So here we are, smashing into the biggest hurdle we have to tackle before returning to previous highs and beyond.
Big evens are always a strong psychological barrier, many investors will set their sell orders on or around big even numbers. The best thing to do in my opinion is going out and buy a bottle of champagne and just wait for us to break the $10,000 barrier. It could be weeks before we break $10,000 and we might fail many times sending Bitcoin down to $8300 or lower, but on the other hand we might push right through it. Ether way do not get discouraged, if we bounce off of it and drift down that is just another chance to add to your position.
As you can see we are only slightly over the overbought line and holding well above the 50 day moving average.
Update we smashed through the wall, I believe this was our biggest hurdle standing between us and the new ATH!
I am not a financial adviser and this is not financial advice. Invest at your own risk.