racer8

Bitcoin Prediction (BTC)

Long
BITSTAMP:BTCUSD   Bitcoin
Bitcoin is looking very bullish right now. Bitcoin's price is likely to go up after breaking a major resistance level as seen in the chart. The resistance level is roughly at 24682 USD. I noticed how strongly bullish looking BTC's chart was on March 15, and the following price action that ensued has confirm that. One final note is the moving average. The 200 period moving average is a good benchmark for determining the trend. We can see here that the price is above the 200 SMA, showing that we are in a bullish market. Overall, I'm betting BTC will rise.
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