BTC is bullish!
Hi, mates!
Local situation is bullish.
The lows haven't been renewed.
Each one is higher than the previous one.
We see a volume decrease during the fall.
Stop orders caught under $9900 (pivot from Sept 11th), as well as the price coming back to the main trading zone aren't favourable for the bears. They didn't manage to create a lower low at high timeframes.
The price is in the local descending channel, which also supports the idea that it's a correction, not an impulse.
We're expecting the market to go up from the descending channel towards targets above 14k.
Stay tuned and follow us for updates.
Local situation is bullish.
The lows haven't been renewed.
Each one is higher than the previous one.
We see a volume decrease during the fall.
Stop orders caught under $9900 (pivot from Sept 11th), as well as the price coming back to the main trading zone aren't favourable for the bears. They didn't manage to create a lower low at high timeframes.
The price is in the local descending channel, which also supports the idea that it's a correction, not an impulse.
We're expecting the market to go up from the descending channel towards targets above 14k.
Stay tuned and follow us for updates.
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