It is very interesting what is currently happening in the market for crypto coins, since yesterday the bitcoin began a trend in the rise looking to break once and for all the resistance of 12k, a resistance that has been elusive during recent months, where it has broken on several occasions but immediately corrects its price and even reached $ 9600 recently.
This time we still don't know if the strength that the buyers have can be enough to definitely break this 12k resistance, it takes a fairly high volume of trade so that the bears can't exert downward force.
When the 12k was reached and we surpassed that price the volume was immense on that occasion.
Currently it is increasing little by little, we simply have to cross our fingers and hope that finally the btc starts its bullfight to the moon.
We know very well that after 12k there are no very powerful resistances and it could easily reach the 20k which has been the highest price in history by the end of 2017.
A curious fact is that checking the list of coins in coinmarketcap, most of the altcoins are in red, usually whenever the btc increases its price the alternative coins follow it but this time it is not so.
Why?
Perhaps they are looking to take the btc to new highs and then enter with great force in the altcoins, ie sell high to buy with cheap alternative coins and that is a very round business.
HIVE has reached its lowest minimum in terms of btc, we still don't know what the bottom of the hive is but it could be this?.
Maybe yes, maybe no, but it is still a great opportunity to buy.
In the pair HIVE/USDT has broken the support of 0.14, the lowest point since it was included in the big exchanges is about 0.13, and it is very likely that we can go to that support and have a strong rebound, but it all depends if huobi, binance and bittrex activate deposits and withdrawals.
Right now I am in HOLD at any time the hive can go up in price and reach 20 cents without any problem.
Patience friends the bull market for the Altocins including HIVE will start very soon.
Disclaimer.
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Posted Using LeoFinance Beta
Posted Using LeoFinance Beta