The April storm has passed and, although the forecast looked bleak for Bitcoin for a while, bulls are breaking through the clouds and another yet higher bullish momentum may blossom.
We are very close to a crucial zone. Up we are at 9.53% of the All time Hight, down we are at 10.53% of the last support within the Consolidation Zone. I believe that this week we will start a new UpTrend or DonwTrend, and we will start making money again. Capitain Blackbeard.
After Biden won the United States elections, BTC fell 2.36%, from $ 15,504 to $ 15,138.
The uncertainty continues, but now it's like breaking a triangular formation.
Recently, $ 15.5 million from the Satoshy era, extracted in 2010, was transferred, which can cause many fears as well.
Now BTC is like retesting $ 15,660 then $ 16,000 (AKA $ 15,979).
The price of Bitcoin is as if waiting to react to the uncertainty of the Presidential Elections,
a) After the latest news, BTC dropped from around $ 16,000 to $ 15,200 and went back to $ 15,3xx;
b) BTC needs to test $ 15,500 and $ 15,979 before going up again;
c) Upward resistance is at $ 15,500, $ 16,000 (AKA $ 15,979), $ 16,700, $ 16,720;
d) The next support, if...
Crossroad again if the price break the resistance line will go retest 11K, but if don't next stop at 10.5k
(Note : in my last publication 3.44% up from the engulfing patters 25x times on Kraken futures equal 86% profit in Easy money on my pocket)
It appears that XBT is stuck in a crucial range above $ 10,550. Bitcoin's price is still struggling to overcome resistance between $ 10,950 and $ 11,000. Possibly there will be another attempt to exceed $ 11,000
Next supports $ 10,555 and $ 10,200 and next resistances $ 10,800, $ 11,000 and $ 11,167
