Each time bitcoin Reach 12k - 12500 it comes back and retest 9000-9600 area. ALWAYS
ALWAYS this area it fails to KEEP. ALWAYS. If we are in BULL MARKET bitcoin needs to reverse from this area. (FIB SUPPORT AND CME GAP)
If we fail we move straight to 6000-6500 where bitcoin it confirms A-B-C-D-E elliot waves inside Symmetrical Triangle. On this area we have also FIB GOLDEN POCKET HISTORICAL SUPPORT.
By breaking 9000 - 9600 area, we break Rising Wedge. The target of this wedge is 5000-5200 area. So a wink from 6000 to 5000 it will not surprise me.
TREBLE BOTTOM is formed if we fall this lower price.
Treble bottom is one of the most aggressive BULLISH PATTERNS as it brings A HUGE VOLUME.
Hello, I read your analysis and saw your graph but I do not agree with the minimums you propose, since a retracement to 5k or 6k would not increase the volume but rather would discourage strong investors and only BTC fans and us would be invested We are not going to take the BTC to historical highs, if it does not break 12k it could go down to 10k and it would keep trying until it breaks. Regards.