If there's no enough power to go through the resistance we'll have a downtrend channel and the next big buy opportunity at $13500, exact at 0.382 fib. level and probably the last one below 20k.
This drop would have around 30% that is expected in the bull market before making higher highs.
Let's see will that plays out.
Looks like it is forming a big falling wedge that can result with double bottom and bullish divergence on a daily timeframe.
This would be a strong reversal signal before next big bull run, but let's wait and see.
A sleeping giant slowly is waking up from the long winter bearish sleep that took more than 2 years since the last big pump.
Will that happen again, did we touch the bottom?
If we look at the BTC and its bullish divergenece on a daily timeframe we'll see just a rise and higher highs that starts the parabolic move.
Such a move will lead us to broke out a resistance...