Post
Topic
Board Speculation
Re: Bitcoin hits near resistance levels... what do you feel?
by
Dave1
on 08/07/2025, 09:50:51 UTC
Personally, I am just trying to not get swept by all the hype and FOMO and still stay objective. I know that bitcoin will deliver me good profit regardless but I need to be careful with my money in these times as I am not a millionaire who can just buy bitcoins at any time even when it is at such a high price.
Still feel that this is not something that will adversely affect the price. $108k and $109k is the current Bitcoin price that is being traded. So, I felt that $110k could have happened this month. Even though it didn't happen, this is not the end of Bitcoin failing to reach the highest price because there are still a few more months for us to continue to wait to see how the Bitcoin market reacts.
It is precisely at times like this that it is best to continue to hold and wait.

There is a huge resistance on $110k that's why we can't get over it. Although I believed that maybe in our many attempts, sooner or later it will have to give in to us and so it will collapse and we are going to break that big psychological barrier in front of us.

So with that, we shouldn't feel bad ourselves. This is just another test for the market and for sure most of us who have been here knows that there are no mountains that we can't climb. We are very resilient to this kind of psychological barrier that we are going to break it, just a matter of time for us investors to pool our resources again. On the other hand, we should continue to accumulate no matter what what barriers is in front of us.