If volume continues along the same pace, BTC should reach 11k in the near future, finding support around 11,400. This chart might look too simple to some. BTC corrected down to the golden fib line, and bounced back into bull mode. I could draw lines and rays all over the chart, but sometimes simple is better. We can expect the usual dips and surprises that the crypto market tends to bring, but markets never travel in straight lines. I keep seeing predictions for a fall back to 6k. I don't see it, according to the daily charts. Some believe that BTC is due for a correction, after it's most recent run. My opinion is that BTC will rise above 11k, before we size a sizable retrace. Even then, it will take a considerable amount of negative news to bring BTC back to 6k.
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Everything's still looking good. If BTC can break through 9.6k, momentum should push to the next resistance at 10k. If there is a stall at the 9.6k price, I expect a slight pull back to 8.7k, which should be a good support.
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Still heading in the right direction
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Still going to plan
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Currently in a sideways correction/consolidation. Supports still holding strong. Nothing has changed since my original idea.
You want negative news? I can tell you some upfront. 1) SEC declaring all ERC20 as security 2) New Russian regulation in June 3) New Strict Regulation after South Korean Election BY July 4) Taiwan's new Anti Money laundering law and many many more...Bad news hasn't even started yet...
kitkat16
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@tammy007, jesus you are an eternal bear. Fuck off with your constant bullshit.
SilverStar_Trading
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Everyone keeps saying this is a Bulltrend.. It may be a mini bull run in an overall down cycle but this is the Denial phase of a market cycle