BTC is at ATH levels already without taking a breath on the way up. I believe we will see some heavy sell pressure at these levels which will push the price down for now. Here's some of my reasoning:
- BTC has seen a sharp rise since the beginning of this year with no time for it to breathe.
- Cyclically, ATH breakout occurs November of this year which is still 8 months away.
- Volume is low
- Orderbook has lots of sell orders at 70k.
