Bitcoin is currently in a holding pattern, between the 200MA and previous resistance-turned-support. As long as we hold this support, we are poised to go higher.
First target is the 9500, then around 11000.
The most bullish scenario would be to consolidate here for a day or two, pop above the 200MA, which would then act as support on the way up to 11k.
Should we fail here, falling below support, that would postpone 11k and open up the possibility of a retest of July lows.
First target is the 9500, then around 11000.
The most bullish scenario would be to consolidate here for a day or two, pop above the 200MA, which would then act as support on the way up to 11k.
Should we fail here, falling below support, that would postpone 11k and open up the possibility of a retest of July lows.