Bitcoin At Resistance / Etherium at 1000$
As we march towards 1 TRILLION Market Cap, the mood is picking up and things look good for the average HODLER and the sophisticated crypto-traders. Although things look pretty sweet, there might be some setbacks before we go higher. Bitcoin is at the 16,600$ Resistance and Etherium is still strugling to break 1000$ in a decisive manner.
Bitcoin
Bitcoin is above the moving averages and will test the 16,600 $ resistance level. Volume is relatively thin (low) and if the bears ( sellers) decide pressure the market, the price can easily slide to 15,600$.
Etherium
As I have mentioned previously in my other posts - Etherium looks very strong and buyers are there. The problem is that ETH is not breaking the 1000$ barrier, the way we would like to see it. The volume is very low and Saturdays tend to be a bit flat. There seems to be a lot of "gem searching" (low market cap coins, which can make 10x,25x in a matter of days). Altcoins definitely are on FIRE. Maybe this is the reason for the low volume in the market leaders.
Conclusion
To me everything looks great for yer another milestone, maybe the most anticipated milestone - The 1 TRILLION MARKET CAP. I would definitely advise you to be cautious, because on even figures things tend to get tricky. If we look at ETH we can see that 1000$ ( a very even number) is a difficult barrier to break. If you can remember BTC was around 1000$ for a while and then MOONED.
Yes, BTC was around $1000 in Jan 2017 after a while it Mooned. So.. are you
expecting ETC also? upvoted and resteemed.