That would have been 2022.. 2023 was a walk in the park compared to 2022.. even though surely clown world has continued to be pretty outrageous in 2023, that's for sure...so yeah, maybe you are referring more to overall circumstances, rather than BTC price performance specifically.


What is the "crypto community?" 

Are you sure that you are in the right place?


That earlier wall was really BIG, so I would not mistaken a "little wrinkle" for the same thing. 

It seems to me that if the $48k-ish sell wall ends up getting redeployed (even at a different price, maybe $53k), then we likely would not have any difficulties in clearly identifying it.


I hate to be all "technically" on you, but if you look at Bitstamp 3-day candles, somewhere around March 25, 2022, we had reached $48,234. 

https://bitcoinwisdom.io/markets/bitstamp/btcusd

To the extent that it even matters.. I still consider in the ballpark of $55k to be our meaningful resistance point that differentiates where we are at and getting into noman's land.. yet at the same time, we know that bitcoin price points do not really play out in scientific ways, even though the TA guys will frequently make such claims, and surely there will be buy orders stacking up at various support points and sell orders stacked up at various resistance points, so I am not going to completely deny BTC's price dynamics that end up happening when those support/resistance points are broken (largely a period of unchecked price movement).


Seems like a stretch to just assume that we go to some place in the middle of noman's land without attempting to address what happens prior to entering noman's land, which is right around $55k.

You are presuming just getting through the $50k to $55k arena without any correction?

Yeah, of course, it is possible, but seems that there would need to be quite a bit of volume for that to happen.. and yeah, sure something like 14 Bitcoin spot ETFs getting approved within a week or two of each other (maybe even all at the same time) could facilitate such temporary trade volume to break through that.. but I would not just assume such a breaking through based on mere chart squigglies.