Quote from: JayJuanGee on May 09, 2020, 11:35:26 PM

Quote from: GaretJohanKay on May 09, 2020, 07:50:51 PM

Since this time are more miners and future contracts, even if bitcoin falls under $5000 don`t will be there much time. The psychology of the market maybe will make that the people hodl, more time than other times. But if with this crisis large reputed investors intereset in bitcoin like the case with Tudor, That will become a new resistance and also the use case that cryptocurrency is bringing all over the world. So I think the trick here is find the fundamental reisistance

Seems to me that when you use the word resistance, above, I think that you are meaning to use the word support.

When we refer to the lowest price that we believe the BTC price can go and it being held up by that, we are referring to support.

When we refer to the highest price that we believe the BTC price can go and it being unable to go above that, we are referring to resistance.

Yeah, thanks for pointing out.