BITCOIN WITHIN ACCUMULATION CHANNEL FOR BREAK OVER $10K - CM101
BTC / USD TA
In short to medium term which in this case would be the month of November, Bitcoin is actually showing some bullish signs as we move forward. Currently located within the accumulation channel, it is likely to see it move north over $9,500/600 resistance line and into $12,500+ territory by end of November. Of course there are bearish scenarios still in play which include us testing $8,600/800 liquidity zone and dropping below. Even though those scenarios seem far reaching, they are likely if Bitcoin fails to maintain itself at or above $9,000 support.
In short to medium term which in this case would be the month of November, Bitcoin is actually showing some bullish signs as we move forward. Currently located within the accumulation channel, it is likely to see it move north over $9,500/600 resistance line and into $12,500+ territory by end of November. Of course there are bearish scenarios still in play which include us testing $8,600/800 liquidity zone and dropping below. Even though those scenarios seem far reaching, they are likely if Bitcoin fails to maintain itself at or above $9,000 support.