
September 2019, this was the last time Bitcoin would be above 10,000 USD (Minus 6 days in February 2020 and around 48 hours total since then to today).
If you look over the price history of Bitcoin, its spent a very small amount of time over the 10k mark, however we are now sat right under, yet again.
Depending on where you look , you will see two very different opinions on this. Most of the "Crypto Experts" on youtube will have you believe that we are moments away from a bull run that will take Bitcoin over 10k, with some suggesting we will never be below it again. Not all of the Crypto Bulls are that optimistic however there is a small minority who believe the price action we are currently seeing is actually Bearish.
The Bull argument is simple, we are putting in higher lows, which is bullish. The bear argument is also simple, we cant sustain any sort of run over 10k, it always comes back down very quickly and soon we will descend down and put in a "lower low", leading to more "lower lows".
The truth is, whilst we are crabbing (moving sideways) like this, neither side wins and no one who claims to know which way it is going to go can say so with absolute certainty. We can see a big move is coming, but we cannot say whether it is to the upside or to the downside. The price and movements are getting closer and closer together. The pressure is building and soon, we will see it burst. What we cannot say is which way.