Will it Hold? BTC Targets $40,000

[Japinat]

 Bitcoin is currently priced at $35,630 so reaching its $40k new price resistance may seem to be a piece of cake for bitcoin. Most especially that the market is looking forward for big events in the next months, then I must say as long as the market remains to be in a positive position, then we have no reason to expect that bitcoin price will be compromised again. However, the market is still unpredictable and it does not mean that if bitcoin is currently in a positive position at the moment, then its price will continue to soar high without chances of dropping.

That's why volatility is here. People should not be too confident that whatever they see at the moment is now fixed and will never be susceptible to changes. Of course, this is not possible. As long as volatility is highly encouraged, then we can always speculate for another price drop next to the price surging on bitcoin. But it also depends if the positive factors will continue to affect the market positively, then we might be seeing a new all time high for bitcoin as early before this year ends.

[JoyMarsha]

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.

The price will not be available at this present market conditions but in the future it will be available.

This will be so because after the upcoming bull run, what comes thereafter is the bearish market. It is expected that during the bearish market, the price of bitcoin will go down in price. It might go down below $30k or $20k price by then. Since bitcoin has a four-year circle of halving season, which is comprised of the bear market and bull market.

Bitcoin is heading toward its halving(next year) and the bull run(months after the halving), which will make way from 2025 to 2026, giving bitcoin a new ATH towards that time.

Buying bitcoin and patiently Hodling it, is the key every investor should adopt at this time, the price of bitcoin is somehow cheap and can give many profits in the future

[Natalim]

No matter whether the price of Bitcoin will rise to $40k or fall back to $30k, I still holding because my target is the next ATH. In fact, if you are a true holder, it is not a question if we hold or not but if you are just a short-term investor, I'd still say, hold your Bitcoin and wait for the right time to sell.

We never know when it comes ($40k) but surely we will get there. But while seeing the price movement, it looks like we possibly reach this price before the year ends. Holders will somehow not worry about it as I was certain that our waiting was not in vain.

[BITCOIN4X]

No matter whether the price of Bitcoin will rise to $40k or fall back to $30k, I still holding because my target is the next ATH. In fact, if you are a true holder, it is not a question if we hold or not but if you are just a short-term investor, I'd still say, hold your Bitcoin and wait for the right time to sell.

We never know when it comes ($40k) but surely we will get there. But while seeing the price movement, it looks like we possibly reach this price before the year ends. Holders will somehow not worry about it as I was certain that our waiting was not in vain.

You don't need to care about short-term volatility if you have made a long-term investment plan.
Bitcoin has great potential to record a new history at an all-time high price after the halving next year, but of course you have to have good patience and ignore the short term.

In the short term, $40k becomes very possible if bitcoin manages to break the $36k resistance. It appears to be the strongest resistance since the price surge in October to date, but it is likely that it will be broken as soon as possible. Today the market still tried to test this resistance, but still failed even though it was only $ 200 away from its highest price in the last 24 hours.

[kingvirtus09]

Will it Hold? BTC Targets $40,000

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.

Secondly, Sources from IntoTheBlock shows the demand for Bitcoin has exceeded supply judging from the data available at the aggregate order books https://app.intotheblock.com/coin/BTC/deep-dive?group=exchanges&subgroup=order-books&chart=all. If this holds through then we expect the market for this week to remain bullish. However, there may be little contrary arguments.
A critical point to note is that everything being equal BTC price may likely defend the $33,500 - $34,500 zone and prevent bearish reversal.
I did my analysis on a weekly based and it may be subject to my bias. Feel free to contribute and possible show areas that are worthy to note.

In fact, what is happening in the market today is still very unpredictable. In my personal observation, it is really possible from this month or before the end of this year that Bitcoin's value price will start to play between 40k and 60k at the beginning of 2024, which will actually remain and continue to bullish trend. This is what I actually see.

Let's really take advantage of the opportunity until we are not in a real situation where it will be really difficult for us to keep up with its rally when it starts running to move forward, and when this happens, as the value moves forward, the rise will be faster for sure.

