We might not see Bitcoin under 40k ever

Hi everyone,

Bitcoin price didn't stay under 40000 for too long and after brief dip started to recover.

For the last 30 days Bitcoin price increased on 30% and set new yearly high at around 53000.
This is a big change in Bitcoin price dynamics as it almost rule out any dump under 40000 before halving happens.

52000 - 53000 resistance area is very strong and important for Bitcoin price.
If Bitcoin manage to break this area and hold above 53000 then road to 60000 opens.
If Bitcoin won't manage to break this area then the main target will be 47400 support line where price can consolidate before next attempt to break resistance.

In any case I don't expect Bitcoin price dump in coming months and most likely we won't see BTC price under 40000 any time soon. The ETF buying power is too strong and they don't let price to go down.

Please, do not forget to boost this idea & share it with your friends; thanks.

Kommentera:

Bitcoin price broke 53k level and as I indicated in this idea now road to 60k is open.
I'm not sure if price goes above 60k but it definitely can test it.

Also, for those who doubted title of this idea I will remind that the only option for BTC to go below 40k is before halving or right after it.
There is no way that Bitcoin price drops under 40k afterwards and if you doubt it then you just don't understand how it works.

Kommentera:

Bitcoin price almost reached 60k as was expected.
Now we have to see at what point this move will stop.
I'm guessing that it can continue up to 62k - 64k area.

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BTC broke 60k level

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Bitcoin is above 61k

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Bitcoin touched 63k

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64k in da house

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Bitcoin set new ATH even though difference is very small but still.
Now BTC should break 70k and fly to the moon.

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BTC updated its new ATH at 70k.
Wait BTC over 70k.

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Bitcoin price broke 70k level and almost touched 73k.
I think we might see 75k on this week.