$11500 still achievable
In my previous post I mentioned that BTC could get near $11500 in the near future. It looks like we're pushing for it again, but have trouble on our way.
BTC/USD Monthly View
In the end I left both the descending trend lines in place (body-to-body & wick-to-wick), to have an accurate view. We're currently trying to push above the first one and find resistance at the 0.382 ($9440) Fibonacci level. So far we're good; it looks like we try to respect the previous pattern of having at least a candle wick to the the upper trend-line.
BTC/USD Daily View
On the daily, we're approaching the previous local high again and a strong fight is going on. We could see Bitcoin correcting to the 21 EMA (yellow) again and ride along it to the upside. For now, we have a MACD rejection at the signal line and descending trading volume.
