Bitcoin is ready for $40k

[CryptoBuds]

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.

Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.

The $40k goal isn't really that hard for bitcoin, but if you think bitcoin is no longer affected too much by bad news, that's not entirely true. The future is unpredictable and we cannot predict what will happen. Negative information can come to us anytime, we can be optimistic, but we should not be subjective. Based on the current situation, the bear season is not over yet if calculated according to the 4-year cycle, the world economy has not recovered, and the news around Mt.gox still haunts us...There is much more to be careful than optimistic that the negative news will stop hitting us.

I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.

Are you referring to the short term, like this month or next month? If that's what you mean, $40k is actually pretty hard for bitcoin. But in the medium to long term, that is straightforward for bitcoin. What I'm talking about is medium and long term, I don't want to make short term predictions because the market is very unpredictable, so short term prediction is just for fun, it won't really happen. In the short term, I don't even believe bitcoin will break through $35k, let alone $40k.

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[philipma1957]

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.

Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.

The $40k goal isn't really that hard for bitcoin, but if you think bitcoin is no longer affected too much by bad news, that's not entirely true. The future is unpredictable and we cannot predict what will happen. Negative information can come to us anytime, we can be optimistic, but we should not be subjective. Based on the current situation, the bear season is not over yet if calculated according to the 4-year cycle, the world economy has not recovered, and the news around Mt.gox still haunts us...There is much more to be careful than optimistic that the negative news will stop hitting us.

I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.

Are you referring to the short term, like this month or next month? If that's what you mean, $40k is actually pretty hard for bitcoin. But in the medium to long term, that is straightforward for bitcoin. What I'm talking about is medium and long term, I don't want to make short term predictions because the market is very unpredictable, so short term prediction is just for fun, it won't really happen. In the short term, I don't even believe bitcoin will break through $35k, let alone $40k.

It will be 40k in under 60 days.

Too much money is going into mining.

a 7% jump = 26.6 eh or 266,000 s19's that is about 339,000,000  in gear in last 2 weeks.

or 11000 coins worth.

Mining is very bullish on expansion at the moment.

Look at 2015 charts prior to 2016 ½ ing

July 2015 258 a coin
July 2016 676 a coin

a factor of  2.62

which means 81400 right at the ½ ing of 2024

[Yaunfitda]

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.

Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.

The $40k goal isn't really that hard for bitcoin, but if you think bitcoin is no longer affected too much by bad news, that's not entirely true. The future is unpredictable and we cannot predict what will happen. Negative information can come to us anytime, we can be optimistic, but we should not be subjective. Based on the current situation, the bear season is not over yet if calculated according to the 4-year cycle, the world economy has not recovered, and the news around Mt.gox still haunts us...There is much more to be careful than optimistic that the negative news will stop hitting us.

I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.

Are you referring to the short term, like this month or next month? If that's what you mean, $40k is actually pretty hard for bitcoin. But in the medium to long term, that is straightforward for bitcoin. What I'm talking about is medium and long term, I don't want to make short term predictions because the market is very unpredictable, so short term prediction is just for fun, it won't really happen. In the short term, I don't even believe bitcoin will break through $35k, let alone $40k.

I wouldn't call it hard, we can accomplished it short term. This July I'm seeing like $31k-$32 max if everything looks good, or the bullish sentiments is still here. But long term? or at least after the block halving, damn, we might see 6 digits.

So let's just keep positive that this July will still be good for us. And then at the end of the year $40k-$50k are going to be reached. And with the halving fast approaching, investors are going to pour their money because they know that bitcoin is still cheap at this point.

[justdimin]

I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.

We have broken over a lot of resistance points before and we can break it again, that's not the thing that worries me at this point. There are way too many people who have bought bitcoin at higher prices and we are coming out of a bear season that dropped the price from 68k to 15k at some point, that means that there will be a lot of people who are still holding.

Maybe the ones who bought at 60k+ ended up selling because it went down a lot, but when we are talking about 30-40k range, that was close enough so people had some hope, and maybe they did DCA as well so that would be a point where a lot of people could sell to make a profit after all this time. That's not a resistance, that's sell-off and that is not something you will see before it happens.

