I see a lot of people concerned that were going to go back down to $6-7k or even $2-3k - wouldn't that be nice?
I think its notable that the fib sequence has shown where some bounces are and as it sits right now - we bounced pretty good off of the 9050 range. This is an uptick from 8300 range the other day. So long as we dont go below that $6k trend line (that touches the 8.3K bounce from a few days ago) from feb 6th, then I dont think we need to worry about an all out collapse just yet.
One thing that is mildly concerning right now is stoch RSI seems to be on the decline. Another bounce off of $8.7k sometime soon seems likely. Then perhaps a retest of 10.2k.
I think its notable that the fib sequence has shown where some bounces are and as it sits right now - we bounced pretty good off of the 9050 range. This is an uptick from 8300 range the other day. So long as we dont go below that $6k trend line (that touches the 8.3K bounce from a few days ago) from feb 6th, then I dont think we need to worry about an all out collapse just yet.
One thing that is mildly concerning right now is stoch RSI seems to be on the decline. Another bounce off of $8.7k sometime soon seems likely. Then perhaps a retest of 10.2k.