Bitcoin - Take caution
Updated
This is a pretty good pump, yeah, but we're not out of the woods just yet. Look at how perfectly BTC retested the 200d MA. Perhaps a bearish retest?
If BTC is really out of the woods, it needs to pass 4 levels of resistance: the 200d MA, the 100d MA, the ~9400 resistance level, and the downtrend from 14k.
I'm cautiously bullish here, but if it goes back down to confirm this is as nothing more than a retest of the 200d MA, I wouldn't be surprised at all.
If BTC is really out of the woods, it needs to pass 4 levels of resistance: the 200d MA, the 100d MA, the ~9400 resistance level, and the downtrend from 14k.
I'm cautiously bullish here, but if it goes back down to confirm this is as nothing more than a retest of the 200d MA, I wouldn't be surprised at all.
Note
Bearish retest confirmed, now I think we probably have a pretty good chance of going up, perhaps a quick drop to 8400 though.
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