Post
Topic
Board Speculation
Re: Bitcoin is moving sideways for day, Where to from here?
by
BrewMaster
on 20/11/2020, 15:00:39 UTC
you can't expect the price to rise up $1000 every day, so it is obvious that when we have a major rise when an important resistance is broken there should be some time off for a small correction and a little bit of accumulation before we see another price rise. so far we had that, and this sideways is not even long enough to be enough accumulation phase.

where we go from here is a short window of opportunity to accumulate before another price rise then there is a good chance that we see a panic sell the moment $20k is touched or is close.

thus unsure of ETH demands as well on these coming days.
interesting enough they have been trying so hard to pump ethereum for the past weeks but have been failing consistently. with bitcoin price rise there was a very small rise in ETH's USD price rise that helped revive its market a little but the dump of it against BTC is still going on strong.