BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Ascending triangle shown in the chart from trend lines , BTC looks like it will be heading towards the $24,665.00+ mark, if it breaks we will see an uptrend continuation. This will be likely the next level of resistance if this is the case set from the previous high price rejection. If BTC closes above this level, this will allow for this mark to become a new level of support heading towards the: $26K+ mark.

However, BTC price could move sideways within this triangle until we see a breakout closer towards the end of the tip of the triangle.

NOTE!: (White horizontal lines show current levels of support & resistance in the chart)

Comments