Major Levels of Importance for Bitcoin

Since the Head and Shoulders target have played out price has now entered into a consolidation. On the positive, price is so far managing to hold above the 100 DSMA. Overhead resistance will be the Monthly S1 Pivot @ 160650 with a close above it likely heading for a re-test of the HnS neckline @ 11100. If we see any bearish PA below the 100DSMA we will probably retest horizontal support near 9800. And in the event of a sell-off remember to keep in mind that the 200 DDSMA is near 9100 with the yearly pivot all the way down at 8000.