As suggested, the BTC price hit the multitude of trend lines and support channels and bounced predictably (Note I've altered the lines now slightly for this new analysis compared to the last). There is still a risk that it is in a bearish rising wedge (both short-term (few days) and medium-term) so I won't be fully comfortable until it starts heading back up the channel - however in turn this now presents a fair risk to alts.
Next resistance if we head up could be at 16k forming the bullish wedge on the medium term, or we break through and head back up to the previous high of 17.1k.
If we head down, breaking the channel, there is previous support at 12.7k and 11.6k.
Next resistance if we head up could be at 16k forming the bullish wedge on the medium term, or we break through and head back up to the previous high of 17.1k.
If we head down, breaking the channel, there is previous support at 12.7k and 11.6k.
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