I see something heavy and maybe difficult, when the price of bitcoin will touch $ 4000, then drop dramatically down. In your opinion, what is happening with the current condition of bitcoin. Is it because of the market that hasn't really recovered? or is there bad news?
Theres a weight when passing through previous prices, with sellers and buyers wanting to pass their hold onto the market which must then take on the supply of coins and rise anyway if higher price is to be the result.
Its not a negative for the price to hover like this, I would generally side with positive when it goes sideways. I come from more then a few years back when price was in hundreds so every time I see people thinking this price is negative, its kinda funny
It takes time to digest, dont take it too much at face value. Every market in existence has various phases occurring, if you think of tides and all the factors behind every wave thats your natural analogy and pretty close to the chaos of prices
On a daily view we made a low in December and I would call it neutral to positive since that point. The fact people are still not realising we are doing ok, for me marks us as quite positive. I could post another chart but not every likes or is familiar with the formats. I would mark 4500 as a 'gap window' its the ledge to a bigger rise that I would guess is about 6000 as a proper ceiling.