Will it Hold? BTC Targets $40,000

[Sophokles]

This sudden pump happened due to the bitcoin ETF news. Many think the approval will be this year but i think it will be next year before halving. If this is the expected bull rally then I think it's too easy for people to make money and i think whales will not let it happen. They make money by manipulating the market and people were buying the dip for a long time Future traders were waiting for a breakout which happened recently and many opened their long positions. I think the market can go to 40k to make a major correction so that it can wipe out all the long positions and create panic among the long term investor who will then book profit in panic to take a lower entry.

[Falconer]

-snip-

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.

Nobody forbids anyone about price predictions especially if it is possible due to many factors. Currently the price of bitcoin is trading above $37k which means it is only $32k away from the previous ATH. Anything is possible if bitcoin FOMO increases due to the approval of a bitcoin ETF, but conversely a correction is also possible for various reasons.

ATH before halving may occur if bitcoin ETF is approved. The market will receive enormous interest from institutional investors and other investors which in effect will only increase demand to such an extent that it results in price increases on a large scale. I'm not pessimistic about the possibility of such a scenario, but vigilance should also not be lost about things that are not desirable.

[Wiwo]

This sudden pump happened due to the bitcoin ETF news. Many think the approval will be this year but i think it will be next year before halving. If this is the expected bull rally then I think it's too easy for people to make money and i think whales will not let it happen. They make money by manipulating the market and people were buying the dip for a long time Future traders were waiting for a breakout which happened recently and many opened their long positions. I think the market can go to 40k to make a major correction so that it can wipe out all the long positions and create panic among the long term investor who will then book profit in panic to take a lower entry.

There are a number of things that contribute to Bitcoin sudden market reactions such as the recent price increase to the present state which has triggered a lot of reactions from market speculators who are speculating what the possible cause of the price pump even though Bitcoin halven is around the corner and that could possibly make Bitcoin price to react at any time.

Although bitcoin ETFs have been one of the sure sole causes of this recent price the reason being that,  Bitcoin started increasing in price suddenly after the news of the ETF announcement even though it was later discovered to be false news but Bitcoin has refused to drop from that price behaviour since then and up until this very moment

[armanda90]

One step close with OP achievement target Bitcoin will raise to $40,000, yesterday almost happening depend Bitcoin current price raised up more than $38k and need $2k to completed mission target bitcoin up to $40k. I don't think its difficult target for bitcoin regarding with few percent left will raise higher price indeed current price now get correction. Actually not any one have accurate prediction will bitcoin easily raise to $40k or not but looking with demand and supply of bitcoin today its looks not impossible raising for that target.
Beside still have speculation about bitcoin ETF is approving or not and many whales try to makes it as good or bad news and bigger impact for bitcoin, last time when sharing fake news about bitcoin ETF is approving suddenly price up although few minutes later have down.

[el kaka22]

Probably. I mean this isn't something anyone could guarantee, we are not aware that how much of price increase will happen and when that will happen, however looking at the situation I could say that 40k is not that far away and could happen eventually. We need to arrange something that has to be done a lot better and considering the situation we are in right now, I will say that it is doing a lot better. I believe that we are going to face something that has to be a little different, and definitely something that's a little time consuming, but that's not that weird, we could see that change with time, we just need to arrange it a bit better.

I believe that we are not going to end up with something terrible, so we need to make sure that life is doing a lot better. 40K is something we could see happening at any given minute, and that means we are going to end up with a change with time, and should definitely increase the possibility of it happening with more time.

[Gozie51]

Although bitcoin ETFs have been one of the sure sole causes of this recent price the reason being that,  Bitcoin started increasing in price suddenly after the news of the ETF announcement even though it was later discovered to be false news but Bitcoin has refused to drop from that price behaviour since then and up until this very moment

Probably and from the look so far it seem the 40k price is looking as reality as bitcoin is jumping around 37k/38k. I think the next level is going to be looking up to 40k. I don't expect drop to happen anytime soon or before that range where we are just starting the month and there have been spikes taking price up in the longer hours which is possible that it could be sustained for the month to run out.

