Will it Hold? BTC Targets $40,000

[fuguebtc]

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.

Correction is inevitable and we should be prepared for it rather than surprised when it happens. I just checked the fear and greed index and it's still at 70, which is pretty high. That shows that the market is very optimistic and people are also very optimistic about ETFs, but this is not bull season yet so it is very normal for bitcoin to adjust, even a large correction.

I'm not pessimistic, but personally I'm waiting for a correction to happen so I can accumulate more bitcoin for myself. Many people would say that's not very wise because bitcoin is unpredictable, but I'm confident in my prediction.

[jeraldskie11]

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.

There is a huge possibility that $40k will reach soon but we don't know the exact time. Maybe after the Bitcoin ETF is approve. As we can see in the current price action of Bitcoin it seems like it really wants go up so if the Bitcoin ETF is approved $40k price is surety.
I didn't see any indication that the price will going to reverse hence I can feel that it will go further. For now, let's wait what will be the result.

[taufik123]

There is a huge possibility that $40k will reach soon but we don't know the exact time. Maybe after the Bitcoin ETF is approve. As we can see in the current price action of Bitcoin it seems like it really wants go up so if the Bitcoin ETF is approved $40k price is surety.
I didn't see any indication that the price will going to reverse hence I can feel that it will go further. For now, let's wait what will be the result.

If the Bitcoin ETF is approved soon, the impact will be tremendous.
$40k will be an easy price to break, it could even reach the $50k area if the positive trend continues.

Just look at yesterday's hoax news issued by Cointelegraph, that alone could make Bitcoin break $30k very easily and now it is still holding at $37k + +.
Moreover, if the ETF is approved soon + the Halving that will happen, it will be mega-bullish, and the new ATH will be reached perfectly.

But, we need to be prepared for the unexpected or when the market is unpredictable and we will continue "BlackFriday" as a discount month for everything including Bitcoin.

[CageMabok]

There is a huge possibility that $40k will reach soon but we don't know the exact time. Maybe after the Bitcoin ETF is approve. As we can see in the current price action of Bitcoin it seems like it really wants go up so if the Bitcoin ETF is approved $40k price is surety.
I didn't see any indication that the price will going to reverse hence I can feel that it will go further. For now, let's wait what will be the result.

I also had the same thought about Bitcoin prices after seeing good movements this month, which even I continue to believe that an increase in prices is still more likely to occur than a price decline that is too deep before the halving or before the Bitcoin ETF is approved. Currently Bitcoin is also starting to stay in the $37K area which could indicate that Bitcoin is really strong enough to make a more aggressive price increase if a Bitcoin ETF is approved this year or early next year.

[darkangel11]

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.

Quick drop to 32? I don't think so.
Look how shallow were the corrections along the way like the one 2 days ago and the previous one from 36k. The market is expecting a lot more from bitcoin now that it's rallying into the bull market territory.
There confidence is there and most people are in accumulation mode at least until the halving. We're going to need some bad news to stop this, otherwise it's going to keep correcting and going higher wave after wave. Anyway, we'll see what happens at 40k and then 48k, but I'm not here for the short game. I'm here to see 100k this cycle.

[boltz]

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.

Quick drop to 32? I don't think so.
Look how shallow were the corrections along the way like the one 2 days ago and the previous one from 36k. The market is expecting a lot more from bitcoin now that it's rallying into the bull market territory.
There confidence is there and most people are in accumulation mode at least until the halving. We're going to need some bad news to stop this, otherwise it's going to keep correcting and going higher wave after wave. Anyway, we'll see what happens at 40k and then 48k, but I'm not here for the short game. I'm here to see 100k this cycle.

True. I don't see it happening either but there are some chances to see Bitcoin making a flash drop in 35k zone and then going back to 37k because charts looks healthy and it looks like Bitcoin can hold this are without any problems. However, it will be hard for now to conquer the 40k zone but I still expect to see Bitcoin trying at least once before end of the year. 

[JoyMarsha]

If bitcoin keeps up the pace it began to get at the beginning of November, I predict that by the end of the month, it will have reached or surpassed the $40k mark(hands crossed).

The price of bitcoin has increased from $33k to $37,000 + in the few weeks in November, which shows a green candlelight to be observe in the crypto market. Given our speculation that Bitcoin may reach $40k to $45k before the year is up, it's possible that the $40k prediction may come true shortly.

[Baofeng]

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.

