The Traderszone Network

Published in TZ Latest News 13 August, 2017 by The TZ Newswire Staff

Bitcoin (BTC/USD) Breaks Above 4000

 
Bitcoin (BTC/USD) Weekly/Daily

Bitcoin (BTC/USD) continued surging higher over the weekend, smashing above the psychologically key whole figure resistance level of 4000.  4000 coincides with an upside target previously estimated by taking the height of the prior flag pole of roughly 1000, and adding it to the point of breakout above flag/channel resistance 2 weeks ago at 3000ish.  With the weekly and daily RSI and Stochastics overbought, the weekly and daily MACD could begin tiring in the next few days.

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