I wont pretend i can do good chart analysis. Im total noob. But even i see a little bit of patterns :) So if we break out 200 SMA (green line, green arrow) - there will be even higher rise. But i think there will be huge resistance at blue arrow (red line). If it break it too -BTC will rise and i guess we will have new support level .
Comment:
Because it's hard to see what exactly price is at green line - it's 10900$. If BTC reaks that price for at least 4h. then it's safe to say - btc broke out. But as i wrote in my previous analysis-i think this is just for few days.
Comment:
Pls keep in mind that now Chinese and maybe other asian countries are drunk, so that's why market going up - there is no big chinese whales who makes prices go down. But chinese holidays wont last forever...only till Feb 22.