Short-term: Will go to 10.4k if supported at 9.5k well.
1. Mid-term bearish trend was broken sine Apr, 14th.
As seen in the above picture, BTC price shoot up and penetrated the mid-term bearish trend line(red), and was supported very well. Refer to the red big circle on the right side.
2. BTC price goes up with very low BTC dominance., and if BTC shoot up again, price of alts/BTC would go down due to trade volume absorption.
BTC price had drifted sideways around 7.8k to 8.3k and formed very strong supported level(refer the yellow flat line and its around)
Since that, price of alt coins rose a lot, and the donimance of BTC becomes around 38%, it's very low level.
So, we should keep certain level of BTC rather than holding only alt coins.
3. Reverse Head-Shoulder pattern, and go up to 10.4k
The next resistance level is 10.4k. Until that level, please keep certain amount of BTC in you account.
As seen in the above picture, BTC price shoot up and penetrated the mid-term bearish trend line(red), and was supported very well. Refer to the red big circle on the right side.
2. BTC price goes up with very low BTC dominance., and if BTC shoot up again, price of alts/BTC would go down due to trade volume absorption.
BTC price had drifted sideways around 7.8k to 8.3k and formed very strong supported level(refer the yellow flat line and its around)
Since that, price of alt coins rose a lot, and the donimance of BTC becomes around 38%, it's very low level.
So, we should keep certain level of BTC rather than holding only alt coins.
3. Reverse Head-Shoulder pattern, and go up to 10.4k
The next resistance level is 10.4k. Until that level, please keep certain amount of BTC in you account.
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