Pullback Before $100K?
Ok, guys. It seems we are taking a little break.
The rally that took Bitcoin beyond the $82–83k resistance has brought us towards $87k. Now, a technical correction seems due. A retest of the previous resistance would actually be a confirmation of the breakout if that level turns into support.
That means a drop of around 4–5% to the downside would be nothing but healthy. Afterwards, the climb towards the three-digit territory can carry on. Fingers crossed.
What do you expect to happen in the coming days? My most likely scenario is the one described above.