Bitcoin's local correction seems to be coming to an end, as support was found around the $9,000 area for the most recent move down. Price might move back down toward the bottom support line as depicted with the blue arrows, but overall I am expecting some strength to show up soon. Next resistance is the $10,000 level. I have been seeing everywhere that FOMO will set in after $10k is reached, but I am expecting it to be a tough resistance to get through.
Comment:
Price has retested the bottom support line. Now expecting a move upwards to follow the blue arrow.
Comment:
Price is currently approaching the top resistance line. Watching closely for a break up with continuation, or a strong move downwards if resistance is too strong.