Post
Topic
Board Speculation
Re: Bitcoin Targets $10,000?
by
shoreno
on 06/07/2020, 10:50:33 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
a very crucial moment in the $ 9000 area, I'm still very worried about today's bitcoins, because if it can't last at $ 9,000 and the sentiment is still bear, I will go out to buy it in the lower price again

What makes you worried? Your statement seems contradicting. Isn't a good thing to buy at a lower price again?
$9,000 is indeed a turning point If Bitcoin will either falls below support level or stays above, but the movements since last week seems didn't change a bit, though it's touching the $8,900 level at some point, but still managed to close out at $9,000 level again.

Fundamental news and speculators remains bullish, but hasn't reflected on Bitcoin price yet.

The market sentiments needs a lots of assessment as it's not giving any clear directions, traders who have enough trust to this
asset will surely glad to keep buying as chance to bag more once the sentiments change
the directions. There's still a lots of sways to expect momentum might change from time to time.

it seems like we arent used to this movement before  . its not possible for btc or a crypto to give clear direction , if only its possible then would be ez pz for us to gain money on this business  . only those who have trust on  btc can earn huge because they can keep on hodling despite of the unpredictable nature of it  but to some i think the only thing that they can do is to wait for quite some time in order for the situation to calm down just to avoid getting confused and do the wrong move