if it falls below $ 8,800 and then breaks $ 8,600 then we will see $ 8,100 and if it also falls below $ 8,100 then we will see $ 7,000 again. as several times the price failed to break the $ 10500, people lose their spirit of optimism and start selling and people who bought at the price of $ 6000 are left with more reasons to sell because they know they will buy again when the price fall too much. this is a cycle that I wonder if there are no whales manipulating
The mystery of understanding the cycle is the difference between making a fortune as a trader and i am yet to reach those level and you cannot find many who reached that level of success in the forum to discuss about it quite often. The price is trading at a price range for months and if people see that it is not going to break the resistance then they will start selling off and we need to expect a major correction anytime soon since it is finding it hard to break the resistance for over a month but when that will happen is a mystery for me.