Post
Topic
Board Speculation
Re: Bitcoin resistance and support price
by
lizarder
on 02/01/2022, 14:03:45 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?
So far there is no sign that bitcoin will move far from the previous price, the correction conditions that occurred in bitcoin, forced unstable and tended to last until now, but actually it's nothing to worry about, because the decline in bitcoin prices has not been that far, the current correction it takes so long to recover bitcoin in the market, being patient is the best key until the correction recovers and takes advantage of the pumping conditions for bitcoin, after that just sell the bitcoins that we have.