Hello Folks,
I thought right now is a good time for another update. As we approach 9k. over the past few weeks i been bearish. We still can go down when we hit 9.2k. But the price movement tells otherwise. The price has broken some key resistance level in the last 2 days. Which is healthy for bull action. Anyways we can still expect a downturn from 9.2k which used to be a major level before.
Bullish CASE:
If we cross 9.2k we can go straight to 10k and then 11.2k a major downward movement is expected to happen at 11.2k however we do break 11.2k the bearish movement will stop.
Bearish CASE:
Expect price to drop from 9.2k. to 8.4k then 7.8k
NOTE: This is for educational purposes only. I do not have any open positions in BTC.
I thought right now is a good time for another update. As we approach 9k. over the past few weeks i been bearish. We still can go down when we hit 9.2k. But the price movement tells otherwise. The price has broken some key resistance level in the last 2 days. Which is healthy for bull action. Anyways we can still expect a downturn from 9.2k which used to be a major level before.
Bullish CASE:
If we cross 9.2k we can go straight to 10k and then 11.2k a major downward movement is expected to happen at 11.2k however we do break 11.2k the bearish movement will stop.
Bearish CASE:
Expect price to drop from 9.2k. to 8.4k then 7.8k
NOTE: This is for educational purposes only. I do not have any open positions in BTC.