…since BITCOIN have not passed yet the lowest point of the correction marked as “C” in the chart.
BTC is reaching again a well-known support already around 9400 USD…
I am confidence on that this strong support would hold BITCOIN avoiding falling lower and hopefully make resume the uptrend of the market which everybody is expecting.
This is my main scenario, the alternative one is bearish and it is based on an “ugly” Head and Shoulders pattern that may be in formation. Something like the following:
The target drop in case this pattern would be triggered launches a price for BITCOIN below 5000 USD… but, as I said, this is not my main scenario for me as far as BITCOIN keeps moving above the 9000 USD.
Enjoy!
Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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