BTC short term double top?

in #btc8 years ago

BTC likely needs to hold up in this area and not breach that 3rd blue line in order for it to sustain this recent bullish trend:

After getting near $12k a month ago, it regain momentum and made another charge yesterday.

However, it was turned away again at that level.

Which could mean a double top is in play or it could mean that prices need one more pull back before busting through.

The key on the pullback that I would like to see is for the price not to go below that prior low, which is right around $9,400.

We break that and we may have to go back to that $8k level, maybe even lower.

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I agree with you. Nice analysis.
Thank you

Which part do you agree with?

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