Bitcoin Forum

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...

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.

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  ;D 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.

This is Newtonio proverb that 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.

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 ;)

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. :)

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.

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! ::)

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.

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.

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.

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

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.

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 (https://cointelegraph.com/news/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.

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.

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.

This paradigm is different from the previous 2017 bull run which impacted the recent bitcoin market with an obvious sell off after hitting an ATH. Right now the market is breaking ATH to ATH. Most practically, these bullish activities may not likely correct yet as it is making another parabolic. $40k is not an ATH yet so we may not see corrections further but if it goes to 40k - we will be expecting significant retracements.

It is hard to predict how the market will react, i was expecting a correction when it touched the all time high valuation, we had a minor correction but then investments starts pouring in and the market recovered swiftly and then it crossed $30k with ease and all this happened within a few trading days and i have no idea how long this rally will continue and what will be the market situation a few months from now. All you can do is speculate how far the market will move upwards and when we will see a correction.

I'm also still predicting that because when the ATH might go beyond 40k-50k or higher, it seems unlikely that a pullback to 40k is likely. If that happens it looks like the value traded in the future will not differ from previous years. So I think it still depends on how high the ATH will be, but I just hope that with this bull run at least the lowest value in the future is still in the high price target because that's what happened as before.

The accumulation phase can wear down your capital as the price will swing in both directions. Sometimes it is useful to add an indicator to help identify non-trending conditions. The average directional index (ADX) is a trend strength indicator, and the example in Figure 3 shows the price moving sideways. The ADX has been added to show trend strength. An ADX of less than 25 shows low trend strength, indicating non-trending conditions. The ADX rises above the 25 level when there is trend strength. :) :)

It will pull back as soon as those big-time investors will sell their BTC simultaneously and the price will drop again until they stop selling it maybe it will be down to less than $20,000. But as you can see right now, there was no sign of stopping the price to rise nowadays because those who are currently holding some big amount will not sell their BTC anytime soon. I think this is one of the sight we were hoping for when the price of BTC is no longer falling down instead, it gives those holders some good news every day.

If that were true then bitcoin price should have never surpassed $1 and remained around $0.01 forever!

We never see pullbacks, we see corrections or crashes.
Since there is no reason for a crash in a bull market while the adoption is growing fast, there can only be corrections and there has been at least 3 major corrections from $20k to $30k. Anybody expecting more doesn't understand how market works.

This will totally depends on the energy in the market at that price, if the energy is still bullish I see no reason why a pull back will occur. It my attempt to cross that milestone numerous times like what happened with the $20k price but when it does cross it'll continue the upward movement and next stop would be the $50k trading price.

It's advisable to just hold through the bull run instead of wanting to outsmart the market as the possibility of getting smashed is high. We just cross the previous all time of almost 3years just few days ago.

Any pullback happening has to be in few weeks or even months to come and not not immediately, investors both institutional and retail investors are still buying it bitcoin due to the fomo currently in the community.

Many liquidated shorts would love to know this answer for certain. It seems as though the price is headed to 50K because of the institutional interest from known sources such as Microstrategy and other well known investors that we've heard about. I factor in the unknown/silent movers that are driving this movement upwards because at this point 99% of "retail" investors are 100% priced out of the market.

You see some small pullback few days ago thats eaten really fast by traders waiting if you are scalping in btc you may left behind the btc price moves too fast you cant even follow what will be the next move everyone is bullish so I did expect any huge pullback from now yes it can be at 35k or 40k, no one knows.

Yes, that is happening a few days ago, and I guess that still happens until now. I am sure the bitcoin price will be at $35k or even hit $40k, and the chance to go to that price still wide open. We should wait for a while, and see what will happen later because if we check at the market, the price seems to need more supports to increase higher. I see that after the price increase to $34k, it will go down to $33k or $32k, so that can happens this week many times. But in the end, the bitcoin price will break $35k and will still increase higher.

I don't think we will be seeing any pullback while reaching $40K. But I think we could see some problem after reaching $50k.

I am not a person to call a 'trader' but I will admit I thought we would see a "correction" when the price of 1 Bitcoin was $30,000 but it seems I was wrong.  And it is Good to be wrong in this case.

