Bitcoin price prediction: Bitcoin still not ready to break $40,000?


The first thing to do in any project is having a clear goal. This way you are able to focus your energy towards a specific objective instead of spending your time on things that are not related to your goal. The second thing is to consider the timeframe. Now, I have been covering Bitcoin since 2013. I consistently made predictions about BTC price. I have been doing so again for a few weeks now. These posts are meant to give you some insights about my predictions and how I got to the conclusions.

Since the beginning of the year, Bitcoin has risen from around $1,000 to reach over $10,000. So it is not surprising that its price has been driven up by VC investors being willing to invest huge amounts of money into startups that have the potential to build blockchain platforms.

When the cryptocurrency market was at its heaviest last year, the price of bitcoin, the most-traded currency, was above $20,000. The future is brighter than ever for bitcoin, but there are many obstacles that stand in the way of the currency breaking $40,000, such as the increased regulatory scrutiny that comes with a high price. That being said, it is still not too late to get on the bitcoin bandwagon.. Read more about bitcoin price predictions and let us know what you think.

Summary of the situation

  • BTC rose yesterday.
  • BTC/USD is still trying to break through the $38.00 level.
  • The next target is $40,000.

The forecast for today’s bitcoin price is bullish as the market is slowly moving forward and has approached the $38,000 mark again. Therefore, we expect BTC/USD to rise in the next 24 hours as bulls try to break through the $40,000 level. Crypto-currency heat map. Source: Coin360 Overall, the market has seen mixed results over the past 24 hours. Bitcoin fell 2.65 percent and Ethereum fell 2.2 percent. Stellar (XLM) is one of the top performers with a gain of 6.58%. BTC/USD opened at $37.253 after a small rally yesterday. Bitcoin has pulled back in the last few hours, suggesting that a new higher low will be reached before the bulls try to push BTC/USD back up.

Bitcoin price movements in the last 24 hours

The BTC/USD exchange rate moved in the range of $35.809 – $37.896, indicating moderate volatility. Trading volume fell 9.79% to $33.4 billion. At the same time, the total value of the market fell to $673.5 billion.

4-Hour Chart BTC/USD – another small pullback today

On the 4-hour chart we can see that the market has fallen in the last few hours and formed a lower level. Four hourly chart BTC/USD. Source: TradingView Bitcoin price prediction: Bitcoin still not ready to break $40,000? The market as a whole is starting to lose its bearish momentum in recent days. Several higher lows have been made so far, suggesting that the bulls have gained momentum over the past 24 hours. However, the BTC/USD pair has still failed to establish a significantly higher high, meaning that the bitcoin price has been trading in an increasingly narrow range for the past 24 hours. Therefore, until a higher top is reached above the $40,000 level, we can expect another sideways move in the coming days. Once a high above $40,000 is reached, we can expect a rapid upward move with the first minor support at $42,000 and the next at $47,000. The bulls will then take control of the market and should push the bitcoin price to a new all-time high in the coming weeks.

Bitcoin Price Forecast: Supplement

The forecast for the bitcoin price is bullish as the market continues to make slow progress. Currently, the short-term pullback looks like a multi-day retest of the uptrend support line. As a result, BTC/USD should continue to rise in the next 24 hours to mark a new high and attempt to break through the $40,000 level later this week. In anticipation of a further rise in the price of bitcoin, read our latest guides on Cardano, Zcash and Litecoin. Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.Making predictions is something that everyone does. We all want to be heard as the best forecaster, whether it is about the weather or the stock market. But what is the process of making predictions like? How do people do it? By analyzing the facts and looking at the trends, we have to make a decision about what we think is going to happen, and then we have to communicate that to others. Sometimes it works, and sometimes it doesn’t.. Read more about will cryptocurrency crash and let us know what you think.

Frequently Asked Questions

What will bitcoin be worth in 2023?

In 2017 I created a post that posed the question, “What will bitcoin be worth in 2023?” At the time, I got a lot of flak from people saying that bitcoin would never reach $40,000. A lot of people also argued that bitcoin was overvalued at the time and that I was foolish to think that Bitcoin would be worth $100,000 in 2023. So, what happened? Bitcoin, the decentralized digital currency, surged to previously unimaginable heights this year. It’s now worth $17,000 per coin, up from just $1,000 in January. But is the crypto-currency ready to hit $40,000 and beyond, as the likes of Fidelity Investments, JP Morgan Chase and Co. are predicting? To answer this question, we need to put bitcoin’s meteoric rise into perspective. We’ve gone through the 1970s, the 1990s and the 2000s to find bitcoin’s breakout year. We’ll take a look at the price of a Bitcoin in years to come, and provide some insights on what that might mean for the future of the digital currency. We’ve already discovered the peak year for cryptocurrencies

What will bitcoin be worth 2040?

If you’ve been following the crypto-currency scene, you’ve probably noticed the past week or so has been a bit of a rollercoaster. The most dramatic price movements seem to come from major news events – the cancellation of the Segwit2x agreement, the arrest of Ross Ulbricht, and the arrest of the Dread Pirate Roberts, all have at least some impact on the price of bitcoin. Bitcoin is one of the most popular cryptocurrencies out there, and while some financial analysts claim it has yet to find its true value, others like the idea of the digital currency being worth $100,000 a coin by 2040. The truth is, no one knows what the future holds, but it’s easy to see why bitcoin and other cryptocurrencies have their believers.

What will Bitcoins be worth in 2050?

With the recent surge in price, it is not surprising that Bitcoin is hot again. Since the end of last year, when it was hovering around $4,500, the price has more than doubled. Will it continue its rise? Or will it fall? At the end of this year, Bitcoin will undergo its first hard fork, which will result in the creation of a new currency—Bitcoin Cash. Will this result in a further rise in price? Or will it be a failed attempt at copying the success of Bitcoin? Bitcoin has entered the mainstream, and some of the biggest companies in the world are starting to accept the digital currency as a form of payment. And though the value of Bitcoin has remained relatively stable, there are a few things that could cause it to fluctuate either way in the future. What’s a Bitcoin worth in 2020? What will it be worth in 2040?

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