These are the Fib retracement channel and the Fib retracements overlapped. It seems that BTC was able to overcome the first golden pocket on the horizontal one. However, it had had some issues to overcome the one from the Fib. channel. Let's see how it goes. I'n my opinion if it goes above 12350 we'll be entering the bull market with confidence.
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Probably if it can put a 4hr candle over 12400 USD it would be a better value for a confirmation.