Quote from: Orpichukwu on September 08, 2025, 10:28:50 PM

Quote from: mich on September 07, 2025, 04:18:50 AM

Well I do think it will be something bad to happen if we are going to see price of Bitcoin back down to 10,700. There is alot of 'bullish' trends and the momentum is that we will see more gains soon.
Not a 'correction' like this that will take us down alot. There is good support at 110k. When price does go down below that well it does not stay down there for a long time.

If not, I don't see that happening, but you see $107,000. I don't see it as something really hard to fall down to, or even below that, and it can also quickly pull off from there again.

If it wasn't hard for Bitcoin to fall below $107,000, why didn't it fall below the level eventually after tested closer for many days amidst the undeniable bearish trend? The answer is simple, that level is so protected by the Bulls. Bitcoin didn't even hit it, let alone breaking it, so it is strong, not otherwise.

Professional, I see the level at $107,370, and not even $107,000, though they are close. It was at this level that a quadruple bottom was created, and I hinted in one or two of my earlier posts here. The market hardly break a quadruple level in my experience. However if broken, it would have even been a disaster for the market.