Bitcoin is ready for $40k

[BenCodie]

Bearish opinion:
Head and shoulders are forming on the weekly chart you posted.
A dump down to 20k, with fluctuation between 20k-27k over the coming weeks to create the next shoulder follows.
An "unexpected" economic meltdown causes Bitcoin and other asset classes to sharply fall in value to complete the head and shoulder drop, creating new lows over 9-12k.
Quick recovery with a 2020-like bull run from EOY/Q1 2024 until end 2025.

It seems too easy for Bitcoin to grow from here...something must be in store for another drop.

[Madu$11]

Of course bitcoin will go above 40k but not in 2023
 Bitcoin is expected to hit 40k next year that means 2024.
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.

[Rabata]

yes bitcoin was poised for $40k but $30k resistance was a strong barrier and now the SEC is also a barrier 
With the SEC issue I'm not sure that in the near future bitcoin will reach $ 40k, but if you talk about this year it is still very likely to reach $ 40k because what I know the SEC issue is only temporary and short.

This is just a temporary issue and the issue is not about Bitcoin anyway, and SEC is not restricting the whole cryptomarket, the issues are about the CEX. Halving will still affect the price of Bitcoin and despite of the FUD, I’m sure BTC will still prevail. For now, we might not see that $40k level, but I’m very bullish for next year and that could be the best year again for Bitcoin, so be patient and buy more BTC.

The allegation against Binance has no relation with Bitcoin. The SEC complaint may have a temporary price impact but it will not last long and hopefully we will see that bullish trend in Bitcoin again in the next few months. The market is up a bit so far but $40k is not expected right now. But there is a chance  bull run that could pump a big one. Since Bitcoin has been bearish for a long time, we can expect Bitcoin to be bullish later this year or early next year.

[Falconer]

The allegation against Binance has no relation with Bitcoin. The SEC complaint may have a temporary price impact but it will not last long and hopefully we will see that bullish trend in Bitcoin again in the next few months. The market is up a bit so far but $40k is not expected right now. But there is a chance  bull run that could pump a big one. Since Bitcoin has been bearish for a long time, we can expect Bitcoin to be bullish later this year or early next year.

Even though there is a possibility to be bullish, don't ignore other possibilities of correction. Indeed I hope we will be bullish in the coming months ahead of the halving, but I think there will still be FUD which might have an impact on selling interest which is high compared to demand. The price recovery is happening gradually, but I still think the $24k - $27k sideway will last until the end of June.

[GeorgeJohn]

Of course bitcoin will go above 40k but not in 2023
 Bitcoin is expected to hit 40k next year that means 2024.
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.

What you need to know is that Bitcoin price is not constant, we do assume the price of Bitcoin which I know quite well that the price can change at any point in time

[Hamphser]

The allegation against Binance has no relation with Bitcoin. The SEC complaint may have a temporary price impact but it will not last long and hopefully we will see that bullish trend in Bitcoin again in the next few months. The market is up a bit so far but $40k is not expected right now. But there is a chance  bull run that could pump a big one. Since Bitcoin has been bearish for a long time, we can expect Bitcoin to be bullish later this year or early next year.

Even though there is a possibility to be bullish, don't ignore other possibilities of correction. Indeed I hope we will be bullish in the coming months ahead of the halving, but I think there will still be FUD which might have an impact on selling interest which is high compared to demand. The price recovery is happening gradually, but I still think the $24k - $27k sideway will last until the end of June.

This is why it would be better that you shouldnt really be anticipating or expecting that much because we know that this market is really that truly unpredictable. Indicators and analysis might show some signs of

increasing price or being bullish state but doesnt mean that it would really be happening because there's no way that there's someone would be able to know on what would happen in the market.
We can assume yes, but doesnt mean that it would be a sure thing to happen. This is why whenever you do make out some positioning then you should always mind off about the tendency
or chances  that it would really be going into the opposite path of things. We cant really be able to tell exactly on how this market would be ending up.

