As I said in my title, I wonder what you are feeling? I am trying to read some news about bitcoin today and all I see is about its price and how it is nearing the $110k resistance level and how everyone is speculating whether it can surpass said resistance level. I am sure that investors come from different places.
Bitcoin going back and forth touching the resistance level again and again is an indication of it trying to break above the resistance level and making a new all time high. It should be noted that bitcoin despite been faced by negative sentiment in the market, it still hold up to its price and showing improvement of hitting another record high soon. The bull cycle still has a long time from now to get to an end, so I am optimistic the resistance level will break soon and bitcoin will hit a new ATH.
Some may think that bitcoin will not yet surpass $110k this month or even the next while some may be feeling excited thinking bitcoin is going to hit $125k soon. So, I wonder what most bitcoiners are feeling right now?
Bitcoin reaching $125K will most likely going to be how fast bitcoin reaches another all time high again and again as the bull cycle is still valid and we are approaching and breaking every new resistance level created by bitcoin. If bitcoin is able to break $110K, then my next speculative value will be it hitting $120K. How quickly I will speculate on it reaching $125K will also depend on how fast it’s able to reach and break $120K when the resistance there eventually gets broken during when the bull cycle is still valid.