Bitcoin has taken support at its previous area of demand zone :- 8300.
Prices are within a bigger Flag Breakdown Downtrend but have begun forming a Higher High and Possible Higher Low Formation.
Target for the Next Leg of up move will be confirmed once we break the higher high and then its a throttle all the way to the Higher High Target of 9985.
9985 coincidentally is not the target for the next leg up but also the line of Daily Resistance.
Such matching of targets usually work in tandem.
Prices are within a bigger Flag Breakdown Downtrend but have begun forming a Higher High and Possible Higher Low Formation.
Target for the Next Leg of up move will be confirmed once we break the higher high and then its a throttle all the way to the Higher High Target of 9985.
9985 coincidentally is not the target for the next leg up but also the line of Daily Resistance.
Such matching of targets usually work in tandem.