[Republikcoin.com]

Of course bitcoin will go above 40k but not in 2023
 Bitcoin is expected to hit 40k next year that means 2024.
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.

It would also be nice if Bitcoin doesn't go over $40K right away within the year as that would also be a pretty good opportunity for those who are still looking to buy Bitcoin within this year or before we head into the next year. After all, a lot of people would be happy if Bitcoin could go over $30K in the year even if it doesn't go over $35K because that's still good enough for those who have bought at $25K in the month. So enjoy the market flow and slow price movement, even if it's just a modest profit.

[peter0425]

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.

Cannot wait to see this coming ,  have to admit that I am in need and that 40k is my last hope of withdrawal   but if not maybe I will wait till at least end of 2025 for the total effect of halving that will surely generate us all a good return.

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.

actually we are lucky that only declining is taking part and there is no complete dumping , though we experience a small fall recently downing to 25k at least recovered back to 26-27k till now .

[CarnagexD]

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.

One rule in trading is to not try to guess the top and bottom. That also means that if it is going into $40k range, then that will be obvious. Your goal is to earn money and not to be right. So instead of asking whether if the price would head to your presumed range better ask as to how are you going to participate and take profit when price is now moving towards $40k. If you understand this, this will be a game-changer for your trading.

[dragonvslinux]

Bearish opinion:
Head and shoulders are forming on the weekly chart you posted.
A dump down to 20k, with fluctuation between 20k-27k over the coming weeks to create the next shoulder follows.

To me it seems like this head & shoulders formation was with a neckline that was broken around $27K, hence I was considering the next level of support to arrive around $23K that would be around the target move of this bearish breakdown, but instead price has reversed from $25K and more or less negated this bearish pattern. Also to note is that given the enormous bullish inverse head & shoulder pattern that formed for around a year on Bitcoin, breaking below $27K merely meant a re-test of the bullish neckline around $25K that held as support. Given the macro bullish target is more like around $50K to $60K.

I guess my point is the long-term patterns are always more significant than the short-term patterns, so even a short-term pattern confirming bearish won't necessarily meet it's intended downside target.

[Pejoh Asu]

After today the price can reach $ 30k again so I'm optimistic that the price of $ 40k will happen soon, the best thing we do before $ 40k happens is buy a lot, never hear of FUDs on social media or from any media because we want to change our lives to be successful and the easy key is bitcoin investment.

[MiF]

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.

Well based on the price movements there is a big possibility that the bitcoin price rise up to 40k$ if there is no bad news, still depend on the incoming update, because there are still big possibility that it will drop down again so we need to be more careful for good. Because everything may change crypto still very high on volatility.

[Wong Gendheng]

After yesterday's touching $ 30k, it certainly made me no doubt that the price would continue to rise, maybe the price of $ 40k would occur in July or about 7 days, if the price could touch $ 40k then I was more optimistic that this year could touch $ 60K or Approaching ATH that had happened, this was natural because the beginning of 2024 there would be a Halving Day.

[tygeade]

A lot of us has the same impression as you. We started positive this year and this downfall that we experience is still nothing. Maybe we can only change our views once it lasted for a long time but 2024 is surely going to be a positive year. When you say avoid, I think that means we need to go outside for a while. That is helpful for someone who is worried but for some who are already immune to these ups and downs, they can monitor their assets actively.

What happen lately is not what you call a storm since the decline was still small but even if it is, it will surely pass. No storm remains even in the world. $40k seems high to me already so I considered it as bullish but for now, BTC is not ready for it.

I mean if I am not mistaken the year started under 18k right? So that means it is still quite a lot higher than how it started, we are 50% higher than what we started the year at the very least, maybe a bit more. This is why these drops shouldn't really matter because it means we are just eating from the profit and not losing money itself.

Obviously that depends on the entry point, but there were many months, multiple months when it was under 20k and if you didn't buy bitcoin at all during that bottom, then you have no right to complain about the situation neither. I personally hope that we would do better in the end and it would be a profitable decision, otherwise it is not making any sense at all to keep trying to make some profit.

