The chart says it all with both side target mentioned.
The question for discussion is what view are you considering right now? are you Bull or Bear??
Point to note is the DETERMINANT ZONE shown on the chart.
If Price keep holding above it the odd will keep favoring outlook while the reverse will be the case when price trading below it.
I leave it for you guys bring on your contributions and show us your reasons with charts for better views.
On the upside i spotted a possible falling wedge and flag like pattern which if play out will give target towards 10800$
The idea now is to wait for a potential or partial re-test on the zone and wait for price action to go short with immediate target towards 92xx$ zone.
Then from this zone we can accumulate long for target towards 11000$ to 11200$.
BTC did bounced off the stipulated zone towards 92xx-93xx
Here we are now,
I am bearish short term but overall bullish until 7k.
I am currently reassessing though because its starting to feel like XBT is forming a new foundation in the 10k area. If that is the case then we could see a new ATH soon. For now I believe XBT will break below the long standing trendline and fall back into the 4 digit range. Im still shocked that btc found a bottom at 3k and is now sitting at 10k. Ive been here since 2012.. this imo is insane.