Bitcoin had completed its target faster than we expected. Facing resistance at descending line. Breaking up the line will send us to resistance at $12,000, $13,000 and longer target at $17,000. It’s likely that we see a correction or consolidation. We haven’t had such since $10,300. Support are lies at $11,000-$11,200 and further down at $10,800 (61.8% Fib retracement).
BTC/USD BitFinex 4 hours chart
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