My first publication with you Bitcoin prices are battling resistance of $ 10,000 with analysts calling for more caution
- Bitcoin rose 12% in the 24 hours from Thursday, reaching $ 10,000 again, despite analysts' warning of strong resistance
Great goals and secular revolutionary markets
While bitcoin rose nearly 40% in February from its lowest level of $ 6,000 in some markets, Max Kaiser led cautious optimism, celebrating what he called the end of the "secular revolutionary market." Where Keizer wrote on his Twitter account, late on Wednesday he saw the price of $ 28,000 in sight. He said he believed a break of $ 10,000 would trigger a new burst of news coverage and a new wave of buying.
Alternative currencies also follow bitcoin as they rise, as the ltc currency gains additional gains after the announcement of the trader's acceptance of "LitePay" and its fixed split parity. For the bitcoin price, ltc used an unlikely opportunity to record a new all-time high of $ 0.025, making the ltc the best performing currency in alternative currencies at 50 points by market value for bitcoin.
Others echoed similar positive sentiment toward Kaiser's "healthy retreat" with investor Alex Gurevich commenting that bitcoin had achieved a very solid foundation. While Keizer said in an interview with social media on Wednesday:
"If $ 10,000 is reached, this will make it easier to reach $ 50,000 this year"
"Fiz" warns of the decline of the market cap due to "greed"
Based on 9 February warnings about price resistance at or above the $ 10,000 level, Ton Fis pointed to a strong four-hour series of Japanese candlesticks that could indicate several candlesticks for the surrender phase, and that the warning was set for the current uptrend . He summarized his analysis on Twitter on Thursday, advising traders not to be "greedy."
It is difficult to determine the new momentum bitcoin, where the main announcement of the week from the Microsoft computer giant, pledging to support the so-called second tier scaling solutions such as "Lightning" as the best way forward to enhance the transaction capacity.
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Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
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