We had predicted in last analysis that BTC will find strong resistance from the upper line of the descending channel around $12000. It bounced back from that line today.So, what's next?
BTC should find support from the uptrend line which formed inside the channel. Just below this uptrend, there will be $10000 level. This level should be watched carefully if it's broken down a fall to $9100 level is possible.
On the other hand, as we mentioned in our previous analysis BTC will give us a strong bullish sign if it breaks out the descending channel.