Market Analysis OCT 21 2020

Following the announcement of Paypal offering crypto services to its consumer and merchant network, bitcoin takes a gigantic pump breaking months-long resistance and is now prime to smash through 14k if we can keep up this momentum.

Alts are down as most of the capital flows into King Btc but they will pick up the pace very soon. I expect Ethereum to lead the way and break above $400 and then all other alts in the ETH ecosystem to follow suit.

You should note that if we fail to sustain this momentum then this might be the yearly top and BTC will go back down to the 9k -10k range.

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