$BITCOIN - Globally Still Very Bullish!

When I look at the global Bitcoin picture, I see several "ancient" levels which remain actual to this day. First of all, let's consider horizontal levels.

• The first level is $7610. From this level, we've seen as huge buys, as huge sales. This is one of the most important levels of all existing ones because exactly this level was crucial when it was needed to choose the global trend for a long period.
  
  
• The second level is $11890. This is the 2nd important resistance of all existing and the level of the local ATH. This level can be considered as powerful as $20000.
  

Now let's take a look at the level from where the bull-run 2017 has started. This line is the very important support, which, unfortunately, was broken down.

Good, now let's take a look at these levels' combination. Firstly, let's take a look at the support $7610 which keeps the current market from falling. This support has shown itself before, in June. Volumes which enter the market near this support are just amazing, in June market entered $900mln, currently almost the same. All these factors make us believe that this level is strong enough to keep the current dump.

Well, we can see that there are two supports and only one resistance (globally). Now let's take a look period between November 2018 - April 2019, we can see a triangle with the flat resistance. Now there is the same pattern with the flat resistance at the $11890 level and a very strong ascending support (bottom of the triangle). We all know that this type of triangle is bullish as the price always breaks the flat resistance, so currently, we have a very bullish picture on Bitcoin chart.