Looks like the Bulls are winning this week after the previous week correction to $6000. Yes!
Higher low support at $7865 on Bitstamp and the resistance is at $9761 which is our 24 hour high. I think $10000 will be a big psychological resistance, but if we break $10000 on a clear break we will go much higher.
This is great news for Steem and SBD too. Currently all the crypto’s are moving with Bitcoin. The altcoins went down with bitcoin so they will rise with bitcoin too.
Here is the 7 day SBD chart in Rands. Currently at R61.83 ($5.28):
Currently it looks like we are in consolidation, so we might see another break out soon! I trust the Bulls will do the break out again. 😊
Here is Dan from the Chart Guys with there take on this Bull run:
Tone Vays gives his view on the $9000 break out from Bitcoin. Start video at 16:30 min for chart action:
What do you think of the current bitcoin price break out above $9000?
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Colin Brazendale
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I am a successful bitcoin cloud miner and affiliate of Genesis Mining and USI Tech. I have been mining for the last 19 months. I highly recommend Genesis Mining and USI Tech to earn bitcoin and make money online. I believe it is more important to earn income than hold assets. That is why I recommend mining crypto and blogging on Steemit.