Bitcoin continues in a bearish channel that has already corrected 30% since it made its yearly high at almost $14,000.
It is still hovering around $10,000 that is considered a key level for a potential bull trend. If this level is strong enough to hold the price and to avoid falls below $9,300, the bulls could take over again.
It might be too soon to take long positions in BTC since could go below $9,300 and deepen more in its bearish channel.
Price levels above R2 at $11,000 will suggest a very strong bullish potential for the price.