To be honest, I did not expect such a strong and rapid correction after these recent increases, because we had a lot of people willing to buy.
Well, unfortunately, the BTC market is still relatively small and speculators will take advantage of every opportunity, and during such strong moves, order books on the buy side, there was a lot to say, not very densely packed, especially at lower prices.
As we have known for some time, the futures markets set the price of BTC and from what I see it has been sold practically, the same amount of BTC (110,000) as needed to break the resistance at $ 10,000.
BTC still honors the lines of resistance and support, the current correction has ended perfectly on the resistance line, as seen on the screen.
In my opinion, the price will bounce back and the bulls will once again try to attack the resistance at 10400 $. Of course, there is also a likely black scenario and continuation of declines, but in recent weeks the bulls show a lot of strength and I think it's not over yet.
It is a pity that it failed to break the resistance at $ 10,400 in one shot, because then it would be possible to even reach $ 14,000 in a very short time. Well, unfortunately, maybe you will need a few more approaches to overcome this barrier that blocks the price of BTC for over 2 years.