BillCharison

$BITCOIN - Bulls don't want to give you

COINBASE:BTCUSD   Bitcoin
As we wrote in the previous idea, the price keeps trading inside the ascending channel with the target at the $11000 level. The price has re-tested the level of $10500 and draw a fakeout, which is a true sign of bulls power. Bulls don't want to give up and keep the price above the highest level of the previous dump.

Probability of re-testing the support at the $10270 level still exists, but there are much more chances to see a growth from current points. We can consider SHORTing only in case of a breadown of the $10000 level by a strong downward impulse. Moreover, the longer $BTC stays below the $10500 level, the higher chances of breaking $10000 level.

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