Bitcoin Breaks Out Above Resistance
Bitcoin is looking good – REAL good. Price is holding over $16K at $16125 with support looking to be @ $15800, Things are a lot different than 2017 – what a beautiful thing to witness!
Bitcoin Decisively Breaks Out Above Resistance
“The Bitcoin (BTC) price finally broke out from the $15,800 resistance area and reached a high of almost $16,500.
While a short-term decrease could occur in order to validate the area as support, it does not look like BTC has reached a top yet.
The Bitcoin price had been trading below the $15.800 resistance area since Nov 5. After creating an ascending triangle, the price was finally able to break out yesterday, reaching a high of $16,494 before decreasing slightly.
The $15,800 area is now likely to act as support, and also coincides with an ascending support line.”