Post
Topic
Board Speculation
Re: Why there is so much resistance at $23k price
by
BitcoinPanther
on 18/08/2022, 21:34:59 UTC
Bitcoin market prices have witnessed a lot of resistance and several attempts to make a head up the price of $25k after several weeks of a downtrend, there have been a lot of speculations surrounding the present market situation. But with the right thought and analysis, I am sure if Bitcoin could break the present resistance price moving upward would be that hard anymore.

It isn't the right thought and analysis that fuel the Bitcoin rally.  It is the participation of the institution, FOMO-ing of traders and news affect the movement of Bitcoin.  So if hype and FOMO is present, I bet that $23k will get eatin easily.  Bitcoin had done that for several times now.