With the price of Bitcoin (BTCUSD), trading close to the 10k mark, it would not surprise me if traders manage to give the price a final boost so it can attain this psychological level and a victory for the early adopters and believers.
But today is not the time to buy, the right time to buy for short-term traders was last week when I said the price could rally from the $7913 level, or on[url= ] November 13 when I said the price could bounce from $6109.
Today, I would wait for a near 50% correction of the rally from the November 24 low of $7883, before assuming the price will have enough energy to propel to a new high. Overall, I will remain bullish as long as the price trades above the November 19 low of 7676, and on a break to this level, I will turn neutral.
Please note that this is my personal view and losses may exceed deposits.
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