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