Will it Hold? BTC Targets $40,000

[Wend]

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.

If a correction happens and bitcoin drops 8k-10k then there is nothing surprising for bitcoin. Bitcoin could go up 8k-10k in a few weeks, it could also go down similarly, we should accept that instead of assuming it won't happen. As for news that causes bitcoin prices to decrease, rest assured because this is a market full of manipulation, so there will always be some news released every time bitcoin prices decrease. For me, in addition to macro news that is impossible to predict, news related to the market such as ETFs is just news released to legalize the price of Bitcoin.

[rodskee]

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.

of course you'll need to watch as if we can do other things than watching and investing ,
 the expectation should happen in the coming years 1 or 2 years from here and yes there might be sideways but the
waiting should happen upon those time because if not then this market will never be the same again as the trend had been cut.

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.

that is the only thing we need to understand and gather, to wait and let the time comes to happen.
this 40k target is just for short time because what we are looking is the more higher and that is the 6 digits price in which mostly
says to come in the net halving when the bull takes place.

[Out of mind]

Basically, the BTC target is not $40k dollars and the longer it goes, the higher the target will be. However, by the end of 2023, we can expect BTC to reach over $40k. If we take a look at the current Bitcoin market practice, it is definitely not possible to think in mind. As we have seen BTC position the market with good prices since November, we can expect more value from Bitcoin accordingly. Although we currently have the Bitcoin market cap at $37k, and it's still there, that's why we can see Bitcoin above $40k before the end of 2023. Moreover, since we have half waiting in the future, in 2024, after the Bitcoin halving, the market will decrease a bit, but then it will increase again. Maybe after the halving the Bitcoin market may come down to $35k again, but the next year will be a bull market in 2025 and the Bitcoin market will peak ATH.

[Minecache]

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

✂️
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.

While the halving may be seen as the most powerful catalyst for us to move towards a bull season, I don't think that just because the halving is approaching makes bitcoin price inevitably increase. Furthermore, if you pay attention, the bull season will only come a few months or a year after the halving takes place, so I am never optimistic that as the halving approaches, bitcoin will only increase and increase.
What's happening in the market is that people are very bullish on ETFs but if the SEC once again delays approval then there won't just be a correction but a sharp correction, IMO.

[khiholangkang]

Basically, the BTC target is not $40k dollars and the longer it goes, the higher the target will be. However, by the end of 2023, we can expect BTC to reach over $40k. If we take a look at the current Bitcoin market practice, it is definitely not possible to think in mind. As we have seen BTC position the market with good prices since November, we can expect more value from Bitcoin accordingly. Although we currently have the Bitcoin market cap at $37k, and it's still there, that's why we can see Bitcoin above $40k before the end of 2023. Moreover, since we have half waiting in the future, in 2024, after the Bitcoin halving, the market will decrease a bit, but then it will increase again. Maybe after the halving the Bitcoin market may come down to $35k again, but the next year will be a bull market in 2025 and the Bitcoin market will peak ATH.

If you count from the current price it is seen that we have a chance to increase more than $ 40k, because that number is not difficult to reach by Bitcoin in the next two weeks if the trend continues, but today's market is waiting for conformation and making Support trend at a price of $ 36K- $ 37k, if we can survive at a price of $ 35k when consolidated prices, then it is likely to be more than 40k at the end of $ 40K at the end of the year with a significant probability.

But I honestly doubt whether Bitcoin will return to $ 35K or not, the market seems to have ambitions to continue to exceed the $ 40K limit.

[wxa7115]

Basically, the BTC target is not $40k dollars and the longer it goes, the higher the target will be. However, by the end of 2023, we can expect BTC to reach over $40k. If we take a look at the current Bitcoin market practice, it is definitely not possible to think in mind. As we have seen BTC position the market with good prices since November, we can expect more value from Bitcoin accordingly. Although we currently have the Bitcoin market cap at $37k, and it's still there, that's why we can see Bitcoin above $40k before the end of 2023. Moreover, since we have half waiting in the future, in 2024, after the Bitcoin halving, the market will decrease a bit, but then it will increase again. Maybe after the halving the Bitcoin market may come down to $35k again, but the next year will be a bull market in 2025 and the Bitcoin market will peak ATH.

If you count from the current price it is seen that we have a chance to increase more than $ 40k, because that number is not difficult to reach by Bitcoin in the next two weeks if the trend continues, but today's market is waiting for conformation and making Support trend at a price of $ 36K- $ 37k, if we can survive at a price of $ 35k when consolidated prices, then it is likely to be more than 40k at the end of $ 40K at the end of the year with a significant probability.

But I honestly doubt whether Bitcoin will return to $ 35K or not, the market seems to have ambitions to continue to exceed the $ 40K limit.

While bitcoin is looking strong, at the same time it is for the best to be more measured when it comes to our predictions, since the 35k level is not far away and we have been above it just for two weeks, so the price of bitcoin could always make a sudden turn and go below that level in a single day.

However I also think that with the halving getting closer the chances for an upward movement are getting higher, and I can understand why investors are so confident on the prospects of bitcoin on the upcoming months.

