BTC update 30th may

BTC now at 7470. We are now in this "channel" just waiting for BTC to make its next move. We are still bullish on BTC, a lot of people are not tough... Ofcourse we could see a dip in price (weekend) but we see and think the main direction is up. The prices to watch are ; resistance at top of channel (7550ish), then 7580 resistance and last but not least 7750. If we break this 7750 the breakout/bull run is definitely confirmed (this is a price barrier where a lot of people are waiting for to confirm bulls are taking over). Today we have to "close" the day above 7500 to keep the bulls motivate. Now the negative side of things, if we fall from this channel (7430and lower) we will see the first support at 7300.




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