ampomerantz
Long

Bitcoin ready for a breakout?

BITSTAMP:BTCUSD   Bitcoin / Dollar
We are approaching the end of the flag pattern (created by price increase at the end of May through mid Jun and the correction/bottom in early August).

We are currently trending above the 9 MA and 200 MA.

The next level of resistance I see is ~$614. If we break that resistance level I believe the price will jump to ~$623 (or the .382 Fib resistance level ).

Any thoughts?

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