Hey guys, after my last analysis, the price has moved as expected. Currently, the Bitcoin tries to form a bottom and runs along the lower bollinger bands. This bottom is in the range of $ 8600 to $ 9300. If the bears do not break this bottom we can expect a bull-run in the near future. Should the bottoming fail, the price will go as in the previous W formation analysis to 6000 $ ( Personally, I'm assuming that the bottom will break and we will test the $ 6000 support again, the rsi level is also in overbought direction). By then, the next bull-run awaits us.
Should the bottoming work, the price will move towards weeks to $ 13,500 resistance line