No Resistance From $30K-$40K?

[skyroamjanetismine]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

[exstasie]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

Nonsense. There is no known resistance between $30K and $40K because the market has never tested those levels. It's no man's land.

That doesn't mean supply won't flood in at any given price, whether that is $31K or $36.5K, causing a significant top and mid-term correction. It just makes it fundamentally difficult to predict when and where that will happen.

According to the round numbers theory, $40K would be the next predictable resistance after $30K. I'll give him that. But where the next unpredictable resistance lies......that is less straightforward and I suspect it lies somewhere between $30K and $40K.

[OcTradism]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

A price (price A) is only called as resistance if it is reached at least one time. After that, price will move up or down around that price and if the temp price is higher than price A, it is considered as support. If a temp price is lower than price A, it is considered as resistance.

There is no resistance higher than $29,300 that is the all time high of bitcoin 3 hours ago. Now, you can call the cap at $29,300 is a resistance.

[CryptopreneurBrainboss]

You need to stop listening to this self proclaim professional traders (youtubers), most of them have no knowledge about what they're saying but simply making video that'll interest more audiences so as to burst their revenue as a result of increased of their audiences (viewers). The hottest topic now in the industry is the potential next stop for bitcoin as it's quite certain we'll be reaching the $30k trading milestone anytime soon.

You'll begin to see different speculation pumping up, many without any TA backing but just some random dudes airing his opinion like the one you just watch. Never believe any of those and to avoid regret, resist the argue of visiting those platform to watch the video before they convince you into thinking they're making actual sense (correct predictions).

Just as OcTradism has highlighted, we can't be certain until we test those levels. Although imo there's no way their won't be a resistance form $30k to $40k.

[Reid]

Who? 
Psychological barrier huh? Well, that could also stop buyers from doing it.
I predicted last week that it won't go higher than $25k after 2020.
I was wrong. These guys analyzing Bitcoin price are also humans and they don't know how much the purchasing power is out there.
So I think we will just have to see but I doubt there will be no resistance at an expensive price.

[LimLims]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

The someone is might just assuming.
But we still can’t say anything. According to me BTC will start crashing after it reaches 30k USD and will constantly keep the value after then in between 20k to 22k.
But this is just mine’s estimation and prediction.
The real price the market and the traders will decide.
Let’s see what happens in the future and when will the price of Bitcoin rising will stop.

[passwordnow]

It's pure speculation just like what we're speculating. It could or not happen. That's all you need to remember when you hear someone say his insights about the market. I have no idea who that youtuber is but you can give us a hint of who that man is. What everyone is aiming now is to see it half of $100k and then it will go $100k. That seems to be high but that's another speculation just like what that man is saying in his video. Just think how much you're selling and buy at low and sell in high profits.

[bekti3]

I think there will be resistance even if the bitcoin price hits $ 40,000. there are resting points where the volume cannot bear the weight. Say the current price of bitcoin is $ 40,000, then there will be a drop of up to $35,000. Wouldn't that be a possibility to touch resistance? based on the period determined when doing the analysis technique.

[RapTarX]

I don't know who you are talking about but it seems he is right. Everythings depends on traders mind. If we check back, we exepcted to hit $30 f it once hit 25; which is going to be happened and after that; another FOMO will be created which will lead the price to higher and I guess after that we will see correction/bearish season for a long time again.

[so98nn]

[..]

Nonsense. There is no known resistance between $30K and $40K because the market has never tested those levels. It's no man's land.
[...]

First of all watching someone over youtube and believing them on financial stuff is bad idea. Market research is always indeed needed.

Resistance on the other hand completely depends on state of the bitcoin which includes it's price, market cap etc. Correctly mentioned by exstasie that it's no man's land since btc never reached that value. It would turn your prediction into speculation instinct which doesnt make sense at all.

People have hard time finding the resistance for the current known value, it's almost impossible to find it for futuristic value.

[teosanru]

I think most people don't know the concept of Pivot points. Supports and resistances are horizontal lines formulated on charts which are made by joining at least the previous two reversal points. This means there has to be some kind of trading in that area to create a pivot point in that area. Bitcoin never crossed 20K in the past which means we have no information about these points whatsoever. Any targets in such situations are taken on basis of other indicators and strategies like Elliot waves or something. The best we can have is the upward part of a trendline however the type of steep movement we have had recently I doubt even a trendline would be suffice to justify targets in such a situation.

[DarkDays]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

You're right! There is no barrier after 30K so if Bitcoin manages to break through the million selling orders that are now in its way to reach yet another ATH and push through 30K, then there is no reason why BTC won't continue to go further.

We just need that much more buying power, a few more pushes and we'll all be happy seeing BTC flourish to values +30K.

Come on, stop selling BTC when if you stay on you could get so much more...

[Twinkledoe]

I think most people don't know the concept of Pivot points. Supports and resistances are horizontal lines formulated on charts which are made by joining at least the previous two reversal points. This means there has to be some kind of trading in that area to create a pivot point in that area. Bitcoin never crossed 20K in the past which means we have no information about these points whatsoever. Any targets in such situations are taken on basis of other indicators and strategies like Elliot waves or something. The best we can have is the upward part of a trendline however the type of steep movement we have had recently I doubt even a trendline would be suffice to justify targets in such a situation.

Bitcoin market most of the time doesn't follow any kind of technical analysis applied to its chart. Sometimes, it has its own trend and will not follow any kind of formula or of that sort. We will only make some conclusion once the peak is over. But right now, let's enjoy the ride to 30k and beyond...

[Hippocrypto]

I think most people don't know the concept of Pivot points. Supports and resistances are horizontal lines formulated on charts which are made by joining at least the previous two reversal points. This means there has to be some kind of trading in that area to create a pivot point in that area. Bitcoin never crossed 20K in the past which means we have no information about these points whatsoever. Any targets in such situations are taken on basis of other indicators and strategies like Elliot waves or something. The best we can have is the upward part of a trendline however the type of steep movement we have had recently I doubt even a trendline would be suffice to justify targets in such a situation.