So now it brings us to next big number of $40,000.  Since we passed right through $30,000 I have little reason not to think the same thing is going to happen. 

Then when we get to $50k Bitcoin I think a major correction will come into play.

Correction is needed for the bullish trend and pullback. Nothing is impossible in this market, just need to wait for the correct time. Maybe bitcoin will get a correction until weekend and pullback might be started afterwards. If this happens continuously, we can see a pullback of 40k asap.

Its going to be worth 3$ in the next 10 years heres a few reason why

Hackers, everyone claims to get fucked by hackers and then to boot the programs and the know how is ROBUST amongst bitcoin
When people have worn out there finger tips hacking bitcoin for a few weeks they start on another coin to no avail....

And as the time goes by the image stays with the fact that bitcoin can be hacked... And then lets stack on top of that the idea that if you click a wrong link or give out a X amount of information to any stand by who doesnt have what you have to say that nicely.. whether it be a foreign 3rd world country sharing the love or your next door neighbor bob who needs some extra spending money... its just more than annoyance and a issue at hand.. its scary to think that the sites surrounding BITCOIN RECOVERY are 110% scammers... If you have your own hard drive or anything else related to pulling back together a Bitcoin Owner and His/Her long lost private key... there is no reason for someone else to help you do that.. Otherwise jump off that thought and just realize there gone for now, its like a pension you never spent. As time goes by bitcoin will develop the fix for the issue at hand and you cant say they havent heard countless people cry there eyes out over what there missing out on today... But as time goes by theres no way they wont fix that issue... Too many problems have already arised and will continue to be the for front on why people hate bitcoin even its that dust they cant spend, there .008 they mined that was just under slush's threshold... Bitcoin will evolve into the perfect coin in the up and coming months/years...

They Will have a method to recover all those dormant accounts, Otherwise its not just me speaking when i say MAN this shit is stupid.. Who the fuck spent all that money and is just sitting back having a good day... Theres nothing that pulls together that fucked up lifestyle that bitcoin has brought upon someone just for purchasing and regardless misplacing the damn shit.. Then the thought of wow that went up in value, maybe one day ill actually get my "bitcoin" back.. which is worth like 40,000$.. And the people who have the ins and outs of the whole blockchain find that moment in there day where its not more than a pretyped message and something along the lines of "hey" ill help you out.. We can figure this out... Because since being with bitcoin since 2009, theres not a single person who isnt sitting there today whether they made out like a bandit and kept there private keys dormant in there office desk... Or the other person that cleaned up there room and in the midst of it all, went back to grab there investment that they loved so much just to say fuck when they realized it was gone...


People need to start looking at bitcoin more like, damn i just lost 40grand not man thank god that only cost me 1200$ in 2014...


This company is built upon a shit motto... HAS ANYONE EVER HEARD IN THERE ENTIRE LIFE .... HEY YOU WIN.... but you dont win if you throw that away..... Its interesting that other large cascious enterprises such as Wells Fargo, Bank of America, Or Visa will put you on the phone with not only a trained and professional representitive to get the issue not only sorted but taken care of approprietly at any given time of the day or year.... BUT THEN here comes these assholes and there bitcoin, with no time of the day to reply to your fucking message, no thought on spending more than a second reviewing what your trying to tell them, they have no legal phone number to contact them on when you try to access your accounts after X amount of time or however that goes for your phone call and let them know you and your lawyer are ready... They just push that shit aside they gone on with there merry fucking days....

BITCOIN is a bunch of College Girls tired of eating top ramen noodles every day and want that nice purse to be theres no matter what.. They dont care about the customer, due to the 100quadrillion accounts they have in motion with only 100,000 of them being used or actually funded..... they care about denying you the fact that you owned and still own what you own... They like to play head games and drop the ball everytime "Oh i need you to provide something rediculous and ill give you at best your wallet id which your never going to login into anyway because over the last 3 days with over 10,000 different hacking software and programs at the ready and there just getting better as the days go bye.. I know its hard to believe someone can hack your wallet or your password and its nothing more than fuck this shit for us THE CUSTOMERS in the end... But they sit back as a company and watch the hacking industry grow day by day as github and other partners of that shit provide and get stronger..... ALLL I can ever say is fuck BITCOINS REPRESENTITIVES... YOU WANT TO KNOW WHAT MESSAGE THEY HAVE FOR US.... YEAH ILL TAKE YOUR MONEY BUT YOU CANT HAVE MINE IF YOU DONT HOLD ONTO THIS LITTLE PIECE OF PAPER FOR AS LONG AS YOU KNOW ME....


