But hey, Bitcoin is back above $10k so you are probably thinking the correction is over. I will tell you this, I don't believe the Bitcoin correction is over. In fact, I think we are only halfway done and so are alts! The alt markets still have one more correction phase called the "selling climax" and that is when they capitulate to the bone. I know it is hard to resist when the entire crypto market is green so feel free to trade if you know what you are doing. That said, things are going to get really ugly when the whales pull the rug out.
So what's the deal now?
For the time being, price is likely to retrace down to $10350 before making another sprint to the upside. There are 3 key resistance levels hovering above price and to be honest, any one of those could potentially flip the market but I would be interested to short Bitcoin if it makes it to $11200... no guarantees though.
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