Did you sell off during the 21k price breach.

[DaNNy001]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

[1714540489]

1714540489

[hd49728]

Bitcoin can continue its recovery to $28,000 or $30,000 and last two days are not ending of its mini bull run.

However I believe Bitcoin will retest the $15,000 bottom in future so if you want to wait for better profit, wait to take profit around $28,000. If you want to make sure you won't miss any profit, 20% is good enough, take it now.

I believe it will need a few months to see Bitcoin to touch $15,000 or $16,000 again. Perhaps it will only be seen with a flash crash before 2024 bull run.

[crunck]

I think institutions are buying to selloff their buy positions at a higher price, i think it is a bull trap.

Many people believe it's a sign of the bull season, and they're excited, the more people believe this is a bull run, the more I believe this is a trap. Just with the information that CPI dropped from 7.1% to 6.5%, people believe that bitcoin can increase in price is naive. Bitcoin price doesn't just depend on CPI, it takes a lot of reasons to get the bull season back at this point.

[Inwestour]

Bitcoin can continue its recovery to $28,000 or $30,000 and last two days are not ending of its mini bull run.

However I believe Bitcoin will retest the $15,000 bottom in future so if you want to wait for better profit, wait to take profit around $28,000. If you want to make sure you won't miss any profit, 20% is good enough, take it now.

I believe it will need a few months to see Bitcoin to touch $15,000 or $16,000 again. Perhaps it will only be seen with a flash crash before 2024 bull run.

Now it is difficult to say where the price will go next, it is clear that the level of 21k has certain difficulties for further upward movement, but it is quite possible that before falling again there will be a deceptive upward movement.

For now, it's worth taking a short break and seeing what happens next. I also expect that we will return to lower levels before fully entering the bull market phase.

Selling now to make a small profit can be too risky if we assume that the price will not fall, but will continue to rise. This is unlikely, but it cannot be ruled out, now it is better to wait a bit and see what happens next.

[mindrust]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

No. A fair price for a bitcoin is one million USD. Before we reach that price, I ain't selling shit. Bitcoin has limited supply. FIAT has unlimited supply. When you think about it, even a million US D looks like a conservative prediction. In theory you can't even measure one bitcoin in terms of the USD. That means bitcoin's fair value in USD is basically infinite. 999999999999999999999999999999999

[Aanuoluwatofunmi]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k

Some would have seen this coming while others may not have done so but for the fact that you buy bitcoin this year before last week Saturday is an indication that you have already realized something good enough from your purchase either on a short or long term, if you noticed some weeks prior this last one, there have been sone stir as well on the general crypto market with prices fluctuating while that with bitcoin only happens to occur this last Saturday and those that have bought already make some profits, yet it is believed that the bull run hasn't started yet.

[hitsnorth]

Of course not. I never invested money I'd need soon, I can wait. And I'm pretty sure $20K is not the highest price we'll see this year.

[Outhue]

I took some profits, I feel like this is a bull trap, we can't ignore that it's too early for any bull market at this time so this is the best you can do, to me this is another relief rally and we need to continue going side ways, if the pump continues it's not a healthy one, there will be a massive correction.

Even if 30,000$ per Bitcoin happens in 2023 we can still see a retest of 15,000$ again, lower your expectations until halving season before expecting a reliable market uptrend.

[Erumo]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

No. A fair price for a bitcoin is one million USD. Before we reach that price, I ain't selling shit. Bitcoin has limited supply. FIAT has unlimited supply. When you think about it, even a million US D looks like a conservative prediction. In theory you can't even measure one bitcoin in terms of the USD. That means bitcoin's fair value in USD is basically infinite. 999999999999999999999999999999999

Ohh yeah? Then why do you always move signature reward funds to other wallet. I would believe that you send all your funds through mixer to cover tracks

Nevertheless I share your vision of holding till Bitcoin hits a million. It will be stupid to hold Bitcoin all that time and sell at soon as the showed a tiny growth. A million or nothing. (Or a hundred if a have hundreds of Bitcoin )

[taufik123]

To take advantage of this moment, of course, I sold some and took profits, because some bitcoin purchases when the price drops to 16k I target sales at $ 20k and above. Making a few sales makes a profit and holds the rest of the Bitcoin for the long term.

This aims to get capital to buy at a lower price when the price starts to correct again if it suddenly drops back towards $ 16k, but maybe it's still difficult for now if it's not accompanied by some FUD manipulated by whales.

Right now it's possible that the whales took a lot of profit when the bull market started in 2023, and remember that the Chinese New Year holiday is almost here, the whales are taking profits for their holiday on the Chinese New Year.

If you have sold for $ 21k then enjoy the benefits and monitor first.

Bitcoin Monthly Returns Until 2022
bitcoin returns 2023 whether the pattern will be the same or will it increase,
we'll just have to wait

[G_Besar]

Not many people expected the sudden rise in the price of bitcoin in the early part of 2023 as speculation i have online and also in the forum have started the bull is not going to be coming anytime soon. But the price of bitcoin surprisingly reached 21k on Saturday and many short time holders saw this as a wonderful opportunity to sell off some of their coins and wait for the price to go low again before buying.

Those who are selling too fast with the excuse that they are already seeing profits in the near future are people who have no patience and are still doubtful of more increases in Bitcoin. Even if Bitcoin is able to reach $21K in this month which is the beginning of 2023, indirectly there will be an even better increase next month if there are not more people selling in the short term.

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

I personally still really hope for a bigger increase from this month and absolutely do not expect a drop to the lowest price again. Because I don't trade with Bitcoin even though I trade with other cryptocurrencies. So I'm not expecting another downturn in Bitcoin especially this year

[Bitstar_coin]

This is just the beginning of price recovery, there is a better chance of selling high in months to come. In my case, there was no need for that (besides, am not holding a big bag of btc).
Although day traders will not miss such opportunity, for those who bought in around 16kish that was a good profit within few days. Btc is always full of surprises, to think some people where predicting 10k and actually waiting for it, they must be in shock by now.