Bitcoin market most of the time doesn't follow any kind of technical analysis applied to its chart. Sometimes, it has its own trend and will not follow any kind of formula or of that sort. We will only make some conclusion once the peak is over. But right now, let's enjoy the ride to 30k and beyond...

Normally, when peak has been reached more more conclusive ideas will about to commence. We don't know what the future really brings but continue to enjoy every opportunity given by  btc. Analysis was only our reference by the time market saturates and when monitoring it's real time frequency.

[asriloni]

Are you still believing in him? Believe me, what he was saying about there's no resistance on 30k - 40k was BS. It's only for content and he didn't know about how the market will work. The resistances will be building by those who have bought at the lower level. It doesn't mean when someone was buying bitcoin and he will not keep it forever.
It will be a different story if there's a party how will be buying bunch of bitcoin for long term. I never watched any youtube videos that created by traders. That's pure only for content.

[Emerald688]

I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.

[zanezane]

You need to stop listening to this self proclaim professional traders (youtubers), most of them have no knowledge about what they're saying but simply making video that'll interest more audiences so as to burst their revenue as a result of increased of their audiences (viewers). The hottest topic now in the industry is the potential next stop for bitcoin as it's quite certain we'll be reaching the $30k trading milestone anytime soon.

What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience, have stopped binge watching them although some ideas about finances that I have learned came from these people. Does it even really matter if we hit the price? I mean it is a milestone but what is new when this happens, another celebration.

[maydna]

I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.

I think that could happen because I am sure that the bitcoin price will not just stop at the current price. But unfortunately, we will not know when that $100k will happen in the market because there are no right predictions. We can hope that it will happen in this year or next year, and we have much time to wait for that price. We should stay focus to make more bitcoin from now before the price jump to the high price, which can make us miss the chance to have more bitcoin.

[Jawhead999]

-snip-

What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience, have stopped binge watching them although some ideas about finances that I have learned came from these people. Does it even really matter if we hit the price? I mean it is a milestone but what is new when this happens, another celebration.

I understand there's nothing wrong to listen their speculation from those youtubers, financial advisors, self claimed professional trader etc. But if you really excited and trust them without search and learn more with your own perspective or speculations, you're really wrong. I've see so many members have this experience, they trust them more than his words.

Just like OP asking a resistance from $30K-$40K while the simple answer is not since Bitcoin not yet reach that price, this because he's trust the self claimed professional speculators.

IMO it's really matter since Bitcoin is still fairly new and many old-investors, financial institutions, and government didn't believe in Bitcoin, but Bitcoin can go better than they thought. Also if the price hit $30K it will possible to hit $35K and so on.

[Coin_trader]

I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.

I think that could happen because I am sure that the bitcoin price will not just stop at the current price. But unfortunately, we will not know when that $100k will happen in the market because there are no right predictions. We can hope that it will happen in this year or next year, and we have much time to wait for that price. We should stay focus to make more bitcoin from now before the price jump to the high price, which can make us miss the chance to have more bitcoin.

I don't know if the guy you quoted really understands what OP said about the YouTube video he watch. It says that there is no known resistance at 30K level and above so the price towards 40K and Above was easy to hit as per his statement.

But in my opinion. Resistance can form in any price level as of now since the current price and above is new territory for BTC so its impossible to see new strong resistance unless it was tested multiple times.

[Shasha80]

My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.

[fauzan123]

I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.

I think that could happen because I am sure that the bitcoin price will not just stop at the current price. But unfortunately, we will not know when that $100k will happen in the market because there are no right predictions. We can hope that it will happen in this year or next year, and we have much time to wait for that price. We should stay focus to make more bitcoin from now before the price jump to the high price, which can make us miss the chance to have more bitcoin.

I think it is too far to target the $ 100k mark this year, because bitcoin must be able to hit at least $ 40k first before it can be penetrated to go to the next price maybe between $ 50k- $ 60k, of course to get that also needs a positive boost.

Even though at the moment the bitcoin trend is still positive, I think there will be times when the price will experience a correction first in the end and then it will return to looking for new resistance, I myself only targeted $ 30k this January and it is not impossible to experience a correction.

[el kaka22]

My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.

This is exactly right, there is nothing wrong with not having resistance at higher levels because it doesn't mean that we are going to reach there and go higher very easily, it just means there is no need for it. We do not have any resistance at all above $100k as well, does that mean we are going above $100k very easily? Reach $100k and in a second be $200k as well? Of course not, because we just don't have any resistance there since we do not need it.

$30K of course got closer and closer, it is not like my example, but we still do not need a huge one because the price is going up like crazy so resistances are not building the way they used to, normally it took some time when bitcoin was steady but it hasn't been steady for a while so this is the reason why we do not have it right now, given enough time we are going to have one for sure.

[passwordnow]

It's pure speculation just like what we're speculating. It could or not happen. That's all you need to remember when you hear someone say his insights about the market. I have no idea who that youtuber is but you can give us a hint of who that man is. What everyone is aiming now is to see it half of $100k and then it will go $100k. That seems to be high but that's another speculation just like what that man is saying in his video. Just think how much you're selling and buy at low and sell in high profits.

I agree since Bitcoin didn't reach those price yet so for now it's all pure speculation and I don't think Bitcoin would reach $100k next year because that's way too far from reality yet. Bitcoin is barely breaking from its new ATH now so I don't think this world happen in 2021 not unless of course, if there's a big investors join in the market that would literally pump Bitcoin to $50k or more.

$100k looks high and unreal for some. But no one have thought that the end of 2020 will be like that. We've got a lot of big investors already since last year and that's why the market has been big too.
They are the institutional investors that keeps on buying bitcoin, they've done it for the whole year and they could still continue doing that at this year. They don't care about the price of bitcoin because they've learned about it being a scarce asset having a supply limit of 21 million. And we already have mined more than 18 millions so that's less 2.5 million bitcoins left to be mined.

