Wow is all I can say about Bitcoin's price.

With the halving a few days away, are we already priced in? Or is there space for one more last gasp move to 10k?

Let's find out yo!

In this post, I'll explain what's going on with Bitcoin today. I'll also tell you a few strange things I noticed, as well as try to predict where the price might be going tomorrow.(PS: I've actually been spot on correct about my predictions about twice now. Still doesn't mean you should follow them!)

Let's get a chart up in this space, shall we?

We can clearly see that after the move up to 7.7k, a very crucial level by the way, Bitcoin has retraced a bit, but is still waxing strong I'm price. It's still very close to 7.7k, and looks like a breakout to 8k might be imminent.

But something makes me think other wise.

Look at the Bollinger bands. They've started to squeeze. This usually indicates a move to the predominant side of the market trend.

But the predominant trend has actually been down, believe it or not. If it had been up, then price would have passed 7.7k by now.

But the readings from just one indicator aren't enough to justify trends.

And you're right. So we look to two other tools. The RSI and the volume.

The RSI has been dropping since the move to 7.7k happened. This signifies that buying pressure has calmed, and that the sellers are getting their way. And we all know that sellers drop the price like it's hot!

But we need a trifecta of signs to really pinpoint the price movement.

And our final indicator is the one most people overlook: The volume.

The volume has dropped significantly. I did a little math, and found that the BTC volume in each of those candles was about 120BTC, down from 13000BTC that fueled the move up to 7.7k. This is my final indication that up might no longer be the way.

So when the bands squeeze either today or tomorrow, two things might happen.

Human emotions might override my analysis, and pump it to 8k. Which is 100% a possibility.

Or price could follow my analysis, and fall to support at 7.2k, and then to 6.8k, and range in that area before the halving.

We'd have to wait till tomorrow to find out.

Thanks for reading, and remember that the halving is a few days away. That means you should stock up on BTC, and what better way to get BTC than for free? Sign up here to claim yours now.