BTCUSD moving toward a breakout or breakdown.

12 feb 2018

BTC is moving toward the resistance line and set for a showdown. Price action broke down to the 200 day MA and then quickly recovered back to 8742 moving toward the HOD at $8888. If we break out and close above resistance it will be a clear sign we are moving toward the 9000+ level. If this breakout fails then we could see the predictions of BTC at $5000 become a reality.

We might have one more day to test resistance.

HV