THEY HAVE PERFECTED THE ART OF BULLSHIT WHILE INVENTING BITCOIN


RIP ANY AND EVERY BITCOINEER THAT HAS LOST THERE LIFES TO THIS SCANDAL AND CRIME THEY CALL A COMPANY.... IT IS THE WORST CUSTOMER SERVICE ON PLANET EARTH, THE MOST UNFRIENDLY LAZY STAFF IMAGINABLE... AND IN MY OPINION THEY NEED TO TAKE THAT TO HEART....


I CAN ONLY IMAGINE HOW MANY FAMILIES HAVE LOST LOVED ONES OVER THIS ADDICTION KNOWN AS BITCOIN AND YOU CANT SAY THEY DIDNT THINK OF THAT WHEN THEY MADE IT BACK IN 2008...


IT WAS A CAR CRASH WAITING TO HAPPEN AND FUCK THIS SHIT WHO DIDNT / DOESNT WANT TO GET RICH...




BUT MAN I CAN ALREADY SEE IT COMING, DONT TELL ME THEY HAVE NO RESPONSIBILITIES OVER THERE COMPANY AND ITS ACTIONS AS THE YEARS GO BY... LOTS OF DRAMA AND COMICAL CHARACTERS SURROUNDING THE STRONGHOLD OF BITCOIN...


ITS THE BERT AND BERNIE SHOW, HOLY SHIT DID YOU SEE WHAT THAT GUY DID HE HAS TONS OF MONEY FROM BITCOIN LETS ALL GET SURROUNDED INTO THAT THOUGHT AND FORGET ABOUT HOW THAT SHITS FUCKED UP AND HE DONT GIVE A SHIT ABOUT ANYONE ON THIS EARTH OTHER THAN HIS BITCOIN WALLET AND HIS FAVORITE BITCOIN ADVISOR....



IF I CAN SAY ONE THING ITS FUCK YOU BITCOIN, ITS NOT THAT WE LOST OUR MONEY OR LIFES BECAUSE BITCOIN CRASHED BUT ITS BECAUSE WE LOST OUR PRIVATE KEYS RIGHT....


INSTEAD OF OFF WITH YOUR HEAD THESE DAYS ITS



WHERE DID MY FUCKING PRIVATE KEY GO

AND DID THEY CHANGE MY FUCKING PASSWORD??

IT HAS TO BE THE PEOPLE WHO OWN THIS COMPANY THAT DID IT...



WE ALL NEED TO BAND TOGETHER AND DROP THIS SHITHOLE KNOWN AS BITCOIN BACK IN THE DUMPSTER IT CAME FROM BECAUSE ITS NOTHING BUT CRIMINALS.... IT STARTED ITS UPRISING WITH SILK ROAD BEING THE ONLY FUR TRADERS AROUND...

AND NOW AND DAYS THEY JUST WANT TO WATCH THE INSIGINIFICANT MOTHER FUCKERS WHO BOUGHT THERE SHIT DIE AND WITHER AWAY...


I NEVER HEARD OF SOMEONE BUYING SOMETHING AT A STORE AND HAVING 0% CHANCE OF SASTISFACTION IN A ARGUMENT..


BUT THATS THE BASIS OF BITCOIN EVERYDAY... ITS NOTHING MORE THAN A ARGUMENT AND A GOD FUCKING DAMNIT ITS WORTH ALOT TODAY... TO BAD I CANT GET INTO MINE...


WHAT KIND OF BULLSHIT PRODUCT LETS YOU SIT BACK IN THE DRIVER SEAT WITH NO GAS....


