Here´s just a quick idea - the range of 10 700 - 9400 USD looks like a strong support zone. We have seen it´s power twice in the history. First, it was a rezistance of course and stopped the awesome BTC growth for a while. Next time, few days ago, it stopped it´s fall. The total low of this day was around 9220 and it was bought back very quickly.
Even if I want to see Bitcoin touching the long term trendline and bouncing up, I have to admit we can bounce right now. If this happen, it would mean double bottom (in case of the total low 9200), which is strongly bullish signal, or even better, we could see higher low than the other one - making a new trend!
Anyway, noone can predict what´s gonna happen, but TA can tell us what is possibly a good buy area. And this is a good buy area.
have fun!
Even if I want to see Bitcoin touching the long term trendline and bouncing up, I have to admit we can bounce right now. If this happen, it would mean double bottom (in case of the total low 9200), which is strongly bullish signal, or even better, we could see higher low than the other one - making a new trend!
Anyway, noone can predict what´s gonna happen, but TA can tell us what is possibly a good buy area. And this is a good buy area.
have fun!