01/09/2020
Coming from the monthly close on a spinning top type candle on the daily chart for Bitcoin and also from an uptrend, if the daily retraced down I would expect a bounce off the first purple box to continue the bullish momentum and resume the uptrend.
If this was the case, there are still some barriers we need to clear before we would hit my expected target of around 13k mark. Staying above the 11.7K then the 12/12.1K levels would be key for this to play out.
Hoping this is the scenario, BTC should be able to clear the 12.5K barrier and continue upwards.
If this was the case, there are still some barriers we need to clear before we would hit my expected target of around 13k mark. Staying above the 11.7K then the 12/12.1K levels would be key for this to play out.
Hoping this is the scenario, BTC should be able to clear the 12.5K barrier and continue upwards.
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