
It’s funny how quickly the $40K calls return when $BTC has its first proper pullback. We rallied roughly 50% from the bottom. Now we’ve corrected less than 15%, and people are already calling for new lows. Apparently Bitcoin has to go straight up for the bullish case to remain valid. Recoveries have pullbacks. Price retests previous ranges, consolidates and builds higher lows. Where’s the actual argument for $40K beyond the fact that price is going down this week? My view remains that Bitcoin has new highs ahead before we see new lows again. It’s going to take more than this correction to change that. Bookmark the $40K calls. Especially the ones being delivered with absolute certainty. If Bitcoin recovers and breaks into new highs, watch how quickly those same accounts start telling you to buy at significantly higher prices. I’d like to see them explain what happened to $40K before giving everyone their next upside target.
