BTC/USD is currently trying to stay above $10,000 which leads me to believe we have a shot at testing the major down trend resistance. A break above the downtrend resistance and proper consolidation can give us the push needed for the test of $20,000.
Currently upper time frames including 1 Day are in need of a retrace, expecting consolidation between $10,400 and $9,800.
A retest of a lower support is also likely with $9,300 being ideal retest for a new push to a new high.
Local Trend : Bullish
Global Trend : Bearish
Current Play : Break out buy or retrace buy.
Currently upper time frames including 1 Day are in need of a retrace, expecting consolidation between $10,400 and $9,800.
A retest of a lower support is also likely with $9,300 being ideal retest for a new push to a new high.
Local Trend : Bullish
Global Trend : Bearish
Current Play : Break out buy or retrace buy.