Will it Hold? BTC Targets $40,000

[Yaunfitda]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

Yes, thanks I mean we all know how bitcoin prices moved, but I was surprised about your prediction that the price will move to $32k first before moving to $40k. For me, my speculation is that the price might continue to move on to $40k without dropping to any support line.

But let's see, it's very exciting to see how the price will go prior to the bitcoin halving. Everyone is anticipating a huge rally before halving though. Others see that the pre-halving the price might be $50k and then we will go an move on a massive bull run in the next two years, 2024-2025 and go six figures.

We wait then, and I guess everyone is in unison that we will get to $40k, just a matter on how and when.

[EarnOnVictor]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

If it's buying Bitcoin and Hodling it for as long as possible, I don't think anyone could naturally regret that and it's obvious.

But saying Bitcoin would hit $40,000 for sure this year is just what I see as possible but will not happen. The ETF saga has rekindled hope about its bull run of recent, yet, as much as people are lousy about it, I see the limit at the Fibo level of 38.2% at $35,865. The market successfully hit the level and has been respecting it as expected and this is what would slip it into a major correction for it had moved up about $10,000 within a month, there is a need for such a retracement.

This is what it would do between now and December, and before you know it, the year is gone and my instinct of $35,000-$37,000 barrier for the year would then prevail. Aside from this, there is still much resistance ahead of $40,000, so Bitcoin can't possibly hit it technically and the events that are emboldening such expectations are only assumptions not actual outcomes.

[YOSHIE]

we might witness further gains up to $40,000.

That's the hope of all crypto users and some of the speculation I've seen recently is that Bitcoin will rise to the $40k level without another decline and continue in 2024, once again it's just speculation meaning it could be right and wrong, still staying at $40k isn't a promising specific.

For me, I don't have much hope for the future of the Bitcoin movement, for certain reasons based on the overall situation of people's lives in various parts of the world, the current situation is getting worse, Considering much from the previous year, I feel optimistic about what will result in the development of Bitcoin in the current market, there is only one hope for the future that Bitcoin will be the best for all people around the world, regardless of staying in the $40k position or not.

[Ojima-ojo]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

I love the confidence in this prediction even as you have given a time frame, but then also what I may doubt in this speculation, is the part where you mention that Bitcoin will reach 40,000 prices and then drop back to 32k.


I may have seen such an outcome of the Bitcoin market before,  but at this time and stage, Bitcoin is now far from dropping to 32k before and after Bitcoincoin halves which is a few months ahead.

[Falconer]

-snip-

That's the hope of all crypto users and some of the speculation I've seen recently is that Bitcoin will rise to the $40k level without another decline and continue in 2024, once again it's just speculation meaning it could be right and wrong, still staying at $40k isn't a promising specific.

For me, I don't have much hope for the future of the Bitcoin movement, for certain reasons based on the overall situation of people's lives in various parts of the world, the current situation is getting worse, Considering much from the previous year, I feel optimistic about what will result in the development of Bitcoin in the current market, there is only one hope for the future that Bitcoin will be the best for all people around the world, regardless of staying in the $40k position or not.

Price volatility is completely unavoidable, so corrections and increases are part of it. Even if bitcoin can break $40k, the potential for it falling back below $40k is always there even if trends seem to say otherwise. A large increase will be followed by a decrease, this is normal, especially when the market is overbought.

If bitcoin eventually breaks $40k, then I believe its value will still be difficult to maintain, unless there is a lot of continued support that generates a lot of market excitement. FOMO will happen when the SEC approves the ETF, so I guess that will be one of the deciding factors in whether the $40k hold  or not.

[mirakal]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

I am really optimistic that hitting the target price of $40k before this year ends is very possible as the price would even exceed it and continue to skyrocket and reach its new all time high. We are now on the last quarter of the year so expect that this season is more bullish compared to its previous months, that even history may prove it. However, that does not mean that bitcoin will never experience a price decline anymore, of course it's always possible due to market volatility but even so, it will definitely recover again and return to its original bullish price.

Most especially that we are anticipating big events for bitcoin in the next possible months so we can really speculate that bitcoin at the moment mark its bullish start and this will continue as long as there are positive factors in the market that continue to affect bitcoin price positively.

[wxa7115]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

I am really optimistic that hitting the target price of $40k before this year ends is very possible as the price would even exceed it and continue to skyrocket and reach its new all time high. We are now on the last quarter of the year so expect that this season is more bullish compared to its previous months, that even history may prove it. However, that does not mean that bitcoin will never experience a price decline anymore, of course it's always possible due to market volatility but even so, it will definitely recover again and return to its original bullish price.

Most especially that we are anticipating big events for bitcoin in the next possible months so we can really speculate that bitcoin at the moment mark its bullish start and this will continue as long as there are positive factors in the market that continue to affect bitcoin price positively.

