Bitcoin is ready for $40k

[Mario Yamasaki]

Today there was another correction so the price fell below $30k, of course I never thought that the price would fall below $30k, maybe this is a trap made by whales because they want to buy cheaply, but let's not panic and sell too, better to keep buying because the bull run is coming soon.

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[fzkto]

Today there was another correction so the price fell below $30k, of course I never thought that the price would fall below $30k, maybe this is a trap made by whales because they want to buy cheaply, but let's not panic and sell too, better to keep buying because the bull run is coming soon.

So far it cannot be called a correction. The price has not fallen much, it is still a normal sideways price movement. If the price falls to 25k, it will be a real correction. In the meantime, the price can bounce back above 30k at any time.

[onecall123]

Today there was another correction so the price fell below $30k, of course I never thought that the price would fall below $30k, maybe this is a trap made by whales because they want to buy cheaply, but let's not panic and sell too, better to keep buying because the bull run is coming soon.

The thing is, if you truly believe in Bitcoin as a new global payment system, it's highly possible that its value will rise significantly due its scarcity. Instead of panicking during any market fluctuations, it's necessary to stay motivated always. Just remember that you won't have more traditional currency to keep buying Bitcoin, but what you'll need more buying power.

[OgNasty]

I expected to see a pullback, but I am a little surprised that it’s happened while the stock market is rallying so hard. Tech stocks seem to have been given the all clear to get back into rally mode. The NASDAQ is going crazy and yet Bitcoin is down slightly while investors are fleeing Coinbase stock. It’s like they know something we don’t.

[RewFrew]

Chart Timeframe: Weekly

You can clearly see how the Bitcoin Price broke the resistance at 0.33 Fib level and now this week, it made it a support.
I am speculating that we are about to head to the $40k Range.

Let me know what you think about it.

Exactly you are right, we are go head to the $40k. We are seeing Bitcoin price holding desistance level.? Long time bitcoin price near about $30k i think within short time Bitcoin price will hit $40k. I also think when ETF will approve then bitcoin price will go to moog. Gradually Bitcoins price increasing. I think it will continue. Now bitcoin is very popular. It's usability increasing day by day. My thinking now we are in bull.market. I am aspecting within this year Bitcoin ywill touch $100k. So it is very easy to understand bitcoin price will price is ready to touch $40k. And it will touch $40k withn next month.

[Joshapat]

I didn't think that the price could red again below $ 30k, but I'm optimistic that the current correction is only temporary and the price will soon rise, in 1 or 2 weeks the price will return to $ 30k or even more, if we want big profits then it's the right opportunity to buy before the price is expensive.

[TravelMug]

I didn't think that the price could red again below $ 30k, but I'm optimistic that the current correction is only temporary and the price will soon rise, in 1 or 2 weeks the price will return to $ 30k or even more, if we want big profits then it's the right opportunity to buy before the price is expensive.

We did take a dip but the we quickly bounce back to $30k again and that is a good news for us.
But as far as $40k goes, hmm, it's getting to be another rough road for us. We need to get back to $31k first and then maintain that price this month. I thought that we can get to even $32k at the end of July but it seems market has slow down a bit.
So we will see, we have like 2 weeks before the end of this month and hopefully there will be some semblance of a small rally.

[fzkto]

I expected to see a pullback, but I am a little surprised that it’s happened while the stock market is rallying so hard. Tech stocks seem to have been given the all clear to get back into rally mode. The NASDAQ is going crazy and yet Bitcoin is down slightly while investors are fleeing Coinbase stock. It’s like they know something we don’t.

Maybe someone really knows something. But I'm also surprised that the stock market is doing well and bitcoin is treading water. But still there is hope that the key level will be broken soon, because bitcoin seems to be fixed above 30k. In any case, the price is stable in a narrow range.

