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BTCUSD Bitcoin possible minor breakout to test 9000 line?

BITFINEX:BTCUSD   Bitcoin / Dollar
BTCUSD             Bitcoin             possible minor breakout to test 9000 line
and into the target box above the 50% Fibonacci retracement between 9000 and 9800?

Caution! This is a technical analysis , no trade advice!

Kommentar: slammed right into the target zone on strong US CPI data
Kommentar: - BTCUSD posting new monthly high at ~10860 -

BTCUSD slammed right through the targetzone (0.5 to 0.681 Fib levels)
and into the 0.786 Fib retracement of the last downside move.

I see this as a very bullish formation.

However we will have to consolidate and gather further momentum
to break the multi-month downward ceiling trendline, coming in at around ~11500 to ~12000
and eventually close the gap from January 28th high at ~12190.

At the short-term I see solid support between ~9800 (0.618 Fib former resistance) and ~10300 (multi-week support).

Have a great week-end!
- BTCUSD posting new monthly high at ~10860 -

BTCUSD slammed right through the targetzone (0.5 to 0.681 Fib levels)
and into the 0.786 Fib retracement of the last downside move.

I see this as a very bullish formation.

However we will have to consolidate and gather further momentum
to break the multi-month downward ceiling trendline, coming in at around ~11500 to ~12000
and eventually close the gap from January 28th high at ~12190.

At the short-term I see solid support between ~9800 (0.618 Fib former resistance) and ~10300 (multi-week support).

Have a great week-end!
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Hourly bull div as well?
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@Gutshot, lol nevermind. Not sure if the marginally lower low on the oscillator counts for much.
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@Gutshot, it does. but i see current news distorting the technical analysis. today thailand ordered to have all investment and business in relation with cryptos banned.
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