Bitcoin is ready for $40k

[Husires]

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.

Your post is enthusiastic, although it did not mention the period. Will it be a week, a month, a year or more? We are ready. What do you mean?
I hope to not to see 40K for this year, it gives false confidence to users that the way now is good to reach break old ATH and more 70k will happen soon, which is not true.We will have a long-term barrier at 35k, and it will not be broken easily, so the road to 40k needs to break 3 resistance levels, which will not happen within 2 to 4 months.

All I want now is a long period of stability below 30,000.

[Weawant]

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. However, it should be noted that crypto price movements are highly dynamic and can be influenced by many factors, therefore, these projections may change over time. It is important to stay abreast of market developments and the latest news.

Looking at the charts and how Bitcoin has been moving, we have a resistance to break at $28,100 and after that resistance been broken, we have another to be broken at $30,000 and that has been Bitcoin biggest challenge so far. It has only tested that price one time this year.

It reached $30,000 since march this year and even since then Bitcoin hasn't been able to trade above $30,000 again. The recent price dumping was because of the SEC sueing Binance US and Coinbase. This event would be an obstacle to the price increasing this month.

The case might be dismissed or the case will continue until both exchange can be proven to be innocent. Traders are watching the investigation to see the direction the case will be heading and this will make them not to invest making $40,000 look doubtful .

[19Nov16]

These days the price continues to decline and according to the predictions of many experts because many of the big altcoins that enter the top 10 are under pressure, but we have to be optimistic that $ 40k is an easy price to reach, I believe 3 or 4 months before the halving the price will reach $ 40k soon and now a good time to keep buying before it gets more expensive.

[|MINER|]

These days the price continues to decline and according to the predictions of many experts because many of the big altcoins that enter the top 10 are under pressure, but we have to be optimistic that $ 40k is an easy price to reach, I believe 3 or 4 months before the halving the price will reach $ 40k soon and now a good time to keep buying before it gets more expensive.

It is true that the price of bitcoin is continuously decreasing although it gave a good pump in the middle but it is not sustaining anymore.  As the expected the opposite happened in the market. Moreover, more bad news about Binance US further affected the market. Things may get worse ahead so I would say that Bitcoin is not quite ready to go to 40k yet.

[palle11]

...
If bitcoin drops to $20k, that's a pretty low price, and I don't think that's going to happen. What's happening with binance.us and coinbase isn't too serious, what the SEC wants is money, and they want us to play by the rules they set.

So much is happening around binance and coinbase now which is only about the fight to pull bitcoin down through the different regulations. Binance is somewhat facing jurisdictional restrictions like in Canada. News has a way of discouraging investors and that is enough to push price down.

But they have no intention or will to crash this market, so we don't need to worry too much. I still believe bitcoin will not be able to break $25k with this news, although I am not worried and would even be happy if bitcoin drops to $20k as I will have more time to buy.

Generally investors like to stay away in trouble waters. So you may not consider it as a challenge but many new hands don't want to lose anything from when they invested. Oh... you will be happy if price goes down to $20k right ? Anyway, nothing is impossible with history prior to halving year

[Nrcewker]

Yes this is a good indicator, but going to 40k usd might take atleast some more time. Bitcoins are still struggling in this price range to be honest. If it anyhow tries to push up and come out of this 30k range, then definitely touching 40k will be easy. But I am not hoping for any miracle any soon. This will take atleast a month. I am hoping in the first week of August, we might see a great positive increment in the price of the coin. Till that let’s accumulate as many Bitcoins as we can and increase the demand of Bitcoins in the market.

[aylabadia05]

[snip]

Of course, bitcoin is not going to get $40k for its price soon, but $40k is expected to hit this year. There is huge potential waiting for bitcoin investors ahead of the 2024 halving, so I guess you just have to be prepared with all the opportunities that exist.

[snip]

It's very ready to welcome it if the forecast occurs.
$40k is a reasonable estimate although I still have my doubts it will happen this year.
Our patience is still very strong to wait for the bitcoin price to reach the initial target before arriving at a new All Time High (ATH).

and yes, There is no other word than patience in the sense of holding on and holding on as hard as possible by taking advantage of moments like this to increase the amount of volume.

[khiholangkang]

Bitcoin broke into the support area during the binance news. And even after coinbase news it still managed to hold the low. So it basically stopped out all the leveraged longs and reversed.

The fact that it completely engulfed the previous breakdown candle is very bullish. I think we will break the yearly high soon and make our way to the $35ks.