[Asuspawer09]

It is obviously going to happen at any moment now Bitcoin could possibly skyrocket to 40k$ that's for sure I mean yes there is a bit of resistance around 30k$ in the past day and it already climbs to 31k$ in the past few days but still we notice that the price still didn't drop a huge percentage even though the FOMO hit even though the XRP drop its article and announcements, we can expect a drop in the coming weeks that I think it could easily bounce back because it's already gaining its momentum. I mean most of these things doesnt really matter as long as you already position yourself in the market you could just wait for the market price to skyrocket, I already accumulate a lot of Bitcoins in the past months after the bull run big drop, and I'm still buying until now even the market price is kinda high compared to the past weeks, I just increase my buying power every time the market price drop and lower it when the price increase it wasn't a big difference that when the bull run hits after the Bitcoin halving for sure it's going to be a big profit.

[Davian144]

Today there was another correction so the price fell below $30k, of course I never thought that the price would fall below $30k, maybe this is a trap made by whales because they want to buy cheaply, but let's not panic and sell too, better to keep buying because the bull run is coming soon.

The correction that is happening now is not a trap from the popes, but indeed a normal correction that used to happen very often in the market. You can see the percentage of the correction that is happening right now which is still not too far away at $30K so it is still very possible for Bitcoin to go back past $30K this month because Bitcoin is still very strong in that area. So this is not a trap from anyone.

So far it cannot be called a correction. The price has not fallen much, it is still a normal sideways price movement. If the price falls to 25k, it will be a real correction. In the meantime, the price can bounce back above 30k at any time.

That's right, but a small correction should also be considered a correction although in the near future the Bitcoin price could also bounce back to $30K because the correction was also not that deep and still very close to $30K, so this should also be considered a correction even if it is a very small thing.

[bitzizzix]

I didn't think that the price could red again below $ 30k, but I'm optimistic that the current correction is only temporary and the price will soon rise, in 1 or 2 weeks the price will return to $ 30k or even more, if we want big profits then it's the right opportunity to buy before the price is expensive.

The decline or correction that occurred in the movement of bitcoin is still relatively healthy even though it experienced a slight decline below 30k in the end it returned to 30k, and hopefully the price of bitcoin does not fall below 28k. Because if that happens there is a possibility that the bitcoin price will return to 25k and hopefully that won't happen.
but if the bitcoin price returns to 31k in the near future there is a possibility that 32k and so on will be reached at the end of july, but this month it will not reach 40k.
and buying bitcoins now is still a good time as long as you are aiming for the long term.

[Baofeng]

I expected to see a pullback, but I am a little surprised that it’s happened while the stock market is rallying so hard. Tech stocks seem to have been given the all clear to get back into rally mode. The NASDAQ is going crazy and yet Bitcoin is down slightly while investors are fleeing Coinbase stock. It’s like they know something we don’t.

Maybe someone really knows something. But I'm also surprised that the stock market is doing well and bitcoin is treading water. But still there is hope that the key level will be broken soon, because bitcoin seems to be fixed above 30k. In any case, the price is stable in a narrow range.

For stock market, maybe they have inside information, and most likely this is what happening as investors  are pouring their money on NASDAQ and probably withdrawing their crypto and shift it. And that's why Bitcoin market is currently down below our support line of $30k.

Nevertheless, I don't think that this will last long, sooner or later this big shot Wall Street investors will go back to Bitcoin investments. That's how many are made by this smart people, they constantly move their money to make more money.

[Onyeeze]

The chart of bitcoin price that is showing positive in bitcoin chart can we believe that bitcoin price is relying on chart to strength effect in market, because I have seen so many people analysing the price of bitcoin with chart and after predicting with the chart of the Market and later bitcoin falls, does it mean that the people who present the chart does not know exactly what the arrow of the chart means why if they predict positive in the chart and the price bitcoin will go negative, and why so many people and predictors get different predictions of bitcoin price in the market

[Dave1]

The chart of bitcoin price that is showing positive in bitcoin chart can we believe that bitcoin price is relying on chart to strength effect in market, because I have seen so many people analysing the price of bitcoin with chart and after predicting with the chart of the Market and later bitcoin falls, does it mean that the people who present the chart does not know exactly what the arrow of the chart means why if they predict positive in the chart and the price bitcoin will go negative, and why so many people and predictors get different predictions of bitcoin price in the market

I don't think it's showing positive chart, on the other hand, we are already in a dip and so the chart might be pointing that the price will go down obviously. But the thing is that TA is not 100% accurate so who knows, maybe we can go to $30k again and stay on that price.

