BTC update: watching important $11200 level
So far, Bitcoin perfectly follows our previous analysis. The price rebounded from $10350 support level and went up to $11200 - 11500 area. While the price keeps above $11100 - $11200 level, the priority is LONG with $12000 target. If BTC falls down and fixes below this level, priority changes to SHORT for the further correction to $10000. Also we can see strong divergence from the 3rd point of an Elliott cycle and the last candle, this can be the reason for a correction.
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