Will BTC Reject $10,000 Again?

BTC has struggled to break the $10,000 resistance level over the past month. With the current price around $9882 will we finally be able to break out?

I think that we will not be breaking out just yet. $10,000 has been a strong resistance level since mid-2019. We need a strong catalyst to get passed it. BTC was trading with the stock market, but we have not see the furious gains of stocks. In fact, it seems like stocks and BTC are starting to decouple.

Some might see this as bad, but I think it's good thing. As stocks get overheated people will need to look for next asset for gains.

For those who do TA, BTC is forming a bullish wedge and making lower lows with each attempt. These are all good signs and give me hope.

My game plan keep averaging and building cash to jump in once I'm confident that $10,000 has fallen. For this to happen I want to see $10,500 which could send us to 2019 highs of $13,800!

What's your game plan right now?

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.