Will it Hold? BTC Targets $40,000

[cryptomaniac_xxx]

-snip-

The price of bitcoin shot from $38,800 to $39,400 like it won't take long for bitcoin to soon touch $40K maybe tomorrow or tonight because the chart continues to show positive signals, see bitcoin looks like it will continue in the upward direction to touch the highest price this year.

We will soon see $40K in the near future.

This may be due to the ETF trend that is still going on until now, there is even a discourse that it will be approved in early January, maybe because of that effect because of the increase in bitcoin and now it is a significant increase.

Of course, we are almost there and $40k will become a reality in December. Bitcoin moved well past $39k some time ago which previously failed to penetrated at last month, but due to the large number of sell-offs the price fell slightly even though it is currently still around $39,300.

Current price: 39,520$, so yeah, just $500 and we will be in the $40k mark for the first this year. So it's really exciting for us, specially those who have been holding it for a year at least. And you just have to think about it, no assets in the world can give you a huge profits in a year, a 100%++ jump.

Market conditions look very optimistic about a $40k hit in the near future, could be today. But some assumptions say that December has the potential for a correction that might test the $35k support level. ETFs are one of the factors that can influence the current market, but this hype is expected to last longer even though there is no certainty that it will be approved. Let's wait to see what happens in the hours before market close today, but we are only $700 away from $40k.

So let's wait, if it is done today then good. However, it's somewhat weekend for us, so I expect a huge push this Monday, everyone is refresh coming for the long weekend. With that, we already have the patience for a year, we just need to be confident that next week $40k has been broken by the bulls and so the sentiments will continue up to next year.

[Ben Barubal]

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.

  Right now, if I look at the price value of Bitcoin, we are almost at 40k. With just a little movement a few hours from now, it is possible that it will be at 40k plus this day.

  So it means that it is quite possible to reach $50,000 or more before the end of this month of December 2023. We still have time to save; just take the chance. As long as we still have time, to be honest, let's take advantage of DCA as of the moment.

[Rasa nanas]

$40K will be reached soon, most likely this month. Currently the price of Bitcoin is around $39,400 , meaning that even a small-scale price increase is enough to penetrate $40k. Apart from that this positive trend also looks very strong, so I'm sure not only $40k but even $45k will be reached this month. For me at this time there is no such thing as selling, there is only buying and hold.

[m2017]

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.

I’m not sure if this is related to Bitcoin miners, but as you can see now, your forecast of a price of $40,000 turned out to be almost prophetic (~39.500$). What’s more interesting is what will happen to the price of bitcoin at the end of the month/end of the year and whether New Year’s sales will cause another drop bitcoin's price.

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.

Now it is more likely that the demand for bitcoin has increased (the law of supply and demand has not been canceled), which pushed the price almost to the $40,000 mark.

What does your analysis say now? What will the bitcoin's price be at the end of December?

[erep]

$40K will be reached soon, most likely this month. Currently the price of Bitcoin is around $39,400 , meaning that even a small-scale price increase is enough to penetrate $40k. Apart from that this positive trend also looks very strong, so I'm sure not only $40k but even $45k will be reached this month. For me at this time there is no such thing as selling, there is only buying and hold.

The price of $40k will be reached today because the market price is already $39,850 only a slight increase to reach the long predicted price in December, we can assume the market is in the bullish condition category and the highest price recovery will occur this month, many high price surprises occurred in the month December and we predict a price of $50k in mid or late December.

[STT]

The speculative allure of trading the big numbers.   We are here finally at 40,000  took the whole year but it has arrived.   With all the numbers lit up on the scoreboard do people take profits now, its completely arbitary but absolutely possible that is what occurs now.  
   Personally I do not rate the power of round numbers, it can be underlined as obvious nonsense in the bigger picture but near term it can be a thing to trade in a fairly concrete way.   40k could be the top for now, this week or even the month we could trade lower from here in larger or small part drift downwards.
   I'm interested if this big number effect is still alive and for the moment thats what Im looking at going from weekend trade into working weeks leading upto the holidays.

