We have been at around $8000 for two days already with minimal fluctuations. We have flatlined at that number.
The price of $8000 seems to be a huge barrier for Bitcoin.
What is going on? Should we expect Bitcoin to go above 8K and land on the Moon, or is there going to be a very serious and devastating dip down to $4000?
Discuss.
Even if we are finding a resistance in 8k it is a positive sign that I can see that investors have started to buy altcoins so the money that are invested in the market stays in there, and they do not cash out.
If we continue to move around 8k and stay near this price, then it will be about time to break the resistance and soar in higher levels.