ICMCapital

BTCUSD - 2 possible scenarios

ICMCapital Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC is currently trying to break it's 12k resistance. It is important for BTC to break 14k resistance to continue it's parabolic trend.
BTC breaking the 100 SMA would lead it to it's next support at 8.5k USD.
Trade active:
BTC is entering the cloud, would make a good Edge to Edge trade with target at 14k.
Same conditions as previous update, although the outlook is more bullish as BTC is holding north of 10k.

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