Expect a big push in the next 3-5 hours. We have remarkably similar trading patterns emerging vs the early July action. Bottom of the early July correction lasted only 18 hours, will we maintain the bottom as long as last time or BTC will bounce before 18H mark? 5 hours to go and we will see.
Personally, I'd bet on a pullback in the next 3-4 hours. BTC is inpatient asset and does not give a F* if people want to buy it for 8K :D :D :D
I agree with you.
I have noticed large money inflow on bitstamp. Open interest has risen around 15%. So I can expect 5-10% rise of price, lets say 10.8 - 11.5 k$.
I am expecting some serious action in less than one hour time.
BR R.
disclamer: This is crpyto world so price crash to 8k wouldn't be a surprise.