At $9300 right now, 10k isn't really a stretch. So why'd I mention it?
Well, for one thing, it's a psychological level. People have a thing for ten grand, for some reason. They just do.
The first thing it would do is render the current dip to 7333 a failed move. Which tells the chart that the move from 10k to 8k (Sept 23rd) was also a failed move.
An expected reaction (blue arrow) would be something in the range of 14k, which means a test of the local high set back on June 25th.
Any break of that level would complete the bowl pattern playing out since Christmas 2017, the infamous 20,000 target. That bowl (or 'cup') pattern is Bitcoin's strongest technical indicator, unbroken since a marketplace first stabilized to trade it.
That's an easy and clear path to 20,000. It's one I first explained well over a year ago. I continue to believe 2019 will be the crypto recovery year, and 2020 will be the year of all time new highs.
(And it would be really great if STEEM would get back on track for meteoric gains, too!)
DRutter
