Right now bitcoin is holding steady around $8k.
That can be looked at one of two ways...
That can be seen as bullish because any minor dip is being bought right back up.
It can also be seen as bearish because we are running out of buyers to push prices higher...
So, I guess it is all how you want to look at it!
(Source: https://www.ccn.com/bitcoin-price-plunging-30-in-near-term)
Personally, I am surprised we haven't pulled back yet.
I thought we would see a dip at $6k.
Now, I think since we haven't dipped yet, we might make a push for $10k before any sizable dip.
A lot of people want to buy this dip, which is why it isn't happening.
Logic says we slowly trend down from here towards $7k as excitement fades...
However, logic doesn't usually work with bitcoin.
