Quote from: TangentC on April 18, 2021, 05:37:07 PM

$55k, looks like they started selling again. Tongue

Since the last day price has been in the 50k ranges again.

Like I said in my previous post, miners will sell because they are in for the profit not for the technology. That was back in 2010 when indie miners existed and used their CPU and GPUs to mine instead of playing games on them. Some miners might be an exception but the majority of them are doing it for the cash.

Hence corrections will happen and the price will fluctuate. Until the next big news comes in there will be a soft-cap at 60k USD and that will be a selling point. Crossing this level can happen if another bullish news appears or some country sets up more liberal laws about crypto. But defenitely not the miners holding their BTC, they will sell at profit.