[crzy]

My advice don't believe everything someone on YouTube says, most of youtubers now just spread lies to get viewers. I think that if the price of
Bitcoin goes up to any price there will always be resistance, so when the price of Bitcoin manages to reach the price of $ 30,000, the next one
will rise even higher. And definitely resistance and support is something that will always be there.

This is why you should also know how the market works so youtubers can’t fool you, and yes there’s always a resistance and that is something that we should be aware of. We can’t reach highest peak without experiencing the correction, we might not see some resistance today but I’m sure it will come in time.

[Akiko]

No resistance yet that's the right answer . People is not setting any orders above on that price since it's too early to set it there . that's why other traders see that Bitcoin doesn't have it there .you will only see it once we reach that high price and there is possibility that many will take profit once we reach 30k level or above that. Same scenario when we see price of BTC after breaking 20k level many traders though that it doesn't have it but it has.

[seleme]

There is no technical resistance but the psychological resistance will be hidden inside the order book. You can make your own analysis by checking the buy/sell walls and compare the situation with the previous resistance orders. Bears are not stupid to give up on the market, they will be there at the right time which is unknown now. The resistance points will be psychological and usually, these psychological points end with 0. $50k and $40k will be the key for the continuation of the uptrend, otherwise I will cancel the new investment plans until the next market recovery.

[create_crypto]

Resistance is being alive just if price already was on that levels, for example 20.000$, or levels like 9.500$ and 12.000$.

[Kemarit]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

Probably the better term is that there are no ceiling for Bitcoin.

But remember we can't go on parabolic rise, history already tell us, at some point we will have a correction. But it's going to be negligible as institutions and companies are still going to buy bitcoin no matter what the price because they are using it as hedge and not a speculative assets. So we should still expect some pull backs but then use it as a perfect opportunity to buy even just a few sats and then continue to HODL.

[kram31]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

There are so many people saying about what could it be like in terms price of the Bitcoin, most of these people only giving
their own speculation in accordance with their experienced and thoughts about the prediction value of Bitcoin.
However, when it comes to resistance, always remember that Bitcoin always volatile, so the psychology barrier is just an
insane thought in my own opinion.

[maydna]

~snip~

I don't know if the guy you quoted really understands what OP said about the YouTube video he watch. It says that there is no known resistance at 30K level and above so the price towards 40K and Above was easy to hit as per his statement.

But in my opinion. Resistance can form in any price level as of now since the current price and above is new territory for BTC so its impossible to see new strong resistance unless it was tested multiple times.

I guess so. But that will not be a problem for us. I agree with what you say that the resistance can form at any price level, and yes, bitcoin needs to test it multiple times. But we will see a new sign from the price, especially if we can analyze deeper using more indicators to find out what will happen next. Even that can't be the right prediction, at least, we can get something from the indicator.

~snip~

I think it is too far to target the $ 100k mark this year, because bitcoin must be able to hit at least $ 40k first before it can be penetrated to go to the next price maybe between $ 50k- $ 60k, of course to get that also needs a positive boost.

Even though at the moment the bitcoin trend is still positive, I think there will be times when the price will experience a correction first in the end and then it will return to looking for new resistance, I myself only targeted $ 30k this January and it is not impossible to experience a correction.

But it could happen to reach $100k this year, especially if the mass adoption can grow fast. Perhaps, bitcoin needs to start a small rally to break $30k to attract more investors to invest their money in bitcoin. If that can happen, perhaps, that can boost the price to have a strong buying trend in the investor.

The correction will come eventually, and I think every time the price is down, that means the correction coming. And although the price is not going down too deep, that can be how bitcoin prices increase higher after the correction.

[thecodebear]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

Nonsense. There is no known resistance between $30K and $40K because the market has never tested those levels. It's no man's land.

That doesn't mean supply won't flood in at any given price, whether that is $31K or $36.5K, causing a significant top and mid-term correction. It just makes it fundamentally difficult to predict when and where that will happen.

According to the round numbers theory, $40K would be the next predictable resistance after $30K. I'll give him that. But where the next unpredictable resistance lies......that is less straightforward and I suspect it lies somewhere between $30K and $40K.

Yeah exactly. We just have no idea where resistance might occur. Obviously $40k would be the next big psychological number level of resistance, but that there could be plenty of resistance in various places between $30k and $40k, we just don't know until it happens because these prices have never been touched before.

Look at the $20,000s, it was half a month ago when Bitcoin passed $20k for the first time and now it's within $200 of $30k! There was no resistance for a 50% gain above the 3 year old ATH! But nobody knew that going in - a lot of people predicted resistance would be hit in the $22k-$25k area after the initial euphoria of breaking $20k wore off a couple thousand dollars above that, which turned out to be totally wrong. Bitcoin is in price discovery mode right now, and until we actually get a correction we have no idea where the next strong resistance will lie.

[thecodebear]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

Probably the better term is that there are no ceiling for Bitcoin.

But remember we can't go on parabolic rise, history already tell us, at some point we will have a correction. But it's going to be negligible as institutions and companies are still going to buy bitcoin no matter what the price because they are using it as hedge and not a speculative assets. So we should still expect some pull backs but then use it as a perfect opportunity to buy even just a few sats and then continue to HODL.

Totally agree.

Corrections will happen at some point, but institutions are gonna keep buying so pullbacks will probably be more shallow and shorter for the most part than we are used to expecting during a rapid appreciation like this. I mean, to me, looking at the chart it looks like its screaming for a correction back to $19k/$20k (the last main level of resistance that Bitcoin passed through), but knowing hundreds of millions of dollars are being bought up long term by institutions every single week (and all crypto traders know this so it affects the psychology of those that would be selling) makes it seem pretty unlikely to get this kind of correction we would normally expect. If we don't get a solid correction this winter I could at least see it going sideways for a bit at some point with a few bear traps like it did at $19k for a month before pushing through. I could definitely see a month of sideways action happening at some point before it hits $40k.

