We have found a great deal of resistance a number of times now at $11,700 and everyone is on the fence about deepening any more positions regardless of been long or short. The trading range feels like it should be playing between $11,700 - $8300. Transaction volume is at a 2 year low.
Won't take much to pull the carpet from under btc's feet.
Target 10k and I'll update if I get blablablabla likes or shares or whatever.