$BITCOIN, Downward Movement was Absorbed!

As we wrote in the previous BTC, in case of breakout of the $10000 level, next we would see a continuation of the upward movement. First of all, now the price has come back to the ascending channel. Secondly, the price has absorbed the local downward movement, to absorb the whole downward movement, BTC has to reach $11000 after which the price can fly further upward. There, currently we are in an up-trend. We can consider going downward only in case the whole upward movement will be absorbed, or in other words - BTC will break through the $9300 support.