[Maslate]

$30,000 already achieved, the show still continue and it might reach $40k soon. This is crazy, bitcoin is really making people amaze with what is happening now, this new ATH is bigger, a possible x2 of the last ATH which was close to $20,000... Keep holding everyone, this is the time that we all have been waiting for, it has already come so let's enjoy it.

[kapalmabur]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

[dimonstration]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

We should keep monitoring, the price been rising way too fast and high and we don't see any point of stopping yet in increasing in it's price but we should be ready when movement changed, I don't know yet when to sell but will definitely be actively monitoring it since it may reach more ATH anytime soon.

[TheGreatPython]

Corrections will happen at some point, but institutions are gonna keep buying so pullbacks will probably be more shallow and shorter for the most part than we are used to expecting during a rapid appreciation like this. I mean, to me, looking at the chart it looks like its screaming for a correction back to $19k/$20k (the last main level of resistance that Bitcoin passed through), but knowing hundreds of millions of dollars are being bought up long term by institutions every single week (and all crypto traders know this so it affects the psychology of those that would be selling) makes it seem pretty unlikely to get this kind of correction we would normally expect. If we don't get a solid correction this winter I could at least see it going sideways for a bit at some point with a few bear traps like it did at $19k for a month before pushing through. I could definitely see a month of sideways action happening at some point before it hits $40k.

At around 19.6k we have a decent support, that was also one of the biggeest walls to break as well which turned into a support wall I suppose, so I do not think it will go lower than that in a regular downward movement.

However you have to learn to live without any support or resistance lines, we have to see that when bitcoin was going up, it had a million resistance points that had to be hard to break and it broke them all at the same time, and broke the next one a week later, and broke another one in another day, it just kept going breaking more and more. You think there were no resistance between 9k to 29k?

There were countless of them, most specifically 20k barrier which looked impossible to break, we broke all over them. When bitcoin decides to move to one direction, it just makes a move to one direction and there is nothing that could stop it.

[gabbie2010]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

We should keep monitoring, the price been rising way too fast and high and we don't see any point of stopping yet in increasing in it's price but we should be ready when movement changed, I don't know yet when to sell but will definitely be actively monitoring it since it may reach more ATH anytime soon.

The price is now unstoppable now it is above $31K no any resistance at sight no TA to prove where the correction or pull back will likely commence, all we need to do as you rightly said is to keep monitoring the price and watch on psychological resistance at $32K, $33K e.t.c as the only reversal zones, for now the price is likely heading to $40k thanks to unavailability of any strong resistance.

[stomachgrowls]

After the breakout at $ 28200, the price of Bitcoin reached a new all time high at $ 31500k,
if you look at the chart there is no resistance for this week, all will be seen when Bitcoin price closes the weekly candle,
hopefully $ 40k can be reached!

We should keep monitoring, the price been rising way too fast and high and we don't see any point of stopping yet in increasing in it's price but we should be ready when movement changed, I don't know yet when to sell but will definitely be actively monitoring it since it may reach more ATH anytime soon.

The price is now unstoppable now it is above $31K no any resistance at sight no TA to prove where the correction or pull back will likely commence, all we need to do as you rightly said is to keep monitoring the price and watch on psychological resistance at $32K, $33K e.t.c as the only reversal zones, for now the price is likely heading to $40k thanks to unavailability of any strong resistance.

I thought there was some strong resistance on 30k but it had just been easily break down and past up on the current run. Price at this moment is already 32k at preev.com.

Basing off on technicals there are indeed no strong resistances further on which does indicate that price might be shooting up even more and might reach 40k in no time but of course
we should always mind on the correction.

I thought that 29k is already on the peak and Bitcoin market prove it wrong once again.I had missed on accumulating cheap but well we missed it out and not able
to buy when it was on 28-29.Im waiting for 30k price pullback for short term price action.

[boltz]

Looks like a slow resistance is getting build around 37k$ but I honestly doubt that it can handle more than 2 days as the current run of Bitcoin is absolute amazing as only a few of us really anticipated something like this.

If no resistance is getting build after 40k$ , then Bitcoin will simply skyrocket to 50k$.

[tokeweed]

^  This run currently feels like 2013 when it went from 100 USD to 1000 USD than 2017's run imo.  There are lots of people who are at the wrong side or outside of it.  Including me.  Fml.  

[snipie]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

I cannot believe what I am seeing right now, I left the price hovering around $29k yesterday to find it $31k before few hours and almost $33k now!! Wake me up please or wait don't wake me, lemme enjoy the moment

[STT]

According to the round numbers theory, $40K would be the next predictable resistance after $30K.

Whoah there   I reckon we got to qualify 30k still as we pass on a weekend not all market participants are involved yet and yea theres nothing to push back here except the gradual drip of sales from actual long term holders.   People have bills and circumstances especially this last year which means they have a use for dollars (or those services, taxes demanding usd) exchanged for BTC so that will happen and then of course we have the new buyers but also people more likely to sell near term as well.     Weakness in pricing wont be apparent till we test it , so in a froth situation it'll keep expanding till heat simmers down some.

It could goto 50k for all I know, people did speak big of possible gains for this wider time frame of say 3 years or so.   I dont disagree but I dont see why it should occur so simply all at once and in one direction.   Just a basic recollection of 2017 was that it involved horrible sell offs, I dont see how we removed that process its there still I reckon.

https://www.investopedia.com/articles/trading/05/playinggaps.asp

[Akiko]

^  This run currently feels like 2013 when it went from 100 USD to 1000 USD than 2017's run imo.  There are lots of people who are at the wrong side or outside of it.  Including me.  Fml.  

For me it is the same as 2016 when there is also halving happen in that year the market waking up and being crazy for the whole year and continued to do so in the following year which is 2017 its a mirror of what we see right now in bit coin price movement .if you go back to that time you will see the last price of btc after breaking its ATH which is that time is only 1k$. It is also possible that we can see a whole year bull market with slightly correction. That correction will help to always test the new resistance.

[magneto]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

Complete baloney without any analysis.

People are FOMOing right now for no apparent reason. These % gains are simply too good to be true to remain. I suspect that a ton of people are currently levered up and a long squeeze could occur if there was to be a correction incoming.

