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