Thanks to everyone, who has been sticking around during this time. I started doing my analyses last year in June during the bear market, when BTC was breaking one support after the other to the downside.
Obviously we need to see a close above $10k in the best case. If the bulls cannot manage to do that: The $10k region will be a nice top-fishing range for mean-reverting traders. In that case we can go back to retest the previous break-out zones, now turned into support. Also important in that regard: We're again overbought on the Weekly, both with BTC & LTC. That's why I preferred to play ETH on this break.
But if the bulls can manage to do that: Next important resistance, where we definitely would expect some reaction from the bears is the $11,5k-$12k region. We had build an important Double Top there on the way down:
In order to reverse the bear market, we have to break little bit higher. We haven't broken the core move yet, but we're well on the way there:
All in all: CONGRATS TO THE BULLS! Grandpa BTC is back!
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