CryptoCat93

Will bitcoin break the resistance? Support and resistances

BITSTAMP:BTCUSD   Bitcoin
Bitcoin testing "Resistance #1", if it breaks my next target is around 11690 USD
The upwards trending resistance line which goes through "Resistance #1" is important too, if it breaks I think we will see a parabolic movement to the "Resistance #2"
If Bitcoin fails at "Resistance #1" i'm looking for retracement back to 7900-8450 USD support zone
I think that upwards trendline on the RSI is so important, last time when it's broken to the down side Bitcoin dumped too.

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