Bears and bull trying to paint their bias on the chart. Bears could continue with the correction or bulls could paint an ascending triangle pattern. I am going short if 9k area becomes resistance. Going long if 12k breaks with high volume. Good luck coiners!
Take a look back. Daily close has pierced the cloud. Last time this happened was the aftermath of BFX hack. If 9k area becomes support we could see a long consolidation then followed by a 3.618 fib target rally and that's 50k. Check out charts of BTC starting Mid August of 2016 then set cloud settings to 20 60 120 30.