[kapalmabur]

After yesterday's touching $ 30k, it certainly made me no doubt that the price would continue to rise, maybe the price of $ 40k would occur in July or about 7 days, if the price could touch $ 40k then I was more optimistic that this year could touch $ 60K or Approaching ATH that had happened, this was natural because the beginning of 2024 there would be a Halving Day.

$ 40k can indeed be achieved if the Bitcoin price is able to be above $ 30k,
this is not just me but all investors and traders have analyzed technically and have agreed that these predictions can indeed occur,
you can look it up on twitter, and search for #Bitcoin then you will see lots of traders giving their predictions.

[arufox]

If you look at the recent crypto market conditions that have started to improve, it seems that the potential for an increase in bitcoin prices reaching $ 40k will occur soon. Especially now that bitcoin prices are trading in the range of $30k-$31k. Therefore, there is hope that the Bitcoin price will continue to rise from the current levels and be ready to reach $40k.

[bangjoe]

If you look at the recent crypto market conditions that have started to improve, it seems that the potential for an increase in bitcoin prices reaching $ 40k will occur soon. Especially now that bitcoin prices are trading in the range of $30k-$31k. Therefore, there is hope that the Bitcoin price will continue to rise from the current levels and be ready to reach $40k.

Be grateful those who buy Bitcoin below the price level of $ 30k, if they want to sell, we have received a sizable profit, we will see a advanced movement that might continue to increase a higher increase, before reaching $ 40k we have to reach the resistant in advance at $ 35 K, before targeting the price level of Bitcoin at $ 40K.

But there are some possibilities we will find a correction first before continuing the increase for the next target price level, it appears that there is a twin because Bitcoin is spinning at the price of $ 30k- $ 31k, there is no downward and is not upwards, are we waiting for good news again to continue the increase Bitcoin?

[GelatikKembar]

If you look at the recent crypto market conditions that have started to improve, it seems that the potential for an increase in bitcoin prices reaching $ 40k will occur soon. Especially now that bitcoin prices are trading in the range of $30k-$31k. Therefore, there is hope that the Bitcoin price will continue to rise from the current levels and be ready to reach $40k.

All expect Bitcoin to reach $30k first and now the price of bitcoin can reach $31 and being able to survive is a good thing,
this weekend is only a few hours away and tomorrow is Monday so prepare to take the right strategy,
because market movement will be seen on Monday tomorrow, if the bitcoin price remains stable it will likely reach $ 35k in the next week.

[btc_angela]

If you look at the recent crypto market conditions that have started to improve, it seems that the potential for an increase in bitcoin prices reaching $ 40k will occur soon. Especially now that bitcoin prices are trading in the range of $30k-$31k. Therefore, there is hope that the Bitcoin price will continue to rise from the current levels and be ready to reach $40k.

All expect Bitcoin to reach $30k first and now the price of bitcoin can reach $31 and being able to survive is a good thing,
this weekend is only a few hours away and tomorrow is Monday so prepare to take the right strategy,
because market movement will be seen on Monday tomorrow, if the bitcoin price remains stable it will likely reach $ 35k in the next week.

That is the big question, it seems that it's not going to survived $31k, as obviously we go down to $30k again. But still good though, it might not happen for this month, but definitely we can still look for around the last quarter or even in the next 3 months.

It's the strategy that is going to be crucial for us, whether when we are going to enter or if we are holding back because we want the price to go down (which might be a wrong strategy as we might not see the price <$20k, if that is the bearish target for some people to buy back bitcoin again).

[Bitcoin_people]

The price of Bitcoin has dropped a lot in the past few weeks. As the market went down, the market became almost bearish. However, the way Bitcoin price has been rising for the past few days, it can be said that the market can reach $40k dollars. At the moment the Bitcoin market is close to $31k so it is understood that the market will rise again in a few days. Right now the market is greening which is really a joy because the market is witnessing a bull market. So Bitcoin should be invested right now and held for the long term, there is definitely some hope in the future.