[Viscore]

Bitcoin might not find it hard to reach $40k because at the moment, bitcoin price has already reached to $37k and its even heading more to its higher price resistance. Thanks to the fake approval of SEC as it started the price of bitcoin to surge high which makes the market remains in a good position. However, we should not be overconfident about this because we all know how bitcoin moves in the market, it could surprise us in the least unexpected way.

But with this current market position, for me its obvious that we are going to land into its new price at $40k but most probably after that, we might see a market correction that may suddenly pull the price down which gives more opportunity to investors to buy more bitcoin while the price drops low.

[Wiwo]

Although bitcoin ETFs have been one of the sure sole causes of this recent price the reason being that,  Bitcoin started increasing in price suddenly after the news of the ETF announcement even though it was later discovered to be false news but Bitcoin has refused to drop from that price behaviour since then and up until this very moment

Probably and from the look so far it seem the 40k price is looking as reality as bitcoin is jumping around 37k/38k. I think the next level is going to be looking up to 40k. I don't expect drop to happen anytime soon or before that range where we are just starting the month and there have been spikes taking price up in the longer hours which is possible that it could be sustained for the month to run out.

Yeah we are already closing in on the 40k benchmark and with the current Bitcoin market trends,  it seems that we will arrive at that reality even before the week runs out,  and at some point, we may even exceed that said Bitcoin price at the end of the days if all things being equal and it goes well,  but my fear is what will happen to the Bitcoin networks congestion,  is it going to sum up all the gains through fees,  because in the last few days, we have experienced a lot of high fees for even a fraction of Bitcoin transactions and the meme pol has been highly congested at some point.

So the increase in the price of Bitcoin,  still trigger up a lot of negative feeling when it is done in direct proportion to the transaction network hype and fees increases,  this is why we all have not really been able to make long-term speculations on the Bitcoin price.

Because no one knows what the cause of the sudden price increase that is accompanied by network connections at some point.

[danherbias07]

I am hoping $35k will be the new bottom and $40k will be the ATH for this year.
It's not far, it's playing at $37k - $38k and I think it will just be a matter of time before it reaches your target. The only problem is, will it hold? That question is difficult to answer because of the Bitcoin volatility. We will never know what investors are thinking. But because of the recent good news that the SEC might be on its way to approve the Bitcoin ETF then expect that it can floor to just $35k and it won't go too deep anymore.
Fear of missing out, don't forget that. When the market emotion is in this state, many investors will just keep on hodling their coins because they are afraid that a chance of a cheaper purchase might not come again. Who knows? That might really be the case once the ETF is sealed in the market.

[bitterguy28]

Bitcoin might not find it hard to reach $40k because at the moment, bitcoin price has already reached to $37k and its even heading more to its higher price resistance. Thanks to the fake approval of SEC as it started the price of bitcoin to surge high which makes the market remains in a good position. However, we should not be overconfident about this because we all know how bitcoin moves in the market, it could surprise us in the least unexpected way.

strongly Holding 37k today as we are typing , and I think that it will go more in the next coming days.
I also believe that before November ends 40k will be on our table and indeed that we are looking to have this momentum till December at least.

But with this current market position, for me its obvious that we are going to land into its new price at $40k but most probably after that, we might see a market correction that may suddenly pull the price down which gives more opportunity to investors to buy more bitcoin while the price drops low.

This is what I wanted to happen , to hit 40k and above then take the correction to make advantage of the situation because in this process the "Buy low Sell high" is what taking place .
hope that we are not being trapped this november at least.

[Zigabel]

Bitcoin would most likely get to $40k this year, it has already tested $35k twice which is a sign it can break any resistance at that point by the next testing, it has aswell had some recent forms of volatility that could possibly cause it's Move to $40k the it will further retrace back to about $32- $35k before the halving were it may further fall below that price.

