So far looks like price has finished testing supports and that bear trap below 10400 that I mentioned in previous idea is the local low and probably price can go for a second test of 11000 from current levels.
Black lines is preferred and most possible scenario, I expect price will make a path towards resistance line of big in coming week.
But still if price breaks red line before getting above 11000, an orange line scenario can happen.
Today we will have a launch of Bakkt trading test, and thats probably should mean a high , most likely to upwards side. This can help price to break finally 11000 level, because all news agencies will be posting about this launch, creating FOMO.
Current weekly close is good as well for outcome of coming week.
Locally next day there is still possibility that bear trap below 10400 wasnt a low and price can go for a test of 9800-10200 support levels. But thats the maximum, if price drops lower it can ruin the whole momentum and turn local trend into one.
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Above 10500 bullish momentum will be in safe again. But to invalidate the danger of head and shoulder pattern bulls need to push price above 10800.
At the moment price is moving in a blue channel. Whenever price breaks this channel to upside we can expect a pump after that.
There is a 1000$ neutral range of 9200-10200. If bulls push price above 10200 that would mean correction is over and we can expect continuation of growth.
If bears drop price below 9200 this would mean new lows, much lower than 9000.