Post
Topic
Board Speculation
Re: What will happen next if the resistance breaks?
by
F_Societys
on 08/10/2020, 11:36:52 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...


It can be said that the election will definitely affect bitcoin and, as in previous years, it has affected the market and the stock market.
In general, Bitcoin is not independent of world events, and we saw what happened in response to the Corona virus.

The resistance level break has the chance of a downward movement than the forward push. There is minor fluctuations in the market volume at specific time interval. Right now there is big variation in the market of altcoins, almost every altcoin have declined on its value. As of now every move happening with bitcoin seems to be associated with the election campaigning happening activities of USA.

The current resistance will be in the range of 10,800 to 11,000.
Market volatility is also declining, indicating a stabilization of resistance.
And if bitcoin is on the rise, altcoins will definitely be affected by the king.