These bull markets simply don't exhaust themselves in one go. They do so in phases, bit by bit.

I'd say expect a major adjustment as opposed to an uninterrupted runup to $40k over the next month or so.

[Fredomago]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

The Strongest Barricade is the 25,000$ in which we can see How hard that bitcoin made it passed, for how many attempt Failure comes but Finally We made it.

And 25,000 to 30k is Just a Peanut even the 30,33k reached just for 1 day.

actually even the 40-50k seems there is no Hard resistance so The opportunity of taking this in 2021 is there.

[JimboToronto]

First of all watching someone over youtube and believing them on financial stuff is bad idea. Market research is always indeed needed.

Amen.

Youtube is for morons, by morons. Its only value is comedy.

Ignore anything you see on Youtube. It's almost as bad as TV.
_____

As we saw today there was lots of resistance between $30k and $40k, enough to drop the price by $3k at one point.

[adaseb]

People on youtube will say anything or do anything to get views. I remember back in 2017, there were these kids who had a car channel. It was called JR garage or something. Then when Crypto went big they decided to start shilling alt-coins they knew nothing about. You could tell how they described the alt-coins that they read some post somewhere on twitter and just started to promote it because it went up big time.

I think they made crazy gains on some coin called Pacman Coin and the rest were all loses or small gains, but most of their gains was probably from all the views they got from youtube. And reading the comments you can tell they got tons of people to invest in all these coins which ended up going 99% and people lost their entire savings.

Hence never go to youtube for investment advice.

[Timelord2067]

People are FOMOing right now for no apparent reason.

THE Rockefeller is reputed to have said just prior to the Stock Market Crash of 1929 that if your shoe shine person is giving you stock market tips, then that's the time to cash in before the crash occurrs.

[CryptopreneurBrainboss]

...

What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience,

They could be better than the youtubers but though this days the likely advice you'll get from your financial advisor is that bitcoin is a speculative investment and a very volatile assets which means it's not advisable to invest in. The financial advisers are still enthusiast of the traditional investment options like buying a stock or investing in real estate therefore neither of the two should be rely on when investing in bitcoin is concerned though.

The youtubers give the advice they know will attract viewers while financial adviser try to play it safe by give average investment advice that'll involves lesser risk forgetting that higher the risk, higher the reward.

Best you can do for yourself is to research more and make decisions you choose for yourself, that's when to invest or when to sell. In regards to the no resistance discussion, bitcoin is on quite a ride, let keep watching.

[FIFA worldcup]

...

What OP should listen to more are financial advisors that will put your best interest as a client in the first place. Gotta agree about these Youtuber, they might look sincere but all they want is your views as an audience,

They could be better than the youtubers but though this days the likely advice you'll get from your financial advisor is that bitcoin is a speculative investment and a very volatile assets which means it's not advisable to invest in. The financial advisers are still enthusiast of the traditional investment options like buying a stock or investing in real estate therefore neither of the two should be rely on when investing in bitcoin is concerned though.

The youtubers give the advice they know will attract viewers while financial adviser try to play it safe by give average investment advice that'll involves lesser risk forgetting that higher the risk, higher the reward.

Best you can do for yourself is to research more and make decisions you choose for yourself, that's when to invest or when to sell. In regards to the no resistance discussion, bitcoin is on quite a ride, let keep watching.

There days we do not find many financial advisors who know how the crypto works. If you ask advice from them, they may able to guide you about fiat currency but they don't know the potential of bitcoins. Unlike the fiat currecnies, bitcoin can pump or dump more than expected.
Once bitcoin crossed 30,000$ (resistance level) the next resistance is at 39,000$ and this data is extracted from fibonacci retracement.

[jrrsparkles]

The price is swinging around 34000 to 35500 for a while now, it seems like either we will see a correction or sky rocket to 40,000+ in the next few days. Lot of social media influencers are awake now to manipulate the market along with scam google ads so better not to trust anyone's advice if you want to save your money.

[plr]

If no resistance is getting build after 40k$ , then Bitcoin will simply skyrocket to 50k$.

I have not imagine it can happen this early Bitcoin soon to be $40 k and we are just in a first quarter of the year if things continue like this we can reach $50k to $80k I don't rule out correction or dip but we'll never go back to $15k anymore the momentum is just to high for Bitcoin to crash, now every satoshi is important now.

[error08]

We have seen the resistance at $35k, but someone said; any resistance is simply futile. and many people expect bitcoin to reach $40k within a week by assessing the achievement of bitcoin in the last few weeks. The market indicates a strong buy movement and could potentially reach $36k because bitcoin is getting so much publicity in the mainstream and social media cause fomo among people. However, we don't know the limit yet, when the correction will start to form, but be prepared.

[testerx]

^  This run currently feels like 2013 when it went from 100 USD to 1000 USD than 2017's run imo.  There are lots of people who are at the wrong side or outside of it.  Including me.  Fml.  

Ain't too late to FOMO hard and switch sides

[inanilujimi]

believe in yourself what to do instead of trusting others.
nowadays so many people suddenly become bitcoin experts, even people who are new to them can say whatever they want to say, it doesn't mean that we just take it for granted, don't get carried away with rudimentary fomo.

[LUCKMCFLY]

What happens is that they are new highs, any price or price range has a psychological value, what must be taken into account is the volume, the volume gives almost all the information, however, since $ 30k is highly possible to be reached Right now, this 2021 has been all good so far, it is a matter of waiting to see how everything develops.

[bryant.coleman]

After the 20K level was breached, there was hardly any resistance. Bitcoin went from $20,000 to $34,000 in less than a month. Even during the last 24-hours, the prices are up by $2,000 or so. I am not sure when we will experience the next major resistance level. But going by the current trend, I am not expecting it before $50,000. Those who purchased at around $20,000 may be targeting to do some profit booking at either $40,000 or at $50,000.

