RE: Is 10K the New 6K ?

Is $ 10 K the new $ 6 K ?

” As bitcoin prices continue to post strong rallies, traders are looking at higher potential valuations for BTC/USD on a long-term trend basis. Not surprisingly, many of these projections deal with important psychological levels that may be likely to guide market activity.

By most accounts, market valuations in BTC/USD have had a strong year. Bitcoin has already established gains of more than 157% while the benchmark S&P 500 is currently trailing far behind with gains of just 16.6%. Most interestingly, this BTC/USD outperformance is notable because it has occurred even as the S&P 500 has been in the process of establishing record highs in its valuation.

But for crypto investors, the real question seems to be whether these short-term trends represent a full indication of what is likely to happen in the market’s long-term trend positioning. Along these lines, crypto commentator Murad Mahmudov (@MustStopMurad) recently tweeted:

Murad Mahmudov 🚀
“~10K is the new ~6K”, but instead of breaking down it will hold and start grinding UP.

You heard it here first.

8:26 PM – Aug 26, 2019
Twitter Ads info and privacy
383 people are talking about this ”

Cryptonaut Master Asked on August 29, 2019 in Bitcoin.
Add Comment
1 Answers

You know, I really wish the average person would quit focusing on price and I get why these Bitcoin sites have to push articles focusing on stuff like this but in the long run, this $10k and such stuff is all a joke because we are going to be out of the stratosphere once Bitcoin is hodl’d by nearly everyone.

Master Answered on August 30, 2019.
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.