after a long wait and many tries to break the $70k resistance, finally it was broken on Oct. 29 and after a quick shake to get weak hands out, we started rising back up again.
but all that wait also meant a massive accumulation of "money" that was waiting for the first positive signal to jump in and start buying bitcoin up.
now we are seeing how price keeps shooting up to almost $90k as people FOMO buy bitcoin...
do you think this is the start of the BIG rally and next bubble? what will be the peak? $1 mil?
The $70k has never been the issue as Bitcoin broke it upwards many times and even had daily and weekly close above it. The true barrier was at March's ATH of around $73,850, but thankfully, the level has been breached successfully due to the US election. This should continue until a notable ATH is created which might also be difficult for Bitcoin to break. Our prayer should be that the level should happen nothing earlier than the Q2 of 2025, by then, Bitcoin must have made a significant bullish impact which might have resulted in a price above $100k. The liquidity shortage I complained about seems to be winding down, so hitting $100k is more feasible than before (hope).