I have lived through this before where the entire community was seeing the need for a solid foundation while the market was trading sideways for so long it created a new bottom and everyone was blown away. This time around most people seem to be more cautious but I was planning for the worst. Maybe Max Keiser will finally get it right this time.. He said moon soon in the millions.. then hundreds of thousands.. then tens of thousands.. now hes calling for 15k later this week. We closed above previous resistance on the weekly but there is always bloody Mondays..
Not trading advice I just enjoy drawing lines and finding patterns.
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Testing between 9k and 6k are the next two points of resistance from what I can see.
21 Million Bitcoins minus those that are lost forever minus those that have yet to be mined does not equal a huge number. Maybe it's just a supply and demand thing at this point? If every Millionaire in the world wanted to own just 1 whole Bitcoin right now they could not. There just is not enough to go around.
atomica
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@BitcoinBearSlayer, IMO it should never have went as low as 3k after the first ATH but it did.. that was hell. Im damaged for life now lol