BTC Update

Last week managed to close at ~11500 somehow, which gave us the highest weekly close since the week of 22 January 2018.
If we had closed below 11.3k, it would’ve been a very clean bearish candle – shooting star.

Key level to break is 12.1k. Breaking above it would be extremely bullish.

On the daily the price is still in a huge Bull Flag.
As long as we are below the top of the channel, a return to the bottom of it is on the table.
What we are very likely to see is a retest of the Adam & Eve neckline at 10850. This level is remarkable, because it has acted as a strong support/resistance since late June. Now it is strengthened by MA30 & EMA30 coming there.
Second area of our interest is marked whit a green ellipse. It’s close to the bottom of the channel + MA128.

All this projected BTC action is pretty much in line with what we are seeing on BTC dominance and top Altcoins. BTC dominance is going to top this week and Alts are showing that they are due for a good bounce.



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The information given is never financial advice. Always do your own research.