Post
Topic
Board Speculation
Re: Bitcoin Targets $10,000?
by
Slow death
on 05/06/2020, 09:43:47 UTC
If Bitcoin breaks through this resistance level, a further sustainable rally towards $10,500, $11,000, and $11,600 is on the table.

this is the part where many people must be waiting with great caution because whenever the price tried to reach $10500 it fell a lot and now it reached $10300 and dropped to $9300 and then back to $9800. this means that are struggling to break the $10500 and it is not an easy task

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.

I think people need to be cautious here, the price of ETH in relation to bitcoin is at 0.024 BTC which in my opinion is still little compared to the price it was two years ago and also people should be aware that almost 1 year that the price of ETH does not exceed 0.03 BTC