Post
Topic
Board Speculation
Re: Bitcoin a deep pullback @40K?
by
nelson4lov
on 07/01/2021, 19:22:51 UTC
~Snipped
Just like when bitcoin price first got to $34000, there was a correction and decrease to $30000 or a price that is slightly it, but after a day or two, the bullrun continues. At this present price of $35000, nobody can truly yet predict what could happen after bitcoin will get to $40000, but mostly like the bullrun will continue after correction (short time and mild bull back).

As expected, Bitcoin finally reached $40,000 milestone price and a new all time high and just moments after it touched that price level, there was a sharp drop to $37K. This drop took a lot of alts with it and there's been over $1.2B in longs liquidated so far. Like I said a day before, $40K price level was very much untested and there would be some resistance at that zone. I hope someone did profit from the drop (sell the top and join back to continue the ride). By the way, Congrats to everyone that held their BTC!