Bitcoin made a bid for 10k, got rejected back down to 9850. Now what?
Well, it looks like we might see some sideways here, maybe sideways/down until it gets to the 15m cloud where I think it will fall through, down to 9725 where it will catch supply from the 1h cloud. The market is holding it's breathe right now, alts are in a holding/bleeding pattern, which I believe is a precursor to a pullback. After it bounces on the 1h cloud, we could see a retry for 10k.
Well, it looks like we might see some sideways here, maybe sideways/down until it gets to the 15m cloud where I think it will fall through, down to 9725 where it will catch supply from the 1h cloud. The market is holding it's breathe right now, alts are in a holding/bleeding pattern, which I believe is a precursor to a pullback. After it bounces on the 1h cloud, we could see a retry for 10k.
Comment:
Bitcorn is too strong today. Battling back from drops to 9830 and 9850, bouncing back into the 9900s both times. I think 10k is incoming at this point.