Yesterday BTC made a strong pump with a Bullish Marubozu candlestick (at Pink arrow), that means Bull is handling 100% of this pump and there is no space for Bear. So we are still Bullish in this situation.
The nearest support zone is 11600$.
As usual, BTC will stand here 1 day before making new move. So if BTC still stand above 11600$ after the last pump, it will keep moving up with 2 pumps and targets shouls be 11900$ and 12400$.
The bigger picture is a huge Cup & Handle pattern, that signs a target to 20000$
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The nearest support zone is 11600$.
As usual, BTC will stand here 1 day before making new move. So if BTC still stand above 11600$ after the last pump, it will keep moving up with 2 pumps and targets shouls be 11900$ and 12400$.
The bigger picture is a huge Cup & Handle pattern, that signs a target to 20000$
TradingView
