https://www.coindesk.com/bitcoin-struggles-above-9k-as-bull-breakout-stalls/It seems as though the bull market everyone is hoping for and expecting is on pause at the moment. BTC has hit a point where every time it touches 9k, many sell orders go through and push it back down just below this mark. There will be a time when buys will overtake these momentary road blocks. Until then its just a waiting game.
Good Luck Traders,
The Elysian Team
There were indeed some strong resistance at $9k. BTC did test that level a few times before it finally breached it. It's not very surprising that after bitcoin hit $9k, it jumped to $9.2k straightaway, as that's what happens when a strong resistance tumbles. Markets tend to overshoot.
But now that it's crossed it, I think there is some serious hurdles to get through at near $10k. Personally, I can see a correction happening very soon despite the fact that the market sentiment seems incredibly bullish at the moment.
It just doesn't seem like this growth can be kept on for too long. I could be wrong, and bitcoin does hit $10k, in which case it'll probably go to at least $10500. But a correction is definitely due at this stage of the rally, so do be careful trying to flip for a quick profit in the short run.
I think you're wrong and we are seeing the correction just at a slower speed than usual, the correction is just higher than what people are expecting. A bull run is definitely on the table as well, I do think $10k will be the hardest barrier to break though.