Bitcoin came out of the global falling channel and most likely formed a new upward channel. However, the external stock market is at its highs and I expect a correction soon, which will affect Bitcoin as well. Will the Bitcoin be able to grow up without pullbacks? There are big doubts. The last two weekly candlesticks show the bulls' weakness.
With a small correction in the price, there will soon be a trend test at 10700. With a small stop-loss, you can consider the long position.
A deeper correction implies a correction movement to the lower boundary of the uptrend channel to the price of 10000 and even to 9000.
Leaving even lower may provoke a very long bearish scenario.
Meanwhile, the big inverted head and shoulders with targets up to 15,000. By the end of the year, this is a very real target.
With a small correction in the price, there will soon be a trend test at 10700. With a small stop-loss, you can consider the long position.
A deeper correction implies a correction movement to the lower boundary of the uptrend channel to the price of 10000 and even to 9000.
Leaving even lower may provoke a very long bearish scenario.
Meanwhile, the big inverted head and shoulders with targets up to 15,000. By the end of the year, this is a very real target.
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