Meanwhile, there are obvious divergences in , , & . However, these divergences simply mean minor adjustments may or may not come in the next weeks.
As mentioned in an earlier post, the price of BTCUSD only makes sense if you look the log of log. If we take the natural log, at 5k USD it is 2.142 while at 8k it is 2.196 -> only a 2.5% growth! Now, an asset that grow 2.5% a week is , but not alarming at all.
It is very difficult to see the price of BTCUSD fall below 8k at the moment. By December, it is also very difficult to see it below 10k.