Currently the price of bitcoin has actually touched $64k which is basically long overdue. Then $64k immediately became resistance because not long afterward the price retreated again and was corrected to $58,700. I guess there were a lot of holders who got out on today's upside since they were stuck at the previous ATH, but such panic is really disappointing.
Halving is getting closer and they have do accumulate. When the price corrects by several thousand dollars, it is a good time to accumulate because they will collect more. Right now I'm not worried about a correction as the price will test the new resistance level later soon. Buy hold and wait, it will be something good after the halving.
There was indeed a rejection but it didnt take look since it did make some recovery afterwards, we are now playing around 61k again and starting up to climb up. I have some thoughts or basing up on technicals
i do have some thoughts that it would be able to have some bump or rejection on 61180+ but it did make some break out and almost reaching out 64k and with that then i do already have thoughts that it would be directly be reaching on ATH but it seems that it wont really be that easy but who knows?IF this price rally would really be continuing then we might be able to see before halving period but i do have
some doubts that there would really be some correction or price decrease on near halving day but well we dont actually know on what would happen on this particular moment.
Cant really that blame out into those people who are really that skeptical into this kind of increase on which i could say that it is really just that too fast.
Yesterday's highest price was $64k before correcting and recovering. I just think this is normal because people who take quick profits have to get out before long-term holders. Most of them are still very confident that the price will not stay above $63k so selling for a while is the best option before reinvesting at a lower price.
For today the price seems sideways between $60k to $63k, but I think people need to maintain their optimism in anticipation of a higher move in March. Ahead of the halving some of them still believe in a correction below $60k, but I don't really expect it.
Currently the price of bitcoin has actually touched $64k which is basically long overdue. Then $64k immediately became resistance because not long afterward the price retreated again and was corrected to $58,700. I guess there were a lot of holders who got out on today's upside since they were stuck at the previous ATH, but such panic is really disappointing.
Halving is getting closer and they have do accumulate. When the price corrects by several thousand dollars, it is a good time to accumulate because they will collect more. Right now I'm not worried about a correction as the price will test the new resistance level later soon. Buy hold and wait, it will be something good after the halving.
What is there to worry about and there is no reason to panic even though the price has already penetrated $64k and has corrected again to $58,700 or more below. We have seen delays and bitcoin touched the previously delayed ATH, as a form of bitcoin's strength and fundamentals, someone increasingly believes that this volatile asset will be an innovation that is never easy to predict. The four-year cycle increasingly makes people believe it is real, although there is no doubt for those of us who have been here for a long time. I am sure that there were many people who doubted the cycle before they saw the current highest price increase.
Buy and hold back the bitcoin assets that we own and we will again see possibilities beyond logical thinking. Even though the accumulation is now at a much higher price or you can also wait a few days to see price developments. After that, make an accumulation decision and it's best to use all the money you have from previous profits to buy.
Of course, there's nothing to worry about and I personally didn't sell anything despite breaking $64k yesterday. Higher returns in the long term is something I hope for and I don't think of it as greed because of its huge potential.