What is going on?
For now it looks like Bitcoin rushing to the 10k area.
The important moment will be reaction of bulls on this move.
Bullish sign will be breaking 60 RSI level on a day chart.
I think that scenario when bulls will start to crush the 10k resistance with huge volume is possible.
Year by year Bitcoin become more bullish, there are many interested people. So, what I am talking about. Year or two ago I would say that Bitcoin will pull back to the dip after reaching such a critical level.
Now i don't.
Also I don't think that it will go back to the 7500 level. 8000 is the platform for consolidation. Bulls have paid a good price to reach it, they wont let it to go back.
For now it looks like Bitcoin rushing to the 10k area.
The important moment will be reaction of bulls on this move.
Bullish sign will be breaking 60 RSI level on a day chart.
I think that scenario when bulls will start to crush the 10k resistance with huge volume is possible.
Year by year Bitcoin become more bullish, there are many interested people. So, what I am talking about. Year or two ago I would say that Bitcoin will pull back to the dip after reaching such a critical level.
Now i don't.
Also I don't think that it will go back to the 7500 level. 8000 is the platform for consolidation. Bulls have paid a good price to reach it, they wont let it to go back.
Comment:
It became hotter and hotter every hour. Market feels the bulls. Some alts are starting to take off. In such period of time technical analysis is useless. If you want to make clear trade just wait.
Comment:
We are moving
Comment:
The Final step to 10k has begun.
It is going to be hot
It is going to be hot