Possible BTC/USD breakout in the next days

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The BTC /USD pair is on a sideways market between the Short-term resistance and the Short-term double support.

In the next hours or days the price may touch the nearest double support level at 13,100. The two scenarios are:

  • A break out down this level: This may indicate further tumbles in the pair, possibly reaching the Long-term support.
  • A bounce: The price may bounce and reach the nearest Short-term resistance level at 16,200 or even the next level at 19,700.

Hoping for a price bounce!

"If past history was all that is needed to play the game of money, the richest people would be librarians." -Warren Buffett


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