Following Bitcoin price, since April 22 we’ve seen it fluctuate between $91500 and $94500 and many are monitoring its price movement. Traders are uncertain and finding it difficult to predict its next major price action. Personally, i keep thinking if the price consolidation will end this week and hopefully we see a break through above $95k.
What’s your opinion, do you think it will pass above the current resistance zone of $95,000 in a few days or not ?
As you said that traders find it difficult to predict the next movement it determines that we don't know what's going to happen so we can't be so sure if this price mark will get hit by Bitcoin by this week.
There's still a great possibilities that it will happen since somehow Bitcoin is showing a bullish movement these past few days. But I really don't care if it cross to that price or not since my main focus for now is to buy Bitcoin and hold it. Trading for short term with Bitcoin is not in my sight since I always think that this is just small movement and there's provably more to get if we just have patience to deal with Bitcoin for long term.
In general I think like you, ultrloa, but after the last dip well below the 80k range, some people can feel tempted to take some profits as the price is approaching to the 100k again, for fear that it will fall again if it does not overcome that resistance.
We've always seen in the past cases of people trying to time the market and selling low, buying high... in the end, the best strategy has always been to hold, but, as you said, we don't know what's going to happen next, so everyone makes the decisions they have to make.