Quick drop to 32? I don't think so.
Look how shallow were the corrections along the way like the one 2 days ago and the previous one from 36k. The market is expecting a lot more from bitcoin now that it's rallying into the bull market territory.
There confidence is there and most people are in accumulation mode at least until the halving. We're going to need some bad news to stop this, otherwise it's going to keep correcting and going higher wave after wave. Anyway, we'll see what happens at 40k and then 48k, but I'm not here for the short game. I'm here to see 100k this cycle.

Currently the price did dip to $36,880, perhaps it was due to weekends, but we will see. $36k should be a good re-test for us, to see how it's going to stand because in the last 24 hours, the drop is just above 1%.

But the confidence of the market has been building since October and we might continue this November. So we shall wait for $40k first. I'm also excited to see this price to be hit and look at how the market will react, will there be a sell off in preparation for the holiday or investors would rather not sell and delay and just let a few of them sold off. How time flies though, next year we will see bitcoin block halving again.

[TimeTeller]

If bitcoin keeps up the pace it began to get at the beginning of November, I predict that by the end of the month, it will have reached or surpassed the $40k mark(hands crossed).

The price of bitcoin has increased from $33k to $37,000 + in the few weeks in November, which shows a green candlelight to be observe in the crypto market. Given our speculation that Bitcoin may reach $40k to $45k before the year is up, it's possible that the $40k prediction may come true shortly.

To reach the $40k mark, we only need like few thousands dollars and that is very achievable if the market sentiments would continue to be in the positive direction.
As people want to buy more, and so the demand increases. With the fixed supply of this currency, it can easily go up fast.
This is long time in waiting to reach this 30ish level. So the community has very positive vibes these days.
If we will hear more good news among big stakeholders, people will jump on this market that may create a very good price of btc before this year ends.

[pinggoki]

If bitcoin keeps up the pace it began to get at the beginning of November, I predict that by the end of the month, it will have reached or surpassed the $40k mark(hands crossed).

The price of bitcoin has increased from $33k to $37,000 + in the few weeks in November, which shows a green candlelight to be observe in the crypto market. Given our speculation that Bitcoin may reach $40k to $45k before the year is up, it's possible that the $40k prediction may come true shortly.

1 month is long enough for bitcoin to probably move to more than just 40k in my opinion, the market is sitting pretty at 36k-37k price range and I believe that bitcoin might be able to cross the 40k mark before December and probably the safest number to say that will hold until next year but I do hope that it's higher than that, I just hope that January is a good month for bitcoin even though I feel like it's not going to be given that January is a particularly bad month for bitcoin, I guess I have to save money so I can afford to buy bitcoins when January arrives and in case the prices will go down for real.

[adultcrypto]

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 understand that retracements happens as price does not continue to move in one direction only. However,  a drop of over $8k in a season like we are in requires a very big fundamental to achieve. I mean a negative news is what can cause such huge drop in price. One notable one that have the potential of causing such drop is if the Bitcoin ETF gets rejected or possibly some countries banning Bitcoin like China did in the past. Apart from such a news, it will be a little difficult for Bitcoin to drop from $40k to $32k which you suggested since the optimism is already high as you can see from the steady rise in price of Bitcoin.

[God bless u]

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 of bitcoin will surely rise more and more to attain the price of 40k$ because today the price is more than 37k$. I don't think that huge down will occurs before halving as demands for bitcoin is getting larger every day.

As people are more excited for coming Bull run so I think that bitcoin will attain such price which no one will ever experience and it will be more higher than price higher worth of 69k$. Those who miss the current price for buying will never see this again as price will skyrocket during 2024 and all will be waiting for more four years as according to prediction halving occurs after each four years of timing.

[Minecache]

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.

I agree with you, we can hit $40k this year, but turning $40k into resistance is not easy. Personally, I also predict a possible correction in the last days of November, IMO. I don't think we will have ETFs before halving and into bull season from now on. I'm still leaning toward a scenario where history repeats itself rather than us having an ETF this year and entering the bull season earlier than usual. At this time, we should think about correction instead of subjective thinking that bitcoin will continue to increase and reach 45k$.

[EluguHcman]

It will reach $40,000 for sure and will also follow a quick drop off to $32k which will act as support this time,

I am certainly in a close by domain with you on this side but though I assumed the Bitcoin would be valued at a maximum appreciative rate at $39K but if depreciated would be valued at the rate of $29K before the year 2023.

If you have money available, you should focus on buying Bitcoin and HODLing as these prices will never be available again in the future.

Never trash away history because it can still repeat itself as many as.

