Looking at a short time-frame, we can clearly see the prices consolidating.
If the price again tested the 55-EMA and successfully breached it and maintains the price above it, the price is expected to slowly go upwards to retest the $11.7k-$12k zone resistance.
Looking at a longer time-frame, assuming that the ABC correction count is correct, it is safe to assume that the price now is on an upward trend as shown below.
A major resistance is at $11.7k-$12k zone. If the next $11.7k-$12k zone resistance test successfully breached the resistance, then a slow creep to $15k zone is expected.
However, if the next resistance test fails to breach it, then an alternate path to $15k zone is expected.
Date: 13 March 2018 - Time: 22:00 (GMT+8)
Cryptocurrency exchange: Binance
Current BTC price (USDT): 9,155.00
24h high (USDT): 9,474.00
24h low (USDT): 8,780.00
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