We bounced off the famous 760 level which has acted as strong resistance and now support. (aka turncoat) Watch as the price approaches the Strong Bull Channel. If we touch it and go up, it's definitely bullish and our next stop is ~875. If that shows no resistance then we're probably headed to ~1040.
However, If the price breaks through the Strong Bull Channel, then we're going to test the 760 level a few more times before gathering enough steam for another push up.
My bet is on 875 -> 1040 ->1161.
Worst case, big sellers need some $$$ to pay taxes and sell off to $550.
However, If the price breaks through the Strong Bull Channel, then we're going to test the 760 level a few more times before gathering enough steam for another push up.
My bet is on 875 -> 1040 ->1161.
Worst case, big sellers need some $$$ to pay taxes and sell off to $550.