Last week was a major week for BTC. The weekly and monthly Candle finally broke out and closed above of a 3 year down trend. We are officially in an uptrend.
We saw a high above $12000 last night and then an sharp correction down to $10,600, a major level. Price then bounced back above $11k which is a bullish sign.
I'm expecting price to consolidate for a bit and flirt with $12k.
Key levels to watch for a support and resistance
$11.1k
$11.6k
$12k
Before we see another major run to the upside, we need to see a break and close above $12k based on historical price action.
We saw a high above $12000 last night and then an sharp correction down to $10,600, a major level. Price then bounced back above $11k which is a bullish sign.
I'm expecting price to consolidate for a bit and flirt with $12k.
Key levels to watch for a support and resistance
$11.1k
$11.6k
$12k
Before we see another major run to the upside, we need to see a break and close above $12k based on historical price action.