Here we go again next stop 9k
Like I said, I'm buying drinks for the thread if we see it touch the $8k's again this year.
Too much resistance down to $9k.
I don't see it happening.
Beer-filled gut-bacteria tells me things will even out around $9.5k before resuming upward momentum.
I understand that if the price breaks below $9,200, then you are going to wait to buy in the $4,500 price arena, maybe you would buy above $5k, just to be safe, right?
On the other hand, if the price does not break below $9,200, then at what point would you get back in, if at all?
By the way, you may have already seen my posts on this topic, and personally I doubt that breaking below $9k is going to give you clear sailing down to $4,500 or points just above that because there seem to be pretty decent odds that there is going to be decent support at $8k and $7k... so you gotta get past that support first, in my humble bumble opinion.