Bitcoin's breached 9.3 K. The crucial resistance that has been a wall for a couple of days.

Img src: Tradingview.com

As of now, Bitcoin has breached its 9.3 K which may be crucial in the next trajectory which is 10 K. Twice in the last two weeks it has tried to punch through the ceiling of 10k but it could not maintain at that price and has retreated down towards 8.8 K. Yesterday when it did this, I saw loads of feed on Tradingview whereby many were calling for a bear trap which we could be heading? However, from my own opinion, there is enough fire power for Bitcoins to at least make it to 12 K in the near term. Maybe higher? Last year, June 25th to 26th 2019, Bitcoin surged to 13.3 K .

How about HIVE?

Think of Metcalfe's Law

Metcalfe's law states that the relationship between the nodes that a network has and the value of the network. The more the nodes and users that are active on that network, the more valuable the network becomes. If you think about it, in the long run, definitely, the number of users on Hive is going to increase. One thing that is unique is the changeability of Hive into Ethereum, Bitcoins and etc. That in itself is valuable. The other thing is it will definitely increase in price when Bitcoin rises. I am very sure of this. We have to all play our parts to make this a success.

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Wish a great day. Have a good weekend. =)
@luueetang

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