Bitcoin: 12 500$ as Possible Target for These Weeks

The bears couldn't break the key support zone. The price bounced from 10 000$ support and made a good upward movement. If the close price of the daily candle is at the current level or higher, we will get a reversal candlestick pattern. It will be a bullish signal in the direction of the main trend. MACD and RSI will support the further upward movement where the main target will be at 12 500$.

The alternative is a breakout below 10 000$ and SMA200. It will be a solid bearish signal. The market will be able to reach 8000$ and 7000$ support zones.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.