Could Bitcoin Surge past $11,000 This Week?!?! - Daily Bitcoin Screening: $9,719 (4hr chart)

in #teamcrypto7 years ago

It took one more sell off, but #Bitcoin finally broke above our $9,500 horizontal #resistance as predicted yesterday (blue line). We have already tested it once, but I wouldn't be surprised if we got another test back down to solidify it. If we can hold it, we don't have a whole lot stopping us until that $11,700 resistance. The #bull trend #support (acting as a resistance) could get in the way (red line), but even that should take us above $11,000. Here's the thing, though, we HAVE to break $11,700. Another strong rejection like the previous two times could end up really badly. We'll see tomorrow if #BTC holds this line and begins surging upwards. Stay vigilant! Screen Shot 2018-03-11 at 3.17.34 PM.png