BTC has broken the $40k barrier, next test is $31k, then on to $10k

[btc-room101]

https://coinmarketcap.com/currencies/bitcoin/

Well its here

Musk bought in at $42k, rose it up to $66k, bailed at $50k, and now falling like a rock to $31k

So all the CORPORATE buy-in of BTC has now been lost.

40% loss of capitalization in just a few days, 500 BILLION US DOLLARS lost, and more to come. ( $1.2T is now $740B )

Next test is $10k

HODL on morons, suckers; The whales, and corporations are all heading for the exits, the bag-holders as always will be the HODL'rs

Enormous pressure will now be on BIDEN to make good on all the pensions and unions that bought into the COVID rise of BTC.

[mk4]

You're talking about the drop in price as if price consolidations is anything new to bitcoin LOL. Have fun spreading FUD!

[aoluain]

EXACTLY @mk4, we have been here many, many, many times before....
and there will be more.

Look at 2017 where there were big corrections. There was a lot of shit thrown at
Bitcoin back then but hey it survived and will continue to do so.

[UnDerDoG81]

When the trolls come up and make these kind of threads its usually a good sign we are close to the bottom. I´ve read couple times of a bottom of $28k. So hold tight and fasten your seat belts for a hot 6 digit winter. Until then, just turn off your computer and do not feed the trolls.

[rahmatrf331]

https://coinmarketcap.com/currencies/bitcoin/

Well its here

Musk bought in at $42k, rose it up to $66k, bailed at $50k, and now falling like a rock to $31k

So all the CORPORATE buy-in of BTC has now been lost.

40% loss of capitalization in just a few days, 500 BILLION US DOLLARS lost, and more to come. ( $1.2T is now $740B )

Next test is $10k

HODL on morons, suckers; The whales, and corporations are all heading for the exits, the bag-holders as always will be the HODL'rs

Enormous pressure will now be on BIDEN to make good on all the pensions and unions that bought into the COVID rise of BTC.

Previously I have talked about this too, where bitcoin is already at its maximum peak, it can be said that yesterday bitcoin was on a high mountain, bitcoin will automatically go down the mountain to the next mountain.

the question is when bitcoin will go up the next mountain, or bitcoin will be at a low price or below $ 31k.

[decodx]

HODL on morons, suckers; The whales, and corporations are all heading for the exits, the bag-holders as always will be the HODL'rs

Could I quote you on that matter in a month or two? 

Seriously, what's wrong with you? You act like you were born yesterday.

[Wexnident]

Uhh Tesla hasn't sold any of their BTC according to Elon himself.
https://twitter.com/elonmusk/status/1394170030741413888

And honestly, the market has been through corrections like this one way too many times, how many bloody more do we need for people to understand that this is natural lmao.

[rahmatrf331]

Uhh Tesla hasn't sold any of their BTC according to Elon himself.
https://twitter.com/elonmusk/status/1394170030741413888

And honestly, the market has been through corrections like this one way too many times, how many bloody more do we need for people to understand that this is natural lmao.

That's right, bro, people if there are rumors of going down, bitcoin will continue to sell at a low price.

whereas large investors deliberately create issues like that, because they want to buy at a very low price, in order to get a huge profit when the price of bitcoin has started to normalize back to $ 60,000.

maybe in two weeks bitcoin will be back to normal and the players will get a big mountain.

[Ararbermas]

EXACTLY @mk4, we have been here many, many, many times before....
and there will be more.

Look at 2017 where there were big corrections. There was a lot of shit thrown at
Bitcoin back then but hey it survived and will continue to do so.

correct.. A lot of masive correction happened ever since before but bitcoin always survive and makes new ATH afterwards.. Unfortunately most enthusiast now are only basing on what's on the internet and they always shaking.. They're really scared on the current situation not the real future of bitcoin sad to say..

[STT]

Nice chart but now I got to ask what moving average is that in red because its a great place to keep track of looks like.   Every sell off seems to terminate in that region and return some hefty returns multiple times, that'd be a nice trade

[Lucius]

Musk bought in at $42k, rose it up to $66k, bailed at $50k, and now falling like a rock to $31k
So all the CORPORATE buy-in of BTC has now been lost.

I know that it is very easy to throw random numbers, but apart from the fact that you are already a declared FUD master, you show that you are not able to find relevant data. It was assumed that EM bought about 40 000 BTC at an average price of about $30 000, and after selling 10%, some people whose math is doing much better than you have calculated how things actually stand.

No one lost anything if they didn’t sell, and EM is definitely even in the green now given the price at which he bought BTC. People who know what Bitcoin is are never in a panic, much less because people like you want to buy BTC for $1000 or less - but that train has long since passed.

