Bitcoin (BTC) Price Update: Heading for a Breakout? by devytan

bitcoin · @devytan · Feb 27 '18

$1.19

Bitcoin (BTC) Price Update: Heading for a Breakout?

Hi guys!

## BTC - Daily Chart
Tools used: Fib-Channel, Trendlines, Ichimoku Cloud and Stochastic RSI
![5a94b0a76d557.png](https://steemitimages.com/DQmRQFzc1Y7J272MWSjXrXzqshqZC1EdpmHvRbGQo1ogeVo/5a94b0a76d557.png)
I've pointed out some of the major resistance on bitcoin's path to breakout from this massive bull flag. The stoch RSI definitely signalling a upward trend but it's not a guarantee of a successful breakout from this bull flag. 

Bitcoin might have another failed breakout attempt for all we know. Notice that the both resistance and support on this bull flag have been tested many times but held very well. 

Nonetheless if bitcoin close above $11,000 that should be a good confirmation on the breakout from this bull flag that has been going on for several weeks now.

## Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!

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