I mean’t all the text was short for .... back to 6500-ish next week i your opinion
Oh? I misread what you said.
I think that it is difficult to summarize something like a prediction from me, in the context that I am putting the prediction down to a sentence or two, because I don't tend to frame predictions like that.
In essence, I am currently asserting that we seem to have greater than 50% odds of going up from here - perhaps that could take us all the way to $6,500 which seems a decent resistance point, but I have no idea about whether momentum will take us all the way up to that $6,500 point, because we could go down first.
Anyhow, one of the reasons why $6,500 seems so reasonable, in terms of a possible resistance point is because we were recently knocking at its door about a week ago, and just before a lot of the recent bcash uncertainties. Furthermore, there has not really been any negative BTC specific news recently, while we have the likely going live of the BAKKT on 12/12.... which ultimately should be causing upwards BTC price pressures.
Even saying all that, a turd in the direction, and significant movement in the downward direction could throw things, and none of us knows if there is some BIG banker or someone else who wants to throw a few thousand BTC in the down direction to see whether BTC can absorb it. So, I doubt that I am even saying that odds are greater than 50% that BTC prices are going to $6,500 within a week, even if I am saying that going to $6,500 within a week seems amongst the best of the scenarios based on current information... but maybe by the time we add them all up, that particular scenario might only amount to 35% (even though it is still the best one).
Edit: I forgot to mention this lingering USD tether difference that Hairy refers to from time to time and even pointed out it to be increasing.. so yeah, it has bounced between about $50 and $250, and currently such difference is floating around $150. I would feel a bit more comfortable if the difference was on the lower end, because having such a considerable difference does seem to add to uncertainty regarding how various exchanges are performing and factors that can spark off pumps or dumps that are sometimes basd on phoney factors rather than more organic price movement, which would be more bullish, overall.