Will BTC go back to $40K - $30K range before a bigger rally?

[JimboToronto]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

[YUriy1991]

So can we expect a major correction or it's going to go up again and reach $80K before halving?

I think the ability to see where the market is going should be the main focus with updated information about conditions and issues that are currently hotly discussed. For me, if that's the case, it's like a classic dilemma and you just need to deal with it well, and this looks like when BTC rose high during the previous week, will we miss the train again and for now we are doing the opposite, will BTC corrected more deeply then bought.

I think we're more likely to see $300k-$400k than $30k-$40k.

It looks like buyers have to print more, otherwise the price will continue to move upwards.

[Bd officer]

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So can we expect a major correction or it's going to go up again and reach $80K before halving?

I expected the price of Bitcoin to cross the highest ATH before the halving ahead, Bitcoin broke its previous high price record before the halving and again recorded a new high ATH. We cannot accurately predict the price of Bitcoin. However, since we are so close to the halving, I think it won't be $80k before the halving. I expect it to be in the $70-80k range before the halving.

[Nothingtodo]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

There will be a bear market in Bitcoin but it is not certain that the market will stay below 40000. But at the current position, Bitcoin has a chance to cross eighty thousand dollars very easily. But before the halving, Bitcoin must close $70,000 again. But if Ethereum Spot ETF is approved then definitely Bitcoin will cross $100k within this year.

[peter0425]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

What I do believe is if Bitcoin drops down to 30-40kish? then that would be the meaning of Bear market and yeah of course it will climb back to the top but surely that would not happen instantly instead will take long months of growing back
if bitcoin did not maintain its 50-60k positioning then there are more possible that we will suffer from what Halving usually  brings and that is Bear.

[Adbitco]

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

I really love your believe in bitcoin but lemme shock you sir, do you know that we can't predicts bitcoin price?
There is every possibility for the price to dip 50 percent from the newly ATH and you knows that maybe if there were any bad news that hit the market so hard we can likely experience that coming so quickly without delay.
Well, from my own believe bitcoin gonna dip to 50k before halving or maybe after halving before we can see it cross that 100,000 dollars as may feel it so quickly. If there is nothing I have learnt from bitcoin I can't forget the volatility level of bitcoin this can humble you at anytime when you don't expect it.

[jaberwock]

Let me make it simple. Bitcoin is not going to $40000 ever again, not to talk of going to $30000. If there will be further dip, bitcoin is not going below $50000 and that is why some analysts said it might dip to $46000. With what I think, bitcoin is not going as low as that ever again. I believe more in the upward direction than downward direction. All that I know is that bitcoin will get to $100000 and this time is just for little retracement.

I really love your believe in bitcoin but lemme shock you sir, do you know that we can't predicts bitcoin price?
There is every possibility for the price to dip 50 percent from the newly ATH and you knows that maybe if there were any bad news that hit the market so hard we can likely experience that coming so quickly without delay.
Well, from my own believe bitcoin gonna dip to 50k before halving or maybe after halving before we can see it cross that 100,000 dollars as may feel it so quickly. If there is nothing I have learnt from bitcoin I can't forget the volatility level of bitcoin this can humble you at anytime when you don't expect it.

I do agree that we have no idea what bitcoin will do, but that doesn't mean that we do not know the long term, we just don't know what it will do short term. So could it go back to 40k? I don't know, it's technically possible, I do not believe that it will but I can't provide any proof that it won't. However, we should probably realize that it is not going to be all that confusing to have something that will be all that difficult neither, we need to just realize that it would be simpler than that.

So all in all, I think it is clear that we are going to do fine, only thing that matters at this moment is to just let it be. I hope to get a better result, and for that to happen I just need to hold, so I do not fear any drops.

[Bitstar_coin]

It is always good to make this type of post to be a part of history when btc keeps breaking records time and again.

I guess the OP don't know what's ahead, halving is very close and there are higher price prediction than what we are seeing now. Perhaps what we are witnessing now is the aftermath of the ETF approval. I remember majority of the btc community expressing disappointment as the price dip after the etf news.
Btc is a wonder coin and it is hard for anyone to correctly predict it's movement.

Even if it will correct I doubt it will go as low as the OP has indicated. Let's watch and see how things will play out.

