Agreed. Worst case scenario is probably retrace to $6K or $4K. We have to wait and see if the 200 DMA holds as strong support, or not. HODL'ers are not "out of the woods," yet. People with a bunch of cash, waiting to get in are hoping it happens - but we all have to just wait and see; respond to the market as it happens, depending on your current position.

Right now, there are a lot of different & conflicting opinions about where BTC price action is headed. Most of that is based on the people doing Technical Analysis. You have to remain aware that the daily news cycle, world events, the action in the stock & bond markets, and a whole lot of other things can & do have a psychological & real impact on the price action. And, right now events are happening quickly: good news one day, bad the next. I think people tend to over-react - especially people who are speculators in the crypto markets. It's what makes this space so volatile.