I don't trade bitcoin often and non-baised on it's direction. Although, I believe it is valuable in the sense of a technology standpoint and method of payment. In the future and after price stability, it could become an alternative method of currency.
$378.05 looks to be a predominate support level, as price action lingers in a demand zone. If price can trade out of it's current range (created after breaking down through a small triangle), BTCUSD could reach $450 with a three-month outlook. This resistance level corresponded to price action, dynamic (EMA), and trend resistance.
A break through this demand zone would expatiate selling, with more downside risk than upside potential.
$378.05 looks to be a predominate support level, as price action lingers in a demand zone. If price can trade out of it's current range (created after breaking down through a small triangle), BTCUSD could reach $450 with a three-month outlook. This resistance level corresponded to price action, dynamic (EMA), and trend resistance.
A break through this demand zone would expatiate selling, with more downside risk than upside potential.
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