Ninjastic
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Board Bitcoin Discussion
Re: Bitcoin over $10,000 for the past 66 days
by
piebeyb
on 14/10/2020, 11:21:57 UTC
Quote from: gabbie2010 on October 02, 2020, 07:51:23 AM
Quote from: piebeyb on October 02, 2020, 05:43:21 AM
Quote from: G.Belaci on October 01, 2020, 11:20:34 AM
Bitcoin has been above $10,000 since July 27 and attracts more young investors and crypto enthusiast. Will BTC ever drop under $10,000 ever again?

Read the article if you also find it interesting: https://www.worldcoinindex.com/news/bitcoin-makes-new-record-completes-63-days-consistently-over-10k-the-longest-period-ever
I just analyzed that the price will stay the same right above $ 10k, but haven't shown anything to start yet, we know the bitcoin halving has happened, this is where we wait for the surprise about it in a year after, I think it's hard to play under $ 10k again
If the price didn't go below $10K after the news of Trump and Ivanka catching Covid-19 then it going to stay above the price mark, there was a temporary dump when the news filtered out however its seem the price had started picking up, some spot, forex  pair also experienced a fall in the price that shows the strength of fundamentals news with regards to price movement and volatility.
You can see that currently the price is touching above $ 11k again, it doesn't show a big impact to the downside price for bitcoin, because usually after the bitcoin halving the price will continue to be like that and will go to the next rally in some time.