Post
Topic
Board Speculation (Altcoins)
Re: The market has recovered?
by
Bennix
on 23/12/2018, 17:39:54 UTC
In view to this,the crypto market has not recovered even though we see uptrend on both bitcoin and altcoin.
I pointed this out because we have not broken the resistance price level of $6200 being the previous  price of bitcoin before the hashwar and fud that lead to low price of bitcoin. If you could remember the previous support price level was $6200,and it was broken.This resulted in bitcoin going down to $3200 to $3900.
Now,we all know that whenever bitcoin price surge and stabilize, altcoin price surge as well,meaning altcoin respond with respect or in relation . to the price movement of bitcoin.Considering this trend,I don't think altcoins have recovered .