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RE: BTC making another run at $10k - Is this one for real?

in GEMS6 years ago

Looks like this could be it. Very strong resistance but the bulls always stand up again to test it one more time.

I wonder, if it will bounce back heavily from the 10.5k level. Maybe we've finished building the support zone around 10k that we need to hold the level in case of a push back.

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Yea to me it looks like we are just chewing through the supply at $10k. The dips are getting smaller and smaller on the $10k rejections. To me it looks like things are compressing before a massive break through of $10k at which point those shorting and selling at that level flip around and jump on the long side...