FR-Crypto

BTC TRENDLINES

KRAKEN:BTCUSD   Bitcoin
I would rather be more bullish for the next days such as we went through the breakout of both trend lines that were mainly bearish

However, the 0.23 of FIBO (breakout&pullback more visible on 1h timeframe) remains a resistance that the market is certainly about to restest, I suppose that a bearish scenario is not to exclude if the market rejects one again the 11600$.

The chart pattern I would not like to see is a double top on the 11600$, which would mean that the market is not willing to do business above this level.
Feragatname

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