Post
Topic
Board Speculation
Re: Short-term analysis
by
cryptomaniac_xxx
on 17/09/2020, 07:37:55 UTC
For now the price reached $11K for a while and looks to hold the position above the resistance in the last 24, meanwhile lot other altcoins are bleeding at the moment so not really sure what is happening in the market right now.
I'm sorry to tell you that it didn't hold that $11k, it was not defended and obviously another fall back to $10800-$10900 again. Altcoin market seems to recovery quickly as well, enough just to see most of them going into green again. It's really hard to say where the market is going, although bitcoin has recovered so much from a crash below five digits 2 weeks ago, but it will take some time to see the price going to where it was before the crash.