Bitcoin is ready for $40k

[newdevices]

Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

[michellee]

I was thinking about when I can buy bitcoins again after yesterday's drop since I have managed to buy them again. Bitcoin will break $30k again, go to $40k, and go up very high. And even though I don't know when that will happen, I'm still willing to wait like everyone else because I believe Bitcoin will go up in time.

And even though we briefly saw the price drop to $25k, that's okay because it's now back at $26k. Currently, we are still allowed to accumulate even more bitcoins because the price has not gone up, so we have to use them by buying more.

Investors have also used yesterday's dips to buy Bitcoin. And for now, we should be patient and wait because maybe the time is just around the corner to see Bitcoin get a long rally.

[palle11]

especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Yes very few people will expect that bitcoin will increase in price now that two major exchanges are being under litigation by sec. It is expected that panic will further force price down than it will go up. The dropping is going to gradually happen maybe until it dropped to a major support like $20,000 before DCA investors and other random investors starts coming in again after building confidence. I think $20k / $21k is a major support for now.

[Yatsan]

Indeed, but I think it would go with another correction before such thing happen and that is probably around $23k or less. If we would base in chart, the graph shows bullish pattern still and cme gaps are still not field under the current price and as we all know, its price will be needing to fill it first before having a continuous increase.

especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Yes very few people will expect that bitcoin will increase in price now that two major exchanges are being under litigation by sec. It is expected that panic will further force price down than it will go up. The dropping is going to gradually happen maybe until it dropped to a major support like $20,000 before DCA investors and other random investors starts coming in again after building confidence. I think $20k / $21k is a major support for now.

Also with issues as you've mentioned. Well, supposedly iy should not have a direct effect towards crypto market prices 'coz those are only issues which are being sued towards those exchanges. It happened that such news triggered panic to some investors, resulting to a slight dump yesterday. I also agree with the said support. It is still too early I guess but we'd be on our way for sure.

[Paul Pogba]

I'm still optimistic that the end of the year the price will rise because at the beginning of 2024 there will be a halving day which will increase demand, the price of $ 40k will be easy to achieve because I think the current price position of around $ 26k is a good start, if in June it can reach $ 30k again then I believe the $40k price will be reached before october.

[imamusma]

Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Don't worry because the price increase will take time and a long process. There is some strong resistance right now which is expected to be penetrated and I believe it will never be easy. The market is still being hit by negative issues due to the Binance and SEC dispute, but I believe the market will recover slowly and will come back strong afterwards.

Now just do what you have to do like prepare yourself and adjust to the risks you have to face. The bitcoin price may improve soon and it will be more convincing ahead of the halving. I expect $40k to be achievable over the rest of the year, so of course accumulating it now is the best solution.

[ningrum]

Judging from the history of the Bitcoin chart, it is likely that the price of $ 40k to $ 50k will be reached this year, and 2024 Bullish will begin,
and it is possible to start after a correction, because the chart is very similar to 2019-2020 where the year Bitcoin volatility was very large,
so 2023 -2024 will be very high in volatility, of course we have to be really prepared and not be greedy when trading.

[Jating]

Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Isn't it obvious though that it will be the first line of resistance that we need to break? Although we have broken $30k already, but that run was not sustainable for us as the price goes down hard, many selling to make a profit specially those who bought at the bottom at $15k and probably waiting again to re-invest when the price goes to at least $20k (but we don't know if the price can go that low again, unless if there is a black swan event.)

Regarding $40k, market sentiments is not that good specially with the whole negative news that Binance and Coinbase is getting. SEC filing cases against this two crypto exchange might have a big effect on the price, so short term, I doubt that $40k can be breach then.

[Gianluca95]

Before to go to 40k dollars you should try to stay first at 30k dollars, that it is the most important thing. And I think that we're too early at the moment, some other months is necessary to reach that price, I think within the

end of the year, maybe. Think also about market moment, there are some troubles with Coinbase, Binance and SEC, and this doesn't help market.

[aylabadia05]

Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Bitcoin can reach a price of $40k but it is not certain when this will happen although there are some people who make speculations by comparing the gaps seen.
Maybe some of us who are active here have said that the price of $40k will not occur in the near future because there are one or two factors that are happening that are causing the market price to decline.

