Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Seems like $26,000 is the new steady-state price... For how long? "Please, Bitcoin, do something!" etc., etc.
It always locks on round numbers. Must be human psychology. Would be interesting to see the price lock at $26,450 for a change. Or, even better, lock at $264,500.
It always locks on round numbers. Must be human psychology. Would be interesting to see the price lock at $26,450 for a change. Or, even better, lock at $264,500.
(Most) folks just tend to be drawn to simplicity.
I confess, me too. "Buy and hodl" is my favourite
Back in the early days, I used to set limit prices based on the digits of Pi or other math constant. Like $314.159. It was fun to spot the transaction as it went through in the order book. Now I just do round numbers like the rest of us.
PS: This could even be an OPSEC issue I guess (but I bet there are many more OCD types out there)...
What do you guys think will happen? Will it hit 35k by the end of 2023 or it go down 25k? Waiting a lot for the outcome.