WallstreetTraders

BITCOIN - Projection (1W TF)

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BITSTAMP:BTCUSD   Bitcoin
BTC price is on ascending parallel channel since April 2013. A series of higher highs and higher lows have been formed. Price has just broken the mid (resistance) line denoting further rise to the channel’s resistance line. After the retest of the mid (now support) line we expect uptrend continuation, thus more growth of BTC price to around $150,000.

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