If you look at nearly any other coin, you’ll see it trading sideways for the last several days. That’s because the entire crypto market is holding its breath, waiting to see if BTC will break through its 11k resistance point (solid red line). There’s no need for an analysis at this point…
…let’s see what happens, shall we?
Indicators: Dotted green line: We have a well established support trend.
Dotted red line: Estimated resistance trend.
Dotted gray lines: In case the current resistance trend is wrong.