No gas in the tank (supporting volume/demand). Potential drop to 10.2k at a minimun for possible refuel. This is just speculation on my part, but if I were Smart money I would dump everything to push price down back the to 8.2k level causing weak hands to jump ship. "Apparently", expectations for a BTC pump are high according to some media outlets. To me, after having heard Tom Williams of VSA fame explain the phenomenon of media hype, there may be a possible short term pump, in effect, triggering FOMO. This will be followed by a dump causing the predictive shakeout of the weak. This is purely speculation on my part and is in no way to be taken as financial advice.
Comment:
Despite the drop to the 10.2k level, much needed strength for the push upward is still not to be seen. If no demand is to be seen, then a drop to the 9.2k level is inevitable.