[armanda90]

Bitcoin price today almost near reach to $31k but going drop under $30,600 current price right now, looks many time bitcoin resistance and seems waiting more than several weeks later Bitcoin is ready for $40k. Faster correction when bitcoin success reach to higher price is reason why bitcoin need longer time to reach $40k and I don't think in this month has chance Bitcoin can reach to OP expected price.

Still on disappointed position for bitcoin holder who bough on higher price exactly above $60k and they need waiting more longer time to get back their money, its not easy waiting for when bitcoin back to higher price again and how many years needed to see Bitcoin back above $60k due many time published with bad news from every side.

[Paul Pogba]

It's been almost 4 months that the price hasn't been able to pass $30k, even from April to June the price has dropped below $30k so I think $40k is an achievement that we are really looking forward to, many say that if the price can reach $40k then it will be easy to pass the ATH which happened in 2021.

[Baofeng]

Bitcoin price today almost near reach to $31k but going drop under $30,600 current price right now, looks many time bitcoin resistance and seems waiting more than several weeks later Bitcoin is ready for $40k. Faster correction when bitcoin success reach to higher price is reason why bitcoin need longer time to reach $40k and I don't think in this month has chance Bitcoin can reach to OP expected price.

Still on disappointed position for bitcoin holder who bough on higher price exactly above $60k and they need waiting more longer time to get back their money, its not easy waiting for when bitcoin back to higher price again and how many years needed to see Bitcoin back above $60k due many time published with bad news from every side.

I didn't see the price that it went near $31k again, but it's a good sign that we are still very much bullish up to this month and maybe we just need another good news to push the market to $31k and break the mental barrier in front of us.

I wouldn't say that those who bought at $60k are disappointed, maybe they have sold already as some point and then re-invest. But those who are still holding are still not in a lost, I mean it's just a paper lost for them. So just like the rest of us, just be mentally strong and HODL and wait for the bull run next.

[Marvell1]

Bitcoin is approaching its next move, and there is optimism about future price increases. Some concerns remain, including the situation of Mt. Gox and the ability of the Bitcoin economy to survive large price increases. Bitcoin price prediction to reach around $40K towards the end of this year, seems still realistic especially especially recently the price of bitcoin has again reached above $30k and the crypto market looks green again.

Bitcoin's current price range is still at $31K and below $31K and that means that Bitcoin is still very strong to increase more than that if no more major corrections occur in the next few months. I am quite optimistic that the price of $40K can reach the end of this year because of the reality now that Bitcoin is no longer so affected by bad news. Even so, worry and panic can occur even if it's only temporary because the optimism of many people is still far greater than the panic that appears suddenly.

The $40k goal isn't really that hard for bitcoin, but if you think bitcoin is no longer affected too much by bad news, that's not entirely true. The future is unpredictable and we cannot predict what will happen. Negative information can come to us anytime, we can be optimistic, but we should not be subjective. Based on the current situation, the bear season is not over yet if calculated according to the 4-year cycle, the world economy has not recovered, and the news around Mt.gox still haunts us...There is much more to be careful than optimistic that the negative news will stop hitting us.

I think that 40k is very difficult for bitcoin, because first it has to break a very strong resistance at 31-32k. After that there will still be a few levels of resistance left. I don't know what could influence this, but there should definitely be some very good news.

I agree with you, the $40k target for this year is a big deal for bitcoin. We bounced from $17k to $30k in March, but since then, we haven't had any more positives, so it's hard to expect $40k. I also thought bitcoin could recover and hit $45,000-50,000 this year before another dumping, but 1/2 year has passed, and I'm starting to think more negative things. I predict this short-term bull run, bitcoin could rally to 33k-35k and then bitcoin will correct more than continue to rally. We will only be able to see more positive signals after the halving happens.

[Kadal Ijo]

I believe the price of $ 40k will be reached soon, just like when the price is below $ 20k I was very optimistic that before April the price would reach $ 30k so I bought bitcoin even for a small amount, and I think the price of $ 40k will be before September.

[Kemarit]

I believe the price of $ 40k will be reached soon, just like when the price is below $ 20k I was very optimistic that before April the price would reach $ 30k so I bought bitcoin even for a small amount, and I think the price of $ 40k will be before September.

