Hello traders,
Here's a weekly time frame of BTC against US dollar. As you can see we have finally broken above the 10,000 region which was a HUGE psychological level of resistance, now based on how easy we broke above this level, you can tell that how strong this bull run would be.
We are currently sitting at around 10,700 level on the daily time-frame, even though we could see a slight pullback to retest 10,000, our next target for BTC is 11,500.
Psychologically, the break of 10,000 will trigger the FOMO on average investors and new comers who would jump on board buying altcoins, institutions could even participate on this buy shifting some capital from BTC to top alts ( XRP and ETH in particular) so if BTC pullbacks alts will shoot up. A good indicator of this will be XRP, as it will move first and then ETH with all other top altcoins.
Happy trading, and stay safe.
Here's a weekly time frame of BTC against US dollar. As you can see we have finally broken above the 10,000 region which was a HUGE psychological level of resistance, now based on how easy we broke above this level, you can tell that how strong this bull run would be.
We are currently sitting at around 10,700 level on the daily time-frame, even though we could see a slight pullback to retest 10,000, our next target for BTC is 11,500.
Psychologically, the break of 10,000 will trigger the FOMO on average investors and new comers who would jump on board buying altcoins, institutions could even participate on this buy shifting some capital from BTC to top alts ( XRP and ETH in particular) so if BTC pullbacks alts will shoot up. A good indicator of this will be XRP, as it will move first and then ETH with all other top altcoins.
Happy trading, and stay safe.
