It's very nice how $9K is holding (for now) and people don't give a shit about it anymore. Slowly stepping and maintaining price without any FOMO signs sounds great. Even a little retrace would not do any harm right now.
While holding $9000 is welcome the daily BBands are sloping up so many traders are going to be looking to buy if price drops to the middle BBand at $8900.
Which basically "confirms" there is good buying support for a little retrace. And probably even more support for a bigger one. Also it is not as if sellers were pilling up to sell. Much the contrary.
I want to see the price over $10K as much as everyone else... but I love how smoothly the price is rising step by step and doing the proper retests.
Looks good so far.
Boring is best. A little more time to establish support at 7900 might be needed. ..then a few months to get back through 9xxx. would be the most sustainable way forward. Another spike like last Jun/Sep would not be a good sign.
10500 is the first real resistance, and it
needs to be taken real slow. So far, so good.
I don't really have any problem with what you are saying, Majormax - except maybe with your term: "need".
I mean, really, bitcoin no doesn't work like dat.
Bitcoin does not just do things gradually.. at some point, we will have an explosion and thereafter a correction after the explosion.
It is just the way that things work out when you have an s-curve exponential adoption asset like bitcoin and people involved, too.