Short term, like in the next 3 months, for me, Im seeing the price that it could go as high as $40k. We might see a bullish chart specially approaching Christmas time as I will assume that bitcoin enthusiast are going to buy in preparation of the bull run.

[yohananaomi]

I didn't think that the price could red again below $ 30k, but I'm optimistic that the current correction is only temporary and the price will soon rise, in 1 or 2 weeks the price will return to $ 30k or even more, if we want big profits then it's the right opportunity to buy before the price is expensive.

Bitcoin is indeed stable; there will be no movement to improve, and the current situation is not a decline but stagnant. Bitcoin will return to its previous range and continue like that. Even for me, if later there is a correction to around $20K before the end of the year, of course this is bitcoin's momentum to prepare for entering the era of the halving period, which will occur next year [2024].It is certain that there will be a slow movement to continue to increase until the following year, when ATH will form again.I totally agree with you; of course, this is an opportunity to continue to buy and hold until the time comes.

[STT]

Good action today, nothing definitive but lows are fib level prior BTC volume during this year and previous.  High of today is a recovery back to the 50 day average area, while it remains below that measure its showing plenty of fight after an extended subdued period of time.   Not yet ready for 40k but showing the kind of action I would expect in the weeks before mounting an attempt to properly return to a level similar to a 40k target.

[n0ne]

Today the market have moved good. For a long the price was around $29k and today it had gone closer to $30k which is a good rise in the price. People are more positive with the price movements. The small market progress have made people to think of reaching $40k. We'll see increase in the price over the coming weeks, but $40k isn't assured. In between there is more chance for price correction. Over the price correction the price could move on the bullish or it can get back to the bear market reaching the price from which it started to bounce.

[Yaunfitda]

Good action today, nothing definitive but lows are fib level prior BTC volume during this year and previous.  High of today is a recovery back to the 50 day average area, while it remains below that measure its showing plenty of fight after an extended subdued period of time.   Not yet ready for 40k but showing the kind of action I would expect in the weeks before mounting an attempt to properly return to a level similar to a 40k target.

Yeah, I was out the whole day tomorrow, wasn't able to login, but checking the price and I was surprised to see that there are good price actions, and it did almost touch $30k? or did it actually touch it?

Nevertheless, what the OP has laid is especially going to down could have been invalidated by the current price actions. It seems that there could be good news that fuel this whole increased in the last 24 hours and so it's a sign that we might touch $40k at the end of the year, the theme right now is slow but sure increased.

[Ricardo11]

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

[wmaurik]

Yes bitcoin price will touch 40k now. And it will go much further than 40K. Bitcoin price is now poised to rise above 40k as Bitcoin price has been hovering around 30k for almost three months now. Moreover almost all of us know that there is going to be a big bull market in bitcoin which will skyrocket the price of bitcoin and it will be worth around 100k. And in this we can easily understand that bitcoin price will touch 40k and go much higher than 40k.

The price you say is a price that looks quite logical for Bitcoin to reach, but I don't think that it will happen now because at the moment Bitcoin is still running at a price range of $29K to $30K in the market which means everyone has to be more patient if you want to see the price of $40K in Bitcoin. A bullrun is the hope for most people this year and also next, but for $100K it is not very easy for Bitcoin to achieve anytime soon. Because you yourself should be able to draw some conclusions on this when you have watched the price of Bitcoin for the last three months of this year hovering around $30K.