Bitcoin has been in a bullish rally for these past few weeks and has been moving very parabolic. We should all know that chasing parabolic markets is really dangerous. Big banks have been pumping and inflating bitcoin to reach these highs but I suspect that they should probably start to take profits around the psychological level at $30,000. Once major banks start selling bitcoin it should trigger a major selloff and you don't want to be long on bitcoin when that's happening. What's happening right now looks like a mirror image of what happened in 2018 when bitcoin went parabolic, and we know that history repeats itself when we're analyzing markets. I'd say the first place of interest to start looking for buys is around the 19k zone of previous resistance as that was around the all time high before and bitcoin also found resistance there on its bull rally this year. That is also in the fib golden zone so it's really an area of interest. Personally, I believe bitcoin is going to retrace all the way back to around the 12k zone, a zone its been struggling to get past since June 2019 before finally breaking out this year. It still has to retest that broken out level since it was pretty significant and even a lot of analysts believe 12k was a fair price for bitcoin after they started to see it inflating. I believe once it retraces back to the 12k zone, that'll be the last fair priced buying opportunity for retail investors before bitcoin takes off to 100k for good. Stay on the lookout and pay attention to price. I'll be looking to go long at either of those zones.