Post
Topic
Board Speculation
Re: Bitcoin will drop to 20k is not time to buy btc now
by
skarais
on 29/04/2021, 19:24:14 UTC
You mean buy now even at a correction level is still a bad idea?, where are you from man?, i though buy at correction should be encourage than at bull-run. If bitcoin price drop to that level you predicted @- $20k, what "%" do you think we will be talking about?, it's better to wait for the 30% most of you predicted.
I think bitcoin is still possible to go down to the $20K level in the future, but not for now. Price increase are still possible at this time even though the market appears to be experiencing a correction. There is still a lot of support from institutional investor at the moment and therefore I don't think bitcoin price will drop below $40K any time soon. Some information says that Tesla sold some of the bitcoin they owned between January and the end of March and those are some of the reason why the correction occurred. I believe only big sale will bring bitcoin down to $20K.