Quote from: coinbiz on Today at 02:16:42 PM

LOL at all the people saying below $20k isn't going to happen because of institutions. We're about to hit below $30k any moment now. Institutions are made up of people. People still trade on emotions.

You realize $30k is $10k higher than $20k right? The correction would need to DOUBLE from the current bottom to hit $20k. Extremely unlikely to happen. I wouldn't be surprised if $30k was the bottom, maybe at lowest the $27k the last bear trap went to. And a correction from $41k to $30k isn't surprising at all.

Institutions are made up of people sure, people who probably spent months having meetings and analyzing the market before deciding to buy in long term. They're not gonna sell a few weeks later for what they planned to be a 5 or 10 year investment. There is probably a small percentage of institutions that are looking for a quick trade and will get in and out depending on the market short term moves. But most are looking to keep their wealth safe and are buying long term.

I'm gonna say LOL to the person saying it'll drop to $20k just because it hit $30k lol

Price will probably be over $40k again by Feb 1st haha and hit $50k by end of Feb.
I'm seeing articles popping up the past 24hrs saying this is the end of the bull market haha, or saying bitcoin will go to zero now, or saying investors could lose all their money now. Bitcoin bears are proven wrong every single time, but as soon as they see a red candle they think they were right all along haha! I feel bad for anyone selling now that isn't able to get back in lower. Bitcoin moving from weak hands to strong hands right now as the market establishes a floor probably around ~$30k.