Did you sell off during the 21k price breach.

[Anonylz]

Couldn't let this unexpected opportunity to pass by without taking full advantage of it. I buy at 16k and sold at 20.9k and earned a decent profit.  Now am just patiently waiting for a nice correction to get back in. I wasn't expecting such a sudden pump in price to be honest, I bought to await the upcoming bull market but seeing that price pump, I couldn't resist.

[Crypto Library]

.
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 am holding my btc fund for the bull-run not for this small pump. So there is no question of me selling the bitcoins held here. And looking at the past bearish market, I feel that the market may see another big dumping very soon because what we have seen in the last few days is that the market gives a little pump and then goes back to a big dumping.
So I agree with that we would have to see Bitcoin in the 16k to 20/21k range for a few more days.

[BreachOfEuphoria]

I sold some when the price was at 18.1K. I did not expect it to go much higher.

Some other positions, i have not sold yet. It would be nice if the BTC price went higher but as other users also mention, I also suspect this could just be a pump.

[Ultegra134]

I expect Bitcoin's price won't fall back to $16,000 levels but will settle at approximately $18,000. Unless you're a trader, I don't see why you'd proceed to sell at such a low price; it was just a minor bull run. Perhaps it's a decent opportunity to sell and proceed to buy at a lower price in the upcoming days or weeks, but as a holder, I don't see the reason to bother. Personally, I prefer the safety of holding—not sure for how long, but certainly not planning to sell below $50,000 for any reason. My DCA is a little lower than $28,000, the majority of which is obtained through signature campaigns.

[Oasisman]

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.

Nah, even with a lot of reason if you can't get the people to buy and accumulate more Bitcoin, the price won't go nowhere but stabilized. Whether you believe it's a sign of bullrun or not, as long as you are hodling your Btc and accumulate at this current price, I think you're perfectly fine.
Lastly, I don't think the CPI have a good influence to Btc price.

[glendall]

I think the new 20k is the recovery price, and that's not the best price. I released my btc, even though I bought it at 17k yesterday.
 It's difficult to predict the current value of BTC, but if you have calm and stable finances, BTC ownership will not affect finances outside of investment and you can hold it until priced at 30k-35k maybe later

[EdenHazard]

Couldn't let this unexpected opportunity to pass by without taking full advantage of it. I buy at 16k and sold at 20.9k and earned a decent profit.  Now am just patiently waiting for a nice correction to get back in. I wasn't expecting such a sudden pump in price to be honest, I bought to await the upcoming bull market but seeing that price pump, I couldn't resist.

Well be prepared to have a huge regret and longlasting waiting to get dropped back we might continue running to the top and having your bitcoin sold at $20k level could be one of the lowest price that hard to get back later in the next few months even years .

As per experts predicted that we are heading the next ath of $100k anytime soon between this year and the next halving at 2024.

[dragonvslinux]

No, apart from eyeing up a short-term short position in the near future I'll patiently wait for $50-60K this year (if it comes). Happily to patiently wait until price is overbought and overvalued.

[darkangel11]

This move is nothing really when it comes to bitcoin's abilities. Short term traders sold, but if we look at the big picture, bitcoin is still in a state of fear according to fear and greed index.
It's interesting that most traders were saying bitcoin would fall to 12k and we went above 20k instead.
Now most traders are saying it's a fools rally and we'll go back to 16k. I wonder if the big money that manipulates the market will once again squeeze the shorts.

I did not sell anything because I don't trade my bitcoins. The price would have to amaze me for it to happen and I doubt this year's going to be the one to make us go to a new high.

[n0ne]

I think the new 20k is the recovery price, and that's not the best price. I released my btc, even though I bought it at 17k yesterday.
 It's difficult to predict the current value of BTC, but if you have calm and stable finances, BTC ownership will not affect finances outside of investment and you can hold it until priced at 30k-35k maybe later

Agreed, what we're at the moment is not the best price. For people who were planning to sell at $17000 and make a buyback the present price is a best price. Based on the market movement it looks like it'll move forward towards $25k close to the month end and moves within specific limits same as it have been moving between $16500 and $17500. The next breakout might take the price towards $35k

[bitterguy28]

No I didn't and no planning till now, I still believe that we are crossing 25k at least for that I will consider selling since I knew that halving is year away from happening .and also the price is still going up and bitcoin stays 21k above till this typing.

I think the new 20k is the recovery price, and that's not the best price. I released my btc, even though I bought it at 17k yesterday.
 It's difficult to predict the current value of BTC, but if you have calm and stable finances, BTC ownership will not affect finances outside of investment and you can hold it until priced at 30k-35k maybe later

Agreed, what we're at the moment is not the best price. For people who were planning to sell at $17000 and make a buyback the present price is a best price. Based on the market movement it looks like it'll move forward towards $25k close to the month end and moves within specific limits same as it have been moving between $16500 and $17500. The next breakout might take the price towards $35k

if this is going to happen? then maybe not just 25k but at least 30k will be on the top of the list?