Good for you if you have bought it when the price is below $20,000 and then continue to accumulate as the price slowly increases since January. And then we April, it went sideways, for at least 2 months before we have a break out run this July.

So even if we see that the price is trading sideways again after a burst to $31,000, still this is a perfect time to continue to accumulate and then see how it goes in the future. As for $40,000, it's just a thousands of dollars separating the current price to that so it's achievable. Just a matter of time that we will hit that barrier again.

[Franctoshi]

I agree with you, the $40k target for this year is a big deal for Bitcoin. We bounced from $17k to $30k in March, but since then, we haven't had any more positives, so it's hard to expect $40k. I also thought Bitcoin could recover and hit $45,000-50,000 this year before another dumping, but 1/2 year has passed, and I'm starting to think more negative things. I predict this short-term bull run, bitcoin could rally to 33k-35k and then bitcoin will correct more than continue to rally. We will only be able to see more positive signals after the halving happens.

Do you mean hard to expect at $40k this year?  Or the end of the month? Bitcoin to 40k to isn't a big deal at all, why Bitcoin has not gotten a quick run up since we hit the $30 level is, if you check Bitcoin is faced with strong resistance at $30k which happens to be the support of the previous ATH before the break to the downside, So the zone need to gather a lot of to be able to clear that zone to have a drastic run to the upside.

[yohananaomi]

I believe the price of $ 40k will be reached soon, just like when the price is below $ 20k I was very optimistic that before April the price would reach $ 30k so I bought bitcoin even for a small amount, and I think the price of $ 40k will be before September.

it is very possible that what you say can happen but there will always be corrections that might also occur because it has not been seen that the direction of improvement will indeed fully occur. but I firmly believe that before the end of the year there will be upward movement to prepare for the era of the halving that will occur in 2024.

[Marvell1]

I agree with you, the $40k target for this year is a big deal for Bitcoin. We bounced from $17k to $30k in March, but since then, we haven't had any more positives, so it's hard to expect $40k. I also thought Bitcoin could recover and hit $45,000-50,000 this year before another dumping, but 1/2 year has passed, and I'm starting to think more negative things. I predict this short-term bull run, bitcoin could rally to 33k-35k and then bitcoin will correct more than continue to rally. We will only be able to see more positive signals after the halving happens.

Do you mean hard to expect at $40k this year?  Or the end of the month? Bitcoin to 40k to isn't a big deal at all, why Bitcoin has not gotten a quick run up since we hit the $30 level is, if you check Bitcoin is faced with strong resistance at $30k which happens to be the support of the previous ATH before the break to the downside, So the zone need to gather a lot of to be able to clear that zone to have a drastic run to the upside.

I'm talking about this year's predictions and think $40k will be a challenging target for bitcoin. As I said, bitcoin went from $17k to $30k, and it's trading above $31k now, but that doesn't mean it's going to hit $40k easily without encountering any obstacles. There is no proof that when bitcoin crosses $30k, it will quickly hit $40k.

It's all just my speculation, and we won't be able to say who's right and who's wrong. So let time answer them all as neither of us has any proof for our claims.

[Doan9269]

I believe the price of $ 40k will be reached soon, just like when the price is below $ 20k I was very optimistic that before April the price would reach $ 30k so I bought bitcoin even for a small amount, and I think the price of $ 40k will be before September.

If we are to look into the event of what happened yesterday on the bitcoin market price, it has the opportunity to getting far as around $31,700 which is pretty good and gives more attention on the current speculation that bitcoin is preparing for more high this period anytime from now and it may hit close to $40,000 soon, another reason for more gigh is the coming halving next year to mark the occasion of receiving half of the block reward on previous one, things will surely go different during this period because the market will be very volatile and profitable then, $40,000 is what we can achieved between now and next month while before the end of the year attained $50,000 and above.

[ImThour]

Good Afternoon Folks and those who are following this thread of mine.
Here is a quick update on the charts and towards the journey of Bitcoin to $40k.



RSI looks super solid and ready to fly, Let me know what you think about this chart

Tagging my usual's: hugeblack, philipma1957, peter0425, dragonvslinux.

