Post
Topic
Board Speculation
Re: $30000 is becoming the resistant price
by
ShowOff
on 09/08/2023, 20:23:50 UTC
In my opinion, Bitcoin is engineering liquidities above $30k and will likely soar $33k before it crash or consolidate again. If ut manage to stay above $35k then we might wont see $25k below level again.

So if the $35k doesn't get breached, then do you think we'll go lower than $25k?
No one can say for sure how high and how low the price of bitcoin will be, that's too difficult although some predictions find a decent degree of accuracy. The price of bitcoin keeps on fluctuating all the time so there is no certainty that it won't go down even if you see $35k being breached.

We have found that it is still easy for bitcoin to lose thousands of dollars in value just because of negative news or when FUD goes viral. Even if at some point the price had recovered and broken the $35k resistance, it was always possible to see the price right below $25k if something bad hit the market.