I am bullish longterm, short term i think we pullback. I do not overly rely on indicators, but I feel if RSI reaches 86-87 as can be seen on past peaks on daily, there have been pullbacks. This conforms with Price action too. So this weekend price tops 11700-12200 before pulling back.
Comment:
Between April and June the pull backs were very small, and price kept going higher. I think we are in similar bullish territory. So I would be inclined to think we are in for similar move. -5-10% rather than a significant 30-40%.