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RE: Bitcoin: Is this a Sucker's Rally or Denial? πŸ€” Yes, I'm still here! Read all about where I went and why I'm back πŸ™‹β€β™€οΈ

in #bitcoin β€’ 5 years ago

Yeah, I know about resistance levels.

When it previously went up to 20k, it bounced off 5800 abouts, went down past 5300, then went back up to the resistance line around 6100, bounced back, then rode up to $7400. It could do something like that, sideways a bit, before going back down. Or it could bounce back from that resistance a lot farther. It could go down to around $4300. We aren't clearly in a spike yet. It could spike and fall for a while...or go sideways...or just make it's way right back up. Spikes and falls look like sideways action only in retrospect usually. When you're watching them, they look like a heart attack.