Bitcoin: Trend?

Bitcoin

MA and failed to break it so this time we're trying back up towards the Medium MA. Yet in the way there are some formidable resistances. Notably the 50% Absolute Fib at 9837 which we've toyed with but still not closed over and then the psychological 10000 level. Only after these do we reach the Medium MA resistance.

I'm tempted to move towards mildly Bullish as all MAs point higher...but they would do that wouldn't they! Caution...till we overcome the resistances...but if we do then the next levels to look for on the upside would be the Fib at 11169, the highs late Feb and early Mar which I will treat as one band 11463 - 11780, the Fib at 12160 and the next really important resistance...the 50% Fib of the Dec 2017 - Feb 2018 move at 12791.

As before...the bullet point above remains in Neutral till we properly break with consecutive closes over the Medium MA or under the Long MA.

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