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.
Note
Still in a range. Range is broken if 3D closes outside of the range.Note
Range is broken. Let's see how deep this goes down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.