sir.rising.eagle

sir.rising.eagle

Bitcoin is in a critical zone. Current price is near a major trend line and a support line (10000$). It seems bitcoin will rise to 11200$ price zone in short term. However if bitcoin continues the current movement and break both trend and support line, it will fall to 8500$ zone.

sir.rising.eagle

In the daily time frame, the price is dealing with a major resistance around 0.000061 BTC and by breaking the resistance it can rise to 0.000080 BTC in first step and then 0.000100 BTC. On the other hand a cup and handle pattern is forming and it seems this coin will hit the targets. Also if the price could not pass the current resistance it may fall to 0.000051 BTC.

sir.rising.eagle

After crossing a long term trend line and a resistance in 0.27$ the price can hit 0.38 and 0.44$ otherwise it will pull back to the trend line