Well the prices may not have been indicating where they are heading towards but one psychological thing that everyone is aware of is the CME gaps.
Well to be honest so many people are eyeing for that 9600 gap to fill and they have literally placed order in advance.
Now just imagine from a whales perspective are they that stupid that will let the common public to fill their orders so that they can take advantage.
You must have seen the price fell down to 9800 again and again hitting that hard but did it fall from there no it bounced every single time everyone was panicking.
Just a psychological game to play at this moment.
I am sure there are many people becoming bitcoin holders now.
Sometimes gaps are never filled. When the market is going up, that's bullish. 😎