Bitcoin Market Analysis

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin breaks out decisively off the new Inverted H&S neckline and stays above SMA 50. MACD supports the upward movement. We could see a small retracement to the 8900-8800 levels only to shoot back up. Scalping with shorts in this area should be avoided due to the presence of sudden rising candles. Be mindfull of the horizontal resistance levels at 10k and 12k.
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