$ 35K is a fairly logical level at the annual number, but it is not impossible that Bitcoin can reach $ 40K after touching $ 35K a month before the end of the year.
This is quite pleasant to listen and be proud of, that is indeed when there are FUD in 2 centralized exchangers that are fairly large, Bitcoin despite finding dumps some time but he returns to the price of $ 26K and makes it a pretty strong price support, of course if the narrative or bad speculation about The two exchanger can be terrible but it does not seem to give breakdown and only briefly affects Bitcoin, and back again, it looks like Bitcoin is even very thirsty for the Bull Market.

[Zanab247]

I noticed it early this year when the price of BTC increase from $17k to $30k few months ago, that made many people to believe that the price of BTC will reach $40k before the end of this year .Many researchers confirmed it that this year will not be like last year that made many people to lose their profits because of the low market price that was occur through out the year. But the opportunity to buy BTC is still there for those that want to buy because the price of BTC has decreased to $25k to allow others people to get ready for the massive bull that is about to hit the market soon. I guess many holders are very ready to release their BTC for sale when the price move to $40 this year because that is some holder target in this season.

[bestcoins1]

These days the price continues to decline and according to the predictions of many experts because many of the big altcoins that enter the top 10 are under pressure, but we have to be optimistic that $ 40k is an easy price to reach, I believe 3 or 4 months before the halving the price will reach $ 40k soon and now a good time to keep buying before it gets more expensive.

What kind of experts are they? I find it funny when you start attributing the Bitcoin price drop thing to the pressure of the top ten altcoins. It doesn't even make sense when you say it because altcoins are under pressure as you say it's a result of Bitcoin not being better off at the moment, not the other way around because traders and investors would be looking at Bitcoin first before them. view and buy altcoins that are in the top ten. But in this case the discussion is about the price of Bitcoin which has absolutely nothing to do with altcoins.

[gunhell16]

When Bitcoin breaks the 30k$ mark this week, it is possible that if we wait until the end of June, it will reach 40k$, but that depends on what happens with supply and demand. We all know that Bitcoin is volatile.

But whatever happens, in the end, its value will still increase in the market, and its price can suddenly kick up in one day, but for now its graph is quite quiet and calm on the chart if we look at it, its bounce is superficial if you notice let's see what happens.

[Tony116]

When Bitcoin breaks the 30k$ mark this week, it is possible that if we wait until the end of June, it will reach 40k$, but that depends on what happens with supply and demand. We all know that Bitcoin is volatile.

We are having a flurry of negative news in the market, and it could get worse in the coming days. Bitcoin has fallen deeper than yesterday, so it is unlikely that bitcoin will break $30k this week.
The market is being affected by the events surrounding the SEC vs. Binance war, not to mention we will have to wait for interest rate news from the Fed in mid-June. So expecting bitcoin to hit $40,000 this month is far-fetched.

But whatever happens, in the end, its value will still increase in the market, and its price can suddenly kick up in one day, but for now its graph is quite quiet and calm on the chart if we look at it, its bounce is superficial if you notice let's see what happens.

If we look at the long term, there is really no arguing, as bitcoin will always recover and will rise in the long time. The thing to do for long-term investors is to buy and accumulate more when bitcoin's price drops like it is now.

[Orange89]

For long term sure dude but if you see right  now a lot of bad news like bnb, Binance coin and all these create fud definitely ongoing in crypto market that's all seems to be bad sign for the current market  now we only need to wait till these fud get completely out but sure i am really excited for the upcoming year on btc halving

[Kemarit]

For long term sure dude but if you see right  now a lot of bad news like bnb, Binance coin and all these create fud definitely ongoing in crypto market that's all seems to be bad sign for the current market  now we only need to wait till these fud get completely out but sure i am really excited for the upcoming year on btc halving

Yes, so far with the whole drama between SEC and Binance, it might be very difficult to us to see $40,000 at this point or for this month. But if we have to look at long term though, there is a big possibility to hit it, my best guestimate is that we might see that price before the end of the year.

It's not of a big jump though, we have seen the price goes to $31,000 this year. So if we just keep our positive attitude towards Bitcoin. Maybe in the next six month this is doable for us. But for now, it could be very difficult as SEC is trying to get ride of Binance.US and even Coinbase.

[fzkto]

For long term sure dude but if you see right  now a lot of bad news like bnb, Binance coin and all these create fud definitely ongoing in crypto market that's all seems to be bad sign for the current market  now we only need to wait till these fud get completely out but sure i am really excited for the upcoming year on btc halving

Yes, so far with the whole drama between SEC and Binance, it might be very difficult to us to see $40,000 at this point or for this month. But if we have to look at long term though, there is a big possibility to hit it, my best guestimate is that we might see that price before the end of the year.

