Why a Fall Below $6000 is Impossible (Analysis)

I see a lot of disgruntled, disappointed, disheartened first time investors with loose hands (not just weak) calling for "the big drop" to "$5000" some even say "$2000" xD. Well, obviously they sold at a loss and now they want it to go down hard so they can recover their losses. I understand that. Coming back to why it's impossible: BTC is in a very bullish trend with tremendous growth year after year. The trend line in the graph that passes close to $6000 indicates the overall bullish trend of BTC. A break and close below this will mean two things: 1. End of the bullish trend 2. Beginning of the bearish trend. Now do you really think that is possible in light of recent developments and all these new projects being launched everyday? BTC is also stronger and popular than ever and for the first time, people in non tech circles are talking about it. Think about it, if you want it at $5000, there's a lot of other people who WANT IT at $5000. The sad reality is that all of you can't get it for the same price. This makes the demand greater than supply which means one thing and only one thing that this trend is going to continue and we're on our way to new targets of $11,000+ and $17,000 in a few weeks time. I understand all the negative sentiment. We are still in the awareness phase.

"Sell when others are greedy. Buy when others are fearful" ~ Warren Buffet

註釋

So far so good.