BTC (4H) 2020-10-14

According to trend analysis and Elliot wave theory, it would be expected to fill the demand zone in order to test trendline at 12k. Then, with covid cases rising again, SP500 being on the verge of new sell-off and Dollar Index ready to sink markedly, it will be most interesting to see whether the trend-line will be crossed right away or we'll witness a pull-back as suggested. Nevertheless, there's no doubt BTC is on it's way up, long-term.