It was reached in a huge value.The investors at that value of 69k dollars was still holding their bitcoin for the pump.But the thing is their was half the price was reduced from the 69k dollars.It was struggling to reach back of 42k dollars.So it's essential one for the investors at high to keep your holding for the longer period.Incase, you was new trader. Looking this trade means, kindly buy of 2 bitcoin for your retirement.
Or if they didn't sell at the top, it's better to continue to accumulate when the price goes below $40k. Resistance along this price line is very strong, as we're having a difficult time to break it. And if we do break it, the price will not stay that long as short term traders takes advantage and sell to make a quick profit. And with this kind fo scenario, it's better to really just buy bitcoin whenever you can for your retirement or just for your future and for your children's future.
I do believe that the strong resistance is a bit more relaxed these days. I would like to actually believe that there is a good chance that we could drop under all the supports very easily. Because of this I believe that resistance of 40k, or anything under is not really as strong as we believe it to be strong. The reality is that we are not really doing all that well against resistance points at all.
This is why I am not really hopeful whenever I see these type of situations arise, and people getting hopeful about them. The good news is resistances are also not that bad neither, supports and resistances are there for show if you ask me, we can go under or above them easily.