Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
To date, the situation is bad, I think that we can go to a local resistance level of ~ 10000, but there are no forces to overcome this level.
After that, I expect a decline and a hike to 8000, and possibly even to 6000.
Level 4000 can only be achieved with a regular stream of bad news and panic from sellers.
After that, I expect a decline and a hike to 8000, and possibly even to 6000.
Level 4000 can only be achieved with a regular stream of bad news and panic from sellers.
What is so bad about where we are at currently or even the possible scenario that you presented, that may or may not happen?
Sure, we might go down, but then again, we might NOT... Instead, we might go up, or maybe sideways.
You just described one possible scenario, but does not deny that we are in a decently good place right now (as I type), and we might go up (such as to $10k likely seem to believe that there is some kind of difficulties getting above such price point but you did not really provide any reasons beyond your belief that there is not enough buying pressures.... or outside of your hypothesis we could go to $17,250 or to supra $26k-ish, or we might go sideways instead of going down or up from here.
Something seem to be missing from your mere proclamation, sovkysom39. I have heard those kinds of doubts many times, right before we get our break out to the top, while some doubters were proclaiming that there is not enough interests (or forces as you say) to push the BTC price UPpity.