New uptrend on the way to $11.8k? Can we even reach it again?
The 6k bullish trend reversal was met with heavy resistance around 11.8k
Price has retraced 50% after a 2 week uptrend and corrected in the 9.7k zone.
Currently in the uptrend and above 10.2k where it needs to close to confirm it.
My speculation is that we will hit resistance around 11.2k and bounce down, retracing to support level of 8.7K
Price has retraced 50% after a 2 week uptrend and corrected in the 9.7k zone.
Currently in the uptrend and above 10.2k where it needs to close to confirm it.
My speculation is that we will hit resistance around 11.2k and bounce down, retracing to support level of 8.7K
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