Since 8400 is now been broken, we can now zoom back out to the bigger move from 6430 to 10500 and do fibonacci retracements. Next probable retracement is the 50% at $8225

Just for clarification, I am not a critical bear of Bitcoin. I am and always will be a long term bull of Bitcoin. I just see a potential opportunity right now.

Nice analysis! I don't really mess with altcoins though...

Update: Zooming in further, Bitcoin has made some great advancements towards the psychological level of $10k. Bitcoin is forming a clear bull flag on the 30 minute chart with the Stochastic RSI showing

I personally think that a retest of the $10,400 level that was made on October 25th/26th will come very quick after it breaks above the $8k level.

Not only will cybersecurity stocks explode in an imminent war with Iraq, Bitcoin will also explode. Bitcoin will be a safe haven from inflation that is always present in countries that are in war.

Thank you so much! I was waiting for a detailed guide like this one before moving my funds.