[Yatsan]

Yup, managed to exit at $21k, entered at $15k. It is somewhat unplanned to be honest, I never expected that there will be an increase as early as this one given that the year has just began. However I sold my holdings at the mentioned price point because I doubted the possibility that the increase would be continuous. The known reason was the CIP Report recently but I think it is not a reason which would support market resistance against bearish market from last year. I am more expecting of a huge recovery in 2024 but I won't disregard any spike with the market prices to generate profit ofcourse. Always be mindful of the reason whenever the price is whether upward or down to help you with buying and selling decision.

[Don Pedro Dinero]

Are you joking? Of course I didn't sell.

I see bitcoin in the long term, very long term, and although I will probably make partial sales in the next bull market, my goal is to accumulate more. I am not going to sell for such a small rise. Why am I going to sell now if next cycle I expect the price to be at least 7 times higher?

Yup, managed to exit at $21k, entered at $15k. It is somewhat unplanned to be honest, I never expected that there will be an increase as early as this one given that the year has just began. However I sold my holdings at the mentioned price point because I doubted the possibility that the increase would be continuous. The known reason was the CIP Report recently but I think it is not a reason which would support market resistance against bearish market from last year. I am more expecting of a huge recovery in 2024 but I won't disregard any spike with the market prices to generate profit ofcourse. Always be mindful of the reason whenever the price is whether upward or down to help you with buying and selling decision.

Congratulations on winning at the casino.

[seoincorporation]

So are we to expect any sudden drop down to 16k again on the price of bitcoin this year or we will going through with this current 20k to 21k mark.?

Is hard to predict the next move, but with the current market cap of $977.09B I don't think this is going back to $16k in the next few days. I know it was a nice surprise to see btc touching $21k, and some of us feel bad for selling in the past days at $17k... but that's how the markets rolls, Bitcoin loves to give us these crazy moves. Let's see what this week has for us.

[bittraffic]

The price of BTC maintains its position above $20K though so If this will not go back to at least $18k by Wednesday, the bull market may just continue til we reach $25K. Hoping that it would drop a bit so those who have sold can accumulate more leaving a few BTC left on the order book. I sold the altcoin I have held since it spike a bit. I'm not sure if I am going to be buying back.

Yup, managed to exit at $21k, entered at $15k. It is somewhat unplanned to be honest, I never expected that there will be an increase as early as this one given that the year has just began. However I sold my holdings at the mentioned price point because I doubted the possibility that the increase would be continuous. The known reason was the CIP Report recently but I think it is not a reason which would support market resistance against bearish market from last year. I am more expecting of a huge recovery in 2024 but I won't disregard any spike with the market prices to generate profit ofcourse. Always be mindful of the reason whenever the price is whether upward or down to help you with buying and selling decision.

Good profit. Congrats! I also told a friend to sell since he had bought his BTC last year at $18K. He did listen to sell while I'm not selling. I was pressured he might blame me again. If the price continues to blow up, I hope he will not blame me still.

[BitcoinPanther]

I am actively using BTC for purchase and payment so basically it is a yes for me for all the fluctuation of BTC.  It was a surprised when BTC surge this past days and holding to the current price.  There is not much news except for the CPI while some video on Youtube explained that the current surge of BTC is due to short liquidation.  It it looks like this liquidation will continue for sometime.

I don't know whether the buy pressure is strong enough to push the price to the new level like $25k to $30k and there is always a chance that Bitcoin price will retest $16k  or below than that if this rally become a bull trap and  I hope it is not.

[Jawhead999]

I mean, there's still 349 days to go before this year will end, but you're now asking the end year price during this recent pump? we can't even know if this pump is a trap or not, there's a high chance it would go lower around $18K and the price will steady until something big happen.

I'm not selling my Bitcoin for $21K, because I've in situation where Bitcoin is still in $40K, it doesn't make sense for me to sell for half price. Currently, I'm not in hurry to need more money, so I can hold for maybe 2-3 years more.

[AmoreJaz]

I mean, there's still 349 days to go before this year will end, but you're now asking the end year price during this recent pump? we can't even know if this pump is a trap or not, there's a high chance it would go lower around $18K and the price will steady until something big happen.

I'm not selling my Bitcoin for $21K, because I've in situation where Bitcoin is still in $40K, it doesn't make sense for me to sell for half price. Currently, I'm not in hurry to need more money, so I can hold for maybe 2-3 years more.

lucky for you that you can wait for years before you will sell your satoshis. if you are indeed a long time believer of btc and you have no immediate need for your coins, you can truly wait for years up util you feel the price is right. 21k price level is indeed low if you happen to witness the ATH of more than 60k. you would wish that it will come again and wait for more. as no one can exactly predict what will happen next in the coming days, you are just left with the hope that btc market will continue to soar and be bullish.

[Zaguru12]

Is hard to predict the next move, but with the current market cap of $977.09B I don't think this is going back to $16k in the next few days. I know it was a nice surprise to see btc touching $21k, and some of us feel bad for selling in the past days at $17k... but that's how the markets rolls, Bitcoin loves to give us these crazy moves. Let's see what this week has for us.

I also think it will go back to the $16K margin the best thing for any one trying to accumulate will be to do DCA at least every week because I believe each we will have new price either a huge dump or high rise. With DCA the loss might be minimized or the profit been maximized. Right now I am not selling off till we touch maybe $50k something I see to happen by ending of the year. This little market pump is the best time to sell of all altcoins