Bitcoin testing US$18k - chart update

in #bitcoin7 years ago

coindesk-bpi-chart (1).jpeg

Bitcoin recently nudged US$18k, before pulling back slightly.

Momentum is bullish and in my opinion, a deluge of new accounts being opened will see a breakout from this ascending triangle formation and move into US$20,000s, potentially by the end of the year.

Holding above recent resistance at US$17,500 will be important to maintaining ST momentum.