Bitcoin is still in bullish territory

Bitcoin is still in bullish territory but is holding onto the last line of defense in the $11500- $12700 zone

The blue line in the image is the grand fib #34 at $11750 area which can be seen as a very critical price point of support

The green trend line is the breakout of the last trend into a new possible trend

We are now getting down to where these 2 zones meet near a weekly close

How the next week plays out is very important and the next few days open and close price need to stay within the zone to have possibility of continuation up

Opening and closing daily candles below these 2 lines could possibly signify the start of a further drop.

Thanks