[Smitty Werben Man Jensen]

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

[Pamadar]

believe in yourself what to do instead of trusting others.
nowadays so many people suddenly become bitcoin experts, even people who are new to them can say whatever they want to say, it doesn't mean that we just take it for granted, don't get carried away with rudimentary fomo.

It's better to assess by doing your own research.

There's no one knows what will the exact progress that might take, knowing the nature of bitcoin and the crypto market, But if you have good knowledge about the whole setup, placing your investment is much easier, you can entrust everything on your own and succeed to
your goals.

[jaberwock]

We have seen the resistance at $35k, but someone said; any resistance is simply futile. and many people expect bitcoin to reach $40k within a week by assessing the achievement of bitcoin in the last few weeks. The market indicates a strong buy movement and could potentially reach $36k because bitcoin is getting so much publicity in the mainstream and social media cause fomo among people. However, we don't know the limit yet, when the correction will start to form, but be prepared.

Exactly right, there are definitely resistances, but we have reached to 35k (almost) and that really shows how resistance is definitely something nobody cares about. If we were to explain why it is totally useless, we could use two examples that will explain better than anything else. By the start of April we were nearly at 6k price, in just under 1 year, we have broke over 34k, and most of that came within the last 4 months or so, which shows that we don't care about resistance points, I mean from 10k to 35k, don't you think there were resistances?

There were plenty of them, but we still broke over them. For the other side you could use 2018, we peaked at 20k, and we had support in all places, but by November 2018 we reached to 3.5k price, we broke under all of that support lines. So, as we can see supports and resistances are totally useless.

[Oasisman]

The price is swinging around 34000 to 35500 for a while now, it seems like either we will see a correction or sky rocket to 40,000+ in the next few days. Lot of social media influencers are awake now to manipulate the market along with scam google ads so better not to trust anyone's advice if you want to save your money.

The market has slightly fallen and now at 33200$ from the high of 34700$. This is going to happen as sudden surge is not good and we can expect this at regular intervals which may fall few thousand dollars in quick time. It is getting little risky as price rose quickly, but for speculator this is a good market as one those who make money and exit will be lucky here.

The market is indeed a little scary to see as it rises rapidly. Though slight pull back seems normal for every bullrun btc makes. But the market seems moving this way since the last time we saw the market suffering from a bearish run.
It could also be a huge risk selling this early when Btc doesn't seem to be stopping the surge at certain point. Instead it slowly crawling back to where it was situated at the highest.
Anyway, selling at this current price will surely benefits to those who has been hodling since 2017.

[bryant.coleman]

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

Looking at the orderbooks of a few exchanges, I couldn't notice any major resistance level at $34,600. Just because there was a lack of demand at that point, we can't assume that there is a major resistance level. IMO, the next major resistance won't come before $40,000. Those who purchased their coins at sub-$20,000 prices would be willing to book profits at that level.

[Furious 7]

What happens is that they are new highs, any price or price range has a psychological value, what must be taken into account is the volume, the volume gives almost all the information, however, since $ 30k is highly possible to be reached Right now, this 2021 has been all good so far, it is a matter of waiting to see how everything develops.

Demand for increased volume will definitely be high and we can see how this will happen. Maybe a little analysis is being done, above $ 30k could give a lot of room for further development. Maybe it will continue to jump $ 50k in the middle of Q2.
We will therefore see the outcome whether this becomes a more stable one will not see the meaning of FUD as I am sure someone will definitely try to do this to want to buy cheaper.
In essence, we don't need to panic, but we have to be alert when it's high so what we need to pay attention to is movement.

[lepbagong]

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

yes, usually at the beginning of the year bitcoin will always make corrections and that is a natural thing, but we hope that this year's correction will not be the same when in 2018 the correction actually dropped drastically.
because the halving process that occurred this year has not yet occurred, so there will be renewable ATH this year. so keep holding or buying bitcoin if when the correction occurs it is the right thing.

[Raflesia]

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

yes, usually at the beginning of the year bitcoin will always make corrections and that is a natural thing, but we hope that this year's correction will not be the same when in 2018 the correction actually dropped drastically.
because the halving process that occurred this year has not yet occurred, so there will be renewable ATH this year. so keep holding or buying bitcoin if when the correction occurs it is the right thing.

We'll see if the correction is now right to buy?
But I saw that bitcoin had decreased a little by 28k and now it's back to 31k so it's quite clear there is still an opportunity that we can use to buy a correction, now it is more fitting and won't drop drastically after bouncing high, like bad things in 2018 won't be repeated Again, seeing this pretty good and significant one of us will continue to try to hold on even longer.

[KTChampions]

Despite the fact that we have experienced such a severe setback, this statement seems to be true. Now the price is walking very easily and may well quickly reach 40k - no one will be surprised. Perhaps this is due to the fact that serious players are now resting because of the holidays and the market is very "thin" (however, I have not checked the trading volumes to confirm this).

[posi]

Despite the fact that we have experienced such a severe setback, this statement seems to be true. Now the price is walking very easily and may well quickly reach 40k - no one will be surprised.

First, I am not a fan of the so called professional market analysis on Youtube which purpose was to direct traffic to their podcasts.
With that been said, if you study the market after $30K was achieved you'll see that $33,700 seems to be the current market resistance level and what the prediction stated is that there will be no resistance from $30K-$40K.

Perhaps this is due to the fact that serious players are now resting because of the holidays and the market is very "thin" (however, I have not checked the trading volumes to confirm this).

The serious players are not resting for holidays and no crypto enthusiast wont check the market to manage his portfolio the reason for the thin supply is because the institutions are the major investors this days and the right thing the serious player can do is to halt till the moment is right.

[Baofeng]

Despite the fact that we have experienced such a severe setback, this statement seems to be true. Now the price is walking very easily and may well quickly reach 40k - no one will be surprised. Perhaps this is due to the fact that serious players are now resting because of the holidays and the market is very "thin" (however, I have not checked the trading volumes to confirm this).

Yes, but in the last 12 hours or so, we have seen some minor pullback, saw the price goes as low as $29k, but then again, bounce back to $31k, so still despite some correction, investors are still into it and continue to buy no matter what the price its.

