Re: BTC Decided to Rest Under the Impact of $26,000

Quote from: sankalpkuamr571 on January 14, 2021, 10:21:34 AM

The uncorrected BTC price growth could not last forever. This is exactly the message you can see on the BTC chart today. After setting a new historical high of $41,950, buyers decided to go on vacation. This is evidenced by the daily candle on 9 January: As you can see in the chart, the active pressure of buyers on the price in the period from 5 to 8 January ended with the beginning of the weekend. The result of this holiday was the BTC price fall by almost 20% in 3 days. In the previous article, we expressed our concern about the ease of price moved down by 10% in an hour.

Cryptoknowmics

We can never not consider the fact that maybe the price that we are seeing right now is the new stable ? Who knows ? Maybe it won't go well beyond that level ?

Yes the correction might come for sure but at the same time this is taking too long actually and therefore I do believe that the bitcoins as a whole should have a pretty stable backup to be able to maintain such price at the same time as I see that tweets, people , institutions, they all think that we might go way beyond this ATH and this might happen sooner that we can think of.

Waiting for the correction for some people might be a golden opportunity but it might not be at the same time. Honestly if BTC right now fell below 30k people will buy like sheep's for sure and then the price will again jump high and so on.. because right now the market is very strong.