PaulAnthony
Long

bitcoin entering bull territory

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
473 views
1
multiple indicators are indicating a shift from bear to bull territory. as we make our way into bull season, it's good to mark the important price points where bitcoin may encounter resistance. black lines indicate previous historical highs while blue lines indicate big round arbitrary numbers (800, 900, etc...). i've omitted the big round numbers where they're close enough to the historical highs ($710 ~ $700, $995 ~ $1000). i expect these areas to be important battle lines for bitcoin in the near future. definitely important areas to keep an eye on as we slowly enter the bull season. another way to see these lines is further confirmation of bullish sentiment. every time bitcoin breaks through one of these lines, it's a strong signal that we are in a bull trend.

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