Has BTCUSD pair got what it takes to smash through the 9.2k wall? It's slow crawl upwards is reminiscent of a geriatric old man, taking 280+ hour bars to barely reach the % gains that took a mere 72 back in March, BTC is a confused kid right now.
I can't see validity much below 9k though, I think the pair deserve to live upwards of 9k. Tracing a linear increase and wiping out the Jan bubble, the pair should sit at this level and I think that's a comfortable place to be.
We may be some time before we start to see the heady heights of that 12K retest.
Short term, I'm staying out of the skirmish to retest 9.2k for now, but I'm still bullish long term.
I can't see validity much below 9k though, I think the pair deserve to live upwards of 9k. Tracing a linear increase and wiping out the Jan bubble, the pair should sit at this level and I think that's a comfortable place to be.
We may be some time before we start to see the heady heights of that 12K retest.
Short term, I'm staying out of the skirmish to retest 9.2k for now, but I'm still bullish long term.