We have been denied weekly resistance and we are currently working to defend the daily support at $ 35,000 and $ 34,700.
If we maintain this support, then consolidate and create a double bottom, we can effectively bounce back and continue the uptrend to retest zone $ 41, 000 . After break this level, we can see $ 42,500 level. If we do not lose the fib pivot point on daily support, we have a chance to continue up. If we lose this pivot, we can count on testing key support at $ 33,000 and $ 31,000
If we maintain this support, then consolidate and create a double bottom, we can effectively bounce back and continue the uptrend to retest zone $ 41, 000 . After break this level, we can see $ 42,500 level. If we do not lose the fib pivot point on daily support, we have a chance to continue up. If we lose this pivot, we can count on testing key support at $ 33,000 and $ 31,000