Post
Topic
Board Speculation
Re: What will happen next if the resistance breaks?
by
ScamViruS
on 07/10/2020, 18:31:05 UTC
I had no idea what to happen next but the time is not right. Everybody says Bitcoin closely following the event of US election, whatsoever between $10k -$11k range it's ups and down. If the resistance falling we're likely going below $9.5k. There is so much uncertainty at the moment in all markets. We're heading into 2021 and anything could happen. Just my opinion...


I prefer to wait at the moment. Because now that the market is in place, this is an important time, no one wants the market to be dumped from here. Now, like the traditional market, the Bitcoin market is also affected by the news and the world economy.

So being careful in advance is not a bad thing. $10k is not a big resistance, the market is at this level only traders are confident that it will not go down again. I will only assume that there has been a big breakout when the price of Bitcoin will be above $11k.