LibertaliaVentures

Bitcoin break out and upside potential

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin consolidated in some sort of triangle and broke out earlier today.

If it closes above $8.500, the next key level would be around $9.000, right beneath the 200d SMA and the golden pocket area.
If also broken, the larger triangle mentioned last week could be in play with a target around 10-11k.
Jan 15
Comment: #Bitcoin stopped for now on the 0.618 Fibonacci retracement & the 1.6 extension for the C wave. Usually, these levels are harder to overcome and $BTC more often than not gets rejected during downtrends there.

If it wants to go higher… expect a little bit of consolidation here.
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