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[onlyprofits]

A blow-off top is a rapid increase in the price and volume of a security followed by a sharp fall, in the case that interests us many experienced traders are opening short positions expecting it to happen in the next 2 weeks, but for now they are in the minority , but taking into account that 2.3 billion futures in Bitcoin expired at Christmas and this type of situation always brings strong turbulence in the market.
What do you think about a possible sharp drop in Bitcoin prices?

 

[Wisdom01]

I think i was expecting a sharp drop in the price of bitcoin when it gets to $200000, but it didn't take place , and still yet the price increase further , so i think that a sharp drop might not show any time soon , it would continue to increase

 

[onlyprofits]

I think i was expecting a sharp drop in the price of bitcoin when it gets to $200000, but it didn't take place , and still yet the price increase further , so i think that a sharp drop might not show any time soon , it would continue to increase

Yes, but the blow-off top is a strong correction when the price has risen very quickly as in fact happened when it reached the top of $ 28,400, but there are predictions that on December 30 it may reach $ 30,000.

 

[aryan4]

Maybe there are big falls as you said.
There will certainly be adjustments in small prices, but I do not expect a sharp decline in a market where so many institutional investors flock.

 

[onlyprofits]

Maybe there are big falls as you said.
There will certainly be adjustments in small prices, but I do not expect a sharp decline in a market where so many institutional investors flock.

For now, institutional investors are on vacation, this increase is due to the increasing number of small investors. What is true is that Bitcoin will continue to rise, not without first having its small price corrections.

 

[Wisdom01]

Yes, but the blow-off top is a strong correction when the price has risen very quickly as in fact happened when it reached the top of $ 28,400, but there are predictions that on December 30 it may reach $ 30,000.

True the main target now is the $30,000 and i think what happened when bitcoin price got to $20,000 might repeat itself again , because the price would keep on increasing further to $40,000 , so going back to $20,000 and falling further won't be possible i think

 

[Brain]

The truth now is that nothing is ever certàin with bitcoin. Thé prediction of this year never mentioned what we are experiencing nów. So witu it's fluctuations anything is possible but I'm forsee a crash soon

 

[aryan4]

It is logically correct whether prices are moving up or down. It will not rise forever, nor will it fall forever. There will definitely be a correction in the price, but I definitely don't expect a high drop.

 

[onlyprofits]

True the main target now is the $30,000 and i think what happened when bitcoin price got to $20,000 might repeat itself again , because the price would keep on increasing further to $40,000 , so going back to $20,000 and falling further won't be possible i think

I agree with you 100%, and the values of 20,000 will be a thing of the past, but for now the capital injection is due to small investors, since institutional investors are on vacation

The truth now is that nothing is ever certàin with bitcoin. Thé prediction of this year never mentioned what we are experiencing nów. So witu it's fluctuations anything is possible but I'm forsee a crash soon

Hey, I would not go as far as an accident, only that behavior is expected as normal when the price rises so fast, I see that there will be a correction but then it will continue to rise, the market is as you say, it is very dynamic and never you can be 100% sure

 

[onlyprofits]

It is logically correct whether prices are moving up or down. It will not rise forever, nor will it fall forever. There will definitely be a correction in the price, but I definitely don't expect a high drop.

I could not tell you, I only published what the experts say on the subject, but what is true is that Bitcoin will continue to rise in price and is an excellent investment to safeguard capital.

 

[Sincere66]

I think i was expecting a sharp drop in the price of bitcoin when it gets to $200000, but it didn't take place , and still yet the price increase further , so i think that a sharp drop might not show any time soon , it would continue to increase

I don't think either, because it supposed to take a troll back when it was still at $20k. But it didn't happen, I don't think that kind of sharp drop in the price of Bitcoin will surface any time soon.

 

[Ifeayomi]

Yes I believe and know that bitcoin will blow off because of the way the world adore it. But when it was first lunch no body want to get involved but with time it has become something even 15yrs to come the world will still be considered it has the best crypto to other one in the market to invest there money on it.

 

[onlyprofits]

Yes I believe and know that bitcoin will blow off because of the way the world adore it. But when it was first lunch no body want to get involved but with time it has become something even 15yrs to come the world will still be considered it has the best crypto to other one in the market to invest there money on it.

At the moment there is incredible enthusiasm for Bitcoin and although institutional investors are on vacation, it continues to increase in price thanks to small investors. For next year a fall in the dollar is expected and therefore the migration to BTC will be greater than at the moment

Bitcoin price is unpredictable,it is rising incredibly now it may continue like that and also there could be a sudden decline in the growth of crypto currency.

There are already too many institutional investments, that is, from large investors and therefore that generates greater confidence, resulting in many investors turning their gaze seriously towards Bitcoin.

 

[Sincere66]

At the moment there is incredible enthusiasm for Bitcoin and although institutional investors are on vacation, it continues to increase in price thanks to small investors. For next year a fall in the dollar is expected and therefore the migration to BTC will be greater than at the moment

There are already too many institutional investments, that is, from large investors and therefore that generates greater confidence, resulting in many investors turning their gaze seriously towards Bitcoin.

Yeah, their are too many of them that made Bitcoin a renowne coin, boosting it's price to reach all time high. I still believe more institution of investors will still emerge, since seeing the progress of Bitcoin.

 

[onlyprofits]

Yeah, their are too many of them that made Bitcoin a renowne coin, boosting it's price to reach all time high. I still believe more institution of investors will still emerge, since seeing the progress of Bitcoin.

There will always be more institutions that will invest part of their money in Bitcoin, only that these days most of the institutions are on vacation to trade Bitcoin, these days the small investors are the ones who have brought the price up to where is it

 

[Wisdom01]

I don't think either, because it supposed to take a troll back when it was still at $20k. But it didn't happen, I don't think that kind of sharp drop in the price of Bitcoin will surface any time soon.

Yeah thats it , the only problem could be those whales but i think when whales make it fall to $20,000 , i think more people would want to buy again ,since they feel its the major dip

 

[Ewogboka]

Do you know that most whales holding large amount of bitcoin invested not that they mined it so they won't be willing to flood the market like miners do

 

[Sincere66]

Yeah thats it , the only problem could be those whales but i think when whales make it fall to $20,000 , i think more people would want to buy again ,since they feel its the major dip

Lol, the problem is those whales I agree with you. People find it hard now to invest now that the price is high. They feel that immediately they buy it, whales will just fall everything down. So they prefer to keep their money and wait for the price to drop drastically low, so they can invest again.

 

[Josemendez]

I think this particular trend of Bitcoin can't be predicted at all because it has gone beyond the price at which people expect e it to drop and it is still rising

 

[onlyprofits]

The rise in the price of Bitcoin has been supported by a large number of small investments, the whales are still enjoying their Christmas season, it only remains to see if the BTC reaches 30,000 on December 30.