BTC needs to get above 10k ASAP
If bitcoin does not break above this double top and above 10k, there is a risk for further downside, possibly even a tiny chance of a run back to 6k or lower.
Might still be too early to call that much of a decline, but it still needs to break above 12kbtc for me to be comfortable calling it a new bull market.
Currently I'm viewing it as a rally in a bear until we break that 12k, but danger would be reduced significantly if we break 10k and stay above that for a few days minimum.
Just my opinion, not financial advice. Make your own decisions.
Might still be too early to call that much of a decline, but it still needs to break above 12kbtc for me to be comfortable calling it a new bull market.
Currently I'm viewing it as a rally in a bear until we break that 12k, but danger would be reduced significantly if we break 10k and stay above that for a few days minimum.
Just my opinion, not financial advice. Make your own decisions.
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