[Baofeng]

No matter whether the price of Bitcoin will rise to $40k or fall back to $30k, I still holding because my target is the next ATH. In fact, if you are a true holder, it is not a question if we hold or not but if you are just a short-term investor, I'd still say, hold your Bitcoin and wait for the right time to sell.

We never know when it comes ($40k) but surely we will get there. But while seeing the price movement, it looks like we possibly reach this price before the year ends. Holders will somehow not worry about it as I was certain that our waiting was not in vain.

You don't need to care about short-term volatility if you have made a long-term investment plan.
Bitcoin has great potential to record a new history at an all-time high price after the halving next year, but of course you have to have good patience and ignore the short term.

In the short term, $40k becomes very possible if bitcoin manages to break the $36k resistance. It appears to be the strongest resistance since the price surge in October to date, but it is likely that it will be broken as soon as possible. Today the market still tried to test this resistance, but still failed even though it was only $ 200 away from its highest price in the last 24 hours.

So far we have reach $35,900, but as you have said, the magic number is $36k so it's just a couple of hundreds of dollars from now and the chances are very high is the positive sentiments of the market will continue.

I think it has something to do with the news that U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push.

So this is a very good news for us since we have been anticipating that the Spot Bitcoin ETF will be approved by the SEC. It's just a matter of time, and I will speculate that it's mostly next year just before or after the block halving.

[BitDane]

Before this ordinals issue, I think Bitcoin will rally ro $40k before the trapping begins but with the resurging of ordinals, I think Bitcoin price rally might get affected.  We might see the price of Bitcoin going sideway while the issue about the ordinals taking place.  Unless someone is really pushing the price to hit $40k. 

While the ETF is giving vibes, the problem with the increase of Bitcoin transaction fee might overshadow this hype.  Hopefully, the problem with the ordinals exploiting the Bitcoin network fee stop soon so that the positive sentiment of the Bitcoin market grow even stronger.

[salad daging]

Before this ordinals issue, I think Bitcoin will rally ro $40k before the trapping begins but with the resurging of ordinals, I think Bitcoin price rally might get affected.  We might see the price of Bitcoin going sideway while the issue about the ordinals taking place.  Unless someone is really pushing the price to hit $40k. 

While the ETF is giving vibes, the problem with the increase of Bitcoin transaction fee might overshadow this hype.  Hopefully, the problem with the ordinals exploiting the Bitcoin network fee stop soon so that the positive sentiment of the Bitcoin market grow even stronger.

Ordinal does not affect the price of bitcoin to rise, it only causes the network to become congested and expensive until now I see in mempool fees reaching $3 - $4 really implies this is hard for those who want to send small amounts because TX is expensive.

I think this ordinal is only a few moments maybe after the hype ends the situation returns to normal for the onchain network, as for the sentiment of the bitcoin price in November it is likely that we have to wait for other positive news, it could be that the price of $ 40K is very close, it's just that throughout a few weeks bitcoin has been sideways.

ETF news does not affect the cost only on the ordinal, about this ETF news will never disappear at least until next year.

[Dr.Bitcoin_Strange]

With the current price of $35, 850 as at time of writing this, it's just $4,150 away to reach $40k and I don't think it's very difficult to archive that price. Based on my speculation, I believe that the price can surge to $40, 000 sooner than we can tell.

[Reatim]

With the current price of $35, 850 as at time of writing this, it's just $4,150 away to reach $40k and I don't think it's very difficult to archive that price. Based on my speculation, I believe that the price can surge to $40, 000 sooner than we can tell.

As of now , hours after your post the price reached $36,400 and still climbing means we cut that to 3,600$ waiting to finally breaking 40k , what I am concern is what will happen after that reaching?
will the price goes to 42,000$ in which the next barricade or will fell down again to 30's?
while we are waiting very soon to Bullrun and hoping occurs in 3rd quarter of next year managing to add more in our folio would be a big help .

[Poker Player]

As of now , hours after your post the price reached $36,400 and still climbing means we cut that to 3,600$ waiting to finally breaking 40k , what I am concern is what will happen after that reaching?
will the price goes to 42,000$ in which the next barricade or will fell down again to 30's?
...

