In my crypto video analysis report on 2/14, I stated in order for Bitcoin to continue its upward trajectory, price needed to break through a 4 hr supply zone at $9300.
We just surpassed that 4 hr supply zone at $9300 and price is gravitating to $10000 currently.
On the 4 hr chart today, you can see price going up, then basing, going up, than basing, than going up as indicated by the green circle. This is a positive sign in that the buyers are in control. However, the buyers must be prepared to battle the sellers sitting at $10000 as indicated by the yellow circle. A nice opportunity to join ride is if price pulls back to $8800 as indicated by the white arrow. I anticipate hitting my first target at $12000 in the coming weeks.
This post is my personal opinion. I’m not a financial advisor. Do your own research before making investment decisions. By reading this post, you acknowledge and accept full responsibility of any gains or losses.