NerubicaCrypto

#bitcoin - Attacking Weekly Pivot "H1"

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
A very important hurdle for the potential reversal. Today, the Weekly Pivot and the Daily R1 are presenting a big hurdle for Bitcoin to overcome. On the One-Hour, we see slightly rising volume , higher highs, and higher lows, two broken trendlines and new Support. If we manage to bypass the W-P, thinking how an Adam and Eve is "working", I would not expect a mega jump rather a slow steady rise probably until $11k until we will greet another important resistance.
All this is crucial for the long-term growth of Bitcoin , if this is working out we might manage to avoid a long period of a side-trend.

$8k remains bearish medium-target.
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Warm regards,

Neru
Great work.
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