the past on which it doesnt really care but now? We are seeing the chances or situations on which it do able to affect out and cant really just be able to ignore specially if the news or the fundamentals been playing around is really connected into crypto space just like on that SEC vs Binance which it did really make out that effect. Going back into the topic about readying up for 40k?
Who knows? But the price is showing something bullish considering that we are moving up now and reaching or playing on 31k.If this one would be breaking out then seeing 35k would might be
that possible but we know that there's always a selling point or price on which correction do always happen.

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July 03, 2023, 08:39:40 PM
 #130

The market has not been bearish for more than half a year. True, it cannot be called a real bull market, but the price is now twice what it was in January, so it is now an uptrend. The recent fall can be called a correction of the uptrend. The last resistance at 30k was broken. Now there is hope that 40k will happen. The big foundations are with us again and should help.
Today an increase in the price of Bitcoin was seen again and it is possible to go to $ 40K although Bitcoin still has not broken through $ 32K today because the increase is taking place. I'm pretty sure that Bitcoin will reach $40K within this year, but in the near future it will still take time for Bitcoin to cross $32K and approach $35K with stronger increases. So I also believe that this uptrend is a trend that it is time to make improvements in Bitcoin and in some other cryptocurrencies as well.
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July 10, 2023, 12:24:09 PM
 #131

I would agree that Bitcoin is nearing the next leg up.  I think a little bit of concern around the mtgox situation still remains, but once that is behind us I think we'll end the year in the $40K range.  The real fireworks will begin at the end of next year though.  I think if you're holding Bitcoin here, you have to commit to holding until the 2025 top plays out just to see what you could get if the market does repeat itself again for the 4th time.  I have my concerns whether the Bitcoin economy can survive another massive price increase, but I do suspect we'll get our answer shortly after the next Presidential election in the US.
Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.

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July 10, 2023, 01:47:52 PM
 #132

The market has not been bearish for more than half a year. True, it cannot be called a real bull market, but the price is now twice what it was in January, so it is now an uptrend. The recent fall can be called a correction of the uptrend. The last resistance at 30k was broken. Now there is hope that 40k will happen. The big foundations are with us again and should help.
Today an increase in the price of Bitcoin was seen again and it is possible to go to $ 40K although Bitcoin still has not broken through $ 32K today because the increase is taking place. I'm pretty sure that Bitcoin will reach $40K within this year, but in the near future it will still take time for Bitcoin to cross $32K and approach $35K with stronger increases. So I also believe that this uptrend is a trend that it is time to make improvements in Bitcoin and in some other cryptocurrencies as well.
The new week has not started in a good way for bitcoin. Although the price is still above 30k, the bulls have run out of strength to break the resistance above 31k. It seems to me that the momentum may end in the near future if good news doesn't come to the market again. But for now bitcoin is in a narrow range, altcoins have a chance for a small festival.

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July 10, 2023, 04:29:14 PM
 #133

In the next few months, it is hoped that Bitcoin will be able to reach its highest price again or at least reach the last ATH price.
As traders and investors must be prepared for all the conditions that will occur, must be prepared with their respective strategies.

It is hoped only by people like you, who aren't even really using Bitcoin.

The rest of the real world is not holding its breath when halving is just over a year away. Price hasn't ever really mattered (and probably won't for a long time) as long as you've got use for Bitcoin.

If you're calling yourself a trader/investor and hoping for an ATH over the "next few months", yeah, prepare for disappointment. Feel free to come back to me when I'm wrong.

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July 11, 2023, 04:50:31 AM
 #134

I would agree that Bitcoin is nearing the next leg up.  I think a little bit of concern around the mtgox situation still remains, but once that is behind us I think we'll end the year in the $40K range.  The real fireworks will begin at the end of next year though.  I think if you're holding Bitcoin here, you have to commit to holding until the 2025 top plays out just to see what you could get if the market does repeat itself again for the 4th time.  I have my concerns whether the Bitcoin economy can survive another massive price increase, but I do suspect we'll get our answer shortly after the next Presidential election in the US.
Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.
As long as there is halvings to have, there will be hopes for bull run as well. I know that we are getting closer to a point where halvings will not matter because we are not mining all that much coins anyway and we already have almost all the coins mined and only just a few million left which would be distributed into like next 100 years, so its not going to be much ,we are going to see less than a bitcoin per day eventually if this keeps up.

