I will admit that I may have gotten a wee bit too excited too, in my below-captioned post from earlier...
Have a lil faith Jay Juan.
I had also made another post suggesting that the weekly candle has to close higher than $10,300 in order to be green.
Hodl my spear if you have to:
Yes, it appears that my excitement from a few days ago has been reached (and breached) with a breaking above $10,600 in the past 45 minutes.
Good to see. Good to see. We have not been here in the supra $10,600 range for 11 days, and there were moments, even in the past 24 hours that closing in the red on the weekly candle or even closing below $10k on the daily were easily within reach (within a few percentage) - but alas, did not pass.
Accordingly, we are back to a hopium statement that 4 digit BTC prices might never be possible again. Perhaps? Perhaps? Poor lil no coiners and precoiners who failed/refused to buy.. in the four digits, and we spent a lot of time there in the past three years... more time than some of us would have preferred, that's for sure.
Of course, the longer that we are above $10k, the more comfortable we can become that 4 digits might be over forever and ever.
A couple of months ago (in the end of July), when we got back into this particular supra $10k streak, my assertion was that we would likely need to get above $13,880 before I would start to feel confident that 4 digits would be over, forever.
Of course, we can look at the charts, and we can see that we did make it to $12,473 on August 17, and that was not quite enough of a high price in order to ensure that sub $10k prices would not be within striking distance, and surely we also know that a 50% to 60% price dip can even come within a bull run, and our recent correction ONLY reached as low as $9,825, which could have been characterized as a 27% price dip, at best, at its extremes.
Currently, I am thinking that the threshold of confidence for asserting that 4 digits are most likely to be over forever and ever, may have come down a wee bit - even though I don't have any kind of exact number in mind that I can proclaim with confidence..... point being is that the longer that we have these supra $10k BTC prices, even in the $11ks and $12ks, the more solid the bottom likely becomes with such passage of time and the more difficult for the bearwhales to drop king daddy prices down below $10k (even if such bearwhales are going to continue to exist at these here seemingly and relatively bargain prices).
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