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/cryptocurrencyBitcoin was unable to keep its price above that level and to me that was to be expected, there is simply no strength in the market to go above that level and keep it there, even if we are seeing a slight recovery on the economy as the lockdown measures taken to combat the virus are being relaxed it is still too soon to know what the long term consequences this virus will have on the economy, as such investors all over the world are taking their time and are not too eager to take significant risks, so most likely the price of bitcoin will remain close to the current levels for the next months.