it seems the opportunity re-emerged when the bitcoin price hit $50000. although still not too sure about this situation, but still relaxed about this while accumulating assets may be better than stressing about the price that could fall at any time. maybe if a few days the bitcoin price stays above the $50000 price, we might be able to see the bitcoin price again being resistant in the $52000 - $55000 range. slowly but surely, let's hope the bitcoin price can reach $85000 even $100000
And we're back to making a serious threat to leave 50k behind not as resistance but as support.
I know, I know, early days, it's barely mid-week and we actually have a long way to go to put some distance behind us. Volumes need to be bigger, and time spent at least on a 7-day average need to go up, but we're finally seeing some support for the lowering 200MA, which is always good news for me.
Let's see. even within 2 days, the price actually went up to the $55k range. for now, it looks like the price will continue to rise, and the next target is $60k to $64k. however, if the bitcoin price hits $64k this month, the potential to hit $85k is imminent. if some investors, or some positive news comes out, I think a price of $85k to $100k is a very possible thing this year.
hope no more banned news from China. oh god, the news always works to make people panic.