Will the Bulls bounce BTC past it's 12k mark?

~Indicators~

Ichimoku Kinko Hyo

- Chikou Span (Green) - Our lagging line looks as if a cross down motion over price, this indicates consolidation after the recent rally we saw when the Chikou up-cross at $10,260.

- Tenkan Sen (Red) - We see the turning line still making fluctuations and tells us the market is still trending, and not yet ranging.

- Kijun Sen (Blue) - The standard line is sitting directly on top of our 4 hour bearish candle, which could indicate that the price has a little more room to fall before it finds its support.

- Senkou Span (Cloud) - Luckily both Senkou span A, and B are acting as support at 10,227 & 10,474 respectively.


MACD - We're currently in bear territory and reaching the oversold point. This signals a potential reversal in trend soon in favor of da Bulls.

Stochastic RSI - The StochRSI is very low indicating a bullish move could be seen soon.

~Chart Pattern~

Ascending Triangle as a reversal - We can see Bitcoin has formed a clear ascending triangle pattern, although we may be seeing consolidation now, the price is forming Higher Lows. Don't forget that we have Senkou Span A and B acting as support as well. I believe there is strong potential for a break to the upside

~Fibonacci Retracement~

Fibonacci is backing up most of our other indicators and signals in that, we see strong support on Bitcoin at 10.5k the .786 fib level. If Bitcoin can break to the upside of it's ascending triangle pattern we see the fibonacci channels are clear for a bull run between 12k-15k.


~Slyxus~