Yes BTC broke the resistance line, but it isn´t time yet to make bullish conclusions
First couple of things BTC needs to do:
1: with this dip: obviously retesting the resistance line (around 8300). If it stays above BTC will get another change to break 9K, wich is also very important to break. If it stays above 8600, well no need for this.
2: Break through the green cloud (also 9K+) and stay above. As you can see 24th april the cloud changes to a big red one.
Best case for BTC would be if it's breaks 9K and hold it before the 24th (when that tight entrance closes), wich is very soon.
option 1 is obviously the more important one. Lets see how this folds out.
You saw that BTC retested 9K two more times in the past. One time it dipped a bit and then passed easily
Second time it didn't hold and dipped hard.
First one is going to repeat.
In my view bullish conclusions can be drawn if it stays above 9K, going towards the next black line.
First couple of things BTC needs to do:
1: with this dip: obviously retesting the resistance line (around 8300). If it stays above BTC will get another change to break 9K, wich is also very important to break. If it stays above 8600, well no need for this.
2: Break through the green cloud (also 9K+) and stay above. As you can see 24th april the cloud changes to a big red one.
Best case for BTC would be if it's breaks 9K and hold it before the 24th (when that tight entrance closes), wich is very soon.
option 1 is obviously the more important one. Lets see how this folds out.
You saw that BTC retested 9K two more times in the past. One time it dipped a bit and then passed easily
Second time it didn't hold and dipped hard.
First one is going to repeat.
In my view bullish conclusions can be drawn if it stays above 9K, going towards the next black line.