Bitcoin recently ran up, and is now testing the 100 Moving average. If it passes the 100 day moving average, then It is going to run up to 10k, as there is no other major point of resistance. However if it fails, it will retest the support at around 6k, before being pushed up out of the channel, and towards 10k. I believe it will fail since the bollinger bands have opened, the volume is drying up, and its starting to lose momentum as indicated by the trailing candles.
Its probably going to fail this first test, since theres no good news or reason for bitcoin to come back up. Lightning network isn't implemented enough for it to be a major development(ie. Can only handle $700k of transcations out of a $129,123,269,180 network) so its going to need some time to grow and improve user friendliness. Maybe the time till september will be that, but probably by next year it should be functional to the point of practicality for average users.
For now though, Bitcoin should stay between 6k - 8k, with 10k being the very max.
Its probably going to fail this first test, since theres no good news or reason for bitcoin to come back up. Lightning network isn't implemented enough for it to be a major development(ie. Can only handle $700k of transcations out of a $129,123,269,180 network) so its going to need some time to grow and improve user friendliness. Maybe the time till september will be that, but probably by next year it should be functional to the point of practicality for average users.
For now though, Bitcoin should stay between 6k - 8k, with 10k being the very max.