Post
Topic
Board Speculation
Re: $35,000-$37,000 for Bitcoin in 2023 as my peaking barrier, is breakout feasible?
by
darewaller
on 25/07/2023, 08:35:09 UTC
I have sell orders at similar levels. I expect a sharp decline after Bitcoin reaches those levels or goes up a little more. The fact that it has stayed at 30k lately and that its price has resisted falling shows this. Of course, I'm not sure about this, but I made my own decision this way.

What I'm not sure about is what level it will drop to. I don't think it will go as low as 20k but anything is possible in this market.
I do not have any orders because I do not take profit, I keep investing as much as possible and that makes it a lot more important. I believe that it is going to end up with a situation where it will take some time and because of that we are going to have to face the reality that it will take some time before people could see some changes in the end.

If we live like we need to take profit constantly then we are going to end up with a problem and there is no reason for that at all, we could just live with what we have and just learn to love that. I know that it will take some time but we need to learn that. I have been holding for a long time and I will continue to hold bitcoin for more, no matter what the price is.