Several weeks ago, those bearish on crypto were talking about BTC possibly falling below $2000 (Hyperwave and Optical Art with the FIB circles). Even the bitcoin bulls acknowledged significant resistance at the $6000 level and that after the quick move from around $3500, a strong pullback was a real possibility. BTC blew past all that resistance like a football player going through a paper banner as team introductions are being made. It briefly paused at $7000 but quickly moved to $8000+. The last couple weeks we have seen a wedge pattern indicating an impending strong move (could go either way). Well it looks like $10k is the next stop.
At some point there will be a pullback but I saw some video recently mention there were 5 million Coinbase accounts so there is not enough bitcoin for even the Coinbase account registrants to hold just one bitcoin. Over the last year and a half I have been educating myself on blockchain technology but was hesitant to actually put money into cryptocurrencies (crypto critics do have some legit arguments). However, there are also some arguments for holding a small amount of an emerging asset class. So today just hours before the breakout I bought a token FOMO amount of BTC and ETH - my first crypto purchase other than crypto-related domains. Given numerous YouTube commentators cautioning in recent weeks of an expected 30-40% pullback I did not want to risk much. But I am now a very, very small part of the crypto ecosystem. However, I would actually welcome a pullback as it appears institutional investors are now on board and that is why what appeared to retail investors as resistance is no longer relevant.