Hi guys,
At the moment bitcoin is consolidating around $10500 -$10600 (AUD). Due to heavy resistance, the price is pinching towards a break out (either up or down).
At this point in time, everything is in the favour of the bulls. However to be certain of this we will need to see an increase in volume to push this price towards the $12,200 (AUD) price point.
Keep in mind that if we do not get an increase in volume within the next 24-48 hours then we may see a bearing breakout.
65% chance for bulls
35% chance for bulls
Personally I am expecting a bullish breakout for bitcoin withing 24-48 hours.
As always, remember - bulls make money, bears make money, but HOGS GET SLAUGHTERED!! Don't be a hog guys!!
Donations always welcome:Ethereum address (any ERC20 token): 0x15dFDafD261A263162178C994D7F78355B59dCca
