SherabPereira

Bitcoin to retest 8000 before breaking the bearish channel

Short
SherabPereira Updated   
POLONIEX:BTCUSDT   Bitcoin / Tether USD
Looks like Bitcoin is not being able to break the bearish channel it's in, I'm expecting it to hit 8000 before channeling out that heavy downtrend. Overall looks like it is continuing the long term bullish movement and the average (green) anticipatory upward trend, we may see it bouncing between 12k and 7.5/8k. Toughts?
Comment:
Bitcoin tried to reach the 12k resistance level with no luck, it probably is a false breakout and I'm really impressed it even tried it, I still think the markets will not feel confident until they retest some major support level A.K.A 8000/7500 but not without the bulls fighting for the 10k and 9.5k marks.
Trade closed: target reached:
Short closed on profit, false breakout, that was a hell of a ride.
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