After an inevitable correction from the all time high in the area of 19800's (on Bittrex), Bitcoin
was able to break the down trend resistance line (signaled in red), right on the beginning of Christmas Day. A new trending support line from the 12000 has formed (blue line), which will allow us to re-test the all time high once again. If Bitcoin
is able to break the resistance line at the previous ATH
, next short term target is 22300.
First Target: Previous All-Time-High (19800-20000)
Second Target: 22300
Feel free to send me a message if you have any questions!