The reason I'm not bullish on bitcoin right now is because if you zoom into the red circle, you can see that price did not touch a very important trend line. That has me scratching my head and leaning bearish. A bull trap to 9750 is in the cards. It may even go up to the magenta line, but if it does not that would be another bearish sign. I'm not expecting the next touch of the magenta line to break as it is a moderately long term trend line spanning about a month. The next touch would only be the third touch and I'd like to see at least four touches before that trend line is able to be broken.
Also I put a question mark at the bottom magenta trend line because we have to wait until we get there until we can get a better picture of what may happen.
Also I put a question mark at the bottom magenta trend line because we have to wait until we get there until we can get a better picture of what may happen.