Bitcoin seems to be struggling to cross the 40k mark again

[Dowenship]

Looking at the market for bitcoin, it has been continuously going up over the last month, and I believe that the rate of growth in the price of bitcoin almost shows that of an exponential graph when one looks at the curve over the last six months. However, since breaking the 40k mark, bitcoin has been consistently around the 35k region. What do you think is the reason for bitcoin being unable to break the 40k mark once again?

Are investors being more cautious now, or are we perhaps seeing the start of a possible bear market that can arise in bitcoin?

In bitcoin or crypto currency in general there's nothing like being cautious or caution controlling the market. If bitcoin fails to cross or eventually crossed is determine by the composite man

 

[Chibson]

Bitcoin has surpassed over that amount before and now back to under it. I still expect it to reach ATH this year again. Cryptocurrency market is unstable anyways.

 

[Aaron625]

Yes thats true , its again dropped to $33000 now , which is not a good sign , as we thought it will keep rising from $36000 , but lets see hopefully it doesnt fall the $30k mark anytime.

 

[Nomad]

Bitcoin is rallying around $35K. After falling from $64, and going down to almost $30k, bitcoin was at $40K for brief period but it again went down. Maybe things will improve.

 

[Josemendez]

Bitcoin is rallying around $35K. After falling from $64, and going down to almost $30k, bitcoin was at $40K for brief period but it again went down. Maybe things will improve.

The $40k price value is currently the strong resistance for bitcoin. It has not been able to stay within $40k for up to 24 hours in the past two weeks. We hope that things changes soon

 

[Alexandoy]

I think bitcoin increased lately with nine percent to reach $36,000 , bitcoin has been struggling going up and down lately, but I believe it can reach $50,000 be for the end of the year.

I have sad news for you because today, July 15, the price of Bitcoin is $32k only. In fairness to your prediction the end of the year is still far so it can still happen. However, there is the other side of the fence that the price of Bitcoin by the end of the year can be $10k and not $50k.

 

[Justin]

The thread was created in January. Bitcoin managed to reach $64,000 but then it started falling and now it is under $30,000 and it is struggling to rech even $35,000

 

[Ub40]

Actually, bitcoin has been struggling lately as the price has been fluctuating too much than before. But even with this, I have still lost hope as I believe that it will definitely cross the 40k mark and even go higher.

 

[Man]

Looking at the market for bitcoin, it has been continuously going up over the last month, and I believe that the rate of growth in the price of bitcoin almost shows that of an exponential graph when one looks at the curve over the last six months. However, since breaking the 40k mark, bitcoin has been consistently around the 35k region. What do you think is the reason for bitcoin being unable to break the 40k mark once again?

Are investors being more cautious now, or are we perhaps seeing the start of a possible bear market that can arise in bitcoin?

Every cryptocurrency type of commodity like gold or stocks will take some time to touch again the new heights and whenever it touches a new heights, it takes some time to consolidate themselves there and to move up again. Definitely for a period of 10 years, Bitcoin will be way above on what it is currently at.

 

[Hena101]

Bitcoin has again gone down and the price is at $35. When bitcoin goes down a lot of crypto currencies also go done. Bitcoin price fluctuations influence a lot of currencies.

Yeah you're right because i have been observing this thing for a very long when ever the price of bitcoin goes down the other coins go down with it and same thing when its up.

 

[BrolySSJ]

Every cryptocurrency type of commodity like gold or stocks will take some time to touch again the new heights and whenever it touches a new heights, it takes some time to consolidate themselves there and to move up again. Definitely for a period of 10 years, Bitcoin will be way above on what it is currently at.

If you are waiting for a period of 10 years on any cryptocurrency investment and if it is a major coin then I think that you will see major profits because you will be experiencing at least two events with the supply is cut in half.

 

[Chibson]

This post was shared in January and I think since then there has been a lot of ups and downs in the price of Bitcoin and other cryptocurrencies generally. The price has been to $64,000 and down to $29,000 and at about $48,000.

 

[BrolySSJ]

This post was shared in January and I think since then there has been a lot of ups and downs in the price of Bitcoin and other cryptocurrencies generally. The price has been to $64,000 and down to $29,000 and at about $48,000.

The price of Bitcoin has seen a lot of fluctuation over the last few months and there has been a lot of movement in terms of countries and companies that are starting to accept and reject bitcoin at the same time. This is what is causing the major volatility that we have seen recently.

 

[Lens]

Bitcoin has really driven on difficult terrain for some months and it has managed to surpass the fear region . Presently the coin hovered around the $40,000 mark . Expert have predicted that the coin would surpass 100k market before the end of 2021 and i strongly believe so.

 

[Yusuf]

Bitcoin has passed the mark of $40,000 as at now and it's now on the verge of crossing $50,000 at the moment. If it cross that height I think it's possible for it to get over $100,000 this year

 

[Heatman]

A lot of investors in cryptocurrency are actually expecting for the coin to reach the mark of 40,000 right now but it seems yet to get there but with hopefully it's definitely going to meet the mark.

 

[Senator]

I guess it has become too obvious that the Bitcoin didn't struggle too long in that spot because it did actually break away from that $40,000 mark and proceeded even beyond $50,000 too if you can relate and remember before the decline started

 

[tuna89]

It did struggle around that value and survived beyond It and currently around 49k USD and hopefully will go beyond 55k USD as time goes depending on the market activities.

 

[ahmedo24]

It did struggle around that value and survived beyond It and currently around 49k USD and hopefully will go beyond 55k USD as time goes depending on the market activities.

I think the moment it cross $51,000 we are likely going to see a sharp move toward $60,000 which is going to be a good moment for the cryptocurrency Investors.

 

[joy101]

It is really good to see the increase in bitcoin because we all that bitcoin will continue to increase in the market, so that investors will make good money from it.