[rojan]

I believe the price of $ 40k will be reached soon, just like when the price is below $ 20k I was very optimistic that before April the price would reach $ 30k so I bought bitcoin even for a small amount, and I think the price of $ 40k will be before September.

it is very possible that what you say can happen but there will always be corrections that might also occur because it has not been seen that the direction of improvement will indeed fully occur. but I firmly believe that before the end of the year there will be upward movement to prepare for the era of the halving that will occur in 2024.

Bitcoin price is increasing day by day I hope Bitcoin may reach 35k$ by the end of this year. There will be many happy moments for those who have invested in Bitcoin. I hope all coins including Bitcoin will reach great position in 2024.  We all know that our money is safe if we invest in Bitcoin. That's why we always prefer to invest in Bitcoin.

[ShowOff]

-snip-

it is very possible that what you say can happen but there will always be corrections that might also occur because it has not been seen that the direction of improvement will indeed fully occur. but I firmly believe that before the end of the year there will be upward movement to prepare for the era of the halving that will occur in 2024.

I don't have much doubt about the huge upside potential in bitcoin ahead of the halving. Of course we can't avoid a correction completely as it is part of the process, but you can expect the price to go higher given the growing demand for the coin. If the market starts to get more good news, then $40k is not a barrier for bitcoin. We've seen higher prices in recent years, so right now all you have to do is be patient for the recovery.

I can expect the bitcoin price to exceed $40k ahead of the halving, it being very likely that in July the bitcoin price can break $35k. So let's see how high the bitcoin price will be this year, but always make sure you never miss the train.

[dragonvslinux]

Good Afternoon Folks and those who are following this thread of mine.
Here is a quick update on the charts and towards the journey of Bitcoin to $40k.



RSI looks super solid and ready to fly, Let me know what you think about this chart

Tagging my usual's: hugeblack, philipma1957, peter0425, dragonvslinux.

I still think $40K level remains quite straight forward if price can break above current resistance level above $32K. While the main capitulation events occurred from $30K down to $17.5K, then again from around $20K and $15.5K, the first wave of capitulation was actually from around $40K to $25K that was more of a less as severe. The relevance of this is that there is a distinct trading gap between $32K and $40K, because of how quickly price collapsed from $40K last year. So it'd be similar to the way that price moved quickly from $17K to $19K or $25K to $30K, because at the time those were also big volume gaps.

Overall with 3 weeks worth of consolidation at the top of the local utprend at resistance, the bulls are only getting stronger, even if there's more consolidation to come. There is seemingly always the fear or uncertainty that there will be a considerable correction however, because the market is continuing to break it's bear market structure, but currently the structure of the uptrend doesn't support this yet.

Here is another chart for you for a better perspective. Does consolidating at yearly lows look bullish here, with no reaction back to the upside? I don't think so!



(This is the Bitcoin chart upside down if not obvious)

[rachael9385]

BTC 40k this will might be possible but since this week is almost to an end I am having a little doith about that but as long as time flys and days passes the price of Bitcoin will Punch $40k and above. Although we aren't that specific enough to predict the amount Bitcoin will hit by the end of the month or year but on my own side BTC will grow to $36k this month.

[jostorres]

As long as there is halvings to have, there will be hopes for bull run as well. I know that we are getting closer to a point where halvings will not matter because we are not mining all that much coins anyway and we already have almost all the coins mined and only just a few million left which would be distributed into like next 100 years, so its not going to be much ,we are going to see less than a bitcoin per day eventually if this keeps up.

So it is not going to be ALWAYS like this, but for another halving we are going to be like this, we are going to end up with a great return and should be considering it to be better. I think its important to be a bit more fixated on how we could get better and that's what we are doing now.

The biggest reason why halvings bring great effects on the market is that people believe prices will move up after the halving so they start buying right before halving which starts the movement because there is a lot of buying pressure during that period, and when the prices start moving up, more and more people start jumping in to benefit from the uptrend and that further pushes the prices up since volumes keep increasing over time.

That continues until we hit new all-time highs for different or almost every single cryptocurrency and people start selling since they see the prices are almost at the peak, and that is where the market starts declining again and when people see that happening, everyone start selling that causes further declines.