Quote from: LogitechMouse on Today at 01:31:15 PM

It went up to the $50,000 just days ago and it is going down ever since (currently on sideways).
In short, it is just a false breakout and it just shows that $50,000 is a strong resistance right now and that is the spot where people are selling most of their holding causing the price of Bitcoin to go down.

Will it last until the end of the year? I hope that it will and for sure many are happy if that happen but just be ready if the worst thing happen. When things don't go the way we wanted, those who are ready for it are the ones who are gaining the most profit. Staying above $50,000 for days to weeks will be a good sign and it will try to pierce the very peak of it which is near $60,000. Right now price of Bitcoin is at $47,000.

I would say that staying above 50k may or may not last until the year, but I am pretty sure that it will do fine for now, it is not looking that bad to be honest. Just because it had a small drop doesn't mean that it will continue down that path, it could fix very soon and very quickly which is why I do not think that it should be worrying to see it like this.

I get that we are not doing something extraordinary with 40-50k movements, it goes down and up and down and up constantly and that is totally similar to the 30-40 we were in between just a month or two ago. However we should realize that last time it resulted with a big increase later on, suddenly from 30k to 45k, why not have the same thing, goes down to 43-44k and then suddenly goes to 55k+ prices? It could totally happen and in that case the increase will continue down a lot. We are getting to that last quarter bitcoin loves so much, anything could happen.