The way of the BitcoinI am not trying to be pessimist and i will not. Check the graph! The middle line of the Trend is a strong resistance and strong support. Bitcoin seems respecting this trend. Not only the trend itself! Check the parallel lines as well.
Bitcoin tried this support yesterday and bounced. Looks like it is going to try one more time. If Bitcoin can not cross down the support, this may indicate a rise and the targets are 8400 - 9.600 - 10.400! However, if it crosses down the median and closes day below, there is a different scenario and we can go back to $6K - $6.5K
I will update this post at the beginning of the week with the statistical probabilities of the following week. Keep in touch!
Btw, you can use my statistical method's indicators to see the probabilities of any asset classes:
The Curve
The Path
Bests,
Atilla
