CryptoTrendline

Bitcoin in consolidation

BITFINEX:BTCUSD   Bitcoin
Bitcoin made a pullback after breaking above the $9,500 flip zone and is now close to the support area around $9,000.

If price reacts from the support level and rallies towards the flip zone, we need to see a break of the flip zone before making any bullish predictions.
If price breaks the flip zone and rallies, we can expect it to reach the Double Top first, followed by the resistance around $13,000.
If price breaks below the $9,000 support, the next support level is around $8,000.

Good Luck,
CryptoTrendline

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