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March 10th, Bitcoin and Altcoins Silk Road
Bitcoin did not disappoint. After entering around 68,500 yesterday noon, it arrived as expected near 69,000. Currently, the indicator has reached 70,500, exactly matching yesterday’s prediction. From the one-hour chart, we can see that the altcoins are unusually strong, but we should not blindly chase them. Wait for a pullback to buy in batches.
Personal suggestion:
Bitcoin can be bought around 68,000-69,000 with a target of 70,500 to 71,000, and a breakout at 72,000.
Next, let’s look at altcoins. Yesterday, after entering around 1,960, altcoins have been rising all the way. We were only 30 points away from our target yesterday. From the current market, around 2,050 indeed forms resistance, and a pullback might be needed before pushing higher. For now, we just wait for the big move.
Personal suggestion:
Altcoins can try to go north around 2,000-2,020, with a target of 2,100-2,150.
$BTC $ETH