Observing some profit taking in the $10.7k range. Looks like we may be in for a bit of sideways action before $11k.
I give it 24 hours.
I don't see it.
Largely, the BTC price has been moving up for the past week from the low of $9,825 on 9/8, and got us to $10,838, just 5 hours ago...
And sure we had a bit of a correction from $10,571 to $10,215 two days ago on 9/13... but hey.. where are we at now? bouncing between $10,640 and $10,838 for the past 18 hours..
I would hardly label our current price location as any definitive sideways move, yet... way too early to know or to say... "shucks, it stopped".. whine whine whine...
Sure 24 hours might give us a wee bit of a better picture upon where we are at... and sure we might still be here, and we might go down and we might go up... that looks like a 33/33/33 to me rather than leaning towards any particular outcome, as I type.
The $10,838 price was a high price from just 5 hours ago, so we just got here.. why cannot we enjoy a bit instead of whining that it stopped?
Furthermore, we had not seen that level of high price since 9/3.. so seems to be a good thing, and at the current moment, the BTC price seems as if it is in a kind of UP inclination for more than anything.. but, hey, yeah, sure, the UP movement could stop at any moment.. maybe 33/33/33, and that is in the range of expectations that there could be stop of upwards movement when the price had not been here for 12 days.. go figure?
Nothing really to say that the price going up actually stopped or that it is going to stop, and still, we seem to continue to bounce around at a kind of top end of an uncertain price range, as I type. Stop will it? maybe 33/33/33 or some close variant of that I will proclaim as another one of those soothsayer wannabes.