Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: sirty143 on October 31, 2019, 05:04:20 AM
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Bitcoin has maintained a strong daily uptrend after the recent breakout above $10,000. The bulls were not able to hold $10K but they remain strong with trading volume in their favor. The daily EMAs have crossed bullish and they will act as support if the bears are able to take down the $9,000 level. See more for yourself here (https://zycrypto.com/will-bitcoins-daily-flag-be-enough-to-spark-the-next-rally/)!
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Bitcoin has maintained a strong daily uptrend after the recent breakout above $10,000. The bulls were not able to hold $10K but they remain strong with trading volume in their favor. The daily EMAs have crossed bullish and they will act as support if the bears are able to take down the $9,000 level. See more for yourself here (https://zycrypto.com/will-bitcoins-daily-flag-be-enough-to-spark-the-next-rally/)!
I hope they can maintain the 10k level. Though its hard to know whether this will stay still. We are yet 2 months away from ending this year and anything is possible. Hoping btc could rally for another higher level. But seeing the chart, It's next to impossible to see a break out crossing previous ATH. Maybe near 15k level or close.
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In my opinion, the bitcoin flag for its price growth will not be enough. Bitcoin needs to really improve and improve its functionality. If the United States and China are implementing their plans to issue their national stable coins, then bitcoin and a decentralized cryptocurrency as a whole may not become a universally accepted means of payment.