[Xcode7]

If you count from the current price it is seen that we have a chance to increase more than $ 40k, because that number is not difficult to reach by Bitcoin in the next two weeks if the trend continues, but today's market is waiting for conformation and making Support trend at a price of $ 36K- $ 37k, if we can survive at a price of $ 35k when consolidated prices, then it is likely to be more than 40k at the end of $ 40K at the end of the year with a significant probability.

But I honestly doubt whether Bitcoin will return to $ 35K or not, the market seems to have ambitions to continue to exceed the $ 40K limit.

For now the increase continues, although sometimes accompanied by small corrections, but in the last few weeks the trend has continued to move in a quite positive direction so in my opinion reaching 40k in the near future is very possible.

Market conditions are quite difficult to predict, and what is happening now is indeed surprising, but from here we can also see the strong support and positive news about Bitcoin in the future, which makes investor interest even higher so that high demand makes the price even higher. increases, I am very optimistic to see 40k price before the year is out.

[moneystery]

Will it Hold? BTC Targets $40,000

...

$40,000 is a fairly easy point for bitcoin to reach in the next few months. but to reach this point there was a slight drop in price which made the market tend to be unstable, but i am quite sure that it will reach $40,000 even more than it was before the halving.

[Fatunad]

Will it Hold? BTC Targets $40,000

...

$40,000 is a fairly easy point for bitcoin to reach in the next few months. but to reach this point there was a slight drop in price which made the market tend to be unstable, but i am quite sure that it will reach $40,000 even more than it was before the halving.

There's no doubt that with that upcoming bull run then passing through into its previous ATH would be most likely but since this market doesnt really give out any guarantees then we shouldn't really be that confident
towards for those things that would surely happen. No one knows on what the future looks like or on what would really be happening. Now we do have that drop in the market and getting back to 35k price level
on which we dont know on whats the sentiment behind that drop considering that there are no news or fundamentals that circling around on possible drop but well this is how unpredictable this market is.
It could drop or pump without having those reasons behind and this what makes it hard to tell that it isnt really that you could really be able to handle out.

40k might be near to look at but with the roller coaster like behavior of Bitcoins price  then there's no way that we could really be able to tell on when it would happen or
how long we do able before we could really be able to reach it out. Might be this year or would really be in next year. The best thing to be done now
is to make yourself that placing up some buy orders and secure while it is really that low.

[AakZaki]

While the halving may be seen as the most powerful catalyst for us to move towards a bull season, I don't think that just because the halving is approaching makes bitcoin price inevitably increase. Furthermore, if you pay attention, the bull season will only come a few months or a year after the halving takes place, so I am never optimistic that as the halving approaches, bitcoin will only increase and increase.
What's happening in the market is that people are very bullish on ETFs but if the SEC once again delays approval then there won't just be a correction but a sharp correction, IMO.

It is still uncertain whether the bull season will come a few months or a year after the halving, it could be sooner or it could be longer. All predictions or past history cannot be used as a benchmark that the same moment will occur in the future. There will be changes according to trends that will occur later. But I remain optimistic that the Halving will have a good impact on the bitcoin market and coupled with the ETF which will have an extraordinary impact when it is approved.

[Captain Corporate]

There could be a small amount of fall, it is still holding above 35k and that should be an important key factor here. I understand that not everyone may think about it the same way and I understand that because it has gone down just a little bit, some people will fear that it will go down a lot. However, that doesn't mean that we are not going to end up with anything that would be sensitive, it is true that we are going to end up with a situation that has to be realistically speaking higher in the near term, why? Because historically every single time we gone through this type of thing, it is clear that we have gone higher after halving. So I am guessing, there could be some drops here and there, but the overall price will go higher for sure.

[khiholangkang]

If you count from the current price it is seen that we have a chance to increase more than $ 40k, because that number is not difficult to reach by Bitcoin in the next two weeks if the trend continues, but today's market is waiting for conformation and making Support trend at a price of $ 36K- $ 37k, if we can survive at a price of $ 35k when consolidated prices, then it is likely to be more than 40k at the end of $ 40K at the end of the year with a significant probability.

But I honestly doubt whether Bitcoin will return to $ 35K or not, the market seems to have ambitions to continue to exceed the $ 40K limit.

For now the increase continues, although sometimes accompanied by small corrections, but in the last few weeks the trend has continued to move in a quite positive direction so in my opinion reaching 40k in the near future is very possible.

Market conditions are quite difficult to predict, and what is happening now is indeed surprising, but from here we can also see the strong support and positive news about Bitcoin in the future, which makes investor interest even higher so that high demand makes the price even higher. increases, I am very optimistic to see 40k price before the year is out.

Yes, it is interesting if you think about the dogecoin community that is so large, and I myself admit that it is not only because of elonmusk alone if traced properly, but the catalyst from elon musk may be triggered by the dogecoin community which indicates that they are in a positive flow in price movements.
It is fun to bet on things that can make someone crazy at a certain time, because there are no definite fundamentals about dogecoin as a technological advancement in the world of crypto currency, but even so dogecoin has a large enough audience and to this day after we have gone through very severe market fluctuations, dogecoin still survives in the top 10 CMC which indicates that the holder is also quite strong.

