End of the dip (Bitcoin)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin is approaching the $9,500 resistance level .

This is an important level as it will put bitcoin back into a upward trend line and allow for a breakout of the downward channel .
$10,500 is the next important resistance point as at this point bitcoin will be out of the downward channel and as well as in the upward trend line .

If bitcoin falls back down to $6,000 and bounces again this will a sign of a solid bottom support.
A breakthrough of this level would test the $5,300 support level .

The MACD has formed a upward trend line which could be hinting towards $6,000 being the final dip.
The Bollinger bands are also hinting towards a upward trend.

A breakout of the $9,500 resistance point and back into the upward trend line would be a indication of bitcoin finalising this dip.
This would be the beginning of a new run across the year.
Comment: Still looking for bitcoin to make a breakout of the $9,500 level.
This would be a very positive sign and a very likely ending to this dip.
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