The hopes that bitcoin will top $20k this year seems to be fading in light of the recent crash

[Arslan Ch 2163]

All those thinkings were proved wrong and the people who showed their trust And invested in Bitcoin are the happiest now by seeing it's rise as it is going to the new highs That's why we should never trust to the rumors and make your analysis based on ground realities and observation of market and be confident to take your own decision and then stand by it.

[annayks 2314]

The way this post describes that small drop in price at a level where it was expected too, it makes me think that it was fud and the author had sold waiting for lower, however lower didn't come, it kept rising and I remember reading many fud posts in cryptocurrency websites from traders that ended buying way higher.

[yulitzacalvete 1366]

BTC has managed to break the 40,000 dollars and this is something unexpected now we do not know what will happen with BTC so I see a market in great volatility so you have to be careful with this.

[P A Ashif 2409]

Every hopes are fulfilled,  every prediction that Bitcoin will go past all time high is right. As now btc reached $28k its predicted that it will go upto $40k or more.

This is hard to digest but it is the fact. And all those who are holding it , its not the time to sell. Keep calm and hold your breath. I suggest go for buy. It's too expensive now but its going again to more expensive. 

[jappy 1129]

This undoubtedly was something that we saw with our own eyes and it came to light look at the btc and it passed 30k and it reached 40k and then it returned to 30k it is estimated that its base value will be 20k and hopefully this is something more stable this year.

[Syriana 350]

I think, my friend, that the rise is coming, and the price of one bitcoin will reach 30,000 and above. As for a drop now, it is only a correction drop so as not to leave a gap behind it. This currency policy is carefully studied to maintain the growth of Bitcoin and its rise in proportion to the rest of the cryptocurrencies

[Pereira 2303]

In November it was a correction adjustment and it was possible to see how bitcoin surpassed its established mark exceeding 20K in 2020, but it brought great gains in the market since not only did it stay in 20k increase to a new registered mark at 40k, the largest brand that bitcoin arrived in all cryptographic history and its constancy of increase was the same decrease, a week ago it was at 40K and now it is at 30K, we all know how it is in the market and we also understand its volatility, but the true The question is what will happen to the high market of this cryptocurrency in its field. The real cola will come now?

[susan8929 811]

Drops in Bitcoin don't always mean a change in trend. When Bitcoin is in a bullish market, there are always corrections, but they're only to consolidate the price and prepare the next bullish momentum.
What happened at the end of November was that, because the $20k level was a pretty strong psychological point and Bitcoin wasn't going to get over it easily.

 

Now, we're also in the middle of a correction and I think it's the same thing that happened at the end of November, it's just a healthy correction and then it keeps going up. Well, for now there is no change in trend and the bull market continues. In addition, I think that the maximum price of this rally has not yet arrived.
 

[Choudhary umer 0]

This is a happy moment for those who have the Bitcoin in lot of numbers because the price of the Bitcoin is on its peak level and there is a big chance to get the big profit on the sale of Bitcoin but I want to suggest all of those they should to hold their Bitcoins for the future profit

[Serbberq 724]

Bitcoin have top upto 40k usd, last year was a very good year for bitcoin holders and investor and still we hope this year will be better to see more rises after the market slow down for people to buy and hold again. 

[Ameralsamt 2558]

My friend has something fading, The bitcoin currency has recorded a very large record, has returned and declined a bit, but this decline is only a correction, offset by support and resistance, so do not complain that the price of Bitcoin will continue to rise really. 

[Feras1997 97]

Dear friend .. With the beginning of the new year, the price of Bitcoin crossed the barrier of $ 35,000 .. It seems that it is developing significantly .. Its price rose to 40,000 and then decreased again to 35,000, and I think that with time its price will exceed 40,000 .. I think the reason for the increase is due to the large number of traders. And its frequent adoption by some companies

[Quickbee 26]

Price corrections are common in any financial market and is good for the overall health of the market. So even if the price of Bitcoin has fallen a little it still has a lot to go.

[Farukatie 1271]

Dear friend equal hope and prediction becomes right and the price of Bitcoin rises to a maximum level this year and reach up to $39,000 which is a very great amount for every investors so that it is a very good think that the price of Bitcoin rises very up 

[Samotokika 1780]

On 11/27/2020 at 11:50 AM, BrolySSJ said:

Recently there has been a major bull market in the bitcoin field and in fact this was also evident in other crypto currencies as well. Over the last month we have seen the bitcoin price almost double, with it being on the brink of reaching a new height that exceeded the previous maximum in late 2018. Unfortunately, the hopes of the coin reaching a new height is slowly starting to diminish as there was a major bitcoin price drop on Wednesday, which continued into yesterday and ultimately today as well. 

 

Looking at the price of bitcoin, it dropped by 8.7% on Wednesday alone. This is a major drop. But what do you guys think accounted for this drop? 

 

The Bank of England says that the recent use of bitcoin for payments, makes the bank very uneasy and nervous, and says that people that choose to take their funds and put them into crypto are running a huge risk as they could lose all their money. Those that would have bought bitcoin in the last week alone would be seeing some major losses at the recent price drop. 

 

What is your thoughts on this? Do you think that the bull market is over and that we could see a fall in price that is similar to the one seen in early 2019? Or was this drop in price just a correction factor, and prices are going to surge again? Let me know your thoughts. 

Dude there are always a good hope because anything could be happen in this virtual currency word so as now the new year and the Last some months of the past year prove very good for Bitcoins that it is very much higher these days

[Guru2050 8284]

Sometimes believing in certain crypto updates inconsiderately, aimlessly can make some failed to reach out to their plan target to cash up profit. Bitcoin can't be stable with zero corrections no matter the pumping because it is extremely enforce to obey demand and supplies.

[pablomarwan 3082]

The same scenario will not be repeated as it was during the past years. But the price decline is a clear matter that cannot continue to go up like a missile, and there is no stopping it. However, there are some times when investors reap their profits.

[Samer1997 715]

There must be a correction for the ascending path from time to time, people who are familiar with trading and investing understand that well, when the currency rises with an upward path that makes its value double and then comes a decline, and if it is a large percentage, this is not called a downward path, but rather a price correction followed by another rise, no Cause for concern

[Dadouasaad123 902]

You don't have to, this is a thing that happens constantly, most of the currency holders sell what they have in order to decrease the value of the bitcoin, then buy another quantity, bitcoin is always down and then it rises to a new peak, keep the bitcoin and be patient.

[Mella 3680]

It was only a few days later Bitcoin reach 20k and passed with ease. There was no drop but a minor setback. Where is a drop is lately when the chart looks very hard to keep pushing because many today are cashing out. The only one that keeps holding the pattern is Tesla and we will hear soon they bought more, but the effect will not be the same as when price was struggling at 40k. The end is coming, maybe now maybe in two months, there is reduced influx of money and the hopes of some advocates were that the stimulus will go to Bticoin, but it didn't. The world is in a very difficult spot and it is not Bitcoin that will help at this kind of prices. Thsi is a game now for the big players if they want it or not. We are not part of this anymore.

[Tomy2 375]

This was something that came through and Bitcoin finally surpassed it greatest highest value and currently now it keeps on making new higs everyday. If you invest in Bitcoin then just know that you will get profits if you are patient

[piuri01 446]

Hello, collapses are normal in all currencies, but we must not despair, rather we must be patient and continue working, we have seen how bitcoin has risen in price, nothing has been able to defeat it.