Please enlight me.
The point is, as by the technical analysis wizards, that if many people believe that some number is a signal of downtrend, it will be a signal of downtrend.
It can be true or it can be a nonsense. I do not care abouyt magic numbers as well and I am pretty sure we have many fundamental factors that affect btcprice every day, that it is not important.
But who will decide is the market. And on the market it will be not equally all the people, but people with money, who will decide if 275 or 10K price is important.
Correct. The market price is a reflection of buyers and sellers psychology (among other things). The numbers themselves dont mean anything, its how people react to them.