Is the bottom in place? btcusd

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
We need to wait for a break of 12190 level, to get an official confirmation that the current retrace is over.

However, we can as well guess now that a bottom might be in place already (??), at least this is a possibility.

Levels to watch:

12190 --- uptrend officially resume
2980 --- uptrend officially over

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