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BTC/USD has broken above 100-day MA and has hit 616.47 levels so far in the day. It is currently trading at 614.50 levels (Bitstamp).
Long-term trend: Bullish
Short-term trend: Bullish
Ichimoku analysis of daily chart:
Tenkan Sen: 610.99
Kijun Sen: 604.54
Trend reversal: 599.11 (90 EMA)
On the upside, the pair will face resistance at 628.99 (September 11 high) and a break above would target 651.79 (161.8% retracement of 628.99 and 592.10)/ 704.99 (July 03 high)
On the flip side, the pair seems have taken support near 611.05 (10-day MA) and a consistent break below would weaken it to 599.11 (90 EMA)/552.30 (August 19 low).
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BTC/USD breaks above 100-DMA, targets 630
Monday, October 10, 2016 7:18 AM UTC
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