Bitcoin's price was uncharacteristically steady in the last three weeks of March, averaging $55,100. So the math suggests that Tesla sold around 4,800 Bitcoins at that price to raise the $272 million. We also can reckon what Tesla originally paid for its stake. Since it pocketed a 59% gain on every Bitcoin sold, its original cost must have been about $34,700. Makes sense. That's close to the average quote in the January to early February period that bookends Tesla's purchases. It appears that the $1.5 billion investment bought roughly 43,000 Bitcoin.

[LUCKMCFLY]

Bitcoin is already down 40% from its final ATH, according to Peter Brand about 20 days ago he said it would naturally go down 35%, but things look a bit more difficult, because Elon Musk seems to have a lot of influence, this is a negative Because having so much mass movement he does what he wants, however in this article they show some key points of a technical analysis:

Key Support Levels: $38K, $36,750 / $36,250, $35,900, $35,100, $33,260, $32,465.

Key Resistance Levels: $39,700 – $40,000, $42,000, $44,750, $46,000, $47,890.

Looking ahead, the first support lies at the current level of $38K, followed by $36,750 (.786 Fib), along with today’s low at $36,250 (lower boundary of the the price channel). This is followed by $35,900 (downside 1.618 Fib Extension – orange), $35,100 (short term downside 1.272 Fib Extension), $33,260 (short term downside 1.414 Fib Extension), and $32,465 (Feb lows).

Source: https://cryptopotato.com/bitcoin-price-analysis-btc-is-now-40-below-ath-bulls-eye-the-ma-200-crucial-level/

I honestly don't think it will hit $ 30k or less, but it all depends on how much weak hands are able to hold up ...

[proudhon]

[mk4]

Bitcoin continuing to follow the S2F model might or might not happen, but it doesn't really matter. When talking about price models, saying that "this will never happen" is almost just as bad as saying "this is guaranteed to happen"; both pretty much implying that you know what's going to happen in the future.

[Scripture]

HODL on morons, suckers; The whales, and corporations are all heading for the exits, the bag-holders as always will be the HODL'rs

Enormous pressure will now be on BIDEN to make good on all the pensions and unions that bought into the COVID rise of BTC.

Whales are not leaving the market, you are just panicking because if you look at the twitter, many whales buy back bitcoin and that's why the price after hitting $30k, it goes back to $40k instantly because whales are buying. Who will exit on a market where you always make money especially if you're a whale?
What's the connection of Biden decisions to Bitcoin? I don't see any correlation with this one aside from FUD.

[Obito]

It's normal for Bitcoin cycle, this is not the first time. Indeed, speculators are nearly all sold up and holders are all waiting patiently or about to re-enter big positions. Since, this thing was predictable, it will bounce back once it's oversold. what do you think?

OP is stupid enough to not know that, I think OP bought some bitcoin at a loss and panic sold so s/he wants spread misery and FUD towards others in hopes that other people are going to be stupid enough to sell their bitcoin. Wallow in your misery OP. It will go back, these people are just too short-sighted to see that the long-term is much more profitable.

[Jating]

And now it seems that the price is on the $40k range again, so the OP is wrong, the price didn't go $31k.

Just proved that he is just spreading FUD, or he is just full retard anti-bitcoin or simply wanted the price to go down so that he can buy cheap. Regardless though, bitcoin has gone into many dumps that there are people who says that it is dead already.

But proven has proven them time and time again.

Here is a reminder:

https://99bitcoins.com/bitcoin-obituaries/

[Oasisman]

Another FUD! smfh.
Do you have anything more interesting than this one?
This is such an old FUD.
Do you have any proof about Tesla selling their Btc holdings? And do you have proof about corporate investors exiting the market?
If you do, then update it in your OP, because what we believe is happening with the Btc price today is just a normal correction/ consolidation period.

[STT]

It doesnt matter to me if TSLA sell or not, there are more important factors to consider then one company even if they are peak hype Im not that interested as I dont see they are developing anything special.   Its a big name, it helps face value and its worth about 10 seconds consideration.  I hope we expand in more important ways less notable because it will concern a million people in a small way and they'll all have greater growth potential then a billionaire or his company who have already made it.   It'd be way more interesting if TSLA had announced to further hydro electric usage perhaps, maybe thats not them its down to turbines different technology but still I dont count anything said there as determining future prices.

the price is on the $40k range again, so the OP is wrong, the price didn't go $31k.

Its not FUD its a feasible scenario, price on any one day doesnt have to matter outside or trading its just that large part of BTC is speculation and perception but not all of it some is steady development.  The  200 day average is rising still which should be some caution on those too negative or over extended towards that view still we do seem to require to set a proper bottom in order to rise back to the 200 day or 40k area then challenge it. etc.

[UnDerDoG81]

10k? Nice.