Time will tell, but if BTC can hold this range I expect the emotional sellers to become emotional buyers and take us back towards the top of this range. A break through $11,700 with strong volume will take BTC to $12,800.
BTC has met first resistance, if goes below$10,800, the next level is $9,500. That being said, I think it's very likely we bounce off resistance and go higher towards the top of the channel. Target: $12,800.
BTC tested the bottom of it's nearly 2-month channel and is now through the 3-month downtrend line. A strong bounce with volume can push BTC to the top of the channel (12,800-13,000). If we push through 13,000, expect 15,000 quickly. With that being said, I expect a lot of resistance around 13,000.
BTC has been in a well-defined channel and is showing signs of a reverse head and shoulders pattern. Watching for BTC to bounce off the bottom on the channel (~10,200) and trace back to the 2-month trend-line (~11,200). A push through 11,700 with volume is a break-out to ~13,000.
BTC is in a clear defined channel, it will meet resistance at the top of the channel (10,400-10,600). BTC should see some consolidation in that range before moving higher. The hardest resistance will be at 2-month downtrend line (11,200-11,900). If BTC can break through, I expect a parabolic-like move back towards 15,000-16,000, if not ATHs.
