BITCOIN Secondary & Weekly cycles
I would think BITCOIN will try and move towards 9700... and hopefully continue higher as part of a 2 year trend towards new highs in 2020
However, 9700 will be seen as a resistance zone (previous report)
Sometimes we get the timing SPOT ON, other times, it follows text-book patterns before it continues on with the Primary trend.
Primary Trend - higher highs into 2020 - 2022
Above the 2019 50% level at 8050
moved higher, only once it hit the monthly lows in October.
Stalled at 9700.
We can see the step formations going forward in November and December.
Therefore, even though it's stalled at 9700...
our support zones are from next week at 8940, as part of a trend that's going higher.