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BTCUSD UPDATE: Ascending Line and VRPR Analysis

Long
BITSTAMP:BTCUSD   Bitcoin
BTC is holding the ascending trendline (WHITE LINE) formed from the bull run since December thus far. In the next 12 hours, BTC will make its final decision as we will move up to challenge ATH or move down and look for more support! As discussed yesterday, the momentum in this bull run is waning, it will take some volume to push us through the resistance at 59,400 to a new ATH! I will post another update with the hourly timeframe in coming hours.
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