The_Yeager

BTC up or down?

BITSTAMP:BTCUSD   Bitcoin
looking at 3HR chart. BTC has moved with strong volume up +15%. Simply put, based on the current support and resistance, we could see a slow drop to 8450, where price could bounce up and climb up to next resistance near 9050.

If price continues at 8500/8600, watch for break above 8750. Price could push up to 9050.

if price drops below 8400 we could see continued drop to 8000 and possibly 7800.

Watch closely next couple hours how price moves and reacts to 8450 low
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