Bitcoin has found support at the 4H 50MA, and is currently trending upwards at ~10,700 USD. Upcoming resistance areas are very crucial for BTC. If the buyers can push it over the 11,000 levels; we turn bullish and go for the 12k break.
However if we fail to break the 11k area, there is a strong possibility of a Head and Shoulder pattern forming, which will put us in a strong bearish trend.
However if we fail to break the 11k area, there is a strong possibility of a Head and Shoulder pattern forming, which will put us in a strong bearish trend.
