Signs of Life for Bitcoin!!

Bitcoin has finally shown some strength. It has broken the 37.7K barrier which has provided significant resistance for some time. It appears to be crossing the vacuum zone, making a run for 40K. We should see some resistance here, but it is a good sign for BTC that we are developing an upside bias and perhaps will start to range near 40K instead of the low and mid 30K's. We will see some resistance at 40.8K and 41.9K, but after that there is a vacuum zone to 45K, our next significant milestone. Watch for support from 36.7K otherwise. The Kovach OBV is still not convinced, but the Chande (measuring short term momentum) has picked up notably.
altcoinsBitcoin (Cryptocurrency)blockchainBTCChart PatternscryptoghostsquawkhodlTechnical IndicatorskovachTrend Analysis

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