When Will Bitcoin Exceed $40,000 Again? Expect Ups and Downs
Bitcoin and other cryptocurrencies are tumbling. When will Bitcoin (BTC) surpass the $40,000 market once more? Here's what investors can expect.
Apr. 18 2022, Published 1:52 p.m. ET
The SEC has warned investors numerous times over the years that Bitcoin (BTC) and other cryptocurrency assets are highly volatile and speculative in nature. Despite that, many investors have made out well — but, as happens with Bitcoin, they aren't winning all of the time. In a recent tumble, BTC fell below the $40,000 mark.
With the recent drop, Bitcoin is about a third off its all-time high. When will the asset work its way back up the value chain by surpassing $40,000 again, if at all?
Bitcoin and other cryptocurrencies tumble in volatile streak.
A collection of cryptocurrency assets tumbled on April 18. This includes BTC, Ether (ETH), Binance (BNB), Ripple (XRP), Solana (SOL), Cardano (ADA), Terra (LUNA), and Avalanche (AVAX).
For Bitcoin, the asset fell about 6 percent from April 14. Over the last six months, Bitcoin has lost 36.73 percent of its value, coming from a time when the asset was worth its peak.
The bear run in the crypto market aligns with stock market fears and a potential recession. These days, there’s an estimated 35 percent chance of a recession occurring. Standard Chartered chief strategist Eric Robertson told reporters, “We are increasingly concerned about a summer of turbulence and volatility.”
Bitcoin's price has fallen below $40k for fifth time this year.
This is the fifth time Bitcoin has fallen below the $40,000 mark so far in 2022. The previous declines occurred in late January, early and late February, and early and mid March. Yet another pressure point for BTC suggests the asset is hovering around the $40,000 mark on either end of the threshold.
When will the price of one bitcoin exceed $40k again?
Price predictions for Bitcoin run the gamut, from extreme critics to equally extreme fanatics. On the bearish end of the spectrum, experts say BTC could tank to $10,000. This would be troubling for crypto investors as a whole since other crypto assets tend to shadow Bitcoin’s movement.
On the bullish end, experts say BTC could hit $100,000 by the end of 2022. While neither extreme is the likeliest option, investors will likely see a middle ground.
Bitcoin will likely exceed $40,000 again, perhaps even numerous times over the next few months. Bitcoin could climb steadily toward its previous all-time high of more than $60,000, and that seems to be where most experts lie. Invest Diva founder Kiana Danial told reporters, “What I expect from Bitcoin is volatility [in the] short-term and growth [in the] long-term.”
Even Matthew Hyland, a crypto technical analyst and blockchain data analyst that thinks Bitcoin will reach $100,000 in 2022, says downward price pressure could continue to create “free fall” events.
BitMEX crypto exchange Arthur Hayes is eyeing an even deeper low. He said, “Bitcoin and [Ether] will bottom well before the [Federal Reserve] acts and u-turns its policy from tight to loose.”
While the decentralized blockchain network and its transactions are separate from the traditional economy in many ways, they’re not mutually exclusive. Bitcoin’s latest crash is evidence.
