BITCOIN- Major Support & the 'Late Majority'
Quite a 'Dead-cat' bounce today for Bitcoin, leaving it's gains for the day and turning 'red'.
Good news:
The price is now approaching the 44k MAJOR SUPPORT which could be a great entry point for some big wallets waiting to buy-in.
Not the Innovators (2.5%) or the Early Adopters (13.5%), nor most of the Early Majority (34%) but the next part of the population that will join: the Late Majority (34%) and the Laggards (16%)
Read the definitions here, it will make sense.
In other words, just to make sure I am understood, we are approaching a level where we can find GREAT support to rise higher and a place in time where new investors could come in. Especially some of the bigger buyers who play their cards 'relatively safe'.
Then again the BAD new is simply that under 44k we could face panic. Real panic..
Personally: I am a BUYER, and i do not expect the price to drop below 40,000$
the FXPROFESSOR
Good news:
The price is now approaching the 44k MAJOR SUPPORT which could be a great entry point for some big wallets waiting to buy-in.
Not the Innovators (2.5%) or the Early Adopters (13.5%), nor most of the Early Majority (34%) but the next part of the population that will join: the Late Majority (34%) and the Laggards (16%)
Read the definitions here, it will make sense.
In other words, just to make sure I am understood, we are approaching a level where we can find GREAT support to rise higher and a place in time where new investors could come in. Especially some of the bigger buyers who play their cards 'relatively safe'.
Then again the BAD new is simply that under 44k we could face panic. Real panic..
Personally: I am a BUYER, and i do not expect the price to drop below 40,000$
the FXPROFESSOR
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