#BTC/USD Ready for $12k?
Updated
Hello everyone. Thanks for coming by to my new Update on BTC.
#BTC seems to be going a bit sideways for the next few days.
The long term lower trendline support turned resistance is now broken and could easily work as a support.
Other Important Support Levels: $8700, $8300 and 7982 which also happens to be the 200D MA.
I think if we can break above the Orange Triangle we BTC will officially enter into a new BULL RUN.
IMPORTANT RESISTANCE LEVELS: $9300, $10400 and $11800. If BTC manages to break above these levels we can easily see BTC reaching the $12000 mark after that we can witness a huge retracement.
All that we need is BTC to hold the lower orange line as a Support. Break below this could lead btc to low 6ks and even 5ks. Unlikely but possible!
Stay tuned I'll update other ideas with shorter TF for you to understand.
#Please hit the LIKE button If you like my charts and follow me for such updates.
Thanks again.
#PEACE
#BTC seems to be going a bit sideways for the next few days.
The long term lower trendline support turned resistance is now broken and could easily work as a support.
Other Important Support Levels: $8700, $8300 and 7982 which also happens to be the 200D MA.
I think if we can break above the Orange Triangle we BTC will officially enter into a new BULL RUN.
IMPORTANT RESISTANCE LEVELS: $9300, $10400 and $11800. If BTC manages to break above these levels we can easily see BTC reaching the $12000 mark after that we can witness a huge retracement.
All that we need is BTC to hold the lower orange line as a Support. Break below this could lead btc to low 6ks and even 5ks. Unlikely but possible!
Stay tuned I'll update other ideas with shorter TF for you to understand.
#Please hit the LIKE button If you like my charts and follow me for such updates.
Thanks again.
#PEACE
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BCT needs to break above the orange line and sustain on that level with a healthy retest.
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