looks a bit tired. BTC may need a rest before challenging $50k.
Commento:
... maybe after striking $20,000 ! ha ha this thing is inexhaustable !
Commento:
still volume is tapering off. 4 days of below average volume. might be putting in a blow off top here (blowing out the channel before correction begins)
Commento:
my guess is if you lay a fibonnaci over this we would retrace to 9k, and since 9k is psychologically going to trigger more selling under 10k, we might end up at a test of $5,000. Good support at the 5k level. just my guess as to how this will shake out.