[naira]

If you look at the growth of Bitcoin prices over the last few months, it is not impossible that $40,000 can be penetrated. We are used to seeing significant spikes, plus institutions trying to take over the market provided a strong push to recent price increases. Bitcoin in a short time rose to $37K indicating the lower limit is being tested, especially to end 2023 and welcome 2024 which can be said to be very short. This halving has been awaited by many long-term investors and shareholders.

[posi]

This sudden pump happened due to the bitcoin ETF news. Many think the approval will be this year but i think it will be next year before halving. If this is the expected bull rally then I think it's too easy for people to make money and i think whales will not let it happen. They make money by manipulating the market and people were buying the dip for a long time Future traders were waiting for a breakout which happened recently and many opened their long positions. I think the market can go to 40k to make a major correction so that it can wipe out all the long positions and create panic among the long term investor who will then book profit in panic to take a lower entry.

It is a scenario that many people are thinking about but we never know where the market makers will take the market in the coming days. When many people believe that history will repeat itself and that the bull season will only come after the halving, they will most likely change the game. They mix things up so people jump into the market regardless, any scenario is possible.

We will never know what the market makers are thinking, so don't think that what we predict is that they don't know. They are the ones manipulating us, showing us the way, not us manipulating them.

[Fatunad]

Although bitcoin ETFs have been one of the sure sole causes of this recent price the reason being that,  Bitcoin started increasing in price suddenly after the news of the ETF announcement even though it was later discovered to be false news but Bitcoin has refused to drop from that price behaviour since then and up until this very moment

Probably and from the look so far it seem the 40k price is looking as reality as bitcoin is jumping around 37k/38k. I think the next level is going to be looking up to 40k. I don't expect drop to happen anytime soon or before that range where we are just starting the month and there have been spikes taking price up in the longer hours which is possible that it could be sustained for the month to run out.

Yeah we are already closing in on the 40k benchmark and with the current Bitcoin market trends,  it seems that we will arrive at that reality even before the week runs out,  and at some point, we may even exceed that said Bitcoin price at the end of the days if all things being equal and it goes well,  but my fear is what will happen to the Bitcoin networks congestion,  is it going to sum up all the gains through fees,  because in the last few days, we have experienced a lot of high fees for even a fraction of Bitcoin transactions and the meme pol has been highly congested at some point.

So the increase in the price of Bitcoin,  still trigger up a lot of negative feeling when it is done in direct proportion to the transaction network hype and fees increases,  this is why we all have not really been able to make long-term speculations on the Bitcoin price.

Because no one knows what the cause of the sudden price increase that is accompanied by network connections at some point.

If we would really be having this small increments then touching $40k wont really be that a problem. Will it hold? This is something a question that cant really be answered knowing that this market is always been that unpredictable on which there's no way that we could really be able to tell on where it would be heading. Somewhat making use of these indicators on which it do really shows on where potentially it would be going,
it might not be precise but it is really that lot better compared on taking up some decisions or positioning without any basis on which we know that it is really that so hard to have that kind of
consideration when speaking about positioning, there's no such thing about easy speculative approach yet it is always been hard.

To those who had risks out on buying on 35k are already making profits considering that price had risen up.We are still on bullish sentiment or trend for this month but expect that there would
really be some corrections that might happen later on, not on end of this month.Well, its just guess considering that in every pump, there would really be always a correction.
Holding or not, then it would really be entirely be depending on the market sentiment.

[Dunamisx]

Will it Hold? BTC Targets $40,000

That's for sure to hold, bitcoin already had all time high of $68,000 and now we are between the space of $36,000 to $37,000 which is a significant indication for the market to rise since we are coming from $15,000 dip, we are more likely to experience $40,000 between now and the end of the month while close to $50,000 by the end of the year and so on, we should know something about bitcoin being a digital currency that always have an increasing value no matter how volatile it appears.

