BTC rages on

BTC futures are continuing they’re breakout to the upside gaping up to open above the 50-day moving average  which was effective resistance that BTC was unable to close above both last Thursday and Friday.

 Today’s daily candle is very bullish despite its small size It has a long upper wick and really no lower wick to speak of, The upper wick however does come in at the next level of resistance, the 100-day  M.A.. I do not think this will prove to be strong enough to hold back pricing and expect to see a close above it in the next few days. It is looking like our assumption of $8,000 Bitcoin this week we had made just last week is looking very much like it will come to fruition.