Mihai_Iacob

Bitcoin outlook

Long
BITSTAMP:BTCUSD   Bitcoin
From 10k bottom in early September, Btc is trading upwards putting in higher lows on our chart.
Now the cryptocurrency is trading above important 11k resistance and I expect a continuation to the upside as long as this support (old resistance holds).
My first target for Bitcoin is 12k but, on the other hand, a drop under 11k would put pressure to the downside and expose 10k zone again.

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