We are seeing a small bounce and people are asking… Will Bitcoin go up now or the bearish bias remains?

Look at this chart above.

We have a corrective wave developing and some small bullish action is showing up.

Yes, Bitcoin can go up… But, it first needs to break above resistance before the bulls are back in control.

The yellow square on the chart is the resistance we talk about.

• Above this level, prices can grow…
• Below this level, we see additional drop.

Pretty simple.

Wishing you a nice/lovely weekend.

And a glorious Full Moon!

Namaste.