As you can see on the weekly chart btc is in an fresh territory since the start of 2018, this means that there is not that much resistance but in the same time price must spend some time to consolidate and reclaim these levels since january 2018, this might take some time overall the price looks bullish and can go to 13k area and maybe to spike higher but eventually i think the 10k area will be tested due to it's importance through all 2019 and half of 2020. So sooner then later we will revisit 10k area, because we are starting to be over-extended so we need a healthy pullback into that 10k area support that was resistance so btc needs to reclaim 10k area as support.
-CryptonikLion
-CryptonikLion
Trade closed: target reached:
We reached the zone the was likely to be tested, we should be headed up now we can visit 9.2k