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Resistance: $7,600-7,800 should be a major obstacle now

Yeah we did see the price hits $7800 but the OP is correct in calling that this is a big psychological barrier because it was not sustainable as the price goes down to $7300 again.

Quote from: jostorres on November 27, 2019, 07:28:42 PM

Well like they say, Bitcoin is unpredictable. Have you checked the price of Bitcoin today? You can't compare that what we had in the last two days or last week. The price of Bitcoin was already down to $6,500 before coming back up to $7000 and today it has reached $7,500. I was already seeing some people predicting that the price will fall back to $4000 but that never happened.

Nobody can ever predict what will be the future of Bitcoin, it's always something else at the end. This is one of the reasons I always hold strong when I invest for the long term, because I know that people will always make the wrong prediction and say things that will never happen.

And that's what makes this market very attracted to most, specially those whales because they can play us and make us fool thinking that the price will go on this direction, but then again, those manipulators works this magic to pull the price again. And I agree that long term holder at this point is a bullet proof strategy, no stress on your end, you just have to wait till the market goes into another bull run next year, specially after the block halving.