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Bitcoin higher but yet to impress

01 Oct, 2020

The cryptocurrency markets are generally all in the green today with some coins making significant progress, particularly Monero, as noted here a short while ago. However, despite the generally positive move for a number of the Alt coins, Bitcoin is yet to catch a bid. Granted it is a little higher, back above 10,800 this morning, but its progress so far is hardly impressive. Perhaps it is asleep or just not simply interested due to too many false dawns recently. That is hard to say, but it needs to make a clear above 11,000, or more especially above 11,100, or else the risk is it trips over itself again. Until such time as an upside break unfolds, the risk of a relapse below 10,600 remains elevated. Bitcoin is just now trading at 10,815

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