Good morning everyone.

Jumping well above $7.8k and bull rushing past $8k...we have entered another Fibonacci area where resistance is meeting support.  Market sentiment is still on the rise and is the highest it has been all year.


Margin traders are still nursing burnt fingers as price discovery continues in a bullish direction. I expect consolidation for the rest of the day and also some profit taking as well.


It is easy to get caught up in the moment when you are dealing with financial instruments, money or bitcoin. Learn to trust that inner voice that tells you to be either cautious or to run towards the sound of fire downrange. What that voice is telling me now is that while we might settle in price short term..the next few weeks looks very bullish indeed.

#dyor