Have you guys seen that dude trying to suppress the rise of BC? He always pops the sell wall when things get a little weak. Definitely seems to be related to the rise of the other coin that we shall not mention. Manipulation to suppress this rise has been going on for hours.
We're likely to meet with some fairly strong resistance at each of the levels we 'stalled' at after the pump to 97K. At each of those levels a number of people mentally 'locked in' and will likely try to exit when they are reached a second time. Hopefully this rise will be more orderly (it should as it's based on news as much as simple market movements) so there will be much fewer people that feel trapped and more than feel confident.
Confident investors hold, trapped investors are always watching their exit price and are mostly oblivious of actual news/developments in their investment. With the amount of time between us hitting 97K and sitting in the 15-25K range... there's probably a couple million or more BC that is in the hands of people that are simply checking the price and nothing else. As soon as they see green (even a few hundred sats worth) they will probably dump for fear of getting burned again.
That will leave us with nothing but dedicated holders when we make the push past the last resistance point of the ATH... and from there, it's anyone's guess where we end up. I will admit that I will probably be taking some profits at the 57K and 96K range as well - but not much. After all, I want to have plenty of BC around when we break 250K and 500K.
