Hi guys!

Here are my thoughts on bitcoin for today.

## BTC - 12 Hour Chart
Tools used: **Ichimoku Cloud**, **Moving Average** and **Trendlines**
![5aa866010d8d1.png](https://steemitimages.com/DQmQZv7ftNWMQmQx53rmFFx41Z3J4Xsu3eGGbJXV1PzYxWp/5aa866010d8d1.png)
Taking a closer look at 12 hour time frame it seems like the ichimoku cloud provides support for bitcoin price so far. Note that 200 moving day average also provides support around this price area.

Some times (not always) this cloud will predict future price action so there is a possibility that bitcoin will have a bit of a rally in the next few days to $9,700 price area. Then probable testing of resistance of the bull flag around $10,000. 

## Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!