12k resistance is down!
This is a great sign for the market as this was the level that needed to be broken before we can start to head up to the 15k-16k levels and hopefully to new ATHs from there. It is still early but we have cleared the hurdle by hundreds of dollars and it looks like 13k is the next on the list. There might be some pullback soon but I do hope so the trend continue to go up over the next few months.
First I must state that crypto is a very risky investment so please only invest with money you can afford to lose. Bitcoin looks like it is going up but it can turn any moment and you can lose your investment.
Once Bitcoin can start to get closer to that 15k mark I want to see if alts follow behind it. Ethereum will be first as always but I do want to see other coins make big jumps to show that the market is really starting to grow. Steem is worrying me at the moment as it has not followed up with the other coins as it actually closer to new lows. It still might be early in the game for smaller cap coins but steem needs to make a move soon or it might get left behind. What are the plans for the coin from the team? Any news I missed?
The good thing is if steem does move it can move fast as it is low in cap and a little bit of revenue coming in can go a long way in bringing the price up. Time will tell but when things happen they happen fast so I'll keep an eye out for it.
Novemeber should be an exciting month and we will see where coins go over the next few weeks leading into 2021 when the world in general should start to breath again.