kyer

Bitcoin Update - $9950 Still in Play

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BITSTAMP:BTCUSD   Bitcoin
The past few days Bitcoin has sort of been moving sideways, hugging the weekly level at 8649. It’s closed above/below it multiple multiple times, almost as if the bears and bulls are playing tug-of-war.

I believe Bitcoin is still going to go up, although it’s outside on the bottomside of this channel, Bitcoin looks like it’s going to target 9950 (monthly resistance zone)

I’d expect a decent pullback at 9950, we’re going to move up now.

As always please do your own research, I am not a financial advisor.

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