10,000 looks like a great for bitcoin unless it breaks and goes below previous low , we might see levels of 5000-6000
If you look at the volumes of global market for bitcoin , it has drastically gone down in comparison to other coins in the market
Bitcoin market dominance was near 66% in Dec 2017 at the end of the year and now it has come down to 33% (half)
However, Etherium has gained from 11% to 22% at the same time in market dominance.
If Bitcoin does break the triangular patter to the upside, I wont be considering it till it breaks the triangle above 12000
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I am still bearish in bitcoin and will not buy on dips until the clarity is achieved.
Day traders can trade on upside for 100-200$ points. It may come down then, however triangular pattern is still alive.
Defenitely trapped in a triangle
About to reach the end of triangle
Bitcoin reached the lows of the triangle and have achieved our target.
As of now I expect movement between 7000-9000, however, it may bounce back to higher is it makes higher high and higher lows.
This is the time now where you can start accumulating BTC or other coins in your portfolio.