Bitcoin a deep pullback @40K? - page 3.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Dsdaq on January 03, 2021, 10:56:07 AM

There is a saying that whatever goes up most come down. Some traders predicted a pullback @30K but got smashed. Can we see a pullback @40k?
Let have you thought on this...

Again, this is new to us, unknown region, that $30,000-$34,000 price range though was smashed in the last 48 hours, so that's how fast we get to where we are right now. So as far as pullback? no one can tell as the price keeps going up with just shallow corrections along the way.

But as far as reaching $40,000, probably this month it will be slice like a butter and then we will see how everything pan out after that.

sheenshane

legendary

Activity: 2492

Merit: 1232

IMO, never mind the pullback even though there's a rumor on it that it will repeat itself just like what happened in 2018 after the ATH was reached. It's probably enough that we saw Bitcoin was hit a new ATH by this year and we are only expected around $20K but now Bitcoin keeps pumping at the start of 2021. Probably there could be a short correction but never happen a pullback on my own.

It's obviously no one knows and pretty damn sure no one will predict the Bitcoin price. Just keep holding and watch out for the market price so that you can pull out anytime when there's a heavy correction.

If you will analyze very well, the large adoption of Bitcoin on different large companies recently is a big help of a huge spike in the market, I can conclude that Bitcoin will never down too much beyond $20k if there is. We still thankful that the Bitcoin price has been reached a new ATH by this year and I think that is enough proof that we must trust most in Bitcoin.

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: Dsdaq on January 03, 2021, 10:56:07 AM

There is a saying that whatever goes up most come down. Some traders predicted a pullback @30K but got smashed. Can we see a pullback @40k?
Let have you thought on this...

And there were speculations too that there might be a pullback after bitcoin reaches $31k. That is why there was a $100M trade that was liquidated.

Bitcoin price quickly climbs to $31K, liquidating $100M of shorts

The answer is we don't know if there will be or there will be none.

acener

full member

Activity: 1274

Merit: 115

★Bitvest.io★ Play Plinko or Invest!

Maybe it wouldn't even make it to $40K yet.
Mayve it would have a pullback before it even go that high or who knows how long would it take for it to reach $40K.
We already have a few price drop but it seems to be recovering fast.

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

Quote from: ?? on ??

I think bitcoin will hit the price of $ 40000 by the end of January 2021.

Me too, it’s quite clear that this cycle is going to be on performance enhancing drugs Grin

We're on the road to 6 figures (USD) per BTC. Nothing is stopping this train, short term price movements, dumps etc are irrelevant, we will see $100,000 minimum before 2022.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

We're in price discovery mode and there is a lot of buying pressure on the market from professional investors. Guess what... no one has a crystall ball, but when the big dogs are playing and the supply is thin surprising things can happen. Let's not forget that CMEs have a gap to close tomorrow, but that's not a set in stone rule.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

Nobody knows, you can research into TA until you’re blue in the face & everything you research can be blown to pieces in one violent, upwards price move.

Bitcoin never just rises in a straight like up forever, there will always be pull backs in any bull run becore the upwards trajectory continues. It’s impossible to know when though.

Wysi

sr. member

Activity: 1638

Merit: 261

I don't think there might be any pullback for atleast few months and if this trend continues then Bitcoin wil easily cross $40k within couple of weeks, post which either it will rally towards $50k or else we might see a correction phase. However Bitcoin has proved me wrong in the past as I though the market will become bearish from Christmas but it went other way around thus I cannot predict much as its out of my research zone.

btcwish1

full member

Activity: 401

Merit: 108

A pullback is already happening. The last all time high few hours ago was $34770. At the moment the price is $32750 as I write. A $2000 pullback within just few hours.

Bitcoin price is so high that, this few thousands pullback looks like peanuts and barely unnoticeable! Roll Eyes

BIT-BENDER

hero member

Activity: 1666

Merit: 709

Playbet.io - Crypto Casino and Sportsbook

Quote from: Dsdaq on January 03, 2021, 10:56:07 AM

There is a saying that whatever goes up most come down. Some traders predicted a pullback @30K but got smashed. Can we see a pullback @40k?
Let have you thought on this...

I think the correction will not wait till 40 thousand dollers before it happens but when Bitcoin passed the former all time high ATH I thought before 25k it would not pass that amount before it dropped but this new year 2021 Bitcoin has passed 30 thousand dollars regardless 40k without a major is something I don't think may happen.

Sterbens

sr. member

Activity: 1848

Merit: 341

Duelbits.com

There are setbacks, it's just that in some cases it will be difficult to categorize them as significant setbacks. Bitcoin had a lot of fun that month, so while we waited, the value returned to $ 30,000 or even $ 20,000 even though it was very tedious or would never even happen. can't be sure it's tomorrow or the day after tomorrow. all we need to prepare is to raise a welcome amount on the basis of $ 30,000.

pixie85

hero member

Activity: 2184

Merit: 531

Pretty much the same question people were asking when Bitcoin went from 3000 to 5000 in 2017.

They predicted that 2x the price should trigger a huge correction and there was only a small one and the price went to 7000.

Again everybody thought this should be the end, there was a small correction and a week later price was on its way to 10000.

You never know when investors will run out of fiat money. Maybe at 40 maybe 45, maybe 50 Wink

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

This is Newtonio proverb that

Code:

What goes up must come down

But you have to know that BTC already surpassed gravity and we are on the way to the moon.

I do not expect any big pullback, a correction may happen but this will not have much effect on the market average. If you are hoping that the market will dump again like in 2017-18 and give you a chance to buy at a lower price, it would be foolish. Many big investors and organizations like(Grayscale,MicroStrategy) have already invested in Bitcoin, they will not let you buy at a lower price.

Asuspawer09

sr. member

Activity: 1820

Merit: 436

Quote from: Dsdaq on January 03, 2021, 10:56:07 AM

There is a saying that whatever goes up most come down. Some traders predicted a pullback @30K but got smashed. Can we see a pullback @40k?
Let have you thought on this...

We still don't know how the market price could behave in the market and even a lot of people and investors are so surprised because of the price pump in the market that is supposed to be just reaching the ATH.

Hopefully, it would pull back because I already sell my investment Grin

in BTC, and a pullback is also healthy for the market at some point it will be a huge dump for sure if the market price just continues to pump.

But for sure the pullback will happen soon in the market whatever we do we just need to wait it is impossible that the market would just continue to pump because the market circulate.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Obviously no one knows. A lot of people didn't even expect that we'd blow through $20k like it was nothing. Just continue stacking sats(by dollar-cost averaging) if you're a long term investor, hold the funds on a non-custodial wallet(preferably a hardware wallet), and have some extra cash ready for huge pull backs.

Dsdaq

copper member

Activity: 122

Merit: 1

Dsdaq - One Bitcoin, Trade all assets

There is a saying that whatever goes up most come down. Some traders predicted a pullback @30K but got smashed. Can we see a pullback @40k?
Let have you thought on this...

Topic: Bitcoin a deep pullback @40K? - page 3. (Read 686 times)