Quote from: Silberman on December 03, 2021, 07:16:02 PM

The support level at 50k is very strong so I am not worried about what we are seeing, I understand that there are some people that would like for the market to begin to grow already, but take this time as an opportunity for buying bitcoin at relatively good prices before the market begins to skyrocket again, now if you do not have cash around then that is problematic as the only thing left to do is to keep holding your coins, but it is better than the alternative of selling them and then have no coins when the price begins to go up.

I could have said it before as well but we managed to break down under the support level, it does happen and it is not a shock. Realize that bitcoin is something that is volatile and fragile at the same time. That is how we manage to go up a lot in price and that is how we manage to drop a lot at the same time as well. If the support and resistance levels were that much hard to crack, then we wouldn't have months where we go 2x higher, but at the same time we wouldn't be able to fall too much, even though not dropping sounds great, not going up like that is not great at all.

The reality is that we can go up a lot, and we do not care about resistance points, whereas we also do not care about support all that much neither and we drop down a lot. This is why anything could happen, we could be under 50k, we could be over 70k, that is how much volatile we are in the crypto world.