BTC looks set to test $10,000

in #bitcoin • 6 years ago

IMG_20180216_001127_402.jpg

🎓 The above chart (prices as per Coinbase) shows:

  • BTC has moved above the resistance at $10081.48 (23.6 percent Fibonacci retracement of the sell-off from record highs).

  • Momentum studies: 5-day moving average (MA) and 10-day MA are curled up in favor of the bulls.

  • The relative strength index (RSI) is on the rise, indicating a potential for a further rally in prices.

So, BTC looks set to test $10,000 and may extend gains to $11,000 as suggested by the inverse head and shoulders breakout.

However, gains above $10,000 are to be viewed with caution, the weekly chart indicates.

photo source "www.bittrex.com"

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Man it's still moving up fast! 11K by Friday would be great.

yes✌✌✌