Michael_Macdonald-XATSUK

Signs of improvement in daily BITCOIN (BTCUSD) chart

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Extending gains towards strong resistance at the 11183. 01 monthly high of 19 September.

Daily momentum and the Tension Indicator are positive, highlighting an improvement in daily sentiment and scope for a break towards the 11461.50 retracement.

However, weekly charts are mixed/negative, suggesting increased selling risk towards here.

Support is at congestion around 10750. A close beneath here will , price action will turn Neutral.

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