nummus

BTC at two strong long-term resistances

nummus Updated   
BITSTAMP:BTCUSD   Bitcoin
I'm posting this to put the BTC price in perspective. BTC price is right now at a weekly resistance and at a multi-year trendline resistance. I'm not suggesting anything, but only a decisive break could give us a reason for excitement. Until then, however, ... :-) Safe trades!
Comment:
BTC/USD price is still hesitating at the same weekly level and the trendline, which it approached 3 weeks ago. The way how this will resolve (decisive breakout or bounce) will give us an indication of the price direction in the comming months.

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