I think the bitcoin is in mainstream media and that is the only reason for the high prices these days. The facts however are the bitcoin is overpriced.
The greater resistance has bitcoin on these indicators the greater the elastic effect will be in the opposite direction.
I believe it is time for shorting the bitcoin . Think we will be lucky of we get the bear trend again back at 7700 eur per bitcoin . Think the greater the swing is the more chance we have to reverse the strong .
My concern is however that until 10th of December it will really mighty pump, the more pumped the bitcoin is the bigger the blow will be.
The bigger the blow is the greater chance is to reverse the bullish trend of the bitcoin from the last years.
My point is that the greater price it builds the greater will be the shock once the whales get cash outs.