BTC:USD 1 hour chart DAILY UPDATE (day 20)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Yesterday I called for a $8,850 re test and today I am liking the double bottom that formed. Support has moved up nicely and the buy volume continues to look good. Now I am expecting the price to test the 200 day SMA right around $9,750 - where the fight would begin. I am still staying away from entering a long until we break the bear trend.
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