- Bitcoin will either bounce again from the 9k area or dropping to the 7-8k support area.
- I don't think price will go any lower then 7k.
- I'm expecting the price to break the upper trend line on the next test and new all time highs to be set.
- Only time will tell.
- I am bullish long term.
- Twitter: @JaidenTrades
If Bitcoin fails to hold the 11k support it will most likely see the 10000-10100 level again (or potentially lower). If price finds support at 11k, I can see the price breaking the upper trend line, confirming a continuation pattern. If this is the case, I do see prices heading to all time highs. I am bullish in the long term and think this is a long term...
Bitcoin could be looking at a long term descending triangle that could last for another 1-2 months. This could be a top but could also be a continuation pattern. A break below could signal a significant drop and a break above will continue the bullish trend to 20k+. Only time will tell. Follow me on twitter @JaidenTrades
