It seems to be holding. Usually it will break resistance and then all the sell orders bring it back down. I would have expected a hard bounce down from 50
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It seems to be holding. Usually it will break resistance and then all the sell orders bring it back down. I would have expected a hard bounce down from 50
Obviously the market price of any asset or crypto asset rises and falls, because that is what market fluctuations are like. A healthy asset doesn't go up forever, but it doesn't go down forever either. What we are talking about here is the sustainability and profitability of the BTC price over time, and I think that is more than evident with everything that is currently happening (something especially important in the year of the halving). As for resistance and supports, everything is relative, because when BTC wants, it melts supports and resistances like a hot knife melting butter. In fact, BTC has blown up several resistances in recent days and that is undeniable. We will probably continue to see similar behavior in the coming days, or perhaps we will see some downward fluctuations, but what is clear, at least to me, is that the price of Bitcoin is going to continue to rise. Thanks for comment.