Right now, there is an ongoing correction. However, the major uptrend is still valid. The target area of BTCUSD is around resistance R2 at 12054.
Pivot Point is 11366. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
Pivot Point is 11366. Below Pivot Point, there is a bearish scenario, above a bullish one. Fluctuating around Pivot Point means an undecided scenario and a sideways movement.
Note
If BTCUSD falls below support 10128, the uptrend might end and the old down trend might take over again. In this case, the target would be 5511. 
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Disclaimer
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.