I'm hoping for a big dip, a retest of 3600 would be most welcome
Although it is possible, recent lack of sell pressure hints that bulls are waiting for the support bids to move upwards. There are no more 10-20% drops like in 2018 - almost every other day. Speaking of volume, for Jan-Feb we have around 2mil traded
BTC's (
https://data.bitcoinity.org/markets/volume/2y?c=e&r=month&t=b). During this period the price went from 3.1K to 3.9K - a similar rise we had in August 2017. Then however, the volume was 5mil, i.e., 2.5x than the current! This shows that
BTC was extremely heavily pannic oversold and now there are not enough weak hands to keep the price down. So now the path to 10K and beyond is 2.5x cheaper for the bulls, compared to 2017. The contrast of the needed volume for such increases is underlined by the fact that since Aug. 2017 additional 972000
BTC's were mined! And one more thing. Some are comparing the gradual rise in 2015 with 2019. But many investors will prefer to overtake the expected rise in Q4 and start investing now or in the coming weeks. Plus, there are estimated at least $10 bil institutional money that wait either for bakkt, fidelity or ETF to enter the market. Soon
BTC will be in the news again and all n00bs will be shocked to see the price revisiting 20K again. Everyone that was buying above 15K and selling below 10K will regret for not hodling!