There will always be psychological barriers..we don't know what to do with total freedom...we need barriers and reasons to keep comparing ourselves with others...ohh, the power of the crowd
indeed, no one would pay $1000000 for a bitcoin at the moment, people seek validation from those around them. If most people are buying at $59.95 no one wants to be the first person to break $60 (i am aware that $60 has already been broken)