Bitcoin right below resistance, potential for bullish breakout!

5 mar 2018

Bitcoin is seeing major resistance at 11694 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance) which needs to be broken to open a potential rise to 12985 resistance (Fibonacci retracement, horizontal overlap resistance). It’s important to note that we’ve seen a bullish exit of our long term descending resistance-turned-support line too signaling a change in momentum from bearish to bullish. We’re also holding really well above our Ichimoku cloud support.

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