Good price to pull some profit from Bitcoin in my opinion. Most traders and holders are probably thinking the same and most likely will watch the market a little bit and sell which will reduce price at $11,000 level again (Not unless Bitcoin can hold the $12,000 which then we will have a prosperous year even with the pandemic).
Yeah it need to break that $12.4k support first from August, right now I think it is safe to be at neutral phase I think I may avoid futures and alts as well, focus is on bitcoin by now because when it falls most alts as well. I think fundamentals is good to lean on right now.
Yeah mean we need to break that $12.4 resistance, because that's the price the most traders are selling and make a profit. So everyone just stay calm, it seems that the price is not really holding as of the moment. Let's wait till the end of the week and see how it goes.
Let the market run thru it's normal course, we still have months to go before the end of the year and maybe we can see the price higher than $14k, for all we know.