Price is going higher. Are we close to hitting the $6000 next month? Any guesses?
This is just a return to 6502, where we will be stuck again forever.....I doubt that we just go up to $6,502 and get stuck there. Either we go up to challenge resistance at $7,500 or so and correct back down to $6,502 or we correct down further.. perhaps not even being able to stay above $6k.
The longer that we stay above $4,200, the more I am starting to be inclined that the bottom is "in," and if the bottom is in, then UP remains our ultimate destination.. even if it may take 9 months or more to return above $10k.. which will be no small feat (perhaps, the term "baby bull" is bordering on becoming appropriate?) ... but getting abov $10k is one feat to look forward to, especially for anyone buying in the past 6 months.
In other words, the odds of Last of the V8 winning his bet are on the cusp of going against him... sucks to be poor (V8).