The fun of buying bitcoin really never stops, it is not very clear where the increasing part of Bitcoin revert to going down, I think that people asking such questions really want to buy the low price of Bitcoin that is why they keep asking the floor zone,
But no one knows, and it is not clear whether a correction may happen I would really love to know as well the future when Bitcoin will hit the low again, because I really want to buy as well but the increase of price is still going but it slowed down a bit, but I am seeing the price may still go to $50,000 USD and beyond.
Many are started to wait at the bottom which I also think that its hard to tell since Bitcoin keeps aiming to go beyond the walls. If Bitcoin failed to break $50k after so many attempts, then the downtrend might started, though I’m not sure with this one but I’m also ready for the next bottom any time from now.
Even we get back to $30k or $20k, it wasn't the bottom yet. I still consider this is in bullish season. $50,000 is near to touch but it is too hard to reach. Many people are buying, rich people are investing Bitcoin but we can't deny also that many investors are selling their Bitcoin. They are pulling the market down.
But even we can't break the $50,000 resistance, the market still healthy. It seems impossible to see the market goes down to the dip once again for easy. We're not sure of course, but these institutional investors stopping this. Thanks to them.
Bitcoin won't see $ 50k for me. or even if he sees it, he will not be able to rise above it. I expect a solid decline since too many new people are entering bitcoin. It can go down to 38-39k dollars.
Will be interesting to see these 2 prediction's life span of being accurate.
Please refer to this thread:
https://bitcointalksearch.org/topic/m.56352105 ...
Another top day. Keep on truckin'.
Bitflyer/
BitStamp USD/BTC CoinFloor GBP/BTC Kraken EUR/BTC Kraken CAD/BTC CoinCheck JPY/BTC
------------------------ ----------------------- ----------------------- ----------------------- --------------------------
1 2021-02-14 48,746 | 1 2021-02-14 35,325 | 1 2021-02-14 40,324 | 1 2021-02-14 62,046 | 1 2021-02-14 5,102,687
2 2021-02-12 47,548 | 2 2021-02-12 34,454 | 2 2021-02-12 39,318 | 2 2021-02-12 60,686 | 2 2021-02-12 4,993,437
3 2021-02-13 47,122 | 3 2021-02-13 34,184 | 3 2021-02-13 39,068 | 3 2021-02-13 60,301 | 3 2021-02-13 4,974,107
4 2021-02-11 46,872 | 4 2021-02-11 34,035 | 4 2021-02-11 38,664 | 4 2021-02-11 59,824 | 4 2021-02-09 4,889,502
5 2021-02-09 46,705 | 5 2021-02-09 33,771 | 5 2021-02-09 38,627 | 5 2021-02-09 59,095 | 5 2021-02-11 4,879,658
6 2021-02-10 45,554 | 6 2021-02-10 32,882 | 6 2021-02-10 37,629 | 6 2021-02-10 57,583 | 6 2021-02-10 4,789,692
7 2021-02-08 43,069 | 7 2021-02-08 31,367 | 7 2021-02-08 35,596 | 7 2021-02-08 54,955 | 7 2021-02-08 4,442,800 ...
Please try and find 7 top ATH days in a row during btc's lifespan . Other than 2009
These moves are sidewinder action and the strike will come soon we will pass 50k in a flash and go to 60k like that.
People will be saying WTF happened?