Bitcoin Hits $40,000 for First Time Since April 2022

[AirtelBuzz]

It's the first time that the price of Bitcoin has been that high since April 2022, right before the broader cryptocurrency market plunged. Bitcoin's near 20-month peak represents a 15% climb over the past 30 days, with the price of the coin more than doubling since this time last year.
The rising price appears to reflect continued optimism and excitement over the anticipated approval of a Bitcoin spot exchange-traded fund (ETF) in the United States.
source

We can expect Bitcoin price to reach $45,000 by the year 2022.

[Essential10]

It is very difficult to predict where Bitcoin's momentum will stop. However, I think there is a strong potential for Bitcoin between $45k and $50k. Many do different types of analysis but Bitcoin is difficult to predict as it is influenced by many factors. It seems that the market is creating two environments, Big Pump or Dump. I am making an assumption based on my own opinion from Candlestick pattern that dump will actually come massive dump but this may not be correct logic. Another thing is candlestick chart patterns Market a bullish flag has been created. Currently, if you do this type of pump, it will not give you the opportunity to buy, it can go to $45k-$50k at once. However, no matter what we say, things will not be like that  In today's market, everyone should take action wisely.

[big kid]

BTC made more than +100% this year, it was an amazing journey that doesn't seem like stopping anytime soon. Imagine what we'll see after the ETF.

[Poker Player]

We can expect Bitcoin price to reach $45,000 by the year 2022.

Correct this, as I am sure it is a typo and you are referring to the year 2024. And as for reaching that figure, it is normal that we will reach it at the beginning of 2024 or maybe even earlier, it would not be unreasonable to reach it this month. It is clear that we are starting a bull market, although as is logical and with the volatility of Bitcoin, there will be ups and downs.

[adaseb]

Very surprised that this move happened on a weekend. There is also gold which hit an all time high during the early Asian session. No idea what is going on.

Maybe someone knows something. Last Friday I think someone went $200M long on Bitcoin perps on Bitmex. Maybe there is some leak about the etf. Seems very strange for All this to happen out of nowhere on the weekend.

[Die_empty]

We can expect Bitcoin price to reach $45,000 by the year 2022.

Bitcoin is attracting more investors during this period because the optimism that the SEC will approve the spot ETF is very high. The recent meetings by the regulatory body with some of the ETF applicants is seen by many actors as the green light that it will be approved. Within a few weeks, the SEC has met with almost eight of these applicants but there are no official statements that all modalities have been put in place for the final approval. But the market is responding positively to these happenings. There are many chances that Bitcoin will get to $50,000 this year but as we know nobody of sure of the price the next minute so we just keep on predicting.

[Uruhara]

And now bitcoin has reached a price of $41000 and it looks like it can still continue to rise. Congratulations to all friends here who have held bitcoin with such strong hands. And now the price of Bitcoin has quickly penetrated the price of $41k. But I think this is just the beginning. Because current market sentiment continues to strengthen because many expect that interest rates will soon be lowered. And currently more and more instutition applying for Spot Bitcoin ETFs. Apart from that, the deadline for the Spot Bitcoin ETF to be approved is also in sight. And many believe that it is only a matter of time. But I hope we all stay calm and don't FOMO.

[Wiwo]

Many of us never expected Bitcoin to cross the 40k region at this time and most importantly we have kept a high gaze at the after-halving possibility for market increase, but surprised, bitcoin have crossed the 40,000k+ price even before the middle of the last month of 2023 which to me is a good sign of what to expect shortly and at some point also, if the rally persists in it current speed, that means we are going to see a possible new price benchmark mark befor6the much speculated 2024 March - April Bitcoin halving period.

So seeing Bitcoin at 40k really excites me at this moment in time because many who bought Bitcoin when the price was below or within the 20k region, are already in massive gains right now.

[headingnorth]

BITCOIN pumping like crazy! Anyone still waiting for it to drop to 10K?  

[traderethereum]

Bitcoin finally managed to reach the $41k level in early December. This is good and positive news for the movement of bitcoin and hopefully, the price can continue to increase until the end of the year.
But we also have to be alert to the usual corrections in bitcoin prices. That will be a moment to add more bitcoins.
The ETF is a matter of time and when it is approved, it could provide a boost for bitcoin prices to break even higher.
But if there is a correction, this $41k price will be a temporary high this December but bitcoin still has more time to start its long rally.

[Ultegra134]

Many of us never expected Bitcoin to cross the 40k region at this time and most importantly we have kept a high gaze at the after-halving possibility for market increase, but surprised, bitcoin have crossed the 40,000k+ price even before the middle of the last month of 2023 which to me is a good sign of what to expect shortly and at some point also, if the rally persists in it current speed, that means we are going to see a possible new price benchmark mark befor6the much speculated 2024 March - April Bitcoin halving period.

