Did we just leave $40k forever?

in #bitcoin2 months ago

Up up and away!

Bitcoin has broken out of the $40k range and move up into the next range above it.

It's currently trading over $41k and looks to have put the prior $40k range in the rear view mirror:

image.png

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

What once was resistance will now act as support.

I look for bitcoin to begin moving up in this new range with $40k acting as our new support level.

There isn't much on the charts in terms of resistance until all the way up near $50k.

The next several days/weeks could be a lot of fun for bitcoin investors/traders...