Long Term View on BTCUSD

Analyzing BTC on a long term basis shows that price failed to keep the recent break above 10k. We can see that there is a tremendous amount of sellers at that level still. The key will be to see if we can get a strong push past once more as it remains a key resistance level. Alternatively, look for short opportunities if price fails to break and sellers take control driving price back down to the 5k level before testing 10k again. Long term I am bullish on BTC, but the volatility may still see it lose half its value once more before testing 19k levels once again.