Did you forget about the volatility potential of Bitcoin and how it's been since fluctuating UPs and DOWNs?
Never forget the history price of Bitcoin since it was invented til date. And yet the Bitcoin price of 2021 is yet unbeatable despites the appreciative values of today.
Check out the history price of Bitcoin in the chart at
<a href="https://ibb.co/vHgknrj"><img src="https://i.ibb.co/NsQKBky/bitcoins-price-history-Final-2022-1ee18825fac544509c03fc3a2adfe4e9.webp" alt="bitcoins-price-history-Final-2022-1ee18825fac544509c03fc3a2adfe4e9" border="0"></a>

[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.

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.

How do you know they won't? The previous 3 times were exactly the same, but that doesn't mean it will repeat and never change. There are no regulations forcing them to do that. Do you think everyone is waiting for the halving and they will only sell after the halving? So who will buy our bitcoins at high prices? I don't think the market makers will be nice enough to buy all our bitcoins at high prices or we will be able to beat them.
All possibilities are possible and what I want to say is to prepare yourself with many plans instead of being subjective that 100% of history will repeat itself.

[peter0425]

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.

There is a huge possibility that $40k will reach soon but we don't know the exact time. Maybe after the Bitcoin ETF is approve. As we can see in the current price action of Bitcoin it seems like it really wants go up so if the Bitcoin ETF is approved $40k price is surety.
I didn't see any indication that the price will going to reverse hence I can feel that it will go further. For now, let's wait what will be the result.

This is a sounds now that music to our ears telling bitcoin is near breaking 40k because that seems to be the price range to be taken this 2023  and at the end of the year before there is another dumping that comes before halving.
2024 is the day assuming to be the Bull coming and with all of those speculation?  I am sure that something is good coming in the year end but the 2024 speculative seems to be odd because we also knew that halving effect taken after a year and with those I expect 2025 is the year.
ETF is also a best contender to bring the whole market great positive expectation .

[CageMabok]

The price of bitcoin will surely rise more and more to attain the price of 40k$ because today the price is more than 37k$. I don't think that huge down will occurs before halving as demands for bitcoin is getting larger every day.

The large demand for Bitcoin through market channels will be a better support for Bitcoin in maintaining its price so that the possibility of increasing to $40K could become real and not impossible within this year. Because I see that several price corrections that are still emerging in Bitcoin this month can immediately disappear with improvements that come directly to Bitcoin.

As people are more excited for coming Bull run so I think that bitcoin will attain such price which no one will ever experience and it will be more higher than price higher worth of 69k$. Those who miss the current price for buying will never see this again as price will skyrocket during 2024 and all will be waiting for more four years as according to prediction halving occurs after each four years of timing.

Halving happens every four years, so this moment needs to be taken advantage of and not missed because it doesn't happen every year. Meanwhile, for larger increases, this usually often occurs after the halving, which in other words could be in 2025 or before that year. Because when the halving is happening, I don't think that the price will immediately increase as soon as possible on Bitcoin.

[Mate2237]

Exactly. But the way I am seeing the market it might cross the $40,000 before this year will end. And the drop down will hit below $32k and that will be an another opportunity period to buy more and store it in the wallet for the bull market. Do we have any targeted price of bitcoin? I don't think so but all are just predicted prices. There are different price list of bitcoin even at the end of this year and also to the bull market.

Buying of bitcoin will not be a problem buy the will the money available to purchase the amount you wanted? That is a big question. Yes buy and hodling is the best thing to do even from now.

[armanda90]

I agree with you, we can hit $40k this year, but turning $40k into resistance is not easy. Personally, I also predict a possible correction in the last days of November, IMO. I don't think we will have ETFs before halving and into bull season from now on. I'm still leaning toward a scenario where history repeats itself rather than us having an ETF this year and entering the bull season earlier than usual. At this time, we should think about correction instead of subjective thinking that bitcoin will continue to increase and reach 45k$.

Have possibility with bitcoin will raise to $40k but its not easy regarding when bitcoin price difficult break out around $32k in last several months before success raise to $38k need more than four to six months later. Left 3k$ for bitcoin will be around $40k and its need time and moment exactly when good news sharing automatically many investor keep hold their bitcoin assets or scenario with bitcoin ETF approving have been long term rumor. Correction will be come when bitcoin success raise above $40k but regarding if Bitcoin ETF is approving later will make strong position for bitcoin break out higher price without get chance correction.
I think before next year and close few months left with halving believe bitcoin have potential raise up more than $40k, have two months left before next year and optimist bitcoin will going up.

[YUriy1991]

The figure is as you wrote that the BTC Targets of $40,000 will be exceeded, whether at the end of this month or early December, but what is certain is that number will be reached.

Yes. You have to be careful and be prepared if there is a reversal and it is advisable to have extra capital that you can use later at that time.

However, that is one of the characteristics of the Bitcoin market and normal of course.