Post
Topic
Board Bitcoin Discussion
Re: Bitcoin broke $13k today
by
posi
on 24/10/2020, 12:43:21 UTC
Sometime today, Bitcoin broke the $13k barrier and then retreated back to $12.8k.

This is Binance screenshot and now that I'm watching it, seems like it broke $13k almost a day ago.

But I'm not seeing any posts about this on the forum so I'll just post it.
Total market cap also went over $400B which is cool.

Will is stay above $13k this time?


it is a good sign that the market is recovering from the past losses. However, altcoins are still dumped. They can`t manage to go up even the bitcoin is increasing. As of now, bitcoin is positioning at the 12800 to 12900 usd area. We don`t know what happens next but I think it gonna move down first before we take of again. Hopefully, the next few years we will see a new ATH again in bitcoin. It seems like its price is overpasses by faming and yield coins in binance such YFI.
Yes we are now at the level of around 13k$ for few days but i don't think it will get a huge down as market are going through uptrend .Its true altcoins has seen dump momentum but its not huge on downtrend so it is a good movement of market .Hopefully we will see a new ATH level on btc in upcoming years .
The market couldnt maintain the $13K price range for long which is a sign that anything is possible despite the uptrend that the market is experiencing through Paypal shifting to cryptocurrency announcement which has also led to commotion within crypto community cause people different opinions about the paypal statement.
With that been said, $13K seems to be the current resistance level of the market but what happens from now till Midweek will prove if the uotrebd is for real or just a little sparkles.