Right now predicting the price of bitcoin is proving to be very problematic, on one hand the demand seems to be high enough for the price to go through yet another pump which could put it close to the 40k level.

But at the same time this is a very high price already, the halving has not even happened and we will be relatively close to it already, and when I think about this from that perspective I think a correction before the halving also makes sense.

[philipma1957]

Will it Hold? BTC Targets $40,000

To be honest with you, we don't know if it will hold or maybe the best term is if we will touch based that price this November-December.

When you check the October 2023 Non-Farm Payroll data you will notice Without a doubt, the bulls continue to dominate the market as the Bitcoin price surged to a new annual high of $35,400. Given that Bitcoin miners control 10% of the total BTC in circulation, their trading actions have an impact on the BTC price.  Indicators presently suggest that BTC miners have adopted a bullish attitude during the week, and if they continue to accumulate rewards, we might witness further gains up to $40,000.

But in any case, there is a good thread to read about by @philipma1957, back in 2015 we had a nice pre 1/2 ing streak. He put some numbers in their based on the past historical logs, you might want to check it out. And see if it matches your prediction and others members.

And as you have said, we need to continue to accumulate, just to be ready for the next block halving and the bull run next year.

 nov 30-dec 1 42k

dec 31-jan 1 48k

and profit taking in jan 2024 down to 40ish

if we stay with the 2015-2017 pattern.

[justdimin]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

Yes, thanks I mean we all know how bitcoin prices moved, but I was surprised about your prediction that the price will move to $32k first before moving to $40k. For me, my speculation is that the price might continue to move on to $40k without dropping to any support line.

But let's see, it's very exciting to see how the price will go prior to the bitcoin halving. Everyone is anticipating a huge rally before halving though. Others see that the pre-halving the price might be $50k and then we will go an move on a massive bull run in the next two years, 2024-2025 and go six figures.

We wait then, and I guess everyone is in unison that we will get to $40k, just a matter on how and when.

I mean by the looks of it, it could be considered that reaching to 32k wouldn't be impossible, it's a close by enough level that it could happen. I am not saying that it will happen, we may not drop there, I am just saying that it wouldn't be impossible to see it there. As long as we could give it some squeeze, we could see it go down that low, it would be very little drop and that's understandable.

However, 32k or not, one thing I am sure about is that it will go to 40k and that's an important thing, because it means we could invest right now and make a profit. I do not have to wait for a 32k drop, I think I can invest right now and I know that it will be 40k and even more than that later on as well with bigger increases.

[traderethereum]

Maybe bitcoin's next target is around $40k or lower at $37,500. But whatever the next target, the price of bitcoin will reach $40k.
We are optimistic that bitcoin can reach $40k by the end of November or even sooner.
This week will remain sideways for a while, seeing the price neither rise nor fall drastically again. So it is still a good time to accumulate more bitcoins.
But that's if they realize that they can buy at this price without thinking about the next drop that could occur.
You need to analyze to find a low price before trying to place a buy order to get the opportunity to accumulate more bitcoins.

[hugeblack]

The $32k level was a resistance level for a long time, and therefore it will be a support level for a longer period, and as long as Bitcoin continues to stay above $30,000 for a longer period, a higher correction has also become unlikely, and as long as the option of a correction is ruled out, we have two options, one of which is for Bitcoin to rise to $42,000, or for us to remain at the same level. Currently, we are likely to test that level before settling at some point above $32k and below $42,000.

[kotajikikox]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time, instead of any resistance, so, in short, yes, Bitcoin is going to hold the Target prices and soon it will be breaking the previous All-Time High, right after Bitcoin Halving in 2024. If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

Love that speculation because it is also what I wanna see in the movement sooner but like what you said I think better for me to close my eyes instead of planning to sell when it reach 40k and buy again once it falls down to 35k level.

But like what you said , I might not see another 30k level again in the future so better for me to stick to HODling than considering buying and selling.

 nov 30-dec 1 42k

dec 31-jan 1 48k

and profit taking in jan 2024 down to 40ish

if we stay with the 2015-2017 pattern.

this would be my merriest Christmas when comes , but like what said this is if we stay at 2015-2017 pattern .

[btc78]

Will it Hold? BTC Targets $40,000

It doesn't matter for me if bitcoin will cross or not that 40k level price because I am contented on how much I am holding now and how much I am expecting in the next coming years .
Bitcoin may jump over that value and surely recording another ATH so unless you are for short term then this would be your problem but not for me.
though i am praying that Bitcoin will hold that 40 till next year and make the bull runs after April (hopefully everything will go that way)

[HONDACD125]

It doesn't matter for me if bitcoin will cross or not that 40k level price because I am contented on how much I am holding now and how much I am expecting in the next coming years .
Bitcoin may jump over that value and surely recording another ATH so unless you are for short term then this would be your problem but not for me.
though i am praying that Bitcoin will hold that 40 till next year and make the bull runs after April (hopefully everything will go that way)

You are right, those who invest for the long term are not affected by the price of Bitcoin being low or high at that time, because these people have set a target point which can give them a good profit in the bull season. I think there are people who invest in Bitcoin for short term.Altcoins are also linked to the price of Bitcoin because whenever the price of Bitcoin increases, the prices of altcoins are also likely to rise. So such people are waiting for the price of Bitcoin to increase.

