Aug 23 - Bitcoin resistance/support levels & buy/sell zones
After seeing no significant bearish moves after the ETF rejections today by the SEC and some short-squeeze manipulation that also seemed to have failed yesterday, it seems like most (remaining) players in the market are in it for the long haul and are not that much influenced by FUD or FOMO.
I personally feel like we pretty much reached the bottom. There might still be some moves downward to the 5k8 levels, but as long as we stay above those, Bitcoin might start to climb up again. If we significantly fall below these levels, fear might kick in again and we may see prices drop towards 4k4 levels, but I doubt we will make a drop that far.
What are your thoughts?
I personally feel like we pretty much reached the bottom. There might still be some moves downward to the 5k8 levels, but as long as we stay above those, Bitcoin might start to climb up again. If we significantly fall below these levels, fear might kick in again and we may see prices drop towards 4k4 levels, but I doubt we will make a drop that far.
What are your thoughts?
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