BTC trend is frend until its not

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
114 0
in the channel BTC break the trend line could drop to 6400. to many buyers waiting there imo it will break to the upside of channel. end of the week usually ends strong. 7550 is resistance if it breaks here could power thru to 9000 plus. possible trade would be buy stop at 7560 with target at 9000 stop at 7000. i will sit this trade out as bears have awaken.
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