$10,000 might act as a strong resistance level for BTC. Have a look at the charts below. Your opinion is welcome in the comments. Upvotes are also welcome :)
Your thoughts?
Bitcoin Price Forecast: resistance at $10,000
7 years ago by myfinanceteacher (66)
Very sure that it will have a big retrace from 10k-10.5k levels, might as well lose 40-50% from the top.
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In the short-term it will probably drop to around $8500. In the long term, which pretty much means a few weeks, we’ll see it steady above $10000. The sky is the limit. It’s so easy for the regular joe to buy BTC now, and it gets a lot of mainstream coverage, so I think it’s a safe bet to hold for years.
Quantum computing in the next ten years may break BTC, and when that happens there will be a devastating crash unless crypto geniuses can protect against this.
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I think 10,000 is only going to be a temporary resistance and the pull back might only last 2 days. Then its blue skies again.
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