omegabull

Will BTC breakthrough?

BITSTAMP:BTCUSD   Bitcoin
Sure enough BTC has broken the first line of resistance, the 20-SMA on the daily timeframe. But there will be serious resistance ahead, as I have marked on the chart. A followthrough is very important at this point for further confirming further strength on BTC. Not to say that the bear flag is pattern is still in-tact and any weakness will be met with massive shorting on BTC. Will the recent strength in the DXY prove lethal for BTC and other cryptocurrencies? Time will tell..

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