Spikes of volume on bitcoin usually mark pivot points. Will we see a new high until the end of the year?
I noticed that on the daily chart, the bursts of daily volume were 2 times before (from 3000 and 5400 USD)showed us the bottom of the fall. Yesterday there was a 3rd similar spike (marked on the graphs with blue arrows), it was probably a new bottom in an uptrend (10700 on bitfinex).
In my opinion, we will have a good opportunity to buy bitcoin on retest 10700 without updating the lows, for example from 12000. The key resistance zone is now 16500-17500, in case of overcoming which bitcoin will rush to new ATH.
Red ellipses, I indicated the possible goals of the fall. At the moment, bitcoin was able to break the upper boundary of the growing channel from April 2017, ie. the trend accelerated. Bitcoin correctly worked as the upper boundary of the constructed mirror channel, and almost exactly tested its lower boundary. I think, further it is possible to be guided by a mirror channel.
It would be nice to finish the year at the maximum, we wait!
So far so good, very nice second "leg" with the base ~12000USD https://www.tradingview.com/x/3NDigEsh/ 15000 right now.
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