Take a look back. Daily close has pierced the cloud. Last time this happened was the aftermath of BFX hack. If 9k area becomes support we could see a long consolidation then followed by a 3.618 fib target rally and that's 50k. Check out charts of BTC starting Mid August of 2016 then set cloud settings to 20 60 120 30.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.