Post
Topic
Board Speculation
Re: Is Bitcoin at new heights
by
adaseb
on 29/06/2021, 05:56:42 UTC
After the bottom of $28,000, now to $45,000, will it continue to rise

No. It will not continue to rise to $45k.

Well if it goes to the range high of $41K, I can see it going to $45k. The real resistance will be more in the $56K and the $64K ATH. I think there are many bag holders that bought in the $56K area, who almost lost half their investment who will want to get out at break-even. Even if not break-even they will sell some to lighten their load.

So if we go quickly to $45K, I can see there being resistance in the $50-56K region. Then we might pullback and go back to the $30K's and test it again, and maybe at the end of the year we might go after the ATH again. Right now there is just way too much hype for this to be sustainable in the short term. Maybe in 2022 we will see a new ATH however $100K will be a tough nut to crack.