The Bitcoin Breakout Has Finally Happened!
We got a large green energy candle yesterday and saw bitcoin price soar through 11K, blasting through the long held resistance of 10,500.
Where too next?
Looking at the chart you can see the next upside target is in the 12,200 area. As for the downside, well - the 10,400 resistance will now be looked at the first line for support.
It really doesn't need to be anymore complicated then that, thus I will keep this post short and sweet!
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I think there might be a correction soon enough
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Possibly but my hope to buy more BTC at 7,500 seems slim at this point.
Very slim I'd say but then again with crypto, anything is possible.
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It looks like Gold and Bitcoin Breaking Out Together again.
Its seems like we are a lot closer to the Ponzi breaking down than when I wrote that just over one year ago.
And using trendlines it broke through the long-term bear market trendline on the log and non log chart! BTC showing some really good strength!
Nice, didn't know it broke on the log chart. That is huge!