First breakthrough to 10K failed. We're gonna rip 10K like there is no tomorrow. Probably will be followed by a brief retest on the lower side of the channel. Expecting a huge pump towards the 11.8-12.1K area.
Never ride without a helmet lads.
As you can see, Bitcoin just broke above the 7905 area. This is not only a follow-up of the previous move which indicated a breakout from the bearish wedge , but also a consolidative pattern which formed around the 8000 range.
Consolidation above the 8000 range is basically just a confirmation for a break-out above the bearish trend. (I am still awaiting for...
As we can see Bitcoin has entered a channel of accumulation, the second bottom will touchdown accordingly to the first bottom, probably it will be followed by a beartrap.