Post
Topic
Board Speculation
Re: Bitcoin resistance and support price
by
Silberman
on 03/12/2021, 16:34:39 UTC
I am not ready to sell my bitcoin because I know its price will increase back, I do not mind if it will take time but I know it will increase back. But recently the price of bitcoin has been decreasing, before it was at a resistance of $60000 but now it is at a resistance of $55000. I am thinking bitcoin price may never increase for now back to above $60000. The support is strong at $50000 and bitcoin has not falled to the level at all but is this not the begining of the bearish market?
Do not worry too much about what is happening in the market, it is true that the price is not moving as fast as what we saw during the 2017 bull run, but we must understand that right now the market cap is many times higher and this means this bull run has to move in a slower fashion, it is likely it is going to take until 2022 in order to see the true potential of this bull run, so keep holding your coins as if you sell them too son that is something that you may end up regretting.