The volume has exploded. An unusual buying activity took place, 295M USD in 7 minutes at the $10k level. So many purchases in such a short period of time does not suggest an immediate descent. But is that why we’re going to see the BTC go up to $12k? That’s one possibility.
(1) To believe in this scenario, a price closure over a horizon of at least 4 hours will have to close above the $11k level in order to see a higher high.
(2) However, if the price fails to pass this level because the volume no longer follows, then in this case it is possible that the starting assumption remains plausible. A return to the 9200 is in order to finally complete the gap and start again. For the time being, be very careful.
