As for my understand, what a price support means is that when the price stays in that range for a long time like what we see in $9K range that's where the support is coming from.
Nah, support level is the lowest possible price for a certain price run. At the moment, $10k is considered as a strong support, as everyone is anticipating that Btc would not fall below that level. Specially, support level is now at around $10,900.
Please refer to this website for better understanding of turning points of support and resistance level, including RSI and week highs.
https://www.barchart.com/crypto/quotes/%5EBTCUSD/cheat-sheetAnd yeah! Lower ATH and higher ATH? what was that again? I assume the OP means
higher highs and higher lows? Because $11k as an ATH sounds stupid lol.
He just misused the acronym ATH which supposedly to be Higher highs and lower lows in a specific time frame.Those arrows or plotting are little bit messy but you can easily understand if you do have experience
on drawing up trend lines plus S&R's. Yeah 10k is the strong support but doesnt mean that we wont able to break that one down yet we know on how this market behaves on where it can easily break down those
technical analysis on where anyone is hoping for.In case the price drops on that hard support level then its up for someone if he can risk up to buyback and wait for rebound.If unlucky then price can shoot down
continuously.
Talking about 100k price? Im not saying its only a dream but we should mind first on how to break that $20k ATH.