Still $50,000 in my opinion, yes it was broken but we didn't sustained it and now we are below that price again. So for now forget about $60,000 that will be too big for us to even go as the sentiments have shift to being bearish or least in the middle grounds of it.
On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.
On the contrary, last year there's not much selling in December as the price keeps climbing up. But we are in a different scenario for this year and we have to accept that fact.
Yeah, was a bummer for me too. Wasn't actually expecting 50k to be broken, but it did, and even touched 52 -- so a real bummer we pulled back quite a bit in the final hours of 2021.
It's all really tricky now, as always, never enough volume (selling or buying is paltry really) to push a decisive move in either direction.
Not even sure if January will provide any clarity either.
Agree, it will be a very difficult month again for us this January, as there are no clear path as to where investors wanted the price to be. There might still be some who will push the price, but majority seems to be selling at the point of every bounce back (like the $52k price that we've seen last week).
So we are threading in a dangerous water so to speak, and might not actually be in the middle ground but more of tipping on the side of a bearish market.