Hence such people are watching Bitcoin's $40k+ mark very closely. So we should take care of others along with ourselves. However, if we look at the RSI, fear and greed and resistance and support indicators, the chances of Bitcoin going down are high. You are praying for $40k, and we are praying that the price of Bitcoin will touch $25k again, so we can buy more.

[jeraldskie11]

We can't tell that the market will hit $40k before it retrace because if you look at the 4h time frame you can see a equal highs, meaning there is a liquidity sitting above. So in order to verify that the price will continue to increase is to wait for the close of the candle above that equal highs, but if the candle closed below or just swept a liquidity it's a confirmation that the pullback is starting to go down and possibly hit $30k before it goes up to reach $40k.

[AprilioMP]

Will it Hold? BTC Targets $40,000

That means I just reopened the Bitcoin price chart site to see the Bitcoin price on the first day of the second week of November.
The movement of the graphic line convinces me that the price can survive and has the opportunity to reach the desired target. The current $35,193 price level remains the most important before arriving at the $40,000 target to trade.
I am still in a holding position by taking advantage of the situation to slowly get to the $40,000 price level.

[Wapfika]

We can't tell that the market will hit $40k before it retrace because if you look at the 4h time frame you can see a equal highs, meaning there is a liquidity sitting above. So in order to verify that the price will continue to increase is to wait for the close of the candle above that equal highs, but if the candle closed below or just swept a liquidity it's a confirmation that the pullback is starting to go down and possibly hit $30k before it goes up to reach $40k.

Correct analysis. But I believe the majority of traders is now inclined on bullish side instead of the potential bearish since Ber months is always a bullish for Bitcoin market whenever there’s an upcoming Halving next year. History always repeats itself on crypto trading which is what the traders commonly use as reference on their trades that creates this bullish movement due to unity on being positive.

I believe we will close above 40k this November since the price is sitting strong already on the 34k to 35k range for a week. No one is willing to let go their position in preparation for the next year halving.

[jeraldskie11]

We can't tell that the market will hit $40k before it retrace because if you look at the 4h time frame you can see a equal highs, meaning there is a liquidity sitting above. So in order to verify that the price will continue to increase is to wait for the close of the candle above that equal highs, but if the candle closed below or just swept a liquidity it's a confirmation that the pullback is starting to go down and possibly hit $30k before it goes up to reach $40k.

Correct analysis. But I believe the majority of traders is now inclined on bullish side instead of the potential bearish since Ber months is always a bullish for Bitcoin market whenever there’s an upcoming Halving next year. History always repeats itself on crypto trading which is what the traders commonly use as reference on their trades that creates this bullish movement due to unity on being positive.

I believe we will close above 40k this November since the price is sitting strong already on the 34k to 35k range for a week. No one is willing to let go their position in preparation for the next year halving.

In the previous weeks, we clearly say that the price of Bitcoin is impulsively increasing, this only means that traders are only interested at buying while on the side there is no sellers that are interested. But what happened when the price reaches $35k? It's started to consolidate, meaning there is an equal or almost equal volume of buyers and sellers. In other words, buyers domination has stopped. Equal highs are very strong indication that the price will swept that area before the pullback starts. Another confluence that price will go down is to seek liquidity, EOF, and to rebalance the gap.

[Yamane_Keto]

I don't understand, but there is nothing special about the price of $40k. It is true that for humans, $39k and $40k are different, but from a graphical perspective, both prices are the same.
Will Bitcoin reach 42k? Yes, that will happen, but will the price be able to continue to stay at that level? I very much doubt that. We will be in the 30k-40k range for a while.

[Wiwo]

I don't understand, but there is nothing special about the price of $40k. It is true that for humans, $39k and $40k are different, but from a graphical perspective, both prices are the same.
Will Bitcoin reach 42k? Yes, that will happen, but will the price be able to continue to stay at that level? I very much doubt that. We will be in the 30k-40k range for a while.

Me too,  I don't see anything special about the 40,000 Bitcoin price because is not as if we have not tested that price before and also is not like we are going to see that price just once in a lifetime,  because we are already closed to 36,000 on multiple attempts and if all things being equal,  reaching that price shouldn't be a big deal from this point onwards,  this is most important to take note of so as not to make any unnecessary speculation when we eventually arrive at that price in the days to come.

Bitcoin already has a lot of price-triggering program lineups for it in the coming months and days/weeks ahead and a 40,000 price is something that looks like a base minimum to consider as a price to speculate about for now.