The uptrend has taken over.

Long-term:
BTCUSD is an uptrend. Its target is 12510.

Pivot Point is 9837. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.

Kommentar:

Short-term:
The target of the current minor down move is 9631. Will BTCUSD reach this target? The answer of this question will tell us how strong the major uptrend in force is.

Kommentar:

Bitcoin did not reach the target of 9631. However, it reached the next, upside target of 10032. It may even be that it rises higher that this target. This shows clear that the uptrend is strong.