I believe the price will most likely reach $40K this month, and I think the small price increase we see has quite a bit to do with this:

SEC’s first window to approve all 12 spot Bitcoin ETFs to begin today

There’s an eight day window between Nov. 9 and Nov. 17 where all 12 spot Bitcoin ETF filings could be approved by the SEC, according to Bloomberg ETF analysts James Seyffart and Eric Balchunas.

The market is waiting expectantly for the long-awaited news.

[Davian144]

In fact, what is happening in the market today is still very unpredictable. In my personal observation, it is really possible from this month or before the end of this year that Bitcoin's value price will start to play between 40k and 60k at the beginning of 2024, which will actually remain and continue to bullish trend. This is what I actually see.

Today the price of Bitcoin has risen again beyond $36K which is likely to go to $37K in the market, so there is a chance for Bitcoin to be at $40K this year if the current price increase continues. I was also quite surprised to see that Bitcoin was no longer difficult to increase this month when generally this year there is only more than a month left from now.

Let's really take advantage of the opportunity until we are not in a real situation where it will be really difficult for us to keep up with its rally when it starts running to move forward, and when this happens, as the value moves forward, the rise will be faster for sure.

Now the increase seems to be faster and no longer difficult, I'm even confused as to why it continues to happen this month even though it has marked a price improvement that many people really want from previous months. Bitcoin holders should be quite happy about this price increase as the fruits of their patience have arrived and are clearly visible now.

[bittraffic]

In fact, what is happening in the market today is still very unpredictable. In my personal observation, it is really possible from this month or before the end of this year that Bitcoin's value price will start to play between 40k and 60k at the beginning of 2024, which will actually remain and continue to bullish trend. This is what I actually see.

Today the price of Bitcoin has risen again beyond $36K which is likely to go to $37K in the market, so there is a chance for Bitcoin to be at $40K this year if the current price increase continues. I was also quite surprised to see that Bitcoin was no longer difficult to increase this month when generally this year there is only more than a month left from now.

Let's really take advantage of the opportunity until we are not in a real situation where it will be really difficult for us to keep up with its rally when it starts running to move forward, and when this happens, as the value moves forward, the rise will be faster for sure.

Now the increase seems to be faster and no longer difficult, I'm even confused as to why it continues to happen this month even though it has marked a price improvement that many people really want from previous months. Bitcoin holders should be quite happy about this price increase as the fruits of their patience have arrived and are clearly visible now.

With the rate of its growth, it might just be $45,000 or more before the year ends.  Patience in the bull market pays off. Very crazy market because just when I thought of buying back the ones I sold last weekend because I expected the price to dip, it continued to go up. Whales want the traders to get burned with their decisions.
It's only $4k to go to hit that $40k OP's target.

[bitterguy28]

Unless someone is really pushing the price to hit $40k. 

Who should be that Someone ? I mean who are you talking that can push the price to 40k$ because that would be a hard task
to push this that high and needs billions of dollars to succeed .
and is it possible to be a Single person or at least a group|

While the ETF is giving vibes, the problem with the increase of Bitcoin transaction fee might overshadow this hype.  Hopefully, the problem with the ordinals exploiting the Bitcoin network fee stop soon so that the positive sentiment of the Bitcoin market grow even stronger.

let go of the fee because mostly it does not long sometimes just getting in a week or at least a month(but that should be the longest weeks)
and also that ETF vibes seems to be around , though for years now that we are talking about this yet does not come easily .
_______________________________________________________________________________ ___________________
we are all rooting for 40k and above because others wanted to take chances selling their coins in highest form before
the dumping happens again because it is usual when before Halving (and even after) as the bull will approach the next on that .

[uswa56]

Today the price of Bitcoin has risen again beyond $36K which is likely to go to $37K in the market, so there is a chance for Bitcoin to be at $40K this year if the current price increase continues. I was also quite surprised to see that Bitcoin was no longer difficult to increase this month when generally this year there is only more than a month left from now.

