Don’t get too excited.. Bitcoin showing strength

Hello everyone, as in the title BTC is showing some strength but we still have a long way to go. On october 19th bears were attempting to bring the price down, but lack of strength helped bulls push it up. I’ve noticed that every Sunday night (I am located on the west coast) the price tends to go up. It’s probably caused by a combination of few factors like contracts expiring and chinese market waking up.

Anyway, looking at the candles right now there is a possibility of retesting the resistance line, breaking that line would suggest a possible uptrend move. Let’s see what’s going to happen.