Bitcoin is heading sideways. The Bear has been so strong. If the Bull fails to gain control, we would expect to see lower price and the opposite will take place if more buyers jump in.
Target, H: $10,000 L: $7000
NOTE:
Technical analysis employs models and trading rules based on price and volume transformations, such as the relative strength index, moving averages, regressions, inter-market and intra-market price correlations, business cycles, stock market cycles or, classically, through recognition of chart patterns.
In finance, technical analysis is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume.
https://en.wikipedia.org/wiki/Technical_analysis