[Oasisman]

$40K will be reached soon, most likely this month. Currently the price of Bitcoin is around $39,400 , meaning that even a small-scale price increase is enough to penetrate $40k. Apart from that this positive trend also looks very strong, so I'm sure not only $40k but even $45k will be reached this month. For me at this time there is no such thing as selling, there is only buying and hold.

Bitcoin just crossed $40k off a 24hrs high and its currently sitting at $39,900+ very close to $40k. Some short traders may have sold on the $40k mark, but I'm not sure if it's worth it as bitcoin may not be able to pull back as far as below $35k at this current rate. Most people are now bullish especially with this most recent one. So, yeah most probably bitcoin will come after $45k this month and will probably close out at near $50k .
There will still be selling that will take place as we see a gradual increase, but the buying portion will be stronger this time with just a couple or more months left before the halving takes place. Another thing to look forward to is the post halving price.

[Yaunfitda]

$40K will be reached soon, most likely this month. Currently the price of Bitcoin is around $39,400 , meaning that even a small-scale price increase is enough to penetrate $40k. Apart from that this positive trend also looks very strong, so I'm sure not only $40k but even $45k will be reached this month. For me at this time there is no such thing as selling, there is only buying and hold.

Bitcoin just crossed $40k off a 24hrs high and its currently sitting at $39,900+ very close to $40k. Some short traders may have sold on the $40k mark, but I'm not sure if it's worth it as bitcoin may not be able to pull back as far as below $35k at this current rate. Most people are now bullish especially with this most recent one. So, yeah most probably bitcoin will come after $45k this month and will probably close out at near $50k .
There will still be selling that will take place as we see a gradual increase, but the buying portion will be stronger this time with just a couple or more months left before the halving takes place. Another thing to look forward to is the post halving price.

It has been broken already, and as we all know, whole numbers is hard to break, but once we got t here, going to be smooth. I mean just look at the price already, $41k without hinting of stopping at any point this December.

So yeah, as expected or at least what we have predicted when we just starting this year, $40k-$50k. And it seems that we are in target with that price. First week of December and we have this spike already. Expecting more good to happen this month of December and maybe $50k at the start of the new year 2024 and then preparing for the block halving.

[bitterguy28]

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.

  Right now, if I look at the price value of Bitcoin, we are almost at 40k. With just a little movement a few hours from now, it is possible that it will be at 40k plus this day.

now it is more than 40k mate instead running to go above 45k because as i am typing the value goes up to 44 thousand dollars so yes that can cross more in the coming days.
 

  So it means that it is quite possible to reach $50,000 or more before the end of this month of December 2023. We still have time to save; just take the chance. As long as we still have time, to be honest, let's take advantage of DCA as of the moment.

possible ? of course mate look at how it runs now but I believe that if go above 50k  then the market will be far moving from the past years .
because this will be the first time (at least to  my knowledge)that before the halving year that the price hits another high ups in December.

[Nrcewker]

$40K will be reached soon, most likely this month. Currently the price of Bitcoin is around $39,400 , meaning that even a small-scale price increase is enough to penetrate $40k. Apart from that this positive trend also looks very strong, so I'm sure not only $40k but even $45k will be reached this month. For me at this time there is no such thing as selling, there is only buying and hold.

The price of $40k will be reached today because the market price is already $39,850 only a slight increase to reach the long predicted price in December, we can assume the market is in the bullish condition category and the highest price recovery will occur this month, many high price surprises occurred in the month December and we predict a price of $50k in mid or late December.

In 3 days Bitcoins are already up by 3-4k usd. Now we are really looking strong at the markets. This only proves that as predicted the price will really go up and touch new ATH price in 2024. Hence we need to keep on accumulating the coins in order to yield maximum profit. Last time Bitcoins were at 69k usd, so this time definitely the price might rise up to 75k usd. So if we buy Bitcoins at current price, then we have the chance to make twice profit. Hence, I would continue buying the coins irrespective of the quantity I can afford.

[Franctoshi]

We are in period in the market when the market structure and time has started to agree and will we likely see things even move faster than we expected, as we approach Bitcoin halving season and this is why the moment we hit $40k,  it didn't take the market much of time to reach the current price of $44k ,and next year we may likely see Bitcoin start to do an increase in price of about 2k, 5k-10k in a single day. This is likely the last days we will see Bitcoin in such Cheap prices henceforth.

