Bitcoin broke major downtrend in the last month and this week we finally retested the previous resistance line as a support and it was a perfect retest for bulls. What we have now is a bullish breakout followed by a bullish retest. 1D indicators are also looking bullish : Stoch RSI is oversold indicating another wave up. RSI is making higher lows indicating that bulls are beating bears .
And most important we have all EMAs converging making easier for Bitcoin to cross all at same time and start a new uptrend. After this retest I am expecting Bitcoin to reach at least 7K by the end of November and coincidently make a golden cross in indicators .
For a bull run to be confirmed in my opinion we just need to cross up these EMAS so we can start a new and strong uptrend.