So, the first day of the week was negative for Bitcoin, but there is still some hope that we will move a little bit higher. Lets have a look at the daily chart:
Comment: First of all, Bitcoin broke a 3 day rising trendline and then we fell down to the supporting trendline at 10300 and the good thing here is that we bounced off from this one.
So, you in this case you could make the argument that we 3 days ago broke out to the upside and today retested that trendline (not exactly, but very close). If that is true, this could be positive. But we will see.
Tomorrow, I want you to pay attention to this lower trendline and see it it holds. That line is right now at 10800. If that one were to break, we are probably looking at 10200.
Now, lets finish up here with a positive scenario. To the upside, Im first of all looking at 11700 which is Mondays opening price. We want a daily close above that price level.
Happy investing!