Weekend analysis on the Bitcoin markets.
Zooming out to the 1day candles we can see that the market experienced a failed breakout at 11k and formed a nice double top.
Buyers stepped in below the 200 ma and pushed prices back into the 9000 zone, this is a nice bullish confirmation, on the very near term at least.
I expect we might test 10 000 this weekend, but be careful as prices could return back to 9000 before we start the week.
Important to note that the momentum is clearly against the bulls on the shorter term, so I would expect a battle between the 8k – 10k zone before we get any more action. Safe trades