And people say it will crash.
People said in 2017 it will never hit 1k, but it did. People said never 10k, and it will be a major resistance. It did hit 10k$ and in less than 2 weeks after that nearly 20.000 usd. 10.000 was not a resistance level. It was the opposite in 2017.
How about 2021? Same thing, when it did hit 20.000, it surged in 2 weeks to 40.000 and in 1,5 months to 60.000. So the 20.000 Level was no resistance.
The 100.000 Level is even psycologically larger. When it hits that, news will write about bitcoin more than ever. Trump will praise it. It will also swipe off all shorts on the liquidation area between 100.000–110.000 and this short squeeze supports the surge.
Once it breaks 100.000, we will see fast pump to 120.000 and in a couple of weeks a lot more. So think twice what will happen once we touch 100.000.
Only those who sold everything already are talking how 100.000 is a resistance Level. Same thing With people shorting.
Look what pro cryptotraders that are most followed on YouTube and have of millions in profits are saying. They talk, how the price will to up after 100.000 very fast!
Also christmas is coming. Prices always go up then: people see their families and brag how they earned a lot or curious people will ask ”didnt you invest in bitcoin earlier, how is it going?” So new people are attracted once they hear about the gains. And also wall street christmas bonuses boosts the charts once many high income people get more money to invest.
+ dont forget one thing. Trump is very pro bitcoin. Follow the news, he even is naming people in positions to improve bitcoin’s position and trying to make USA invest in it.
Tell me one good reason to sell at this moment? Sure, making 50x longs is risky on volatile market, but in the bigger picture we will see price going up and also instantly when it hits 100.000 use. Btc to the moon!
Look at these earlier charts, see no resistance here. $BTC