There is a saying that whatever goes up most come down. Some traders predicted a pullback @30K but got smashed. Can we see a pullback @40k?
Let have you thought on this...
Again, this is new to us, unknown region, that $30,000-$34,000 price range though was smashed in the last 48 hours, so that's how fast we get to where we are right now. So as far as pullback? no one can tell as the price keeps going up with just shallow corrections along the way.
But as far as reaching $40,000, probably this month it will be slice like a butter and then we will see how everything pan out after that.
Bitcoin hit the bottom line after hit the ath at $34,8k falling sharply 16% to hit $27.8k a few hours ago but recovers shortly.
The bulls managed to buy the dip and push it back towards $31k immediately, $30k to $35k price range is a new level for bitcoin to discover a new all-time high.
Not sure when it will reach $40k, probably within a few days or a few weeks, but bitcoin has to overcome the resistance at some point.