Last week Bitcoin had a great bounce off the $30k handle....and it was impressive!
Since then, I've seen a lot of bitcoiners on twitter calling for the 6-figure bitcoin soon. I tend to agree that it will go there...and much higher over time.
However, before we celebrate...a crucial hurdle must be cleared.
Resistance must become support.
So far...Bitcoin has only been rejected at resistance.
If it closes above $42k...that is fantastic. But before I start calling for "bitcoin to the moon"...I need to see a pullback from well above $42k...with it closing above that number.
Then we can start talking about $100k+ bitcoin.
Since then, I've seen a lot of bitcoiners on twitter calling for the 6-figure bitcoin soon. I tend to agree that it will go there...and much higher over time.
However, before we celebrate...a crucial hurdle must be cleared.
Resistance must become support.
So far...Bitcoin has only been rejected at resistance.
If it closes above $42k...that is fantastic. But before I start calling for "bitcoin to the moon"...I need to see a pullback from well above $42k...with it closing above that number.
Then we can start talking about $100k+ bitcoin.