We understand that you should not bet with a margin that you are afraid of losing.

[Franctoshi]

There could be a small amount of fall, it is still holding above 35k and that should be an important key factor here. I understand that not everyone may think about it the same way and I understand that because it has gone down just a little bit, some people will fear that it will go down a lot. However, that doesn't mean that we are not going to end up with anything that would be sensitive, it is true that we are going to end up with a situation that has to be realistically speaking higher in the near term, why? Because historically every single time we go through this type of thing, it is clear that we have gone higher after halving. So I am guessing, there could be some drops here and there, but the overall price will go higher for sure.

For me, I'm looking at two scenarios, either we will first hit $40k before the correction or the correction phase is what we are currently in after we kissed $38k current high, where we will have maybe $35k to hold as support because I'm expecting the market to move down a  bit to grab some liquidity if it aims to further continue this move to the upside before we get a major correction and after which we will go to $40k, And in the next move, $40k will no longer be the only target, it will move way above the price in its next move after this gathering of momentum.

[Kelvinid]

The current movement is somewhat showing positivity but we must be careful with this, at least we prepared in case the drops/correction will show again. Because most of the time, correction comes next after the pump and we are not at $38k which is very close to $40k but can't be sure that it reach that amount before dumps strike. So for now, we really don't have any assurance for that position but yes, why not give some faith and hold? We are already aware of the said market volatility and I think we are ready enough to accept whatever happens.

[pixie85]

I'm confident that we'll break above 40k this year, but short term action is anybody's game. It could go down again and then up, or simply get to 40 in one move by the end of this week. Nobody knows that.
What I know is it will happen eventually because the price action looks very strong and bullish.

That said, watch out for manipulation because analytics firms say we have the least coins on exchanges ever which means liquidity is at all time lows. We could expect small amounts of money to create giant waves on charts, so be safe, don't get liquidated and don't panic. It's only a matter of time before we get to ATH.

[STT]

Good bounce back today, finding a way to hold prior resistance as support is a strong sign.  Even better that line we held is a Fibonnaci line with wider implications which suggest further gains could be possible if we should hold that support till the end of the week for the weekly bar to finish.

[serjent05]

I also think that Bitcoin current target is to break the $40k barrier but the news now is talking about the prediction of a prominent analyst that says Bitcoin is on track to hit $50k by March after the halving [1]  which is highly possible due to the hype of the ETF approval.

But for now, with the recent swing of the Bitcoin price, I think, if there is no ill intention behind the current rally, we might see Bitcoin visit $40k before the end of this year or probably way above this $40k barrier.


[1] https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-eyes-50-000-says-analyst-btc-spot-etf-deadline-looms-202311140600

[Zigabel]

For me, I'm looking at two scenarios, either we will first hit $40k before the correction or the correction phase is what we are currently in after we kissed $38k current high, where we will have maybe $35k to hold as support because I'm expecting the market to move down a  bit to grab some liquidity if it aims to further continue this move to the upside before we get a major correction and after which we will go to $40k, And in the next move, $40k will no longer be the only target, it will move way above the price in its next move after this gathering of momentum.

Bitcoin has a way of always retesting support before further breaking resistance and this is not common with bit coin alone but in this context Bitcoin is the focus so, my taught is that since it has gotten to $38k before, it's definitely going to use that as a resistance which means it's going to correct back to $35k or $34k then further move to break the $38k resistance and creat a new resistance ant $40k now use $38k as it's new support, all this are possible before the bull run because currently there's much noise in the market due to actions of speculators trying to get on early before the bull run so this noise is going to impact the market causing a false bull which is definitely not going to hold then a retracement and correction will take place awaiting the main bull run.

[livingfree]

Good bounce back today, finding a way to hold prior resistance as support is a strong sign.  Even better that line we held is a Fibonnaci line with wider implications which suggest further gains could be possible if we should hold that support till the end of the week for the weekly bar to finish.

What was the reason of the bounce? I thought that we're going to have some corrections and it may take time until the weekend.

But it seems that it has recovered so fast and stands again to $37k. With this, the support seems to be straightforward and stable at $35k and hopefully it won't fall lower than that.

I also think that Bitcoin current target is to break the $40k barrier but the news now is talking about the prediction of a prominent analyst that says Bitcoin is on track to hit $50k by March after the halving [1]  which is highly possible due to the hype of the ETF approval.

BTC + ETF approval, I guess that anything related to crypto ETF seems to be viably helping the market move positively.

[Roseline492]

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 that's true because there is every possibility of the price reaching $40k soon but we may not know the exact time it will be but it will eventually happened and when it does the next target will likely be to break the all time high because there is every chance that with the speed at which the Bitcoin price drop this year there is also likelihood that the increase or rise of Bitcoin will also be the same because considering the movement it has been making this period is more than enough to show that when the price is ready to move it will be very massive.