aulakh03
Long

12000 doesn't look too far in weekly !!!

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
As it is seen from past week bitcoin is in correction phase which has bought price from $10500 levels to 9260 from where it has taken support of 200 ema in 4 hourly . But bulls seem unable to pull back to further highs and are not able to hold level of 10000 from which it seems further correction is due. Any buying opportunity should be seen near 8300 to 8500 levels from where bulls should take seat for 12000+ and 18000 + levels after breaking the breaking the weekly trend line . Breaking of 8000 levels seems hard , if broken bears will be in the driving seat .
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