First Bitcoin Resistance Levels

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I Tweeted the charts below earlier today regarding Bitcoin’s first real resistance test. It certainly seems like BTCUSD has the legs to go further if Gold & Silver stay so strong. $11400-11800 should be the first area Bears start to get active. $9800-10000 had a lot of rejection wicks on the way up. Therefore that area becomes key support for any retrace.

Disclosure. The author does own BTC.

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