Bitcoin a deep pullback @40K?

[Dsdaq]

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...

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[mk4]

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.

[Asuspawer09]

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...

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   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.

[Swordsoffreedom]

This is Newtonio proverb that

Code:

What goes up must come down

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.

[pixie85]

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

[Sterbens]

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.

[BIT-BENDER]

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...

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.

[btcwish1]

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!

[Wysi]

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.

[DeathAngel]

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.

[ChrisPop]

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.

[LFC_Bitcoin]

I think bitcoin will hit the price of $ 40000 by the end of January 2021.

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

[acener]

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.

[sunsilk]

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...

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

The answer is we don't know if there will be or there will be none.

[sheenshane]

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.

[Kemarit]

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...

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.

[idrisalomagold]

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...

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.

[7788bitcoin]

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...

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.

[hahay]

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.

[cat22]

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.