Two weeks ago everything seemed like we were on a bullish trend towards a 12K mark. Now we're all fearing a 5K resistance level. Thoughts?
In June most thought we will see new ATH in few months time. That is how it is. Bitcoin goes from FUD to hype and back in a day.
can't wait for that day.
To be honest I am also a little panicked seeing so many people expect a price of $ 5k. although they were very enthusiastic last June when the price of bitcoin touched its highest price and predicted that prices would rise higher, that changed suddenly when bitcoin prices touched prices below $ 10k, and now they are waiting for prices of $ 5k. Well, I'm sure prices will definitely be higher in the near future.
There is very less chance to experience $5000 in the prevailing market condition. The growth got disturbed when the price fell low to $10000. This hasn't caused a big market fluctuation as there is gain of good momentum around $8000. When the price fell low to $10000 this could've taken place, now it's time for growth.