Happy Monday crypto friends. We had a great bull weekend, so now comes the waiting game to see what we're thinking we will do next. BTC is starting to go parabolic, so it's a bit of a worry. Volumes aren't increasing like they have been in traditional parabolic markets though.
There's been a lot of speculation that it's more investor money getting into the space, and less "Retail Investors" with FOMO. This makes a little bit of sense, but I'm still not totally convinced this will carry up everything. However, if prices have been moving so much thus far with this amount of activity, we could definitely see a continued upside growth spike which would surpass the $20k ATH.
The weekly chart above is overbought still, but we're mostly looking at the shorter term charts right now. Volumes have also been declining on the weekly.
Bulls are seeing strong resistance in the $11,100 level, so a break and close above this band will be a great thing for upside and we'll see another leg up.
Most likely an overall mellow day unless we see a bull break from the resistance.
