Locally BTC is still bearish until we dont break 60K resistance however globally we are still on an uptrend. BTC did a trendline break out and the pattern is similar to the last pullback, in which the uptrend continued. I am still bullish but we need to anticipate the moves to the downside, if we break the local support we will probably revisit 52/53 K area or we could even revisit the ascending trendline that it has been acting as support since July, until we dont break this tredline I would not consider BTC to be bearish. Let´s keep an eye on BTC and find good opportunities. Altcoins are at a discounted price and if BTC bounces back up we can expect good gains!
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