BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Here you see on the daily chart for bitcoin that we have been in a descending triangle for quite some time now and currently heading towards diagonal resistance again. In order to even get the chance to test that trendline we must first break through resistance at 6775. If bitcoin can push through that horizontal resistance and break out of its range then the big test will be at 6850, also looking for solid volume to accompany this move to validate bullish behavior. A failure to break the horizontal resistance will most likely result in a move back down to previous support around 6370, failure to bounce there could push price down to the 6200 region again. My personal opinion is that we head to the strong support around 6200-6000 followed by a nice bull run. Let me know what you all think or if you agree and happy profitable trading to all of you
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