This morning's (in the US) big volume was just what BTC needed to power above the 9200 resistance/support level. Looking for probable consolidation here before testing 11500. This idea shows the path ahead to test several levels of horizontal resistance and moving averages ahead.
BTC has been looking bullish the past couple of days riding on some good news finally in the wake of the SEC/CFTC hearings in the US Senate. And the volume has finally spiked. This could signal the bottom of the BTC retracement. But there is much resistance for BTC to break through to the upside. It needs to breach the downtrend line of the descending wedge again,...