ALL I CAN SAY IS FUCK THIS SHIT.... SOUNDS LIKE A WAR IS BREWING IN THE NEAR FUTURE IN MY OPINION.....



AND FUCK YOUR COMPANY




REMEMBER TO EXPECT NOTHING EVEN IF YOU SPEND A MILLION DOLLARS AND YOU KNOW WHAT I MEAN

This is something we can't easily predict on. But if bitcoin easily goes up smoothly, then it may be possible. It continously goes up and surged another high record. We can't really tell if the pullback will gonna occur at $30k level or down more at $20k. Since new investors turn their eyes with bitcoin as it showed massive progress from december 2020 up to now. This seems to be an attraction to most of the firms and investors who really amazed with the price pump.

Definitely none knows if it's possible or not. Just like a few months ago when bitcoin was falling to 3800 none could even imagine to see bitcoin trading at current price. We should start tracking the fundamental news. In the current situation, fundamental side works much better than technical. But, generally, if everything goes well like this there is no reason to say bitcoin will the reach the 50K.

We are playing around above 30k price and next target point or resistance would be on 40k but for now we are still moving sideways and we would need further more bullish news to push the price way more higher.
When it comes to pullbacks then its a norm because we cant call it a market if it would go continue to rise up without any stopping  or price correction.Lets just wait on what would happen and
for us trader or investors then better to make out some analysis on where you should get in and when you should get out. Be wise for you to make profits and
dont try to miss out those opportunities.

It's almost a guarantee that IF bitcoin does breach $40k that there is going to be a major correction occurring around that level.

The market is bullish and FOMOing hard, but all bull markets transpire this way. There are going to be rallies and adjustments at every step of the way to wash out the weak hands and the overleveraged positions.

In fact, I'd even go as far as saying that it is likely $20k will get tested as support at some stage of this bull market, let alone a pullback at $40k. But I do expect it to hold up given that the fundamentals have strengthened in terms of a) greater institutional adoption and b) the prospect of an ETF approval very soon.

It's way too hard to analyse and follow the market now especially yesterday, we know Both technical and fundamental needed in decision making but the price moves too fast sometimes in a day or an hour without us realising it. I do just set my mind that when certain value achieved I will get some percentage to secure as profit then if ever pullback happen will use that to buy some. BTC is much relaxed now after seeing a new ATH and at it's point we can figure out what to do since many were still in profit or changed in ETH.

By my reckoning we need 31700 to regain and be confirmed for further action, that would be a proper recovery of this mornings sell.  So far its come back from a low but not properly gained since then more sideways which can also be a consolidation over time and so lead to later gains if it holds well enough.   The low price seen recently was the weekly average, until we close below that on a 4hr bar I dont see price action as properly bearish merely pullback or profit taking type action.

https://talkimg.com/images/2023/06/12/A1FC3.png

Stock to flow says pullback should happen long before then and last until at least early to mid February

Bitcoin hit the bottom line after hit the ath at $34,8k falling sharply 16% to hit $27.8k a few hours ago but recovers shortly.
The bulls managed to buy the dip and push it back towards $31k immediately, $30k to $35k price range is a new level for bitcoin to discover a new all-time high.
Not sure when it will reach $40k, probably within a few days or a few weeks, but bitcoin has to overcome the resistance at some point such as $32,2k, $33,1k, $34,6k – $34,8k, $36,k, and $38,k.

$40K is still an untested level and at such we can't really know what would happen at that price level. But if there's one thing I know for sure is that, there would be plenty short and sell orders waiting at that milestone price. The current bull run has seen the marketcap grow from around $143 Billion (March 2020) to $958 Billion which is the value of crypto market valuation at the time of writing this post. Using simple maths, we can see that the marketcap has grown by over 6 times while nearing $1Trillion in value.

Something we should all keep in mind is that, at some point; the market will have some corrections. There are people in so much profit for buying/longing - we should think about what's going to happen when the decide to take profits.

