Great analysis. I think that the $8.3k resistance is a level to watch for. We've now tested this level twice, and we'll see if BTC can breach it today as well. If BTC reaches or exceeds that level, it will most likely signal much greater growth upwards to the $9k resistance.
I don't think that we'll be looking at a regression back to under $7k any time soon, however, it's possible come correction of this pump that BTC does go that low.
I personally expect this rally to go to around $10k, then see a big correction due to downward selling pressure of the bears, before another period of bearish market activity. The main recovery isn't underway yet and probably won't be for a while.
I don't think that we'll be looking at a regression back to under $7k any time soon, however, it's possible come correction of this pump that BTC does go that low.
I personally expect this rally to go to around $10k, then see a big correction due to downward selling pressure of the bears, before another period of bearish market activity. The main recovery isn't underway yet and probably won't be for a while.
Well it did touch the 9k resitance point but then as expected, a correction came in. We probably won't be seeing a 10k run just yet but who knows. At the moment, the run that started a few days back may have halted for a while.
personally i think we will see it in a few days later,
as we expected $9000 is a resistance for Bitcoin right now,that means we may see it surpassing that point to reach its major level in around $10.000 or it may be not.
in my opinion $9000 is not a big deal for Bitcoin because right now IF we are on a reversal trend*,*it could go higher and surpassing those level.
and right now many alts started to bleed,it might be because of Bitcoin.
the money might be started to flow from altcoin to Bitcoin,so it could go up from this point and breaking its major resistance.
everything is possible,but i hope it's Bitcoin scenario.
so we can start the party after it stabilize itself in around $10.000