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viiiiiid
Feb 7, 2021 1:56 PM

Can the previous resistance become the new support? Long

Bitcoin / U.S. dollarBitstamp

Description

Resistance has clearly been broken. After the weekly rally a pullback is normal, so the real question is whether this resistance can become support and if we can accumulate enough power to continue reaching towards the new all time highs. In my opinion, yes - people that got burned in the previous rally towards 42k and entered too late will have their chance at breaking it again and people that cashed out and re-entered after the pullback will do the same while the rest who held will keep on holding. Everyone; let's continue towards the 100k!

Comment

I guess the answer is yes!
Comments
BTCforfun50
your line just got broke dude XD
viiiiiid
@BTCforfun50, yeah man, if it doesn't recover shortly, i will be mildly concerned in the short term. i'm still super bullish in the long term :)
viiiiiid
@BTCforfun50, i see another support at the 36.6k area - if that gets broken, i'll cry a bit
BTCforfun50
@viiiiiid, so surely it is bullish but just falling a lil bit becuz of sell on 40k
BTCforfun50
@viiiiiid, i dont think we will go below that support
dont worry
viiiiiid
@BTCforfun50, alright m8, me neither :}
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