Maximum 2 weeks left in a small wedge that might be decisive. Heavens or hell?
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Let's see if the break-out (out of the wedge) confirms. Weekly end above the wedge would be bullish...
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If this level keeps up until monday thenit will get us one step closer to 'heaven'.
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Next resistance to break on the way up is 9 to 10k$...
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We might have a touch of the lower line at around below 7500 before going up further...
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Or not... (I really should stop commenting on short term - this is a mid to long term idea)
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And now (This weeks forecast):
The span reaches from 7.6k up to around 12k. Don't ask me which is more likely now. But always have a look at the trading volumes when the price moves...
The span reaches from 7.6k up to around 12k. Don't ask me which is more likely now. But always have a look at the trading volumes when the price moves...
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24...48H we see 8k and 7.6k before going for another tst of the 9.5k+ resistance...
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(I see 8k as most probable - we might as well go straight up from here - we're at 8.7k)
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Not much progress. However no really bad news either. So if way stay above the line then 8k is the base. From there BTC might start a new attack against the 10 .12k resistance. At some point it might break...
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This week should give us an indication. If the price remains above 8k then the retest of 10k is quite likely...
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Happy New Year! More then six months since last update. Interestingly you can see that we are neither in BTC heaven nor in BTC hell. Will we stay here forever? (I am bullish)