News like Binance and SEC being around right now could be one of the reasons people are unsure if Bitcoin will ever reach that price.
For long-term holders, the issue of the current price is of little concern because the target set has not yet arrived.

[ShowOff]

Bitcoin can reach a price of $40k but it is not certain when this will happen although there are some people who make speculations by comparing the gaps seen.
Maybe some of us who are active here have said that the price of $40k will not occur in the near future because there are one or two factors that are happening that are causing the market price to decline.

News like Binance and SEC being around right now could be one of the reasons people are unsure if Bitcoin will ever reach that price.
For long-term holders, the issue of the current price is of little concern because the target set has not yet arrived.

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.

Many analysts say that the bitcoin price will soon find its new resistance regardless of the Binance and SEC cases. That's no reason why bitcoin should fail to break resistance, so I hope you have some patience before $40k hits. It doesn't matter if the $40k doesn't hit this year, but at least there's hope waiting for some of the resistance to be broken.

[Kelvinid]

I'd still think that there is another dump before it goes straight high. I believe that $40k is possible this year ( probably reachable in the 4th quarter) but as I said, it never goes straight, correction will still exist. That is why we still need to be patient, everything went so well and we're still able the market to turn bullish when halving comes. But for now, in a few months coming we probably seeing the price of Bitcoin still below $30k.
Well, might be right or wrong, nobody knows exactly but charts would tell something what will happen next.

[Dr.Bitcoin_Strange]

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 moment when we are so far away from the having does not make much sense to me no matter how much I look at the charts.

Well, it doesn't matter how many times you are wrong; some market experts have also made predictions about Bitcoin price movement in the past that turned out to be the opposite of what the market looked like. Some predictions have also been close to being accurate but not so accurate. So, in the market predictions, when experters look at the candle that has formed and also compare it to past candles that have formed, they will make a comparison and make some assumption that if the price goes below or above the resistance level, we should expect a certain amount. Sometimes those assumptions just happen that way because the price can either go below or above that. Like I said in my first comment, I don't think $40k will be so soon, like this month, but you should also be aware that in the crypto space, a price spike can happen anytime and the unexpected price will just be reached immediately.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[JeffBrad12]

I'm still optimistic that the end of the year the price will rise because at the beginning of 2024 there will be a halving day which will increase demand, the price of $ 40k will be easy to achieve because I think the current price position of around $ 26k is a good start, if in June it can reach $ 30k again then I believe the $40k price will be reached before october.

if the bullrun is coming then indeed that could be achieved, but the current circumstance though, so many fuds going on, I worried that if things escalated to the worst scenario.
the impact would be long lasting ones, right now the lawsuit to the big exchange like binance and many others are definitely the things that gonna affect the course of the market.
if these big exchange companies were to forcefully close down their company or anything similar to that then it will be massive.
the market will definitely not gonna left out unscathed at the very least, long lasting bearish is gonna be appearing once again.

[Slow death]

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 moment when we are so far away from the having does not make much sense to me no matter how much I look at the charts.

if we go back in time, something like going back to the year 2016, we had many analysts who made price predictions that bitcoin would reach 10,000$, at that time, as the price was still at 3000$, people would laugh at this type of price predictions, there was a analyst in particular who was very supportive of the possibility of the price reaching $10,000, his name is tom lee if my memory serves me right, I myself was one of the people who found this price forecast to be very absurd, then the price reached $10,000 and people started celebrating and praising him, it turns out that he made a prediction again that the price would reach 25000$

and it didn't take many months and the price reached 20,000$ and it dropped a lot to the point of touching 3000$ and as a result people no longer believed in the prediction of 25000$ but he insisted that the price would reach 25000$ and then he said that would reach 40,000$ and they found it even more absurd because if it didn't reach 25,000$, then 40,000$, then the guy disappeared, he simply stopped making predictions, but the price reached 25,000$, then 40,000$ so my point is that you shouldn't being afraid to make your prediction is not something guaranteed, you are simply trying to predict just like we all are doing

[Wiwo]

I'd still think that there is another dump before it goes straight high. I believe that $40k is possible this year ( probably reachable in the 4th quarter) but as I said, it never goes straight, correction will still exist. That is why we still need to be patient, everything went so well and we're still able the market to turn bullish when halving comes. But for now, in a few months coming we probably seeing the price of Bitcoin still below $30k.
Well, might be right or wrong, nobody knows exactly but charts would tell something what will happen next.