[hd49728]

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.

I agree on this idea. Taking a short break and wait for market movement. If it continues to rise, you can buy and join a new tide. If it falls back and has a correction, you can buy more bitcoin.

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.

I don't consider taking profit is risky. Profit is profit if you take it. If you don't take it and only see it on screens, it is not real profit and can disappear anytime.

People can have different minds. Invest to increase their bitcoins or invest to increase their portfolio in fiat value. I am an investor who want to increase my portfolio in fiat value. It is good for me if I can increase by bitcoin amount too but it is not bad and not risky if I take profit and have to watch Bitcoin rising higher.

I was obsessed to increase my bitcoins in the past and missed many times to take profit.

[wxa7115]

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.?

I have not sold any bitcoin and I do not have any plans to do so as it would be a mistake to sell when the recovery we are experimenting is nowhere close to the previous all time high.

However it is difficult to know what it is the best course of action right now, those performing a DCA strategy do not mind at all what is happening and they are still buying bitcoin as usual, but for those which may like to time their purchases it is not clear which path is the best to take, as they could buy now hoping the price could keep going up, but if this is a bull trap then they will miss buying bitcoin for cheaper prices, but on the other hand if they keep waiting and the 21k level is broken completely then bitcoin will get even more expensive and their fiat will buy even less of it.

[CageMabok]

I sold some when the price was at 18.1K. I did not expect it to go much higher.

Some other positions, i have not sold yet. It would be nice if the BTC price went higher but as other users also mention, I also suspect this could just be a pump.

Actually the pump is not to be expected because it will happen when the time is right or when a lot of people start making repeated purchases on Bitcoin for now. So this is a very common thing to happen to Bitcoin because recovery in price after a dip is not to be expected at all even though it is a shame that you have sold for a while at $18K. Even though you can still get more profit if you don't sell at that price.

[Yaunfitda]

Nope, although I could have made a profit because I keep on buying since the $15,500 price range, it doesn't make sense to sell today because I'm looking for term investment and obviously bigger profits. But I have nothing against for those who have sold at $21k, maybe they need some money or will reinvest it into something.

But for best results, it's better to just continue to accumulate as long as you can this year.

We will have the catalyst for a crazy bull run next year, so it's better to prepare ourselves today and not just sell our precious bitcoin because someone is willing to scope that at a cheap price we are selling at $21k.

[buwaytress]

We will have the catalyst for a crazy bull run next year, so it's better to prepare ourselves today and not just sell our precious bitcoin because someone is willing to scope that at a cheap price we are selling at $21k.

Catalyst yes. Halving will still be dependable for at least the next two milestones, but are we really still banking on crazy bull runs? The last one was (relative to the previous ones) pretty underwhelming and if we expect the ATH-to-ATH percentage to continue in its trend, then we're not even going to see 200% growth from last ATH. That's... as crazy as I'm expecting.

[Popkon6]

Bitcoin price is constantly going up and down Bitcoin is currently in a volatile position.  Everyone likes to see the Bitcoin price go up, but it's normal for the Bitcoin price to go down.  We investors always wait for bull market.  Bitcoin currently stands at 21,1k.  It is highly unlikely that the price of Bitcoin will fall below 15K.  Because many people will face losses in the present time.  After a long period of this bullish situation, there is a storm of joy in the minds of Bitcoin lovers who see the upside, so we always wait for the Bitcoin price bull market.

[bitzizzix]

That's their right as long as selling it is profitable, but it's good to be patient because in the long run bitcoin will be much more profitable, especially in investing. And maybe those who are trading will sell because they may have already made a profit, and hope for another dip to buy back.
everyone has different plans and circumstances and when the price of bitcoin goes up and it is profitable for them some sell and some don't. Because I always treat bitcoin for the long term, so I don't sell it because my ambition is to get extraordinary profits like yesterday's ATH, and I don't really care about the current increase.

[autumnleaf]

Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

[Davian144]

Yes, it is true that Bitcoin reached $21,000 last Saturday, and I regret not selling at that price. The market sentiment appears to have caused the unexpected price increase, increasing demand. The price of Bitcoin has increased due to recent successes and related news.

You don't need to regret if you don't have time to sell at $21,000, because today Bitcoin has increased again and is already more than that price even though it still hasn't reached $22,000. But if this increase continues in the near future you will probably see much better prices than today and you will even see people regretting selling their Bitcoin too quickly at $21,000.

So be patient and hold on to your Bitcoin while enjoying the increasing price that is happening in the market this month. Because I still firmly believe that Bitcoin will be close to the $25,000 price level if demand continues to increase and there is no bad news for it.