Post
Topic
Board Speculation
Re: What will happen next if the resistance breaks?
by
romero121
on 16/10/2020, 23:59:42 UTC
As usual we might as well see some ups and downs if it's going to touch the $11k just like how it did last month. On the other hand, Trump's tweet seems like a little connected to the market so, this is just one of the factors that could affect the price of Bitcoin. Corona virus is just a given reason if someone wants to make a move to the market although it didn't actually make any effect on the market but with the influencers getting COVID is just a downer.

Looks like the weekend is being really kind so far. Trump's comments dropped a few hundred dollars off the BTC price but the Square/Jack Dorsey news and comments seemed to have not only recovered that but pushed BTC way up above 11k right now. Think people are hoping we see 13k by end of month for a serious Christmas price;)
Every time the price will be dragged forward based on the speculation with Christmas Eve, and there'll be rise in the price. This happens as a result of most people selling their holdings to spend on the vacation. This time the US election and the Christmas is so close between months. Possibly a better outcome from the election result will cause a positive growth, and the same continues with the Christmas year end price move. A positive statement about bitcoin from the winning candidate once after the result will be big blessing for the year 2020.