60k is a key price level.
Breaking significant psychological barrier needs multiple attempts. Fakeouts (eg. the last time 64k) are included.
Psychological point. ==> "It's the top" (=Not much belief left.), "The parabolic hasn't started yet" (=Much belief left.)
Market now: Undecided, but with less and less supply left. (Non-believers sold. Believers bought and pulled out assets from exchanges. Check Glassnode or your Twitter feed for data.)
Similar situation: Before 10k in 2020. Before 20k in 2020. We are in a range.
Breaking significant psychological barrier needs multiple attempts. Fakeouts (eg. the last time 64k) are included.
Psychological point. ==> "It's the top" (=Not much belief left.), "The parabolic hasn't started yet" (=Much belief left.)
Market now: Undecided, but with less and less supply left. (Non-believers sold. Believers bought and pulled out assets from exchanges. Check Glassnode or your Twitter feed for data.)
Similar situation: Before 10k in 2020. Before 20k in 2020. We are in a range.
Comment:
Still in a range. Range is broken if 3D closes outside of the range.
Comment:
Range is broken. Let's see how deep this goes down.