First big resistance is the 14.500 area, but as i am writing this, it seems to be breaking out.But a bigger resistance and challange the 15.100 area. If it can really get above here, than only the 16.200 would stand in the way confirming it will make a new ATH . But for now it is showing more strenght than a half day ago. A drop to 12K/10K is open. Lower than that is no option, unless there will be a trigger that people would loose faith again. For now the hype is still to strong to make a very big correction. Time will tell
Second thing is, Bitstamp is falling more and more behind, difference is 600 points now. I have mentioned this aready a few times before, untill now this has always been a weak signal.
The swings are getting bigger and extremer by the day, even by the hour! For me this is a sign of desperation, for the buyers but also for the sellers! A move above 16.200 and 17.200 could bring back some more confidence. If t cannot get above these 2 levels soon, and it would drop below 13.000, than expect to see 10K very fast. For now it's looking quite positive, but it has to stay above 15.000!!
Free Public Telegram, broke the 5.000 level of members https://t.me/botje11