Bitcoin formed a double top (bearish indicator) after breaking it's previous all time high and then dropped. The short term support held, BTC moved up and then retested short term support, which held again.
Currently BTC is in a trading channel within it's short term support (green line) and it's all time high.
If BTC breaks lower than it's current support look for it to drop down to the larger support area at 16950.
Bullish scenario happens if BTC breaks the all important psychological level of $20K. If it breaks that level look for BTC to move up by the $1000's from $21K - $25K while printing a new higher all time high.
Currently BTC is in a trading channel within it's short term support (green line) and it's all time high.
If BTC breaks lower than it's current support look for it to drop down to the larger support area at 16950.
Bullish scenario happens if BTC breaks the all important psychological level of $20K. If it breaks that level look for BTC to move up by the $1000's from $21K - $25K while printing a new higher all time high.