The bitcoin price went all the way down to $13586 on Bitstamp. Did you get in on that price? If you did you are sitting on good profits and you got the low just right. Well done!
The price right now, as I am writing this, is $14990. $13500 is a must hold support level. The top resistance is at $16464. We have some way to go and we are heading into the weekend as well.
If we go below $13500 we are making lower lows again and the bears will be back in control. I don’t want to see that. We have been rebuilding nicely since the 22 Dec low of $11581 and I hope we can retain of build on this.
I would like to see the Bulls come out in a bigger force and break $16464 in big way, but not sure that will happen while we going into the weekend and New Year holidays.
Here is the latest technical analysist video from The Chart Guys:
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Colin Brazendale
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