Bitcoin is ready for $40k

[BITCOIN4X]

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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.

If someone wants to earn a commensurate return on a bitcoin investment, then they must have sufficient knowledge of how the market works for them. Bitcoin takes time and a lot of encouragement from investors, meaning that it also needs strong support that can eventually make its demand increase.

Of course it won't be easy to break $100k, but there is always hope of hitting that price in the future especially after the 2024 halving. Everyone seems optimistic about the price, but they need to be patient enough to deal with market volatility.

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[Mr.suevie]

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.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

[Franctoshi]

Chart Timeframe: Weekly

You can 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 my initial price target ($40k) from this inverse H&S breakout if we finally got to break out or smash the $31k zone after the pullback and in that scenario, Bitcoin might get a drastic run towards the $40k level without facing many obstacles along the road, as the $31k level has acted strongly in resisting the price from moving further since we last hit 30k, and it is the strongest resistance zone on the way to previous ATH.

[STT]

I agree this is still positive action occurring, looks messy up close but daily or higher bars and its ascending.   We have a channel upwards yet to be negated and generally momentum is accumulating as seen by moving averages higher every day.  We are below the 50 day average and yet to regain it confidently but thats a single measure out of quite a few looking positive.  To be especially cautious it might be best to wait to regain and confirm the 50 average below the BTC price action so thats 30k or above roughly.

[Kemarit]

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.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

[serjent05]

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.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

I believe it will take sometime for us to witness Bitcoin surging to $40k .  there is not enough news to bring hype to the market and most of the news recently is about SEC suing exchanges.  The halving that will happen next year might be one of the bigger catalyst to see Bitcoin surging to $40k.  Only news that creates huge hype and FOMO will move the Bitcoin market price to $40k but it looks like it won't happen anytime soon.

[Dave1]

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.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

I believe it will take sometime for us to witness Bitcoin surging to $40k .  there is not enough news to bring hype to the market and most of the news recently is about SEC suing exchanges.  The halving that will happen next year might be one of the bigger catalyst to see Bitcoin surging to $40k.  Only news that creates huge hype and FOMO will move the Bitcoin market price to $40k but it looks like it won't happen anytime soon.

Yes, as much as we wanted to see this early and taste $40k and see our portfolio growing in terms of fiat, it's not going to happen. On the other hand, getting to $30k is already a problem as well. As we touch it briefly and then the it didn't sustain it's run in the last couple of days and so the price is < $30k again.

There are a lot of negative news and then those perma bears used it to create FOMO amongst cypto investors . So I also believed that it might take some time to reach our goal of $40k at the end of the year.

[buwaytress]

There are a lot of negative news and then those perma bears used it to create FOMO amongst cypto investors . So I also believed that it might take some time to reach our goal of $40k at the end of the year.

Perma bears. Now there is a term for which I have not had the pleasure of meeting new members got a really long time. Almost miss seeing supposed long termers succumbing to worry or lack of hope before switching out horns for fang and claw.

Is it really their fault though, all this blaming? Why can't this be holder manipulation (I don't buy any kind of sustainable manipulation)? It seems to suit me, below 30k...

[posi]

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.

40k mark is definitely a must for Bitcoin especially with the fact showing that it has already touched and surpassed such figure before. the only problem with Bitcoin actually acquiring the 40k mark is that no one actually knows the time for it to climb which creates more curiosity and hope for people who are expecting for it to reach that mark because most anxious crypto enthusiast will know that this particular time is very perfect for buying.

Yeah, we have seen $30,000 already or even $31,000. So for now the biggest challenge that we are looking at $40,000 and it seems very far from now as the price is below still below $30,000 although there are some semblance that we could reach that price again. Nevertheless, price still looks good and maybe we can see some action this month. At least $32,000 could be our first goal this August and maybe we can talk about $40,000 in the last quarter as usually we headed strong that month specially we are anticipating the bull run next year after the halving.

I believe it will take sometime for us to witness Bitcoin surging to $40k .  there is not enough news to bring hype to the market and most of the news recently is about SEC suing exchanges.  The halving that will happen next year might be one of the bigger catalyst to see Bitcoin surging to $40k.  Only news that creates huge hype and FOMO will move the Bitcoin market price to $40k but it looks like it won't happen anytime soon.

Yes, as much as we wanted to see this early and taste $40k and see our portfolio growing in terms of fiat, it's not going to happen. On the other hand, getting to $30k is already a problem as well. As we touch it briefly and then the it didn't sustain it's run in the last couple of days and so the price is < $30k again.

There are a lot of negative news and then those perma bears used it to create FOMO amongst cypto investors . So I also believed that it might take some time to reach our goal of $40k at the end of the year.

It is not easy to make predictions about bitcoin. One thing I see is that in June and July people are quite bullish in the market, but come August, when bitcoin is still under $30k. People are losing their optimism and starting to have a negative view of the market and people no longer want to expect bitcoin to hit $35k or $40k. That's why I don't want to make too many predictions about bitcoin because when it doesn't turn out the way we expect, we get disappointed quickly.

Personally, I don't care if bitcoin goes up or down, because I accumulate bitcoin monthly and will sell it when it hits a new ATH. But those who are expecting it to increase in price this month should not give up hope. Bitcoin is unpredictable.