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Cryptocurrency Price Speculations / Re: 60K resistance might be broken
« on: Today at 07:25:20 AM »Whales are not only looking for an opportunity to buy but also to sell. When they buy, they have to wait for a good news before they execute; it's also the same when they sell, they wait for a bad news to occur. In general, they consider the news as an opportunity because they know can make more money from it. Imagine, all investors can see the news so it can make positive or negative effect to individuals.As long as there is no bad news attacking the market, Bitcoin will still have a high price, but when there is FUD attacking Bitcoin, whales will immediately lower the price of Bitcoin. Whales will take advantage of this bad news to bring down Bitcoin's price to a certain price.Who knows if the price of bitcoin will contain this movement as it has been since the past one month, which is not reaching 70k, and go down to 60k,before we had this dip that took the price down to 56k. Or maybe the price of bitcoin will just continue pumping gradually. The price reached 65k this morning but right now it is at 63k.Everyone also hopes that bitcoin will soon reach $100K, so that we will soon see altcoin season, because I myself am still holding my altcoins and some are still trapped at prices below the purchase price. price is already approaching $62K, looks like it will hit $170K next week
That's right, I have seen bitcoin starting to increase in price again and market conditions have recovered, I really hope that the price of bitcoin can rise like this every day so that the new ATH that you hope for at $100k can be achieved quickly.