Bitcoin looks like it is still on support for now. If it can hold this level it will test descending resistance soon. A breakout may lead to a parabolic rise with the bottom of the previous channel as the logical target, possibly above 12k.
Failure to hold this level will see Bitcoin test lower support levels. Critically, a fall below 6k confirms the failure of the previous pattern of consecutive bull markets (secular bull market).
Failure to hold this level will see Bitcoin test lower support levels. Critically, a fall below 6k confirms the failure of the previous pattern of consecutive bull markets (secular bull market).
