BTC has been in an uptrend scenario since mid-March. Here is what I believe is possible in the near future in terms of correction, based on trend/chart analysis.
Around $9K: This will be the first pullback and should happen soon (almost there), unless bulls overpower the market. Around $9k we will test the top of the 2018 downtrend channel, as can be seen by...
Bitcoin bounced off $9,920 and aims higher, or so it would seem. Resistance levels forward might include:
$10, 150
$10, 300
$10, 450
$10, 650
$10, 800
$11, 000
Failure to sustain $9,920 or higher as support means BTC is going to $9k or less on the short term.
Since crypto and the stock market recently move hand-in-hand, below you can find a...
Bears were rejected multiple times and have so far kept the support at $10k price range. Two possible pattern were formed on 1H timeframe, signaling at a possible short-term reversal of downtrend. If prices stay above the shoulders' lowest value, it is highly likely to continue up.
Judging by the BTCUSD/SPX chart below, we are testing the downtrend channel in...
