As it stands, Bitcoin along with many other Digital Currencies have been on a Rampage recently. Some achieving all new highs while BTC is sitting on top of 9k+ usd. Only question that comes to mind now is what next? Will it have enough momentum to break thru to the 10k usd mark or will we see a major price correction? As usual any thoughts and comments are more than welcome.
10k resistance wont really be that easy to break.Yeah, weve seen that we do climb price too fast but doesnt mean that it will sustain furthermore.
Now the price is somehow stabilizing in 8k which is a good thing but it doesnt give any signs if it would dump or rise on upcoming days or months.Who knows?
Correction is inevitable and can happen anytime thats why you should brace yourself on the potential risk that might happen.
The climbing fast was in consideration of the approaching halving. If allowed to continue in the same momentum we might likely break the ATH before halving or just immediately and will not be good for the progression we expect in the space, and the whales are smart enough to control it. I dont know the place of altcoins in this market, though its having a steady rally and increasing the total marketcap but how long will that be. The build up this year could be on bring more fund to the space and will most likely be from altcoin