Did Bitcoin just break 'Psychological $60' heading past $100 or will it crash?bitcoinity.org 1 pointSODaniel13 years ago3 commentsSaveHideCopy link On HNComments−SODanielOP13yBasically I am just speculating wildly, however I think that $60 may be a 'mental wall' for a lot of traders in BTC that could signal a quick movement either to/past $100 or trigger sell-offs.−wmf13yWhy $60 instead of $50 or $32?−GHFigs13yPossibly it will catch the attention of traditionally bearish Babylonian investors.http://en.wikipedia.org/wiki/Babylonian_numerals
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Basically I am just speculating wildly, however I think that $60 may be a 'mental wall' for a lot of traders in BTC that could signal a quick movement either to/past $100 or trigger sell-offs.
Why $60 instead of $50 or $32?
Possibly it will catch the attention of traditionally bearish Babylonian investors.
http://en.wikipedia.org/wiki/Babylonian_numerals