Bitcoin about to breakout of Long Term resistance
Updated
Looking at the daily chart, you can see bitcoin is approaching a key level of $7550. If it breaks out of this level we can expect the bulls to be back in control with significant upside to towards the $8500 and $10,000 levels. This is a key resistance from January 2018. So breaking out of that will have significant momentum and upside potential.
Note
Bitcoin is still staying within the resistance and support of the descending triangle. A break above 7000 in the next several days will signify a breakout.. Conversely a break below the support of 6000 it will be back to bearish
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