BTC Downtrend Breakout

20 באפר׳ 2018

After 124 days, BTC finally broke out of the log downtrend. A key move in an effort to head back to 10k. This bounce from around 6.5k is stronger than the last because of the prolonged consolidation that occurred leading up to the run. If Bitcoin finds resistance around 9.3k we'd expect to see if retest the downtrend before bouncing again. Strong resistance at 10k makes sense, psychologically it should be hard to break.