So seeing Bitcoin at 40k really excites me at this moment in time because many who bought Bitcoin when the price was below or within the 20k region, are already in massive gains right now.

Neither did I. Not long ago, I created a thread discussing when we're likely to reach the $50,000 mark, and I also mentioned that Bitcoin is unlikely to surpass $40,000 within 2023. It wasn't a great year after all, and I didn't expect any pleasant surprises in the two-to-three months that were left. I was wrong, though, and woke up today to find that it has reached $41,000 and may climb even further. Its price is already increasing as I'm typing this post. It's quite possible to surpass $50,000 by March or April, which, from the lowest price in 2023, is up to a 3x yield in a smaller than 2-year period. Quite astonishing, if you ask me.

I'm not quite sure when we'll have another ATH, certainly between 2024 and 2025, but it doesn't look that far from where we currently are.

[GiftedMAN]

After seeing Bitcoin hit 41k this morning am waiting to see them media who has never talked good about Bitcoin to come and publish them article let's see how they are going to talk this time. It's December and the price is going higher can't wait to see BTC hit 60k by 2024 but then I think the fear that has griped some new Bitcoin investors will be out now because they will be motivated by the recent rise in Bitcoin price, let's see if BTC can hit 45k before the third week of December.

[Dave1]

BTC made more than +100% this year, it was an amazing journey that doesn't seem like stopping anytime soon. Imagine what we'll see after the ETF.

Right, lowest lows is $15,500 from last year when we have the FT collapse. And now it goes more than 100%+ close to maybe 140% already.

So yes, there's a lot of optimism on the approval of Bitcoin Spot ETF, and if we had such one approval before or after the block halving, for sure we will see a huge increased in the price and then we welcome the bull run.

So let's just relax though, good to see it breaking $40k, but we will be waiting what will be the all time high next year and then 2025 for that massive bull run that we all have been waiting again.

[NotATether]

Bahahaha.  

I happened to be using my wallet when I saw the price ticker hit 40K.

Really nice stuff to see, now all the bears have hidden in their winter dens for hibernation.

Bitcoin finally managed to reach the $41k level in early December. This is good and positive news for the movement of bitcoin and hopefully, the price can continue to increase until the end of the year.
But we also have to be alert to the usual corrections in bitcoin prices. That will be a moment to add more bitcoins.
The ETF is a matter of time and when it is approved, it could provide a boost for bitcoin prices to break even higher.
But if there is a correction, this $41k price will be a temporary high this December but bitcoin still has more time to start its long rally.

Mate who cares about 41k, the price will be going through the roof in the coming years if not months.  

BITCOIN pumping like crazy! Anyone still waiting for it to drop to 10K?  

Mr Cramer is usually inverse traded immediately after he finishes rambling on Mad Money, not 2 months later. I'm glad I didn't make the mistake of watching that (CNN?) show in my early days.

[Suzume]

Yep , now bitcoin is $41k . We all know that is the bullish season of bitcoin and halving is near so what are you thinking nothing can stop bitcoin. The price is increasing and interesting Bitcoin predictors predict that the price of bitcoin will go up to $100k but i think the price of bitcoin in this year will stay under $50k. But it's not taking long to take bitcoin moon .So what relax guys price is increasing and halving is near hold bitcoin more.

[thecodebear]

Very surprised that this move happened on a weekend. There is also gold which hit an all time high during the early Asian session. No idea what is going on.

Maybe someone knows something. Last Friday I think someone went $200M long on Bitcoin perps on Bitmex. Maybe there is some leak about the etf. Seems very strange for All this to happen out of nowhere on the weekend.

Past few days I started seeing media articles speculating on the Fed lowering interest rates throughout next year, I mean like more so than previous idle speculation but articles explicitly saying the Fed is gonna drop rates a bunch to make sure the economy doesn't falter. Could just be people reading that stuff the past few days, and seeing Bitcoin pumping the past month and a half, and so people started deciding they should front run liquidity coming back into markets once interest rates start going down next year.

Just a guess. That's the only like specific thing I've seen going on this week in the world of finance. And since investors tend to be afraid when rates go up, and happy when rates are gonna go down, I suppose it makes sense.

[Kakmakr]

Some economic experts says with the approval of the Bitcoin ETF, we can expect a Bitcoin price of $100 000+ ...but I think that is just speculation. The last time when we had the "perfect" storm, with everything going according to plan, the Bitcoin price only went to $60 000+... so why would the Spot ETF have such a huge influence on the price?

We should guard against over optimism ....and rather opt for a lower prediction to protect people from disappointment, because their expectation would be set too high.   

