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Castleburning
Feb 14, 2018 12:13 PM

Bitcoin — Multi-Intersection 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin arrived at a key intersection of multiple indicators

If Bitcoin is able to break-out upwards this intersection of resistance, it would be a signal that we will be going higher
in the short-term, possibly re-test the 10k resistance level.

In general Bitcoin is still quite bearish, and the bigger picture is we are still in a downtrend.

There's a lot of resistance to move upwards.


Comment

The 1st next resistance
A break above 9300 would be a short-term trade buy signal.

This would confirm a move to 10k and maybe beyond.

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