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TiborVrbovsky

Bitcoin is going either to $11.000 or $10.000 from here.

Bitcoin (BITSTAMP:BTCUSD)  
TiborVrbovsky Updated   
BITSTAMP:BTCUSD   Bitcoin
Support and Resistance BTC BTCUSD BTCUSDT Bitcoin (Cryptocurrency) bitcoinforecast btcusdlong btcusdshort bitcoinprice btc_usd
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supportandresistance btc btcusd btcusdt bitcoin bitcoinforecast btcusdlong btcusdshort bitcoinprice btc_usd
Bitcoin is testing the uptrend line from which is very likely to either retest $11,000 or fall to $10.000.

The 50 and 20 EMA's are in uptrend, but if the uptrend line gets broken, they will be in a downtrend.
200 and 50 EMA's are still in downtrend.
RSI is below 40, bearish.
MACD continue with a selling wave.

I will update this idea, when it's more clear if the price is going to $11k or $10k.

Until then,
Tibor
Comment:
Price of Bitcoin broke below the uptrend line, but has found a significant support at $10.280 which is one of the key support levels in the analysis above. The fact that Bitcoin broke above $10.430 means retest of $10.600
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