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Learning & News => News related to Crypto => Topic started by: newshunter on December 29, 2020, 07:02:03 AM

Title: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: newshunter on December 29, 2020, 07:02:03 AM
As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader

Bitcoin price achieved a new all-time high at $25,945 following a large short squeeze in the futures market.


Source: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader (https://cointelegraph.com/news/as-bitcoin-nears-26k-btc-may-break-40k-in-the-next-impulse-wave-says-trader)

Would appreciate your opinion about this
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: Bobcrypto on December 29, 2020, 03:49:39 PM
Within a near future $40k may be achieved, but I think that $30k level is on the way and when btc touch $30k, then we may expect some price drop, following corrections before a bull run that may proceed to the $40k region starts.
I think btc is moving on gradual manner, on like in 2017, price  pumped within a space of two weeks and drastically crashed within 5days. Btc has actually taken a new pattern and I hope it sustain this price movement in 2021.
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: Istiak on December 29, 2020, 06:57:36 PM
BTC could exceed the 50k range either but the fact is when this will happens. This is the one question nobody knows. BTC hype is at its top points. Now fear and greed meter are at the top level. people investing in BTC in fear of market dump and this many happen because many institutes holds too many BTC to dump the market.
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: izarok on December 29, 2020, 07:44:28 PM
We can speculate a new all time high since we broke past the $25,000 mark. Usually the price would corrected but since it is hovering around $26k if the price stays there for a couple weeks or move beyond it we can assume that the "new" support is around 26k. Moreover, $30k by 1st Quarter of 2021 is not that far-fetch though.
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: Gravatai on December 30, 2020, 12:24:39 PM
Yes, you just need to take into account that the Bitcoin price can also drop to the $15 thousand. I am afraid that it is very difficult to guess, but I am positive and think that the Bitcoin price may rise higher than it is now
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: Abubakar56 on December 31, 2020, 10:35:05 AM
Quote from: Gravatai on December 30, 2020, 12:24:39 PM
Yes, you just need to take into account that the Bitcoin price can also drop to the $15 thousand. I am afraid that it is very difficult to guess, but I am positive and think that the Bitcoin price may rise higher than it is now
That's true that's why  have been telling people to be careful with bitcoin currently because anything can happen it can even dump less than $15k self.
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: Abubakar56 on December 31, 2020, 10:36:12 AM
Quote from: Gravatai on December 30, 2020, 12:24:39 PM
Yes, you just need to take into account that the Bitcoin price can also drop to the $15 thousand. I am afraid that it is very difficult to guess, but I am positive and think that the Bitcoin price may rise higher than it is now
Yes, you just need to take into account that the Bitcoin price can also drop to the $15 thousand. I am afraid that it is very difficult to guess, but I am positive and think that the Bitcoin price may rise higher than it is now
[/quote]
That's true that's why  have been telling people to be careful with bitcoin currently because anything can happen it can even dump less than $15k self.
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: codehash on January 02, 2021, 11:16:21 PM
We reached 33 thousand dollars. 35 thousand dollars can come very easily. 40 thousand dollars is expected as a possibility. We look forward to what bitcoin will do.  :D
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: Froggy on January 06, 2021, 08:48:37 PM
40K will quite easily be achieved under current circumstances. The 17% drop to 28K was eaten up quickly with further upside immediately after. Quesiton isn't if but when. After the recent correction we should go higher here before any correction kicks in again. Institutional investors are buying more than is currently produced and holding them in cold storage. They have much higher price targets in mind. Question is when they start selling as that is when BTC price will collapse. More or less all the institutional investors and their investment groups have the same prize target in mind, meaning a massive correction will take place then. 50% correction when that occur is not off the table, then it is just a matter of waiting for the next cycle.
Title: Re: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader
Post by: robelneo on January 08, 2021, 03:16:57 PM
Quote from: newshunter on December 29, 2020, 07:02:03 AM
As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader

<p style="float:right; margin:0 0 10px 15px; width:240px;">(https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvNGE4NTdmZmItMjRhZS00ZjI1LWJkNmUtMDBkN2ZkYmUxMWRjLmpwZw==.jpg)</p><p>Bitcoin price achieved a new all-time high at $25,945 following a large short squeeze in the futures market.</p>

Source: As Bitcoin nears $26K, BTC may break $40K in the next impulse wave, says trader (https://cointelegraph.com/news/as-bitcoin-nears-26k-btc-may-break-40k-in-the-next-impulse-wave-says-trader)


It didn't take long it's only two weeks but the price is now on the $40k level it's really a big pump and there's a big possibility that it will even reach $50k before the first quarter ends the Bitcoin community is now celebrating fior this milestone.
Would appreciate your opinion about this