This doesn't happen like in previous years, there is a lot of speculation saying that the price of Bitcoin at the end of the year will experience a correction, but now what is happening is very surprising, after having stabilized during a drastic increase last month and now the price of Bitcoin is slowly starting to rise again, with what happened makes me even more optimistic that in the future this upward trend will continue, $40K this year is very close, and it is quite possible to happen.

Now the increase seems to be faster and no longer difficult, I'm even confused as to why it continues to happen this month even though it has marked a price improvement that many people really want from previous months. Bitcoin holders should be quite happy about this price increase as the fruits of their patience have arrived and are clearly visible now.

That's right, this is a quite dangerous time for those who hold Bitcoin, with what is happening making Bitcoin holders more confident or what I mean by that is without any feeling of panic or anxiety about holding it longer.
I felt it myself, and now I have quite a lot of faith and hope for this to continue.

[Davian144]

With the rate of its growth, it might just be $45,000 or more before the year ends.  Patience in the bull market pays off. Very crazy market because just when I thought of buying back the ones I sold last weekend because I expected the price to dip, it continued to go up. Whales want the traders to get burned with their decisions.
It's only $4k to go to hit that $40k OP's target.

Now it is true that many traders are disappointed after selling Bitcoin in the previous days, because reaching $40K is no longer a far target this month and it seems that market conditions are getting better with the continued increase in prices which makes sellers regret it. And it is likely that whales will also continue to come to the market to buy at higher prices so that the opportunity for traders to seek short-term profits through Bitcoin will no longer be achieved.

[yudi09]

Will it Hold? BTC Targets $40,000

The market is in a state of recovery from red, at least the recovery started in October and according to the current state of the market it can be said that it is still surviving with quite good changes.
Now it is very possible for Bitcoin to reach a price of $37k because the trading price level at least when I made this post was $36,699.34 with an increase of 3.7%.

The accurate answer is whether it will last and will target $40,000. In my opinion, it depends on the circumstances without ignoring bad habits that can occur at any time. For now, the goal of reaching $40,000 is very possible.

[Nrcewker]

Definitely the price can go up. So yes Bitcoins are looking strong to be honest. If this type of demand keeps on increasing, then definitely in order to maintain the demand, the price will go up. 40k is a reasonable price, which can be easily achieved if this demand is kept by the investors. So yes as we know that next year is the 4th year for new ATH price, so we can easily claim that we are approaching towards that.

[Dr.Bitcoin_Strange]

With the current price of $35, 850 as at time of writing this, it's just $4,150 away to reach $40k and I don't think it's very difficult to archive that price. Based on my speculation, I believe that the price can surge to $40, 000 sooner than we can tell.

As of now , hours after your post the price reached $36,400 and still climbing means we cut that to 3,600$ waiting to finally breaking 40k , what I am concern is what will happen after that reaching?
will the price goes to 42,000$ in which the next barricade or will fell down again to 30's?
while we are waiting very soon to Bullrun and hoping occurs in 3rd quarter of next year managing to add more in our folio would be a big help .

With the speed at which the market is surging, $40k is attainable before the end of the month, and it might even go above $42k before it plunges to $30k. Although that's not certain, I am only making my prediction based on assumptions and partially looking at the price trend before the last halving, when the market was down, but after the halving took place, the price began to see an uptrend until we finally entered the bull market. Sometimes the history might not be the same, as there could be some slight or huge difference in price.

[savetheFORUM]

Definitely the price can go up. So yes Bitcoins are looking strong to be honest. If this type of demand keeps on increasing, then definitely in order to maintain the demand, the price will go up. 40k is a reasonable price, which can be easily achieved if this demand is kept by the investors. So yes as we know that next year is the 4th year for new ATH price, so we can easily claim that we are approaching towards that.

I think it's too early to talk about the all-time high basing it on the current price surge because we are still about 5 months away from the halving event, and we can only have some idea about how far the market can go after seeing the market situation around and after the halving event. In the past, the market used to start going up after the halving event, so the current surges shouldn't be taken that seriously as there can always be a correction coming our way.

So, it's always better to keep your hopes high but plan everything according to both situations because the market is highly volatile and we know it can move in any direction at any given time. It's looking strong right now, but it won't take much time for it to become weak and start dropping all of a sudden.