RE: We will not see Bitcoin above $40K for some time

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We will not see Bitcoin above $40K for some time

in bitcoin •  4 years ago 

hi @vaibhavshah

It's hard to disagree with you. I would expect several weeks of upcoming accumulation before price will go above 40-41k level.

On the bright side: this strong level of resistance will become very strong level of support once we go above.

Yours, Piotr

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Yes, $40-$41K will become strong support once BTC breaks that resistance.