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Long

Bitcoin headed towards 10K?

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BTC has broken out from the RSI resistance and made a significant run up towards 10K USD breaking all types downtrend. This pump couldn't sustain itsself and it corrected when it tried to inch towards 10K with traders taking profits. This correction has been very significant, with bitcoin dropping over 1000$ in one day. This correction was needed but it was sharp decline, so i think with all indicators considered a final bulltrap will be set towards the 10K mark before going down and shifting market sentiment clearly bearish . If we are looking for reversal, it will be slow and steady and not a 50% pump in 15 days that saturates the market.
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