It already broke that level but then started to go down once again. The equilibrium is stron and established between $3,500-$4,000. If this is broken in any side, the action will be fast. Up or down, no mater.
It did actually reach but it has really a strong resistance which it did go down again when it bumped into that price and now we are playing around on 3900 price but i do have a feeling that the price is just fueling up for a sudden pump up on upcoming days but cant still be sure because we wont know if the price would dip down again on the end of this month.
The price is just above ~$3900 right now. I'm excited to see broke this price and push to $4100 because I believe that if we ever din breach $4100, I'm expecting another good run to maybe $4500 before facing another resistance. But unfortunately, $4000 should be set as the new mental barrier. So we need to wait for a few more days before seeing any positive gains otherwise the price could go south again very fast. Either way, its much better to hodl and see where it will take us in the long run.
For now its just a couple of days before the local Chinese exchanges closes its operation. And maybe this is one factor that makes the market the difficult task to breach $4000 right now. The China effect is still lingering around the corner we can hide that fact. But once its over and dust is settled, we can forget about them and move forward for a brighter future.
