Volume Profile Indicates BTC Return to $10,000+

Bitcoin faced strong accumulation around the $8,000 level, and the P.O.C - Point of Control - on the Volume Profile is between $10,000-10,200. Therefore, I see a return, at least short term, to the $10,000 mark. That's up $700 from our current price of $9,300, for a (700/9300) = 7.5% gain.

I caution that this is a short term price target, and I am not saying where BTC will go following its touch.

Comment:

I was wrong.