We have been looking at EMA100 as main resistance, which is the blue line that has rejected Bitcoin's growth several times in the recent past.
Looking at this moving average, we can come up with a few simple scenarios:
1) If EMA100 can be conquered, a close above it with good strength and . Bitcoin moves up and challenges the next resistance at $4300. If this one can be broken then $4640 is next.
2) If EMA100 can't be broken, Bitcoin goes back down to test EMA10/50.
My view: is starting to grow on a Wednesday. The daily candle still has 11 more hours. So there is a big chance that Bitcoin can break EMA100 and continue with its move up, but instead of guessing, we will let the market decide.
The is really now sitting at 60 and going higher.
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