BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin is likely to reach 14800-14900. If a move beyond the upper line happens then maybe it can hold. Otherwise new support needs to form ( aka large positions entered at a certain area)

14800-14900 is really strong support from the previous uptrend.
Trade closed: target reached:
Comment: As for a move lower, it could happen, but 14800-14900 should stop it for some time. If it just dumps straight through, then it will be really unexcepted because I witnessed the 14800-14900 support form and it is one of the strongest in a while..
Comment: There is nothing until 13600 if 14800 is broken. But new support will be built up and it's impossible to say until the price consolidates to analyze.


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