BTC update, BTC rally going to start soon

Hello Friends,

Here is the latest analysis on BTCUSD the King.

1) The Price touched the long-term trendline and bounced back.
2) The Volume based study shows the decent volume in the recent past is the good sign and brings in more attraction.
3) The Price took the support on 200 EMA and bounced back.
4) As long as the Price is on the channel, it can head to $12700.

Break below the channel, 200 EMA would turn as resistance and 100 EMA can provide support, but it can gain support on $9300-$9500.

I will keep you posted.

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