[aoluain]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

I was thinking something similar, the OP is hoping to buy at that price range. I would say some
people got caught out when Bitcoin was $30/$40k and hoping to buy lower, then it ~doubled!

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

Yea we are seeing a correction but to start calling "Bearish  momentum" a month before
the halving seems a bit odd.

Lets face it nobody knows where the market is heading in the short term but I cant see
it falling back to $40k and lower, not when we have seen serious buying up to last weekend.

The halving is still ahead of us.

[ajiz138]

Not sure bitcoin will crash back to $40K this is still too far even though your view says "no one knows" but stagnant now bitcoin will go back up after some time and this may be the same pattern before.

Expecting a big correction? Maybe! But I never expect this to happen, bitcoin will survive according to what we predict now then maybe the lowest point where the price to $60K and then will rise again after halving even before the rally starts bitcoin will still move.

[erep]

Yea we are seeing a correction but to start calling "Bearish  momentum" a month before
the halving seems a bit odd.

Lets face it nobody knows where the market is heading in the short term but I cant see
it falling back to $40k and lower, not when we have seen serious buying up to last weekend.

The halving is still ahead of us.

Every time the crypto market experiences a high correction, there is a lot of new speculation saying it will enter the bearish market zone, even though the market increase dominates compared to the low correction in the current market, the market is still in normal condition after experiencing a significant increase in the last two months, I do not agree with the opinion that the market will was in the bearish zone before the halving, at least the market is gradually above 50k before the next increase, and I am optimistic about that speculation.

[Franctoshi]

 I doubt if that would happen, seeing Bitcoin go back into the $40k zone, Yes, it is possible, after all, no one expected Bitcoin to be trading above previous ATH $69k before the halving, So getting such a correction is also healthy for the market and means more buying opportunities for me in the market. However, from my observation in the market how every dip is being bought up, Bitcoin wouldn't even spend a day trading in at $40k Level, it will be bought up ASAP, But from my analysis, and if at all, we have more selling pressure still coming in the market, $55k price retracement for Bitcoin is in agreement with some indicators I use, 50 Day RSI, and the 200-Day SMA,  for a healthy pullback.

[Wexnident]

I highly doubt it. If we ever go down, it'd be at most to around $55k or $50k. I'd probably expect to see a bounce back whenever we do reach those levels since a lot of people are still rather bullish. The current correction we have was honestly something I expected around when we went to $50 -55k, but probably went a lot higher due to the FOMO back then.

Still, again, I don't think we'd be seeing $40k so if you're thinking of waiting to buy, don't. Just DCA if you really want to. The halving still hasn't even happened, and I expect the effects of said halving to happen half a year to a year later anyway.

[_BlackStar]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

Someone may realize they missed the train - so they want it to turn around in the hope of getting on it. LOL

As for the possibility of a correction, IMO it's possible - but at $40K, I think it's less reasonable to expect. Prices will be even higher after the halving - so anyone who doesn't buy now or has bought before will only regret it. Currently the price is undergoing a correction - at least giving anyone a chance to buy below the ATH, so they can still get it before the train moves.

[Adbitco]

Snip

So all in all, I think it is clear that we are going to do fine, only thing that matters at this moment is to just let it be. I hope to get a better result, and for that to happen I just need to hold, so I do not fear any drops.

But if I may asked is there any need to get disturbed over the price of bitcoin knowing too well that such person aren't holding? Bitcoin as we may see could likely repeat what happened where people would think that bitcoin gonna reach 100k last time and it bounces back to what we don't expect. But as long term investor whenever bitcoin drops we shouldn't get worried rather we can utilized such opportunity to accumulate more by involving oneself into DCA and, with what the market is displaying currently DCA is the best approach to follow the market.

[Troytech]

Based on the pattern on the chart, it seems like Bitcoin is going to correct itself but to what extent, no one knows.

We can clearly see that BTC hasn't been able to cross its previous highs after each dip recently which indicates that there is a bearish momentum going on.

I think it's better to call it a correction than a bearish moment, we are clearly still in the bull and we can't just switch to a bear market when the price trend is still going up when looking at it from a higher time frame.

