Considering mid term strength and an inverse H&S with neck of a right shoulder around 9890 the range can be 12500+ - from 12k local high to the left side of the neck is 30% gives the range up to 12860 - all depends on the momentum and the FOMO.
If not already in a trade I'd consider an entry after breakout confirmation or after breaking another local downtrend around 10100.
What's noticeable i.e. on 1H chart there was very nice price action since 8820 with 5 higher high so far - I cannot remember to see any clear price action on bitcoin so far - anyone knows other example? Can it indicates new kind of traders came to the market or again just a fake signal? :)
If not already in a trade I'd consider an entry after breakout confirmation or after breaking another local downtrend around 10100.
What's noticeable i.e. on 1H chart there was very nice price action since 8820 with 5 higher high so far - I cannot remember to see any clear price action on bitcoin so far - anyone knows other example? Can it indicates new kind of traders came to the market or again just a fake signal? :)
