Institutional money is moving into cryptos now (see signature).
lol @ your telegram channel. it only exists to recruit followers to dump on. palm beach confidential is a joke anyway.
how do you distinguish between institutional money and retail, on the charts? how do you know institutions aren't gearing up to sell into short term retail demand?
It sure looks like the bulls are taking over, now that the price is going towards 10K. The confidence in cryptocurrencies is growing, now that authorities realize they should not have too stringent regulations. Investors will start investing again and the price will increase to 12K soon.
personally, i'm looking for much higher. $14k-$17k range would be a proper post-bubble trap. in the short term the daily 200 sma might provide some resistance. it's in the $10k area.