BTC - LONG SETUP STILL IN PLAY

Hello, we experienced a wild and nervous price action today. Something like this was expected in my last view and that is why I advised to use wide SL (mine at 10k was almost hit). But the first rule is to protect your gains. But so far so good. The price is still in the upper channel, used the 10.5k level as a support and that is a great news, as it is both the lower boundary of the channel and the previous resistance (red line) from halving. We are still below the midline of the channel, so we have further room to go, up to 12.5k. Should we break 12.5k also, and close above, that would be the higher level since Dec '17-Jan '18. It would trigger a real BULL RUN. Let's see if it will happen now or if BTC will need more time to consolidate below it before trying to break it.

The drop caused by a rejection fro 12k was concentrated in one hour and was quicly riabsorbed. Just a reaction to trigger stop losses and fuel further growth. Actually nothing changed, the price is now at the same level of yesterday. Let's see how it behaves the next days.