I agree with you because as of now we are very far from the reality of a 40k Bitcoin price in this quarter of the year and at the same time, it may be hard to see any possible breakout in price and at that, the current resistant level will hold for a while and if Bitcoin price makes any big attempt to cross over then it going to limit around $30,000 for a while and possibly stop at 31k-32k till the end of this quarter.
But since Bitcoin is full of unpredictability, there. Is nothing thpossible in that process and we may end up seeing that price even as the chances are slim.

[TelolettOm]

The good thing is that even if we have a FUD around or the Binance case, the market never stop to grows based on the charts. So who knows, maybe short term at least $40k is viable or at least in the end of this year.

Yep, the market may not stop growing although there is bad news on Binance. However, we can't deny that the current drop is  probably the impact of Binance case, too. If there is no bad news on Binance, Bitcoin price may be above $30k already. So, no doubt the price will continue to grow as long as there is an upcoming halving, but the red market may last a longer time if there are more FUDs like Binance case. I'm worried there are many holders panic if the red market stays longer time.

Yes, $40k is very possible to achieve in Q3-Q4 if Bitcoin price can pass $30k again this month. Let's see whether the price drops again or try to increase gradually.

[IvugeoEvolutionCoin]

Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Don't worry because the price increase will take time and a long process. There is some strong resistance right now which is expected to be penetrated and I believe it will never be easy. The market is still being hit by negative issues due to the Binance and SEC dispute, but I believe the market will recover slowly and will come back strong afterwards.

Now just do what you have to do like prepare yourself and adjust to the risks you have to face. The bitcoin price may improve soon and it will be more convincing ahead of the halving. I expect $40k to be achievable over the rest of the year, so of course accumulating it now is the best solution.

I'm worried about the price it's at right now if it's going to dump again or if it's going to go up. I was hoping we'd see the price of bitcoin back to 40k$ by the end of this year but I'm not sure with the market conditions I'm seeing.  It is unlikely that Bitcoin will increase in price in a few months. But hopefully sometime this year we will see Bitcoin break 40$k again.

[lienfaye]

Bitcoin will go to $ 40 if $ 30k is reached and stays above it,
if it is still below $ 30k then I myself still hesitate to say $ 40k is ready for Bitcoin,
especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Don't worry because the price increase will take time and a long process. There is some strong resistance right now which is expected to be penetrated and I believe it will never be easy. The market is still being hit by negative issues due to the Binance and SEC dispute, but I believe the market will recover slowly and will come back strong afterwards.

Now just do what you have to do like prepare yourself and adjust to the risks you have to face. The bitcoin price may improve soon and it will be more convincing ahead of the halving. I expect $40k to be achievable over the rest of the year, so of course accumulating it now is the best solution.

I'm worried about the price it's at right now if it's going to dump again or if it's going to go up. I was hoping we'd see the price of bitcoin back to 40k$ by the end of this year but I'm not sure with the market conditions I'm seeing.  It is unlikely that Bitcoin will increase in price in a few months. But hopefully sometime this year we will see Bitcoin break 40$k again.

Because of the negative news circulating and affecting Bitcoin and crypto as a whole, we can expect the price to move downward or sideways due to fear of investors who are not used to seeing Bitcoin declining. So I think it's not the time yet to see the price consistently increase and reach $40k in the coming weeks/months. However it's not going to last long since halving is also near, if there's a good news that can affect the price to move upward then it might be the end of bear season.

Nevertheless, it's not impossible to reach $40k price before this year end or even higher, we just need to wait and have more patience. Thus, don't be discourage if the price is not moving the way you expect it to be. if you're a long term hodler, then don't mind the current price and continue to hold.

[Minor Miner]

especially in a bear market all bad news is very sensitive, it can be seen that Bitcoin has fallen from $ 30k to $ 25k ,
yes -$5k in just a short time.

Yes very few people will expect that bitcoin will increase in price now that two major exchanges are being under litigation by sec. It is expected that panic will further force price down than it will go up. The dropping is going to gradually happen maybe until it dropped to a major support like $20,000 before DCA investors and other random investors starts coming in again after building confidence. I think $20k / $21k is a major support for now.

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. 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.