Bitcoin is ready for $40k

[Dr.Bitcoin_Strange]

I know that the market is usually not very accurate, judging by predictions and some analysis by market experts. I also know that the market can be very dynamic and can get influenced by some economic news that can just trigger the price to see a big uptrend 📈. At the moment, I don't think Bitcoin would still get to $40k this month or next;  although it's just my speculation,  anything could be possible. If truly it's heading for $40k, that's a Big chance for short term investors to see some profit in their portfolio.

[South Park]

I know that the market is usually not very accurate, judging by predictions and some analysis by market experts. I also know that the market can be very dynamic and can get influenced by some economic news that can just trigger the price to see a big uptrend 📈. At the moment, I don't think Bitcoin would still get to $40k this month or next;  although it's just my speculation,  anything could be possible. If truly it's heading for $40k, that's a Big chance for short term investors to see some profit in their portfolio.

I do not see bitcoin going towards 40k so soon, if anything I think a drop makes the most sense when I take everything I am seeing into account, still the price of bitcoin is so unpredictable that I have been wrong so many times before that it would not surprise me that I was wrong on this instance as well, it is just that such a massive movement when we are so far away from the halving does not make much sense to me no matter how much I look at the charts.

[Wiwo]

Judging with currently available data at hand and bitcoin market chart analysis, we are still very far away from 40k this is so because bitcoin has not built the needed resistance liquidity that will help if the price to move to that speculated amount and what is most expected right now is how bitcoin could build a resistance value that can provide the market flow needed.

[JoyMarsha]

Bitcoin heading to the $40k range is not happening anytime soon. It has been close to 2 months now since we last seen Bitcoin cross the resistance level of $30k even when we thought that it will do that a few days back.

The way I am seeing the whole scenario of the bitcoin price heading at $40k will be around August. For this month and next month, bitcoin won't go above $35k. Anything that would make it go above the speculated price will be good news

[arimamib]

Judging with currently available data at hand and bitcoin market chart analysis, we are still very far away from 40k this is so because bitcoin has not built the needed resistance liquidity that will help if the price to move to that speculated amount and what is most expected right now is how bitcoin could build a resistance value that can provide the market flow needed.

The current situation is a lot of fud circulating on social media and maybe the first is sec accusations against binance and coinbase which made the market situation in the past two days continued to turn red which resulted in a decrease in btc prices. To reach $40k in the near future I think it will be achieved if in this case binance is able to ward off all accusations from SEC in court later because this will increase the confidence of investors to invest in bitcoin.

Apart from that I think the chart provided by the Op is quite impressive where we just need strong market support to form a resistance point which must be broken before we see btc at $40k.

[Lantind]

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.

That is a good number to suggest if he is getting ready to take the $40k spot in the near future, but will this happen, right now Bitcoin price is still under $30k more or less, and it is still in the low price zone, may require a significant increase if it is to go up to $40k in the near term. but it looks like this will be difficult to break if in the near future.

[Baofeng]

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.

I don't know, with the Binance news recently, we are now in a challenging position, so for me it will remain in the sideway patterns as the TA might be invalidated because of the said news. So I wouldn't be surprised if we are going to retest $25k this month and then see if we are going to hold or not.

But it's a good thing though, when the market is on a sideway patterns, it means there are balance around, buyers<->sellers. So we will see if there will be a breakout run, it might not be this month of June. But perhaps marching towards the end of the year, we might see the price hitting $40k-$50k.

[STT]

Bitcoin heading to the $40k range is not happening anytime soon.

It can happen, never say never because we all know BTC can move like a locomotive with good momentum.   However right now we have to say BTC and crypto in general is lacking that kind of inertia to break down any barriers to higher prices.   Theres no threat higher and imo I dont really expect much lower either, the support from prior highs is likely enough to keep us in this area for a while.
   Overall the market may be more stagnant over the months till we reach the end year quarter where traditionally markets can be more active.   There are expectation that various central banks will transition policy to develop into better trading opportunities till then its all speculation which means sideways in sum total is the most likely path for now.

