Bitcoin the best. What a spectacular growth.
Today, for the first time, we touched the next level of resistance at $46 000.
After all, no matter what anyone says, the levels are a force. Bitcoin for 20 days showed +50% . Amazing !!!
To all who held, not giving in to panic and not selling their coins on the cheap, a solid bonus arrived, for their faith and expectations.
I present the emotions of those who did panic and sold their bitcoins for $ 35-30k...
Yep...
For sure there are folks who sell their coins on the way down, fail/refuse to buy when the prices are low and perhaps even believe that the BTC price is going lower, and we are currently experiencing a decent amount of "on the grounds" information that the bottom is quite likely to be in.. sucks to have been a seller rather than a buyer at those low $30k prices, and surely the less severe of negative scenarios would have been to merely have been a HODLer during those trying times and relatively lower BTC prices, so long as sufficient and material quantities of purchases of BTC had already been made at some earlier point(s).
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I see tons of resistance as we battle back to 63k and finally to my promised 70k (promised for May 1 2021) better late then never.
You are not likely saying anything much different than anyone else in these here parts.
Sure, it is possible to go shooting back up to $63k and even to $70k, but those would likely be outlier-type scenarios.
So, if we get some resistance at some point in the upper $40ks to the lower $50k, that would not be unusual in a case like this in which we have already experienced more than 50% BTC price appreciating in less than 3 weeks and without any real or meaningful price correction along the way.
So surely getting back to the OLD ATH territory or even the UPPER part of the OLD price range would not be any kind of easy-peasy given - after having had gone through with a 56% price correction as well as more than 2.5 months of being somewhat stagnated in a largely 40% to 50% correction arena (of course, measuring from the $64,895 ATH from mid-April).
For sure, it can be dangerous to presume UPpity without experiencing any resistance coupled with the UPpity, but hey you never know in bitcoinlandia regarding what is going to happen, and sometimes we do get UPpity without any significant/meaningful corrections along the way, and that surely ends up fucking over a lot of bearwhale twat peeps who continue to place shorts and continue to get wrecked and sooner or later they give up placing those kinds of ongoing shorts, and then maybe at that point, the BTC price goes through some kind of meaningful correction in the 25% to 35% arena.. perhaps? perhaps?
A lot of ways that short-term BTC price momentum can play out, and surely many of us still appreciate that there are longer-term underlying BTC price dynamics that continue to put UPpity pressures on BTC price, whether normies account for those underlying BTC price dynamics or invent their own BTC price prediction models that may or may not end up playing out.