As everybody is very positive about Bitcoin getting out of a correction these days, there is still one VERY STRONG rezistence that the price has to go through. Where is the rezistance? it is where the price is now, at around 11 600 USD. We have seen massive candles to end here a lot of times + this is the rezistance zone of the whole downtrend channel, so there is still quite a nice chance that the correction is not over yet, or that we will get one more pullback to levels like 10000 or 9000.
Anyway, if the bull are in a good condition, we could also breakthe rezistance lines. In this case I would await a pullback to the trendline from the upper side (and this is the right place for orders with a tight stop loss). And exactly from this level I am awaiting the price to head up to new highs!
Anyway, if the bull are in a good condition, we could also breakthe rezistance lines. In this case I would await a pullback to the trendline from the upper side (and this is the right place for orders with a tight stop loss). And exactly from this level I am awaiting the price to head up to new highs!