Post
Topic
Board Speculation
Merits 5 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
ivomm
on 03/02/2023, 08:08:14 UTC
⭐ Merited by El duderino_ (5)
So far 24K being rejected multiple times doesn't hurt much. BTC has plenty of time this year and the first half of 2024 to climb two more floors and stabilize around them - 30K-ish and 40K-ish.  For those who doesn't get my thought - by stabilizing I mean the median price yearly speaking. This means that for a short time the price can climb up much more but then it will drop back and stay there for a longer period. So, the year high could be 50K+ but the median price around 30K. This is what is important for the next bull market, not the spikes. I really hope this will happen, but there is still a possibility of returning to sub 20K prices if the resistance 24K holds for too long. Historically, however, prices far below a round number are not a psychological barrier, so 24K shouldn't be a problem.