Quote from: molsewid on Today at 01:07:50 PM

Quote from: Mauser on Today at 10:37:07 AM

That was a pretty good analysis, after being around the 40,000 USD mark BTC actually dropped down to close below 30,000 USD. I think this drop was needed to show investors that the price is not only pure short term trading and can sustain such high levels in the future. At the moment we are at 37,000 USD again and back on track to reach the 40,000 USD.

As per the TA or Technical Analysis, bitcoin might reach 40,000USD again maybe starting next week but we cannot erase the fact that every Chinese New Year of their Dragan Festival correct me if I'm wrong the price of the coin fluctuates prior to that date, so I think we can see new patterns starting this Monday so I think it is very crucial for us to buy bitcoin right now, or you may buy of course I will not stop you but manage your risk.

The price is getting closer to that price, lets see if the bulls have the strength to beat the bears this time around and allow the price of bitcoin to remain above 40k, but just as bull are gathering strength the same is true for the bears they have finally found a price at which they can resist the bulls and this means that I expect a battle at this level that will last for weeks before we get an answer about which side will be the winner, but if the bulls happen to win this I really expect a massive growth and reach a price above 75k.