As we see it is trading on the neat Channel Up since April with buy signals on its Higher Lows and exits on the Higher Highs. Every time it makes a Higher High it consolidates inside an that ultimately leads to the next break out.
10000 is the 1W Resistance/ Heavy psychological benchmark/ May 05, 2018 Lower High during the bear market. It will surely trigger some action:
Scenario 1. It breaks it finds even more buyers and continues to fill the +62% leg towards a 12100 Higher High (and extend the Channel Up).
Scenario 2. Short term rejection towards the 8800 - 8980 4H . Breaking of this zone invalidates the pattern and opens the way to even lower prices (if the MA50 breaks).
What do you think the outcome of $10000 will be?
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I still have champange since may 2018 when it almost broke 10k (9970 it was on bitstamp I think).
And this time I won't repeat mistake like I did it last year. I will give it to freezer only when BTC reaches this magical number ;)
And on monday we will be ordering lambos again ;) ;) ;)
We can official open FOMO season and start to pick the colour of our new lambos :) :) :)