There might be a correction at $40k, or maybe not. A deep pullback I'd say is unlikely. Too much demand. Every pullback so far has just been a quick bear trap. There probably will be another one maybe a bit over $40k. I wouldn't be surprised if Bitcoin slices right through $40k but then pulls back after $42k or something like that. But again, it'll be quick. Also grayscale starts buying again in less than three weeks, so even if there is something more than a quick bear trap, it'll end as soon as Grayscale enters the game again.

I just had to un-ignore the Speculation section seeing as how bitcoin is going through the roof and I'm interested in hearing what people have to say about it.

A lot of people would argue that it's not just a saying but a law of both physics and finance--and I don't think I'd be able to argue against that successfully.  Bitcoin has shot up really far, really fast, and usually that means it's going to experience some kind of correction sooner or later. 

The thing that appears to be different between 2021 and 2017 is that the price is seemingly being buoyed by institutional investors with very deep pockets and not thousands of speculators who would tend to sell once they've made a decent profit.  I think companies like MicroStrategy and Grascale are in bitcoin for the long term and thus shouldn't be dumping large amounts of it onto the market and thereby initiating a correction or crash. 

We'll see though.  Most of my predictions about bitcoin have been wrong, so I'm not even going to try to make one here.  I'm just keeping my fingers crossed that the market can sustain it at around $34k or so for a while.

Yup that's the key. Instead of emotional FOMOing retail investors who just heard about bitcoin and bought it to get rich quick (and dump it as soon as they see their first correction) it's long term holding institutions that are eating up all the supply. Apparently east asian whales have been selling a lot of their bitcoin, which means whale supply is moving into long term institutional holds. And that trend will continue. Pretty soon there is going to be such an absurd supply shortage things are going to get real interesting. There will be corrections, but they won't last that long, cuz institutions aren't gonna leave the market for years like retail investors do, they're just gonna buy more at a discount when they get the chance, leaving fewer and fewer liquid coins on the market for the rest of the world. I have a feeling the next few years are going to blow every one away. John McAfee was just a few years too early in his prediction.

Too much speculation regarding which direction the Bitcoin price will move, everyone was quite shocked by the rise in Bitcoin price after crossing
the resistance price of $ 20,000. Nobody even thought Bitcoin could reach the price of $ 37,000 today. Therefore after the Bitcoin price has managed
to go up this far, many predict that Bitcoin will dump as soon as it reaches $ 40,000. Even though I don't believe it myself, in my opinion no one can
predict the price of Bitcoin.

So why not play safe by selling our Bitcoin if it's already profitable, but many people find it difficult to do this. Since most people have inner self, so
a lot of people are delaying taking profit nowadays. And preferring HODL Bitcoin today, there's nothing wrong with that. But because Bitcoin's price is volatile, the price can dump suddenly. Please  be careful.

Honestly, unless you need the money, the safe thing to do is keep what you have and buy more. Bitcoin will be worth more in the future. Selling is riskier than holding or buying.

People feel difficult because they become greedy when they see their profit grows, and they want another bigger profit by still holding their bitcoin. They forget about their target price to sell, and when the correction comes, and it drops too deep, they become panic, and instead of still holding their bitcoin, they sell the bitcoin fast. They don't remember that the correction is not staying at the market for a long time because, after the correction, the price will pull up to the higher price. It is okay if you want to hold your bitcoin, but you should remember your target sell price, so you don't regret lately to sell your bitcoin and make a profit.

Theres always speculators but that is a fair comment, problem is too many people 'invest' money they actually need in a few months time.    If they get caught out by a decline for the rest of year which is nothing impossible then they were wrong to speculate, that gamble has to have its own set of rules hence we can never really tell people what they should do as few present exactly the nature of the capital they have involved with crypto.
   After this massive run its inevitable some of the value now showing is hot money and it will be relying on the Dollar never recovering previous values even as recently as say July when Dollar declined.    A deep pullback without a rise elsewhere is not that likely and most commonly that would be the Dollar which is the largest source of financing on the planet pretty much.   Yen is another, QE for decades and Yen will always rise if you see a market with bearish action as the money returns home and neutralizes whatever loan was taken there.

