CryptoCat93

Will bitcoin break the resistance? Support and resistances

BITSTAMP:BTCUSD   Bitcoin
Bitcoin testing "Resistance #1", if it breaks my next target is around 11690 USD
The upwards trending resistance line which goes through "Resistance #1" is important too, if it breaks I think we will see a parabolic movement to the "Resistance #2"
If Bitcoin fails at "Resistance #1" i'm looking for retracement back to 7900-8450 USD support zone
I think that upwards trendline on the RSI is so important, last time when it's broken to the down side Bitcoin dumped too.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.