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RE: This is Why You Buy the Pullback of New Highs and Not the Breakout of New Highs (BTC Analysis)
Blow off top. That 10k was a psychological level so once it broke people are like "oh shit I gotta get this" which gives it that last kick on a move that was already overextended.
Coinbase went down at one point from all the traffic to its site.
BCH couple weekends ago made a similar move, went parabolic over a one hour span and then crashing down.