Post
Topic
Board Trading Discussion
Re: Next resistance at 9.7k. What are your thoughts on May movement?
by
Baofeng
on 29/04/2018, 23:34:46 UTC
Thats odd number you have got up there. Why is it 9.7K? and not 10K?

This is exactly my thoughts are. $10K should be the next mental barrier and if we can broke it then $11K-$12K is so easy  to breach as well.

I am not too techie so just asking if there is any way to calculate the resistance level for the same. I am pretty sure that fundamentals says that BTC will keep rising no matter what happens in the next update. The coin has shown us potential before and its always been on one goal, just to rise. I dont think clearing up the 9.7K level would be that difficult for the bitcoin. So I am sure this will happen before the end of next week. Its breaking bad!!

Sometimes you don't need to be technical. But if you have experienced and see how bitcoin grows in the last couple of years, I'm sure your common sense will tell you where the "possible" resistance and consolidation might occur.