Good morning friends, how are you? I desire you and your family are all well. I myself am moreover well, Alhamdulillah. As tradition, I have taken a while these days to look at the marketplace, mainly the motion of Bitcoin. Seeing this, I felt the need to proportion a number of my very own thoughts about this second.
[Src](https://unsplash.com/photos/gold-and-silver-round-coin-ZpUVMA443rg)
For the past few days, Bitcoin has been hovering around a very important price. Many were noticing this, but there was no clear direction. Suddenly, Bitcoin crossed that strong barrier of $93,400. In my eyes, this is not just a number; it is basically an indication of a change in the market mentality.
What I understood from looking at the chart is that this breakout does not seem as weak as before. The price has been steadily rising a little by little for the past few days. Usually, this means that buyers are interested in the market. However, it does not end here. Just going up does not make everything right; staying above this level is the real test.
We have seen Bitcoin suddenly drop from this point before. Many people were hurt then. So this time I am watching it very carefully. Especially the daily and weekly closings seem very important to me. If the price stays above this level at the end of the week, then it could be a good signal for the future.
[Src](https://unsplash.com/photos/gold-and-silver-round-coin-C5-vD7R4FYU)
Another thing that has come to my attention is that the previous resistances are gradually trying to turn into support. If this change happens correctly, then the journey towards $99,000 does not seem impossible. But I am not getting too excited myself right now.
The most important thing for me is patience. Rushing into this market most of the time leads to wrong decisions. So I am watching the situation, understanding it, and calculating it in my own way. Time will tell. Iss this a real breakout or another temporary move?
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