A lot of people are expecting Bitcoin to drop to 6k or 5k or 4k. The weird part is, a lot of these people expect a big bounce after Bitcoin hits their ideal downside target. I seriously doubt these people have psychic abilities. I doubt their predictions will happen any time soon. The weekly chart is printing a bull flag. I expect Bitcoin to finish this picture and touch the top of the bull flag at around 10.4k. In time, everyone will be talking about this bull flag and the FOMO will be insane. Both the RSI and Stoch RSI support this idea.
Trade closed: target reached:
Target reached. Enjoy the profits. I think it is time to wait and see what signals the market gives next.