Bitcoin still holds above US $ 9,000, and technical indicators suggest the next higher level may be more difficult to achieve. Even when Bitcoin Halving III started on May 12, 2020, Bitcoin was reluctant to hold above US $ 10 thousand, even though the strengthening had reached 17 percent. Why?
Many observers say that the US $ 10,000 level is resistance, if it goes back to October 2019. Indeed, on Thursday it was breached, but also quickly declined again.
It seems that this reflects that the bullish trend needs stronger support to break through US $ 10 thousand.
Is, "history will repeat itself" hoping that thousands of percent higher price of Bitcoin is the same as the two previous Halving, 2012 and 2016.
There is also an assumption as if this is not the same as halving before. It's likely the pattern this time the rise for Bitcoin will be different. Well, we'll wait which one will be the right answer for all of this.
Well, everything about price is probability. If it climbs to $10,000 it will favour other coins, but if reverse is the case many unstable altcoins will be greatly affected.