Is it just the starting of fueling Bitcoin for riding to moon?

[doctor877]

The whales know the point at which big investors will like to come in which is when they usually buy in especially after some major corrections. For now everyone is still bullish on Bitcoin and people are really waiting for high figure prizes as it's being predicted but it's only a good buy for big investors and not the little capital traders. Every dip is an opportunity to buy into Bitcoin because they always take profit at major tops. This huge buy will give a positive buy signal for more institutions to come in.

[angrynerd88]

Coming to at this current ATH zone, we had to see it dump for so numerous times. And this dump that we've seen is portion of it, The fall is the portion for which attract new investors to induce prepared into a better zone that we've never seen some time recently. Whereas the little traders and investors are putting themselves into freeze, while whales are speculating the market their own consent to get expected profit. They'll never get it that we're as of now distant from behind and there will be no same situation of most reduced like $3k and $5k.

[Savik]

2017 was the story of retail FOMO and 2018 showed how quickly their hands weakened.

2020 is the story of institutional and corporate balance sheets buying into BTC, and I suspect they will be in this for a much longer haul and make sure their investment retains value. These entities are controlled by the top 1% who truly have power to pave the way for BTC to flourish.

Nerds
Libertarians
Illicit buyers/sellers
Retail Speculators
High Net Worth families
Hedge Funds
Corporations

Where do we go next? Sovereign Wealth? Central Banks? I do think these are both likely in the next few years, and six digit BTC prices will be the norm.

[GreatArkansas]

2017 was the story of retail FOMO and 2018 showed how quickly their hands weakened.
(....)

This is one of the reasons also I am keeping telling that WE are still early for adoption of Bitcoin, wayback 2017 - 2018, especially when we reached $19,000 and dumped a huge percentage, a lot of people lost their hope on Bitcoin and some already sold their Bitcoin in lost.
Big players on the market are buying their Bitcoins from 2018 until now.
This bullrun is totally different than before. A lot of big players are coming to our Bitcoins!

[Wulan_maniez]

Yeah, before bitcoin has a new price to six digits, as we see today, bitcoin  will  lower its  price  many times  with  some  increase.
The last highest  price at the  time of this  correction was  $39k and the lowest price was $29k. I didn’t know it would get to $25k
or touch the low at $20k. But if you look at the current decline that only got to $29k, that’s  not  too  much  of a  panic sell at the
moment. Perhaps then bitcoin will continue its even more aggressive rise.

[Kittygalore]

The whales know the point at which big investors will like to come in which is when they usually buy in especially after some major corrections. For now everyone is still bullish on Bitcoin and people are really waiting for high figure prizes as it's being predicted but it's only a good buy for big investors and not the little capital traders. Every dip is an opportunity to buy into Bitcoin because they always take profit at major tops. This huge buy will give a positive buy signal for more institutions to come in.

By the time more institutions come in, the prices will be so high that they won't be profiting from it that much, the early institutional investors will get the biggest worm when that happens, they will be selling their coins at a large profit gap. I find the fact the big investors will benefit here more than small capital investors agreeable because most small capital investors are not long time hodlers.

[carlisle1]

Facebook speculators wannabe  says its just the start and the possibility that BTC price will not dip back to 20k is higher because of the supply that cant keep up the demand.  When the big names says the price could rise up to $100,000 it could happen or they may just be hyping it because when it comes to crypto anything can happen.

So this means they fail? because Bitcoin set a lowest price this year dumping to 28,000 level when we are in the peak of the Bullrunning.

so what are we looking at now ? more dumping to below 20,000 or this is the Minimum value in which 25,000 and uP?

I'm in favor of both either stays growing or have a Dump so i can purchase more again.

Had been seeking for a chance to buy back as my extra funds is now on hold.

[dupee419]

That's quite hefty, 314 bitcoins is a lot and they did bought it a right price, I honestly think it's a good choice for buying, I am speculating that the dump has to happen, that was a huge run to be honest and it definitely has to refuel in order for an ever larger bull run. If the price dumps ever more then I'd say it's time to buy some bitcoins then and gain profit by holding it once the next run starts.

[michellee]

Yeah, before bitcoin has a new price to six digits, as we see today, bitcoin  will  lower its  price  many times  with  some  increase.
The last highest  price at the  time of this  correction was  $39k and the lowest price was $29k. I didn’t know it would get to $25k
or touch the low at $20k. But if you look at the current decline that only got to $29k, that’s  not  too  much  of a  panic sell at the
moment. Perhaps then bitcoin will continue its even more aggressive rise.

It could happen, but I am not expecting to see that lower price. If it will happen in the near months, we should prepare for the coming, and prepare the money to buy at that price. We will never know when to go down or up, but we can prepare and be ready to use the time for our benefit. After the price touches the lowest price before, the price will go up again, and I think it is already happening, so in the next week, we can expect to see the price will increase more.

[ultrloa]

Yeah, before bitcoin has a new price to six digits, as we see today, bitcoin  will  lower its  price  many times  with  some  increase.
The last highest  price at the  time of this  correction was  $39k and the lowest price was $29k. I didn’t know it would get to $25k
or touch the low at $20k. But if you look at the current decline that only got to $29k, that’s  not  too  much  of a  panic sell at the
moment. Perhaps then bitcoin will continue its even more aggressive rise.

It could happen, but I am not expecting to see that lower price. If it will happen in the near months, we should prepare for the coming, and prepare the money to buy at that price. We will never know when to go down or up, but we can prepare and be ready to use the time for our benefit. After the price touches the lowest price before, the price will go up again, and I think it is already happening, so in the next week, we can expect to see the price will increase more.

