Bitcoin can't break out anymore Elon waits to a pump to 39-40k and then Elon fud about bitcoin to keep it on the low 30k range.
It will never break the 40k because Elon tweets about it and make a market crash.
Like it or not he control the market.
The days for the btc are over unless elon dies.
First, don't misunderstand this. Elon and other influential don't control the price of the Bitcoin market, he can only influence the market. However, Elon stance lately about Bitcoin shouldn't surprise anyone because Elon have choose to us that he only care about things will profit him.
Second, Bitcoin will still break the $40K price range though it may not be this current market but Elon tweet was not the only reason why Bitcoin seem not to receive the $40K, China mining sector issue, Korea restrictions, etc are also among what cause the downtrend of market.
Lots of FUDs at the moment, we can understand that because the trend is bearish, however, if we are in the bull market, all of that FUD is useless as people would still buy. You know, you can already tell now that people are just really manipulating the market, I mean the whales, and they have already enjoyed making a lot of money during the bull run, now, they are trying to bring the price down so they can accumulate again.
Are we going down below $30k, the answer is, maybe soon, if the down trend continues, $20k possible, and even $10k.
Expect that more fuds will spread these season many people lose their money and start to mourn out about and also there are people trying to grab the opportuniry to create another panic to make bitcoins dump more they want to see more deeper level to enter their best position and earn more profits from this current situation. But what good thing happening is bitcoin still strong at 30k$ so maybe we cannot see more deeper on it and most provably next month we can see it recover.
@Botnake, many people seize the current trend of the market to manipulate the price of the market and it not the whales alone cause the arbitrage traders also play their own part in it. For the price, I also believe the market to go below $20K if the downtrend hold for long that's the reason why I said the current downtrend could be the beginning of market blood bath.
@arwin100, more fund will spread but I don't think we ought to say people lose money because they can choose to hold their investment till another ATH market rather than selling at a lost price.