It sidelined.
There happened a double top, but the demand is so high that it sidelined instead of falling. That's why bitcoin is challenging TA, because of demand which is much higher than any stock. The demand will make it hard to short.
Now theres CME by 18th December, maybe we will have more money flowing in, and the price will go to 20k.
Yes thats what is freaking me out, it doesn't make any sense. A parabolic run up like this has *always* ended with a significant correction in the past, followed by a longer retrace and then a new bottom higher than the previous ATH, to springboard off.
The fact its just raced up to here and is now going sideways is what led me to speculate that somebody else with big pockets saw the top was in and is now holding the price here, accumulating, ready to do something. What? I don't know.
All of the continued cheerleading and we'll be at $20k soon, makes me feel uneasy.