Quote from: Silberman on August 11, 2021, 04:39:20 PM

Quote from: sana54210 on August 10, 2021, 06:52:38 PM

Quote from: Silberman on August 08, 2021, 05:51:36 PM

Personally I'm just happy that the price is holding its own above the 40k level, we spent a lot of time below that level and many people began to become very bearish thinking that the market was not going to recover for years, but I'm glad that we are above that level after just a few months, however I do not really think that the price is going to skyrocket until we get close to the end of the year as the hype at that moment is going to be at the highest and the whales are going to take advantage of this and manipulate the market so they can earn even more money at the expense of newbies.

That's what I am feeling right now, I am happy that it is staying above 40k. I do not need to see it over 60k again, that is not really a priority for me because I do not care about that, but I do care about the fact that price is staying above 40k.

People need to realize that holding above 40k means a lot, and if it stays above 40k that makes the 40k+ period longer and longer, 1 day staying here means more days later on. Why is that? Because more and more people withdraw their selling price at top and add in a lot more buying at lower prices and that makes it harder to drop the price, that is a great thing and the wall building under the 40k level grows every single day, the more it grows the better it will be for all of us. I personally like not dropping more than I like going up because as long as price stays high, that means only direction will be either staying or going up, that is a lot more important.

I have in fact the very same thought process, people are always concentrating themselves on the price going up and I get it because who doesn't want their assets in which they invested to go up in value, however it is way more important to stay above the resistance level and the reason behind this is that it is widely known that once you surpass a level like that then it becomes the new floor for the price, so I do not really expect the price of bitcoin to go below this level, which means that there is only one direction the price can go and that is up.

the market is a little fluctuating today, some other altcoins are down a few percent, now holding between $43,000 - $44,000. previously yesterday had penetrated $ 46,000. can tomorrow be bullish again? for this I have a hard time predicting, for this week's closing price to what price I can't be sure.