So BTC has started a down trend. Indicators and trend analysis signalling BTC making lower highs and lower lows so far. A third lower high and lower low will be a final nail causing BTC to drop from $10100 to around $9500.
$9800 support level proved to be much stronger than I imagined. $10,000 has become new short-term resistance. It has to break $10,500 to end the weak downward trend though before it takes off to test higher resistances and make new highs. As of now, it looks like BTC will rise above $10,000 any time now. However, I wish it hits a little lower, maybe $9500, to have a strong bounce and completes the inverse head-and-shoulder.
That's all for now folks. Let's sit back and watch the situation develop further.
It looks like BTC will fall lower than $9,000 maybe between $8500-$8900. Anything lower is unlikely but still a possibility because it's cryptos. However, the bounce from that level will be stronger and BTC will quash all of it's resistances all the way up to $12,500 where a strong resistance awaits.