If bulls show strength, this could give us a solid push to previous support turn resistance around 9.2-9.3k. With a possible bull run (trap :) ) to 14k before a continued downtrend of bitcoin for the coming months. However, so much news on the horizon, segwit, lightening networks, bech32, tumblebit, zerolink, schnorr sigs, CFTC, fiat pairings, squarecash, etc., will be an exciting few months and 2018!
Overall herd sentiment is bitcoin doom, bitcoin to 2k, scam, ponzi scheme, makes me AF .
WE are however still in a bear market, capitulation may be dangerous here. But overall strong signs of reversal! Take advantage of the altcoin carnage.
Massive amount of shorts still open, providing the perfect rocket fuel for the bulls. The real short squeeze is yet to come, expecting more uptrend if volume continues.
A key breakout out of channel and daily close will confirm the rise to 14k.
Fundamentals for bitcoin also looking bullish AF!
Large points of resistance on the way up, but should stay put along and above the black trendline for now.