A lot of speculation on BTC

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Since the last 1 month we are observing the price of BTC going almost flat between 17K to 19.5k and there is speculation all over about where it could go from here. But truly no one can predict where it will go from here. Though the trends show good signs but when exactly again is a big question.

In 2017 I remember in the month of Jan when BTC touched 20K, everyone was under the impression that it will soar up further probably to 100K but it did not happen that way and exactly the reverse of expectations took place, that is we went into a bear market and have been in it since then. So is it now time to move forward.

Does it take one more dip before it starts going up. It's been consolidating in this range for a long time, and the more time it takes here is better for the good growth of the price. But all said and done, with all the analysis of the past trends still no one can predict with accuracy what it is going to be like. Though we can be hopeful of the good days setting in.

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With all the Covid chaos in 2020, one thing has been good that the Crypto market has been held up tightly, we did not see any major dumps as that was also expected. Everyday the analyst are making videos on their predictions. Everyone is thinking that the time is up for BTC to show some good momentum.

I feel, yes we may never see price of 3k and 4k of BTC ever again, we are much ahead of that curve but if it takes a one time correction dip, how low do you think it can go. Below 10K or it will now stay above 10k only. My take is that it will not go below 10k now. We may never see a 4 digit price of BTC ever again. And the BTC movement will also drive the price of all the other Alt coins. ETH is right now at 560$, do you think it is a good time to invest in it, or wait for the 1 dip which is expected. All the way from 12K the BTC dip is being speculated but now BTC has crossed 19K with just some small bumps, else it has been smoothly consistently moving forward.

I am desperately waiting for this 1 correction to make some investments. Do you al think it will happen, or that we consolidate at these levels and move up only from here. Share some expert advice with me to make my decisions.

Hopefully 2021 is going to be a good year for the Crypto market and all those who have been patiently in the game are going to be happy with the results.

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9 comments
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It looks like BTC hasn't gone beyond 20k before and from what you said I guess it's true.
You might be right about BTC not ever going to fall below 10k again, that would be a good thing cause we are all hoping for the best.
We know 2021 has a lot in store for those serious-minded people that doing well in the business.

And about the advice on your decision, you clearly stated experts. I am not one of those experts lol so I will leave it for them to answer that.
Do have a wonderful day and keep blogging!

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Yes, I hope the 2021 brings a boom in the price of all Cryptos. It's been a long time that a lot of people have been holding on to it and waiting for the right time. Let's see how it goes.
Thank you for visiting my blog :-)

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Yes, we hope!
We can only hope and wait.
Pleasure is all mine!

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I am waiting for a dip - but many are debating that, we may not see that. I am no expert, just wait and watch.

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Yes, I am also in doubt if it goes down or not, but yes hoping for 1 last miracle to make the most of it at this point of time.

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Thanks for continuing to make Hive awesome.

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