/biz/ - Business & Finance

Macro economic landscape is cockblocking Buttcinderblock.

>>54130805
They should make the stock market out of that door

>>54130805
It’s because we just started going up a few weeks ago
This bullrun will play out over the next 2 years
It won’t move on your timescale and doesn’t care about you so just sell and leave or hold

>>54130825
be hilarious if it was just a brick wall behind it. got 'em, bugs bunny style lmao

>>54130842
OK but why 25k and not 26 or 27 ? It's pretty clear that BTC struggles to break that price point.

>>54130805
Because its spent month around 20k and selling at 25k before it goes back to 20k is a smart move.

Thank god for the retards buying ate the top.

>>54130805
Look at the fucking chart.

>>54130908
look what? it broke out

>>54130864
I remember when it struggled to break $18k
And $20k
This is just the next price
You sound new so I understand why it doesn’t make sense but this is how assets prices work
Gold, crypto, reits, stocks
It all behaves like this

>>54130908
Your pic clearly shows that btc bounces back each times it hits 25k, hence my question.

>>54130949
You're right I'm pretty new to trading, that's why I'd like to understand the underlying reasons 25k is a barrier.

>>54131013
Yes it is called resistance. Please lurk more.

>>54131030
This
It happens all the time
When we break $25k then $30k will be the new resistance and so on as we stair step up for the next 2 years

>>54131013
bears shorting are btc at that price with high leverage
hope that answers your question
- Jeff

>>54131030
I know that. I'm asking why 25k.

>>54131307
Kinda. So I guess each time btc hits 25k bobos open new shorts to avoid getting liquidated.

>>54131307
>signs his 4chan posts with his name
There’s no way you’re under 50 years old

>>54131412
It’s any major number
It doesn’t matter if it’s $20k or $25k or $50k
People take profit on the way up
Bitcoin doesn’t just go up 100% of the time and humans love numbers like $25k
You do understand the basic dynamics of buying and selling right?
The market is made of many different people taking profit and big numbers are targets for many people at once
This is trading 101

>>54131501
So that's mainly a psychological barrier. Thanks.

>>54130805
dumb female here, should I buy btc rn when its 24k like rn

>>54130805
Just turn the door handle?????? Why are people so dumb????????

>>54131636
Yes. And panic sell at 16k later.

>>54130805
Because old prices we're propped up by financial institutions who wanted to invest, they pulled their money out, and retail investors are not going to 3x the price without their money. With the collapse of these banks I wouldn't be surprised if even more liquidation occurs and the price drops severely again one day.

my nigga it went from $60k to like $30k in less than a month we are blessed this shit still exists and my nftb bags can keep growing. stop crying.

This is all you need to know.

>>54137066
the jews failed. it was a brilliant attempt, though.

>>54131636
Yassss girl slaaaay queen girl boss gatekeep buy btc when its high sell when low yassss girl power