Near the top of a descending channel and also challenging the 100 day moving average.
Volume is relatively weak but the RSI is starting to curl up again so a push towards the $10k level is feasible if it can rally over the 100 day which is sitting just shy of $9.6k.
Thing to watch will be either a rejection of the long running trend line from June or break out above it.
With Lagarde promising to annihilate European savings accounts and the Fed pumping billions of liquidity into the market there's a good chance that liquidity is going to be looking for a home in more places than just stocks...
Volume is relatively weak but the RSI is starting to curl up again so a push towards the $10k level is feasible if it can rally over the 100 day which is sitting just shy of $9.6k.
Thing to watch will be either a rejection of the long running trend line from June or break out above it.
With Lagarde promising to annihilate European savings accounts and the Fed pumping billions of liquidity into the market there's a good chance that liquidity is going to be looking for a home in more places than just stocks...