Do repost and rate:
It's now over a week Bitcoin has been consolidating between $9,500 and $9,800
Based on the trend line I've identified, Bitcoin should make a move by end of this week, I can see Bitcoin keep slamming against by top yellow line suggesting that's the level it wants to break over.
The bottom yellow line is where Bitcoin dropped in the last week or so and was also where it was supported end of last month.
If we were to break over $9,800 and stay over that level for over 4 hours I suspect Bitcoin may rally to just below $11,000 which is where the purple trend line is.
I think we may see another drop to $9450-$9460 level soon before coming quickly back up, if that doesn't happen then we may see a big drop below the bottom yellow line.
