Post
Topic
Board Speculation
Re: Bitcoin $40000 resistance
by
kapalmabur
on 12/03/2022, 15:06:03 UTC
Please, give accurate information as you are think it can be, we all still know that bitcoin price will rise and reach ATH again.
I also think as has happened and as many people know how the ATH process occurs, I think once every four years it will happen like it did in 2017 and 2021, I have strong thoughts that the next ATH will happen around 2024 or 2025.

There is something to remember and I think logically, if ATH 2021 remains the price of Bitcoin at the $30-40k level, I have very strong belief that the next ATH Bitcoin can occupy the $100k level, it could be more.

Possible that the next bull run, we might see the price hitting 6 digits because that's what we wanted to see last year in December. But it wasn't meant to be, after hitting ATH in November we witnessed a downturn, but it you look at previous ATH's it is followed by a bear market and this is it right now. Nevertheless, above $40k price is still very good entry point for the majority and wait till the next bull run in 2024 to make a lot of profits if the price hits $100k or more.
2024 is likely the next halving, if you look at history, the price of Bitcoin has indeed increased after the halving,
look at the Bitcoin halving in 2020, the price of Bitcoin has risen to over $50000, and is currently experiencing a correction,
and that's a natural thing, I also agree resistance is at $40000, hopefully Bitcoin can break $40000 and head to $65000 before 2024.