https://www.coindesk.com/bitcoin-bounces-back-from-sudden-dip-eyeing-move-to-8400/After dipping slightly below 8k, Bitcoin seems to have bounced back over easily today. This is huge as many were concerned that that it would struggle to find support at its highest point in a while. Everyone should be expecting a minor step below 8k anyways. This is just a minor correction as is normal with this type of growth. This will be a good time to load up and play along with the natural growth cycle.
Good Luck Traders,
The Elysian Team
Support at $8k seems quite strong at the moment.
Market sentiment probably also shifted a little to the more bullish end of the scale as well. So if we consider that effective support is at $8k, and the bullish sentiment in the markets seems to be back, I do think that there is a huge possibility that this pump sustains for a fair amount of time (2-3 weeks further) before a correction.
But the correction is imminent, in my opinion. I think the ceiling for BTC's price is quite lo this year and it would be extremely hard for the markets to all of a sudden swing fully in favour of the bulls and set an all time high or anything of that nature.