Quote from: peter0425 on January 09, 2021, 10:15:58 AM

Quote from: DECABEATZ on December 27, 2020, 12:16:41 AM

Too many institutions and big money behind it now!!! Whats everyones opinion explain?BTC

And it's getting more doubtful now as the Price arise up to 41,000$ So dropping bellow 20k is far from happening this soon.
Lets see when the Price starts to fall and when the 25,000$ becomes the Bottom then we may expect a small dip down to bellow 20k .

But Lets Just forget about that for a while ,because we are still enjoying our days with the Highest value Bitcoin ever Has.

I wouldn't be so sure about it right now. I am one of those people who say under 20k is a tough call and would probably not happen, but I am not saying it is far from happening neither, it all depends on the market situation.

If the market suddenly believes it is going down, and people start selling, going under 20k wouldn't be that impossible, it would take at most a week for it to go there if the market wanted and sold accordingly. We have reached from 20k to 40k levels, literally double the previous ATH, in just one month, so it wouldn't be a shock to go back under 20k with basically no support lines worthy to hold the price above.

I believe we are not looking like we are going to drop right now, but we are not looking like we are going to be doing that bad neither. We are definitely at a place where we could probably get away with 50k to 60k right now.