Post
Topic
Board Speculation
Re: Bitcoin's Next Major Move - Crypto Market Analysis
by
LogitechMouse
on 09/08/2020, 10:04:35 UTC

Volume is one good indicator if the price will increase, and so far, it is really weakening and it looks like to me that someone is manipulating the price an pulling it to just the $9200 range. I have a feeling that we won't see any significant break out due to this. Long term though, $10K is doable. The market is reacting to the world economics as well - the covid-19 is still around so there is no money to get and investors will likely hold their fiat than to invest.

I'm glad you are wrong on this one market is showing strength and capability we are almost at $12000 and hopefully the market will give us a big surprise before the end of the year I also thought that there will be pull back or correction I know that market will always have correction there could be some delay on those correction.
$12,000 right now is the new short term resistance already as we saw a short dump when it reached the $12,000 price.

Now if the $12,000 has been passed on and stayed above there for a couple of days then we may see a further up trend. However, I'm expecting for a short dip to happen at around $10,000 or below of it before a major rally will happen.