Probably $43k at that time is the next big resistance that's why he is looking for it.
And obviously, we didn't hit it, so it didn't go as high as $50k because that is the next stop. And then we have a lot of ups and downs after reaching the current top of $41k. Three weeks of trading sideways, multiple FUD's surfaces, then in the last 24 hours, a simply tweet from Elon Musk spark bitcoin to reach as high as $38k. Now we settle at $35k.
So not $40k this January. But hey, lets look at the bright side, at least we have seen the price having a break out run, although short live but we still have February to see where the price is going. And maybe $40k will be in the horizon again.
That break out run is quite important for one reason, it shows that we can do it. In the crypto world it is really not that hard to go up or down, sometimes people decide that it should go up and collectively we buy so much that price goes up like crazy, we have reached from 10k to 40k in like 4 months or so, that is a record breaking pace for having 4x return, rarely you can see something like that in any investment ever so it showed how easy it was, we have also seen a lot of days when it can go down as well, more than 20% and it was easy.
That means there are prices we can go to very easily and there are prices we may have hard time, it showed us that 38k is nothing at all and it would require one rally and we will be there. Now that we are around the 35k marks it is easier for us to just take a look at the situation and go all in together so we can increase it 40k+ prices.
