Current price: $10,162
Prediction: huge correction within 48 hours (8K range)
Very possible. I'm not sure whether we stay sideways for the next month or plunge down to the lower $8,000s but the chart doesn't look ready for bullish continuation yet. And longs are still mighty high. It looks like we need to shake the trees a bit.
Every analyst is pointing out right now that there is a descending wedge, coiling price, and dropping volume. They are also claiming a symmetrical triangle. A lot of them are expecting a break to the upside because we are technically in a bull market.
Most analysts are bullish right now, but a few of the best are not. Check out the threads of
xxxx123abcxxxx and
dmwardjr.