Analyst: BTC is still bullish, or will rebound to $10,000

Moon Overlord, a cryptocurrency analyst, posted a chart on BTC prices on Twitter, with a message: "Why not rise to $10,000." The chart shows that BTC is still bullish as its trading price is above the key resistance at $7,000, $7,300 and $7,400; and continues to trade in two clear parabolic modes, both of which are not yet fully vertical (this marks the parabola The end of the trend). Coupled with the recent largest buying cycle in Bitcoin on BitMEX, Overlord believes that Bitcoin may soon break through the current resistance at $8,400-8,500 and then start to rebound to $10,000. However, this may be the end of the uptrend.