There were fears in the industry of big drop down once this level of resistance was reached.
BTC/USD 4hr chart by Tradingview
But that hasn't happened and it continues to retain these levels.
$10000 is the goal in the short term, because try as it might it is a major level of resistance and it just can't seem to go much above that level before dropping down again.
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If the price continues to be supported and it does manage to go above $10000 and stay there, then a big move up could happen.
But that is a big if, I am holding on to my Bitcoins because I'm not too worried about a big drop at this stage.
What do you think? Comment below...