COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The price has faced a strong support level and is now starting to trade in an upward direction. Break through with fixing above the resistance level will lead to the continuation of the upward movement. That is why the arrows look up.
If the price remains below this level, then it will be possible to wait for the update of the local lows. Now the priority is upward, the goals of the movement, for starters, are at the levels of 9150 - 9500.
Fixation above 9500 will give the continuation of the impulse to 11k - 13k.
However, first of all, I expect here a horizontal channel. It will bring the price into the zone above the descending level one way or another, where the upward priority will also remain.
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Interesting!
This is my analysis on BTC. Bearish signals overwhelm the bullish ones. This is not in favor for bulls. Nevertheless the Uptrend resumption is still relevant, in my idea I explain why and give all the details on current situation.
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