Hi guys,
As you are all probably aware, bitcoin is breaking a major trend-line from the 20 thousand mark. We are currently consolidating in bitcoin however we need to move past the $10800 (AUD) level to have a significant run.
$10800 (AUD) level will prove to be very heavy resistance, but we need to break through this level over the next week in order to see significant bullish momentum. The next target for bitcoin will be around $12093 (AUD).
The bulls have more momentum over the bears. However this breakout will require a significant increase in volume.
If we can break this with large volume then we will see a significant bullrun over the next month or two.
It is only a matter of time before we will see a breakout in Litecoin, assuming positive market sentiment.
There does not seem to be any negative news which will cause a negative market sentiment. The Verge (XVG) situation has not brought any other coins down as I thought it might.
Donations always welcome:
Ethereum address (any ERC20 token): 0x15dFDafD261A263162178C994D7F78355B59dCca
