Quote from: cryptomaniac_xxx on Today at 07:37:55 AM

Quote from: akram143 on September 16, 2020, 07:03:14 PM

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.

But atleast we can see some good price insight since 10,800-10,900 is still huge figures compare before when market is on bad shape, but I expect some short dump right now since I believe many people doubt for this current market situation. But Also I'm still expecting some good pumps by next year since maybe the halving will take effect at that time the same on what happen last year 2017.

Quote from: pooya87 on Today at 10:32:45 AM

the current "uptrend" is suffering from lack of momentum which is why even though these resistances keep being broken, we don't see the rise continue. there is also a lot of shorters who have been hoping for a drop to make profit who are now selling to keep the price low.
surprisingly we saw all 3x $10600, $10850 and even $11000 break in the past 2 days but no heading for $12k yet.!

Yeah the momentum has been stopped and many people expect to see some great changes in figures especially when halving occur but the phase suddenly change and market turn questionable that's why many people are little bit afraid on current situation. I'm not surprise about that movement since by now the I see so many traders doing some short trades and maybe that's the reason why we don't see a sharp pump these days.