Bitcoin broke out to the topside of this channel and is in a general upwards trend. Prior to this run-up BTC didn't see a Futures Gap close of $9600 or even touch the monthly support at $9950, that tells me this is very bullish momentum.
Looks like if BTC can hold above $11,000 , more specifically above the top of this channel it will eventually find itself above $11479 as support going for the next TP's.
Also have to note that everyone was bearish for the past month and when everybody is doing the same thing you need to take a step back and re-evaluate.
Since my previous post, all TP's have hit so here are new ones. We've seen a 1st touch rejection off of the $11479 level which is still a monthly resistance BTC needs to break to continue moving up.
🎯 TP1 @ $11479
🎯 TP2 @ $11967
The chances of a pullback to $9950 are getting slimmer and slimmer every passing second.
Looks like if BTC can hold above $11,000 , more specifically above the top of this channel it will eventually find itself above $11479 as support going for the next TP's.
Also have to note that everyone was bearish for the past month and when everybody is doing the same thing you need to take a step back and re-evaluate.
Since my previous post, all TP's have hit so here are new ones. We've seen a 1st touch rejection off of the $11479 level which is still a monthly resistance BTC needs to break to continue moving up.
🎯 TP1 @ $11479
🎯 TP2 @ $11967
The chances of a pullback to $9950 are getting slimmer and slimmer every passing second.
