Bitcoin climbed higher today as it reached and stretched for a double top. It pulled back slightly but is now retesting those highs. Three attempts to breach new highs and failure make it past is very bearish, however if it does make it past then we will start to look at more Bullish scenarios. This is getting close down to the wire. Although our C wave still would be invalid at $12k, we would like to see a decline here as the completion of a long drawn out ABC 1-2 correction pattern. We would rather wait to see how this plays out before giving an update but it seems to be taking it sweet time already.
News:
Analyst Sentiment Breaks Bullish With Bitcoin At $11k:
https://cointelegraph.com/news/bitcoin-breaks-11k-as-new-support-forms-and-analysts-turn-bullish
If Banks Lose Trust Then People Will Turn To Cryptos:
