Quote from: Olatundespo on Today at 03:56:37 PM

Quote from: bitcoinmaze on June 22, 2025, 08:41:55 AM

🚨 Huge Resistance Near 110K — BTC Could Crash Down to 80K in Coming Months. What do you think?

Do you have any valid reasons for this? I think you have no reason left. I think the price of Bitcoin has the potential to increase more aggressively. Such misleading information does not increase the fear trend for Bitcoin investors but rather entices them to accumulate more because most investors are expecting bearishness for more accumulation. If that expected dumping comes, it will encourage investors to buy more aggressively. So that the accumulation and portfolio UP through the DCA method will decrease and more holdings will increase. A bearish period is a great time to get more Bitcoin for a relatively small amount of dollars.

To be honest, the price of Bitcoin has the potential to increase more aggressively because the current time is very favorable for the global economy. The price of Bitcoin is currently uptrend, although it was in a volatile state a few days ago due to the impact of the war in the Middle East.

Well you are strongly of opinion as to where the market is trending and that is not with out reason. We have had a long experience of how Bitcoin tends to act in opposite to stiffer forecasts. Using charts alone and neglecting market psychology and buying pressure by local community that would actually increase on the fall of price has been done by many people. When you note that the recession actually enhances the buying desire, that is not sheer supposition. We have observed that in 2020 and in the beginning of 2023.

I do not believe that the shift to 110K deserves so much fear. Correction may come but it does not indicate that it is the end of the uptrend. Actually, this is a chance to become stronger when it is uncertain by others. We must not be easily influenced by people who are out to seek immediate sensations without consideration of the bigger long-term picture.