CryptonikLion

BTCUSD short-term analysis 11.5k?

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
So we are in a short-term up-trend that started to face strong descending-resistance at around 10k-9.8k.
-We got first rejected from 10k we faced a 15% dump and a very good recovery and we started to test again that resistance and i like how the price was sitting for few days testing that area and we got rejected and now we are almost to the resistance.
-I think that bulls have the power to break the resistance and we will go to my next target 11.5k, but this could take @ 10 days we need some more consolidation and as long as we are above 9.2k-9.3k bulls are in control and we are looking very bullish .
-If we will have a daily close below 9.2k i would consider that as a sign of weakness.
-RSI is neutral-bullish in my opinion.
-A potential double bottom was formed that has the target above 10.2k

-CryptonikLion

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