That will be the worst case scenario if $25k price will be reached since It could provably trigger a massive panic selling, there are to many traders are now getting afraid for market upset happening recently so provably it could create fear once we see a glimpsed of $29k price level. But for now as the price became quite stable at $32k maybe we can see a upcoming huge pump that can possibly reached to $40k again but we still need to be more vigilant as the market moves in half of bullish and bearish these days.

[exstasie]

Maybe $45,000 will do. I'm really waiting for bitcoin to reach $45k or $50k before I sell and buy in the low.

After this magnitude of correction (31.5% or more) and this amount of time, I wouldn't sell at $45-50K. Too low. Once the $42K high is breached, the market is likely to go significantly higher than that:

Anywhere from $60-80K seems reasonable. The best model we have for this stage in the bubble is the June-July 2017 correction off $3K. After that correction completed, the market extended ~58.6% above the previous ATH.

If we extrapolate and apply to the current chart, that would put the next top around $66.6K.

Things obviously won't play out exactly the same, but I think that provides some reasonable expectations.

[PerfectCircle]

The highest that Bitcoin can go this bull season is 50k, just my guess though, I'm expecting to sell my btc from anything around 40+ and wait for massive dip, I hope people won't be too greedy and hesitant this time around like 2017, bitcoin won't keep surging forever and microstrategy won't keep buying dips too

[aoluain]

The whales know the point at which big investors will like to come in which is when they usually buy in especially after some major corrections. For now everyone is still bullish on Bitcoin and people are really waiting for high figure prizes as it's being predicted but it's only a good buy for big investors and not the little capital traders. Every dip is an opportunity to buy into Bitcoin because they always take profit at major tops. This huge buy will give a positive buy signal for more institutions to come in.

Institutional investors are getting into Bitcoin now and have been for a few months now
and will continue the trend at whatever value Bitcoin is at because when Bitcoin reaches a
$300k or $500k value nobody will be complaining that they bought at $55k rather than $35k

Institutional investors are not going to be selling next year or the next 5 years, what is the
alternative to Bitcoin for storing their wealth.

I was happy with the recent dip, I was able to buy with the last $30 I had on an exchange.

I will be buying more when FIAT is available for me - always

[michellee]

That will be the worst case scenario if $25k price will be reached since It could provably trigger a massive panic selling, there are to many traders are now getting afraid for market upset happening recently so provably it could create fear once we see a glimpsed of $29k price level. But for now as the price became quite stable at $32k maybe we can see a upcoming huge pump that can possibly reached to $40k again but we still need to be more vigilant as the market moves in half of bullish and bearish these days.

Yes, it is. We do not expect that will happen in the next months, but we hope that the price will start another rally to the high price. But if we can analyze the market before we do something, we will see a sign where the price will go, and we can adjust to what we will do. Yes, the price now became stable for a while, which brings hope to us that the price can increase in the next week. But we need to be careful because the downtrend can back anytime, and we need to be ready.

[palle11]

The highest that Bitcoin can go this bull season is 50k, just my guess though, I'm expecting to sell my btc from anything around 40+ and wait for massive dip, I hope people won't be too greedy and hesitant this time around like 2017, bitcoin won't keep surging forever and microstrategy won't keep buying dips too

You can get a shock that bitcoin won't fall as it did in correction back in 2018. You can see this things have changed. Certain factors have come in especially halving that happened in last year, so it may take another angle that price will just drop a little around above $30,000 and bounce up to $50,000 for this year.

[slaman29]

Where do we go next? Sovereign Wealth? Central Banks? I do think these are both likely in the next few years, and six digit BTC prices will be the norm.

I think on retail it is still nerds and middle class people, but to be fair, even when it comes to sovereign wealth, it will have to come from countries who have a high percentage of nerds in their middles and upper class. I cannot see a developing nation's sovereign wealth fund take the same enlightened decision as Nordic funds for example!

[hatshepsut93]

The recent chart looks a lot like a bubble that has popped - we had a failed retry of $40k, some sideways action, dip below $30k and now there's a very weak attempt to go up again. This is all similar to what happened after the $20,000 was reached in 2017.

On the other hand, it all could also just be a correction on the road to $150k or whatever 6-figure price would be reached. Such corrections also happened in the past bull markets and people though that it was time to dump.

Both buying and selling is very risky at the moment, so whomever makes the right move will make a lot of profit, because a big up or down movement is definitely coming, it's very unlikely that $30k will be stable.

[error08]

Institutional investors doing it for an obvious reason, $31k is a discount for such a precious coin in the future beside the dip is the right time to buy bitcoin.
The demand for bitcoin keeps increasing which makes it persist to drop, although the bull runs still in the early phase to reach 6 digits.
While Microstrategy, grayscale and other institutional investors always announce their purchases of bitcoin to the public, there are many other investors out there who do not publish their purchases but still have a positive impact on the market, hence the price reversal occurs in a short time.

[Wysi]

This is really getting interested day by day and at the same time there is a fear which looms around my mind that what might be the long term strategy of institutions purchasing huge amount of Bitcoin's? Should we consider this as normal adaptability or else a long sighted plan to dominate the market and patronize it in the future once they gain enough share to run the show? It's basically like ROI or technology and we have already chose ROI over technology.

[Ridwan Fauzi]

That is true, bitcoin need a correction to be considered that the movement price is healthy.  There will be many investor who will be afraid when bitcoin price hadn't met a correction, like a few days ago. The bitcoin volume just slowly decreased not as attractive as before, this thing has pointed out that many investor want bitcoin price fall to meet a correction. And now is happening, trying to fall and has reached below $30.000, I guess the correction will be more than that. Take a lool with the weekly candle chart, the candle seem like will form as shooting start candle with indicate the bearish sign is coming.