BITCOIN near $10000!! What will be the price reaction?

This is a 1D analysis on the short term price action of Bitcoin as it prepares to test the 10000 psychological level.

As we see it is trading on the neat Channel Up since April with buy signals on its Higher Lows and exits on the Higher Highs. Every time it makes a Higher High it consolidates inside an Ascending Triangle that ultimately leads to the next bullish break out.

10000 is the 1W Resistance/ Heavy psychological benchmark/ May 05, 2018 Lower High during the bear market. It will surely trigger some action:

Scenario 1. It breaks it finds even more buyers and continues to fill the +62% bullish leg towards a 12100 Higher High (and extend the Channel Up).

Scenario 2. Short term rejection towards the 8800 - 8980 4H Support Zone. Breaking of this zone invalidates the pattern and opens the way to even lower prices (if the MA50 breaks).

What do you think the outcome of $10000 will be?



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