[taufik123]

I don't know, with the Binance news recently, we are now in a challenging position, so for me it will remain in the sideway patterns as the TA might be invalidated because of the said news. So I wouldn't be surprised if we are going to retest $25k this month and then see if we are going to hold or not.

But it's a good thing though, when the market is on a sideway patterns, it means there are balance around, buyers<->sellers. So we will see if there will be a breakout run, it might not be this month of June. But perhaps marching towards the end of the year, we might see the price hitting $40k-$50k.

currently TA is becoming more chaotic because of the bad news aimed at Binance.
This is Fundamental Analysis and of course it will also synchronize with Technical Analysis.
Currently the Bitcoin price is still stuck in the $26,300 price area and if it resets at 0.33 Fib again at $25k it is quite dangerous if the support is broken.

Breaking the $25k price will enter the Flip Trend area and it will go to Bearish support in the $15k price area.
But hopefully the shock this time Bitcoin can still withstand it and there will be a bounce in the $26-$25k price area towards $40k.

yes hopefully the price can reach $40k-$50k towards the end of the year.
May and June will be bearish months as in previous years.

[Sexylizzy2813]

If no negative news emerges, there is still a possibility that the Bitcoin price will head towards the $28K - $29K range first. In its development, Bitcoin can gradually move towards the range of $40k.

I really pray for positive news to come up because I still ask myself if the price will rise to 30k+ plus some day. Seeing how it doesn't leave $25-$28k+ makes me feel that it won't come to $40k or even $45k, because I'm expecting it to be @ $60k some day. For almost 3weeks now have been seeing same figure and my question is when will it go up and stay up for a longer period of time?
Thought it was suppose to be on a higher side (I mean the price of Bitcoin) this year or are we not in that month yet?

[Poker Player]

Yes of course, getting ready for $40K but the question is when. Considering that it is a 50% return from the current level I don't think we will get there this month, as I see no reason for a parabolic rise like the ones that occur in bull markets. On a more sustained basis I would expect us to reach $50K in the coming months, as well as $50K, because if a pattern similar to previous cycles is repeated, the pre-halving year should see such a rise, followed by a subsequent fall, to enter the bull run proper after the halving.

[Bitcoin_people]

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.

The Bitcoin market was in the $27k range this week but suddenly dropped to $25k yesterday. It doesn't mean that the market will be in the same position again after it went back to the previous position.  But we can expect that the Bitcoin market is unlikely to grow that much this month. So we may not go to $40000 this month maybe $30k-$35k is more likely. We have seen a lot of swings in Bitcoin this week and the position the market has taken it will definitely take some time for it to go into a bull market. But we can believe that when the next bull market starts, we will certainly reach $40,000.

[Zilon]

Many thinks Bitcoin broke the support zone but remember it hasn't retested. It will need to retest that zone several times and will only move to the bull direction when the price stays above the support zone regardless of how many times it retested. But since there is a pin bar formed at the support zone which is almost similar to a hammer DCA at that support zone will be a wiser investment strategy.

[SmartGold01]

It is hard to know the logic behind bitcoin price, when witness $30,500 to about $31k I was thinking it has break out to forward hit $35k and above, i never knew that we are going to see even $25k. So moving from $26k+ to 40k within this month of June is of something couldn't rely on, I know everything is possible in cryptocurrency but the margin is much all the way from $26k to $40k.

[fzkto]

Many thinks Bitcoin broke the support zone but remember it hasn't retested. It will need to retest that zone several times and will only move to the bull direction when the price stays above the support zone regardless of how many times it retested. But since there is a pin bar formed at the support zone which is almost similar to a hammer DCA at that support zone will be a wiser investment strategy.

