Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
nullius
on 13/09/2020, 03:56:01 UTC
Well, in essence, we are witnessing that the 12th came and went, and surely there were some moment in which $10,501 was nearly breached, but we did not quite get a supra $10.5k closing, instead we got a sub $10.5k closing...

For the record, did we hit $10,472 at major exchanges?

Did bitcoin enter the Kangaroo market again? $10K seems to be its favorite playground.

All things considered, it’s been in this range for a very short time.  That’s not a trend.  People who are impatient for drastic weekly swings are far too accustomed to extreme volatility.

When I said before that the $10k range was “comfortable”, I hope that neither Jay nor anybody else took that as anything but optimistic.  Cheerful, even.  Those who predicted a sudden drop to $8k, $6k, or even lower were flat wrong.  Stability above that magical $10k line is good.  Those who short are getting spanked, whilst holders enjoy a store of value that’s doing just that.  Slow and steady...  The moon is still out there.