Bitcoin

Bitcoin

181
Broke out of the descending wedge to the upside. Heavy resistance between 8600-8800. Needs to have continuation through 8800 in order to test downtrend line from 19k that sits between 10.2 and 9.7k depending on how fast we go up. If it fails to break 8800 should get a pull back to around 8050-8150 before reloading and trying again. 11.7k could provide resistance again and that would likely mean we'll be in a range of 8k-11.k for awhile, which wouldn't be bad. A lower low on the recent 7.3.k bottom would mean 6k is definitely in play again and likely will not hold.

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