Bitcoin just closed above the monthly 9950 Support and is holding it. If it breaks back down below this level its only temporary, we're in a bull market.
Bitcoin has ended its accumulation period and is now entering its next parabolic wave up. I've called this a month ago, please check my previous charts.
The only thing holding Bitcoin back was this local downtrend stending from the local high. Price is being suppressed between the monthly 9950 level and the downtrend. 2 weeks ago I said this how Bitcoin would have nowhere else to move but up, and look what direction its headed in.
Within this month we should see a test of the 17k weekly level and a monthly close above 14,000
@CryptoBullet, I agree, I’ve been saying TA and btc news are perfectly aligned. I feel like Bakkt purposely kept moving their launch back and back just to perfectly time the next run up.
Also, XRP about to shoot up the same time Binance US closes, making retail investors miss the bubble and keep holding.
Cryptonite_trader
⋅
Nice work
This is mine
kyer
⋅
@Cryptonite_trader, Never say never, however, we blew straight through 6k right to test the 9950 monthly support. 9950-11k is the new 6k we have to break. I think we’ve already bottomed at 9300, the buy back to 9950 was instantaneous, but anything is possible in these markets