[Majestic-milf]

Some economic experts says with the approval of the Bitcoin ETF, we can expect a Bitcoin price of $100 000+ ...but I think that is just speculation. The last time when we had the "perfect" storm, with everything going according to plan, the Bitcoin price only went to $60 000+... so why would the Spot ETF have such a huge influence on the price?

I also agree that saying that these Bitcoin ETF approvals are the reason the price is going high is giving it too much importance. For crying out loud! Price has been going up even before an ETF was thought of, so what gives?

We should guard against over optimism ....and rather opt for a lower prediction to protect people from disappointment, because their expectation would be set too high.   

Great observation here and I couldn't agree more. With everyone being keyed up for the bull run, and with it's price going up this fast, I'm afraid that some may take it as a positive sign that greater things will happen (which will, by the way) but may forget that just as it has the capacity to go up, it can come down or even stay at a place and those who have hurriedly invested and set a target all thanks to the predictions going on may be sorely disappointed if their expectations are not met.

[thecodebear]

Some economic experts says with the approval of the Bitcoin ETF, we can expect a Bitcoin price of $100 000+ ...but I think that is just speculation. The last time when we had the "perfect" storm, with everything going according to plan, the Bitcoin price only went to $60 000+... so why would the Spot ETF have such a huge influence on the price?

We should guard against over optimism ....and rather opt for a lower prediction to protect people from disappointment, because their expectation would be set too high.  

Well, over $100k is easily coming this market cycle even without an ETF. It would be extremely bizarre if Bitcoin didn't easily surpass $100k in the 2024/25 bull run, like something truly terrible would have to happen to cause that.

The last market cycle peak was $69k. Bitcoin goes much higher each cycle. It doesn't go back to the same peak as the last cycle. Bitcoin grows over time. The past few peaks have been $1150, $20k, $69k. Notice how it goes up a lot each time. You're confusing effects of an ETF with just the natural growth of Bitcoin. An ETF will have a big impact on Bitcoin's price, but that has nothing to do with why Bitcoin will go a lot higher than $69k.

Also not sure why you think there was a perfect storm that sent Bitcoin to over $60k in 2021. That was actually a pretty bad bull run and lots of stuff went wrong. It was sorta the opposite of a perfect storm haha. Even 2017 which 20x'd that year and 100x'd from the bottom of that market cycle wasn't a perfect storm as there was the whole segwit/forking/bch drama in the middle of the bull run.

In 2021 the market crashed in the middle of the bull run and then it took all the remaining momentum of the bull market the rest of the year to stop the crash and bring it all the way back up and a bit higher. Without the issues that happened in 2021 Bitcoin likely would have passed $100k back then. Now Bitcoin is much bigger (as is the case every succeeding market cycle) so $69k is not impressive this time around, just as $20k was not impressive in 2021, and $1150 was not impressive in 2017.

Without an ETF we are probably looking at $130k-$150k or thereabouts (assuming there aren't any big issues like we had in 2021). Biggest chance of big issues this cycle is probably from governments like if the SEC tries to make a bunch of trouble to disrupt the bull run. But with an ETF I think that probably gives Bitcoin a good chance to hit a $150k-$170k peak this time around. I am not at all convinced an ETF is coming anytime in the next few years, so I'm thinking more along the lines of Bitcoin doubling to around $140k give or take $10k or so. Personally I'm playing it conservative and assuming it'll only go to like $130k.


You should learn more about Bitcoin, learn about its history, its growth, how the market cycles work, and so on. Your statements suggest that you don't understand that Bitcoin is growing massively every four years. Just think about this - at this point in the market cycle last time bitcoin was somewhere around $7k-$10k, now its at $40k. That fact alone should make clear to you why everyone expects prices much much higher than $69k in 2025, and it has nothing to do with an ETF.

But yes we should guard against overoptimism. For example some people last cycle expected Bitcoin to go to $300k in 2021. They just assumed Bitcoin would keep growing at the same pace and they forgot about diminishing returns as anything grows larger. This time I'm sure there are people who think it'll go to $300k in 2025 and again that is hopelessly overly optimistic. $300k would be a great target for the 2029 bull run (perhaps even a bit lower like $250k), not the 2025 bull run. But the opposite of over-optismism would be your statement of not understanding why the price would be larger than four years ago after four years of growth for Bitcoin.

[Sim_card]

FOMO is what had made the unexpected pump in bitcoin price, because most investors have believed that SEC will approve bitcoin spot ETF next year January and this have made them to start stashing their portfolio ahead of the approval. I must say that this is a good move for bitcoin price and this shows that we will have a price higher than 100k in the next ATH, this is a great move to end the year for bitcoin investors. If you have buy bitcoin yet, you should buy now because it is clear that the bull run is around the corner. I will continue with my regular DCA till after the halving.