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Could we see a break towards 1200?

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Bitcoin (MTGOX:BTCUSD)  
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MTGOX:BTCUSD   Bitcoin
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I have gone long with a target of 1200/R2

You can see we had some volume where the green arrow is on the chart which showed traders are active and with the price so close to resistance I took the opportunity to buy. We are also seeing an increase in volume with the price moving towards the resistance area.
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