BTC bullish pennant

Oct 28, 2019

BTC bullish pennant at 1 hour chart. Yes, BTC often go against classical patterns, but with all the bullishness it gained, I feel this time it can go as expected - up. BUT always expect unexpected, when it comes to BTC =) So what we may expect?

Bullish scenario:
1) Bullish test of 9600 again and possibly ~9750
2) If breakout, it will grow to 10-10.1k
3) If last resistance is broken - target 12500

Bearish scenario:
1) Dump below 9300 will push it lower to ~9000-9050
2) Falling lower will take it to 8550-8700 (were two support levels but now its just one big support zone)
3) Finally, lowest I can imagine is 8300 support. Should be strong enough to hold the price.