1h
She is putting up a decent and laudable fight at this stage, even while trade volume has remained largely mediocre.... while at the same time, this lingering might be giving some credence to both a Lindy effect theory, and a damn bursting possibility. Though I am NOT going to proclaim to know whether this time around of passing above $10k (presuming that we do) will either endure or if any of us can rest assured that 4 digits has become a view in the rear mirror rather than a reoccurring status.
More we squeeze more sustainable price action will be, it's maintaining well in the upper half of the recent range. I was looking at Bitcoin domination charts as well, going through a strong squeeze on that as well. Tried to breakout few times on different time frames but on domination chart but failed, but more we hit the sealing more we get closure to break it and fly to moon
Another non-technical thing I think is, whales are afraid to dump this time as a different type of whales can end up buying as they are paying a premium on their so-called institution GBTC.
Multiple factors to price action, some we know ahead, some we get to know later and some are never known to anyone. Cheers!
