So BTC is trying desperately hard to keep the uptrend from 6k alive. This is steeper than our previous run from 6k to 12k so it's going to be very difficult to keep this going with strong resistance above us. We're constantly wedging and falling to lower support levels but managing to stay away from the 6k trend (GREEN LINE)
Our long term downtrend has been broken on some exchanges but has not held on any, I think we could see one more push to break it but we're running out of time and space to do so before losing main support. There is a bit of a channel which could form and hold as a lower support after the green line, this would give us a more reasonable pattern to follow moving forward.
If we do drop further then I'm seeing 10200 and 9000 as good support, I'll chart these up separately as this chart is already completely crowded up!
Our long term downtrend has been broken on some exchanges but has not held on any, I think we could see one more push to break it but we're running out of time and space to do so before losing main support. There is a bit of a channel which could form and hold as a lower support after the green line, this would give us a more reasonable pattern to follow moving forward.
If we do drop further then I'm seeing 10200 and 9000 as good support, I'll chart these up separately as this chart is already completely crowded up!
Join our Discord :D discord.gg/YPuUkqKe5V
discord.gg/BtTzCeX