Positive day so far: Following yesterday’s analysis: Breaking the $9000 level and we will probably see Bitcoin testing the 5-digits area, creating nice cup and handle bullish pattern.
After testing twice the $9,000 resistance, finally it got broken. Heading rapidly to the target level around $10,000 – at the top of the “tunnel” as shown below. From there we might see a correction. Breaking the $10K might get us back to the $13K mark. According to our last market update, market is defined bear as long as we are under that mark.
Support level is at $9,300 and $9,000.
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