Just like when bitcoin price first got to $34000, there was a correction and decrease to $30000 or a price that is slightly it, but after a day or two, the bullrun continues. At this present price of $35000, nobody can truly yet predict what could happen after bitcoin will get to $40000, but mostly like the bullrun will continue after correction (short time and mild bull back).

As expected, Bitcoin finally reached $40,000 milestone price and a new all time high and just moments after it touched that price level, there was a sharp drop to $37K. This drop took a lot of alts with it and there's been over $1.2B in longs liquidated so far. Like I said a day before, $40K price level was very much untested and there would be some resistance at that zone. I hope someone did profit from the drop (sell the top and join back to continue the ride). By the way, Congrats to everyone that held their BTC!

I got some profit overnight at $1262 and $38400, put buy orders at $1175 and $36400 and the dip hit both of them, sold the BTC again a few minutes after the buy was hit at $38800. Planned on taking some profit before $40k, the dip was just a pleasant surprise to add to those profits. Now I've got the cash from the BTC sell to buy back in lower at $33k/$35k if this turns into an actual correction, or if its just yet another quick bear trap that's cool I took the profits I had planned on with some extra on top! :)

It is hard to speculate though. Many fell for the bear trap but the way Bitcoin is moving isn't showing any sign for it.

We have peaked above 40k for the first time ever, but at this point it is not really looking like we are "breaking all time high price" , that was like when we broke over 19k, right now what is going on can't be called breaking over ATH each time, because we broke over ATH and we are simply just going up right now, and when we stop and not go any higher, that will be the new ATH.

There are waaaaaay too many people who get scared each time price goes down, and there is nothing you or I can do about them. I remember very clearly when price went from 34k to 27-28k levels, there were soooooo many people that got scared and panic sold their coins, we are now at 38.5k... So obviously bitcoin will not be something that will be going down like that each time we see a drop, maybe it will be a small one, or a bit bigger, but it really won't be a crash each time it goes down, it could very well be a correction.

There wasn't really a "deep" one, there was 40k and a small drop, then went back above 40k once again.

I have to say there is really no crash coming anytime soon, people have been waiting for a crash since 20k price and we haven't had that, why do people keep calling for a crash? Why do you want it to crash?

I get that some people missed the chance to buy early, but it has been going up for the past 6 months, isn't it a bit your fault that you kept calling for a crash instead of getting in and still missed out?

Instead of saying "I will buy after the crash", you could have just bought and you could have doubled after the all time high. Can you imagine how high we are right now? Not only we broke over the all time high, if you bought at all time high price you would have doubled your profit which is like under 4 months now if you look at it, it is like 2.5 months or so.

Well, we have to accept it but for now, we have to enjoy the market flow and let us prepare for the dump possible. Besides, we have several times been in the deep after a bullish trend. After 2017 Bullrun we suffered a long bearish season and I think, this time it was a big pull-up and those holders had been paid off.
Anyway, I was thinking the same a huge pull back when it reaches $30k, but as the resistance keep stronger, institutional investors keep buying, this helps a lot to make the market keep going high. But then, dumps can still be possible.

going down is inevitable. we cant always have an upward trend, along the way, we will experience the downward trend again. but no one can accurately tell such time period. what you can have are contingency plans on this market. you have to be smart about what's going on with your portfolio and the market.
i dont have idea what price will it go down, but definitely there will be pullback.

After price declines, let's observe the current and recent market changes if it would initiate another bounce. More pumps after corrections is expected to happen, but we must not be too confident once demand also decrease. Sometimes it made us frustrated when we don't see our asset gains faster, so we need more patience as corrections continue because that will put everything in good shape.

Most likely, I think the fomo is beginning to to die off as now everyone is most concerned about the corrections that's to come. Prior before now what was on everyone lips was how high the price of bitcoin was to go but as of recently what's trending is the likely corrections or dumps that's to happen and when to expect such market reaction. And from how the market is also reacting, we can see it's taking quite long for the market to break out the early price range of $40k.

If this is to continue for another week then most likely altcoins market are to pick up some momentum which funds are to be gotten form taking profit in bitcoin to fuel the altcoins season. This though is just my opinion and no financial advice therefore I don't encourage anyone to based their investment choices on what I have just said.