If the market could overcome the resistance it is very likely that we will see 500 Dollar very soon. But the absolut high lays around 1100 Dollar in 2014. So there is a lot of space for this market to move.
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Monday, February 15, 2016
Interesting development in Bitcoin market
Over the weekend there was a interesting development in the bitcoin market. The market is still under the 2014 resistance, but the outbreak of the falling wedge has succeeded. The Wedge stopped exactly on the 61,80 Fibonacci Retracement, after outbreak retested the old line, and now after the weekend opened with a strong nearly 20 Dollar gap to the upside.
If the market could overcome the resistance it is very likely that we will see 500 Dollar very soon. But the absolut high lays around 1100 Dollar in 2014. So there is a lot of space for this market to move.
If the market could overcome the resistance it is very likely that we will see 500 Dollar very soon. But the absolut high lays around 1100 Dollar in 2014. So there is a lot of space for this market to move.