Post
Topic
Board Trading Discussion
Re: What is Bitcoin up since after Dump?
by
Bagaji
on 21/11/2021, 11:25:14 UTC
For me, a danger for Bitcoin once Bitcoin will close the daily candle below $50,000.
Especially the monthly candle closing is fast approaching, with few days left. And last month of the quarter or the year, these days is a very important date and time for Bitcoin. It's like the deciding part, even Bitcoin won't reach $100,000 this year, my only wish is don't close below $50,000 when this year ends.
Yes Bitcoin may not reach $100k before the end of this year I have taken this position in some of my post in the past though not that something bad for Bitcoin but based on the current trend and also not seeing any influence that will push button to $100k before December ending. Another bitter truth is that Bitcoin price may go down below $50 before end December this year because very soon many people will start selling as they might need cash for Christmas celebration.