$60k as the hallmark of early 2026

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the_hashMember
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#1Apr 17, 2019, 04:01 PM
Honestly, I'm not great at technical analysis, but I've rarely seen a resistance level that’s as solid as $60k in recent months. Lately, the significance of that $60k mark has become almost over-the-top. It's kinda amusing to watch BTC's price dance around $60k like it's playing a game: 60004, 60005.50, 59999.20, 60009, 59994.40... What's the deal with this $60k obsession? What do you think happens next?
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#2Apr 18, 2019, 05:44 AM
So you want it to stop being the resistance? This is how it works. A price is just a number influenced by many things like general sentiment, liquidity, politics, and all that. A price level revisited many times becomes a stronger point due to the fact that many people bought at that level and feel confident holding there. Eventually it all comes down to the sellers if they're ready to dump at a loss or think the price is still high enough for them to sell. Personally, I've been here in 2021 and then back again in 2024. In 2021 when I first saw $60k I sold a bit because I thought that it went up so much from $10k earlier that year that it would be a waste not turn that profit into real life goods. When I saw it again in 2024 I was more like "meh... 60 again... nothing special" and my attitude has not changed since then. 100k? Fine, I could consider selling some, but sub 60k? Nope, it's definitely worth more.
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the_hashMember
Posts: 279 · Reputation: 45
#3Apr 18, 2019, 09:09 AM
Thanks ! I remember 2021 and 2024 $60k-s too. In 2024 this $60k hold relatively long time too...  I have read that the average mining cost break even is somewhere near (below) $60k at the moment but I do not believe that it is possible to calculate it so exactly. But may-be this statement alone can have some psychological effect ?
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