Hi, we are already in bull market obvious, but here will be a lot of retrace between -20 -40%, this big green candle in not healthy, and not good to buy high for new people. If bitcoin go to 10000$ there is a chance we will have -40% drop, at ~6k, last bull market did same in 2015
If “everyone” believes it will hit resistance and then drop hard, wouldn’t smartmoney play this and already drop bags at 9.5K or any number below the 10K?
CaramelSpaceFrog
⋅
@Milamansi, or it can go higher we cant know this but what we can know is that here need some retrace!
GJMRealEstate
⋅
maximum pain for traders:. 12,000 is next. then 25% - 30% pull back to 9,000.
market makers will whip saw traders to stop out shorts and longs every chance they get.