At this point bitcoin has proven that it shall not be tamed.
Any smart short seller is keeping his money out unless he hates having it.
Short term resistance expected at current levels of $55,800
OR
She pushes straight through to $68,000
In anycase Bitcoin is coming for 68,000. the question is simply how long it takes to get there.
At this point, Bitcoin's price is untethered to its utility as a currency. Or its potential as a store of value. All that matters right now is that people believe in it more than they understand it. But they don't need to understand it to buy it.
And buying it makes the price explode.
Support, Resistance and Targets given by fibbonacci extentions and previous price action.
Any smart short seller is keeping his money out unless he hates having it.
Short term resistance expected at current levels of $55,800
OR
She pushes straight through to $68,000
In anycase Bitcoin is coming for 68,000. the question is simply how long it takes to get there.
At this point, Bitcoin's price is untethered to its utility as a currency. Or its potential as a store of value. All that matters right now is that people believe in it more than they understand it. But they don't need to understand it to buy it.
And buying it makes the price explode.
Support, Resistance and Targets given by fibbonacci extentions and previous price action.
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