thinking this might come true. the final exhaustation before going up? Catalyst would be portion of the 35k margin longs on bitfinex closing or getting liquidated. It could get really ugly.
$8k as attacked and defended so far. If it holds obviously gonna go up instead. Imo the upside potential is like $12k. Anything above that and we are talking mega bull again.................
$8k broke. THan it found support. Created an inverse H&S at this moment its still pushing up. Could just be noise and overall still heading down.
$9k at this point. Hitting some long term trendlines on the daily and also the 20 period moving average. But i think that $9k is gonna look strong to most people so they willing to buy and if thats the case its obviously going to keep pushing up.