I missed yesterday's move big time.
After beating myself up about it for the past 7 hours or so, I have gotten off my ass to do some analysis.
Here's what I've found.
Bitcoin has passed the most important resistance on the road to 10k: The $9600 mark.
Having rocketed through that resistance like it was a piece of paper, BTC has found a new home to range in: The $9590-$9860, forming a few short term resistances there.
Is this a good thing? Definitely not.
Continued ranging around that area will lead to the Stochastic crossing into oversold regions, leading to a possible drop in price back to the $9600 resistance which will be turned to a support.
As if this isn't bad enough, further range movement will lead us back to the 9300 resistance which will also be turned to support.
As if THAT wasn't enough(I'm really getting tired of this), further ranging will lead us to $9000. It's almost certain that we won't see the $8000 region any time soon.
However, for BTC to move up to the $10k range, there is a small resistance at $9900, which bitcoin has historically bounced off of, before leading to $10k.
If history is anything to go by, we might have to cross this level first and range around there a little, before blasting past 10k all the way to the resistance at $13800.
It's s good year boi.
PS: I have about 3 open positions right now, so this analysis is coming from a bullish bias. There are worse things that can happen, but this is the best case scenario. Please don't make important decisions based off of this.