Bitcoin just hitted $11.000 and bounced back to $10.900 within just 20 minutes. So what are we currently seeing? Is this the breakout everyone is waiting for and will we see the Bulls to join this race?
Once we have a look at the 15m chart, we are now at a very critical point for this week. From what volume is telling us, People will sell off once it hit the magic $11.000 mark and will pull BTC back to arund $10.500 within the next 1-2 hours.
Sadly but totally clear, as resistance is mainly still at $11.000 and as we're that close to the weekend, we will likely see again a "red" weekend.
But maybe this is one of the last pullbacks below the $11.000 line till we see the "Bullrace" again. We will close March for sure at a range of $19.000 - $22.000. So maybe it's a good time to wait till saturday or sunday and invest some money for this nice upcoming race
Disclaimer: Never invest more than you can afford to lose!
This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I'm not responsible for any of your losses. By reading this post you acknowledge and accept that.