So it is not going to be ALWAYS like this, but for another halving we are going to be like this, we are going to end up with a great return and should be considering it to be better. I think its important to be a bit more fixated on how we could get better and that's what we are doing now.

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July 11, 2023, 08:13:42 AM
 #135

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.
Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.
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July 11, 2023, 10:04:02 AM
 #136

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.
Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.

The $40k goal isn't really that hard for bitcoin, but if you think bitcoin is no longer affected too much by bad news, that's not entirely true. The future is unpredictable and we cannot predict what will happen. Negative information can come to us anytime, we can be optimistic, but we should not be subjective. Based on the current situation, the bear season is not over yet if calculated according to the 4-year cycle, the world economy has not recovered, and the news around Mt.gox still haunts us...There is much more to be careful than optimistic that the negative news will stop hitting us.

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July 11, 2023, 12:18:52 PM
 #137

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.
Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.

The $40k goal isn't really that hard for bitcoin, but if you think bitcoin is no longer affected too much by bad news, that's not entirely true. The future is unpredictable and we cannot predict what will happen. Negative information can come to us anytime, we can be optimistic, but we should not be subjective. Based on the current situation, the bear season is not over yet if calculated according to the 4-year cycle, the world economy has not recovered, and the news around Mt.gox still haunts us...There is much more to be careful than optimistic that the negative news will stop hitting us.
I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.

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July 11, 2023, 03:36:01 PM
 #138

I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.
40K is difficult? We are just behind of this level and we already climbed up from 16K level. In this bear market Bitcoin has done a mascular gain of it's price and the most important thing is that people are involving in Bitcoin to get prepared for the next halving. That's why demand also increasing and according to technical analysis 30K is a good support zone. And Bitcoin is now touching again and again the 31/32K resistance level to break it.
Also chart is showing a significant gain with a bigger volume so now I am predicting that it's just a matter of time to hit 40k level. But after hitting this level we may see a stable price and start growing the potential altcoins.
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July 11, 2023, 04:20:13 PM
 #139

We are in a good position right now of course there is a possibility of touching 40k by this July. The current position of the Bitcoin market suggests that a good pumping market could be seen within this month. Although we were facing a lot of dumping earlier, it has come back to a good level in the last few months. As we are constantly seeing changes in the Bitcoin market, we can certainly expect Bitcoin to take a better position in the future. and the Bitcoin market will definitely turn into a good bull market after the halving. And we can certainly expect Bitcoin to cross 40k soon this current month.

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July 11, 2023, 11:47:45 PM
 #140

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.
Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.

The $40k goal isn't really that hard for bitcoin, but if you think bitcoin is no longer affected too much by bad news, that's not entirely true. The future is unpredictable and we cannot predict what will happen. Negative information can come to us anytime, we can be optimistic, but we should not be subjective. Based on the current situation, the bear season is not over yet if calculated according to the 4-year cycle, the world economy has not recovered, and the news around Mt.gox still haunts us...There is much more to be careful than optimistic that the negative news will stop hitting us.
I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.
Not that difficult since we are just $10k away from that price, yes there's no way on knowing on when it would happen but if this trend would continue about approved ETF's and other news which are positive on crypto

space then we might be seeing these numbers for this year.This is what i do really hope or anticipating for this year along and the rest would really be pertaining on bull run event on 2024 to 2025 which the price could hit up even more higher than with these digits. This is why it would really be important that you should really just go with the flow and wont really be that too optimistic when it comes to price because
if it wont be able to hit up such level then it would really be just creating that kind of disappointment which is something that you would really be needing to avoid.

Accumulate if it dips or corrects and save up more Bitcoins as much as you can because we wont know on when bull run would kick in but usually this would come after halving event.

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