Currently $35k could be the big barrier, but I think it will not offer any resistance and we could possibly move to $40k at the end of the mind. Bulls can't be stop at this point.

[jostorres]

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

yes, usually at the beginning of the year bitcoin will always make corrections and that is a natural thing, but we hope that this year's correction will not be the same when in 2018 the correction actually dropped drastically.
because the halving process that occurred this year has not yet occurred, so there will be renewable ATH this year. so keep holding or buying bitcoin if when the correction occurs it is the right thing.

It is not the same, it is already not the same, first of all that was 20k and the drop didn't happened in a day, it took a while, and it could easily go down to 8k or so which is about 60% drop if I am not wrong, which is a HUGE drop, and even with that we were at 8k. Same happens here and we are over 15k right now, and that is not really that bad, I think even on lowest we would get to 10k instead of 3k, which isn't really that bad for many people considering we were under that price just a few months ago, like September started with that, so not that many people bought over 10k price, only the people on the last 4 months or so.

Secondly, just because one thing happened once, doesn't mean that after every single increase, we are going to follow that with 80%+ drop, sure that happened once but doesn't mean it will happen every time neither.

[Becky666]

I really don't believe the person who made the video on YouTube. me and others and many people say, that bitcoin can reach $ 100k. especially nowadays many people want to buy it and store it for a long time. my advice, just ignore the video maker, I believe the goal is to make videos for content.

Mate, most of these self proclaimed professionals aren't worth listening to, because they are just some sort of junks in my honest opinion, i hate to listen to those that called themselves professional traders, how do you know what will happen with a price that hasn't be achieved before?, claiming that there won't be a resistance is just another bullshit, let wait becasue the end will definitely tell either there won't or will be a resistance. 

[Maslate]

in my opinion no resistance is very dangerous for traders, because there is no readable chart, only the time to sell must be done, if it is too late then that is the risk, so if trading at prices that reach new ath, the thing to do is sell at the right time, $ 34k has been reached and it is new resistance this year.

$40k has reached.

https://cointelegraph.com/news/altcoins-and-stocks-move-higher-after-bitcoin-price-rally-to-40-000

So what's the next resistance? Do we still doubt what bitcoin is capable of, soon we might see $50,000 and more bullish sentiments are coming, before the market will crashed due to panic.

[adaseb]

Basically if you look at Google trends, "Bitcoin" is up almost 65% from the previous peak in 2017. So there is definately retail interest coming in. There was someone on CNBC talking about how bitcoin won't go to $50K, or $100K or $250K but it will go to $1,000,000.

There is also Logan Paul who is that popular Youtube celebrity millionaire and apparently he is contacting some high crypto individuals on Twitter and either wants to get in, promote it or get some interview about Bitcoin.

So the hype we were waiting for 3 years... is here. Question is when will this bubble pop?

[pixie85]

resistance has just been made at $ 34600, and this will be the strongest resistance this week,
if it breaks then bitcoin will go down to $ 40k easily, so this is an opportunity for us to buy bitcoin on correction.

A short selloff that gets bought up in a few hours is not a resistance.

A resistance is usually understood as a level that does not get breached twice.
If people sell at a level because they had their orders set that way, but the trend remains strong it's not yet a resistance. Just a random sell point.

For some people a level that holds a price for a day can be a resistance but is it really?

[OgNasty]

Hard to call a true resistance point as we’re breaking new all time highs. You can’t be sure what you’re looking at is real and accurately reflected across exchanges. We are on the moonshot and the only thing that will stop us is running out of fuel. The sky’s the limit.

[Kemarit]

Hard to call a true resistance point as we’re breaking new all time highs. You can’t be sure what you’re looking at is real and accurately reflected across exchanges. We are on the moonshot and the only thing that will stop us is running out of fuel. The sky’s the limit.

True, when the price goes from $33,000 down to $29,000, others call it the resistance, but wait, in less than 24 hours, it goes back to $33,000 again and now touching another all time high of above $40,000. At this point we can't really gauge what is the true resistance as the price keeps going up and there are no ceiling at this point. Maybe next week, $50,000 will be breach setting another all time high.

[btc78]

I was watching someone on youtube. What I got was that if BTC hits $30K , there should be no resistance (I assume this means less resistance that previously) to get to $40K.

What do you think?

He was sighting how $30K is a psychology barrier. You guys probably know who I'm talking about it.

It seems that the claims are true because Bitcoin easily Break the 30,000 while Harden when crossing the 25k and then again at 40k when this was broken easily hours ago while falls again today.

the question now is that How can Bitcoin cross the 50,000 , and when this would be possible .

Many are longing for this value to stay further if not forever but we also Knew that nothing is permanent in Volatile Market like crypto.

[exstasie]

Will $50K serve as real resistance, being such a big psychological number?

Interestingly, the extension from the 2017 ATH to $50K is roughly equal (in % terms) to the extension from the 2013 ATH to $3,000. And if you'll remember, we had a whopper of a correction (41%) off $3K back then. Will history repeat itself?

So the hype we were waiting for 3 years... is here. Question is when will this bubble pop?

Not anytime soon. In 2017 terms, it's only April or May. Things haven't even gone parabolic yet!

[Maslate]

After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.

I think I'm betting now that it will not continue to rise to $50k, who agrees with me? The bull run is just so huge, I can't believe we will be at $50k soon without experiencing some correction, I believe it's necessary to have it before we start it again.

[milkshock100]

After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.

I think I'm betting now that it will not continue to rise to $50k, who agrees with me? The bull run is just so huge, I can't believe we will be at $50k soon without experiencing some correction, I believe it's necessary to have it before we start it again.

i dont think you will find many who agree with you actually.

[Timelord2067]

We're already zeroing in on $42,000 so how high should be replaced with how much higher will we go?

