BTC/USD - Currently sitting in a bear flag with a potential break - I am looking at support zones around $8,200. I feel we have been rejected from a huge key resistance level at 10k and this wasnt the bounce.
A key level to watch for is $7,800 which would complete a double bottom and potentially bring some big volume through. I am bullish in the mid term and expect us to break $10,000. That is of course if we dont break any key support levels at $7,800.
If we break below $7,800 a key level to watch will be the $7,300 zone. I feel this is a much needed pullback and the FUD was overhyped. The FUD definitely helped the process come quicker although this is a pullback that was certain to happen after testing those key resistance points at high 9k.
Give me a follow and a comment on your thoughts.
<3 Alpo -
A key level to watch for is $7,800 which would complete a double bottom and potentially bring some big volume through. I am bullish in the mid term and expect us to break $10,000. That is of course if we dont break any key support levels at $7,800.
If we break below $7,800 a key level to watch will be the $7,300 zone. I feel this is a much needed pullback and the FUD was overhyped. The FUD definitely helped the process come quicker although this is a pullback that was certain to happen after testing those key resistance points at high 9k.
Give me a follow and a comment on your thoughts.
<3 Alpo -
