Bitcoin refused to fall below $ 6,500 and began to grow.
https://app.icex.ch/ru/feed/technical-analysis/4945-bitcoin-refused-to-fall-below-6500-and-began-getting-weight
And at a really confident pace - we can already see a 50% correction level off the fall from $ 11,500 to $ 6,500.
The fourth consecutive white weekly candle is a serious application for a medium-term upward trend. Of course, the current week is not over yet, however, on both the weekly and daily charts the picture indicates the high probability of this growth continuing for the next week or two.
In case of overcoming the current local resistance of about $ 9,200, the next, more serious level of resistance is between $ 11,000 and $ 12,000.
And it won’t really matter whether Bitcoin will get past this level or not, in any case, we will see at least a correction from this area. So this mark can be taken as the immediate goal of growth.
If BTC fails to take $ 9,200, there’s a high chance that the decline will resume back to ~ $ 7,000. And now, on it’s third attempt, the chances of Bitcoin breaking through this support level are quite high.
And in this case, the first goal of reduction will be at about $ 4,000.
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Topic: Bitcoin. How Long Will The Growth Last? (Read 88 times)
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