Let us see what happens. Volume is looking huge. If this keeps up and BTC ignores the trend line for now it is feasible to reach a target around 13K based on my big bull flag target. This is by no means to say that there will not be substantial resistance at the $12,000-$12,500 levels, but we at least seem to be breaking through the bear trend at $11,500 temporarily. Take it EZ and enjoy the rally, feel good while ya can!!!
@Honeyhoneymoon37f, I would not put my nuts on the line for much more than $12,000. I am watching this rally one step at a time and keeping an eye on the movements closely. If we begin to show signs of a top or a head and shoulders looking pattern then the bullish sentiment will have been negated. The overall Bear to Bull trend shift gets really interesting around 14K. If we go past $14, we exponentially increase the likelihood of reaching new highs. Until then be very careful. This is a powerful line we are flirting with and BTC could face strong rejection between $12-$13,000.
mobster2
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@Honeyhoneymoon37f, if you look at my idea from 1 week ago, I call for $12,500 as a reasonable target. That is a crucial point. It makes technical sense to take some profit there, but greed is a powerful animal and it will run rampantly.