BTC price prediction
Aggiornato
BTC touched on the 9k support channel as predicted and followed my original down trend, however picked up good support at 8000-8500.
I suspect we will see some sideways movement until we hit the original downtrend resistance again now at around 8500.
If it breaks through i believe a 3 wave hitting key support levels up to 10k.
If fails to break through again a 5 wave down to original low of 6k forming a double bottom, which should hopefully hold for a nice bounce and a trend reversal as people become bullish chasing the bottom.
I suspect we will see some sideways movement until we hit the original downtrend resistance again now at around 8500.
If it breaks through i believe a 3 wave hitting key support levels up to 10k.
If fails to break through again a 5 wave down to original low of 6k forming a double bottom, which should hopefully hold for a nice bounce and a trend reversal as people become bullish chasing the bottom.
Nota
Looks like we have had an early break out from the down trend, key resistance levels here between 9000-9200, if the sidelines start flowing in now we will finally get that trend reversal as we complete the neck line of the inverse head and shoulders pattern.This could still be a trap so trade carefully.
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