$60k as the symbol of the 1st half of 2026

[JaanusRaim]

I am very bad at technical analysis but I have very rarely seen the resistance so strong as $60k during the last months...
During the last days the importance of $60k has grown almost cartoonish - it is really funny to see the BTC price repeatedly balancing exactly at $60k: 60004, 60005.50, 59999.20, 60009, 59994.40....  

What are the reasons for this $60k cult ?

What happens next ?

[coolcoinz]

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.

[JaanusRaim]

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.

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 ?