There is a crypto analyst that I follow. And he posted something like bitcoin having to clear the resistance at $120k before altcoins begin to pump. What does it mean for bitcoin to clear the resistance? Is it about market forces?
What does Bitcoin clearing the resistance really mean in crypto?
- Thread starter Fidelia
- Start date
Resistance means that the price of Bitcoin is held back from rising again, in terms of clear resistance/breakout occurs because of increasing BTC purchases, so that the price of Bitcoin can exceed resistance, but traders must also be aware of whether this breakout is fake or not.
