Bitcoin looks overall very and could initiate new Up-MOMENTUM very soon in order to continue the uptrend.
In this scenario I can clearly see two chance to buy Bitcoin after the breakout of the current correction in form of a FLAG-Pattern.
The market is currently fighting between three significant MA`s and has shown more momentum upwards after breaking above the 200 M/A which could be our new support.
The best scenario would be another re-test of 6.000 which is a high supply-zone looking at the weekly chart.
We`d have a nice chance to buy Bitcoin for a low price before it should get back to 12.000 – 14.000.
Good Luck! =)
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Published at Sun, 12 Jan 2020 10:02:45 +0000