Cryptorphic

#BTC Facing Important Resistance.

Long
Cryptorphic Updated   
BITSTAMP:BTCUSD   Bitcoin
Hello guys. welcome to this update.BTC successfully broke above the black horizontal resistance. Now it is facing resistance around the 7800 area. Break above this range and we can expect $8300. If it doesn't beak above the resistance then I expect $7500 to act as a major support level. RSI is concerning me for being bullish atm. If you're holding any longs either put a SL or take some profits.

7500 and 7277 which is also the 200D MA acts as a major support here.

Let's see if it breaks the 7800 level.


#PEACE
Comment:
Broke the resistance and now ready for 9k.. read the next update here:

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