I said 13-13.5. We'll see how she goes
Only less than 4 days for the
close of the poll timeline.. and several of you guys are subscribing to a kind of "the trend is your friend" BTC price theory for the upcoming days. Whoazza
![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
I won't complain if a MOAR bullish than expected BTC price performance situation plays out...
And, I already mentioned, a couple of times, I believe, that I am not personally going to be inspired with confidence about 4 digits being in our BTC price history (or in our rearview mirror) unless we get above our June 2019 high of $13,880.
I made my call based on that ~$13,800 resistance. I'm guessing we'll bounce lower off that by Friday.
PS: By the way infofront, I just realized that you seem to be suggesting that you are anticipating a BTC price correction on or before Friday
(that's how I read "by Friday).. so you are anticipating up and down before Friday, but then by the close of business (which maybe would be 5pm UTC or something like that when the daily candle closes), then the BTC price would remain within the range of your $13-$13.5k prediction? I would not consider $13-$13.5k to be much of a correction if $13,880 might be the top for this period.... but hey, your scenario is more optimistic than mine, and you are not going to find me whining about not having enough bitcoin (unless, I am just faking it.. hahahahaha)..
$13-$13.5k is totally possible by Friday, not just because
anything is possible in Bitcoin, but because price made a considerable move yesterday that could easily be the beginning of a parabolic run to higher levels. To me this means price can correct back down to $10K to find support and move higher in a more sustainable manner (hopefully), or otherwise, if we don't see a correction continue by tomorrow, and instead Bitcoin moves above the recent $11.4K high, then somewhere upto $14K could easily happen within 48 hours (confirming a parabolic move). This doesn't mean $10K wouldn't get re-tested if price confirms a parabolic move, just that it'd be slightly less likely imo.
Personally, I think consolidating lower to confirm the breakout is more likely, could take a few days, even a few weeks. But more relevantly, if this doesn't happen, then $14K levels by the end of the week is totally feasible. Bare in mind Bitcoin moved 25% up within just 7 days. If the days of the week were ordered differently, the Weekly candle would not be considered a break-out engulfing candle, but also a parabolic move*. Ironically this wasn't the case, but it doesn't mean price didn't begin a parabolic move, only that the first day of the week in Monday and therefore there is much less confirmation of this parabolic move.
*Worth remembering that in April 2019 Bitcoin moves 24% up in price within a week after also being in a range for months, but took a few weeks to consolidate the new price level before moving much higher. Don't be surprised to see price move sideways for a considerable amount of time without a $10K dip occurring either.Hodl on I say, buy the dip at $10K if possible