Post
Topic
Board Speculation
Re: What’s next if bitcoin breaks $9,270 ?
by
Cnut237
on 19/06/2020, 07:14:32 UTC
What’s next if bitcoin breaks $9,270 ?

It means nothing. Crypto prices at the moment are heavily influenced by what is happening in the wider world. We saw that huge drop once the CV19 took hold, then a bit of a recovery... and since then crypto prices have fluctuated depending on economic results and predictions, and government actions such as the huge stimulus packages.
Maybe $10k is still a bit of a psychological barrier, but really I think the most important factor is that world economies are in chaos, and we can't realistically expect bitcoin to be immune to that.