Well here we are .. about 5% away from ATHs.
Who would have thought we'd erase a 3-month downturn in 1-month from end of Oct to present date. Short sellers caught off guard with the violent move up and forced into perpetual short covering which was then followed by big money jumping in to avoid missing the run.
We've finally hit a roadblock around $460 level...
At time of writing we're tagging ~$43,7xx
Markets getting euphoric here with indexes like AMEX:SPY and NASDAQ:QQQ near ATHs. Keeping in mind that usually BTC trades in tandem with the indexes so we wanna be cautionary of continued upside.
Also with crypto stocks like COIN, MARA, MSTR, RIOT showing some relative weakness today (Dec 4, 22023) with bitcoin...