I think this recent correction was bound to happen, but from my previous speculation I was really expecting it to be strong and go down to 60k before gaining strength, but clearly I can see that the sell pressure isn't that much since bitcoin reached a new peak. I believe that as we reached a new ATH some investors decided to sell and that's what caused the price to correct and it would have been much more high if the ETF buying isn't giving the correction quite the resistance by buying almost all or a percentage of the available supply that the recent selling has caused in the market and I don't think the pressure of the correction would go further than this 66k range minimum that we are seeing.

So can we expect a major correction or it's going to go up again and reach $80K before halving?

Let's discuss.

Regards
SK

I don't know for sure how much lower its going to get but it's possible that we would maintain this battle of consolidation for a while maybe not specifically at this price range, but much like an up and down movement maybe for this week before we settle and gain back momentum to reach 80k, the halving us just around the corner and it's now invalid to be expecting the bitcoin to reach a new ATH after the halving, but right now we cam actually expect that the pressure or momentum of the bull woidl either have short boost and go up to 100k and hve a more bearish moment cause I'm sure the selling then wiudl be a lot higher than now and I'm not sure the ETF buying would give too much resistance to it and from there on I don't know if we would start having decile or if the market woudl recover and go up to 120k, but for now its all speculation.

Yea we are seeing a correction but to start calling "Bearish  momentum" a month before
the halving seems a bit odd.

Lets face it nobody knows where the market is heading in the short term but I cant see
it falling back to $40k and lower, not when we have seen serious buying up to last weekend.

The halving is still ahead of us.

Every time the crypto market experiences a high correction, there is a lot of new speculation saying it will enter the bearish market zone, even though the market increase dominates compared to the low correction in the current market, the market is still in normal condition after experiencing a significant increase in the last two months, I do not agree with the opinion that the market will was in the bearish zone before the halving, at least the market is gradually above 50k before the next increase, and I am optimistic about that speculation.

People seems to quite misunderstanding what a bear would mean, the market overall trend is bullish when looking at it from a higher time frame and you would not even notice this correction and a bearish zone woudl be like a major price decrease to 50k which would not happen considering the buying pressure still on by the ETF, this correction was bound to happen, weak hands woud love to valim profits and maybe buy back. So it's normal to had for this consolidation yo happen. Next week we should have recovered fro  this and up to 80k I guess or more playing around, who knows 🤔.

[QueenSk]

Still, again, I don't think we'd be seeing $40k so if you're thinking of waiting to buy, don't. Just DCA if you really want to. The halving still hasn't even happened, and I expect the effects of said halving to happen half a year to a year later anyway.

The market is quite unstable at the moment, so just like others, I'm still waiting to see what will happen next.

And since there is no clear direction for us at the moment, doing DCA will probably the best way to go in uncertain situations like this.

[stomachgrowls]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

There are still those $10k bearboys who are really that keep wishing that the price might be going down with these levels but actually this is really indeed a wishful thinking on which i could say that
it is really just that too far off on dropping this low but since we are talking about crypto space then we do know that everything could be possible but just simply looking about into the sentiments
around then it would really be that hard to believe that we would really be getting this low but of course it would really be that depending into things that could happen.
There's no way that we would be able to know on whats ahead.

For sure there would really be still that market corrections on which it is really just that normal on any market. So if you do see and waiting for that dip then
its up to your decision whether you would really be trying out to wait for those numbers on which it would be basically be depending into your decision.

[UmerIdrees]

$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.

I still do not think that Bitcoin price of 40K is a "Wishful" thing as if the price dumps to that level, there will be so much fear that people will still not buy Bitcoin and wait for more lower prices. It's strange that we buy when the market is greedy and we sell when the market is fearful. The successful trader usually will do the opposite that is they will sell when everyone is greedy.

Anyway, we are so near to halving and already made the all time high, that going back to 30K seems impossible. Even I think that bitcoin prices won't even reach this level of 40,000$ again, not even in the next bear market.

[MFahad]

I think that bitcoin prices won't even reach this level of 40,000$ again, not even in the next bear market.

I don't think so, to be honest. Bear markets can be very brutal by nature, you never know how much the market might crash when the bear market is here and no matter how high the prices might go in during the bull run, it can still go back to those levels once we are done with it. No one must have thought that Bitcoin would go back to $16k last time when it touched $69k but it did.
So even if Bitcoin goes above $100k in the bull run, it will always have the possibility to going back to $40k or even lower than that in the bear market and the lower it goes, the higher opportunities it will bring for us buyers.