Bitcoin is bullish again!
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In last updates of previous idea I mentioned that a break of 9700 can make Bitcoin bullish again. Now we have this break of 9700 and soon going to have confirmations like 1h/4h close above this level. Price has also broke a bull flag.
Think now Bitcoin is going to test upper side of this range again - 10k zone. My long is already in profit, going to see price reaction of 9900-10k levels to decide if its worth to keep holding or not. Why? Because to be really bullish Bitcoin still needs to pass critical level of 10060 that I mentioned in previous idea as well! Its still good to buy/long with targets above 9900 but if price fails to pass 10060 there can be a big dangerous head & shoulders on chart.
Also there is a big gap on CME which is probably makes it easier for bulls to break 10k.
I will post new updates of this idea.
In last updates of previous idea I mentioned that a break of 9700 can make Bitcoin bullish again. Now we have this break of 9700 and soon going to have confirmations like 1h/4h close above this level. Price has also broke a bull flag.
Think now Bitcoin is going to test upper side of this range again - 10k zone. My long is already in profit, going to see price reaction of 9900-10k levels to decide if its worth to keep holding or not. Why? Because to be really bullish Bitcoin still needs to pass critical level of 10060 that I mentioned in previous idea as well! Its still good to buy/long with targets above 9900 but if price fails to pass 10060 there can be a big dangerous head & shoulders on chart.
Also there is a big gap on CME which is probably makes it easier for bulls to break 10k.
I will post new updates of this idea.
Nota
New analysis:
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