People are not willing to pay 60k because they think Bitcoin is somehow worth 60k based on their analysis. They trust the market to be somewhat efficient and th

People are not willing to pay 60k because they think Bitcoin is somehow worth 60k based on their analysis. They trust the market to be somewhat efficient and they want to get involved. if 60k is a current fair price let's be it. The problem is that the price is propped up by Tether printing tokens which are then used to buy BTC. This is like the NFT fraud where you pass your NFT around your wallets to create an illusion of artificial demand and the price going up. There is a reason wash trading is illegal. "People are coming with their own USD to buy" isn't an excuse in such case.