If you believe that rising scenario on the BTCUSD will remain and turnaround pattern, which we saw on the 6000.0 level will start a new upward wave, then the 8000.0 - 10000.0 fits into this scenario as a Buy zone, in which the price will turn around and resume its upward momentum.
It is important for bulls to see a rebound in this zone as this will prove the Reverse Head And Shoulders formation and will not call into doubt formation of the uptrend.
Nonetheless, buyers should take into account that big players can take advantage of this scenario and try to push the price as low as possible to provoke panic among smaller traders. Hence the pins below the 200-days EMA are possible. But overall I am waiting for the rebound in the 8000.0 - 1000.0 zone.
It is important for bulls to see a rebound in this zone as this will prove the Reverse Head And Shoulders formation and will not call into doubt formation of the uptrend.
Nonetheless, buyers should take into account that big players can take advantage of this scenario and try to push the price as low as possible to provoke panic among smaller traders. Hence the pins below the 200-days EMA are possible. But overall I am waiting for the rebound in the 8000.0 - 1000.0 zone.