It's not of a big jump though, we have seen the price goes to $31,000 this year. So if we just keep our positive attitude towards Bitcoin. Maybe in the next six month this is doable for us. But for now, it could be very difficult as SEC is trying to get ride of Binance.US and even Coinbase.

I too hope that in the long run all will be well. But I have fears that since the SEC has launched an attack on a major exchange, the reasons for that are very big. I don't want this to drag on for too long. Maybe they want to launch CBDC, so cryptocurrencies might be under attack by the authorities.

[Wend]

For long term sure dude but if you see right  now a lot of bad news like bnb, Binance coin and all these create fud definitely ongoing in crypto market that's all seems to be bad sign for the current market  now we only need to wait till these fud get completely out but sure i am really excited for the upcoming year on btc halving

Yes, so far with the whole drama between SEC and Binance, it might be very difficult to us to see $40,000 at this point or for this month. But if we have to look at long term though, there is a big possibility to hit it, my best guestimate is that we might see that price before the end of the year.

It's not of a big jump though, we have seen the price goes to $31,000 this year. So if we just keep our positive attitude towards Bitcoin. Maybe in the next six month this is doable for us. But for now, it could be very difficult as SEC is trying to get ride of Binance.US and even Coinbase.

I too hope that in the long run all will be well. But I have fears that since the SEC has launched an attack on a major exchange, the reasons for that are very big. I don't want this to drag on for too long. Maybe they want to launch CBDC, so cryptocurrencies might be under attack by the authorities.

I'm not worried at all, I mean, we've had bigger crashes like this, and we're still standing and growing to this day. Even if the government, we are not afraid, there is no reason to fear a securities regulator like the SEC. All they want is money and power, they see the market's potential, and their greed has risen. But again, I believe we will fight those who want to control us, and we will continue to recover and make other strides.

[sana54210]

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.

Let's f..ing hope so! I mean it has been under 40k for nearly getting to 2 years now, that is a long time and I think it should be getting a lot higher, I get that a lot of people are reaching to a point where it's not going to be easy to just accept the value anymore and get out.

I know that people can wait, and some people joined after that, but it has been so long that I am pretty sure that some of the people who held for so long left after seeing it not move. I have to be honest and say that the best thing we could do right now would be making some more money by going higher. Too many people are considering this as a normal market but it's not, yes it can go down, and yes it can stay down, but not for this long, we need to start going a bit higher for sure.

[wahyuagung26]

These days the price continues to decline and according to the predictions of many experts because many of the big altcoins that enter the top 10 are under pressure, but we have to be optimistic that $ 40k is an easy price to reach, I believe 3 or 4 months before the halving the price will reach $ 40k soon and now a good time to keep buying before it gets more expensive.

We argue more for Bitcoin to be back at $30k or so, with the prediction of movement above that number we feel the good news is that maybe it will reach $40k, but we don't think this will happen in the near term, Bitcoin is so far still going under $30k down, it's hard to say that he'll reach $40k, unless there's going to be such a significant pump that makes Value increase.

[imamusma]

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We argue more for Bitcoin to be back at $30k or so, with the prediction of movement above that number we feel the good news is that maybe it will reach $40k, but we don't think this will happen in the near term, Bitcoin is so far still going under $30k down, it's hard to say that he'll reach $40k, unless there's going to be such a significant pump that makes Value increase.

Bitcoin price will recover gradually, of course the process will take time. I believe that the market will recover before 2024 to a halving despite the negative issues that hit the market recently. So if you plan to take profits in the long term, try to avoid the market and its volatility as much as possible. The market may move sideways and tend to fall due to the impact of this negative issue, but soon after that we can expect a recovery.

If you think this is a storm, then rest assured the storm will pass. So $40k isn't bullshit, but it will be reached when bitcoin starts to get the high demand for it. OK let's see how the month closes out, but of course there are still many days to wait to see how the markets work against the negative trend.

[jaberwock]

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.

It has been ready for some time now and for some reason it just doesn't work, I do not know what seems to be the issue but the reality is that we can't really see the increase. Sometimes it's a bad news, sometimes it's just bad market conditions, sometimes it's some country banning something, in the end we always end up with a reason to fall and not enough reason to go up and that makes it so much harder.

I get that it's not going to be just a picnic out here, I know that it is not easy to "get richer", but I am not after seeing bitcoin price reach 100k right away, all I am waiting for it to go above 30k again just like it did a few months ago, it was April, we are in June, it hasn't even been 2 full months. I can't believe that we are struggling at that.