Great points on needing new money in this market! This could be what is holding back the market as traders continue to trade the downtrend given the force of gravity. However, if some of these resistance points are past, it could definitely lead to more money into the market.
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Thanks @newageinv. I agree. If price can break this pattern and climb above $7,000 (and that’s a big “if”)...we’ll likely see many new interested buyers.