Giving a closer, more zoomed in look at the previously posted chart. Bitcoin is very volatile right now with many possibilities. We are bouncing in between these fib levels right now and it is hard to tell if we will break the resistance or not, as we have tried a few times today already. On the other hand, support has held very strong yesterday and has resulted in some positive movement. If volatility slows down, we may see some sideways movement which would be ideal (and can help altcoins). Keep an eye close between the levels of $11,075 - $12,135) as these are key right now. I do worry that if we break $11,075 and $10,219 things can look very grim for us. For now let's keep a close eye and see what the next move will be.
Comment:
My friends, we have now broken above the $12,315 (0.236) level and have held it for a few hours. The daily close comes in a few hours, let's see if we can hold that level for the close. This is looking like good news, if this truely becomes support our next target is $13,847 which is our recent relative high. The sky is the limit!
