Crossroads for BTC


Currently on the 4hr BTC is facing short term resistance @ 11.4 K, if it fails to break this level the the long term trend toward 7.4 K may play out. However there are a few stops along the way. If BTC doesn’t bounce of the purple line ( trend line from 20K) then the next support is 10.5K which was the peak for the last few rally attempts. if 10.5K fails then there will be a strong push to 9.6K which is very significant support ( CME Gap & golden FIB .618 from 20K high), hopefully it can find support there, if not, the chances of hitting 7K will increase significantly (golden FIB .618 from 14K high).