If we don't reach the top of this year before going down we will paint a double top formation with lower second top on the charts. That will look technically very ugly.
I am not even saying about the possibility of reaching $1k price. Now it seems the steam is over and as there are no hard facts to support this high price, we should correct soon.
There isn't any real incentive to go higher from the $750 levels, where I am strongly believing in a serious correction that is heading towards us any time this year. People dreaming about $1000 to happen this year will get smacked in their face real hard.
I was anyway surprised how good and long we stay above $750.
I think it's just being kept at current levels by whale traders to get rid of a large part of their stash before they make the price tank real hard. After that they buy back at ~$600. It's a game that they play very well.
Not this year.
The $1000 mark does not look realistic this year indeed.
Only a few words, but these words make more sense than all other dreamers here thinking the price will reach the $1000 level this year.