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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.
We can see and feel it now. While the price was reluctant to rise to $111k as it continued to stay at $109k, we are now in a market where the price is still holding at $111k.
This is a good sign that can encourage potential new investors that the Bitcoin market performance is encouraging enough if they enjoy it.
Even when some speculators say that alt season will take place, they can judge that it is not promising.
The truth is that Bitcoin is not just about how high the price will go up or down, but about how we respond to the market wisely.