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.
@Salmin, show me on the doll where crypto touched you.
Husain_Arkghazi
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Although we gained great support from 7500-7800 zone but that doesn't mean that its the beginning of a huge bull market, let the Bitcoin take some rest and most likely its will stay stable for quite some time, bdw i do expect a pump from here upto 9750 but making any crazy predictions towards 15k or 20k is kind of bit unrealistic for now, coz there's huge lack of fresh volume in market so most likely bitcoin will fluctuate between 6k to 10k in coming weeks just like it did in 2018s, which will give altcoins a great opportunity to grow massively, flip the coin and also have a look on the other side