BTCUSD - Upcoming trend reversal on major resistance

The price is heading to the descending channel resistance around 11500-12000 where we expect a reversal of the trend. A first target would be $8000. On this level a little pullback to $9000 is possible before going down to $6500.
At this point, an important rebound from 6500 to $10000 is expected because of the weekly up trendline on which the price has already bounced on February 5th.
In case of a breakout of the resistance at 12000, we can obviouly consider a next target around 17000 before seeing a pullback.

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Totally agree with this analysis
+1 回覆
SuperSignalFX rohitphoenix
@rohitphoenix, Thanks
possibilly we will see the alternative scenario
+1 回覆
@ErsozSozer, We will get the answer very soon :)
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