Post
Topic
Board Speculation
Re: Bitcoin Targets $10,000?
by
zvs
on 02/06/2020, 21:21:32 UTC
If Bitcoin breaks through this resistance level, a further sustainable rally towards $10,500, $11,000, and $11,600 is on the table.

The best environment for altcoins is a slow, upward move following Bitcoin. As we’ve seen in recent days, other altcoins like Ether and Cardano have started to show strength. If Bitcoin remains to move to the upside, more altcoins can see upward breakouts.

https://www.investreader.com/sections/cryptocurrency

https://bitcointalk.org/index.php?topic=5250177.msg54476074#msg54476074 -- the gist,

Quote
I guess if you want to get into the technicals, there should be significant resistance at ~$10400 USD.  It also has that nice round number at $10k as a psychological barrier.

$10200-$10400 was real resistance level (the highs from mid-Feb and trading range for ~10-15 days, pretty significant for Bitcoin, laugh), $10000 was just some psychological thing.

Though the action was a bit bizarre, both that took it above $10,000 and that took it below $10,000.