Bitcoin Breaks Resistance Eyes $10k

Bitcoin is pushing after the psychological milestone of $10,000 again. This comes after a successful test of support and then break of upside resistance.

Last post I did on BTC price was testing the 8,400 support, which was successful only to make a run at the 9,400 level resistance. That was breached yesterday and price is now pushing upward.

Bitcoin 10,000 and then some?

Obviously everyone is focused on the $10,000 level, but if you look at the chart above the clearer upside target is the $10,500-$10.800 area.

Obviously the downside support we are aiming for is the $9,400 level that was just surpassed. If price pulls back at all and cannot close and remain above that level then that changes the outlook.

Posted via Steemleo