Quote from: dwyane36 on October 27, 2022, 01:41:14 PM

Quote from: babygun on October 26, 2022, 10:07:49 PM

Normally I would always be happy that bitcoin is going up but as I placed a bet on the range 17.5k$ to 20k$, I hope the price can drop below 20,000 before the end of the month and than go back up again lol. We saw it previous month, that the price, whenever it went over 20,000$ it always quickly fell down below again.

Of course, the current BTC pump can be called an unpleasant surprise for those users who placed bets on ranges below $20k. However, if you look at the chart on the 4-hour timeframe or on the daily timeframe, you will see that BTC broke the strong resistance. So now it looks like the bearish trend is gradually ending, and I guess we shouldn't expect BTC to drop below $20k in the last days of this month.

Having something like 24k+ by the end of the month wouldn't be that bad, wouldn't be shocking neither at this point. I am not saying that it will happen (I hope it does) but the price is breaking above the resistance, and there is none until like 25k or so, which means anything above 24k would be "possible".

Of course I am not expecting that this quickly, it may fail to go up that much during this period, and thats why I believe that we shouldn't be seeing it as sure thing but it is definitely a good possibility for people who wagered like that. I am an investor at first and gambler at second, so even if I lose my bet, I would still be happy for my investments.