[EarnOnVictor]

$40K will be reached soon, most likely this month. Currently the price of Bitcoin is around $39,400 , meaning that even a small-scale price increase is enough to penetrate $40k. Apart from that this positive trend also looks very strong, so I'm sure not only $40k but even $45k will be reached this month. For me at this time there is no such thing as selling, there is only buying and hold.

The price of $40k will be reached today because the market price is already $39,850 only a slight increase to reach the long predicted price in December, we can assume the market is in the bullish condition category and the highest price recovery will occur this month, many high price surprises occurred in the month December and we predict a price of $50k in mid or late December.

In 3 days Bitcoins are already up by 3-4k usd. Now we are really looking strong at the markets. This only proves that as predicted the price will really go up and touch new ATH price in 2024. Hence we need to keep on accumulating the coins in order to yield maximum profit. Last time Bitcoins were at 69k usd, so this time definitely the price might rise up to 75k usd. So if we buy Bitcoins at current price, then we have the chance to make twice profit. Hence, I would continue buying the coins irrespective of the quantity I can afford.

As we are expecting very good upper targets with Bitcoin, I still implore that we be careful about this, especially if we are trading it. If it's investing it, it's better, nothing will happen as Bitcoin is set to reach higher levels over time, it might only take time. My advice is important since I see some temporary bearish signs on the daily and 4H charts of the coin, and this might pose a threat to the position of the buyers.

The fact that the coin has been going upward for so long does not mean that it doesn't have the right to retrace, it might do this at any time which is why it's good to use our charts as the guide for us to know the time to buy and liquidate our positions appropriately. Some traders could even sell temporarily to make money, all it requires is to know how to read the trading chart very well. I believe that Bitcoin has however locked the $40,000 already, the level that was much anticipated for it to reach before might now be the support level that traders are watching at this moment. This is another reason that Bitcoin is strongly bullish and if it would sell at all, it might not be much. Nonetheless, if it breached below $40,000, it might continue selling further than thought.

Let's be watchful at this moment.

[Yaunfitda]

We are in period in the market when the market structure and time has started to agree and will we likely see things even move faster than we expected, as we approach Bitcoin halving season and this is why the moment we hit $40k,  it didn't take the market much of time to reach the current price of $44k ,and next year we may likely see Bitcoin start to do an increase in price of about 2k, 5k-10k in a single day. This is likely the last days we will see Bitcoin in such Cheap prices henceforth.

There are still several months from bitcoin halving, so still we can save and accumulate as much as we can before that activity. But the push could be coming from those who thinks that there is that approval coming already. I'm talking about the Spot bitcoin ETF regardless of who is going to get the approval first.

And with that, I think everyone should be still buying at this point as you have said, approval and then the block halving could be the catalyst for the biggest bull run that we are going to see next year till 2025. So we shouldn't missed this great opportunity right now.

As whether the price is going to hold at $40k, yeah I believed it will till the end of this year and it could even go higher.

[Fara Chan]

The price of $40k will be reached today because the market price is already $39,850 only a slight increase to reach the long predicted price in December, we can assume the market is in the bullish condition category and the highest price recovery will occur this month, many high price surprises occurred in the month December and we predict a price of $50k in mid or late December.

After seeing that Bitcoin has surpassed $40K this month and also with the small correction that occurred in Bitcoin's price this month, I don't immediately think that Bitcoin will reach $50K this year although I am still quite confident that Bitcoin can surpass $45 K at the end of this year if there are no bad things that could affect the market at the end of the year. Because so far the improvement in Bitcoin prices has become increasingly visible in the market and there has been no bigger correction in Bitcoin in the past few days.

[serjent05]

The price of $40k will be reached today because the market price is already $39,850 only a slight increase to reach the long predicted price in December, we can assume the market is in the bullish condition category and the highest price recovery will occur this month, many high price surprises occurred in the month December and we predict a price of $50k in mid or late December.

After seeing that Bitcoin has surpassed $40K this month and also with the small correction that occurred in Bitcoin's price this month, I don't immediately think that Bitcoin will reach $50K this year although I am still quite confident that Bitcoin can surpass $45 K at the end of this year if there are no bad things that could affect the market at the end of the year. Because so far the improvement in Bitcoin prices has become increasingly visible in the market and there has been no bigger correction in Bitcoin in the past few days.

