💎Yesterday, Bitcoin saw a second bounce from the 11,100$ support area discovered by ParadiseTeam.
💎As predicted in the last FREE update, BTC was grinding up after first bounce, broke 20MA weak resistance (yellow line), but got rejected around our strong resistance area peaking at 11,600$. BTC is now again approaching this resistance zone (previously support) at around $11,600-11,700$.
💎We must see a daily candle close above $11,800 to confirm a trend reversal.
💎Today Gold broke-out, with Gold-BTC correlation things looks good; however, until BTC closes above 11,800$, we need to be aware that BTC can correct further; if breaks beneath 11k, we will get a stronger sell signal with projected target around $10,500.
💎So far, BTC failed to close below $11,300 & seems to be forming a base. No major lows have been made, so this is still technically an uptrend, and our bias remains still quite bullish.