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RE: Bitcoin Goes Parabolic | After $10K, what's the next target to watch?

in #threespeak5 years ago

I would have agreed a drop back below 10k would have made sense once we broke it but it didnt happen. It looks to be consolidating at the moment and i think whales and big money want people to sell right now. Its a bear trap basically at the moment. People including myself are getting excited again which is all this market needs. Big money knows when they can buy regardless of price, they care only about momentum. Price is irrelevant, support and resistance is all that matters to them.