If it hits below 30k, what levels are you looking at next?
Could help push price back up. Huge money on the sidelines. Or perhaps the BTC has already been purchased. That seems most likely.
Around $21k is a downside target for me.
Same. Put in my bids and be on my way 
1 Like
Only got down to $28k. Still a great deal for the long term trader IMO.
It could still drop lower though.
$30k looks like a bottom but everything is possible. But what`s the matter? DCA all the way. 
1 Like
CryptoWhale on his twitter account not long ago said that we are going to see 7k for one BTC time will tell if he was wrong or not I believe that there are certain other promising sectors in crypto.
No way! Now its best time to go long 
ā¦Targets for Satoshi inventory is arount 45000/50000 levelā¦
But better to buy LTC/USD
PS: Who is going to believe a coin artist? Everyone if he is good 
He did notice the huge inflows to Tether. But his guess is as good as almost anyone.
I wouldnāt be surprised if that happens, what with China doing what itās doing.
With the way itās going now who knows how low it can drop. 
From previous bulls and bears in BTC Iād say itās too early for a new bull move that takes out the previous high.
I believe it took about two yrs after the 20k handle top
While many hail crypto as some special asset class that conforms to different dynamics, it is still made up of human beings participating with all the fear and greed they possess.
Youād be hard pushed to find any asset class to lose over half itās value and within a few months above the previous high - even bitcoin has to obey the laws of financial gravity.
After such large gains so quickly it takes time to work off all that euphoria. The market needs to be deep in the depths of despair before a new cyclical bull move begins.
Bitcoin may be differentā¦ but Iām not betting on it. History teaches us that mass psychology tends to always be the same - so I for one donāt think the bottom is in yet.
2 Likes
@Johnscott31 That is some really good information. And I concur with you on this, the recent dip was pretty much expected as the market had suddenly gained a quick momentum after its previous crash. And this recent dip is pretty beneficial for the market as it has given a room for more buyers to step in and buy BTC for a good bargain price. About BTCās price, I think it would increase from here on as it found its ground after touching the 52k mark. You never know we may see a sharp rise in price in the coming days.
1 Like
Iāve spent many a year trading the precious metals market - especially silver.
In my neophyte days I fell for all the hype that silver was going to da moon.
It popped higher to $49.00 and I was pretty much caught like a dear in headlights holding my leveraged position all the way down to below $20.
For many years before Iād heard how silver was the best investment in the world, and how the big shorts were trapped.
Well I felt alot of pain over the next year as the market crashed and I had taken too much damage to sell my position.
Fast forward to 2021 - the Bitcoin crowd remind very much of the silver crowd - and my memories of those losses will always be fresh in my mind.
While the reasons for being bullish for btc, or silver are different the euphoria and hopeium is the same .
So Iām always weary whenever I hear how perfect any given investment or trade is.
It may come to pass that BTC really is what itās believed to be - I may even trade it from time to time.
But unlike many in this sector or market Iām nowhere near married to opinion.
And I guess I silently annoy a few bit bulls with my negative prognosis.
But one of the biggest truisms in the market is that the bigger the upmove the larger the downmove.
Sentiment ALWAYS needs to be rebalanced - and until CNBC stops talking about it I have to take the view the bottom is not in.
1 Like
I agree. Remember when the banks and big hedge funds were too big to fail?
Whenever people start throwing money at something, the fuse is already lit.
1 Like
I really hope Bitcoin is not another bubble, because if it is, when it bursts itās going to be painful.
In 24 hours bitcoin low $ 37,260.20.
Hereās the upper end projections from one corner of the world for 2021. Itās from last year, and it didnāt happen, but PlanB thinks weāre still in the range of possibility for hitting $100k.
1 Like