Hi,
lately btc got lot of attention and new comers. The price is going up, right, its no news.
So, in your opinion, what is the support price of btc ?
1.5k, 2K, 4K, 6K, 8K ? more ?
Is it meaningfull in the current mood ?
On which duration would you look to determine the support ?
For me at the average of $10k is the support price of bitcoin, bitcoin price will still go up and maybe until next year. For me our safety is on at the price of $10k, so save until we can have it and invest until it can still dump. But as of now it will just dump on $9k. I just want to be safe and just want to rely on $10k supporting price. I don't want to think of other than that.
Just think about the profit buying at 10 k will bring a lot of profit in future and as the prices get high people will think that this is the best thing and they will follow the same and will buy more and this will happen in future and I am pretty sure that price will rise with more faster rate in coming year and if a fall will occur at this time it will also help bitcoin to progress more because in fall newbies come and invest their money,