I'd be interested to hear from anyone who is wondering if the climb in price is being filed by sellers simply removing their lower asks with ever higher prices? Or, sellers are just withdrawing their Bitcoins from the open market altogether? (Supply dries up, demand goes higher)

[buwaytress]

Gotta say there really has been no resistance. I always felt like the only zone without it was 10-12k, but now it's like there's really not much in between 20-40k. Every pullback's been met with a solid bounce, that only serves to push momentum for a higher ATH.

It's still crazy to think of $100k this year, though, right?

[Timelord2067]

It's still crazy to think of $100k this year, though, right?

We *could* be at $50,000 at the end of January, so anything is conceivable by the end of the year. (Bitcoin went UP $2,000 when the US Capital Building was stormed, so *anything's possible* concerning the price of Crypto)

[blckhawk]

After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.

I think I'm betting now that it will not continue to rise to $50k, who agrees with me? The bull run is just so huge, I can't believe we will be at $50k soon without experiencing some correction, I believe it's necessary to have it before we start it again.

Who knows but looking on the movement it's more likely we're heading on it right now. Yes, there could be some resistance but my bet is it will bounce back creating a new ATH at $50k. Not sure though when perhaps, before this month ends but looking at it now it could happen any day, with this rapid increase it is plausible. Besides, everyone still keeps pushing it so we might even see more than that so. I having thought that there will be big resistance will happen after reaching $50k.

[PhoenixZephyrus]

Well, seems that it has hit $40K super fast after crossing $30K. I think it crossed $40K within 24 hours of crossing $35K infact. This just seems way too volatile and I expect there to be a correction too, maybe in the next 14-15 days? I would say it should go back down to $35K-ish before rising again. That seems reasonable

[thecodebear]

It's still crazy to think of $100k this year, though, right?

$100k has never been crazy. Most of us have expected $100k this year even before institutions started jumping on board the past few months. Now it just looks like $100k could be passed much earlier in the year.

Previously my target for the year had been $100k, now I'm thinking $150k-$200k is possible this year.

It's gone from $29k to $42k in not even 8 days to start the year. I expect at least one solid correction this winter/spring, but after that $100k is totally in play by Summer.

[sayaya17]

We are just ordinary people like the people on youtube and anyone may predict a certain price for bitcoin, but in the end it is the market that
determines everything. Because the price of bitcoin depends on the supply and demand.
Now $40k is within reach and bitcoin is always scoring new ATH again. Crossing  from $30k to  $40k is quick in range,  but that’s  bitcoin and
crypto’s very volatile value.

[KTChampions]

After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.

I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).

[Oilacris]

After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.

I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).

When it comes to pullbacks then even -15% would be just only on the typical side but when these events do happen then masses do start out to panic.

We cant really remove on someones mind on what happened in 2017.Those situations and events would really forever be embedded into our mind thats why i cant really blame
out people on making those presumptions neither positive or negatively on the price.

In talks about resistances in 30k and 40k then it seems it was right because we had broke these levels without any effort.

[Jating]

After Hitting 40K we are seeing another correction in the market which seems healthier than long peak after a sudden surge because huge dump in percentage will leads to panic selling which may trigger the early bear trend as well.

I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).

Exactly, I don't know if we can call this retracement, just a minor pullback and then grow in the next 24-48 hours. The highest pullback we witnessed is just around 5% if I'm not mistaken, but then another growth spurt have been seen.

If we are going to compare this to 2017, I would say March-April growth, after Japan accepting bitcoin as legal tender. We witnessed a growth that time. So we are not yet in a bubble, might take the whole year or even 2022 to really see what the top price is going to be.

[buwaytress]

We *could* be at $50,000 at the end of January, so anything is conceivable by the end of the year. (Bitcoin went UP $2,000 when the US Capital Building was stormed, so *anything's possible* concerning the price of Crypto)

It does appear as if the stock correlation still an important clue. But possibly because yes, more capital to pour into markets, but all investors seeing worthwhile risks in new markets like Bitcoin. Bad news is good news for the time being.

$100k has never been crazy. Most of us have expected $100k this year even before institutions started jumping on board the past few months. Now it just looks like $100k could be passed much earlier in the year.

Previously my target for the year had been $100k, now I'm thinking $150k-$200k is possible this year.

It's gone from $29k to $42k in not even 8 days to start the year. I expect at least one solid correction this winter/spring, but after that $100k is totally in play by Summer.

I definitely didn't. I was expecting a test of 2017 ATH this year, not last! Still "crazy" for me to try and adjust prices... for a very long time my mind psychologically saw Bitcoin at $4k, and then last year I came to adjust that to $10k. Mind-boggling stuff. Here's to your prediction coming true;)

[KTChampions]

I don't see any correction, the growth continues and so far nothing has changed. Growth cannot occur in one big candlestick, so retracements of 3-5 percent are inevitable. Moreover, if the growth rate increases, even a 10% pullback will mean nothing (do you remember 2017?).

Exactly, I don't know if we can call this retracement, just a minor pullback and then grow in the next 24-48 hours. The highest pullback we witnessed is just around 5% if I'm not mistaken, but then another growth spurt have been seen.

If we are going to compare this to 2017, I would say March-April growth, after Japan accepting bitcoin as legal tender. We witnessed a growth that time. So we are not yet in a bubble, might take the whole year or even 2022 to really see what the top price is going to be.

I strongly doubt that the growth cycle will stretch for another two years. It seems to me that the main growth has already taken place and a real correction/dump should go through until 2022. But only then, just on the expectations of the next halving, bitcoin will enter a new growth cycle, at least for me it would be logical.

[nelson4lov]

There is already a new resistance, so you have to properly analyze it again, because bitcoin reaches again at $ 40k and above,
And resistance is formed there, even though $ 40k and above before there is no resistance,
Of course the trade indicators are what we have to look at.

True. Initially we were in uncharted waters and didn't know where the top would be. At least, now we know price levels that we have to break to reach a new all time high. If you noticed, it was a smooth cruise from $30K to $42K. No struggle between breaking price levels as there was none. No one knew where sellers would start coming in. At least we now have price levels that would need to be reached and broken to confirm that we're back on track with the bull run.