Congratulations bulls! We now have a strong 4 hour uptrend as we approach major resistance at $10,000 on our way to the bull flag target in the $10,800 range.
Don't be surprised to see initial rejection at $10,000. It will be strong resistance and we are already getting over-extended on the RSI.
Most likely scenario is approach to $10,000, consolidation, then another push to try to break resistance.
If we break $10,000, we may see another big run in price, as there isn't a lot of resistance between there and all time highs.
This should be an interesting next few days!
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Don't be surprised to see initial rejection at $10,000. It will be strong resistance and we are already getting over-extended on the RSI.
Most likely scenario is approach to $10,000, consolidation, then another push to try to break resistance.
If we break $10,000, we may see another big run in price, as there isn't a lot of resistance between there and all time highs.
This should be an interesting next few days!
Please like and comment below!
