BITCOIN stutters at 10,400 again! Incredible pump in the last hour!

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Big things are happening in the bitcoin markets tonight, with a fast run up approach to 10,400 USD price for BITCOIN tonight.

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From about 6pm Eastern Time heavy buy pressure drove the price of bitcoin up several hundred dollars. While sellers were around to take advantage and reject (so far) the split above 10400.

Yesterday we reviewed one technical observer, who posts about eliot wave patterns.

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This is @ew-and-patterns. We asked what the levels will be after 10,400, assuming as we do that BTC will eventually break to the high side, since we are long term bullish on price right now.

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We hope you are enjoying the evening. One day very soon it will be talked about that you 'could have bought bitcoin for under 10k'. We're not saying this is the last time it crosses above this psychological barrier in price....

But how many more times will BTC dip below that number?

Only time will tell!

This is not advice. It is history (ok and some speculative prediction from some other guy. Do your own homework and take your own risks.



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3 comments
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Watch for the updated count. I'll do an update post in about 13 hours from now, because the count changed when there was no small drop in price.It is not possible to view this as an EWtriangle anymore, but that does not change the bullish count. It is only a minor change.

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I kinda hope this time we have more people who understand what crypto IS and believe in the technology/system and aren't like, Las Vegas gamblers like we saw so much of last time. This way we might have a more steady climb and not be so volatile. But time will tell! There are always gonna be gamblers and scammers in every new thing, and people who don't understand it but hop on a bandwagon (or fear it).

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