BTC 1W - BULLISH RUN IN THE MAKING, CLEARED FIRST HURDLE @ 10500
# Bull survived the free-fall zone below 8800 which now acts as hardened support. Our previous expectation is a bearish correction toward A & B zones. After safely avoided that free-fall zone, BTC first overcomes 9500 (miners comfort zone) then make a surge to hit 12000.
# Current condition showed plenty of optimism among traders, especially after BTC comfortably overcame 10490, which provided much needed volatility and volumes to push the price higher.
# MACD reading is on a positive sign with plenty of room for further growth, and RSI is still yet to reach overbought condition. We expect the bullish run to continue with even numbers; 12000, 13000, 14000 as steep targets, with 15000 as a possible pit stop before price makes any major correction.
# Any hit on above mentioned targets probably will cause the price to make a short pullback and buyers can continue to capitalize on this pullback to make long entry and continue riding the bull until it make a major correction (expected @ 15000).
# Bearish scenario can still take over though by breaking below 10490, 10000, and trading back below 9500. We only hit a surface of the dark abyss (12000), only staying above this level will strengthen the view on possible hit of 15K and open a room for testing the price all time high again.
DYOR Always
# Current condition showed plenty of optimism among traders, especially after BTC comfortably overcame 10490, which provided much needed volatility and volumes to push the price higher.
# MACD reading is on a positive sign with plenty of room for further growth, and RSI is still yet to reach overbought condition. We expect the bullish run to continue with even numbers; 12000, 13000, 14000 as steep targets, with 15000 as a possible pit stop before price makes any major correction.
# Any hit on above mentioned targets probably will cause the price to make a short pullback and buyers can continue to capitalize on this pullback to make long entry and continue riding the bull until it make a major correction (expected @ 15000).
# Bearish scenario can still take over though by breaking below 10490, 10000, and trading back below 9500. We only hit a surface of the dark abyss (12000), only staying above this level will strengthen the view on possible hit of 15K and open a room for testing the price all time high again.
DYOR Always
