CEXIO:BTCUSD   Bitcoin / U.S. Dollar
Yes guys, that's correct! Yes, I have seen bitcoin pull backs - and big ones, nearly every year. Yes, btc always recovered . Yes, FUD is real. BUT 6 months long pull back seems to be creating some resistance levels ahead.

Where are these levels?
Assuming we have a break from the massive triangle I have highlighted earlier (attn: highlighted before the break!), we have another small triangle formation creating a resistance around at $8,000. Breaking 8k will be big! and it might create much needed boost to break the $10,000!

Why 8k resistance is important?
Because that's the last triangle to be freed from so this might mean a confirmation of bull market $$$$

Then we have earlier highs $11,500 which might be a strong level and I would expect a heavy supply at this level.

After liberating from $11,500 we will be entering a very volatile zone, with $11,000 becoming a support and $18,000 - 20,000 becoming the next resistance levels - and oh boy, there will be blood at this point!

What will happen between 10k and 20k? Chop chop range will first slice then dice weaks with no mercy while we will be entering to a new AI era which money and the wealthy can live forever!

Keep it Real!


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