Sherem

BTCUSD approaching resistance zones

BITSTAMP:BTCUSD   Bitcoin
IF BTC breaks this trend line and resistance point it's very well possible that we can see a rally to the 10k area. I find the 10k area to be more of a turning point then this trend line. The 10k area is a pretty hefty psychological barrier more than anything. Even as I am writing this, the market is pushing up pretty hard. I would want to see how BTC fares against that 10k area and buy on a retrace. Keep a close eye on this over the weekend.

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