[Sophokles]

This sudden pump happened due to the bitcoin ETF news. Many think the approval will be this year but i think it will be next year before halving. If this is the expected bull rally then I think it's too easy for people to make money and i think whales will not let it happen. They make money by manipulating the market and people were buying the dip for a long time Future traders were waiting for a breakout which happened recently and many opened their long positions. I think the market can go to 40k to make a major correction so that it can wipe out all the long positions and create panic among the long term investor who will then book profit in panic to take a lower entry.

It is a scenario that many people are thinking about but we never know where the market makers will take the market in the coming days. When many people believe that history will repeat itself and that the bull season will only come after the halving, they will most likely change the game. They mix things up so people jump into the market regardless, any scenario is possible.

We will never know what the market makers are thinking, so don't think that what we predict is that they don't know. They are the ones manipulating us, showing us the way, not us manipulating them.

They usually don't do that and the previous three bull seasons are evidence. Markets follow the same pattern but many people predict different things which makes things easy for market makers. They use the same tactics but they do it with such events that even the patient's mind also thinks this time it will be different. At the end we discover the market follows the previous pattern.

Market makers don't want us to make money. So they manipulate the market by giving us hope, greed and fear. The majority fall for the trap that's why the percent of crypto millionaires is lower than the total number of investors though everybody knows a bull run follows post halving.

[Marvell1]

If you look at the growth of Bitcoin prices over the last few months, it is not impossible that $40,000 can be penetrated. We are used to seeing significant spikes, plus institutions trying to take over the market provided a strong push to recent price increases. Bitcoin in a short time rose to $37K indicating the lower limit is being tested, especially to end 2023 and welcome 2024 which can be said to be very short. This halving has been awaited by many long-term investors and shareholders.

It is normal for bitcoin to penetrate $40k or $50k, because it has happened many times in the past, it is not just the recent increase that proves it. But what's more important is, when bitcoin passes $40k, will it continue to rise or return to $30k or lower? That's what we need to care about. There is no guarantee that once bitcoin passes $40K, it will never return to lower levels. For me, as long as the halving does not happen, we have not really entered the bull season, everything is uncertain. I still believe bitcoin can reach $40k during this bull run, but I don't think it can stay at that level until the halving occurs.

[bhadz]

Bitcoin would most likely get to $40k this year, it has already tested $35k twice which is a sign it can break any resistance at that point by the next testing,

It shows no signs of pulling back and that's why $40k by the end of the year is very likely.

it has aswell had some recent forms of volatility that could possibly cause it's Move to $40k the it will further retrace back to about $32- $35k before the halving were it may further fall below that price.

If it's going to have a retracement that $25k-$30k could be the lowest at this point. But still, don't remove that thought that any price point is very possible to meet just as usual.

I still believe bitcoin can reach $40k during this bull run, but I don't think it can stay at that level until the halving occurs.

If we're going to talk about the bull run, $40k is going to be easy and we're just a few hundred from it. And as the halving occurs soon, we will surpass that and could lead us to go back to the price that we've met before like $50k-$60k and so on.

[Chato1977]

Holding 37k up to now and yes 40k is sooner to be broken again , its just waiting for the final blow, let those taking the correction serious and selling , let us continues to hold for the future effect .

maybe 45k is near the table , I will be happy watching this to happen.

[AbuBhakar]

Holding 37k up to now and yes 40k is sooner to be broken again , its just waiting for the final blow, let those taking the correction serious and selling , let us continues to hold for the future effect .

maybe 45k is near the table , I will be happy watching this to happen.

Breaking 40K is still a big question now that we notice the sudden weakness of the bulls when reach the 35K area. We are currently on 37K and possibly reaching 40K in quick manner but I doubt that we can easily make 40K as support and aim for higher resistance since everyone is just trading because of the optimism on ETF approval which is still uncertain.

Bitcoin halving is still almost half year from now so I’m expecting more price action of correction rather just a big continuous like what happened before. I believe Bitcoin will always have a major correction whenever 30k, 40k, 50k and so on will be achieved.