Halving is less than a year away. So now is a very good opportunity to buy cheap bitcoin. It doesn't matter if the support is broken and the price goes down. The main thing is to have the money to buy bitcoin at a low price and to have patience. In a few years there will be no more prices like that. History repeats itself regularly. Many people will wish they had bought now.

[laurenB7742]

Judging with currently available data at hand and bitcoin market chart analysis, we are still very far away from 40k this is so because bitcoin has not built the needed resistance liquidity that will help if the price to move to that speculated amount and what is most expected right now is how bitcoin could build a resistance value that can provide the market flow needed.

The current situation is a lot of fud circulating on social media and maybe the first is sec accusations against binance and coinbase which made the market situation in the past two days continued to turn red which resulted in a decrease in btc prices. To reach $40k in the near future I think it will be achieved if in this case binance is able to ward off all accusations from SEC in court later because this will increase the confidence of investors to invest in bitcoin.

Apart from that I think the chart provided by the Op is quite impressive where we just need strong market support to form a resistance point which must be broken before we see btc at $40k.

Look at the lawsuit between the SEC and XRP that has been going on for years with no end. Therefore, it is not feasible to rely on the results of this new lawsuit to assess the market situation, even though this information has dragged the market down in the past 2 days.
It can be said that OP has the opposite view of everyone, as everyone is more worried than ever when negative news hits the market.
Personally, I have no predictions for the market, in this case, anything is possible. The best thing I'm doing is preparing for the worst that could happen.

[Popkon6]

Bitcoin Price Will Reach 40K This is true because currently Bitcoin price is heading towards cold weather. According to experts, many believe that the price of Bitcoin will increase by the end of 2023.
 But currently the price of Bitcoin is going to be a bit volatile. And there is the 2024 halving which is a plus point for Bitcoin price growth. But very soon the price of Bitcoin will increase and it will take a long time to wait.

[bakasabo]

Bitcoin Price Will Reach 40K This is true because currently Bitcoin price is heading towards cold weather. According to experts, many believe that the price of Bitcoin will increase by the end of 2023.
 But currently the price of Bitcoin is going to be a bit volatile. And there is the 2024 halving which is a plus point for Bitcoin price growth. But very soon the price of Bitcoin will increase and it will take a long time to wait.

As usually, as soon as Bitcoin shows any signs of recovery (after a SEC vs Binance case price drop), people already start to talk about reaching far milestones. What indicates that Bitcoin price will grow? I dont see any major improvements on the horizon. Halving wont necessary change Bitcoins price into positive direction. Also how can someone understand your last sentence? You write "soon" and "will take long time to wait" in one sentence. How can this be ? Anyway, dont get trapped by false market price change.

[yudi09]

-snip-
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.

Price discussions are always interesting and most actively discussed. Various speculations were born after looking at the price charts on the market.
Especially at this time, it's still not convincing or not ready to go to $ 40K in the near future because the market situation is still shy to move with various issues that arise one after another.

Before Bitcoin goes to the price of $40k, it needs careful preparation that we must prepare because rising and falling prices will not wait for our readiness and the rise of Bitcoin to a price of $40k will not tell us.
Some hope that Bitcoin can survive at the current price because they are trying to accumulate or increase the volume of Bitcoin in the portfolio.
I myself just enjoy whatever is going on.

[palle11]

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.

Fibonacci for me is not that reliable to have only it determine the level of price because you can draw it to suite the candle you are targeting. If you are looking at the weekly time frame then this week should close for you to be able to predict on it using the last and closing candle. The current candle buying at $27k though looking bullish may have a divergent and end on bearish below $27k and around $26k which may signify a bear trend. So the candle has to close for you to redraw another Fibonacci which is always biase and subjective.

I don't understand why investors who are nervous about the news are selling Bitcoin. Bitcoin is independent of exchanges. Binance was sued today and another exchange could be sued tomorrow. This shouldn't affect Bitcoin.

Weak hands are not the whales, so they will run away because they don't want to have a little drop in the value of their coins. They only cause a little fear because they are not major hodlers.