I Ask a Question No One Knows the Answer to and Offer Very Little Information in Respect to it; Still Worth Reading Though (Opinion)
Will Bitcoin go to $10k this weekend? I muse on the possibility of saying hello to our old friend Mr. Ten Thousand Dollars.
In my opinion: Bitcoin sure looks like it wants to go to $10k judging by the order books and 1-hour chart. In fact, it looks like it wants to go there tonight (Friday night). UPDATE: Got close Friday night, but didn’t cross the finish line.
In reality: What happens from that point is anyone’s guess. Nothing ever has to happen especially in crypto.
Still, when you are sitting at $9.6k after seeing a jump from $9k, you think to yourself, “heck, it only needs to do that once more and we are at $10k.”
The conditions are there for $10k, and the conditions are there for a mass panic if it goes the other way. We will see what happens.
Get ready for an intense weekend either way.
Make sure you have stop buys and sell set, alerts set, and your game plan ready.
$10k is this big psychological whole number, and we are knocking on the door. That likely means some big things will happen as a response to what happens next (hitting $10k is a bit like getting toward the $6k double bottom that is, something everyone is waiting for, has theories regarding, and is likely to lead to some interesting price action).