Bitcoin Analysis 05-01-2018

Resistance: 16.100, 16.500, 17.000, 17.500
Support: 15.800, 15.500, 15.000, 14.930

Short analysis of the day

Bitcoin broke the downgoing resistance line and it was tested in the past few days, a break thru can mean that we go to the 16.500. On the moment we are on 16k with a resistance in between 16k and 16,2k if those break the way is free to the 16,5k
I predict that we are going to test this line the coming 24 hours but not break it.
If it breaks we can possibly go on a further rise to the 17 to 17,5k zone .
still we are in a good upgoing channel with support laying at 14.450 and resistance at 16.400 at the moment of writing.
If we don't break the 16,5 k in 24 hours I expect on the short term a downfall.
But that is if!

Follow me at @woutersbit

Content from: Marco schaapsherder

NOTE: This is only a analysis and not a advise be aware of your own steps!