Post
Topic
Board Speculation
Re: Bitcoin Targets $10,000?
by
Kemarit
on 05/06/2020, 02:45:56 UTC
Even yesterday it didn't reach $10,200 until the correction finally came back, yesterday's rally wasn't strong enough to continue to break higher resistance. Well, anyway, the rally is only to break through resistance at $10k and doesn't become a problem either because prices in this market are very volatile and it's still difficult to get more consistent.

It wasn't strong enough because it shows that there could be some manipulation from behind. Besides, we have attempted many times in the past and it seems that the price is not sustainable.

We may go on another rally and try to get past $10,000, but we are not assured that it will maintain that position, too many bots with the sell order to liquidate another short or long positions. Not unless there's FOMO again at 5 digits, it might take some time to see $10,500 at least, IMHO.