Investor imagine and derive all sorts of theories about price levels.  Particularly so when their favorite asset price trends at a certain price range.

The price of Bitcoin is an interesting topic of discussion for those who are invested in the space. The support and resistance level for the price of BTC is a topic discussed very often. And, many still believe that the beauty of Bitcoin lies in the mathematics of it.

Technical analysis and what it says about the BTC price is an interesting part of the puzzle. The below discussions are about the 39-k price range and many feel that it is a high price and that the price will trend in this range for some time.

The Wolf of All Streets shared: The longer we trade below 39K, the more likely we are to stay under 39K, because it’s been longer and we are under 39K. If we can get above 39K we could probably go up and be above 39K. But right now, we stay below 39K because 39K is above price. Deep analysis from twitter.

 COMMUNITY RESPONSE:  Even if it moves to 43 K it will ultimately go down.  Even institutions are selling. BTC is a great technology but it’s over valued & when something is over-valued it will have to revalued. It’s worth 15-20k. Big players are over exaggerating it. In 2017, it went down by 250%

Or, we can also stay below 39K and the move above 39K because we are right now under 39K. It is possible that we move above 39K since we are below 39K, but I do think in the end you are right.  We are right now going to stay below 39K because 39K is above price.

That’s what I see when someone talks about support. All I know that we have insane amount of money(M2) in system and it’s extremely cheap (rates are extremely low) and for me that means we can bounce back to 69k on Bitcoin at least, depends on politics, introduction, mining etc.

So, you’re saying if we go above 39K we will be above 39K?  It is and if it goes above 39k we will be higher than 39k. If it goes below 39k the. We will be lower. The charts will show you. Easy right?

I think you’re exactly right. If you look at the chart, the area above and below $39k is the likely range where I see bitcoin going.

I need to get this straight. Can we be above and under 39K at the same time or only either at once?

So, if we sell right now, under 39k, we are unlikely to see any profits above 39k. Conversely, if we choose to sell above 39k, we are likely to see more profits and fewer losses than if we sell below 39k.

We need one big green candle and all the self-proclaimed TA gurus will understand TA is just a small piece of the puzzle. The beauty of BTC is in the mathematics of it.

If I do a deep dive into that statement, I am sure that all will become clear unless up is actually down. Never, can be sure when you’re under water.

If price goes up, then it’s worth more. If price goes down, it’s worth less. At 39k it is overpriced. If we go over it soon then I would suspect a deeper dive afterwards to achieve the double bottom that is needed around the 33k mark before we see anything close to a new all-time high. The pattern will play itself out.

So, basically if the wiggly line goes up, the price also goes up? But if it goes down, crypto is a scam and everyone goes to jail forever? But the price is going to be ok because we gib snacks?

I agree, however, the longer we trade above 39K, the more likely we are to stay above 39K because it’s been longer and we are above 39K. If we can get above 39K we could probably go up and be above 39K. But right now we stay above 39K because 39K is above price.

Long term holders of BTC relish the opportunity to accumulate SATS on these lower levels because in the end, it’s pre-programmed to go up forever. Take advantage of these choppy waters and stack Sats while you can.