It did not last the price went back again. The logarithmic downtrend is in place, still an we need much more fuel than this to sustain more legs up to cross 10K
The price currently hovers around the $8000 mark, which seems to be a perfect market development after everything we have gone through. The jump to nearly $8500 stood no change by default.
It comes too quick after the jump from under $7000 to over $8000. Profit taking will happen as soon as the market climbs up from current levels, and it will likely remain that pattern for a while.
The first resistance point we have to face on our journey back to the $10,000 mark hovers just over/under $9000, where after that we yet again have to prepare yourself for another resistance point. Patience is all we need.
We need a strong bullish rush to jump over $10,000 again, which isn't something I see any indication of right now.
