From April BTC is in ascending trend.
From the end of June the price was found the level for consolidation,
where buyers and sellers got the consensus.
Now this level looks like traingle- or flag-pattern with a wide price range.
What's next?
I expect the continuation of growth. But some days ago price
shown false breakout from this pattern without strong volume.
Based on this factor probably we will see more local correction.
There are some options:
1. Price will consolidating in support area 10700-11000
before breakout the main pattern.
2. False breakout to psychological 10K with
continuation of 1 oprtion.
3. Correction will be more
aggressively - up to 9000-8800 - next support zone then
will continue the growth.
4. Correction will be to the support zone - indicator of ascending trend (8000-7700)
from April then will continue the trend.
5. Breakout of the main support - false breakout - continue rising scenario.
6. Breakout of the main support - change the main trend on descending..
From the end of June the price was found the level for consolidation,
where buyers and sellers got the consensus.
Now this level looks like traingle- or flag-pattern with a wide price range.
What's next?
I expect the continuation of growth. But some days ago price
shown false breakout from this pattern without strong volume.
Based on this factor probably we will see more local correction.
There are some options:
1. Price will consolidating in support area 10700-11000
before breakout the main pattern.
2. False breakout to psychological 10K with
continuation of 1 oprtion.
3. Correction will be more
aggressively - up to 9000-8800 - next support zone then
will continue the growth.
4. Correction will be to the support zone - indicator of ascending trend (8000-7700)
from April then will continue the trend.
5. Breakout of the main support - false breakout - continue rising scenario.
6. Breakout of the main support - change the main trend on descending..
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