BTCUSD has tested the correction trend again and failed.
It seems logic that it will retest the support around the 11.5k again.
To me the end of the correction hasn't been reached yet, as the correction trend still hasn't been broken.
Though the possiblity of btc breaking this support seems small, it is something we shouldn't see as impossible.
This bounce could will be followed by the outbreak or by breaking the support.
Personnaly I see the support level as a buy opportunity, since this could be the last dip before the breakout (ofcourse with a stop-loss).
If this would be followed by a breakout, 16k will become a tp.
It seems logic that it will retest the support around the 11.5k again.
To me the end of the correction hasn't been reached yet, as the correction trend still hasn't been broken.
Though the possiblity of btc breaking this support seems small, it is something we shouldn't see as impossible.
This bounce could will be followed by the outbreak or by breaking the support.
Personnaly I see the support level as a buy opportunity, since this could be the last dip before the breakout (ofcourse with a stop-loss).
If this would be followed by a breakout, 16k will become a tp.