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BTC/USD Potential Breakout Coming

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
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Looks as if BTC is reaching a point where it previously had trouble passing around the $784ish* mark(give or take $10).
I find this area to be very decisive with where BTC will head. If we do cross into the $800 zone and see a solid Candle Close on any 1h+ Chart I can see us hitting $1000 in the next week.

Comments

Well spotted, your line acted as some string resistance after it broke through. BTC is crazy mad. I can't even start to analyse it in the same way I do forex :-)
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bunderson bunderson
That obviously should have said "strong" not string and support not resistance. Long day sorry
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