Bitcoin (BTC) and $ 10,000
Bitcoin has finally managed to rise above this difficult resistance level; Rising up to $ 10,380 in an explosive move after breaking the daily balance pattern and approving the weekly bull flag. Unfortunately, the bullish move was short and Bitcoin fell to $ 9,500. It was observed that while the price of Bitcoin was experiencing such a decrease, the transaction volume was quite low.
Expectations in Bitcoin (BTC)
According to the latest data obtained from the crypto analysis company “Santiment”, Bitcoin is experiencing a significant increase in the transaction volume in the annual time period. Based on the results of the data obtained, Santiment warns crypto money investors and traders as follows: We suggest you be careful here and watch BTC movements closely to see which momentum has started to progress next week.
— Santiment (@santimentfeed) June 2, 2020 Santiment also stated that there is a ‘make or die’ moment for Bitcoin right now because there are only two main possibilities in the game right now. If Bitcoin FOMO comes into play and pushes the digital asset to a new ATH or profits start to keep Bitcoin under $ 10,000; this causes terrible events – given that BTC is not permanent over $ 10,000.
