60k has such a massive support structure that it is effectively the new bottom. You can treat it as effectively $0.

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MSTR would have to bankrupt itself twice over to cross from 60k to 59k. 60k is simply the new bottom. It's like buying in at $0. I don't want to say "there's nowhere to go but up" because that's a meme, but effectively 60k is the bottom and it can only go up from there. People don't understand how substantial the support structure is at 60k. It would require insane massive amounts of liquidation by every major investment firm that holds it to ever reach 59k. You are seeing it trade at the equivalent of a fresh start.   submitted by   /u/_BreakingGood_ [link]   [comments]