This is a very conservative prediction. $45k is almost at hand, hopefully the price of Bitcoin will surpass it before the 15th of the month to give way for another momentum of hitting $50k  at the end of the year.  But it looks like someone is pulling Bitcoin price down.  This article: https://www.cnbc.com/2023/12/06/jamie-dimon-lashes-out-on-crypto-if-i-was-the-government-id-close-it-down.html  simply shows how banks is trying to spread negativity about Bitcoin and its market.  Hopefully, people won't get affected by this article and spread FUD.

“I’ve always been deeply opposed to crypto, bitcoin, etc.,” the head of the largest U.S. bank by assets said under questioning from Sen. Elizabeth Warren, D-Mass., during a Senate Banking Committee hearing. “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance.”

“If I was the government, I’d close it down,” he added.

[erep]

The price of $40k will be reached today because the market price is already $39,850 only a slight increase to reach the long predicted price in December, we can assume the market is in the bullish condition category and the highest price recovery will occur this month, many high price surprises occurred in the month December and we predict a price of $50k in mid or late December.

After seeing that Bitcoin has surpassed $40K this month and also with the small correction that occurred in Bitcoin's price this month, I don't immediately think that Bitcoin will reach $50K this year although I am still quite confident that Bitcoin can surpass $45 K at the end of this year if there are no bad things that could affect the market at the end of the year. Because so far the improvement in Bitcoin prices has become increasingly visible in the market and there has been no bigger correction in Bitcoin in the past few days.

We have seen that the impact of the first week of December's increase has exceeded my predictions, the market is getting closer to the $45k target predicted last month and we are surprised that the $45k milestone can almost be achieved in the first week of December, I thought the market would maintain the increase until the halving period but we don't know what facts will happen in the future, I hope there is no negative news that will impact the correction high and the market can predictably close prices higher than $50k this month if assessed from the significant increase in the last few weeks.

[Suzume]

Hold it as you can. This is the bullish season and the price is increasing day by day. As we all know that the halving is near and we all aware with that the price of bitcoin is going to the moon very soon. If it's not any emergency then hold it don't wast your bitcoin if you maintain from other side. We all aware with that the price soon up to $70,000 per btc soon there is possibility to $100,000 soon after halving. So there is no questions to sell after completed target $40,000 because we all know what going to happened.

[cryptoknightt]

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 think the resistance is still there at 20k, and everyone has the right to give their predictions.
but that is the worst possibility, currently bitcoin is solidly above 40k$ so it is not too much to worry about, and there may also be a decline in the near future, but not deep and not too worrying.

[yohananaomi]

I think the resistance is still there at 20k, and everyone has the right to give their predictions.
but that is the worst possibility, currently bitcoin is solidly above 40k$ so it is not too much to worry about, and there may also be a decline in the near future, but not deep and not too worrying.

It is possible that a correction could occur, but it will probably start when we enter the end of the year, because usually before entering the halving era, a correction will occur. But how far will the correction be? If,  at the end of the year, it can stay at $40K, it could be half corrected before it moves slowly into a period of increase. Indeed, it is only a matter of time before entering the increase, apart from the fact that there is big news that can cause predictions to shift, but it is unlikely to be significant.

[MFahad]

I think the resistance is still there at 20k, and everyone has the right to give their predictions.
but that is the worst possibility, currently bitcoin is solidly above 40k$ so it is not too much to worry about, and there may also be a decline in the near future, but not deep and not too worrying.

There will be correction at any stage till halving and there will be continues pump and dump in market price as halving is far away four months and in these months some prediction will go wrong while other will show accuracy.

At present time the worth of bitcoin is above 41k$ but there is no confirmation that bitcoin price will go below 40k$ or will go above 45k$ till the end of this month. Now the price is slowly increasing instead of abrupt increase may be due to correction but as crypto is volatile is everything is hidden and we can only guess increase or decrease.

Experts have solid knowledge and according to them price show further gain so if someone wants to take benefit then don't be in hustle to get the reward but it will takes time for correction and further increase therefore stay tuned with market condition and conclude accordingly.