It appears that BTC
found some resistance at the trend line
resistance formed from previous corrections. The more it's tested and holds, the stronger it gets. A channel down has formed and we could be looking at a triangle formation centered around 14k
. This is only speculation since it is very early to say for sure. If you're looking to buy, you can take a guess at the bottom ( 13k
range) or wait for break out of downward channel
(16.5k range). If the trend line
resistance doesn't hold, then get ready for a fall to 10-11k range.
...but what do I know, I'm just a space suit engineer, not a trader. Good luck!