$BTC - Will it continue its uptrend?
Very soon 
BTC is going to encounter a key-resistance. In order to validate the continuation of the bullish-looking uptrend it must clearly break out of the bearish downtrend channel and it must certainly surpass the 11k USD resistance (a clear daily-close above 11k USD could confirm this).
Option 1)
A retest of FIB 0.236 at 9k USD COULD be possible and could even result in a double-bottom below 9k USD.
However, never underestimate BTC! From the FA point of view, their is nothing against a furtherBTC rise: Lightning is coming soon and should be able to solve the most recent "problems" of slow transaction speed and relatively high transaction costs. Also, at the time being there are more positive than negative news about crypto in general, which is a good sign.
Option 2) (slightly preferred option)
In my opinion, there is a good possibility thatBTC bounces around the lower limit of FIB 0.382 (between 9.5k USD and 11k USD) for some time before being able to break the resistance. The next target would be at about 14.2k USD which coincides with FIB 0.618.
Remember, markets are very difficult to predict accurately, they are always full of surprises. Always do your own research and be critical about others' opinion!
Good luck and happy trading!
BTC is going to encounter a key-resistance. In order to validate the continuation of the bullish-looking uptrend it must clearly break out of the bearish downtrend channel and it must certainly surpass the 11k USD resistance (a clear daily-close above 11k USD could confirm this).Option 1)
A retest of FIB 0.236 at 9k USD COULD be possible and could even result in a double-bottom below 9k USD.
However, never underestimate BTC! From the FA point of view, their is nothing against a further
BTC rise: Lightning is coming soon and should be able to solve the most recent "problems" of slow transaction speed and relatively high transaction costs. Also, at the time being there are more positive than negative news about crypto in general, which is a good sign.Option 2) (slightly preferred option)
In my opinion, there is a good possibility that
BTC bounces around the lower limit of FIB 0.382 (between 9.5k USD and 11k USD) for some time before being able to break the resistance. The next target would be at about 14.2k USD which coincides with FIB 0.618.Remember, markets are very difficult to predict accurately, they are always full of surprises. Always do your own research and be critical about others' opinion!
Good luck and happy trading!
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